The Asia Pacific biopsy devices marketis expected to reach US$ 744.80 million by 2027 from US$ 440.88 million in 2019; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027.
The key factors driving the growth of biopsy devices are increasing incidence of cancer, surging demand of minimally invasive surgeries, and government support and initiatives. However, limitations associated to biopsy devices is the major factor hindering the market growth in Asia Pacific.
A biopsy is a medical examination generally implemented by surgeons, interventional radiologists, or interventional cardiologists to extract sample cells or tissues for the identification and diagnosis of a disease. The tissue is further examined microscopically by pathologists, or is tested through chemical procedures. Biopsies are most commonly performed to identify cancerous and inflammatory conditions.
The increasing prevalence of cancer in Asia Pacific countries is likely to augment the growth of the Asia Pacific biopsy devices market in this region in the coming years. According to the WHO, India reported ~1.16 million new cancer cases and ~784,800 deaths in 2018. Breast cancer, oral cancer, cervical cancer, lung cancer, stomach cancer, and colorectal cancer are the most common types of cancer in India, which together accounted for 49% of all new cancer cases.Additionally, the burden of this disease, along with overweight, on the healthcare systems;lower levels of physical activities; and large population base adopting sedentary lifestyles due to higher socioeconomic status have been the prime factors contributing to the rising prevalence of cancer. According to the WHO study, the region/country would witness the greatest increase in cancer cases over the next two decades, especially a rise of ~81% new cases in low-and middle-income countries where survival rates are currently the lowest.Fujifilm Corporation and Jiuhong Medical Instrument Co., Ltd.,are among the major companies manufacturing biopsy devices and accessories to diagnose cancer and other diseases.
Countries in Asia-Pacific are facing huge challenge due to widespread COVID-19 infection in this region. According to the WHO, due to the risk of COVID-19 affected countries and constantly controlling outbreak trends, any additional health measures are likely to significantly interfere with international travel and trade. This has resulted in adverse effects on all many medical industries, including cancer diagnostics. According to a recent article published in April 2020, cancer patients admitted at hospitals in Delhi, India, are facing immense hardships as their treatments and diagnosis, and progress-checking tests have been postponed as the hospitals are preoccupied with managing the COVID-19 cases.
Rest of Asia Pacific Biopsy Devices Market,Revenue and Forecast to 2027 (US$ Million)
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ASIA PACIFICBIOPSY DEVICES MARKET SEGMENTATION
By Product
- Needle-Based Biopsy
- Core Biopsy Devices
- Aspiration Biopsy Needles
- Vacuum-Assisted Biopsy (VAB) Devices
- Localization Wires
- Procedure Trays
- Others
By Application
- Lung Biopsy
- Kidney Biopsy
- Liver Biopsy
- Breast Biopsy
- Others
By Technology
- CT-Scan
- Ultrasound-Guided Biopsy
- Stereotactic-Guided Biopsy
- MRI-Guided Biopsy
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia
Company Profiles
- B. Braun Melsungen AG
- Medtronic
- Fujifilm Corporation
- Danaher
- Hologic, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Technology, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biopsy Devices Market – By Product
1.3.2 Asia Pacific Biopsy Devices Market – By Technology
1.3.3 Asia Pacific Biopsy Devices Market – By Application
1.3.4 Asia Pacific Biopsy Devices Market – By Country
2. Asia Pacific Biopsy Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Biopsy Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Biopsy Devices Market - Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Biopsy Devices Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidence of Cancer
5.1.2 Government Support and Initiatives
5.1.3 Surging Demand For Minimally Invasive Surgery
5.2 Key Market Restraints
5.2.1 Limitations Associated with Biopsy
5.3 Key Market Opportunities
5.3.1 Increasing Awareness Regarding Early Disease Detection
5.4 Future Trends
5.4.1 Consistent Improvement in Product Designs
5.5 Impact Analysis
6. Biopsy Devices Market – Asia Pacific Analysis
6.1 Asia Pacific Biopsy Devices Market Revenue Forecasts and Analysis
7. Asia Pacific Biopsy Devices Market Analysis and Forecasts To 2027 – By Product
7.1 Overview
7.2 Asia Pacific Biopsy Devices market, By Product 2019 & 2027 (%)
7.2.1 Asia Pacific Biopsy Devices Market Revenue and Forecasts to 2027, By Product (US$ Mn)
7.2.2 Needle-Based Biopsy Market Revenue and Forecasts to 2027, By Type (US$ Million)
7.3 Needle-Based Biopsy
7.3.1 Overview
7.3.2 Asia Pacific Needle-Based Biopsy Market Revenue and Forecast to 2027 (US$ Mn)
7.3.3 Core Biopsy Devices
7.3.3.1 Overview
7.3.3.2 Asia Pacific Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.4 Aspiration Biopsy Needles
7.3.4.1 Overview
7.3.4.2 Asia Pacific Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.5 Vacuum Assisted Biopsy (VAB) Devices
7.3.5.1 Overview
7.3.5.2 Asia Pacific Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Localization Wires
7.4.1 Overview
7.4.2 Asia Pacific Localization Wires Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Procedure Trays
7.5.1 Overview
7.5.2 Asia Pacific Procedure Trays Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia Pacific Biopsy Devices Market Analysis – By Technology
8.1 Overview
8.2 Asia Pacific Biopsy Devices Market, By Technology 2019-2027 (%)
8.2.1 Asia Pacific Biopsy Market Devices Revenue and Forecasts to 2027, By Technology (US$ Mn)
8.3 CT Scan
8.3.1 Overview
8.3.2 Asia Pacific CT Scan Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Ultrasound Guided Biopsy
8.4.1 Overview
8.4.2 Asia Pacific Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Stereotactic Guided Biopsy
8.5.1 Overview
8.5.2 Asia Pacific Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 MRI Guided Biopsy
8.6.1 Overview
8.6.2 Asia Pacific MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia Pacific Biopsy Devices Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Biopsy Devices Market, By Application 2019-2027 (%)
9.2.1 Asia Pacific Biopsy Devices Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.3 Lungs Biopsy
9.3.1 Overview
9.3.2 Asia Pacific Lungs Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Kidney Biopsy
9.4.1 Overview
9.4.2 Asia Pacific Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Liver Biopsy
9.5.1 Overview
9.5.2 Asia Pacific Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Breast Biopsy
9.6.1 Overview
9.6.2 Asia Pacific Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Biopsy Devices Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Asia Pacific Biopsy Devices Market Revenue and Forecasts To 2027
10.1.1 Overview
10.1.2 Asia-Pacific: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.6 Asia-Pacific: Biopsy Devices Market, by Country, 2019 & 2027 (%)
10.1.7 China: Biopsy Devices Market
10.1.7.1 China: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.7.2 China: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.1.7.2.1 China: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.1.7.3 China: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.7.4 China: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.8 Japan: Biopsy Devices Market
10.1.8.1 Japan: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.8.2 Japan: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.1.8.2.1 Japan: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.1.8.3 Japan: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.8.4 Japan: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.9 India: Biopsy Devices Market
10.1.9.1 India: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.9.2 India: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.1.9.2.1 India: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.1.9.3 India: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.9.4 India: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.10 South Korea: Biopsy Devices Market
10.1.10.1 South Korea: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.10.2 South Korea: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.1.10.2.1 South Korea: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.1.10.3 South Korea: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.10.4 South Korea: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
10.1.11 Australia: Biopsy Devices Market
10.1.11.1 Australia: Biopsy Devices Market – Revenue and Forecast to 2027 (USD Millions)
10.1.11.2 Australia: Biopsy Devices Market, by Product, 2018–2027 (USD Million)
10.1.11.2.1 Australia: Needle-Based Biopsy Devices Market, by Type, 2018–2027 (USD Million)
10.1.11.3 Australia: Biopsy Devices, Market, by Technology, 2018–2027 (USD Million)
10.1.11.4 Australia: Biopsy Devices Market, by Application, 2018–2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Asia Pacific Biopsy Devices Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 B. Braun Melsungen AG
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 Medtronic
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 Fujifilm Corporation
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 Hologic, Inc.
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 Danaher
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
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Biopsy Devices Market Revenue and Forecasts To 2027, By Product (US$ Mn)
Table 2. Needle-Based Biopsy Market Revenue And Forecasts to 2027, By Type (US$ Million)
Table 3. Asia Pacific Biopsy Devices Market Revenue and Forecasts To 2027, By Technology (US$ Mn)
Table 4. Asia Pacific Biopsy Devices Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 9. China Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 10. China Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 11. China Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 12. China Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. Japan Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 14. Japan Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 15. Japan Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 16. Japan Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 17. India Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 18. India Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 19. India Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 20. India Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. South Korea Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 22. South Korea Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 23. South Korea Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 24. South Korea Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 25. Incidence, Mortality and Prevalence by cancer site, Australia, 2018
Table 26. Australia Biopsy Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 27. Australia Needle-Based Biopsy Devices Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 28. Australia Biopsy Devices Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 29. Australia Biopsy Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 30. Glossary of Terms, Biopsy Devices Market
LIST OF FIGURES
Figure 1. Biopsy Devices Market Segmentation
Figure 2. Asia Pacific Biopsy Devices Market Overview
Figure 3. Needle-Based Biopsy Segment Held Largest Share of Product Segment in Biopsy Devices Market
Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Asia Pacific Biopsy Devices Market - Leading Country Markets (US$ Mn)
Figure 6. Biopsy Devices Market - Asia Pacific PEST Analysis
Figure 7. Biopsy Devices Market Impact Analysis of Driver and Restraints
Figure 8. Asia Pacific Biopsy Devices market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Asia Pacific Biopsy Devices market, By Product 2019 & 2027 (%)
Figure 10. Asia Pacific Needle-Based Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Asia Pacific Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Asia Pacific Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia Pacific Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia Pacific Localization Wires Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Asia Pacific Procedure Trays Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia Pacific Biopsy Devices Market, by technology 2019 & 2027 (%)
Figure 18. Asia Pacific CT Scan Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia Pacific Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia Pacific Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia Pacific MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Asia Pacific Biopsy Devices Market, by Application 2019 & 2027 (%)
Figure 24. Asia Pacific Lungs Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Asia Pacific Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Asia Pacific Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Asia Pacific Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Asia-Pacific: Biopsy Devices Market, by Key Country – Revenue (2019) (USD Millions)
Figure 30. Asia-Pacific Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 31. Asia-Pacific: Biopsy Devices Market, by Country, 2019 & 2027 (%)
Figure 32. China Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 33. Japan Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 34. India Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 35. South Korea Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 36. Australia Biopsy Devices Market Revenue and Forecast to 2027 (USD Millions)
Figure 37. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
The List of Companies - Asia Pacific Biopsy Devices Market
- B. Braun Melsungen AG
- Medtronic
- Fujifilm Corporation
- Danaher
- Hologic, 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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