Remote Electrocardiogram Monitoring Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The systems consist of 3 major components: (1) a mobile gateway, deployed on the patient's mobile device, that receives 12-lead ECG signals from an ECG sensor; (2) a remote server component that hosts algorithms for accurate annotation and analysis of the ECG signal, and (3) a point-of-care device for the help to receive a diagnostic report from the server based on the analysis of the ECG signals. The wireless physiological information collection nodes of the wearable network will be connected to the patient's portable terminal, such as a personal digital assistant (PDA), smartphone, or other communication devices, to send data. At the same time, it will also be capable of uploads, backup, analysis, and feedback of data to a remote medical service center through the internet or mobile communications network. Remote electrocardiogram monitoring significantly shortened outpatient wait times and times to notification of events.
MARKET DYNAMICS
Factors driving the growth of the remote electrocardiogram monitoring market are the benefits such as prompt medical attention, time saving and cost effectiveness, coupled with rising healthcare spending. However, the high cost of vegetarian remote electrocardiogram monitoring is expected to hamper the growth of the market. Moreover, ageing population and rising cardiovascular disease is anticipated to boost the market growth.
MARKET SCOPE
The "Remote Electrocardiogram Monitoring Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of remote electrocardiogram monitoring market with detailed market segmentation by product type and application. The remote electrocardiogram monitoring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in remote electrocardiogram monitoring market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The remote electrocardiogram monitoring market is segmented on the basis of product type and application. Based on product type, the market is segmented as CRT with remote electrocardiogram monitoring, ICD CRT-D with remote electrocardiogram monitoring, and others. On the basis of application, the market is categorized as personal use, hospital use, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the remote electrocardiogram monitoring market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The remote electrocardiogram monitoring 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 remote electrocardiogram monitoring market from both demand and supply side and further evaluates market dynamics affecting the market during 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 remote electrocardiogram monitoring market in these regions.
![World Geography](https://www.theinsightpartners.com/assets/rdimages/world-geography.png)
Have a question?
![Analyst](https://www.theinsightpartners.com/assets/mrinal_kerhalkar.jpg)
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the remote electrocardiogram monitoring market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The remote electrocardiogram monitoring 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 remote electrocardiogram monitoring market from both demand and supply side and further evaluates market dynamics affecting the market during 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 remote electrocardiogram monitoring market in these regions.
MARKET PLAYERS
The report covers key developments in the remote electrocardiogram monitoring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from remote electrocardiogram monitoring market are anticipated to have lucrative growth opportunities in the future with the rising demand for remote electrocardiogram monitoring in the global market. Below mentioned is the list of few companies engaged in the remote electrocardiogram monitoring market.
The report also includes the profiles of key players in remote electrocardiogram monitoring market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Huntleigh Healthcare
- GE Healthcare
- Intelesens Technologies
- iRhythm
- Labtech
- MD Biomedical
- Kalamed
- Labtech
- Jiangsu Konsung Medical Equipment
- LifeWatch Services, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- 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](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Remote Electrocardiogram Monitoring Market - By Product Type
1.3.2 Remote Electrocardiogram Monitoring Market - By Application
1.3.3 Remote Electrocardiogram Monitoring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REMOTE ELECTROCARDIOGRAM MONITORING MARKET LANDSCAPE
4.1. 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 and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. REMOTE ELECTROCARDIOGRAM MONITORING MARKET - KEY MARKET 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 AND RESTRAINTS
6. REMOTE ELECTROCARDIOGRAM MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. REMOTE ELECTROCARDIOGRAM MONITORING - GLOBAL MARKET OVERVIEW
6.2. REMOTE ELECTROCARDIOGRAM MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REMOTE ELECTROCARDIOGRAM MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CRT WITH REMOTE ELECTROCARDIOGRAM MONITORING
7.3.1. Overview
7.3.2. CRT with Remote Electrocardiogram Monitoring Market Forecast and Analysis
7.4. ICD CRT-D WITH REMOTE ELECTROCARDIOGRAM MONITORING
7.4.1. Overview
7.4.2. ICD CRT-D with Remote Electrocardiogram Monitoring Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. REMOTE ELECTROCARDIOGRAM MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PERSONAL USE
8.3.1. Overview
8.3.2. Personal Use Market Forecast and Analysis
8.4. HOSPITAL USE
8.4.1. Overview
8.4.2. Hospital Use Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. REMOTE ELECTROCARDIOGRAM MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Remote Electrocardiogram Monitoring Market Overview
9.1.2 North America Remote Electrocardiogram Monitoring Market Forecasts and Analysis
9.1.3 North America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Product Type
9.1.4 North America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Application
9.1.5 North America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Countries
9.1.5.1 United States Remote Electrocardiogram Monitoring Market
9.1.5.1.1 United States Remote Electrocardiogram Monitoring Market by Product Type
9.1.5.1.2 United States Remote Electrocardiogram Monitoring Market by Application
9.1.5.2 Canada Remote Electrocardiogram Monitoring Market
9.1.5.2.1 Canada Remote Electrocardiogram Monitoring Market by Product Type
9.1.5.2.2 Canada Remote Electrocardiogram Monitoring Market by Application
9.1.5.3 Mexico Remote Electrocardiogram Monitoring Market
9.1.5.3.1 Mexico Remote Electrocardiogram Monitoring Market by Product Type
9.1.5.3.2 Mexico Remote Electrocardiogram Monitoring Market by Application
9.1.5.4 US Remote Electrocardiogram Monitoring Market
9.1.5.4.1 US Remote Electrocardiogram Monitoring Market by Product Type
9.1.5.4.2 US Remote Electrocardiogram Monitoring Market by Application
9.2. EUROPE
9.2.1 Europe Remote Electrocardiogram Monitoring Market Overview
9.2.2 Europe Remote Electrocardiogram Monitoring Market Forecasts and Analysis
9.2.3 Europe Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Product Type
9.2.4 Europe Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Application
9.2.5 Europe Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Remote Electrocardiogram Monitoring Market
9.2.5.1.1 Germany Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.1.2 Germany Remote Electrocardiogram Monitoring Market by Application
9.2.5.2 France Remote Electrocardiogram Monitoring Market
9.2.5.2.1 France Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.2.2 France Remote Electrocardiogram Monitoring Market by Application
9.2.5.3 Italy Remote Electrocardiogram Monitoring Market
9.2.5.3.1 Italy Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.3.2 Italy Remote Electrocardiogram Monitoring Market by Application
9.2.5.4 Spain Remote Electrocardiogram Monitoring Market
9.2.5.4.1 Spain Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.4.2 Spain Remote Electrocardiogram Monitoring Market by Application
9.2.5.5 United Kingdom Remote Electrocardiogram Monitoring Market
9.2.5.5.1 United Kingdom Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.5.2 United Kingdom Remote Electrocardiogram Monitoring Market by Application
9.2.5.6 Rest of Europe Remote Electrocardiogram Monitoring Market
9.2.5.6.1 Rest of Europe Remote Electrocardiogram Monitoring Market by Product Type
9.2.5.6.2 Rest of Europe Remote Electrocardiogram Monitoring Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Remote Electrocardiogram Monitoring Market Overview
9.3.2 Asia-Pacific Remote Electrocardiogram Monitoring Market Forecasts and Analysis
9.3.3 Asia-Pacific Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Remote Electrocardiogram Monitoring Market
9.3.5.1.1 Australia Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.1.2 Australia Remote Electrocardiogram Monitoring Market by Application
9.3.5.2 China Remote Electrocardiogram Monitoring Market
9.3.5.2.1 China Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.2.2 China Remote Electrocardiogram Monitoring Market by Application
9.3.5.3 India Remote Electrocardiogram Monitoring Market
9.3.5.3.1 India Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.3.2 India Remote Electrocardiogram Monitoring Market by Application
9.3.5.4 Japan Remote Electrocardiogram Monitoring Market
9.3.5.4.1 Japan Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.4.2 Japan Remote Electrocardiogram Monitoring Market by Application
9.3.5.5 South Korea Remote Electrocardiogram Monitoring Market
9.3.5.5.1 South Korea Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.5.2 South Korea Remote Electrocardiogram Monitoring Market by Application
9.3.5.6 Rest of Asia-Pacific Remote Electrocardiogram Monitoring Market
9.3.5.6.1 Rest of Asia-Pacific Remote Electrocardiogram Monitoring Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Remote Electrocardiogram Monitoring Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Remote Electrocardiogram Monitoring Market Overview
9.4.2 Middle East and Africa Remote Electrocardiogram Monitoring Market Forecasts and Analysis
9.4.3 Middle East and Africa Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Remote Electrocardiogram Monitoring Market
9.4.5.1.1 South Africa Remote Electrocardiogram Monitoring Market by Product Type
9.4.5.1.2 South Africa Remote Electrocardiogram Monitoring Market by Application
9.4.5.2 Saudi Arabia Remote Electrocardiogram Monitoring Market
9.4.5.2.1 Saudi Arabia Remote Electrocardiogram Monitoring Market by Product Type
9.4.5.2.2 Saudi Arabia Remote Electrocardiogram Monitoring Market by Application
9.4.5.3 U.A.E Remote Electrocardiogram Monitoring Market
9.4.5.3.1 U.A.E Remote Electrocardiogram Monitoring Market by Product Type
9.4.5.3.2 U.A.E Remote Electrocardiogram Monitoring Market by Application
9.4.5.4 Rest of Middle East and Africa Remote Electrocardiogram Monitoring Market
9.4.5.4.1 Rest of Middle East and Africa Remote Electrocardiogram Monitoring Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Remote Electrocardiogram Monitoring Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Remote Electrocardiogram Monitoring Market Overview
9.5.2 South and Central America Remote Electrocardiogram Monitoring Market Forecasts and Analysis
9.5.3 South and Central America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Application
9.5.5 South and Central America Remote Electrocardiogram Monitoring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Remote Electrocardiogram Monitoring Market
9.5.5.1.1 Brazil Remote Electrocardiogram Monitoring Market by Product Type
9.5.5.1.2 Brazil Remote Electrocardiogram Monitoring Market by Application
9.5.5.2 Argentina Remote Electrocardiogram Monitoring Market
9.5.5.2.1 Argentina Remote Electrocardiogram Monitoring Market by Product Type
9.5.5.2.2 Argentina Remote Electrocardiogram Monitoring Market by Application
9.5.5.3 Rest of South and Central America Remote Electrocardiogram Monitoring Market
9.5.5.3.1 Rest of South and Central America Remote Electrocardiogram Monitoring Market by Product Type
9.5.5.3.2 Rest of South and Central America Remote Electrocardiogram Monitoring Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL REMOTE ELECTROCARDIOGRAM MONITORING MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. REMOTE ELECTROCARDIOGRAM MONITORING MARKET, KEY COMPANY PROFILES
12.1. HUNTLEIGH HEALTHCARE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. GE HEALTHCARE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INTELESENS TECHNOLOGIES
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. IRHYTHM
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. LABTECH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MD BIOMEDICAL
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. KALAMED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LABTECH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. JIANGSU KONSUNG MEDICAL EQUIPMENT
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. LIFEWATCH SERVICES, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Huntleigh Healthcare
2. GE Healthcare
3. Intelesens Technologies
4. iRhythm
5. Labtech
6. MD Biomedical
7. Kalamed
8. Labtech
9. Jiangsu Konsung Medical Equipment
10. LifeWatch Services, Inc.
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.