Water Flosser Market Dynamics 2021-2031
[Research Report] The water flosser market size was valued at US$ 867.55 million in 2022 and is expected to reach US$ 1,418.81 million by 2031; it is estimated to register a CAGR of 6.3% from 2022 to 2031.
Market Insights and Analyst View:
A water flosser, also known as an oral irrigator or dental water jet, is a dental hygiene device designed to clean between teeth and along the gum line using a targeted stream of pressurized water. It is an alternative to traditional string floss, and its primary purpose is to remove food particles, plaque, and debris from areas that are difficult to reach with regular brushing and flossing. Water flossers consist of a water reservoir, a motor or pump to create water pressure, and a handheld nozzle through which the pressurized water is directed into the oral cavity. Individuals commonly use these devices as part of their oral hygiene routine.
The benefits of using a water flosser are numerous. First, they effectively remove debris and plaque from between teeth and around braces, bridges, and dental implants. The pulsating water stream can dislodge particles that traditional floss might miss, promoting better gum health and preventing cavities. Second, water flossers are gentle on the gums, making them suitable for people with sensitive gums or those who find string flossing uncomfortable or challenging. Lastly, these devices are user-friendly and can be adjusted for water pressure to accommodate different sensitivities. They are also an excellent tool for individuals with certain dental conditions like periodontal disease, as they can help maintain oral health and prevent further gum issues.
People use water flossers for various reasons, including general oral hygiene, orthodontic care, and managing specific dental conditions. They find them particularly convenient because they are less messy than traditional floss and can easily be incorporated into daily routines. Water flossers have gained popularity for their effectiveness in promoting healthier gums and preventing dental issues, making them a valuable addition to one's oral care regimen. Additionally, they are recommended for individuals with difficulty with manual dexterity or who wear dental appliances requiring extra cleaning care and attention.
Growth Drivers and Challenges:
Several vital factors primarily drive the water flossers market. First and foremost, the increasing awareness of the importance of oral hygiene and its connection to overall health is a significant driver. As more people recognize good oral health's role in preventing various health conditions, including heart diseases and diabetes, they are actively seeking ways to enhance their oral care routine. Water flossers offer a convenient and effective solution for individuals looking to maintain or improve their oral health.
Another driver is the growing trend of orthodontic treatments and dental procedures. With an increasing number of people opting for orthodontic interventions, such as braces and clear aligners, as well as dental implants, crowns, and bridges, the demand for specialized dental care and cleaning tools like water flossers has surged. These individuals often require meticulous oral care to ensure their dental work remains in optimal condition, and water flossers effectively achieve that.
Additionally, consumer preferences for comfort and convenience have contributed to the growth of the water flossers market. Many individuals find traditional flossing challenging or uncomfortable, leading them to seek alternatives. Water flossers offer a gentler and less messy option, making them attractive to a broad audience. The versatility of water flossers allows users to adjust the water pressure to their comfort level, catering to those with sensitive gums or dental sensitivities.
On the other hand, one of the main restraints for the water flossers market is the cost of these devices. Water flossers are typically more expensive than traditional dental floss. This higher initial cost can deter price-sensitive consumers, especially in regions with limited access to affordable dental care. However, it is essential to note that many consider water flossers a long-term investment in oral health, as they can help prevent costly dental treatments.
Another restraint for the water flossers market is the need for a power source. Most water flossers require electricity or batteries, which may not be readily available in all situations. This limitation can make water flossers less practical for those who travel frequently or live in areas with unreliable power sources, potentially limiting their adoption. Manufacturers are addressing this restraint by developing more portable, battery-operated models to cater to a broader consumer base.
Strategic Insights
Report Segmentation and Scope:
The global water flosser market is segmented based on type, application, and geography. The market is categorized into cordless, countertop, and others based on type. The market is categorized into residential, dental clinics, and hospitals based on application. The global water flossers market is broadly segmented by geography into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Segmental Analysis:
The market is categorized into cordless, countertop, and others based on type. The demand for cordless water flossers has been surging for several compelling reasons. Firstly, cordless models offer enhanced portability and convenience, addressing a key concern for consumers. Traditional corded water flossers are often confined to bathroom countertops near electrical outlets, which limits their usability. On the other hand, cordless water flossers are powered by rechargeable batteries, making them highly portable and suitable for use in various settings. This convenience allows users to maintain their oral hygiene routine while traveling, at the office, or when access to electrical outlets is limited. As a result, cordless water flossers have become a preferred choice for individuals seeking a flexible and on-the-go solution to improve their oral health.
Secondly, cordless water flossers offer user-friendly operation and ease of use. Many consumers prefer the simplicity and hassle-free experience provided by cordless models. They typically feature intuitive controls and straightforward functionality, making them accessible to many users, including those who may not be tech-savvy. The absence of cords eliminates the need to deal with tangled wires or worry about electrical safety in wet environments, further enhancing the user experience. This user-friendliness and the ability to use them without complicated setups or restrictions have made cordless water flossers an attractive choice for people of all ages and backgrounds, driving their increased demand in the oral care market.
Regional Analysis:
The water flossers market is segmented into five key regions: North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. North America dominated the global water flosser market. The demand for water flossers in North America is on the rise, driven by various factors that reflect evolving consumer preferences and a growing awareness of the importance of oral hygiene. One primary driver behind this surge is the increasing emphasis on oral health and the understanding of its significant impact on overall well-being. Over recent years, there has been a notable shift in the perception of oral care, with a recognition that it goes beyond mere aesthetics and is a crucial component of one's general health. Numerous studies have linked poor oral hygiene to various systemic health issues, such as heart disease, diabetes, and respiratory problems. As a result, consumers in North America are increasingly prioritizing their oral health and water flossers are viewed as an effective tool to prevent gum disease and tooth decay, ultimately reducing the risk of broader health problems. This awareness has driven individuals to incorporate water flossers into daily oral care routines.
Another significant factor contributing to North America's heightened demand for water flossers is the growing trend of orthodontic treatments and dental procedures. Many individuals in the region are investing in orthodontic interventions like braces or clear aligners and dental implants, crowns, and bridges. These treatments require specialized care to maintain oral health and hygiene, making water flossers an invaluable addition to the routine of those with dental appliances. Water flossers excel at cleaning around braces and between wires and brackets, areas that are often challenging to reach with traditional floss. Their effectiveness in caring for orthodontic work has made water flossers popular among individuals undergoing these treatments.
Consumer preferences for comfort and convenience have also significantly driven the demand for water flossers in North America. Traditional string flossing can be uncomfortable, time-consuming, and messy, leading many individuals to seek alternatives. With their adjustable water pressure settings and user-friendly operation, water flossers offer a gentler and less messy option for maintaining oral hygiene. They have gained popularity as a convenient and less intimidating solution, appealing to many consumers, including those with sensitive gums or dental sensitivities. As busy lifestyles become increasingly prevalent, people are turning to water flossers as a more manageable and time-efficient way to care for their oral health. As a result, water flossers are becoming an integral part of oral care routines across North America.
COVID-19 Pandemic Impact:
The COVID-19 pandemic initially hindered the global water flosser market due to the shutdown of manufacturing units, shortage of labor, disruption of supply chains, and financial instability. The disruption of various industries due to the economic slowdown caused by the COVID-19 outbreak restrained the water flosser supply. Various stores were closed. However, businesses started gaining ground as previously imposed limitations were eased across various countries. Moreover, the introduction of COVID-19 vaccines by governments of different countries eased the situation, leading to a rise in business activities worldwide. Several markets, including the water flosser market, reported growth after the ease of lockdowns and movement restrictions.
Competitive Landscape and Key Companies:
The Procter & Gamble Company, Koninklijke Philips N.V., Fly Cat Electrical Co., Ltd., Hydro Floss, Panasonic Corporation, Water Pik Inc., ToiletTree Products Inc., Aquapick Co. Ltd., and JETPIK Corporation are among the prominent players operating in the global water flosser market.
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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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Water Flosser Market - By Power Type
1.3.2 Water Flosser Market - By Distribution Channel
1.3.3 Water Flosser Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATER FLOSSER 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. WATER FLOSSER 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. WATER FLOSSER MARKET - GLOBAL MARKET ANALYSIS
6.1. WATER FLOSSER - GLOBAL MARKET OVERVIEW
6.2. WATER FLOSSER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WATER FLOSSER MARKET - REVENUE AND FORECASTS TO 2028 - POWER TYPE
7.1. OVERVIEW
7.2. POWER TYPE MARKET FORECASTS AND ANALYSIS
7.3. CORDED
7.3.1. Overview
7.3.2. Corded Market Forecast and Analysis
7.4. BATTERY-OPERATED
7.4.1. Overview
7.4.2. Battery-operated Market Forecast and Analysis
8. WATER FLOSSER MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WATER FLOSSER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Water Flosser Market Overview
9.1.2 North America Water Flosser Market Forecasts and Analysis
9.1.3 North America Water Flosser Market Forecasts and Analysis - By Power Type
9.1.4 North America Water Flosser Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Water Flosser Market Forecasts and Analysis - By Countries
9.1.5.1 United States Water Flosser Market
9.1.5.1.1 United States Water Flosser Market by Power Type
9.1.5.1.2 United States Water Flosser Market by Distribution Channel
9.1.5.2 Canada Water Flosser Market
9.1.5.2.1 Canada Water Flosser Market by Power Type
9.1.5.2.2 Canada Water Flosser Market by Distribution Channel
9.1.5.3 Mexico Water Flosser Market
9.1.5.3.1 Mexico Water Flosser Market by Power Type
9.1.5.3.2 Mexico Water Flosser Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Water Flosser Market Overview
9.2.2 Europe Water Flosser Market Forecasts and Analysis
9.2.3 Europe Water Flosser Market Forecasts and Analysis - By Power Type
9.2.4 Europe Water Flosser Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Water Flosser Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Water Flosser Market
9.2.5.1.1 Germany Water Flosser Market by Power Type
9.2.5.1.2 Germany Water Flosser Market by Distribution Channel
9.2.5.2 France Water Flosser Market
9.2.5.2.1 France Water Flosser Market by Power Type
9.2.5.2.2 France Water Flosser Market by Distribution Channel
9.2.5.3 Italy Water Flosser Market
9.2.5.3.1 Italy Water Flosser Market by Power Type
9.2.5.3.2 Italy Water Flosser Market by Distribution Channel
9.2.5.4 United Kingdom Water Flosser Market
9.2.5.4.1 United Kingdom Water Flosser Market by Power Type
9.2.5.4.2 United Kingdom Water Flosser Market by Distribution Channel
9.2.5.5 Russia Water Flosser Market
9.2.5.5.1 Russia Water Flosser Market by Power Type
9.2.5.5.2 Russia Water Flosser Market by Distribution Channel
9.2.5.6 Rest of Europe Water Flosser Market
9.2.5.6.1 Rest of Europe Water Flosser Market by Power Type
9.2.5.6.2 Rest of Europe Water Flosser Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Water Flosser Market Overview
9.3.2 Asia-Pacific Water Flosser Market Forecasts and Analysis
9.3.3 Asia-Pacific Water Flosser Market Forecasts and Analysis - By Power Type
9.3.4 Asia-Pacific Water Flosser Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Water Flosser Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Water Flosser Market
9.3.5.1.1 Australia Water Flosser Market by Power Type
9.3.5.1.2 Australia Water Flosser Market by Distribution Channel
9.3.5.2 China Water Flosser Market
9.3.5.2.1 China Water Flosser Market by Power Type
9.3.5.2.2 China Water Flosser Market by Distribution Channel
9.3.5.3 India Water Flosser Market
9.3.5.3.1 India Water Flosser Market by Power Type
9.3.5.3.2 India Water Flosser Market by Distribution Channel
9.3.5.4 Japan Water Flosser Market
9.3.5.4.1 Japan Water Flosser Market by Power Type
9.3.5.4.2 Japan Water Flosser Market by Distribution Channel
9.3.5.5 South Korea Water Flosser Market
9.3.5.5.1 South Korea Water Flosser Market by Power Type
9.3.5.5.2 South Korea Water Flosser Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Water Flosser Market
9.3.5.6.1 Rest of Asia-Pacific Water Flosser Market by Power Type
9.3.5.6.2 Rest of Asia-Pacific Water Flosser Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Water Flosser Market Overview
9.4.2 Middle East and Africa Water Flosser Market Forecasts and Analysis
9.4.3 Middle East and Africa Water Flosser Market Forecasts and Analysis - By Power Type
9.4.4 Middle East and Africa Water Flosser Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Water Flosser Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Water Flosser Market
9.4.5.1.1 South Africa Water Flosser Market by Power Type
9.4.5.1.2 South Africa Water Flosser Market by Distribution Channel
9.4.5.2 Saudi Arabia Water Flosser Market
9.4.5.2.1 Saudi Arabia Water Flosser Market by Power Type
9.4.5.2.2 Saudi Arabia Water Flosser Market by Distribution Channel
9.4.5.3 U.A.E Water Flosser Market
9.4.5.3.1 U.A.E Water Flosser Market by Power Type
9.4.5.3.2 U.A.E Water Flosser Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Water Flosser Market
9.4.5.4.1 Rest of Middle East and Africa Water Flosser Market by Power Type
9.4.5.4.2 Rest of Middle East and Africa Water Flosser Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Water Flosser Market Overview
9.5.2 South and Central America Water Flosser Market Forecasts and Analysis
9.5.3 South and Central America Water Flosser Market Forecasts and Analysis - By Power Type
9.5.4 South and Central America Water Flosser Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Water Flosser Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Water Flosser Market
9.5.5.1.1 Brazil Water Flosser Market by Power Type
9.5.5.1.2 Brazil Water Flosser Market by Distribution Channel
9.5.5.2 Argentina Water Flosser Market
9.5.5.2.1 Argentina Water Flosser Market by Power Type
9.5.5.2.2 Argentina Water Flosser Market by Distribution Channel
9.5.5.3 Rest of South and Central America Water Flosser Market
9.5.5.3.1 Rest of South and Central America Water Flosser Market by Power Type
9.5.5.3.2 Rest of South and Central America Water Flosser Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WATER FLOSSER MARKET, KEY COMPANY PROFILES
11.1. AQUAPICK CO. LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GINSEY HOME SOLUTIONS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HYDRO FLOSS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JETPIK
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KONINKLIJKE PHILIPS N.V.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ORAL BREEZE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANASONIC CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHENZHEN RELISH TECHNOLOGY CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOILETTREE PRODUCTS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WATER PIK, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Aquapick Co. Ltd.
2. Ginsey Home Solutions
3. Hydro Floss
4. Jetpik
5. Koninklijke Philips N.V.
6. Oral Breeze
7. Panasonic Corporation
8. Shenzhen Relish Technology Co., Ltd.
9. ToiletTree Products
10. Water Pik, 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.