Ureteral Stents Market Overview, Growth, Opportunities and Development 2031
Coverage: Ureteral Stents Market covers analysis By Products (Expandable Stents, Double Pigital Sents, and Others); Applications (Kidney Stones, Kidney Failure, Tumors, and Others); End Users (Hospitals & Clinics, Amnulatory Surgical Centers, Dialysis Centers, and Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Feb 2026
- Report Code : TIPMD00002017
- Category : Life Sciences
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Ureteral Stents Market size is expected to reach US$ 759.14 Million by 2031. The market is anticipated to register a CAGR of 5.6% during 2025-2031.
The report is segmented by Product Type (Double Pigtail, Open-Ended, Close-Ended, and Multiloop). The report further presents analysis based on Application (Kidney Stones, Kidney Transplant, UTI, and Others). The report is further segmented based on Material (Metal, Polyurethane, Silicon, and Hydrogel). Futher, it is segmented based on End Users (Hospitals & Clinics, Ambulatory Surgical Centers, Dialysis Centers, and Others). 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 Ureteral Stents 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.
- Double Pigtail
- Open-Ended
- Close-Ended
- Multiloop
- Kidney Stones
- Kidney Transplant
- UTI
- Others
- Metal
- Polyurethane
- Silicon
- Hydrogel
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Dialysis Centers
- Others
Strategic Insights
Ureteral Stents Market Growth Drivers- Increasing Incidence of Kidney-Related Disorders: The increase in the number of kidney-related diseases has led to the rise in the demand for ureteral stents. A ureteral stent is used to manage certain conditions for patients suffering from kidney stones and urinary incontinence.
- Escalating Number of Kidney Transplants: An increasing number of kidney transplants has consequently increased the demand for ureteral stents. A ureteral stent is introduced into the patient
REGIONAL FRAMEWORK
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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
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to country scope.
Frequently Asked Questions
Boston Scientific Corporation, Cook, C. R. Bard, Inc., Applied Medical Resources Corporation, CIA Medical, Olympus America, Coloplast Ltd., B. Braun Melsungen AG, Red Leaf Medical, and SURGIMEDIK are some of the major players operating in the market.
The double pigtail segment accounts for the highest revenue in product type segment of the ureteral stents market in 2023.
The Ureteral Stents Market is estimated to witness a CAGR of 5.6% from 2025 to 2031
Asia Pacific region has the highest CAGR of the ureteral stents market.
North America region dominated the ureteral stents market in 2023.
The major factors driving the ureteral stents market are:
1. Increasing Incidence of Kidney-Related Disorders.
2. Escalating Number of Kidney Transplants.
3. Advancements in These Stents.
1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. URETERAL STENTS MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Ureteral Stents Market - By Product
3.2.2. Ureteral Stents Market - By Application
3.2.3. Ureteral Stents Market - By End User
3.2.4. Ureteral Stents Market - By Region
3.2.4.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. URETERAL STENTS MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. URETERAL STENTS MARKET - GLOBAL ANALYSIS
5.1. GLOBAL URETERAL STENTS MARKET OVERVIEW
5.2. GLOBAL URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. MARKET POSITIONING/MARKET SHARE
5.4. PERFORMANCE OF KEY PLAYERS
5.5. EXPERT OPINIONS
6. URETERAL STENTS MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. EXPANDABLE STENTS MARKET
7.3.1. Overview
7.3.2. Expandable Stents Market Revenue Forecasts and Analysis (US$ Mn)
7.4. DOUBLE PIGTAIL STENTS MARKET
7.4.1. Overview
7.4.2. Double Pigtail Stents Market Revenue Forecasts and Analysis (US$ Mn)
7.5. OTHERS MARKET
7.5.1. Overview
7.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
8. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. KIDNEY STONES MARKET
8.3.1. Overview
8.3.2. Kidney Stones Market Revenue Forecasts and Analysis (US$ Mn)
8.4. KIDNEY FAILURE MARKET
8.4.1. Overview
8.4.2. Kidney Failure Market Revenue Forecasts and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
9.1. OVERVIEW
9.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
9.3. HOSPITALS & CLINICS MARKET
9.3.1. Overview
9.3.2. Hospitals & Clinics Market Revenue Forecasts and Analysis (US$ Mn)
9.4. AMBULATORY SURGICAL CENTERS MARKET
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Revenue Forecasts and Analysis (US$ Mn)
9.5. DIALYIS CENTERS MARKET
9.5.1. Overview
9.5.2. Dialysis Centers Market Revenue Forecasts and Analysis (US$ Mn)
10. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. NORTH AMERICA URETERAL STENTS MARKET OVERVIEW
10.2. NORTH AMERICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
10.4. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
10.5. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
10.6. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.7. US MARKET OVERVIEW
10.7.1. US Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.7.2. US Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.7.3. US Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8. CANADA MARKET OVERVIEW
10.8.1. Canada Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.8.2. Canada Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.8.3. Canada Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.9. MEXICO MARKET OVERVIEW
10.9.1. Mexico Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.9.2. Mexico Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.9.3. Mexico Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. EUROPE URETERAL STENTS MARKET OVERVIEW
11.2. EUROPE URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
11.4. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
11.5. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
11.6. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.7. UK MARKET OVERVIEW
11.7.1. UK Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.7.2. UK Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.7.3. UK Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8. GERMANY MARKET OVERVIEW
11.8.1. Germany Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.8.2. Germany Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.8.3. Germany Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.9. FRANCE MARKET OVERVIEW
11.9.1. France Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.9.2. France Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.9.3. France Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. ASIA PACIFIC URETERAL STENTS MARKET OVERVIEW
12.2. ASIA PACIFIC URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
12.4. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
12.5. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
12.6. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.7. JAPAN MARKET OVERVIEW
12.7.1. Japan Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.7.2. Japan Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.7.3. Japan Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8. CHINA MARKET OVERVIEW
12.8.1. China Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.8.2. China Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.8.3. China Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.9. INDIA MARKET OVERVIEW
12.9.1. India Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.9.2. India Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.9.3. India Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. MIDDLE EAST AND AFRICA (MEA) URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET OVERVIEW
13.2. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
13.4. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
13.5. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
13.6. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.7. SOUTH AFRICA MARKET OVERVIEW
13.7.1. South Africa Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.7.2. South Africa Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.7.3. South Africa Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.8. SAUDI ARABIA MARKET OVERVIEW
13.8.1. Saudi Arabia Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.8.2. Saudi Arabia Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.8.3. Saudi Arabia Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.9. UAE MARKET OVERVIEW
13.9.1. UAE Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.9.2. UAE Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.9.3. UAE Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
14.1. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET OVERVIEW
14.2. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
14.3. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
14.4. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
14.5. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
14.6. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
14.7. BRAZIL MARKET OVERVIEW
14.7.1. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
14.7.2. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By Application (US$ Mn)
14.7.3. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
15. INDUSTRY LANDSCAPE
15.1. ORGANIC GROWTH STRATEGIES
15.1.1. New Product Launches
15.1.2. Marketing & Promotional Activities
15.2. INORGANIC GROWTH STRATEGIES
15.2.1. Partnerships, Collaborations, and Joint Ventures
15.2.2. Mergers & Acquisitions
16. URETERAL STENTS MARKET, KEY COMPANY PROFILES
16.1. BOSTON SCIENTIFIC CORPORATION
16.1.1. Key Facts
16.1.2. Business Description
16.1.3. Financial Overview
16.1.4. Product Portfolio
16.1.5. Product Pipeline
16.1.6. SWOT Analysis
16.1.7. Key Developments
16.2. COOK
16.2.1. Key Facts
16.2.2. Business Description
16.2.3. Financial Overview
16.2.4. Product Portfolio
16.2.5. Product Pipeline
16.2.6. SWOT Analysis
16.2.7. Key Developments
16.3. PNN MEDICAL A/S
16.3.1. Key Facts
16.3.2. Business Description
16.3.3. Financial Overview
16.3.4. Product Portfolio
16.3.5. Product Portfolio
16.3.6. SWOT Analysis
16.3.7. Key Developments
16.4. C. R. BARD, INC
16.4.1. Key Facts
16.4.2. Business Description
16.4.3. Financial Overview
16.4.4. Product Portfolio
16.4.5. Product Pipeline
16.4.6. SWOT Analysis
16.4.7. Key Developments
16.5. APPLIED MEDICAL RESOURCES CORPORATION
16.5.1. Key Facts
16.5.2. Business Description
16.5.3. Financial Overview
16.5.4. Product Portfolio
16.5.5. Product Portfolio
16.5.6. SWOT Analysis
16.5.7. Key Developments
16.6. CIA MEDICAL
16.6.1. Business Description
16.6.2. Financial Overview
16.6.3. Product Portfolio
16.6.4. Product Pipeline
16.6.5. SWOT Analysis
16.6.6. Key Developments
16.7. OLYMPUS AMERICA
16.7.1. Key Facts
16.7.2. Business Description
16.7.3. Financial Overview
16.7.4. Product Portfolio
16.7.5. Product Pipeline
16.7.6. SWOT Analysis
16.7.7. Key Developments
16.8. B. BRAUN MELSUNGEN AG
16.8.1. Key Facts
16.8.2. Business Description
16.8.3. Financial Overview
16.8.4. Product Portfolio
16.8.5. Product Pipeline
16.8.6. SWOT Analysis
16.8.7. Key Developments
16.9. RED LEAF MEDICAL
16.9.1. Key Facts
16.9.2. Business Description
16.9.3. Financial Overview
16.9.4. Product Portfolio
16.9.5. Product Pipeline
16.9.6. SWOT Analysis
16.9.7. Key Developments
16.10. SURGIMEDIK
16.10.1. Key Facts
16.10.2. Business Description
16.10.3. Financial Overview
16.10.4. Product Portfolio
16.10.5. Product Pipeline
16.10.6. SWOT Analysis
16.10.7. Key Developments
17. APPENDIX
17.1. ABOUT THE INSIGHT PARTNERS
17.2. GLOSSARY OF TERMS
17.3. RESEARCH METHODOLOGY
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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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