The Gamma Probe Device Market is expected to register a CAGR of 8% 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 Modality (Mobile, Standalone). Also, the report is segmented based on Application (Sentinel Lymph Node Mapping, Parathyroid Surgery). Further, the report is segmented based on End User (Hospital, Ambulatory Surgical Centers, Other End Users). 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 Gamma Probe Device 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.
Gamma Probe Device Market Segmentation
Modality- Mobile
- Standalone
- Sentinel Lymph Node Mapping
- Parathyroid Surgery
Strategic Insights
Gamma Probe Device Market Growth Drivers- Efficient Healthcare Technology: The Gamma Probe Device market is driven by advancements in precision medicine, enabling targeted treatments and diagnostics. In that context, as the healthcare sector is shifting towards more personalized therapies, the focus on the accurate localization of the tumors also increases. Gamma probes limit the resection of healthy tissue by pinpointing the areas for intervention by the use of radioactive isotopes detected at the time of surgery thereby improving surgical outcomes and while its use is also aligned with the rising need to individualize care for patients.
- Increase in the Cancer Patients Around the World: The key reason for the increase demand for Gamma Probe Device market is, the rising number of newly diagnosed cancers. Since early detection and precise surgical excision are fundamental to the success of patient care, these devices are of great importance during surgery for cancers. With the increasing incidence of cancer, the healthcare system is compelled to develop and innovate, hence the use of gamma probes in operating theaters and scanning centers is on the rise.
- New Product Development: Technological innovations in gamma probe devices, for instance, miniaturization and superior sensitivity, are helping the market growth. These developments enhance usability and diagnostic precision increasing their market appeal to the medical practitioners. In a climate where hospitals are searching for more advanced and effective portable surgical instruments, the purpose of incorporating advanced features in use of gamma probes is in tandem with the need for improved clinical outcomes which leads to more usage of this device in other medical places.
- Minimally Invasive Surgical Techniques: One of the striking tendencies in the Gamma Probe Device market is the transition towards carrying out surgery in a less invasive manner than before. Patients’ needs for more non-invasive operating techniques have made it necessary to use the gamma probes to localize the tumor in smaller incisions. This is beneficial to the patients as it reduces the recovery times and the periods spent in hospital, thereby increasing the use of the gamma probes in surgeries that exhibit precision and minimal invasiveness.
- Emergence of New Healthcare Trends: Patient-Centric Approaches: Currently, in the Gamma Probe Device market, there is an increase in patient care – patient focus being the key that necessitates technologies that not only seek to improve surgical outcomes but also to transform the patient experience. In view of the fact that health care system are moving towards providing services which are more personalized to the patients, gamma probes are of utmost importance in enabling the precise location of unwanted growths hence ensuring that prognosis and subsequent management of the patient is specific to the problem which is in tandem with the current developments in health care provision.
- Applicability of AI and Machine Learning: The AI and machine learning models to assist the surgeons in the processes involving Gamma Probe Device market is a change in the level at which these inputs are used. These technologies also allow the gamma probes to be more powerful as they allow for predictive analysis and improved image interpretation. However, as the availability of guides based on AI continues to provide insight for ease of operations and efficiency in the localization of tumours, radiologists will adopt this practice more and more to improve preoperative and postoperative care.
- Expansion into Emerging Markets: The Gamma Probe Device market has vast possibilities for expansion in the emerging markets, which is due to the almost non-existent healthcare facilities in most of the countries. These regions are also paying more attention to cancer and as such the need for modern diagnostic equipment goes high. After Collaborations with local healthcare institutions and cheap provisions, manufacturers are able reach a large market that looks advanced medical technologies for effective treatment.
- Integration with Advanced Imaging Techniques: A scope for the Gamma Probe Device market exists, particularly when advanced imaging techniques, including hybrid imaging systems come into the picture. For example, when gamma probes are incorporated with machine such as PET or SPECT, the implant with the cancer cell can be positioned more accurately prior to surgery. This integration is beneficial in that it creates more purpose for available devices but also supports the existing future trend of diagnosis in cancer treatment being multimodal.
- Development of Enhanced Training Programs: The Gamma Probe Device market can take advantage of development especially in the enhancement of training programs for healthcare workers. With improving technology there is always need for continued training so as to use the devices effectively. This is achieved by making available training modules and workshops which help physicians and their staff in the effective use of gamma probes resulting to better treatment of patients and increase in adherence to the products.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gamma Probe Device 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 Gamma Probe Device 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
Asia Pacific region is the fastest growing in the market
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
Hologic, Inc, Thermo Fisher Scientific, and Berkeley Nucleonics Corporation accounted for major market shares in the year 2023
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.
The Gamma Probe Device Market is estimated to witness a CAGR of 8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gamma Probe Device Market - By Modality
1.3.2 Gamma Probe Device Market - By Application
1.3.3 Gamma Probe Device Market - By End User
1.3.4 Gamma Probe Device Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GAMMA PROBE DEVICE 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. GAMMA PROBE DEVICE 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. GAMMA PROBE DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. GAMMA PROBE DEVICE - GLOBAL MARKET OVERVIEW
6.2. GAMMA PROBE DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GAMMA PROBE DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
7.1. OVERVIEW
7.2. MODALITY MARKET FORECASTS AND ANALYSIS
7.3. MOBILE
7.3.1. Overview
7.3.2. Mobile Market Forecast and Analysis
7.4. STANDALONE
7.4.1. Overview
7.4.2. Standalone Market Forecast and Analysis
8. GAMMA PROBE DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SENTINEL LYMPH NODE MAPPING
8.3.1. Overview
8.3.2. Sentinel Lymph Node Mapping Market Forecast and Analysis
8.4. PARATHYROID SURGERY
8.4.1. Overview
8.4.2. Parathyroid Surgery Market Forecast and Analysis
9. GAMMA PROBE DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL
9.3.1. Overview
9.3.2. Hospital Market Forecast and Analysis
9.4. AMBULATORY SURGICAL CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.5. OTHER END USERS
9.5.1. Overview
9.5.2. Other End Users Market Forecast and Analysis
10. GAMMA PROBE DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Gamma Probe Device Market Overview
10.1.2 North America Gamma Probe Device Market Forecasts and Analysis
10.1.3 North America Gamma Probe Device Market Forecasts and Analysis - By Modality
10.1.4 North America Gamma Probe Device Market Forecasts and Analysis - By Application
10.1.5 North America Gamma Probe Device Market Forecasts and Analysis - By End User
10.1.6 North America Gamma Probe Device Market Forecasts and Analysis - By Countries
10.1.6.1 United States Gamma Probe Device Market
10.1.6.1.1 United States Gamma Probe Device Market by Modality
10.1.6.1.2 United States Gamma Probe Device Market by Application
10.1.6.1.3 United States Gamma Probe Device Market by End User
10.1.6.2 Canada Gamma Probe Device Market
10.1.6.2.1 Canada Gamma Probe Device Market by Modality
10.1.6.2.2 Canada Gamma Probe Device Market by Application
10.1.6.2.3 Canada Gamma Probe Device Market by End User
10.1.6.3 Mexico Gamma Probe Device Market
10.1.6.3.1 Mexico Gamma Probe Device Market by Modality
10.1.6.3.2 Mexico Gamma Probe Device Market by Application
10.1.6.3.3 Mexico Gamma Probe Device Market by End User
10.2. EUROPE
10.2.1 Europe Gamma Probe Device Market Overview
10.2.2 Europe Gamma Probe Device Market Forecasts and Analysis
10.2.3 Europe Gamma Probe Device Market Forecasts and Analysis - By Modality
10.2.4 Europe Gamma Probe Device Market Forecasts and Analysis - By Application
10.2.5 Europe Gamma Probe Device Market Forecasts and Analysis - By End User
10.2.6 Europe Gamma Probe Device Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Gamma Probe Device Market
10.2.6.1.1 Germany Gamma Probe Device Market by Modality
10.2.6.1.2 Germany Gamma Probe Device Market by Application
10.2.6.1.3 Germany Gamma Probe Device Market by End User
10.2.6.2 France Gamma Probe Device Market
10.2.6.2.1 France Gamma Probe Device Market by Modality
10.2.6.2.2 France Gamma Probe Device Market by Application
10.2.6.2.3 France Gamma Probe Device Market by End User
10.2.6.3 Italy Gamma Probe Device Market
10.2.6.3.1 Italy Gamma Probe Device Market by Modality
10.2.6.3.2 Italy Gamma Probe Device Market by Application
10.2.6.3.3 Italy Gamma Probe Device Market by End User
10.2.6.4 Spain Gamma Probe Device Market
10.2.6.4.1 Spain Gamma Probe Device Market by Modality
10.2.6.4.2 Spain Gamma Probe Device Market by Application
10.2.6.4.3 Spain Gamma Probe Device Market by End User
10.2.6.5 United Kingdom Gamma Probe Device Market
10.2.6.5.1 United Kingdom Gamma Probe Device Market by Modality
10.2.6.5.2 United Kingdom Gamma Probe Device Market by Application
10.2.6.5.3 United Kingdom Gamma Probe Device Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Gamma Probe Device Market Overview
10.3.2 Asia-Pacific Gamma Probe Device Market Forecasts and Analysis
10.3.3 Asia-Pacific Gamma Probe Device Market Forecasts and Analysis - By Modality
10.3.4 Asia-Pacific Gamma Probe Device Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Gamma Probe Device Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Gamma Probe Device Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Gamma Probe Device Market
10.3.6.1.1 Australia Gamma Probe Device Market by Modality
10.3.6.1.2 Australia Gamma Probe Device Market by Application
10.3.6.1.3 Australia Gamma Probe Device Market by End User
10.3.6.2 China Gamma Probe Device Market
10.3.6.2.1 China Gamma Probe Device Market by Modality
10.3.6.2.2 China Gamma Probe Device Market by Application
10.3.6.2.3 China Gamma Probe Device Market by End User
10.3.6.3 India Gamma Probe Device Market
10.3.6.3.1 India Gamma Probe Device Market by Modality
10.3.6.3.2 India Gamma Probe Device Market by Application
10.3.6.3.3 India Gamma Probe Device Market by End User
10.3.6.4 Japan Gamma Probe Device Market
10.3.6.4.1 Japan Gamma Probe Device Market by Modality
10.3.6.4.2 Japan Gamma Probe Device Market by Application
10.3.6.4.3 Japan Gamma Probe Device Market by End User
10.3.6.5 South Korea Gamma Probe Device Market
10.3.6.5.1 South Korea Gamma Probe Device Market by Modality
10.3.6.5.2 South Korea Gamma Probe Device Market by Application
10.3.6.5.3 South Korea Gamma Probe Device Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Gamma Probe Device Market Overview
10.4.2 Middle East and Africa Gamma Probe Device Market Forecasts and Analysis
10.4.3 Middle East and Africa Gamma Probe Device Market Forecasts and Analysis - By Modality
10.4.4 Middle East and Africa Gamma Probe Device Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Gamma Probe Device Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Gamma Probe Device Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Gamma Probe Device Market
10.4.6.1.1 South Africa Gamma Probe Device Market by Modality
10.4.6.1.2 South Africa Gamma Probe Device Market by Application
10.4.6.1.3 South Africa Gamma Probe Device Market by End User
10.4.6.2 Saudi Arabia Gamma Probe Device Market
10.4.6.2.1 Saudi Arabia Gamma Probe Device Market by Modality
10.4.6.2.2 Saudi Arabia Gamma Probe Device Market by Application
10.4.6.2.3 Saudi Arabia Gamma Probe Device Market by End User
10.4.6.3 U.A.E Gamma Probe Device Market
10.4.6.3.1 U.A.E Gamma Probe Device Market by Modality
10.4.6.3.2 U.A.E Gamma Probe Device Market by Application
10.4.6.3.3 U.A.E Gamma Probe Device Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Gamma Probe Device Market Overview
10.5.2 South and Central America Gamma Probe Device Market Forecasts and Analysis
10.5.3 South and Central America Gamma Probe Device Market Forecasts and Analysis - By Modality
10.5.4 South and Central America Gamma Probe Device Market Forecasts and Analysis - By Application
10.5.5 South and Central America Gamma Probe Device Market Forecasts and Analysis - By End User
10.5.6 South and Central America Gamma Probe Device Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Gamma Probe Device Market
10.5.6.1.1 Brazil Gamma Probe Device Market by Modality
10.5.6.1.2 Brazil Gamma Probe Device Market by Application
10.5.6.1.3 Brazil Gamma Probe Device Market by End User
10.5.6.2 Argentina Gamma Probe Device Market
10.5.6.2.1 Argentina Gamma Probe Device Market by Modality
10.5.6.2.2 Argentina Gamma Probe Device Market by Application
10.5.6.2.3 Argentina Gamma Probe Device Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL GAMMA PROBE DEVICE MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
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. GAMMA PROBE DEVICE MARKET, KEY COMPANY PROFILES
13.1. BERKELEY NUCLEONICS CORPORATION
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. DILON TECHNOLOGIES, INC.
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. HOLOGIC, 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. INTRAMEDICAL IMAGING, LLC
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. LAKE SHORE CRYOTRONICS, INC.
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. RADITEC MEDICAL AG
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. THERMO FISHER SCIENTIFIC
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. TRON MEDICAL LTD
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. WAKE MEDICAL LTD.,
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. ZITEO INC.
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. Berkeley Nucleonics Corporation
2. Dilon Technologies, Inc.
3. Hologic, Inc
4. Intramedical Imaging, LLC
5. Lake Shore Cryotronics, Inc.
6. Raditec Medical AG
7. Thermo Fisher Scientific
8. Tron Medical Ltd
9. Wake Medical Ltd.,
10. Ziteo Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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