Portable Medical Devices Market Forecast and Scope - 2031
The Portable Medical Devices Market is expected to register a CAGR of 10.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Diagnostic Imaging, Therapeutics, Monitoring Devices and Smart Wearable Medical Devices), Application (Gynecology, Cardiology, Gastro Intestinal, Urology, Neurology, Respiratory, Orthopedics and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Portable Medical Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Portable Medical Devices Market Segmentation
Product- Diagnostic Imaging
- Therapeutics
- Monitoring Devices and Smart Wearable Medical Devices
- Gynecology
- Cardiology
- Gastro Intestinal
- Urology
- Neurology
- Respiratory
- Orthopedics and Others
Strategic Insights
Portable Medical Devices Market Growth Drivers- Chronic Disease Prevalence and Aging Population: The global increase in number of people afflicted with chronic diseases like diabetes and cancer, accompanied by a growing ageing population, would form the largest market driver for portable medical devices. With more and more individuals needing continuous monitoring and management of their health conditions, demand for portable solutions has seen an upswing.
- Healthcare Cost Management: Chronic diseases such as diabetes and cancer are becoming a major driver for the costs of healthcare delivery; hence, both the patient and the healthcare delivery system strive to search for better management options. Portable medical devices such as insulin pumps and handheld ultrasound devices provide proactive monitoring that may avoid expensive and costly interventions over time. In addition, the increasing consiousness of health and wellness among the population is motivating them to spend on portable medical devices. In general, with constantly increasing levels of income and better availability of technology, the device becomes more readily accessible.
- Mounting Adoption of Home Health Care Services: There is a notable shift towards home-based healthcare, where patients prefer to manage their health conditions in the comfort of their homes. This has led to a higher demand for portable medical devices such as blood glucose monitors, insulin pumps, pulse oximeter, and wearable devices that facilitate continuous monitoring and management of chronic conditions.
- Increasing R&D Activities by the Market Players: Leading manufacturers such as Medtronic, Philips, and Omron Healthcare, Inc. are engaged in research and development of advanced technologies such as wearable pumps and handheld diagnostic devices to minimize the long duration of hospital stays and encourage self medication. Such R&D activities by these market players will boost the growth of portable medical devices market share.
- Product Launches: Launch of advanced portable medical devices for homecare settings to substitute long hospitals stays are likely to be the future trends of mechanical ventilators market. Several wearable devices such as pulse tracker offer wireless connectivity, remote diagnosis etc allowing healthcare providers to monitor patients remotely and adjust settings in real-time. These have become essential tools in modern diagnostics and home care are their adoption is expected to fuel the growth of the market.
- Integration of Telehealth and Telemedicine:
Portable medical devices that can easily integrate with virtual healthcare environments stand to benefit from the growing popularity of telehealth and telemedicine. This includes digital stethoscopes, handheld diagnostic equipment, and other portable medical tools that will enable healthcare professionals carry out virtual consultations, diagnosing conditions, and prescribing medicines while telemedicine remains at a distance. This trend promotes accessibility to care services, especially in remote and difficult-to-reach locations; in turn boosting the portable medical devices market.
- Regulatory Approvals and Clinical Evidence: Gaining regulatory approvals and backing them with clinical data can help build trust among consumers and practitioners alike. Clear regulatory pathways and new approvals for portable medical devices such as handheld ultrasound scanners, probes, and other devices encourage innovation and can lead to more options being available in the market.
- Collaborations and Partnerships: Collaborations with surgeons, specialists of various medical departments, and other healthcare professionals can enhance credibility and market reach. These partnerships can also facilitate clinical studies that validate product efficacy. Additionally, increasing collaboration among manufacturers or mergers to enhance their product offerings and expand their market reach. This can improve R&D capabilities and drive innovation in portable medical devices.
- Untapped Opportunities from Emerging Economies: Emerging markets, especially in Asia-Pacific, Latin America, and the Middle East, are witnessing rising disposable incomes followed by increasing awareness about non-invasive techniques for home healthcare services are creating demand for portable medical devices. Additionally, the expanding distribution networks in these regions presents significant growth opportunities in the portable medical devices market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Portable Medical Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Portable Medical Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is expected to grow at a CAGR of 10.4%
Chronic disease prevalence and aging population is the major factors boosting the portable medical devices market growth.
The North America region accounts for highest revenue share portable medical devices market
Medtronic,
KONINKLIJKE PHILIPS N.V.,
General Electric Company,
Abbott,
Omron Healthcare, Inc., F. Hoffmann-La Roche Ltd, Natus Medical Incorporated, BD, OmniVision Technologies, Inc are the some of the key market players operating in the portable medical devices Market market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Portable Medical Devices Market- By Product
1.3.2. Portable Medical Devices Market- By Application
1.3.3. Portable Medical Devices Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PORTABLE MEDICAL DEVICES MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. PORTABLE MEDICAL DEVICES MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PORTABLE MEDICAL DEVICES MARKET- GLOBAL ANALYSIS
6.1. PORTABLE MEDICAL DEVICES MARKET - GLOBAL MARKET OVERVIEW
6.2. PORTABLE MEDICAL DEVICES MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DIAGNOSTIC IMAGING MARKET
7.3.1. Overview
7.3.2. Diagnostic Imaging Market Forecast and Analysis (US$ Mn)
7.3.3. MRI Market
7.3.3.1. Overview
7.3.3.2. MRI Market Forecast and Analysis (US$ Mn)
7.3.4. CT Market
7.3.4.1. Overview
7.3.4.2. CT Market Forecast and Analysis (US$ Mn)
7.3.5. Ultrasound Market
7.3.5.1. Overview
7.3.5.2. Ultrasound Market Forecast and Analysis (US$ Mn)
7.3.6. Other Diagnostic Imaging Market
7.3.6.1. Overview
7.3.6.2. Other Diagnostic Imaging Market Forecast and Analysis (US$ Mn)
7.4. THERAPEUTICS MARKET
7.4.1. Overview
7.4.2. Therapeutics Market Forecast and Analysis (US$ Mn)
7.4.3. Insulin Pump Market
7.4.3.1. Overview
7.4.3.2. Insulin Pump Market Forecast and Analysis (US$ Mn)
7.4.4. Nebulizer Market
7.4.4.1. Overview
7.4.4.2. Nebulizer Market Forecast and Analysis (US$ Mn)
7.4.5. Other Therapeutics Market
7.4.5.1. Overview
7.4.5.2. Other Therapeutics Market Forecast and Analysis (US$ Mn)
7.5. MONITORING DEVICES MARKET
7.5.1. Overview
7.5.2. Monitoring Devices Market Forecast and Analysis (US$ Mn)
7.5.3. Cardiac Monitoring Market
7.5.3.1. Overview
7.5.3.2. Cardiac Monitoring Market Forecast and Analysis (US$ Mn)
7.5.4. Neuro Monitoring Market
7.5.4.1. Overview
7.5.4.2. Neuro Monitoring Market Forecast and Analysis (US$ Mn)
7.5.5. Respiratory Monitoring Market
7.5.5.1. Overview
7.5.5.2. Respiratory Monitoring Market Forecast and Analysis (US$ Mn)
7.5.6. Hemodynamic Monitoring Systems Market
7.5.6.1. Overview
7.5.6.2. Hemodynamic Monitoring Systems Market Forecast and Analysis (US$ Mn)
7.5.7. Other Monitoring Devices Market
7.5.7.1. Overview
7.5.7.2. Other Monitoring Devices Market Forecast and Analysis (US$ Mn)
7.6. SMART WEARABLE MEDICAL DEVICES MARKET
7.6.1. Overview
7.6.2. Smart Wearable Medical Devices Market Forecast and Analysis (US$ Mn)
8. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GYNECOLOGY MARKET
8.3.1. Overview
8.3.2. Gynecology Market Forecast and Analysis (US$ Mn)
8.4. CARDIOLOGY MARKET
8.4.1. Overview
8.4.2. Cardiology Market Forecast and Analysis (US$ Mn)
8.5. GASTRO INTESTINAL MARKET
8.5.1. Overview
8.5.2. Gastro Intestinal Market Forecast and Analysis (US$ Mn)
8.6. UROLOGY MARKET
8.6.1. Overview
8.6.2. Urology Market Forecast and Analysis (US$ Mn)
8.7. NEUROLOGY MARKET
8.7.1. Overview
8.7.2. Neurosurgery Market Forecast and Analysis (US$ Mn)
8.8. RESPIRATORY MARKET
8.8.1. Overview
8.8.2. Respiratory Market Forecast and Analysis (US$ Mn)
8.9. ORTHOPEDICS MARKET
8.9.1. Overview
8.9.2. Orthopedics Market Forecast and Analysis (US$ Mn)
8.10. OTHER APPLICATIONS MARKET
8.10.1. Overview
8.10.2. Other Applications Market Forecast and Analysis (US$ Mn)
9. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA PORTABLE MEDICAL DEVICES MARKET
9.1.1. North America Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.3. North America Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.4. North America Portable Medical Devices Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.2. US Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.2. Canada Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.2. Mexico Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2. EUROPE PORTABLE MEDICAL DEVICES MARKET
9.2.1. Europe Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.3. Europe Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.4. Europe Portable Medical Devices Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.2. UK Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.2. Germany Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.2. France Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3. ASIA PACIFIC PORTABLE MEDICAL DEVICES MARKET
9.3.1. Asia Pacific Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.3. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.4. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.2. Japan Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.2. India Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.2. China Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) PORTABLE MEDICAL DEVICES MARKET
9.4.1. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.3. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.4. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.2. South Africa Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.2. Saudi Arabia Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.2. UAE Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA PORTABLE MEDICAL DEVICES MARKET
9.5.1. South and Central America Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.3. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.5.4. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.2. Brazil Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. PORTABLE MEDICAL DEVICES MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KONINKLIJKE PHILIPS N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL ELECTRIC COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ABBOTT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OMRON HEALTHCARE, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. F. HOFFMANN-LA ROCHE LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NATUS MEDICAL INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OMNIVISION TECHNOLOGIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. INFINEON TECHNOLOGIES AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Medtronic
2. KONINKLIJKE PHILIPS N.V.
3. General Electric Company
4. Abbott
5. Omron Healthcare, Inc.
6. F. Hoffmann-La Roche Ltd
7. Natus Medical Incorporated
8. BD
9. OmniVision Technologies, Inc.
10. Infineon Technologies AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For