Sacral Nerve Stimulation Device Professional Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A sacral nerve stimulator device professional is a small transmitter placed under the skin in the upper buttock area. It delivers gentle electric impulses through a probe (a thin wire) that is placed near the sacral nerve. The technology works similar to a pacemaker, but instead of regulating a person's heartbeat, it stimulates the bowel, sphincter, and bladder muscles to function normally.
MARKET SCOPE
The "Global Sacral Nerve Stimulation Device Professional Market Analysis to 2031" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the sacral nerve stimulation device professional market and detailed market segmentation based on product type and application. Additionally, the report offers key statistics on the market status of the leading sacral nerve stimulation device professional market players and key market trends and opportunities.
MARKET SEGMENTATION
By type, the market is segmented as implantable SNS devices and external SNS devices.
Based on application, the market is segregated as hospitals, clinics, and ambulatory surgical centers.
MARKET DYNAMICS
Drivers-
The rising prevalence of constipation, fecal incontinence, and urinary incontinence raises demand for the global Sacral Nerve Stimulation Device Professional professional market.
Technological advancement is the most influential factor responsible for the market’s overall growth.
Restraints-
Device-related complications are shared among the patients restraining the market from growing exponentially.
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's sacral nerve stimulation device professional market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the sacral nerve stimulation device professional market in these regions.
Impact of COVID-19 on Sacral Nerve Stimulation Device Professional Market
The overall healthcare system faced several challenges during the onset of the pandemic. The pandemic resulted in several changes in healthcare, with treatment priority given to those with urgent medical conditions. The majority of the SNM implanted patients reported no effect on their conditions (43.5%) during the pandemic however programming was a significant problem in 14% of the patients. During the stringent lockdown period, no patients developed any erosion, infection, or electrode issues as it was managed through recommendations by telemedicine and virtual clinics, which was the hospital’s priority towards the patient group. Such factors have stimulated the demand for SNS medical device professional market.
KEY
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The report offers a comprehensive overview of the industry, including qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's sacral nerve stimulation device professional market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the sacral nerve stimulation device professional market in these regions.
Impact of COVID-19 on Sacral Nerve Stimulation Device Professional Market
The overall healthcare system faced several challenges during the onset of the pandemic. The pandemic resulted in several changes in healthcare, with treatment priority given to those with urgent medical conditions. The majority of the SNM implanted patients reported no effect on their conditions (43.5%) during the pandemic however programming was a significant problem in 14% of the patients. During the stringent lockdown period, no patients developed any erosion, infection, or electrode issues as it was managed through recommendations by telemedicine and virtual clinics, which was the hospital’s priority towards the patient group. Such factors have stimulated the demand for SNS medical device professional market.
KEY MARKET PLAYERS
The report covers key developments in the Sacral Nerve Stimulation Device Professional market with a focus on two primary strategies such as organic and inorganic growth strategies. Various companies focus on organic growth strategies that include new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities typically include strategic acquisitions and partnerships & collaborations between the companies. These activities have paved the way for expanding the business and customer base of market players. The market payers from the sacral nerve stimulation device professional market are anticipated to lucrative growth opportunities in the future with the rising demand for sacral nerve stimulation device professionals in the global market.
The report includes critical companies’ profiles, SWOT analysis, and market strategies for the sacral nerve stimulation device professional market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, and the critical development in the past five years.
- Medtronic plc
- Axonics, Inc.
- Laborie
- Boston Scientific Corporation
- St. Jude Medical, Inc.
- Neuropace, Inc.
- Abbott Laboratories
- NEVRO CORP
- LivaNova, PLC
- Synapse Biomedical 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 current 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
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 Sacral Nerve Stimulation Devices Professional Market - By Type
1.3.2 Sacral Nerve Stimulation Devices Professional Market - By Application
1.3.3 Sacral Nerve Stimulation Devices Professional Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL 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. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL 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. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL MARKET - GLOBAL MARKET ANALYSIS
6.1. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL - GLOBAL MARKET OVERVIEW
6.2. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMPLANTABLE SNS DEVICES
7.3.1. Overview
7.3.2. Implantable SNS Devices Market Forecast and Analysis
7.4. EXTERNAL SNS DEVICES
7.4.1. Overview
7.4.2. External SNS Devices Market Forecast and Analysis
8. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sacral Nerve Stimulation Devices Professional Market Overview
9.1.2 North America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis
9.1.3 North America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Type
9.1.4 North America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Application
9.1.5 North America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sacral Nerve Stimulation Devices Professional Market
9.1.5.1.1 United States Sacral Nerve Stimulation Devices Professional Market by Type
9.1.5.1.2 United States Sacral Nerve Stimulation Devices Professional Market by Application
9.1.5.2 Canada Sacral Nerve Stimulation Devices Professional Market
9.1.5.2.1 Canada Sacral Nerve Stimulation Devices Professional Market by Type
9.1.5.2.2 Canada Sacral Nerve Stimulation Devices Professional Market by Application
9.1.5.3 Mexico Sacral Nerve Stimulation Devices Professional Market
9.1.5.3.1 Mexico Sacral Nerve Stimulation Devices Professional Market by Type
9.1.5.3.2 Mexico Sacral Nerve Stimulation Devices Professional Market by Application
9.2. EUROPE
9.2.1 Europe Sacral Nerve Stimulation Devices Professional Market Overview
9.2.2 Europe Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis
9.2.3 Europe Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Type
9.2.4 Europe Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Application
9.2.5 Europe Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sacral Nerve Stimulation Devices Professional Market
9.2.5.1.1 Germany Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.1.2 Germany Sacral Nerve Stimulation Devices Professional Market by Application
9.2.5.2 France Sacral Nerve Stimulation Devices Professional Market
9.2.5.2.1 France Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.2.2 France Sacral Nerve Stimulation Devices Professional Market by Application
9.2.5.3 Italy Sacral Nerve Stimulation Devices Professional Market
9.2.5.3.1 Italy Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.3.2 Italy Sacral Nerve Stimulation Devices Professional Market by Application
9.2.5.4 Spain Sacral Nerve Stimulation Devices Professional Market
9.2.5.4.1 Spain Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.4.2 Spain Sacral Nerve Stimulation Devices Professional Market by Application
9.2.5.5 United Kingdom Sacral Nerve Stimulation Devices Professional Market
9.2.5.5.1 United Kingdom Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.5.2 United Kingdom Sacral Nerve Stimulation Devices Professional Market by Application
9.2.5.6 Rest of Europe Sacral Nerve Stimulation Devices Professional Market
9.2.5.6.1 Rest of Europe Sacral Nerve Stimulation Devices Professional Market by Type
9.2.5.6.2 Rest of Europe Sacral Nerve Stimulation Devices Professional Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sacral Nerve Stimulation Devices Professional Market Overview
9.3.2 Asia-Pacific Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis
9.3.3 Asia-Pacific Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sacral Nerve Stimulation Devices Professional Market
9.3.5.1.1 Australia Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.1.2 Australia Sacral Nerve Stimulation Devices Professional Market by Application
9.3.5.2 China Sacral Nerve Stimulation Devices Professional Market
9.3.5.2.1 China Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.2.2 China Sacral Nerve Stimulation Devices Professional Market by Application
9.3.5.3 India Sacral Nerve Stimulation Devices Professional Market
9.3.5.3.1 India Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.3.2 India Sacral Nerve Stimulation Devices Professional Market by Application
9.3.5.4 Japan Sacral Nerve Stimulation Devices Professional Market
9.3.5.4.1 Japan Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.4.2 Japan Sacral Nerve Stimulation Devices Professional Market by Application
9.3.5.5 South Korea Sacral Nerve Stimulation Devices Professional Market
9.3.5.5.1 South Korea Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.5.2 South Korea Sacral Nerve Stimulation Devices Professional Market by Application
9.3.5.6 Rest of Asia-Pacific Sacral Nerve Stimulation Devices Professional Market
9.3.5.6.1 Rest of Asia-Pacific Sacral Nerve Stimulation Devices Professional Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sacral Nerve Stimulation Devices Professional Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sacral Nerve Stimulation Devices Professional Market Overview
9.4.2 Middle East and Africa Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis
9.4.3 Middle East and Africa Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sacral Nerve Stimulation Devices Professional Market
9.4.5.1.1 South Africa Sacral Nerve Stimulation Devices Professional Market by Type
9.4.5.1.2 South Africa Sacral Nerve Stimulation Devices Professional Market by Application
9.4.5.2 Saudi Arabia Sacral Nerve Stimulation Devices Professional Market
9.4.5.2.1 Saudi Arabia Sacral Nerve Stimulation Devices Professional Market by Type
9.4.5.2.2 Saudi Arabia Sacral Nerve Stimulation Devices Professional Market by Application
9.4.5.3 U.A.E Sacral Nerve Stimulation Devices Professional Market
9.4.5.3.1 U.A.E Sacral Nerve Stimulation Devices Professional Market by Type
9.4.5.3.2 U.A.E Sacral Nerve Stimulation Devices Professional Market by Application
9.4.5.4 Rest of Middle East and Africa Sacral Nerve Stimulation Devices Professional Market
9.4.5.4.1 Rest of Middle East and Africa Sacral Nerve Stimulation Devices Professional Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sacral Nerve Stimulation Devices Professional Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sacral Nerve Stimulation Devices Professional Market Overview
9.5.2 South and Central America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis
9.5.3 South and Central America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sacral Nerve Stimulation Devices Professional Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sacral Nerve Stimulation Devices Professional Market
9.5.5.1.1 Brazil Sacral Nerve Stimulation Devices Professional Market by Type
9.5.5.1.2 Brazil Sacral Nerve Stimulation Devices Professional Market by Application
9.5.5.2 Argentina Sacral Nerve Stimulation Devices Professional Market
9.5.5.2.1 Argentina Sacral Nerve Stimulation Devices Professional Market by Type
9.5.5.2.2 Argentina Sacral Nerve Stimulation Devices Professional Market by Application
9.5.5.3 Rest of South and Central America Sacral Nerve Stimulation Devices Professional Market
9.5.5.3.1 Rest of South and Central America Sacral Nerve Stimulation Devices Professional Market by Type
9.5.5.3.2 Rest of South and Central America Sacral Nerve Stimulation Devices Professional Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SACRAL NERVE STIMULATION DEVICES PROFESSIONAL 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. SACRAL NERVE STIMULATION DEVICES PROFESSIONAL MARKET, KEY COMPANY PROFILES
12.1. MEDTRONIC PLC
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. AXONICS, INC.
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. LABORIE
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. BOSTON SCIENTIFIC CORPORATION
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. ST. JUDE MEDICAL, INC.
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. NEUROPACE, INC.
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. ABBOTT LABORATORIES
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. NEVRO CORP
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. LIVANOVA, PLC
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. SYNAPSE BIOMEDICAL 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. Medtronic plc
2. Axonics, Inc.
3. Laborie
4. Boston Scientific Corporation
5. St. Jude Medical, Inc.
6. Neuropace, Inc.
7. Abbott Laboratories
8. NEVRO CORP
9. LivaNova, PLC
10. Synapse Biomedical 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.