Medical power supply is the supplies required for a variety of medical applications. Power supply equipment is discrete and standalone devices. There is a heavy demand for AC-DC Medical Power Supplies in the market. Characteristics such as infrastructural developments, advancements in medical power supply products are anticipated to drive the need for the market during the forecast period. The increased focus on home healthcare is a crucial factor responsible for bringing advantageous opportunities in the market for the future. The AC-DC medical Power Supply type of power supply is employed in MRI systems, CT scanners, X-ray monitors, and ECG monitors, to name a few. Some of the advantages of AC-DC medical power supply, like low energy consumption, low risk of current leakage, and greater efficiency supporting its market growth, making the end-users prefer the AC-DC Power Supplies.
MARKET SCOPE
The "Global AC-DC Medical Power Supply Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the AC-DC medical power supply market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading AC-DC medical power supply market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global AC-DC medical power supply market is segmented into 200w and below, 201w to 1000w, 1001w to 3000w, 3001w and above.
- On the basis of end use, the market is segmented into hospital, clinics, homecare settings, others.
MARKET DYNAMICS
Drivers
- Rise in the demand for portable and homecare devices.
- The escalation of diagnostic equipment's.
- Rise in the cases of chronic diseases.
- Increase in healthcare expenditure.
Restraints
- The complications in the adjusting to the device system is the major restraining factor for this market.
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 AC-DC medical power supply 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 marketduring 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 AC-DC medical power supply market in these regions.
IMPACT OF COVID-19 ON AC-DC MEDICAL POWER SUPPLY 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 and Africa (MEA), and South America. The AC-DC medical power supply 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 marketduring 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 AC-DC medical power supply market in these regions.
IMPACT OF COVID-19 ON AC-DC MEDICAL POWER SUPPLY 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the AC-DC medical power supply 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from AC-DC medical power supply market are anticipated to lucrative growth opportunities in the future with the rising demand for AC-DC medical power supply in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the AC-DC medical power supply 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.
- Delta Electronic
- RECOM Power
- Astrodyne TDI
- Excelsys
- CUI Inc
- Friwo Gerätebau
- Globtek
- Handy and Harman
- Inventus Power
- Mean Well Enterprises
The Insight Partner's dediAC-DC medical power supplyed research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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 AC-DC Medical Power Supply Market - By Type
1.3.2 AC-DC Medical Power Supply Market - By End Use
1.3.3 AC-DC Medical Power Supply Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AC-DC MEDICAL POWER SUPPLY 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AC-DC MEDICAL POWER SUPPLY 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. AC-DC MEDICAL POWER SUPPLY MARKET - GLOBAL MARKET ANALYSIS
6.1. AC-DC MEDICAL POWER SUPPLY - GLOBAL MARKET OVERVIEW
6.2. AC-DC MEDICAL POWER SUPPLY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AC-DC MEDICAL POWER SUPPLY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 200W AND BELOW
7.3.1. Overview
7.3.2. 200W and Below Market Forecast and Analysis
7.4. 201W TO 1000W
7.4.1. Overview
7.4.2. 201W to 1000W Market Forecast and Analysis
7.5. 1001W TO 3000W
7.5.1. Overview
7.5.2. 1001W to 3000W Market Forecast and Analysis
7.6. 3001W AND ABOVE
7.6.1. Overview
7.6.2. 3001W and Above Market Forecast and Analysis
8. AC-DC MEDICAL POWER SUPPLY MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. HOMECARE SETTINGS
8.5.1. Overview
8.5.2. Homecare Settings Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AC-DC MEDICAL POWER SUPPLY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America AC-DC Medical Power Supply Market Overview
9.1.2 North America AC-DC Medical Power Supply Market Forecasts and Analysis
9.1.3 North America AC-DC Medical Power Supply Market Forecasts and Analysis - By Type
9.1.4 North America AC-DC Medical Power Supply Market Forecasts and Analysis - By End Use
9.1.5 North America AC-DC Medical Power Supply Market Forecasts and Analysis - By Countries
9.1.5.1 United States AC-DC Medical Power Supply Market
9.1.5.1.1 United States AC-DC Medical Power Supply Market by Type
9.1.5.1.2 United States AC-DC Medical Power Supply Market by End Use
9.1.5.2 Canada AC-DC Medical Power Supply Market
9.1.5.2.1 Canada AC-DC Medical Power Supply Market by Type
9.1.5.2.2 Canada AC-DC Medical Power Supply Market by End Use
9.1.5.3 Mexico AC-DC Medical Power Supply Market
9.1.5.3.1 Mexico AC-DC Medical Power Supply Market by Type
9.1.5.3.2 Mexico AC-DC Medical Power Supply Market by End Use
9.2. EUROPE
9.2.1 Europe AC-DC Medical Power Supply Market Overview
9.2.2 Europe AC-DC Medical Power Supply Market Forecasts and Analysis
9.2.3 Europe AC-DC Medical Power Supply Market Forecasts and Analysis - By Type
9.2.4 Europe AC-DC Medical Power Supply Market Forecasts and Analysis - By End Use
9.2.5 Europe AC-DC Medical Power Supply Market Forecasts and Analysis - By Countries
9.2.5.1 Germany AC-DC Medical Power Supply Market
9.2.5.1.1 Germany AC-DC Medical Power Supply Market by Type
9.2.5.1.2 Germany AC-DC Medical Power Supply Market by End Use
9.2.5.2 France AC-DC Medical Power Supply Market
9.2.5.2.1 France AC-DC Medical Power Supply Market by Type
9.2.5.2.2 France AC-DC Medical Power Supply Market by End Use
9.2.5.3 Italy AC-DC Medical Power Supply Market
9.2.5.3.1 Italy AC-DC Medical Power Supply Market by Type
9.2.5.3.2 Italy AC-DC Medical Power Supply Market by End Use
9.2.5.4 Spain AC-DC Medical Power Supply Market
9.2.5.4.1 Spain AC-DC Medical Power Supply Market by Type
9.2.5.4.2 Spain AC-DC Medical Power Supply Market by End Use
9.2.5.5 United Kingdom AC-DC Medical Power Supply Market
9.2.5.5.1 United Kingdom AC-DC Medical Power Supply Market by Type
9.2.5.5.2 United Kingdom AC-DC Medical Power Supply Market by End Use
9.2.5.6 Rest of Europe AC-DC Medical Power Supply Market
9.2.5.6.1 Rest of Europe AC-DC Medical Power Supply Market by Type
9.2.5.6.2 Rest of Europe AC-DC Medical Power Supply Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific AC-DC Medical Power Supply Market Overview
9.3.2 Asia-Pacific AC-DC Medical Power Supply Market Forecasts and Analysis
9.3.3 Asia-Pacific AC-DC Medical Power Supply Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific AC-DC Medical Power Supply Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific AC-DC Medical Power Supply Market Forecasts and Analysis - By Countries
9.3.5.1 Australia AC-DC Medical Power Supply Market
9.3.5.1.1 Australia AC-DC Medical Power Supply Market by Type
9.3.5.1.2 Australia AC-DC Medical Power Supply Market by End Use
9.3.5.2 China AC-DC Medical Power Supply Market
9.3.5.2.1 China AC-DC Medical Power Supply Market by Type
9.3.5.2.2 China AC-DC Medical Power Supply Market by End Use
9.3.5.3 India AC-DC Medical Power Supply Market
9.3.5.3.1 India AC-DC Medical Power Supply Market by Type
9.3.5.3.2 India AC-DC Medical Power Supply Market by End Use
9.3.5.4 Japan AC-DC Medical Power Supply Market
9.3.5.4.1 Japan AC-DC Medical Power Supply Market by Type
9.3.5.4.2 Japan AC-DC Medical Power Supply Market by End Use
9.3.5.5 South Korea AC-DC Medical Power Supply Market
9.3.5.5.1 South Korea AC-DC Medical Power Supply Market by Type
9.3.5.5.2 South Korea AC-DC Medical Power Supply Market by End Use
9.3.5.6 Rest of Asia-Pacific AC-DC Medical Power Supply Market
9.3.5.6.1 Rest of Asia-Pacific AC-DC Medical Power Supply Market by Type
9.3.5.6.2 Rest of Asia-Pacific AC-DC Medical Power Supply Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa AC-DC Medical Power Supply Market Overview
9.4.2 Middle East and Africa AC-DC Medical Power Supply Market Forecasts and Analysis
9.4.3 Middle East and Africa AC-DC Medical Power Supply Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa AC-DC Medical Power Supply Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa AC-DC Medical Power Supply Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa AC-DC Medical Power Supply Market
9.4.5.1.1 South Africa AC-DC Medical Power Supply Market by Type
9.4.5.1.2 South Africa AC-DC Medical Power Supply Market by End Use
9.4.5.2 Saudi Arabia AC-DC Medical Power Supply Market
9.4.5.2.1 Saudi Arabia AC-DC Medical Power Supply Market by Type
9.4.5.2.2 Saudi Arabia AC-DC Medical Power Supply Market by End Use
9.4.5.3 U.A.E AC-DC Medical Power Supply Market
9.4.5.3.1 U.A.E AC-DC Medical Power Supply Market by Type
9.4.5.3.2 U.A.E AC-DC Medical Power Supply Market by End Use
9.4.5.4 Rest of Middle East and Africa AC-DC Medical Power Supply Market
9.4.5.4.1 Rest of Middle East and Africa AC-DC Medical Power Supply Market by Type
9.4.5.4.2 Rest of Middle East and Africa AC-DC Medical Power Supply Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America AC-DC Medical Power Supply Market Overview
9.5.2 South and Central America AC-DC Medical Power Supply Market Forecasts and Analysis
9.5.3 South and Central America AC-DC Medical Power Supply Market Forecasts and Analysis - By Type
9.5.4 South and Central America AC-DC Medical Power Supply Market Forecasts and Analysis - By End Use
9.5.5 South and Central America AC-DC Medical Power Supply Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil AC-DC Medical Power Supply Market
9.5.5.1.1 Brazil AC-DC Medical Power Supply Market by Type
9.5.5.1.2 Brazil AC-DC Medical Power Supply Market by End Use
9.5.5.2 Argentina AC-DC Medical Power Supply Market
9.5.5.2.1 Argentina AC-DC Medical Power Supply Market by Type
9.5.5.2.2 Argentina AC-DC Medical Power Supply Market by End Use
9.5.5.3 Rest of South and Central America AC-DC Medical Power Supply Market
9.5.5.3.1 Rest of South and Central America AC-DC Medical Power Supply Market by Type
9.5.5.3.2 Rest of South and Central America AC-DC Medical Power Supply Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL AC-DC MEDICAL POWER SUPPLY 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. AC-DC MEDICAL POWER SUPPLY MARKET, KEY COMPANY PROFILES
12.1. DELTA ELECTRONIC
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. RECOM POWER
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. ASTRODYNE TDI
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. EXCELSYS
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. CUI INC
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. FRIWO GERäTEBAU
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. GLOBTEK
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. HANDY AND HARMAN
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. INVENTUS POWER
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. MEAN WELL ENTERPRISES
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. Delta Electronic
2. RECOM Power
3. Astrodyne TDI
4. Excelsys
5. CUI Inc
6. Friwo Gerätebau
7. Globtek
8. Handy and Harman
9. Inventus Power
10. Mean Well Enterprises
11. Powerbox International
12. Synqor Inc
13. TDK Corporation
14. XP Power
15. Artesyn Embedded Technologies
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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