Structural Cardiac Implant Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Structural Cardiac disease is a non-coronary defect of the heart, thus not affecting the blood vessels in the heart. Most of the structural heart conditions are present since birth (congenital), but these can also be acquired later in life, owing to wear & tear from infection. Advancements in the medical field have replaced the open heart surgical procedures with minimally invasive procedures, such as transcatheter aortic valve replacement (TAVR) and transcatheter mitral valve repair (TMVR).
MARKET SCOPE
The Structural Cardiac Implant Market 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 the Structural Cardiac Implant Market with detailed market segmentation by type, , end-user, and geography. The report provides key statistics on the market status of the leading Structural Cardiac Implant Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the Structural Cardiac Implant Market is segmented into
I. Heart Valves & Accessories
II. Tissue Heart Valves
III. Mechanical Heart Valves
IV. Heart Valve Repair Devices
V. Ventricular-Assist Devices
VI. Implantable Heart Monitors
VII. Insertable Loop Recorders (ILRs)
VIII. Implantable Hemodynamic Monitors (IHMs)
- By end-user, the market is segmented into Hospitals, Ambulatory Settings, and Clinics.
MARKET DYNAMICS
Drivers:
- The rise in the incidence of structural heart diseases (aortic stenosis and mitral regurgitation).
- Technological advancements in the structural heart devices industry.
- Development of innovative repair devices.
- Increase in demand for minimally invasive.
- The high cost of surgeries and stringent government regulations hamper the growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South And Central America. The Structural Cardiac Implant Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South And Central America after evaluating political, economic, social and technological factors affecting the Structural Cardiac Implant Market in these regions.
IMPACT OF COVID-19 ON STRUCTURAL CARDIAC IMPLANT MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions. While the situation is rapidly evolving, the pandemic had already disrupted the world in three ways the direct health impact the impact on the healthcare system, and the social and economic consequences of the pandemic. The structural heart devices market outlook has been seriously affected by the global outbreak of COVID-19 as it led to a temporary delay in the surgical procedures that were not an emergency. This was majorly due to the high risk of infection in the healthcare settings that could possibly affect patients with heart-related disorders. However, with the increasing adoption of safety measures across hospitals coupled with the growing necessity for surgical procedures, the structural heart devices market is expected to grow steadily over the subsequent years.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South And Central America. The Structural Cardiac Implant Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South And Central America after evaluating political, economic, social and technological factors affecting the Structural Cardiac Implant Market in these regions.
IMPACT OF COVID-19 ON STRUCTURAL CARDIAC IMPLANT MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions. While the situation is rapidly evolving, the pandemic had already disrupted the world in three ways the direct health impact the impact on the healthcare system, and the social and economic consequences of the pandemic. The structural heart devices market outlook has been seriously affected by the global outbreak of COVID-19 as it led to a temporary delay in the surgical procedures that were not an emergency. This was majorly due to the high risk of infection in the healthcare settings that could possibly affect patients with heart-related disorders. However, with the increasing adoption of safety measures across hospitals coupled with the growing necessity for surgical procedures, the structural heart devices market is expected to grow steadily over the subsequent years.
MARKET PLAYERS
The report covers key developments in the Structural Cardiac Implant 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 activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the Structural Cardiac Implant Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Structural Cardiac Implant Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Structural Cardiac Implant Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Stryker Corporation
- Synthes
- Boston Scientific
- Zimmer Biomet
- Smith & Nephew
- Medtronic
- Abbott
- Tornier
- LivaNova Plc.
- Lepu Medical
- 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 Structural Cardiac Implant Market - By Type
1.3.2 Structural Cardiac Implant Market - By End-user
1.3.3 Structural Cardiac Implant Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STRUCTURAL CARDIAC IMPLANT 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. STRUCTURAL CARDIAC IMPLANT 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. STRUCTURAL CARDIAC IMPLANT MARKET - GLOBAL MARKET ANALYSIS
6.1. STRUCTURAL CARDIAC IMPLANT - GLOBAL MARKET OVERVIEW
6.2. STRUCTURAL CARDIAC IMPLANT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. STRUCTURAL CARDIAC IMPLANT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEART VALVES AND ACCESSORIES
7.3.1. Overview
7.3.2. Heart valves and accessories Market Forecast and Analysis
7.4. TISSUE HEART VALVES
7.4.1. Overview
7.4.2. Tissue heart valves Market Forecast and Analysis
7.5. MECHANICAL HEART VALVES
7.5.1. Overview
7.5.2. Mechanical heart valves Market Forecast and Analysis
7.6. HEART VALVE REPAIR DEVICES
7.6.1. Overview
7.6.2. Heart valve repair devices Market Forecast and Analysis
7.7. VENTRICULAR-ASSIST DEVICES
7.7.1. Overview
7.7.2. Ventricular-assist devices Market Forecast and Analysis
7.8. IMPLANTABLE HEART MONITORS
7.8.1. Overview
7.8.2. Implantable heart monitors Market Forecast and Analysis
7.9. INSERTABLE LOOP RECORDERS
7.9.1. Overview
7.9.2. Insertable loop recorders Market Forecast and Analysis
7.10. IMPLANTABLE HEMODYNAMIC MONITORS.
7.10.1. Overview
7.10.2. Implantable hemodynamic monitors. Market Forecast and Analysis
8. STRUCTURAL CARDIAC IMPLANT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SETTINGS
8.4.1. Overview
8.4.2. Ambulatory settings Market Forecast and Analysis
8.5. AND CLINICS.
8.5.1. Overview
8.5.2. and Clinics. Market Forecast and Analysis
9. STRUCTURAL CARDIAC IMPLANT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Structural Cardiac Implant Market Overview
9.1.2 North America Structural Cardiac Implant Market Forecasts and Analysis
9.1.3 North America Structural Cardiac Implant Market Forecasts and Analysis - By Type
9.1.4 North America Structural Cardiac Implant Market Forecasts and Analysis - By End-user
9.1.5 North America Structural Cardiac Implant Market Forecasts and Analysis - By Countries
9.1.5.1 United States Structural Cardiac Implant Market
9.1.5.1.1 United States Structural Cardiac Implant Market by Type
9.1.5.1.2 United States Structural Cardiac Implant Market by End-user
9.1.5.2 Canada Structural Cardiac Implant Market
9.1.5.2.1 Canada Structural Cardiac Implant Market by Type
9.1.5.2.2 Canada Structural Cardiac Implant Market by End-user
9.1.5.3 Mexico Structural Cardiac Implant Market
9.1.5.3.1 Mexico Structural Cardiac Implant Market by Type
9.1.5.3.2 Mexico Structural Cardiac Implant Market by End-user
9.2. EUROPE
9.2.1 Europe Structural Cardiac Implant Market Overview
9.2.2 Europe Structural Cardiac Implant Market Forecasts and Analysis
9.2.3 Europe Structural Cardiac Implant Market Forecasts and Analysis - By Type
9.2.4 Europe Structural Cardiac Implant Market Forecasts and Analysis - By End-user
9.2.5 Europe Structural Cardiac Implant Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Structural Cardiac Implant Market
9.2.5.1.1 Germany Structural Cardiac Implant Market by Type
9.2.5.1.2 Germany Structural Cardiac Implant Market by End-user
9.2.5.2 France Structural Cardiac Implant Market
9.2.5.2.1 France Structural Cardiac Implant Market by Type
9.2.5.2.2 France Structural Cardiac Implant Market by End-user
9.2.5.3 Italy Structural Cardiac Implant Market
9.2.5.3.1 Italy Structural Cardiac Implant Market by Type
9.2.5.3.2 Italy Structural Cardiac Implant Market by End-user
9.2.5.4 United Kingdom Structural Cardiac Implant Market
9.2.5.4.1 United Kingdom Structural Cardiac Implant Market by Type
9.2.5.4.2 United Kingdom Structural Cardiac Implant Market by End-user
9.2.5.5 Russia Structural Cardiac Implant Market
9.2.5.5.1 Russia Structural Cardiac Implant Market by Type
9.2.5.5.2 Russia Structural Cardiac Implant Market by End-user
9.2.5.6 Rest of Europe Structural Cardiac Implant Market
9.2.5.6.1 Rest of Europe Structural Cardiac Implant Market by Type
9.2.5.6.2 Rest of Europe Structural Cardiac Implant Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Structural Cardiac Implant Market Overview
9.3.2 Asia-Pacific Structural Cardiac Implant Market Forecasts and Analysis
9.3.3 Asia-Pacific Structural Cardiac Implant Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Structural Cardiac Implant Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Structural Cardiac Implant Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Structural Cardiac Implant Market
9.3.5.1.1 Australia Structural Cardiac Implant Market by Type
9.3.5.1.2 Australia Structural Cardiac Implant Market by End-user
9.3.5.2 China Structural Cardiac Implant Market
9.3.5.2.1 China Structural Cardiac Implant Market by Type
9.3.5.2.2 China Structural Cardiac Implant Market by End-user
9.3.5.3 India Structural Cardiac Implant Market
9.3.5.3.1 India Structural Cardiac Implant Market by Type
9.3.5.3.2 India Structural Cardiac Implant Market by End-user
9.3.5.4 Japan Structural Cardiac Implant Market
9.3.5.4.1 Japan Structural Cardiac Implant Market by Type
9.3.5.4.2 Japan Structural Cardiac Implant Market by End-user
9.3.5.5 South Korea Structural Cardiac Implant Market
9.3.5.5.1 South Korea Structural Cardiac Implant Market by Type
9.3.5.5.2 South Korea Structural Cardiac Implant Market by End-user
9.3.5.6 Rest of Asia-Pacific Structural Cardiac Implant Market
9.3.5.6.1 Rest of Asia-Pacific Structural Cardiac Implant Market by Type
9.3.5.6.2 Rest of Asia-Pacific Structural Cardiac Implant Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Structural Cardiac Implant Market Overview
9.4.2 Middle East and Africa Structural Cardiac Implant Market Forecasts and Analysis
9.4.3 Middle East and Africa Structural Cardiac Implant Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Structural Cardiac Implant Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Structural Cardiac Implant Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Structural Cardiac Implant Market
9.4.5.1.1 South Africa Structural Cardiac Implant Market by Type
9.4.5.1.2 South Africa Structural Cardiac Implant Market by End-user
9.4.5.2 Saudi Arabia Structural Cardiac Implant Market
9.4.5.2.1 Saudi Arabia Structural Cardiac Implant Market by Type
9.4.5.2.2 Saudi Arabia Structural Cardiac Implant Market by End-user
9.4.5.3 U.A.E Structural Cardiac Implant Market
9.4.5.3.1 U.A.E Structural Cardiac Implant Market by Type
9.4.5.3.2 U.A.E Structural Cardiac Implant Market by End-user
9.4.5.4 Rest of Middle East and Africa Structural Cardiac Implant Market
9.4.5.4.1 Rest of Middle East and Africa Structural Cardiac Implant Market by Type
9.4.5.4.2 Rest of Middle East and Africa Structural Cardiac Implant Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Structural Cardiac Implant Market Overview
9.5.2 South and Central America Structural Cardiac Implant Market Forecasts and Analysis
9.5.3 South and Central America Structural Cardiac Implant Market Forecasts and Analysis - By Type
9.5.4 South and Central America Structural Cardiac Implant Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Structural Cardiac Implant Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Structural Cardiac Implant Market
9.5.5.1.1 Brazil Structural Cardiac Implant Market by Type
9.5.5.1.2 Brazil Structural Cardiac Implant Market by End-user
9.5.5.2 Argentina Structural Cardiac Implant Market
9.5.5.2.1 Argentina Structural Cardiac Implant Market by Type
9.5.5.2.2 Argentina Structural Cardiac Implant Market by End-user
9.5.5.3 Rest of South and Central America Structural Cardiac Implant Market
9.5.5.3.1 Rest of South and Central America Structural Cardiac Implant Market by Type
9.5.5.3.2 Rest of South and Central America Structural Cardiac Implant Market by End-user
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL STRUCTURAL CARDIAC IMPLANT 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. STRUCTURAL CARDIAC IMPLANT MARKET, KEY COMPANY PROFILES
12.1. STRYKER CORPORATION
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. SYNTHES
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. BOSTON SCIENTIFIC
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. ZIMMER BIOMET
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. SMITH AND NEPHEW
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. MEDTRONIC
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
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. TORNIER
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. LEPU MEDICAL
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. LIVANOVA PLC.
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. Stryker Corporation
2. Synthes
3. Boston Scientific
4. Zimmer Biomet
5. Smith & Nephew
6. Medtronic
7. Abbott
8. Tornier
9. LivaNova Plc.
10. Lepu Medical
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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