Veterinary ultrasound scanners are an imaging device that creates images of the inside of the animal body by using high-frequency ultrasound waves. They are medical imaging devices that utilize high-frequency sound waves to generate the image of body parts. Ultrasound does not use radiation like other imaging modalities, so it is one of the preferred viewing options during pregnancy. Ultrasound equipment used for animals is mostly similar to humans, except they use higher frequency and smaller probes. They are designed for various veterinary examination applications such as pregnancy scans, distal limb exams, abdominal, musculoskeletal, and cardiology in animals. The veterinary ultrasound scanners help diagnose the problems with soft tissues, muscles, blood vessels, tendons, and joints. Veterinary ultrasound scanners are available for all types of species and animals, e.g., companions, equine, bovine, small animals, farm animal, ovine, porcine, ruminants, swine, feline, etc.
MARKET DYNAMICS
The veterinary ultrasound scanner market has shown a significant evolution over the forecast period. The veterinary ultrasound scanner market is driven by the growth in the companion animal population, rising demand for pet insurance, an increasing number of veterinary practitioners in developed economies, and technological advancements. Moreover, the growing adoption rate of pets from shelters and rescue homes and the One Health Zoonotic Disease Prioritization Workshops to control and prevent infectious diseases are also expected to fuel the growth of the veterinary ultrasound scanners market over the forecast period. The growing adoption of veterinary ultrasound scanners by cattle breeders for prenatal diagnosis is expected to create growth opportunities for the players operating in the global veterinary ultrasound scanners market. Additionally, as per the disease prevalence data published by the Royal Veterinary College, the University of London, in 2013, out of 1,000 surveyed animals, it is estimated that 55 dogs suffer from traumatic injury and 39 dogs suffer from heart (cardiac) murmur, and this had led to propel the growth of the veterinary ultrasound scanner market. However, the high cost of instruments and procedures is restraining the development of this market to some extent.
MARKET SCOPE
The "Veterinary Ultrasound Scanner Market Analysis to 2031" is a specialized and in-depth study of the medical device in the healthcare industry, with a particular focus on the global market trend analysis. This report outlines the veterinary ultrasound scanner market with detailed market segmentation by product, imaging technology, and end-user. The veterinary ultrasound scanner market is expected to witness high growth during the forecast period. The report focusses on the vital statistics on the market status of the leading players in the veterinary ultrasound scanner market. It offers key trends and opportunities in the market.
MARKET SEGMENTATION
The market is segmented based on product, imaging technology, and end-user. Based on the product, the market is categorized as a portable/ handheld ultrasound scanner and cart-based ultrasound scanner. Based on imaging technology, segmentation of the market is digital imaging technology, analog imaging technology, and contrast imaging technology. Based on end-user, segmentation of the market is into the veterinary hospitals, veterinary clinics, and animal breeding, and farms.
REGIONAL FRAMEWORK
The report states a complete outline of the industry, including both quantitative and qualitative information. The report also gives a sketch and forecast of the veterinary ultrasound scanner market based on various segments. It also comprises market size and forecast estimates from the year 2021 to2031with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The veterinary ultrasound scanner market by each region is later subdivided into respective countries and segments. It consists of the analysis and forecast of 18 countries globally, along with the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the veterinary ultrasound scanner market from both the demand and supply side. Moreover, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends.
The report also comprises a precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the veterinary ultrasound scanner market in these regions.
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
The report states a complete outline of the industry, including both quantitative and qualitative information. The report also gives a sketch and forecast of the veterinary ultrasound scanner market based on various segments. It also comprises market size and forecast estimates from the year 2021 to2031with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The veterinary ultrasound scanner market by each region is later subdivided into respective countries and segments. It consists of the analysis and forecast of 18 countries globally, along with the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the veterinary ultrasound scanner market from both the demand and supply side. Moreover, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends.
The report also comprises a precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the veterinary ultrasound scanner market in these regions.
MARKET PLAYERS
The report contains critical developments in the veterinary ultrasound scanner market as organic and inorganic growth strategies. Multiple firms focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the veterinary ultrasound scanner market are anticipated to have profitable growth opportunities in the coming years with the rising demand for handheld ultrasound device system s in the global market. Given below is the list of few companies engaged in the veterinary ultrasound scanner market.
The report also contains the profiles of key players in the veterinary ultrasound scanner market, along with their SWOT analysis and market strategies. Additionally, the report focuses on leading market players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
- ESAOTE SPA
- Siemens Healthcare Private Limited
- Samsung Medison Co. Ltd
- Koninklijke Philips N.V
- Clarius Mobile Health
- FUJIFILM Sonosite, Inc.
- Meditech Equipment Co., Ltd
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- BCF
- Sonostar Technologies Co., Limited
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current 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 Veterinary Ultrasound Scanner Market - By Product
1.3.2 Veterinary Ultrasound Scanner Market - By Imaging Technology
1.3.3 Veterinary Ultrasound Scanner Market - By End-user
1.3.4 Veterinary Ultrasound Scanner Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VETERINARY ULTRASOUND SCANNER 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. VETERINARY ULTRASOUND SCANNER 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. VETERINARY ULTRASOUND SCANNER MARKET - GLOBAL MARKET ANALYSIS
6.1. VETERINARY ULTRASOUND SCANNER - GLOBAL MARKET OVERVIEW
6.2. VETERINARY ULTRASOUND SCANNER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VETERINARY ULTRASOUND SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PORTABLE/HANDHELD ULTRASOUND SCANNER
7.3.1. Overview
7.3.2. Portable/Handheld Ultrasound Scanner Market Forecast and Analysis
7.4. CART-BASED ULTRASOUND SCANNER
7.4.1. Overview
7.4.2. Cart-based Ultrasound Scanner Market Forecast and Analysis
8. VETERINARY ULTRASOUND SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - IMAGING TECHNOLOGY
8.1. OVERVIEW
8.2. IMAGING TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. DIGITAL IMAGING TECHNOLOGY
8.3.1. Overview
8.3.2. Digital Imaging Technology Market Forecast and Analysis
8.4. ANALOG IMAGING TECHNOLOGY
8.4.1. Overview
8.4.2. Analog Imaging Technology Market Forecast and Analysis
8.5. CONTRAST IMAGING TECHNOLOGY
8.5.1. Overview
8.5.2. Contrast Imaging Technology Market Forecast and Analysis
9. VETERINARY ULTRASOUND SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. VETERINARY HOSPITALS
9.3.1. Overview
9.3.2. Veterinary Hospitals Market Forecast and Analysis
9.4. VETERINARY CLINICS
9.4.1. Overview
9.4.2. Veterinary Clinics Market Forecast and Analysis
9.5. ANIMAL BREEDING AND FARMS
9.5.1. Overview
9.5.2. Animal Breeding and Farms Market Forecast and Analysis
10. VETERINARY ULTRASOUND SCANNER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Veterinary Ultrasound Scanner Market Overview
10.1.2 North America Veterinary Ultrasound Scanner Market Forecasts and Analysis
10.1.3 North America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Product
10.1.4 North America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Imaging Technology
10.1.5 North America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By End-user
10.1.6 North America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Countries
10.1.6.1 United States Veterinary Ultrasound Scanner Market
10.1.6.1.1 United States Veterinary Ultrasound Scanner Market by Product
10.1.6.1.2 United States Veterinary Ultrasound Scanner Market by Imaging Technology
10.1.6.1.3 United States Veterinary Ultrasound Scanner Market by End-user
10.1.6.2 Canada Veterinary Ultrasound Scanner Market
10.1.6.2.1 Canada Veterinary Ultrasound Scanner Market by Product
10.1.6.2.2 Canada Veterinary Ultrasound Scanner Market by Imaging Technology
10.1.6.2.3 Canada Veterinary Ultrasound Scanner Market by End-user
10.1.6.3 Mexico Veterinary Ultrasound Scanner Market
10.1.6.3.1 Mexico Veterinary Ultrasound Scanner Market by Product
10.1.6.3.2 Mexico Veterinary Ultrasound Scanner Market by Imaging Technology
10.1.6.3.3 Mexico Veterinary Ultrasound Scanner Market by End-user
10.2. EUROPE
10.2.1 Europe Veterinary Ultrasound Scanner Market Overview
10.2.2 Europe Veterinary Ultrasound Scanner Market Forecasts and Analysis
10.2.3 Europe Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Product
10.2.4 Europe Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Imaging Technology
10.2.5 Europe Veterinary Ultrasound Scanner Market Forecasts and Analysis - By End-user
10.2.6 Europe Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Veterinary Ultrasound Scanner Market
10.2.6.1.1 Germany Veterinary Ultrasound Scanner Market by Product
10.2.6.1.2 Germany Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.1.3 Germany Veterinary Ultrasound Scanner Market by End-user
10.2.6.2 France Veterinary Ultrasound Scanner Market
10.2.6.2.1 France Veterinary Ultrasound Scanner Market by Product
10.2.6.2.2 France Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.2.3 France Veterinary Ultrasound Scanner Market by End-user
10.2.6.3 Italy Veterinary Ultrasound Scanner Market
10.2.6.3.1 Italy Veterinary Ultrasound Scanner Market by Product
10.2.6.3.2 Italy Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.3.3 Italy Veterinary Ultrasound Scanner Market by End-user
10.2.6.4 Spain Veterinary Ultrasound Scanner Market
10.2.6.4.1 Spain Veterinary Ultrasound Scanner Market by Product
10.2.6.4.2 Spain Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.4.3 Spain Veterinary Ultrasound Scanner Market by End-user
10.2.6.5 United Kingdom Veterinary Ultrasound Scanner Market
10.2.6.5.1 United Kingdom Veterinary Ultrasound Scanner Market by Product
10.2.6.5.2 United Kingdom Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.5.3 United Kingdom Veterinary Ultrasound Scanner Market by End-user
10.2.6.6 Rest of Europe Veterinary Ultrasound Scanner Market
10.2.6.6.1 Rest of Europe Veterinary Ultrasound Scanner Market by Product
10.2.6.6.2 Rest of Europe Veterinary Ultrasound Scanner Market by Imaging Technology
10.2.6.6.3 Rest of Europe Veterinary Ultrasound Scanner Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Veterinary Ultrasound Scanner Market Overview
10.3.2 Asia-Pacific Veterinary Ultrasound Scanner Market Forecasts and Analysis
10.3.3 Asia-Pacific Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Imaging Technology
10.3.5 Asia-Pacific Veterinary Ultrasound Scanner Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Veterinary Ultrasound Scanner Market
10.3.6.1.1 Australia Veterinary Ultrasound Scanner Market by Product
10.3.6.1.2 Australia Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.1.3 Australia Veterinary Ultrasound Scanner Market by End-user
10.3.6.2 China Veterinary Ultrasound Scanner Market
10.3.6.2.1 China Veterinary Ultrasound Scanner Market by Product
10.3.6.2.2 China Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.2.3 China Veterinary Ultrasound Scanner Market by End-user
10.3.6.3 India Veterinary Ultrasound Scanner Market
10.3.6.3.1 India Veterinary Ultrasound Scanner Market by Product
10.3.6.3.2 India Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.3.3 India Veterinary Ultrasound Scanner Market by End-user
10.3.6.4 Japan Veterinary Ultrasound Scanner Market
10.3.6.4.1 Japan Veterinary Ultrasound Scanner Market by Product
10.3.6.4.2 Japan Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.4.3 Japan Veterinary Ultrasound Scanner Market by End-user
10.3.6.5 South Korea Veterinary Ultrasound Scanner Market
10.3.6.5.1 South Korea Veterinary Ultrasound Scanner Market by Product
10.3.6.5.2 South Korea Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.5.3 South Korea Veterinary Ultrasound Scanner Market by End-user
10.3.6.6 Rest of Asia-Pacific Veterinary Ultrasound Scanner Market
10.3.6.6.1 Rest of Asia-Pacific Veterinary Ultrasound Scanner Market by Product
10.3.6.6.2 Rest of Asia-Pacific Veterinary Ultrasound Scanner Market by Imaging Technology
10.3.6.6.3 Rest of Asia-Pacific Veterinary Ultrasound Scanner Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Veterinary Ultrasound Scanner Market Overview
10.4.2 Middle East and Africa Veterinary Ultrasound Scanner Market Forecasts and Analysis
10.4.3 Middle East and Africa Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Imaging Technology
10.4.5 Middle East and Africa Veterinary Ultrasound Scanner Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Veterinary Ultrasound Scanner Market
10.4.6.1.1 South Africa Veterinary Ultrasound Scanner Market by Product
10.4.6.1.2 South Africa Veterinary Ultrasound Scanner Market by Imaging Technology
10.4.6.1.3 South Africa Veterinary Ultrasound Scanner Market by End-user
10.4.6.2 Saudi Arabia Veterinary Ultrasound Scanner Market
10.4.6.2.1 Saudi Arabia Veterinary Ultrasound Scanner Market by Product
10.4.6.2.2 Saudi Arabia Veterinary Ultrasound Scanner Market by Imaging Technology
10.4.6.2.3 Saudi Arabia Veterinary Ultrasound Scanner Market by End-user
10.4.6.3 U.A.E Veterinary Ultrasound Scanner Market
10.4.6.3.1 U.A.E Veterinary Ultrasound Scanner Market by Product
10.4.6.3.2 U.A.E Veterinary Ultrasound Scanner Market by Imaging Technology
10.4.6.3.3 U.A.E Veterinary Ultrasound Scanner Market by End-user
10.4.6.4 Rest of Middle East and Africa Veterinary Ultrasound Scanner Market
10.4.6.4.1 Rest of Middle East and Africa Veterinary Ultrasound Scanner Market by Product
10.4.6.4.2 Rest of Middle East and Africa Veterinary Ultrasound Scanner Market by Imaging Technology
10.4.6.4.3 Rest of Middle East and Africa Veterinary Ultrasound Scanner Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Veterinary Ultrasound Scanner Market Overview
10.5.2 South and Central America Veterinary Ultrasound Scanner Market Forecasts and Analysis
10.5.3 South and Central America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Product
10.5.4 South and Central America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Imaging Technology
10.5.5 South and Central America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Veterinary Ultrasound Scanner Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Veterinary Ultrasound Scanner Market
10.5.6.1.1 Brazil Veterinary Ultrasound Scanner Market by Product
10.5.6.1.2 Brazil Veterinary Ultrasound Scanner Market by Imaging Technology
10.5.6.1.3 Brazil Veterinary Ultrasound Scanner Market by End-user
10.5.6.2 Argentina Veterinary Ultrasound Scanner Market
10.5.6.2.1 Argentina Veterinary Ultrasound Scanner Market by Product
10.5.6.2.2 Argentina Veterinary Ultrasound Scanner Market by Imaging Technology
10.5.6.2.3 Argentina Veterinary Ultrasound Scanner Market by End-user
10.5.6.3 Rest of South and Central America Veterinary Ultrasound Scanner Market
10.5.6.3.1 Rest of South and Central America Veterinary Ultrasound Scanner Market by Product
10.5.6.3.2 Rest of South and Central America Veterinary Ultrasound Scanner Market by Imaging Technology
10.5.6.3.3 Rest of South and Central America Veterinary Ultrasound Scanner Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. VETERINARY ULTRASOUND SCANNER MARKET, KEY COMPANY PROFILES
12.1. ESAOTE SPA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. SIEMENS HEALTHCARE PRIVATE LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SAMSUNG MEDISON CO. LTD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. KONINKLIJKE PHILIPS N.V
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CLARIUS MOBILE HEALTH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. FUJIFILM SONOSITE, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MEDITECH EQUIPMENT CO.,LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. BCF
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SONOSTAR TECHNOLOGIES CO., LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ESAOTE SPA
2. Siemens Healthcare Private Limited
3. Samsung Medison Co. Ltd
4. Koninklijke Philips N.V
5. Clarius Mobile Health
6. FUJIFILM Sonosite, Inc.
7. Meditech Equipment Co.,Ltd
8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
9. BCF
10. Sonostar Technologies Co., Limited
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