The Magnetic Particle Imaging Market is expected to register a CAGR of 12% 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 (Magnetic Resonance Imaging, Positron Emission Tomography). The report further presents analysis based on the Application (Vascular Imaging, Perfusion Imaging, Oncology Imaging, Cell Tracking, Inflammation Imaging, Trauma Imaging). The report is segmented by End User (Hospitals, Specialty Clinics). 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 Magnetic Particle Imaging 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.
Magnetic Particle Imaging Market Segmentation
Modality- Magnetic Resonance Imaging
- Positron Emission Tomography
- Vascular Imaging
- Perfusion Imaging
- Oncology Imaging
- Cell Tracking
- Inflammation Imaging
- Trauma Imaging
- Hospitals
- Specialty Clinics
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Magnetic Particle Imaging Market Growth Drivers- Advances in Medical Imaging: Advances in medical imaging technologies serve as a major driver for the MPI market. MPI offers several advantages over the traditional imaging modalities, including MRI and CT scans: the possibility of high temporal and spatial resolution, rapid imaging, and non-ionizing radiation. Such advantages make MPI appealing to specific applications requiring real-time, high-resolution imaging of dynamic biological processes, for instance, the movement of nanoparticles, or other functions. As medical diagnostics advance, MPI has become one promising alternative for increasing the accuracy of diagnostic measures and ensuring the safety of the patients.
- Increasing Demand for Non-Ionizing Image Solutions: With increasing concerns over damaging ionizing radiation from the conventional imaging methods like CT scans and X-rays and the increasing demand for non-ionizing alternatives, MPI is gaining momentum as a non-invasive and non-ionizing technique. Needless to say, applications where repeated imaging is required will fuel this advancement. This includes oncology and cardiovascular imaging, among others. This shift towards safer imaging technologies is driving research and development in systems.
- Technological innovations in nanomaterials: The innovations of superparamagnetic nanoparticles are most potent for MPI. Superparamagnetic nanoparticles, the tracers for MPI, have been significantly improved in design and synthesis during the past decades to reveal better biocompatibility, efficiency, and targeting capabilities. Innovative architectures of these nanoparticles should finally enable the successful implementation of MPI into a wide spectrum of medical and industrial applications, including monitoring for drug delivery and diagnostics of cancer.
- Integration with Multimodal Imaging Systems: Integration of the MPI market with other imaging modalities such as MRI, CT, and PET is one major trend. Multimodal imaging essentially combines the better outcomes of these imaging techniques to provide more comprehensive data. For instance, by using MPI in combination with MRI, high resolution and real-time imaging qualities are obtained, especially useful when available with soft tissue imaging capabilities of MRI. This should be more diagnostic accurate and improve the outcome of treatment plans for complicated conditions as cancer and cardiovascular disease.
- Focus on Personalized Medicine: As personalized medicine progresses, the visualization of the movement and localization of nanoparticles with MPI offers new options for the personalization of treatment plans for individual patients. In this sense, drug delivery systems might be monitored in real-time so that drugs can target their own tissue of interest precisely. This direction and emphasis of personalized medicine is a potential driver for MPI adoption; in oncology, because it monitors treatment response with greater precision than conventional methods.
- Transition to Point-of-Care Imaging: Another trend is growing demand for point-of-care (POC) imaging solutions, especially in resource-constrained settings. MPI has great promise to be integrated into handheld and miniaturized devices that will make it POC applicable. As an example, MPI could be used in remote health facilities or emergency rooms wherever high-speed diagnostics of non-invasive quality are needed acutely. In this regard, the trend toward portable diagnostic solutions will help fuel the growth of MPI, as it will be compatible with cost-effective health care delivery solutions.
- Increasing number of Cancer Diagnosis and Treatment Market: One of the most promising areas for application of MPI encompasses cancer diagnosis and treatment, where the possibility of monitoring the transport of nanoparticles inside a living body might allow for the real-time imaging of tumor growth and response to therapy. High spatial resolution and non-invasive characterizations make MPI an excellent tool to follow cancer treatments, mainly where the delivery of targeted therapies or chemotherapy agents is targeted. This rise in the global burden of cancer means that MPI in precision oncology will play an increasing role.
- Expansion into Industrial and Environmental Industry: In addition to health care, MPI has bright prospects in industrial and environmental applications. For instance, in material science, MPI can be used in quality control and non-destructive testing of materials, imaging the distribution of magnetic particles. MPI can be applied in environment monitoring: in pollution detection or tracking movements of contaminant in water or ground. With an industry that continues to look for more efficient, less-invasive methods for testing, MPI opens a viable option with many wide-ranging applications.
- Partnerships and Collaborations for Commercialization: With the development of MPI technology, partnerships and collaborations of technology developers, healthcare providers, and research institutions will be encouraged. These collaborations will speed up the process of commercializing MPI systems that will eventually become popular in the market, raising its presence. Integrations with established imaging companies can also help introduce MPI into already existing infrastructures of healthcare, thus cementing it in the hospitals and clinics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Magnetic Particle Imaging 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 Magnetic Particle Imaging 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
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Players operating in the market are Bruker, Magnetic Insight, Inc., FUJIFILM Holdings Corporation, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Hitachi, Ltd, LI-COR Inc., Angstrom Advanced Inc., PerkinElmer Inc., Thermo Fisher Scientific
The Magnetic Particle Imaging Market is estimated to witness a CAGR of 12% from 2023 to 2031
The advances in medical imaging is driving the magnetic particle imaging market
Increasing number of Cancer Diagnosis and Treatment act as a opportunity for growth of the market in forecast period.
Magnetic Resonance Imaging segment, by Modality, dominated the market in 2023.
North America region dominated the Magnetic Particle Imaging market in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnetic Particle Imaging Market - By Modality
1.3.2 Magnetic Particle Imaging Market - By Application
1.3.3 Magnetic Particle Imaging Market - By End User
1.3.4 Magnetic Particle Imaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNETIC PARTICLE IMAGING 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. MAGNETIC PARTICLE IMAGING 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. MAGNETIC PARTICLE IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC PARTICLE IMAGING - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC PARTICLE IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNETIC PARTICLE IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
7.1. OVERVIEW
7.2. MODALITY MARKET FORECASTS AND ANALYSIS
7.3. MAGNETIC RESONANCE IMAGING
7.3.1. Overview
7.3.2. Magnetic Resonance Imaging Market Forecast and Analysis
7.4. POSITRON EMISSION TOMOGRAPHY
7.4.1. Overview
7.4.2. Positron Emission Tomography Market Forecast and Analysis
8. MAGNETIC PARTICLE IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. VASCULAR IMAGING
8.3.1. Overview
8.3.2. Vascular Imaging Market Forecast and Analysis
8.4. PERFUSION IMAGING
8.4.1. Overview
8.4.2. Perfusion Imaging Market Forecast and Analysis
8.5. ONCOLOGY IMAGING
8.5.1. Overview
8.5.2. Oncology Imaging Market Forecast and Analysis
8.6. CELL TRACKING
8.6.1. Overview
8.6.2. Cell Tracking Market Forecast and Analysis
8.7. INFLAMMATION IMAGING
8.7.1. Overview
8.7.2. Inflammation Imaging Market Forecast and Analysis
8.8. TRAUMA IMAGING
8.8.1. Overview
8.8.2. Trauma Imaging Market Forecast and Analysis
9. MAGNETIC PARTICLE IMAGING 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. SPECIALTY CLINICS
9.4.1. Overview
9.4.2. Specialty Clinics Market Forecast and Analysis
10. MAGNETIC PARTICLE IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Magnetic Particle Imaging Market Overview
10.1.2 North America Magnetic Particle Imaging Market Forecasts and Analysis
10.1.3 North America Magnetic Particle Imaging Market Forecasts and Analysis - By Modality
10.1.4 North America Magnetic Particle Imaging Market Forecasts and Analysis - By Application
10.1.5 North America Magnetic Particle Imaging Market Forecasts and Analysis - By End User
10.1.6 North America Magnetic Particle Imaging Market Forecasts and Analysis - By Countries
10.1.6.1 United States Magnetic Particle Imaging Market
10.1.6.1.1 United States Magnetic Particle Imaging Market by Modality
10.1.6.1.2 United States Magnetic Particle Imaging Market by Application
10.1.6.1.3 United States Magnetic Particle Imaging Market by End User
10.1.6.2 Canada Magnetic Particle Imaging Market
10.1.6.2.1 Canada Magnetic Particle Imaging Market by Modality
10.1.6.2.2 Canada Magnetic Particle Imaging Market by Application
10.1.6.2.3 Canada Magnetic Particle Imaging Market by End User
10.1.6.3 Mexico Magnetic Particle Imaging Market
10.1.6.3.1 Mexico Magnetic Particle Imaging Market by Modality
10.1.6.3.2 Mexico Magnetic Particle Imaging Market by Application
10.1.6.3.3 Mexico Magnetic Particle Imaging Market by End User
10.2. EUROPE
10.2.1 Europe Magnetic Particle Imaging Market Overview
10.2.2 Europe Magnetic Particle Imaging Market Forecasts and Analysis
10.2.3 Europe Magnetic Particle Imaging Market Forecasts and Analysis - By Modality
10.2.4 Europe Magnetic Particle Imaging Market Forecasts and Analysis - By Application
10.2.5 Europe Magnetic Particle Imaging Market Forecasts and Analysis - By End User
10.2.6 Europe Magnetic Particle Imaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Magnetic Particle Imaging Market
10.2.6.1.1 Germany Magnetic Particle Imaging Market by Modality
10.2.6.1.2 Germany Magnetic Particle Imaging Market by Application
10.2.6.1.3 Germany Magnetic Particle Imaging Market by End User
10.2.6.2 France Magnetic Particle Imaging Market
10.2.6.2.1 France Magnetic Particle Imaging Market by Modality
10.2.6.2.2 France Magnetic Particle Imaging Market by Application
10.2.6.2.3 France Magnetic Particle Imaging Market by End User
10.2.6.3 Italy Magnetic Particle Imaging Market
10.2.6.3.1 Italy Magnetic Particle Imaging Market by Modality
10.2.6.3.2 Italy Magnetic Particle Imaging Market by Application
10.2.6.3.3 Italy Magnetic Particle Imaging Market by End User
10.2.6.4 Spain Magnetic Particle Imaging Market
10.2.6.4.1 Spain Magnetic Particle Imaging Market by Modality
10.2.6.4.2 Spain Magnetic Particle Imaging Market by Application
10.2.6.4.3 Spain Magnetic Particle Imaging Market by End User
10.2.6.5 United Kingdom Magnetic Particle Imaging Market
10.2.6.5.1 United Kingdom Magnetic Particle Imaging Market by Modality
10.2.6.5.2 United Kingdom Magnetic Particle Imaging Market by Application
10.2.6.5.3 United Kingdom Magnetic Particle Imaging Market by End User
10.2.6.6 Rest of Europe Magnetic Particle Imaging Market
10.2.6.6.1 Rest of Europe Magnetic Particle Imaging Market by Modality
10.2.6.6.2 Rest of Europe Magnetic Particle Imaging Market by Application
10.2.6.6.3 Rest of Europe Magnetic Particle Imaging Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Magnetic Particle Imaging Market Overview
10.3.2 Asia-Pacific Magnetic Particle Imaging Market Forecasts and Analysis
10.3.3 Asia-Pacific Magnetic Particle Imaging Market Forecasts and Analysis - By Modality
10.3.4 Asia-Pacific Magnetic Particle Imaging Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Magnetic Particle Imaging Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Magnetic Particle Imaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Magnetic Particle Imaging Market
10.3.6.1.1 Australia Magnetic Particle Imaging Market by Modality
10.3.6.1.2 Australia Magnetic Particle Imaging Market by Application
10.3.6.1.3 Australia Magnetic Particle Imaging Market by End User
10.3.6.2 China Magnetic Particle Imaging Market
10.3.6.2.1 China Magnetic Particle Imaging Market by Modality
10.3.6.2.2 China Magnetic Particle Imaging Market by Application
10.3.6.2.3 China Magnetic Particle Imaging Market by End User
10.3.6.3 India Magnetic Particle Imaging Market
10.3.6.3.1 India Magnetic Particle Imaging Market by Modality
10.3.6.3.2 India Magnetic Particle Imaging Market by Application
10.3.6.3.3 India Magnetic Particle Imaging Market by End User
10.3.6.4 Japan Magnetic Particle Imaging Market
10.3.6.4.1 Japan Magnetic Particle Imaging Market by Modality
10.3.6.4.2 Japan Magnetic Particle Imaging Market by Application
10.3.6.4.3 Japan Magnetic Particle Imaging Market by End User
10.3.6.5 South Korea Magnetic Particle Imaging Market
10.3.6.5.1 South Korea Magnetic Particle Imaging Market by Modality
10.3.6.5.2 South Korea Magnetic Particle Imaging Market by Application
10.3.6.5.3 South Korea Magnetic Particle Imaging Market by End User
10.3.6.6 Rest of Asia-Pacific Magnetic Particle Imaging Market
10.3.6.6.1 Rest of Asia-Pacific Magnetic Particle Imaging Market by Modality
10.3.6.6.2 Rest of Asia-Pacific Magnetic Particle Imaging Market by Application
10.3.6.6.3 Rest of Asia-Pacific Magnetic Particle Imaging Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Magnetic Particle Imaging Market Overview
10.4.2 Middle East and Africa Magnetic Particle Imaging Market Forecasts and Analysis
10.4.3 Middle East and Africa Magnetic Particle Imaging Market Forecasts and Analysis - By Modality
10.4.4 Middle East and Africa Magnetic Particle Imaging Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Magnetic Particle Imaging Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Magnetic Particle Imaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Magnetic Particle Imaging Market
10.4.6.1.1 South Africa Magnetic Particle Imaging Market by Modality
10.4.6.1.2 South Africa Magnetic Particle Imaging Market by Application
10.4.6.1.3 South Africa Magnetic Particle Imaging Market by End User
10.4.6.2 Saudi Arabia Magnetic Particle Imaging Market
10.4.6.2.1 Saudi Arabia Magnetic Particle Imaging Market by Modality
10.4.6.2.2 Saudi Arabia Magnetic Particle Imaging Market by Application
10.4.6.2.3 Saudi Arabia Magnetic Particle Imaging Market by End User
10.4.6.3 Rest of Middle East and Africa Magnetic Particle Imaging Market
10.4.6.3.1 Rest of Middle East and Africa Magnetic Particle Imaging Market by Modality
10.4.6.3.2 Rest of Middle East and Africa Magnetic Particle Imaging Market by Application
10.4.6.3.3 Rest of Middle East and Africa Magnetic Particle Imaging Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Magnetic Particle Imaging Market Overview
10.5.2 South and Central America Magnetic Particle Imaging Market Forecasts and Analysis
10.5.3 South and Central America Magnetic Particle Imaging Market Forecasts and Analysis - By Modality
10.5.4 South and Central America Magnetic Particle Imaging Market Forecasts and Analysis - By Application
10.5.5 South and Central America Magnetic Particle Imaging Market Forecasts and Analysis - By End User
10.5.6 South and Central America Magnetic Particle Imaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Magnetic Particle Imaging Market
10.5.6.1.1 Brazil Magnetic Particle Imaging Market by Modality
10.5.6.1.2 Brazil Magnetic Particle Imaging Market by Application
10.5.6.1.3 Brazil Magnetic Particle Imaging Market by End User
10.5.6.2 Argentina Magnetic Particle Imaging Market
10.5.6.2.1 Argentina Magnetic Particle Imaging Market by Modality
10.5.6.2.2 Argentina Magnetic Particle Imaging Market by Application
10.5.6.2.3 Argentina Magnetic Particle Imaging Market by End User
10.5.6.3 Rest of South and Central America Magnetic Particle Imaging Market
10.5.6.3.1 Rest of South and Central America Magnetic Particle Imaging Market by Modality
10.5.6.3.2 Rest of South and Central America Magnetic Particle Imaging Market by Application
10.5.6.3.3 Rest of South and Central America Magnetic Particle Imaging Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MAGNETIC PARTICLE IMAGING 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. MAGNETIC PARTICLE IMAGING MARKET, KEY COMPANY PROFILES
13.1. BRUKER
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. MAGNETIC INSIGHT, 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. FUJIFILM HOLDINGS CORPORATION
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. GENERAL ELECTRIC COMPANY
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. KONINKLIJKE PHILIPS N.V.
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. HITACHI, LTD
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. LI-COR 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. ANGSTROM ADVANCED INC.
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. PERKINELMER 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. THERMO FISHER SCIENTIFIC
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. Bruker
2. Magnetic Insight, Inc.
3. FUJIFILM Holdings Corporation
4. GENERAL ELECTRIC COMPANY
5. Koninklijke Philips N.V.
6. Hitachi, Ltd
7. LI-COR Inc.
8. Angstrom Advanced Inc.
9. PerkinElmer Inc.
10. Thermo Fisher Scientific
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.
Get Free Sample For