North America SPECT Equipment Market Analysis, Size, and Share by 2028
North America SPECT Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hybrid SPECT (SPECT-CT and SPECT-MR) and Standalone SPECT), Radioisotope Type (Iodine-123, Technetium-99m, Xenon-133, Thallium-201, Radium-223, Gallium-66, and Other Radioisotopes), Application (Seizures, Stroke, Stress Fractures, Infections, Tumors, and Others), and End User (Hospitals, Imaging Centers, and Others)
- Report Date : Feb 2022
- Report Code : TIPRE00027112
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 130
The SPECT equipment market in North America is expected to grow from US$ 677.68 million in 2021 to US$ 935.36 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Increasing prevalence of atherosclerotic CVD in several countries is the ongoing change in nutrition patterns and thus, affecting the people adversely. SPECT equipment is mainly used by doctors to diagnose coronary artery disease. Myocardial perfusion imaging (MPI) using nuclear cardiology techniques has been widely applied in clinical settings because of its well-documented value in the diagnosis and prognosis of coronary artery disease. The half-life of technetium-99m, the radiotracer used for SPECT is around six hours, which means technologists/radiologists have ample time to perform the imaging that is required. This is how they are able to perform nuclear stress tests. SPECT is much more widely available than PET. It is more affordable, with the average camera costing between US$ 400,000 and US$ 600,000. Owing to its widespread use, there is an availability of more trained technologists in this field. The longer half-life of the SPECT radiotracer makes it more widely available and ideal for cardiac stress testing. The rising improvements in radiotracer and camera technology are expected to boost the image quality, helping to overcome a common SPECT complaint. It has been commonly reported that SPECT resolution is at 12 mm to 15 mm, and images can be prone to attenuation on older cameras. So, increasing growth of cardiovascular diseases in several economies is expected to drive the SPECT equipment marketCountries falling under North America were highly impacted by Covid-19 in the initial stages, i.e., during the first wave, and impacted the U.S. SPECT equipment market. As per the Society of Nuclear Medicine and Molecular Imaging (SNMMI), nearly 80% of respondents saw declines of 50%-75% in nuclear medicine imaging procedures. In the U.S., due to an increasing number of infected patients and lethal Coronavirus variants, the diagnostic and imaging activities had come to an end for an extended period during the pandemic. Thus, overall diagnosis of chronic diseases with SPECT equipment got delayed and hampered the North American SPECT equipment market. Therefore, the COVID-19 has a potential economic impact on most sectors, including oncology procedures. The pandemic has hindered cancer diagnosis and surgeries and is likely to impact the market negatively. For instance, in 2020, Breastcancer.org conducted a survey in 534 patients in the U.S., which revealed that around 31.7% of people who had been diagnosed with breast cancer reported a delay in care; of these people, 22% reported delayed in screening, and 9.3% reported a delay in treatment due to COVID-19. As a result, more cases of advanced cancers are expected in coming years due to delayed diagnosis, such as preventative screening and postponed medical appointments, in the coming years. The SPECT Equipment market in the U.S. is expected to witness modest growth driven by an aging population, increases in health risk factors like poor lifestyle, and the adoption of new technology due to favorable regulatory changes. However, the overall market expansion will be hindered by a saturated installed base of large imaging systems and the consolidation of hospitals. Also, the pandemic has dramatically affected the activities in radio isotopes field globally. In many radio pharmacy labs, diagnostic imaging tests are quantitatively reduced, and certain imaging centers reduce their test procedures to a significant extent. Thus, the market for SPECT Equipment region is expected to witness negative growth for a certain period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SPECT equipment market. The North America SPECT equipment is expected to grow at a good CAGR during the forecast period.
North America SPECT Equipment Market Revenue and Forecast to 2028 (US$ Million)
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North America SPECT Equipment Market Segmentation
North America SPECT Equipment Market – By Type
- Hybrid SPECT
- SPECT-CT
- SPECT-MR
- Standalone SPECT
North America SPECT Equipment Market – By Radioisotopes
- Iodine-123
- Technetium-99m
- Xenon-133
- Thallium-201
- Ra-223
- Ga-66
- Other Radioisotopes
North America SPECT Equipment Market – By Application
- Seizures
- Stroke
- Stress Fractures
- Infections
- Tumors
- Others
North America SPECT Equipment Market – By End User
- Hospitals
- Imaging Centers
- Others
North America SPECT Equipment Market- By Country
- US
- Canada
- Mexico
North America SPECT Equipment Market-Companies Mentioned
- Bracco Imaging S.p.A.
- Bruker Corporation
- Cardinal Health, Inc
- Curium
- Lantheus Medical Imaging Inc.
- Mediso Ltd.
- MiE GmbH
- NTP RADIOISOTOPES
- Star Equity Holdings Ltd.
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 North America SPECT Equipment Market – By Type
1.3.2 North America SPECT Equipment Market – By Radioisotope Type
1.3.3 North America SPECT Equipment Market – By Application
1.3.4 North America SPECT Equipment Market – By End User
1.3.5 North America SPECT Equipment Market– By Country
2. North America SPECT Equipment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America SPECT Equipment Market– Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. SPECT Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Incidence of Cardiovascular Diseases
5.1.2 Advancements in Analysis of Tumor Imaging
5.2 Market Restraints
5.2.1 High Cost
5.3 Market Opportunities
5.3.1 Recent Advances in SPECT Cameras
5.4 Future Trends
5.4.1 Restructuring the algorithm permits the technology to exhibit conclusive and detailed information
5.5 Impact Analysis
6. SPECT Equipment Market– North America Analysis
6.1 North America SPECT Equipment market Revenue Forecasts and Analysis
7. North America SPECT Equipment Market Analysis – By Type
7.1 Overview
7.2 North America SPECT Equipment Market by Type, 2021 & 2028 (%)
7.3 Hybrid SPECT Market
7.3.1 Overview
7.3.2 Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
7.3.3 SPECT-CT Market
7.3.3.1 Overview
7.3.3.2 SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)
7.3.4 SPECT- MR Market
7.3.4.1 Overview
7.3.4.2 SPECT- MR Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Standalone SPECT Market
7.4.1 Overview
7.4.2 Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
8. North America SPECT Equipment Market Analysis – By Radioisotope Type
8.1 Overview
8.2 North America SPECT Equipment Market by Radioisotope Type, 2021 & 2028 (%)
8.3 Iodine-123
8.3.1 Overview
8.3.2 Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Technetium-99m
8.4.1 Overview
8.4.2 Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Xenon-133
8.5.1 Overview
8.5.2 Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Thallium -201
8.6.1 Overview
8.6.2 Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Ra -223
8.7.1 Overview
8.7.2 Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)
8.8 Ga-66
8.8.1 Overview
8.8.2 Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)
8.9 Other Radioisotopes
8.9.1 Overview
8.9.2 Other Radioisotope Type Market Revenue and Forecasts to 2028 (US$ Mn)
9. North America SPECT Equipment Market Analysis – By Application
9.1 Overview
9.2 North America SPECT Equipment Market by Application, 2021 & 2028 (%)
9.3 Seizures
9.3.1 Overview
9.3.2 Seizures Market Revenue and Forecasts to 2028 (US$ Mn)
9.4 Stroke
9.4.1 Overview
9.4.2 Stroke Market Revenue and Forecasts to 2028 (US$ Mn)
9.5 Stress Fractures
9.5.1 Overview
9.5.2 Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)
9.6 Infections
9.6.1 Overview
9.6.2 Infections Market Revenue and Forecasts to 2028 (US$ Mn)
9.7 Tumors
9.7.1 Overview
9.7.2 Tumors Market Revenue and Forecasts to 2028 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
10. North America SPECT Equipment Market Analysis – By End User
10.1 Overview
10.2 North America SPECT Equipment Market BY End user, 2021 & 2028 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)
10.4 Imaging centers
10.4.1 Overview
10.4.2 Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
11. North America SPECT Equipment Market –Country Analysis
11.1 Overview
11.1.1 North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)
11.1.1.1 US: SPECT Equipment Market– Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.2 US: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)
11.1.1.1.2.1 US: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.1.3 US: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.1.4 US: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.1.5 US: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
11.1.1.2 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.2 Canada: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)
11.1.1.2.2.1 Canada: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.2.3 Canada: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.2.4 Canada: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.2.5 Canada: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
11.1.1.3 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.2 Mexico: SPECT Equipment Market, by Type – 2019–2028 (US$ Million)
11.1.1.3.2.1 Mexico: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.3.3 Mexico: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.3.4 Mexico: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.3.5 Mexico: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
12. Impact Of COVID-19 Pandemic on North America SPECT Equipment Market
12.1 Overview
13. North America SPECT Equipment Market–Industry Landscape
13.1 Overview
13.2 Organic Developments
13.2.1 Overview
13.3 Inorganic Developments
13.3.1 Overview
14. Company Profiles
14.1 Cardinal Health Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Curium
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Lantheus Medical Imaging, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Mediso Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 NTP RADIOISOTOPES
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Bracco Imaging S.p.A
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Star Equity Holdings, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Bruker Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 MiE GmbH
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. North America SPECT Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. US SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US SPECT Equipment Market, by Hybrid SPECT– Revenue and Forecast to 2028 (US$ Million)
Table 4. US SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. US SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Organic Developments in the SPECT Equipment Market
Table 18. Inorganic Developments in the SPECT Equipment Market
Table 19. Glossary of Terms, North America SPECT Equipment Market
LIST OF FIGURES
Figure 1. North America SPECT Equipment Market Segmentation
Figure 2. North America SPECT Equipment Market Segmentation, By Country
Figure 3. North America SPECT Equipment Market Overview
Figure 4. Hybrid SPECT Segment Held the Largest Share in 2028
Figure 5. US to Show Significant Growth During Forecast Period
Figure 6. North America PEST Analysis
Figure 7. North America SPECT Equipment Market Impact Analysis of Drivers and Restraints
Figure 8. North America SPECT Equipment Market – Revenue Forecasts and Analysis to 2028
Figure 9. North America SPECT Equipment Market, by Type 2021 & 2028 (%)
Figure 10. North America Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. North America SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. North America SPECT-MR Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. North America Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. North America SPECT Equipment Market, by radioisotope type 2021 & 2028 (%)
Figure 15. North America Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. North America Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. North America Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. North America Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. North America Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. North America Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. North America Other Radioisotopes Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. North America SPECT Equipment Market, by Application 2021 & 2028 (%)
Figure 23. North America Seizures Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. North America Stroke Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. North America Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. North America Infections Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. North America Tumors Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. North America SPECT Equipment Market, by End User 2021 & 2028 (%)
Figure 30. North America Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. North America Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. North America: SPECT Equipment Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34. North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)
Figure 35. US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in North American Country Markets
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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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