Rigid Emergency Cervical Collars Market Dynamics - 2021 to 2031
The Rigid Emergency Cervical Collars Market is expected to register a CAGR of 4.6% 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 Products (Cervical Radiculopathy, Traumatic head or neck injuries, Whiplash and therapeutic usage and others); and End users (Adults and childrens). 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 Rigid Emergency Cervical Collars 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.
Rigid Emergency Cervical Collars Market Segmentation
Products- Cervical Radiculopathy
- Traumatic head or neck injuries
- Whiplash and therapeutic usage and others
- Adults and childrens
Strategic Insights
Rigid Emergency Cervical Collars Market Growth Drivers- Increasing incidence of road accidents and trauma cases: The growing number of road accidents and associated trauma cases with neck injuries adds fuel for the emergency rigid cervical collar market. These neck stabilizers are meant for immobilization while ensuring no further injury to the neck. The requirements for using these devices also increase within the ambulance, hospitals, and other medical emergencies to ensure safety during transportation.
- More awareness on prevention from cervical spine injuries: Increased awareness on the necessity for prevention of cervical spine injuries is now very prominent especially in an emergency care setting. Health professionals now acknowledge the role of rigid cervical collars in stabilizing the neck after trauma or injury. This increase in awareness is certainly favoring the demand for effective cervical collars of very high quality, as a means of ensuring proper treatment with diminished long-term complications associated with spinal injury.
- Innovations in Collar Materials and Comfort: Advancements in rigid emergency cervical collar materials are the basis for growth in the market. Manufacturers have been concentrating on light and very comfortable adjustable collars while ensuring a rigidity that is adequate to give support. These do improve patient's compliance and bring them comfort, more so when they are during transport or initial treatment, which has positively increased the pace of modernized cervical collar delivery across medical facilities and emergency service usage point.
- Increased Focus on Lightweight and Adjustable Designs: Lightweight and flexible design configurations are stylish nowadays for rigid emergency cervical collars. It is significant for manufacturers to consider the use of materials that give maximum support with minimal weight, hence making it easy for the healthcare provider to apply and for the patient to tolerate. Adjustable designs give a close fit and improve comfort and effectiveness in emergency settings.
- Adoption of Disposable and Hygienic Collars: Disposable rigid emergency cervical collars- these are coming up very quickly in hospitals. These collars provide a much cleaner system and minimize cross-contamination. Disposable collars, as contamination becomes a serious concern in hospitals and emergency facilities, are thus being used more because they are convenient, safe and they keep their sterility during use.
- Intelligent Integration for Monitoring: Within the new trend in rigid emergency cervical collars intelligent technologies are built in. Some types of cervical collars now integrate sensors to remind the health care provider about the application of the collar when movement is sensed or when further adjustments may be required. Smart cervical collars are meant to cater for the wellbeing of the patient and enhancement of immobilization before they are moved for treatment in emergencies.
- Expansion in Developing Regions: There is a vast opportunity for growth in the rigid emergency cervical collar market in developing regions. The increasing awareness towards the prevention of spinal injury along with growing health infrastructure, makes the demand for effective cervical collars that are inexpensive rise. Manufacturers can reach out to these regions and expand their presence by providing cost-effective solutions to these regions' needs.
- Development of Multi-Functional Collars: An opportunity exists in the development of multi-functional rigid emergency cervical collars that can have additional features such as built-in head supports or integrated temperature regulation. Such innovative designs can enhance the comfort and immobilization of patients and therefore improve the treatment outcome. By incorporating functionality with comfort, manufacturers can reach a wider market and offer more versatile solutions for emergency care providers.
- Partnerships with Emergency Medical Services (EMS): The rigid emergency cervical collars will present opportunities for manufacturers to collaborate with the EMS and ambulance providers so that the product will become an integral part of standard equipment in pre-hospital care. Specialized products with requirements that meet the special needs of EMS, for instance, lightweight and easy-to-apply collars, may contribute to stronger market positioning as well as a higher level of acceptance by end-users.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Rigid Emergency Cervical Collars 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 Rigid Emergency Cervical Collars 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Ambu A/S, Össur, Thuasne SAS, Bird and Cronin, B.u.W. Schmidt GmbH, Ferno (UK) Ltd, BioMatrix Intemational accounting for higesh market shares and are some of the major players operating in the market
The Traumatic head or neck injuries segment accounts for highest revenue in product the Rigid Emergency Cervical Collars Market marekt in 2023
Asia Pacific region dominated the Rigid Emergency Cervical Collars Market in 2023
The Rigid Emergency Cervical Collars Market is estimated to witness a CAGR of 4.6% from 2023 to 2031
The major factors driving the Rigid Emergency Cervical Collars Market are:
1. Increasing incidence of road accidents and trauma cases
2. More awareness on prevention from cervical spine injuries
3. Innovations in Collar Materials and Comfort
North America region dominated the Rigid Emergency Cervical Collars Market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Rigid Emergency Cervical Collars Market - By Application
1.3.2 Rigid Emergency Cervical Collars Market - By End users
1.3.3 Rigid Emergency Cervical Collars Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RIGID EMERGENCY CERVICAL COLLARS 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. RIGID EMERGENCY CERVICAL COLLARS 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. RIGID EMERGENCY CERVICAL COLLARS MARKET - GLOBAL MARKET ANALYSIS
6.1. RIGID EMERGENCY CERVICAL COLLARS - GLOBAL MARKET OVERVIEW
6.2. RIGID EMERGENCY CERVICAL COLLARS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RIGID EMERGENCY CERVICAL COLLARS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. CERVICAL RADICULOPATHY
7.3.1. Overview
7.3.2. Cervical Radiculopathy Market Forecast and Analysis
7.4. TRAUMATIC HEAD OR NECK INJURIES
7.4.1. Overview
7.4.2. Traumatic Head or Neck Injuries Market Forecast and Analysis
7.5. WHIPLASH AND THERAPEUTIC USAGE
7.5.1. Overview
7.5.2. Whiplash and Therapeutic Usage Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. RIGID EMERGENCY CERVICAL COLLARS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. ADULTS
8.3.1. Overview
8.3.2. Adults Market Forecast and Analysis
8.4. CHILDRENS
8.4.1. Overview
8.4.2. Childrens Market Forecast and Analysis
9. RIGID EMERGENCY CERVICAL COLLARS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Rigid Emergency Cervical Collars Market Overview
9.1.2 North America Rigid Emergency Cervical Collars Market Forecasts and Analysis
9.1.3 North America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Application
9.1.4 North America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By End users
9.1.5 North America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Countries
9.1.5.1 United States Rigid Emergency Cervical Collars Market
9.1.5.1.1 United States Rigid Emergency Cervical Collars Market by Application
9.1.5.1.2 United States Rigid Emergency Cervical Collars Market by End users
9.1.5.2 Canada Rigid Emergency Cervical Collars Market
9.1.5.2.1 Canada Rigid Emergency Cervical Collars Market by Application
9.1.5.2.2 Canada Rigid Emergency Cervical Collars Market by End users
9.1.5.3 Mexico Rigid Emergency Cervical Collars Market
9.1.5.3.1 Mexico Rigid Emergency Cervical Collars Market by Application
9.1.5.3.2 Mexico Rigid Emergency Cervical Collars Market by End users
9.2. EUROPE
9.2.1 Europe Rigid Emergency Cervical Collars Market Overview
9.2.2 Europe Rigid Emergency Cervical Collars Market Forecasts and Analysis
9.2.3 Europe Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Application
9.2.4 Europe Rigid Emergency Cervical Collars Market Forecasts and Analysis - By End users
9.2.5 Europe Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Rigid Emergency Cervical Collars Market
9.2.5.1.1 Germany Rigid Emergency Cervical Collars Market by Application
9.2.5.1.2 Germany Rigid Emergency Cervical Collars Market by End users
9.2.5.2 France Rigid Emergency Cervical Collars Market
9.2.5.2.1 France Rigid Emergency Cervical Collars Market by Application
9.2.5.2.2 France Rigid Emergency Cervical Collars Market by End users
9.2.5.3 Italy Rigid Emergency Cervical Collars Market
9.2.5.3.1 Italy Rigid Emergency Cervical Collars Market by Application
9.2.5.3.2 Italy Rigid Emergency Cervical Collars Market by End users
9.2.5.4 Spain Rigid Emergency Cervical Collars Market
9.2.5.4.1 Spain Rigid Emergency Cervical Collars Market by Application
9.2.5.4.2 Spain Rigid Emergency Cervical Collars Market by End users
9.2.5.5 United Kingdom Rigid Emergency Cervical Collars Market
9.2.5.5.1 United Kingdom Rigid Emergency Cervical Collars Market by Application
9.2.5.5.2 United Kingdom Rigid Emergency Cervical Collars Market by End users
9.2.5.6 Rest of Europe Rigid Emergency Cervical Collars Market
9.2.5.6.1 Rest of Europe Rigid Emergency Cervical Collars Market by Application
9.2.5.6.2 Rest of Europe Rigid Emergency Cervical Collars Market by End users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Rigid Emergency Cervical Collars Market Overview
9.3.2 Asia-Pacific Rigid Emergency Cervical Collars Market Forecasts and Analysis
9.3.3 Asia-Pacific Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Rigid Emergency Cervical Collars Market Forecasts and Analysis - By End users
9.3.5 Asia-Pacific Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Rigid Emergency Cervical Collars Market
9.3.5.1.1 Australia Rigid Emergency Cervical Collars Market by Application
9.3.5.1.2 Australia Rigid Emergency Cervical Collars Market by End users
9.3.5.2 China Rigid Emergency Cervical Collars Market
9.3.5.2.1 China Rigid Emergency Cervical Collars Market by Application
9.3.5.2.2 China Rigid Emergency Cervical Collars Market by End users
9.3.5.3 India Rigid Emergency Cervical Collars Market
9.3.5.3.1 India Rigid Emergency Cervical Collars Market by Application
9.3.5.3.2 India Rigid Emergency Cervical Collars Market by End users
9.3.5.4 Japan Rigid Emergency Cervical Collars Market
9.3.5.4.1 Japan Rigid Emergency Cervical Collars Market by Application
9.3.5.4.2 Japan Rigid Emergency Cervical Collars Market by End users
9.3.5.5 South Korea Rigid Emergency Cervical Collars Market
9.3.5.5.1 South Korea Rigid Emergency Cervical Collars Market by Application
9.3.5.5.2 South Korea Rigid Emergency Cervical Collars Market by End users
9.3.5.6 Rest of Asia-Pacific Rigid Emergency Cervical Collars Market
9.3.5.6.1 Rest of Asia-Pacific Rigid Emergency Cervical Collars Market by Application
9.3.5.6.2 Rest of Asia-Pacific Rigid Emergency Cervical Collars Market by End users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Rigid Emergency Cervical Collars Market Overview
9.4.2 Middle East and Africa Rigid Emergency Cervical Collars Market Forecasts and Analysis
9.4.3 Middle East and Africa Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Rigid Emergency Cervical Collars Market Forecasts and Analysis - By End users
9.4.5 Middle East and Africa Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Rigid Emergency Cervical Collars Market
9.4.5.1.1 South Africa Rigid Emergency Cervical Collars Market by Application
9.4.5.1.2 South Africa Rigid Emergency Cervical Collars Market by End users
9.4.5.2 Saudi Arabia Rigid Emergency Cervical Collars Market
9.4.5.2.1 Saudi Arabia Rigid Emergency Cervical Collars Market by Application
9.4.5.2.2 Saudi Arabia Rigid Emergency Cervical Collars Market by End users
9.4.5.3 U.A.E Rigid Emergency Cervical Collars Market
9.4.5.3.1 U.A.E Rigid Emergency Cervical Collars Market by Application
9.4.5.3.2 U.A.E Rigid Emergency Cervical Collars Market by End users
9.4.5.4 Rest of Middle East and Africa Rigid Emergency Cervical Collars Market
9.4.5.4.1 Rest of Middle East and Africa Rigid Emergency Cervical Collars Market by Application
9.4.5.4.2 Rest of Middle East and Africa Rigid Emergency Cervical Collars Market by End users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Rigid Emergency Cervical Collars Market Overview
9.5.2 South and Central America Rigid Emergency Cervical Collars Market Forecasts and Analysis
9.5.3 South and Central America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Application
9.5.4 South and Central America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By End users
9.5.5 South and Central America Rigid Emergency Cervical Collars Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Rigid Emergency Cervical Collars Market
9.5.5.1.1 Brazil Rigid Emergency Cervical Collars Market by Application
9.5.5.1.2 Brazil Rigid Emergency Cervical Collars Market by End users
9.5.5.2 Argentina Rigid Emergency Cervical Collars Market
9.5.5.2.1 Argentina Rigid Emergency Cervical Collars Market by Application
9.5.5.2.2 Argentina Rigid Emergency Cervical Collars Market by End users
9.5.5.3 Rest of South and Central America Rigid Emergency Cervical Collars Market
9.5.5.3.1 Rest of South and Central America Rigid Emergency Cervical Collars Market by Application
9.5.5.3.2 Rest of South and Central America Rigid Emergency Cervical Collars Market by End users
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RIGID EMERGENCY CERVICAL COLLARS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. RIGID EMERGENCY CERVICAL COLLARS MARKET, KEY COMPANY PROFILES
12.1. AMBU A/S
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. ÖSSUR
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. THUASNE SAS
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. BIRD AND CRONIN
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. B.U.W. SCHMIDT GMBH
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. FERNO (UK) LTD
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. BIOMATRIX INTERNATIONAL
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. LAERDAL
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. ME.BER. SRL UNIPERSONALE
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. OSCAR BOSCAROL
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. Ambu A/S
2. Össur
3. Thuasne SAS
4. Bird and Cronin
5. B.u.W. Schmidt GmbH
6. Ferno (UK) Ltd
7. BioMatrix International
8. Laerdal
9. Me.Ber. srl Unipersonale
10. Oscar Boscarol
11. Arden Medikal
12. Aspen Medical Products
13. Ballert Orthopedic
14. BASKO Healthcare
15. Becker Orthopedic
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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