Self-Glucose Monitoring Market Size and Share: 2031 Key Findings
The Self-Glucose Monitoring Market is expected to register a CAGR of 10.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Test strips, Lancets, Blood Glucose Meters). The report is further segmented based on Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes). Futher, it is segmented based on End-user (Homes, Hospitals, Diagnostic Centers). 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 Self-Glucose Monitoring 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.
Self-Glucose Monitoring Market Segmentation
Product- Test strips
- Lancets
- Blood Glucose Meters
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
- Homes
- Hospitals
- Diagnostic Centers
Strategic Insights
Self-Glucose Monitoring Market Growth Drivers- Increasing Prevalence of Diabetes: The growing prevalence of diabetes throughout the world is raising the demand for self-glucose monitoring devices among patients who will be able to control their condition properly for better health results.
- Advancements in Technology: Improvements in biosensors, mobile health applications, and continuous glucose monitoring systems are leading to more user-friendly technology and increased adoption of self-monitoring devices among diabetes patients.
- Patient Empowerment: Awareness of the importance of self-management in diabetes care has been increasing, thereby urging patients to take responsibility for their health and thus driving the demand for glucose monitoring solutions.
- Integration with Wearable Technology: The incorporation of glucose monitoring with wearable devices is increasing, especially with the availability of real-time data tracking and integration within daily health routines.
- Telemedicine Growth: Telemedicine is on the rise, enabling remote monitoring and consultation, making self-glucose monitoring easier and more convenient for the patient, even in underserved areas.
- Artificial Intelligence Applications: AI and machine learning are being integrated into glucose monitoring applications, giving users individual insights and predictive analytics for better management and treatment options for diabetes.
- Supportive Government Initiatives: Several governments have formulated policies and funding programs for diabetes management. This is driving growth in the self-glucose monitoring market because of increased accessibility and affordability.
- Focus on Preventive Healthcare: Greater attention to preventive care drives increased interest in self-glucose monitoring, as individuals look for proactive measures to manage blood sugar levels to reduce the risk of diabetes.
- Non-invasive Technologies: Development in non-invasive glucose monitoring technologies can also serve as a new market door for companies by appealing to patients seeking painless and convenient alternatives to traditional finger-prick tests.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Self-Glucose Monitoring 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 Self-Glucose Monitoring 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
This text is related
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
Abbott Laboratories, F. Hoffmann-La Roche Ltd., and Bayer are some of the major players operating in the market.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global self-glucose monitoring market from 2021 to 2031, and it also determines the prevailing opportunities.
Asia Pacific region accounted for the highest CAGR in the self-glucose monitoring market.
The major factors driving the self-glucose monitoring market are:
1. Increasing Prevalence of Diabetes.
2. Patient Empowerment.
North America region dominated the self-glucose monitoring market in 2023.
The Self-Glucose Monitoring Market is estimated to witness a CAGR of 10.9% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Self-Glucose Monitoring Market - By Product
1.3.2 Self-Glucose Monitoring Market - By End-user
1.3.3 Self-Glucose Monitoring Market - By Application
1.3.4 Self-Glucose Monitoring Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SELF-GLUCOSE 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. SELF-GLUCOSE 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. SELF-GLUCOSE MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. SELF-GLUCOSE MONITORING - GLOBAL MARKET OVERVIEW
6.2. SELF-GLUCOSE MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SELF-GLUCOSE MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. TEST STRIPS
7.3.1. Overview
7.3.2. Test strips Market Forecast and Analysis
7.4. LANCETS
7.4.1. Overview
7.4.2. Lancets Market Forecast and Analysis
7.5. BLOOD GLUCOSE METERS
7.5.1. Overview
7.5.2. Blood Glucose meters Market Forecast and Analysis
8. SELF-GLUCOSE MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOMES
8.3.1. Overview
8.3.2. Homes Market Forecast and Analysis
8.4. HOSPITALS
8.4.1. Overview
8.4.2. Hospitals Market Forecast and Analysis
8.5. DIAGNOSTIC CENTERS
8.5.1. Overview
8.5.2. Diagnostic centers Market Forecast and Analysis
9. SELF-GLUCOSE MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TYPE 1 DIABETES
9.3.1. Overview
9.3.2. Type 1 Diabetes Market Forecast and Analysis
9.4. TYPE 2 DIABETES
9.4.1. Overview
9.4.2. Type 2 Diabetes Market Forecast and Analysis
9.5. GESTATIONAL DIABETES
9.5.1. Overview
9.5.2. Gestational Diabetes Market Forecast and Analysis
10. SELF-GLUCOSE MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Self-Glucose Monitoring Market Overview
10.1.2 North America Self-Glucose Monitoring Market Forecasts and Analysis
10.1.3 North America Self-Glucose Monitoring Market Forecasts and Analysis - By Product
10.1.4 North America Self-Glucose Monitoring Market Forecasts and Analysis - By End-user
10.1.5 North America Self-Glucose Monitoring Market Forecasts and Analysis - By Application
10.1.6 North America Self-Glucose Monitoring Market Forecasts and Analysis - By Countries
10.1.6.1 United States Self-Glucose Monitoring Market
10.1.6.1.1 United States Self-Glucose Monitoring Market by Product
10.1.6.1.2 United States Self-Glucose Monitoring Market by End-user
10.1.6.1.3 United States Self-Glucose Monitoring Market by Application
10.1.6.2 Canada Self-Glucose Monitoring Market
10.1.6.2.1 Canada Self-Glucose Monitoring Market by Product
10.1.6.2.2 Canada Self-Glucose Monitoring Market by End-user
10.1.6.2.3 Canada Self-Glucose Monitoring Market by Application
10.1.6.3 Mexico Self-Glucose Monitoring Market
10.1.6.3.1 Mexico Self-Glucose Monitoring Market by Product
10.1.6.3.2 Mexico Self-Glucose Monitoring Market by End-user
10.1.6.3.3 Mexico Self-Glucose Monitoring Market by Application
10.2. EUROPE
10.2.1 Europe Self-Glucose Monitoring Market Overview
10.2.2 Europe Self-Glucose Monitoring Market Forecasts and Analysis
10.2.3 Europe Self-Glucose Monitoring Market Forecasts and Analysis - By Product
10.2.4 Europe Self-Glucose Monitoring Market Forecasts and Analysis - By End-user
10.2.5 Europe Self-Glucose Monitoring Market Forecasts and Analysis - By Application
10.2.6 Europe Self-Glucose Monitoring Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Self-Glucose Monitoring Market
10.2.6.1.1 Germany Self-Glucose Monitoring Market by Product
10.2.6.1.2 Germany Self-Glucose Monitoring Market by End-user
10.2.6.1.3 Germany Self-Glucose Monitoring Market by Application
10.2.6.2 France Self-Glucose Monitoring Market
10.2.6.2.1 France Self-Glucose Monitoring Market by Product
10.2.6.2.2 France Self-Glucose Monitoring Market by End-user
10.2.6.2.3 France Self-Glucose Monitoring Market by Application
10.2.6.3 Italy Self-Glucose Monitoring Market
10.2.6.3.1 Italy Self-Glucose Monitoring Market by Product
10.2.6.3.2 Italy Self-Glucose Monitoring Market by End-user
10.2.6.3.3 Italy Self-Glucose Monitoring Market by Application
10.2.6.4 United Kingdom Self-Glucose Monitoring Market
10.2.6.4.1 United Kingdom Self-Glucose Monitoring Market by Product
10.2.6.4.2 United Kingdom Self-Glucose Monitoring Market by End-user
10.2.6.4.3 United Kingdom Self-Glucose Monitoring Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Self-Glucose Monitoring Market Overview
10.3.2 Asia-Pacific Self-Glucose Monitoring Market Forecasts and Analysis
10.3.3 Asia-Pacific Self-Glucose Monitoring Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Self-Glucose Monitoring Market Forecasts and Analysis - By End-user
10.3.5 Asia-Pacific Self-Glucose Monitoring Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Self-Glucose Monitoring Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Self-Glucose Monitoring Market
10.3.6.1.1 Australia Self-Glucose Monitoring Market by Product
10.3.6.1.2 Australia Self-Glucose Monitoring Market by End-user
10.3.6.1.3 Australia Self-Glucose Monitoring Market by Application
10.3.6.2 China Self-Glucose Monitoring Market
10.3.6.2.1 China Self-Glucose Monitoring Market by Product
10.3.6.2.2 China Self-Glucose Monitoring Market by End-user
10.3.6.2.3 China Self-Glucose Monitoring Market by Application
10.3.6.3 India Self-Glucose Monitoring Market
10.3.6.3.1 India Self-Glucose Monitoring Market by Product
10.3.6.3.2 India Self-Glucose Monitoring Market by End-user
10.3.6.3.3 India Self-Glucose Monitoring Market by Application
10.3.6.4 Japan Self-Glucose Monitoring Market
10.3.6.4.1 Japan Self-Glucose Monitoring Market by Product
10.3.6.4.2 Japan Self-Glucose Monitoring Market by End-user
10.3.6.4.3 Japan Self-Glucose Monitoring Market by Application
10.3.6.5 South Korea Self-Glucose Monitoring Market
10.3.6.5.1 South Korea Self-Glucose Monitoring Market by Product
10.3.6.5.2 South Korea Self-Glucose Monitoring Market by End-user
10.3.6.5.3 South Korea Self-Glucose Monitoring Market by Application
10.3.6.6 Rest of Asia-Pacific Self-Glucose Monitoring Market
10.3.6.6.1 Rest of Asia-Pacific Self-Glucose Monitoring Market by Product
10.3.6.6.2 Rest of Asia-Pacific Self-Glucose Monitoring Market by End-user
10.3.6.6.3 Rest of Asia-Pacific Self-Glucose Monitoring Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Self-Glucose Monitoring Market Overview
10.4.2 Middle East and Africa Self-Glucose Monitoring Market Forecasts and Analysis
10.4.3 Middle East and Africa Self-Glucose Monitoring Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Self-Glucose Monitoring Market Forecasts and Analysis - By End-user
10.4.5 Middle East and Africa Self-Glucose Monitoring Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Self-Glucose Monitoring Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Self-Glucose Monitoring Market
10.4.6.1.1 South Africa Self-Glucose Monitoring Market by Product
10.4.6.1.2 South Africa Self-Glucose Monitoring Market by End-user
10.4.6.1.3 South Africa Self-Glucose Monitoring Market by Application
10.4.6.2 Saudi Arabia Self-Glucose Monitoring Market
10.4.6.2.1 Saudi Arabia Self-Glucose Monitoring Market by Product
10.4.6.2.2 Saudi Arabia Self-Glucose Monitoring Market by End-user
10.4.6.2.3 Saudi Arabia Self-Glucose Monitoring Market by Application
10.4.6.3 U.A.E Self-Glucose Monitoring Market
10.4.6.3.1 U.A.E Self-Glucose Monitoring Market by Product
10.4.6.3.2 U.A.E Self-Glucose Monitoring Market by End-user
10.4.6.3.3 U.A.E Self-Glucose Monitoring Market by Application
10.4.6.4 Rest of Middle East and Africa Self-Glucose Monitoring Market
10.4.6.4.1 Rest of Middle East and Africa Self-Glucose Monitoring Market by Product
10.4.6.4.2 Rest of Middle East and Africa Self-Glucose Monitoring Market by End-user
10.4.6.4.3 Rest of Middle East and Africa Self-Glucose Monitoring Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Self-Glucose Monitoring Market Overview
10.5.2 South and Central America Self-Glucose Monitoring Market Forecasts and Analysis
10.5.3 South and Central America Self-Glucose Monitoring Market Forecasts and Analysis - By Product
10.5.4 South and Central America Self-Glucose Monitoring Market Forecasts and Analysis - By End-user
10.5.5 South and Central America Self-Glucose Monitoring Market Forecasts and Analysis - By Application
10.5.6 South and Central America Self-Glucose Monitoring Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Self-Glucose Monitoring Market
10.5.6.1.1 Brazil Self-Glucose Monitoring Market by Product
10.5.6.1.2 Brazil Self-Glucose Monitoring Market by End-user
10.5.6.1.3 Brazil Self-Glucose Monitoring Market by Application
10.5.6.2 Argentina Self-Glucose Monitoring Market
10.5.6.2.1 Argentina Self-Glucose Monitoring Market by Product
10.5.6.2.2 Argentina Self-Glucose Monitoring Market by End-user
10.5.6.2.3 Argentina Self-Glucose Monitoring Market by Application
10.5.6.3 Rest of South and Central America Self-Glucose Monitoring Market
10.5.6.3.1 Rest of South and Central America Self-Glucose Monitoring Market by Product
10.5.6.3.2 Rest of South and Central America Self-Glucose Monitoring Market by End-user
10.5.6.3.3 Rest of South and Central America Self-Glucose Monitoring Market by Application
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SELF-GLUCOSE MONITORING MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SELF-GLUCOSE MONITORING MARKET, KEY COMPANY PROFILES
13.1. ABBOTT LABORATORIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MEDTRONIC PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. F.HOFFMANN-LA ROCHE LTD
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BAYER.AG
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LIFESCAN,INC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. DEXCOM,INC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SANOFI
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ELLY ELLY AND COMPANY
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. B.BRAUN MELSUNGEN AG3ARKRAY,INC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
- Abbott Laboratories
- Medtronic plc
- F. Hoffmann-La Roche Ltd.
- Bayer.AG
- Lifescan,Inc.
- Dexcom, Inc.
- Sanofi
- Elly Elly and Company
- B.Braun Melsungen AG
- Arkray,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.
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