The Balloon Catheter Pumps Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Intra-aortic Balloon Pump (IABP) Console, Intra-aortic Balloon Catheters, Introducer Tray). Also, the report is segmented based on Application (Chronic Heart Failure, Coronary Artery Disease). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Balloon Catheter Pumps Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Balloon Catheter Pumps Market Segmentation
Product Type- Intra-aortic Balloon Pump Console
- Intra-aortic Balloon Catheters
- Introducer Tray
- Chronic Heart Failure
- Coronary Artery Disease
Strategic Insights
Balloon Catheter Pumps Market Growth Drivers- Rising Trends of CVDs: The increasing cases of cardiovascular diseases, including but not limited to, coronary artery disease, heart failure, and peripheral artery disease has considerably influenced the growth of the balloon catheter pump market. All balloons advanced catheter pumps are used in angioplasty and stent placement by widening the occluded blood vessels restoring the blood flow. With the ever-increasing global cases of heart-related conditions, there is also an increasing request for these implants in the area of interventional cardiology.
- Increasing Trends of CVDs: The increasing occurrences of cardiovascular diseases, which include coronary artery disease, heart failure, and peripheral artery disease have been greatly affecting the balloon catheter pump market. All balloons advanced catheter pumps are applied in angioplasty and stent placement by opening up the occluded blood vessels thus restoring the flow of blood. Correspondingly, the global rise in cases of heart-related conditions also raises an increasing demand in the field of interventional cardiology for such implants.
- Growth of Minimally-Invasive Surgical Procedures: This advancement also has an impact on the application of balloon catheter pumps in the new procedures that are performed today. These balloons are filled with air inside a balloon during endovascular intervention of vessels such as during an angioplasty with perfusion of the balloon enables recovery within hours and also very few if any re-intervention. Since things are no longer very surgical in Cardiology, Vascular surgery, to a great extent, even in non-cardiac areas, the balloon catheter pumps trend has shown an increase due to the advancement of the result of the procedures.
- Development of Bioabsorbable Balloon Catheters: The bioabsorbable balloon catheters’ development is a new evolving concept in the market which can be beneficial to have in the long-term care of patients. As opposed to the standard balloon catheters which have to be removed after use, the bioabsorbable types dissolve in the patient’s body after they serve their purpose thereby decreasing the need for procedures after the primary one and the chances of possible side effects. This new construct is proving to be very useful more so in vascular procedures as it seeks to meet the demand of patients who desire the procedures to be as safe as possible.
- Shift Towards Drug-Eluting Balloons: A specific change in the balloon catheter pump market is the growing usage of drug eluting balloon (DEB) catheters. In these catheters, therapeutic drugs are placed into the walls of the arteries during angioplasty procedures which helps in targeting restenosis (re-narrowing of the artery) and augmenting better outcomes with time. This trend is becoming more pronounced in complicated heart procedures, given that DEB catheters facilitate mechanical dilation of the artery and drug healing, which improves the efficacy of balloon angioplasty.
- Emphasis on User Friendly and Patient Oriented Design: The recent trend is to design and manufacture operating balloon catheter pumps oriented to the patient and easy to use. Producers are improving the ergonomic characteristics of pumps, which are more controllable for clinicians and reduce the time of the procedures. This trend indicates changes in the health system and is aimed at improving the patient experience as well as minimizing the risk and duration of invasive procedures. Clinical efficiency and patient satisfaction are improved by the advent of new and simple effective devices.
- Vertically Integrating into Emerging Markets: One of the most promising opportunities in the balloon catheter pump market is vertical integration to encompass fumbling regions such as the Asia Pacific, Latin America and Africa. These markets are in turn characterized by increasing healthcare spending and a rising burden of cardiovascular diseases which leads to high demand for advanced interventional cardiology equipment including balloon catheter pumps. Manufacturers can exploit these regions by offering low-cost high-value products relative to the dominant low-tech healthcare systems thus encouraging low-cost market entry.
- Balloon Catheters for Peripheral Artery Disease (PAD) Treatment Are on the Rise: The growing prevalence of peripheral artery disease (PAD) around the world is creating a rising trend for balloon catheter pumps in the management of patients with PAD. Most patients suffering from PAD undergo a device called a balloon catheter which is inserted within the narrowed arteries and inflated in order to restore normal blood flow. Given the rising geriatric population and other risk factors associated with lifestyle such as smoking which in turn increases the incidence of patients with PAD, the usage of balloon catheter pumps in treatment of PAD is likely to go up greatly, hence a profitable market prospect.
- Incorporation of Additional Advanced Monitoring Features: There exists an untapped potential for integration of existing advanced monitoring technologies within balloon catheter pumps. Devices that include pressure gauges, flow mounters, and even self-regulators will enable more control during the operation. Such features can improve safety and effectiveness of balloon angioplasties, making the pumps appealing to physicians who do not take risks in such complex procedures. This presents an opportunity for the drug manufacturers to make their products innovative through the addition of extra complex features.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Balloon Catheter Pumps Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Balloon Catheter Pumps Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Balloon Catheter Pumps Market is estimated to witness a CAGR of 7% from 2023 to 2031
North America region accounted for the accounted for the highest market share
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
Asia Pacific region is the fastest growing in the market
Teleflex Corporation, Zeon Corporation., Cook Medical accounted for major market shares in the year 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Balloon Catheter Pumps Market - By Product Type
1.3.2 Balloon Catheter Pumps Market - By Application
1.3.3 Balloon Catheter Pumps Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BALLOON CATHETER PUMPS 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. BALLOON CATHETER PUMPS 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. BALLOON CATHETER PUMPS MARKET - GLOBAL MARKET ANALYSIS
6.1. BALLOON CATHETER PUMPS - GLOBAL MARKET OVERVIEW
6.2. BALLOON CATHETER PUMPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BALLOON CATHETER PUMPS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. INTRA-AORTIC BALLOON PUMP (IABP) CONSOLE
7.3.1. Overview
7.3.2. Intra-aortic Balloon Pump (IABP) Console Market Forecast and Analysis
7.4. INTRA-AORTIC BALLOON CATHETERS
7.4.1. Overview
7.4.2. Intra-aortic Balloon Catheters Market Forecast and Analysis
7.5. INTRODUCER TRAY
7.5.1. Overview
7.5.2. Introducer Tray Market Forecast and Analysis
8. BALLOON CATHETER PUMPS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHRONIC HEART FAILURE
8.3.1. Overview
8.3.2. Chronic Heart Failure Market Forecast and Analysis
8.4. CORONARY ARTERY DISEASE
8.4.1. Overview
8.4.2. Coronary Artery Disease Market Forecast and Analysis
9. BALLOON CATHETER PUMPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Balloon Catheter Pumps Market Overview
9.1.2 North America Balloon Catheter Pumps Market Forecasts and Analysis
9.1.3 North America Balloon Catheter Pumps Market Forecasts and Analysis - By Product Type
9.1.4 North America Balloon Catheter Pumps Market Forecasts and Analysis - By Application
9.1.5 North America Balloon Catheter Pumps Market Forecasts and Analysis - By Countries
9.1.5.1 United States Balloon Catheter Pumps Market
9.1.5.1.1 United States Balloon Catheter Pumps Market by Product Type
9.1.5.1.2 United States Balloon Catheter Pumps Market by Application
9.1.5.2 Canada Balloon Catheter Pumps Market
9.1.5.2.1 Canada Balloon Catheter Pumps Market by Product Type
9.1.5.2.2 Canada Balloon Catheter Pumps Market by Application
9.1.5.3 Mexico Balloon Catheter Pumps Market
9.1.5.3.1 Mexico Balloon Catheter Pumps Market by Product Type
9.1.5.3.2 Mexico Balloon Catheter Pumps Market by Application
9.2. EUROPE
9.2.1 Europe Balloon Catheter Pumps Market Overview
9.2.2 Europe Balloon Catheter Pumps Market Forecasts and Analysis
9.2.3 Europe Balloon Catheter Pumps Market Forecasts and Analysis - By Product Type
9.2.4 Europe Balloon Catheter Pumps Market Forecasts and Analysis - By Application
9.2.5 Europe Balloon Catheter Pumps Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Balloon Catheter Pumps Market
9.2.5.1.1 Germany Balloon Catheter Pumps Market by Product Type
9.2.5.1.2 Germany Balloon Catheter Pumps Market by Application
9.2.5.2 France Balloon Catheter Pumps Market
9.2.5.2.1 France Balloon Catheter Pumps Market by Product Type
9.2.5.2.2 France Balloon Catheter Pumps Market by Application
9.2.5.3 Italy Balloon Catheter Pumps Market
9.2.5.3.1 Italy Balloon Catheter Pumps Market by Product Type
9.2.5.3.2 Italy Balloon Catheter Pumps Market by Application
9.2.5.4 Spain Balloon Catheter Pumps Market
9.2.5.4.1 Spain Balloon Catheter Pumps Market by Product Type
9.2.5.4.2 Spain Balloon Catheter Pumps Market by Application
9.2.5.5 United Kingdom Balloon Catheter Pumps Market
9.2.5.5.1 United Kingdom Balloon Catheter Pumps Market by Product Type
9.2.5.5.2 United Kingdom Balloon Catheter Pumps Market by Application
9.2.5.6 Rest of Europe Balloon Catheter Pumps Market
9.2.5.6.1 Rest of Europe Balloon Catheter Pumps Market by Product Type
9.2.5.6.2 Rest of Europe Balloon Catheter Pumps Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Balloon Catheter Pumps Market Overview
9.3.2 Asia-Pacific Balloon Catheter Pumps Market Forecasts and Analysis
9.3.3 Asia-Pacific Balloon Catheter Pumps Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Balloon Catheter Pumps Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Balloon Catheter Pumps Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Balloon Catheter Pumps Market
9.3.5.1.1 Australia Balloon Catheter Pumps Market by Product Type
9.3.5.1.2 Australia Balloon Catheter Pumps Market by Application
9.3.5.2 China Balloon Catheter Pumps Market
9.3.5.2.1 China Balloon Catheter Pumps Market by Product Type
9.3.5.2.2 China Balloon Catheter Pumps Market by Application
9.3.5.3 India Balloon Catheter Pumps Market
9.3.5.3.1 India Balloon Catheter Pumps Market by Product Type
9.3.5.3.2 India Balloon Catheter Pumps Market by Application
9.3.5.4 Japan Balloon Catheter Pumps Market
9.3.5.4.1 Japan Balloon Catheter Pumps Market by Product Type
9.3.5.4.2 Japan Balloon Catheter Pumps Market by Application
9.3.5.5 South Korea Balloon Catheter Pumps Market
9.3.5.5.1 South Korea Balloon Catheter Pumps Market by Product Type
9.3.5.5.2 South Korea Balloon Catheter Pumps Market by Application
9.3.5.6 Rest of Asia-Pacific Balloon Catheter Pumps Market
9.3.5.6.1 Rest of Asia-Pacific Balloon Catheter Pumps Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Balloon Catheter Pumps Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Balloon Catheter Pumps Market Overview
9.4.2 Middle East and Africa Balloon Catheter Pumps Market Forecasts and Analysis
9.4.3 Middle East and Africa Balloon Catheter Pumps Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Balloon Catheter Pumps Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Balloon Catheter Pumps Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Balloon Catheter Pumps Market
9.4.5.1.1 South Africa Balloon Catheter Pumps Market by Product Type
9.4.5.1.2 South Africa Balloon Catheter Pumps Market by Application
9.4.5.2 Saudi Arabia Balloon Catheter Pumps Market
9.4.5.2.1 Saudi Arabia Balloon Catheter Pumps Market by Product Type
9.4.5.2.2 Saudi Arabia Balloon Catheter Pumps Market by Application
9.4.5.3 U.A.E Balloon Catheter Pumps Market
9.4.5.3.1 U.A.E Balloon Catheter Pumps Market by Product Type
9.4.5.3.2 U.A.E Balloon Catheter Pumps Market by Application
9.4.5.4 Rest of Middle East and Africa Balloon Catheter Pumps Market
9.4.5.4.1 Rest of Middle East and Africa Balloon Catheter Pumps Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Balloon Catheter Pumps Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Balloon Catheter Pumps Market Overview
9.5.2 South and Central America Balloon Catheter Pumps Market Forecasts and Analysis
9.5.3 South and Central America Balloon Catheter Pumps Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Balloon Catheter Pumps Market Forecasts and Analysis - By Application
9.5.5 South and Central America Balloon Catheter Pumps Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Balloon Catheter Pumps Market
9.5.5.1.1 Brazil Balloon Catheter Pumps Market by Product Type
9.5.5.1.2 Brazil Balloon Catheter Pumps Market by Application
9.5.5.2 Argentina Balloon Catheter Pumps Market
9.5.5.2.1 Argentina Balloon Catheter Pumps Market by Product Type
9.5.5.2.2 Argentina Balloon Catheter Pumps Market by Application
9.5.5.3 Rest of South and Central America Balloon Catheter Pumps Market
9.5.5.3.1 Rest of South and Central America Balloon Catheter Pumps Market by Product Type
9.5.5.3.2 Rest of South and Central America Balloon Catheter Pumps Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL BALLOON CATHETER PUMPS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
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. BALLOON CATHETER PUMPS MARKET, KEY COMPANY PROFILES
12.1. TELEFLEX CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. MAQUET HOLDING B.V. AND CO. KG. (GETINGE GROUP)
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. ZEON CORPORATION
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. TOKAI MEDICAL PRODUCTS INC.
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. SENKO MEDICAL INSTRUMENT MFG. CO., LTD.
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. INTERVALVE INC.
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. INSIGHTRA MEDICAL, INC.
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. NIPRO
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. SCITECH MEDICAL
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. COOK MEDICAL
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. Teleflex Corporation
2. MAQUET Holding B.V. & Co. KG. (Getinge Group)
3. Zeon Corporation
4. Tokai Medical Products Inc.
5. SENKO MEDICAL INSTRUMENT Mfg. CO., LTD.
6. InterValve Inc.
7. Insightra Medical, Inc.
8. Nipro
9. Scitech Medical
10. Cook Medical
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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