Wireless Blood Pressure Monitor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A wireless blood pressure monitor is a high-tech device used to monitor adults' blood pressure. These devices are compatible with smartphones and can be used to track blood pressure on a daily basis. The increased use of smartphones has resulted in increased investments and the development of innovative healthcare applications. Wireless blood pressure monitors are used to monitor blood pressure in cases of hypertension. These devices are smaller and easier to use than traditional medical equipment.
MARKET SCOPE
The Wireless Blood Pressure Monitor 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 Wireless Blood Pressure Monitor Market with detailed market segmentation by product type, technology, end-user, and geography. The report provides key statistics on the market status of the leading Wireless Blood Pressure Monitor Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the wireless blood pressure monitor market is segmented into Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitors, and Finger Blood Pressure Monitors.
- On the basis of technology, the Wireless Blood Pressure Monitor Market is segmented into Radio Frequency Identification Technology and Bluetooth Technology.
- On the basis of end-user, the market is segmented into Hospitals & Clinics, Home Care Settings, and Others.
MARKET DYNAMICS
Drivers:
- Changing lifestyle.
- Advancements in wireless blood pressure monitor devices.
- Rise in Government Initiatives in Preventive Health Care Programs.
- High Prevalence of Hypertension.
- Lack of accuracy of wireless blood pressure monitors in measuring blood pressure with high precision.
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 Wireless Blood Pressure Monitor 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 Wireless Blood Pressure Monitor Market in these regions.
IMPACT OF COVID-19 ON WIRELESS BLOOD PRESSURE MONITOR 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 market for Wireless Blood Pressure monitors is expected to grow due to the rising prevalence of chronic diseases resulting in a large number of patients undergoing surgeries.
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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 Wireless Blood Pressure Monitor 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 Wireless Blood Pressure Monitor Market in these regions.
IMPACT OF COVID-19 ON WIRELESS BLOOD PRESSURE MONITOR 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 market for Wireless Blood Pressure monitors is expected to grow due to the rising prevalence of chronic diseases resulting in a large number of patients undergoing surgeries.
MARKET PLAYERS
The report covers key developments in the Wireless Blood Pressure Monitor 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 in the Wireless Blood Pressure Monitor Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Wireless Blood Pressure Monitor Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Wireless Blood Pressure Monitor 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, and the key development in the past five years.
- Omron Healthcare, Inc.
- Koninklijke Philips N.V.
- Qardio, Inc.
- Nokia Corporation
- Xiaomi
- Blipcare
- Koogeek, Inc.
- Vive Health.
- iHealth Labs Inc.
- Pyle Audio
- 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 Wireless Blood Pressure Monitor Market - By Type
1.3.2 Wireless Blood Pressure Monitor Market - By Technology
1.3.3 Wireless Blood Pressure Monitor Market - By End-user
1.3.4 Wireless Blood Pressure Monitor Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WIRELESS BLOOD PRESSURE MONITOR 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. WIRELESS BLOOD PRESSURE MONITOR 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. WIRELESS BLOOD PRESSURE MONITOR MARKET - GLOBAL MARKET ANALYSIS
6.1. WIRELESS BLOOD PRESSURE MONITOR - GLOBAL MARKET OVERVIEW
6.2. WIRELESS BLOOD PRESSURE MONITOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WIRELESS BLOOD PRESSURE MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. UPPER ARM BLOOD PRESSURE MONITORS
7.3.1. Overview
7.3.2. Upper Arm Blood Pressure Monitors Market Forecast and Analysis
7.4. WRIST BLOOD PRESSURE MONITORS
7.4.1. Overview
7.4.2. Wrist Blood Pressure Monitors Market Forecast and Analysis
7.5. AND FINGER BLOOD PRESSURE MONITORS.
7.5.1. Overview
7.5.2. and Finger Blood Pressure Monitors. Market Forecast and Analysis
8. WIRELESS BLOOD PRESSURE MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. RADIO FREQUENCY IDENTIFICATION TECHNOLOGY
8.3.1. Overview
8.3.2. Radio Frequency Identification technology Market Forecast and Analysis
8.4. BLUETOOTH TECHNOLOGY.
8.4.1. Overview
8.4.2. Bluetooth technology. Market Forecast and Analysis
9. WIRELESS BLOOD PRESSURE MONITOR 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. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. HOME CARE SETTINGS
9.5.1. Overview
9.5.2. Home care settings Market Forecast and Analysis
9.6. AND OTHERS.
9.6.1. Overview
9.6.2. and Others. Market Forecast and Analysis
10. WIRELESS BLOOD PRESSURE MONITOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Wireless Blood Pressure Monitor Market Overview
10.1.2 North America Wireless Blood Pressure Monitor Market Forecasts and Analysis
10.1.3 North America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Type
10.1.4 North America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Technology
10.1.5 North America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By End-user
10.1.6 North America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Countries
10.1.6.1 United States Wireless Blood Pressure Monitor Market
10.1.6.1.1 United States Wireless Blood Pressure Monitor Market by Type
10.1.6.1.2 United States Wireless Blood Pressure Monitor Market by Technology
10.1.6.1.3 United States Wireless Blood Pressure Monitor Market by End-user
10.1.6.2 Canada Wireless Blood Pressure Monitor Market
10.1.6.2.1 Canada Wireless Blood Pressure Monitor Market by Type
10.1.6.2.2 Canada Wireless Blood Pressure Monitor Market by Technology
10.1.6.2.3 Canada Wireless Blood Pressure Monitor Market by End-user
10.1.6.3 Mexico Wireless Blood Pressure Monitor Market
10.1.6.3.1 Mexico Wireless Blood Pressure Monitor Market by Type
10.1.6.3.2 Mexico Wireless Blood Pressure Monitor Market by Technology
10.1.6.3.3 Mexico Wireless Blood Pressure Monitor Market by End-user
10.2. EUROPE
10.2.1 Europe Wireless Blood Pressure Monitor Market Overview
10.2.2 Europe Wireless Blood Pressure Monitor Market Forecasts and Analysis
10.2.3 Europe Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Type
10.2.4 Europe Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Technology
10.2.5 Europe Wireless Blood Pressure Monitor Market Forecasts and Analysis - By End-user
10.2.6 Europe Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Wireless Blood Pressure Monitor Market
10.2.6.1.1 Germany Wireless Blood Pressure Monitor Market by Type
10.2.6.1.2 Germany Wireless Blood Pressure Monitor Market by Technology
10.2.6.1.3 Germany Wireless Blood Pressure Monitor Market by End-user
10.2.6.2 France Wireless Blood Pressure Monitor Market
10.2.6.2.1 France Wireless Blood Pressure Monitor Market by Type
10.2.6.2.2 France Wireless Blood Pressure Monitor Market by Technology
10.2.6.2.3 France Wireless Blood Pressure Monitor Market by End-user
10.2.6.3 Italy Wireless Blood Pressure Monitor Market
10.2.6.3.1 Italy Wireless Blood Pressure Monitor Market by Type
10.2.6.3.2 Italy Wireless Blood Pressure Monitor Market by Technology
10.2.6.3.3 Italy Wireless Blood Pressure Monitor Market by End-user
10.2.6.4 United Kingdom Wireless Blood Pressure Monitor Market
10.2.6.4.1 United Kingdom Wireless Blood Pressure Monitor Market by Type
10.2.6.4.2 United Kingdom Wireless Blood Pressure Monitor Market by Technology
10.2.6.4.3 United Kingdom Wireless Blood Pressure Monitor Market by End-user
10.2.6.5 Russia Wireless Blood Pressure Monitor Market
10.2.6.5.1 Russia Wireless Blood Pressure Monitor Market by Type
10.2.6.5.2 Russia Wireless Blood Pressure Monitor Market by Technology
10.2.6.5.3 Russia Wireless Blood Pressure Monitor Market by End-user
10.2.6.6 Rest of Europe Wireless Blood Pressure Monitor Market
10.2.6.6.1 Rest of Europe Wireless Blood Pressure Monitor Market by Type
10.2.6.6.2 Rest of Europe Wireless Blood Pressure Monitor Market by Technology
10.2.6.6.3 Rest of Europe Wireless Blood Pressure Monitor Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Wireless Blood Pressure Monitor Market Overview
10.3.2 Asia-Pacific Wireless Blood Pressure Monitor Market Forecasts and Analysis
10.3.3 Asia-Pacific Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Wireless Blood Pressure Monitor Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Wireless Blood Pressure Monitor Market
10.3.6.1.1 Australia Wireless Blood Pressure Monitor Market by Type
10.3.6.1.2 Australia Wireless Blood Pressure Monitor Market by Technology
10.3.6.1.3 Australia Wireless Blood Pressure Monitor Market by End-user
10.3.6.2 China Wireless Blood Pressure Monitor Market
10.3.6.2.1 China Wireless Blood Pressure Monitor Market by Type
10.3.6.2.2 China Wireless Blood Pressure Monitor Market by Technology
10.3.6.2.3 China Wireless Blood Pressure Monitor Market by End-user
10.3.6.3 India Wireless Blood Pressure Monitor Market
10.3.6.3.1 India Wireless Blood Pressure Monitor Market by Type
10.3.6.3.2 India Wireless Blood Pressure Monitor Market by Technology
10.3.6.3.3 India Wireless Blood Pressure Monitor Market by End-user
10.3.6.4 Japan Wireless Blood Pressure Monitor Market
10.3.6.4.1 Japan Wireless Blood Pressure Monitor Market by Type
10.3.6.4.2 Japan Wireless Blood Pressure Monitor Market by Technology
10.3.6.4.3 Japan Wireless Blood Pressure Monitor Market by End-user
10.3.6.5 South Korea Wireless Blood Pressure Monitor Market
10.3.6.5.1 South Korea Wireless Blood Pressure Monitor Market by Type
10.3.6.5.2 South Korea Wireless Blood Pressure Monitor Market by Technology
10.3.6.5.3 South Korea Wireless Blood Pressure Monitor Market by End-user
10.3.6.6 Rest of Asia-Pacific Wireless Blood Pressure Monitor Market
10.3.6.6.1 Rest of Asia-Pacific Wireless Blood Pressure Monitor Market by Type
10.3.6.6.2 Rest of Asia-Pacific Wireless Blood Pressure Monitor Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Wireless Blood Pressure Monitor Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Wireless Blood Pressure Monitor Market Overview
10.4.2 Middle East and Africa Wireless Blood Pressure Monitor Market Forecasts and Analysis
10.4.3 Middle East and Africa Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Wireless Blood Pressure Monitor Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Wireless Blood Pressure Monitor Market
10.4.6.1.1 South Africa Wireless Blood Pressure Monitor Market by Type
10.4.6.1.2 South Africa Wireless Blood Pressure Monitor Market by Technology
10.4.6.1.3 South Africa Wireless Blood Pressure Monitor Market by End-user
10.4.6.2 Saudi Arabia Wireless Blood Pressure Monitor Market
10.4.6.2.1 Saudi Arabia Wireless Blood Pressure Monitor Market by Type
10.4.6.2.2 Saudi Arabia Wireless Blood Pressure Monitor Market by Technology
10.4.6.2.3 Saudi Arabia Wireless Blood Pressure Monitor Market by End-user
10.4.6.3 U.A.E Wireless Blood Pressure Monitor Market
10.4.6.3.1 U.A.E Wireless Blood Pressure Monitor Market by Type
10.4.6.3.2 U.A.E Wireless Blood Pressure Monitor Market by Technology
10.4.6.3.3 U.A.E Wireless Blood Pressure Monitor Market by End-user
10.4.6.4 Rest of Middle East and Africa Wireless Blood Pressure Monitor Market
10.4.6.4.1 Rest of Middle East and Africa Wireless Blood Pressure Monitor Market by Type
10.4.6.4.2 Rest of Middle East and Africa Wireless Blood Pressure Monitor Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Wireless Blood Pressure Monitor Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Wireless Blood Pressure Monitor Market Overview
10.5.2 South and Central America Wireless Blood Pressure Monitor Market Forecasts and Analysis
10.5.3 South and Central America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Type
10.5.4 South and Central America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Wireless Blood Pressure Monitor Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Wireless Blood Pressure Monitor Market
10.5.6.1.1 Brazil Wireless Blood Pressure Monitor Market by Type
10.5.6.1.2 Brazil Wireless Blood Pressure Monitor Market by Technology
10.5.6.1.3 Brazil Wireless Blood Pressure Monitor Market by End-user
10.5.6.2 Argentina Wireless Blood Pressure Monitor Market
10.5.6.2.1 Argentina Wireless Blood Pressure Monitor Market by Type
10.5.6.2.2 Argentina Wireless Blood Pressure Monitor Market by Technology
10.5.6.2.3 Argentina Wireless Blood Pressure Monitor Market by End-user
10.5.6.3 Rest of South and Central America Wireless Blood Pressure Monitor Market
10.5.6.3.1 Rest of South and Central America Wireless Blood Pressure Monitor Market by Type
10.5.6.3.2 Rest of South and Central America Wireless Blood Pressure Monitor Market by Technology
10.5.6.3.3 Rest of South and Central America Wireless Blood Pressure Monitor Market by End-user
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL WIRELESS BLOOD PRESSURE MONITOR MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. WIRELESS BLOOD PRESSURE MONITOR MARKET, KEY COMPANY PROFILES
13.1. OMRON HEALTHCARE, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. KONINKLIJKE PHILIPS N.V.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. QARDIO, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. NOKIA CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. XIAOMI
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. BLIPCARE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KOOGEEK,INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. VIVE HEALTH
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. IHEALTH LABS INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. PYLE AUDIO
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Omron Healthcare, Inc.
2. Koninklijke Philips N.V.
3. Qardio, Inc.
4. Nokia Corporation
5. Xiaomi
6. Blipcare
7. Koogeek, Inc.
8. Vive Health.
9. iHealth Labs Inc.
10. Pyle Audio
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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