Tubeless Insulin Pump Market Trends, Size, Top Players 2031
The Tubeless Insulin Pump Market is expected to register a CAGR of 18.7% 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 Component ( Pod/Patch, Remote ). The report is segmented by Distribution Channel ( Hospitals, Pharmacies, E-commerce ).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 Tubeless Insulin Pump 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.
Tubeless Insulin Pump Market Segmentation
Component- Pod/Patch
- Remote
- Hospitals
- Pharmacies
- E-commerce
Strategic Insights
Tubeless Insulin Pump Market Growth Drivers- Diabetes Growing Issue: Diversifying factors inclusive but not limited to an aging population, lifestyle changes, and genetic make up predispose a global increase in the number of cases developed by diabetes latently or overtly, Types 1 and 3 Based on the International Diabetes Federation, as of 2021, there are estimated 537 million adults who had diabetes with this number estimated to grow considerably within the next decades. The increasing incidences of diabetes is one of the contributing factors in the upward growth of insulin pump market owing to the rising needs for easier and sophisticated systems of insulin delivery.
- Technological Advancements: The ongoing evolution of increasingly compact, wearable devices has contributed to the advancement of the electronics and impact reducing systems used within the insulin delivery systems without the associated anchors. Insulin delivery systems are more advanced than the previous generations of such devices. These pumps are compatible with continuous glucose monitoring (CGM) systems and are capable of delivering insulin automatically via cognitive algorithms, thus providing the users with an all-inclusive management of diabetes. The use of digital health technology which includes the mobile app and cloud connectivity is improving their wearability and appeal to more patients.
- Boosted Satisfaction among Patients: Comfort and ease of use of tubeless insulin pumps like Omnipod by Insulet are far larger in comparison to the conventional insulin pumps which are ‘tethered’. Since tubing is not required, these devices permit movement, enabling patients to wear them out of sight under clothes, take part in sports, and carry out diabetes management activities without the hassle of inflexible external lines. Such freedom and comfort in using insulin delivery systems becomes a great asset to both children and adults who require a succor of insulin discreetly and regularly.
- Integration with Continuous Glucose Monitoring (CGM) Systems: The trend for the integration of tubeless insulin pumps with glucose monitoring systems has been on the rise. This allows real-time blood glucose level monitoring, and in turn, adjustments are made in the supply of insulin automatically via the insulin pump. This trend is enhancing closed loop systems which are also known as the artificial pancreas systems whereby these systems allow patients control over their blood glucose levels with very low manual control.
- Increased Focus on Managing Diabetes in the Pediatric Population: Management of diabetes in the pediatric population represents a high growth rate of the market of tubeless insulin pump. Both children and their parents are positively impacted thanks to the convenience, flexibility and the decrease in load offered by the tubeless pump. There is an increasing demand among families with a child suffering from type 3 diabetes for such ‘pocket’ devices that are easy to wear and can integrate well with CGM systems encouraging more inventions in this area.
- Personalized and Data Driven Diabetes Management: The medical practice and the health care services that are more customized to the individual patient have also affected the market for tubeless insulin pump. Tubeless pumps connected to mobile applications and the cloud have optimal use in attempting to monitor levels of insulin administered, blood glucose levels and health markers for the pump user. Such systems assist patients and doctors to adjust the insulin therapy even better, which enhances the results and makes the whole treatment more person-centered.
- Collaboration with Healthcare Providers and Insurance Companies: There is an increasing scope for collaboration between companies that manufacture insulin pumps and healthcare providers, insurance companies, and other payers. The situation is also changing among insurers where they are beginning to see the advantages of insulin pumps after many patients are opting for them due to the drawbacks associated with daily injections and other conventional methods. Collaborations between manufacturers and insurers could lead to better reimbursement possibilities hence tubeless insulin pumps would be available to more patients.
- Advances in Pump Materials and Wearability: Materials innovation in the case of tubeless insulin pumps presents a great business potential. Lighter, tougher, and skin: friendly materials can be used to enhance the usability of insulin pumps, enhancing both functional efficacy and comfort. A more attractive prospect would be the invention of sleeker, skin: friendly and non: obtrusive devices that would further appeal to these pumps increasing users.
- Artificial Intelligence and Machine Learning Integration: There is a tremendous potential presented by the use of AI and machine learning with a tubeless insulin pump. These technologies may aid in enhancing the precise prediction of sugar level trends with respect to insulin dosing changes. AI algorithms can classify user data repressively, already suggesting insulin adjustment and thereby revolutionizing diabetes management as a nearly ‘complete’ and tailor: fit approach to the patient.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tubeless Insulin Pump 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 Tubeless Insulin Pump 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
Players operating in the market are Insulet Corporation, Johnson and Johnson, Medtrum Technologies Inc., Roche Holding AG, Cellnovo Group SA, Spring Health Solution Ltd., Debiotech, CeQur SA, Valeritas, Abbott Diabetes Care
North America region dominated the Tubeless Insulin Pump market in 2023.
The Tubeless Insulin Pump Market is estimated to witness a CAGR of 18.7% from 202#to 2031
Collaboration with Healthcare Providers and Insurance Companies growth act as a opportunity for growth of the market in forecast period.
The major factors driving the Tubeless Insulin Pump market are:
1. Diabetes - Growing Issue
2. Boosted Satisfaction
Pod/Patch segment, by component, dominated the 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 Tubeless Insulin Pump Market - By Component
1.3.2 Tubeless Insulin Pump Market - By Distribution Channel
1.3.3 Tubeless Insulin Pump Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TUBELESS INSULIN PUMP 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. TUBELESS INSULIN PUMP 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. TUBELESS INSULIN PUMP MARKET - GLOBAL MARKET ANALYSIS
6.1. TUBELESS INSULIN PUMP - GLOBAL MARKET OVERVIEW
6.2. TUBELESS INSULIN PUMP - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TUBELESS INSULIN PUMP MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. POD/PATCH
7.3.1. Overview
7.3.2. Pod/Patch Market Forecast and Analysis
7.4. REMOTE
7.4.1. Overview
7.4.2. Remote Market Forecast and Analysis
8. TUBELESS INSULIN PUMP MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. PHARMACIES
8.4.1. Overview
8.4.2. Pharmacies Market Forecast and Analysis
8.5. E-COMMERCE
8.5.1. Overview
8.5.2. E-commerce Market Forecast and Analysis
9. TUBELESS INSULIN PUMP MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tubeless Insulin Pump Market Overview
9.1.2 North America Tubeless Insulin Pump Market Forecasts and Analysis
9.1.3 North America Tubeless Insulin Pump Market Forecasts and Analysis - By Component
9.1.4 North America Tubeless Insulin Pump Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Tubeless Insulin Pump Market Forecasts and Analysis - By Countries
9.1.5.1 United States Tubeless Insulin Pump Market
9.1.5.1.1 United States Tubeless Insulin Pump Market by Component
9.1.5.1.2 United States Tubeless Insulin Pump Market by Distribution Channel
9.1.5.2 Canada Tubeless Insulin Pump Market
9.1.5.2.1 Canada Tubeless Insulin Pump Market by Component
9.1.5.2.2 Canada Tubeless Insulin Pump Market by Distribution Channel
9.1.5.3 Mexico Tubeless Insulin Pump Market
9.1.5.3.1 Mexico Tubeless Insulin Pump Market by Component
9.1.5.3.2 Mexico Tubeless Insulin Pump Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Tubeless Insulin Pump Market Overview
9.2.2 Europe Tubeless Insulin Pump Market Forecasts and Analysis
9.2.3 Europe Tubeless Insulin Pump Market Forecasts and Analysis - By Component
9.2.4 Europe Tubeless Insulin Pump Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Tubeless Insulin Pump Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tubeless Insulin Pump Market
9.2.5.1.1 Germany Tubeless Insulin Pump Market by Component
9.2.5.1.2 Germany Tubeless Insulin Pump Market by Distribution Channel
9.2.5.2 France Tubeless Insulin Pump Market
9.2.5.2.1 France Tubeless Insulin Pump Market by Component
9.2.5.2.2 France Tubeless Insulin Pump Market by Distribution Channel
9.2.5.3 Italy Tubeless Insulin Pump Market
9.2.5.3.1 Italy Tubeless Insulin Pump Market by Component
9.2.5.3.2 Italy Tubeless Insulin Pump Market by Distribution Channel
9.2.5.4 Spain Tubeless Insulin Pump Market
9.2.5.4.1 Spain Tubeless Insulin Pump Market by Component
9.2.5.4.2 Spain Tubeless Insulin Pump Market by Distribution Channel
9.2.5.5 United Kingdom Tubeless Insulin Pump Market
9.2.5.5.1 United Kingdom Tubeless Insulin Pump Market by Component
9.2.5.5.2 United Kingdom Tubeless Insulin Pump Market by Distribution Channel
9.2.5.6 Rest of Europe Tubeless Insulin Pump Market
9.2.5.6.1 Rest of Europe Tubeless Insulin Pump Market by Component
9.2.5.6.2 Rest of Europe Tubeless Insulin Pump Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tubeless Insulin Pump Market Overview
9.3.2 Asia-Pacific Tubeless Insulin Pump Market Forecasts and Analysis
9.3.3 Asia-Pacific Tubeless Insulin Pump Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Tubeless Insulin Pump Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Tubeless Insulin Pump Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tubeless Insulin Pump Market
9.3.5.1.1 Australia Tubeless Insulin Pump Market by Component
9.3.5.1.2 Australia Tubeless Insulin Pump Market by Distribution Channel
9.3.5.2 China Tubeless Insulin Pump Market
9.3.5.2.1 China Tubeless Insulin Pump Market by Component
9.3.5.2.2 China Tubeless Insulin Pump Market by Distribution Channel
9.3.5.3 India Tubeless Insulin Pump Market
9.3.5.3.1 India Tubeless Insulin Pump Market by Component
9.3.5.3.2 India Tubeless Insulin Pump Market by Distribution Channel
9.3.5.4 Japan Tubeless Insulin Pump Market
9.3.5.4.1 Japan Tubeless Insulin Pump Market by Component
9.3.5.4.2 Japan Tubeless Insulin Pump Market by Distribution Channel
9.3.5.5 South Korea Tubeless Insulin Pump Market
9.3.5.5.1 South Korea Tubeless Insulin Pump Market by Component
9.3.5.5.2 South Korea Tubeless Insulin Pump Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Tubeless Insulin Pump Market
9.3.5.6.1 Rest of Asia-Pacific Tubeless Insulin Pump Market by Component
9.3.5.6.2 Rest of Asia-Pacific Tubeless Insulin Pump Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tubeless Insulin Pump Market Overview
9.4.2 Middle East and Africa Tubeless Insulin Pump Market Forecasts and Analysis
9.4.3 Middle East and Africa Tubeless Insulin Pump Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Tubeless Insulin Pump Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Tubeless Insulin Pump Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tubeless Insulin Pump Market
9.4.5.1.1 South Africa Tubeless Insulin Pump Market by Component
9.4.5.1.2 South Africa Tubeless Insulin Pump Market by Distribution Channel
9.4.5.2 Saudi Arabia Tubeless Insulin Pump Market
9.4.5.2.1 Saudi Arabia Tubeless Insulin Pump Market by Component
9.4.5.2.2 Saudi Arabia Tubeless Insulin Pump Market by Distribution Channel
9.4.5.3 U.A.E Tubeless Insulin Pump Market
9.4.5.3.1 U.A.E Tubeless Insulin Pump Market by Component
9.4.5.3.2 U.A.E Tubeless Insulin Pump Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Tubeless Insulin Pump Market
9.4.5.4.1 Rest of Middle East and Africa Tubeless Insulin Pump Market by Component
9.4.5.4.2 Rest of Middle East and Africa Tubeless Insulin Pump Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tubeless Insulin Pump Market Overview
9.5.2 South and Central America Tubeless Insulin Pump Market Forecasts and Analysis
9.5.3 South and Central America Tubeless Insulin Pump Market Forecasts and Analysis - By Component
9.5.4 South and Central America Tubeless Insulin Pump Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Tubeless Insulin Pump Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tubeless Insulin Pump Market
9.5.5.1.1 Brazil Tubeless Insulin Pump Market by Component
9.5.5.1.2 Brazil Tubeless Insulin Pump Market by Distribution Channel
9.5.5.2 Argentina Tubeless Insulin Pump Market
9.5.5.2.1 Argentina Tubeless Insulin Pump Market by Component
9.5.5.2.2 Argentina Tubeless Insulin Pump Market by Distribution Channel
9.5.5.3 Rest of South and Central America Tubeless Insulin Pump Market
9.5.5.3.1 Rest of South and Central America Tubeless Insulin Pump Market by Component
9.5.5.3.2 Rest of South and Central America Tubeless Insulin Pump Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL TUBELESS INSULIN PUMP 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. TUBELESS INSULIN PUMP MARKET, KEY COMPANY PROFILES
12.1. INSULET 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. JOHNSON AND JOHNSON
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. MEDTRUM TECHNOLOGIES INC.
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. ROCHE HOLDING AG
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. CELLNOVO GROUP SA
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. SPRING HEALTH SOLUTION 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. DEBIOTECH
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. CEQUR SA
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. VALERITAS
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. ABBOTT DIABETES CARE
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. Insulet Corporation
2. Johnson and Johnson
3. Medtrum Technologies Inc.
4. Roche Holding AG
5. Cellnovo Group SA
6. Spring Health Solution Ltd.
7. Debiotech
8. CeQur SA
9. Valeritas
10. Abbott Diabetes Care
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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