Prostate-specific antigen (PSA) is a type of glycoprotein secreted by prostatic epithelial cells. The higher levels of the PSA indicate a higher chance of being affected by prostate cancer. Though not a prostate-specific molecule, its elevated presence in blood serum is used to detect prostate cancer among men. Increased levels of PSA are associated with prostatitis, an inflammation of the prostate gland, or is indicative of a benign form of prostatic hyperplasia.
MARKET DYNAMICS
The prostate-specific antigen (PSA) testing market is anticipated to grow owing to the rise in awareness levels regarding the availability of advanced cancer diagnostics technologies, especially in the emerging regions. However, increasing the prevalence of the disease will have a significant impact on market development. Moreover, supportive initiatives by various governments across the globe drive market growth.
MARKET SCOPE
The "Prostate-Specific Antigen (PSA) Testing Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of in prostate-specific antigen (PSA) testing market with detailed market segmentation by test type, assays type and geography. The prostate-specific antigen (PSA) testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading in prostate-specific antigen (PSA) testing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The prostate-specific antigen (PSA) testing market is segmented on the basis of test type and assays type. Based on test type the market is segmented as total prostate specific antigen test (tPSA), complex prostate specific antigen test (cPSA), free prostate specific antigen test (fPSA), prostate specific antigen reverse transcription polymerase chain reaction test (PSA RT-PCR), PCA3test, trans-rectal ultrasound and Biopsy. On the basis of assays type the market is categorized as radioimmunoassay (RIA) and enzyme immunoassay (EIA).
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in prostate-specific antigen (PSA) testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The prostate-specific antigen (PSA) testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting prostate-specific antigen (PSA) testing market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the prostate-specific antigen (PSA) testing market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in prostate-specific antigen (PSA) testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The prostate-specific antigen (PSA) testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting prostate-specific antigen (PSA) testing market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the prostate-specific antigen (PSA) testing market in these regions.
MARKET PLAYERS
The report covers key developments in the in prostate-specific antigen (PSA) testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from in prostate-specific antigen (PSA) testing market are anticipated to have lucrative growth opportunities in the future with the rising demand for in prostate-specific antigen (PSA) testing market in the global market. Below mentioned is the list of few companies engaged in the prostate-specific antigen (PSA) testing market.
The report also includes the profiles of key in prostate-specific antigen (PSA) testing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories, Inc.
- AstraZeneca plc.
- Bayer AG
- Beckman Coulter, Inc.
- Bristol - Myers Squibb Company
- GE Healthcare
- GlaxoSmithKline, plc
- Merck & Co., Inc.
- Novartis Pharma AG
- UroLogix, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Prostate-specific Antigen (PSA) Testing Market - By Tests type
1.3.2 Prostate-specific Antigen (PSA) Testing Market - By Assays type
1.3.3 Prostate-specific Antigen (PSA) Testing Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING 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. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING - GLOBAL MARKET OVERVIEW
6.2. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TESTS TYPE
7.1. OVERVIEW
7.2. TESTS TYPE MARKET FORECASTS AND ANALYSIS
7.3. TOTAL PROSTATE SPECIFIC ANTIGEN TEST (TPSA)
7.3.1. Overview
7.3.2. Total Prostate Specific Antigen Test (tPSA) Market Forecast and Analysis
7.4. COMPLEX PROSTATE SPECIFIC ANTIGEN TEST (CPSA)
7.4.1. Overview
7.4.2. Complex Prostate Specific Antigen Test (cPSA) Market Forecast and Analysis
7.5. FREE PROSTATE SPECIFIC ANTIGEN TEST (FPSA)
7.5.1. Overview
7.5.2. Free Prostate Specific Antigen Test (fPSA) Market Forecast and Analysis
7.6. PROSTATE SPECIFIC ANTIGEN REVERSE TRANSCRIPTION POLYMERASE CHAIN REACTION TEST (PSA RT-PCR)
7.6.1. Overview
7.6.2. Prostate Specific Antigen Reverse Transcription Polymerase Chain Reaction Test (PSA RT-PCR) Market Forecast and Analysis
7.7. PCA3TEST
7.7.1. Overview
7.7.2. PCA3Test Market Forecast and Analysis
7.8. TRANS-RECTAL ULTRASOUND
7.8.1. Overview
7.8.2. Trans-rectal Ultrasound Market Forecast and Analysis
7.9. BIOPSY
7.9.1. Overview
7.9.2. Biopsy Market Forecast and Analysis
8. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING MARKET - REVENUE AND FORECASTS TO 2028 - ASSAYS TYPE
8.1. OVERVIEW
8.2. ASSAYS TYPE MARKET FORECASTS AND ANALYSIS
8.3. RADIOIMMUNOASSAY (RIA)
8.3.1. Overview
8.3.2. Radioimmunoassay (RIA) Market Forecast and Analysis
8.4. ENZYME IMMUNOASSAY (EIA)
8.4.1. Overview
8.4.2. Enzyme Immunoassay (EIA) Market Forecast and Analysis
9. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Prostate-specific Antigen (PSA) Testing Market Overview
9.1.2 North America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis
9.1.3 North America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Tests type
9.1.4 North America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Assays type
9.1.5 North America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Countries
9.1.5.1 United States Prostate-specific Antigen (PSA) Testing Market
9.1.5.1.1 United States Prostate-specific Antigen (PSA) Testing Market by Tests type
9.1.5.1.2 United States Prostate-specific Antigen (PSA) Testing Market by Assays type
9.1.5.2 Canada Prostate-specific Antigen (PSA) Testing Market
9.1.5.2.1 Canada Prostate-specific Antigen (PSA) Testing Market by Tests type
9.1.5.2.2 Canada Prostate-specific Antigen (PSA) Testing Market by Assays type
9.1.5.3 Mexico Prostate-specific Antigen (PSA) Testing Market
9.1.5.3.1 Mexico Prostate-specific Antigen (PSA) Testing Market by Tests type
9.1.5.3.2 Mexico Prostate-specific Antigen (PSA) Testing Market by Assays type
9.2. EUROPE
9.2.1 Europe Prostate-specific Antigen (PSA) Testing Market Overview
9.2.2 Europe Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis
9.2.3 Europe Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Tests type
9.2.4 Europe Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Assays type
9.2.5 Europe Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Prostate-specific Antigen (PSA) Testing Market
9.2.5.1.1 Germany Prostate-specific Antigen (PSA) Testing Market by Tests type
9.2.5.1.2 Germany Prostate-specific Antigen (PSA) Testing Market by Assays type
9.2.5.2 France Prostate-specific Antigen (PSA) Testing Market
9.2.5.2.1 France Prostate-specific Antigen (PSA) Testing Market by Tests type
9.2.5.2.2 France Prostate-specific Antigen (PSA) Testing Market by Assays type
9.2.5.3 Italy Prostate-specific Antigen (PSA) Testing Market
9.2.5.3.1 Italy Prostate-specific Antigen (PSA) Testing Market by Tests type
9.2.5.3.2 Italy Prostate-specific Antigen (PSA) Testing Market by Assays type
9.2.5.4 Spain Prostate-specific Antigen (PSA) Testing Market
9.2.5.4.1 Spain Prostate-specific Antigen (PSA) Testing Market by Tests type
9.2.5.4.2 Spain Prostate-specific Antigen (PSA) Testing Market by Assays type
9.2.5.5 United Kingdom Prostate-specific Antigen (PSA) Testing Market
9.2.5.5.1 United Kingdom Prostate-specific Antigen (PSA) Testing Market by Tests type
9.2.5.5.2 United Kingdom Prostate-specific Antigen (PSA) Testing Market by Assays type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Prostate-specific Antigen (PSA) Testing Market Overview
9.3.2 Asia-Pacific Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis
9.3.3 Asia-Pacific Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Tests type
9.3.4 Asia-Pacific Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Assays type
9.3.5 Asia-Pacific Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Prostate-specific Antigen (PSA) Testing Market
9.3.5.1.1 Australia Prostate-specific Antigen (PSA) Testing Market by Tests type
9.3.5.1.2 Australia Prostate-specific Antigen (PSA) Testing Market by Assays type
9.3.5.2 China Prostate-specific Antigen (PSA) Testing Market
9.3.5.2.1 China Prostate-specific Antigen (PSA) Testing Market by Tests type
9.3.5.2.2 China Prostate-specific Antigen (PSA) Testing Market by Assays type
9.3.5.3 India Prostate-specific Antigen (PSA) Testing Market
9.3.5.3.1 India Prostate-specific Antigen (PSA) Testing Market by Tests type
9.3.5.3.2 India Prostate-specific Antigen (PSA) Testing Market by Assays type
9.3.5.4 Japan Prostate-specific Antigen (PSA) Testing Market
9.3.5.4.1 Japan Prostate-specific Antigen (PSA) Testing Market by Tests type
9.3.5.4.2 Japan Prostate-specific Antigen (PSA) Testing Market by Assays type
9.3.5.5 South Korea Prostate-specific Antigen (PSA) Testing Market
9.3.5.5.1 South Korea Prostate-specific Antigen (PSA) Testing Market by Tests type
9.3.5.5.2 South Korea Prostate-specific Antigen (PSA) Testing Market by Assays type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Prostate-specific Antigen (PSA) Testing Market Overview
9.4.2 Middle East and Africa Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis
9.4.3 Middle East and Africa Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Tests type
9.4.4 Middle East and Africa Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Assays type
9.4.5 Middle East and Africa Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Prostate-specific Antigen (PSA) Testing Market
9.4.5.1.1 South Africa Prostate-specific Antigen (PSA) Testing Market by Tests type
9.4.5.1.2 South Africa Prostate-specific Antigen (PSA) Testing Market by Assays type
9.4.5.2 Saudi Arabia Prostate-specific Antigen (PSA) Testing Market
9.4.5.2.1 Saudi Arabia Prostate-specific Antigen (PSA) Testing Market by Tests type
9.4.5.2.2 Saudi Arabia Prostate-specific Antigen (PSA) Testing Market by Assays type
9.4.5.3 U.A.E Prostate-specific Antigen (PSA) Testing Market
9.4.5.3.1 U.A.E Prostate-specific Antigen (PSA) Testing Market by Tests type
9.4.5.3.2 U.A.E Prostate-specific Antigen (PSA) Testing Market by Assays type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Prostate-specific Antigen (PSA) Testing Market Overview
9.5.2 South and Central America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis
9.5.3 South and Central America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Tests type
9.5.4 South and Central America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Assays type
9.5.5 South and Central America Prostate-specific Antigen (PSA) Testing Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Prostate-specific Antigen (PSA) Testing Market
9.5.5.1.1 Brazil Prostate-specific Antigen (PSA) Testing Market by Tests type
9.5.5.1.2 Brazil Prostate-specific Antigen (PSA) Testing Market by Assays type
9.5.5.2 Argentina Prostate-specific Antigen (PSA) Testing Market
9.5.5.2.1 Argentina Prostate-specific Antigen (PSA) Testing Market by Tests type
9.5.5.2.2 Argentina Prostate-specific Antigen (PSA) Testing Market by Assays type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PROSTATE-SPECIFIC ANTIGEN (PSA) TESTING MARKET, KEY COMPANY PROFILES
11.1. ABBOTT LABORATORIES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASTRAZENECA PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAYER AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BECKMAN COULTER, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BRISTOL - MYERS SQUIBB COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GE HEALTHCARE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GLAXOSMITHKLINE, PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MERCK AND CO., INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NOVARTIS PHARMA AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UROLOGIX, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Abbott Laboratories, Inc.
2. AstraZeneca plc.
3. Bayer AG
4. Beckman Coulter, Inc.
5. Bristol - Myers Squibb Company
6. GE Healthcare
7. GlaxoSmithKline, plc
8. Merck & Co., Inc.
9. Novartis Pharma AG
10. UroLogix, 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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