Video Laryngoscopy Market Scope and Size by 2031
Laryngoscopy is the method for examination of of larynx, throat and the vocal cords with the help of laryngoscope. It can be performed in direct laryngoscopy and indirect laryngoscopy .Video laryngoscopy is a technique of observing and recording vocal cords and larynx movement. Video laryngoscopy is a type of indirect laryngoscopy where the physician indirectly visualize the larynx with a fiberoptic or digital laryngoscope that is inserted transnasally or transorally. It has a high-resolution micro camera that is mounted on the top of a curved blade which is connected to small portable digital monitor that results in improved view of the vocal cords. Captured images and videos during video laryngoscopy can be displayed on a monitor in order to view at the time of the procedure. The images and video help in monitoring disease progression and treatment.
MARKET SCOPE
The "Global Video Laryngoscopy Market Analysis to 2031" 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 video laryngoscopy market with detailed market segmentation by product, type, end user, and geography. The report provides key statistics on the market status of the leading video laryngoscopy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global video laryngoscopy market is segmented into reusable, and single-use.
- Based on type, the market is segmented into integrated display models, and cart-based models
- On the basis of end-users, the market is bifurcated into hospitals, ENT clinics, and others.
MARKET DYNAMICS
Drivers:
- Technological advancement for improved resolution in order to diagnose and treat the disorder and increase in demand for care facilities drive the growth of the market.
- Improving healthcare infrastructure, and surging usage of video laryngoscopes fuel the market growth.
- Rising awareness for minimally invasive treatment propel the market growth.
Restraints:
- Side effects associated with the procedure such as bleeding, irritation.
REGIONAL FRAMEWORK
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 and Africa (MEA), and South America. The video laryngoscopy 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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the video laryngoscopy market in these regions.
IMPACT OF COVID-19 ON VIDEO LARYNGOSCOPY MARKET
COVID-19 first began in Wuhan (China) during 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 COVID-19 pandemic has significantly affected the market for video laryngoscopy positively as this procedure prevent direct contact between patients and healthcare workers and it keeps the healthcare personnel faces away from the airways of patients, and minimize the risk of transmission. It was found out that unlike the conventional laryngoscopy for tracheal intubation, this procedure offers shorter intubation time and reduces the risk of infection in positive patients. Moreover, the surge in coronavirus cases is resulting in shortage of these devices thereby catering the growing demand and forcing companies to increase their manufacturing capacities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 and Africa (MEA), and South America. The video laryngoscopy 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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the video laryngoscopy market in these regions.
IMPACT OF COVID-19 ON VIDEO LARYNGOSCOPY MARKET
COVID-19 first began in Wuhan (China) during 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 COVID-19 pandemic has significantly affected the market for video laryngoscopy positively as this procedure prevent direct contact between patients and healthcare workers and it keeps the healthcare personnel faces away from the airways of patients, and minimize the risk of transmission. It was found out that unlike the conventional laryngoscopy for tracheal intubation, this procedure offers shorter intubation time and reduces the risk of infection in positive patients. Moreover, the surge in coronavirus cases is resulting in shortage of these devices thereby catering the growing demand and forcing companies to increase their manufacturing capacities.
MARKET PLAYERS
The report covers key developments in the video laryngoscopy 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, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from video laryngoscopy market are anticipated to have lucrative growth opportunities in the future with the rising demand for video laryngoscopy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the video laryngoscopy 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.
- Medtronic
- Karl Storz
- Ambu
- Verathon
- Marshall Products
- Teleflex
- Olympus Corporation
- Richard Wolf
- Medical Product International (MPI)
- Vyaire Medical, INC.
- 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 Video Laryngoscopy Market - By Product
1.3.2 Video Laryngoscopy Market - By Type
1.3.3 Video Laryngoscopy Market - By End-user
1.3.4 Video Laryngoscopy Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VIDEO LARYNGOSCOPY 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. VIDEO LARYNGOSCOPY 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. VIDEO LARYNGOSCOPY MARKET - GLOBAL MARKET ANALYSIS
6.1. VIDEO LARYNGOSCOPY - GLOBAL MARKET OVERVIEW
6.2. VIDEO LARYNGOSCOPY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. VIDEO LARYNGOSCOPY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. REUSABLE
7.3.1. Overview
7.3.2. Reusable Market Forecast and Analysis
7.4. SINGLE-USE
7.4.1. Overview
7.4.2. Single-use Market Forecast and Analysis
8. VIDEO LARYNGOSCOPY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. INTEGRATED DISPLAY MODELS
8.3.1. Overview
8.3.2. Integrated Display Models Market Forecast and Analysis
8.4. CART-BASED MODELS
8.4.1. Overview
8.4.2. Cart-based Models Market Forecast and Analysis
9. VIDEO LARYNGOSCOPY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. ENT CLINICS
9.4.1. Overview
9.4.2. ENT Clinics Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. VIDEO LARYNGOSCOPY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Video Laryngoscopy Market Overview
10.1.2 North America Video Laryngoscopy Market Forecasts and Analysis
10.1.3 North America Video Laryngoscopy Market Forecasts and Analysis - By Product
10.1.4 North America Video Laryngoscopy Market Forecasts and Analysis - By Type
10.1.5 North America Video Laryngoscopy Market Forecasts and Analysis - By End-user
10.1.6 North America Video Laryngoscopy Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Video Laryngoscopy Market
10.1.6.1.1 Canada Video Laryngoscopy Market by Product
10.1.6.1.2 Canada Video Laryngoscopy Market by Type
10.1.6.1.3 Canada Video Laryngoscopy Market by End-user
10.1.6.2 Mexico Video Laryngoscopy Market
10.1.6.2.1 Mexico Video Laryngoscopy Market by Product
10.1.6.2.2 Mexico Video Laryngoscopy Market by Type
10.1.6.2.3 Mexico Video Laryngoscopy Market by End-user
10.1.6.3 US Video Laryngoscopy Market
10.1.6.3.1 US Video Laryngoscopy Market by Product
10.1.6.3.2 US Video Laryngoscopy Market by Type
10.1.6.3.3 US Video Laryngoscopy Market by End-user
10.2. EUROPE
10.2.1 Europe Video Laryngoscopy Market Overview
10.2.2 Europe Video Laryngoscopy Market Forecasts and Analysis
10.2.3 Europe Video Laryngoscopy Market Forecasts and Analysis - By Product
10.2.4 Europe Video Laryngoscopy Market Forecasts and Analysis - By Type
10.2.5 Europe Video Laryngoscopy Market Forecasts and Analysis - By End-user
10.2.6 Europe Video Laryngoscopy Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Video Laryngoscopy Market
10.2.6.1.1 Germany Video Laryngoscopy Market by Product
10.2.6.1.2 Germany Video Laryngoscopy Market by Type
10.2.6.1.3 Germany Video Laryngoscopy Market by End-user
10.2.6.2 France Video Laryngoscopy Market
10.2.6.2.1 France Video Laryngoscopy Market by Product
10.2.6.2.2 France Video Laryngoscopy Market by Type
10.2.6.2.3 France Video Laryngoscopy Market by End-user
10.2.6.3 Italy Video Laryngoscopy Market
10.2.6.3.1 Italy Video Laryngoscopy Market by Product
10.2.6.3.2 Italy Video Laryngoscopy Market by Type
10.2.6.3.3 Italy Video Laryngoscopy Market by End-user
10.2.6.4 Spain Video Laryngoscopy Market
10.2.6.4.1 Spain Video Laryngoscopy Market by Product
10.2.6.4.2 Spain Video Laryngoscopy Market by Type
10.2.6.4.3 Spain Video Laryngoscopy Market by End-user
10.2.6.5 United Kingdom Video Laryngoscopy Market
10.2.6.5.1 United Kingdom Video Laryngoscopy Market by Product
10.2.6.5.2 United Kingdom Video Laryngoscopy Market by Type
10.2.6.5.3 United Kingdom Video Laryngoscopy Market by End-user
10.2.6.6 Rest of Europe Video Laryngoscopy Market
10.2.6.6.1 Rest of Europe Video Laryngoscopy Market by Product
10.2.6.6.2 Rest of Europe Video Laryngoscopy Market by Type
10.2.6.6.3 Rest of Europe Video Laryngoscopy Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Video Laryngoscopy Market Overview
10.3.2 Asia-Pacific Video Laryngoscopy Market Forecasts and Analysis
10.3.3 Asia-Pacific Video Laryngoscopy Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Video Laryngoscopy Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Video Laryngoscopy Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Video Laryngoscopy Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Video Laryngoscopy Market
10.3.6.1.1 Australia Video Laryngoscopy Market by Product
10.3.6.1.2 Australia Video Laryngoscopy Market by Type
10.3.6.1.3 Australia Video Laryngoscopy Market by End-user
10.3.6.2 China Video Laryngoscopy Market
10.3.6.2.1 China Video Laryngoscopy Market by Product
10.3.6.2.2 China Video Laryngoscopy Market by Type
10.3.6.2.3 China Video Laryngoscopy Market by End-user
10.3.6.3 India Video Laryngoscopy Market
10.3.6.3.1 India Video Laryngoscopy Market by Product
10.3.6.3.2 India Video Laryngoscopy Market by Type
10.3.6.3.3 India Video Laryngoscopy Market by End-user
10.3.6.4 Japan Video Laryngoscopy Market
10.3.6.4.1 Japan Video Laryngoscopy Market by Product
10.3.6.4.2 Japan Video Laryngoscopy Market by Type
10.3.6.4.3 Japan Video Laryngoscopy Market by End-user
10.3.6.5 South Korea Video Laryngoscopy Market
10.3.6.5.1 South Korea Video Laryngoscopy Market by Product
10.3.6.5.2 South Korea Video Laryngoscopy Market by Type
10.3.6.5.3 South Korea Video Laryngoscopy Market by End-user
10.3.6.6 Rest of Asia-Pacific Video Laryngoscopy Market
10.3.6.6.1 Rest of Asia-Pacific Video Laryngoscopy Market by Product
10.3.6.6.2 Rest of Asia-Pacific Video Laryngoscopy Market by Type
10.3.6.6.3 Rest of Asia-Pacific Video Laryngoscopy Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Video Laryngoscopy Market Overview
10.4.2 Middle East and Africa Video Laryngoscopy Market Forecasts and Analysis
10.4.3 Middle East and Africa Video Laryngoscopy Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Video Laryngoscopy Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Video Laryngoscopy Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Video Laryngoscopy Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Video Laryngoscopy Market
10.4.6.1.1 South Africa Video Laryngoscopy Market by Product
10.4.6.1.2 South Africa Video Laryngoscopy Market by Type
10.4.6.1.3 South Africa Video Laryngoscopy Market by End-user
10.4.6.2 Saudi Arabia Video Laryngoscopy Market
10.4.6.2.1 Saudi Arabia Video Laryngoscopy Market by Product
10.4.6.2.2 Saudi Arabia Video Laryngoscopy Market by Type
10.4.6.2.3 Saudi Arabia Video Laryngoscopy Market by End-user
10.4.6.3 U.A.E Video Laryngoscopy Market
10.4.6.3.1 U.A.E Video Laryngoscopy Market by Product
10.4.6.3.2 U.A.E Video Laryngoscopy Market by Type
10.4.6.3.3 U.A.E Video Laryngoscopy Market by End-user
10.4.6.4 Rest of Middle East and Africa Video Laryngoscopy Market
10.4.6.4.1 Rest of Middle East and Africa Video Laryngoscopy Market by Product
10.4.6.4.2 Rest of Middle East and Africa Video Laryngoscopy Market by Type
10.4.6.4.3 Rest of Middle East and Africa Video Laryngoscopy Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Video Laryngoscopy Market Overview
10.5.2 South and Central America Video Laryngoscopy Market Forecasts and Analysis
10.5.3 South and Central America Video Laryngoscopy Market Forecasts and Analysis - By Product
10.5.4 South and Central America Video Laryngoscopy Market Forecasts and Analysis - By Type
10.5.5 South and Central America Video Laryngoscopy Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Video Laryngoscopy Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Video Laryngoscopy Market
10.5.6.1.1 Brazil Video Laryngoscopy Market by Product
10.5.6.1.2 Brazil Video Laryngoscopy Market by Type
10.5.6.1.3 Brazil Video Laryngoscopy Market by End-user
10.5.6.2 Argentina Video Laryngoscopy Market
10.5.6.2.1 Argentina Video Laryngoscopy Market by Product
10.5.6.2.2 Argentina Video Laryngoscopy Market by Type
10.5.6.2.3 Argentina Video Laryngoscopy Market by End-user
10.5.6.3 Rest of South and Central America Video Laryngoscopy Market
10.5.6.3.1 Rest of South and Central America Video Laryngoscopy Market by Product
10.5.6.3.2 Rest of South and Central America Video Laryngoscopy Market by Type
10.5.6.3.3 Rest of South and Central America Video Laryngoscopy Market by End-user
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. VIDEO LARYNGOSCOPY MARKET, KEY COMPANY PROFILES
12.1. MEDTRONIC
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. KARL STORZ
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. AMBU
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. VERATHON
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. MARSHALL PRODUCTS
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. TELEFLEX
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. OLYMPUS CORPORATION
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. RICHARD WOLF
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. MEDICAL PRODUCT INTERNATIONAL (MPI)
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. VYAIRE MEDICAL, 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
2. Karl Storz
3. Ambu
4. Verathon
5. Marshall Products
6. Teleflex
7. Olympus Corporation
8. Richard Wolf
9. Medical Product International (MPI)
10. VYAIRE MEDICAL, 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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