Refractive Surgery Devices Market Insights and Growth by 2031
Refractive surgery is a medical process that is used to treat and correct the common vision problems to reduce the dependence on prescription eye glasses and contact lenses. There are various surgical procedures for correcting or adjusting your eye's focusing ability by reshaping the cornea, or clear, round dome at the front of your eye. Other procedures involve implanting a lens inside your eye. The major devices used during these surgical procedures are referred to as refractive surgery devices.
MARKET DYNAMICS
The refractive surgery devices market is anticipated to grow in the forecast period owing to driving factors such as increasing incidence of ophthalmic diseases and number of people wearing spectacles as well as technological advancement in the LASIK surgery. The market is likely to showcase opportunities for the untapped markets and growing awareness regarding new treatment options and new innovations in the devices.
MARKET SCOPE
The "Global Refractive Surgery Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of refractive surgery devices market with detailed market segmentation by product, end user, and geography. The global refractive surgery devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refractive surgery devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global refractive surgery devices market is segmented on the basis of product, and end user. Based on product, the market is segmented as ophthalmic lasers and microkeratome. The ophthalmic lasers market is further segmented into excimer lasers, femtosecond lasers, and YAG lasers. On the basis of end user, the global refractive surgery devices market is segmented in to hospitals, ophthalmology clinics, and ambulatory surgical centers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global refractive surgery devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The refractive surgery devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting refractive surgery devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the refractive surgery devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global refractive surgery devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The refractive surgery devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting refractive surgery devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the refractive surgery devices market in these regions.
- 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.
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Refractive Surgery Devices Market- By Product
1.3.2 Refractive Surgery Devices Market- By End User
1.3.3 Refractive Surgery Devices Market- By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REFRACTIVE SURGERY 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. REFRACTIVE SURGERY 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. REFRACTIVE SURGERY DEVICES MARKET- GLOBAL ANALYSIS
6.1 REFRACTIVE SURGERY DEVICES MARKET - GLOBAL MARKET OVERVIEW
6.2 REFRACTIVE SURGERY DEVICES MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3 MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. REFRACTIVE SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1 OVERVIEW
7.2 PRODUCT MARKET FORECASTS AND ANALYSIS
7.3 OPHTHALMIC LASERS MARKET
7.3.1 Overview
7.3.2 Ophthalmic Lasers Market Revenue Forecasts and Analysis (US$ Mn)
7.3.3 Excimer Lasers Market
7.3.3.1 Overview
7.3.3.2 Excimer Lasers Market Revenue Forecasts and Analysis (US$ Mn)
7.3.4 Femtosecond Lasers Market
7.3.4.1 Overview
7.3.4.2 Femtosecond Lasers Market Revenue Forecasts and Analysis (US$ Mn)
7.3.5 YAG Lasers Market
7.3.5.1 Overview
7.3.5.2 YAG Lasers Market Revenue Forecasts and Analysis (US$ Mn)
7.4 MICROKERATOME MARKET
7.4.1 Overview
7.4.2 Microkeratome Market Revenue Forecasts and Analysis (US$ Mn)
8. REFRACTIVE SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1 OVERVIEW
8.2 END USER MARKET FORECASTS AND ANALYSIS
8.3 HOSPITALS MARKET
8.3.1 Overview
8.3.2 Hospitals Market Forecast and Analysis (US$ Mn)
8.4 OPHTHALMOLOGY CLINICS MARKET
8.4.1 Overview
8.4.2 Ophthalmology Clinics Market Forecast and Analysis (US$ Mn)
8.5 AMBULATORY SURGICAL CENTERS MARKET
8.5.1 Overview
8.5.2 Ambulatory Surgical Centers Market Forecast and Analysis (US$ Mn)
9. REFRACTIVE SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA REFRACTIVE SURGERY DEVICES MARKET
9.1.1 North America Refractive Surgery Devices Market Forecasts and Analysis (US$ Mn)
9.1.2 North America Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.2.1 North America Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.1.3 North America Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4 North America Refractive Surgery Devices Market Forecasts and Analysis - By Country
9.1.5 US Market Overview
9.1.5.1 US Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.1.1 US Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.1.5.2 US Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.6 Canada Market Overview
9.1.6.1 Canada Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.1.1 Canada Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.1.6.2 Canada Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.7 Mexico Market Overview
9.1.7.1 Mexico Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.1.1 Mexico Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.1.7.2 Mexico Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2 EUROPE REFRACTIVE SURGERY DEVICES MARKET
9.2.1 Europe Refractive Surgery Devices Market Forecasts and Analysis (US$ Mn)
9.2.2 Europe Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.2.1 Europe Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.3 Europe Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4 Europe Refractive Surgery Devices Market Forecasts and Analysis - By Country
9.2.5 UK Market Overview
9.2.5.1 UK Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.1.1 UK Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.5.2 UK Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.6 Germany Market Overview
9.2.6.1 Germany Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.1.1 Germany Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.6.2 Germany Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.7 France Market Overview
9.2.7.1 France Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.1.1 France Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.7.2 France Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.8 Italy Market Overview
9.2.8.1 Italy Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.8.1.1 Italy Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.8.2 Italy Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.9 Spain Market Overview
9.2.9.1 Spain Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.9.1.1 Spain Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.2.9.2 Spain Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3 ASIA PACIFIC REFRACTIVE SURGERY DEVICES MARKET
9.3.1 Asia Pacific Refractive Surgery Devices Market Forecasts and Analysis (US$ Mn)
9.3.2 Asia Pacific Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.2.1 Asia Pacific Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.3 Asia Pacific Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4 Asia Pacific Refractive Surgery Devices Market Forecasts and Analysis - By Country
9.3.5 Japan Market Overview
9.3.5.1 Japan Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.1.1 Japan Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.5.2 Japan Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.6 India Market Overview
9.3.6.1 India Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.1.1 India Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.6.2 India Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.7 China Market Overview
9.3.7.1 China Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.1.1 China Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.7.2 China Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.8 South Korea Market Overview
9.3.8.1 South Korea Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.8.1.1 South Korea Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.8.2 South Korea Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.9 Australia Market Overview
9.3.9.1 Australia Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.9.1.1 Australia Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.3.9.2 Australia Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4 MIDDLE EAST & AFRICA (MEA) REFRACTIVE SURGERY DEVICES MARKET
9.4.1 Middle East & Africa (MEA) Refractive Surgery Devices Market Forecasts and Analysis (US$ Mn)
9.4.2 Middle East & Africa (MEA) Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.2.1 Middle East & Africa Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.4.3 Middle East & Africa Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4 Middle East & Africa (MEA) Refractive Surgery Devices Market Forecasts and Analysis - By Country
9.4.5 South Africa Market Overview
9.4.5.1 South Africa Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.1.1 South Africa Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.4.5.2 South Africa Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.6 Saudi Arabia Market Overview
9.4.6.1 Saudi Arabia Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.1.1 Saudi Arabia Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.4.6.2 Saudi Arabia Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.7 UAE Market Overview
9.4.7.1 UAE Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.1.1 UAE Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.4.7.2 UAE Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5 SOUTH AND CENTRAL AMERICA REFRACTIVE SURGERY DEVICES MARKET
9.5.1 South and Central America Refractive Surgery Devices Market Forecasts and Analysis (US$ Mn)
9.5.2 South and Central America Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.2.1 South and Central America Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.5.3 South and Central America Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4 South and Central America Refractive Surgery Devices Market Forecasts and Analysis - By Country
9.5.5 Brazil Market Overview
9.5.5.1 Brazil Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.1.1 Brazil Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.5.5.2 Brazil Refractive Surgery Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5.6 Argentina Market Overview
9.5.6.1 Argentina Refractive Surgery Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.6.1.1 Argentina Ophthalmology Lasers Market Forecasts and Analysis - By Type (US$ Mn)
9.5.6.2 Argentina Refractive Surgery Devices Market Forecasts and Analysis - By End User (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. REFRACTIVE SURGERY DEVICES MARKET, KEY COMPANY PROFILES
11.1 CARL ZEISS MEDICTEC AG
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 ALCON
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 BAUSCH & LOMB INCORPORATED
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 ELLEX MEDICAL
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 NIDEK CO., LTD.
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 ZIEMER OPHTHALMIC SYSTEMS
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 SCHWIND EYE-TECH-SOLUTIONS
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 LUMENIS
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 IVIS TECHNOLOGIES
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 JOHNSON & JOHNSON COMPANY
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. Carl Zeiss Medictec AG
2. Alcon
3. Bausch & Lomb Incorporated
4. Ellex Medical
5. NIDEK CO., LTD.
6. Ziemer Ophthalmic Systems
7. SCHWIND eye-tech-solutions
8. Lumenis
9. iVIS Technologies
10. Johnson & Johnson Company
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.
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