The remote cardiac monitoring market in APAC is expected to grow from US$ 539.22 million in 2021 to US$ 3,746.28 million by 2028; it is estimated to grow at a CAGR of 31.9% from 2021 to 2028.
China, Japan, and India are major economies in APAC. Increase in incidence of cardiovascular diseases is the major factor driving the growth of the APAC remote cardiac monitoring market. Remote patient monitoring (RPM) allows patients to manage their health better by increasing their involvement in their health care. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are among the leading causes of death worldwide, and ~30 million people experience a stroke each year. Mortalities caused by CVDs in the Asia-Pacific countries range from less than 20% in countries such as Thailand, the Philippines, and Indonesia to 20–30% in urban China, Hong Kong, Japan, Korea, and Malaysia. Countries such as New Zealand, Australia, and Singapore have relatively high rates of 30–35%. Hypertension is a significant risk factor for CVD. RPM may serve as a vital conduit for improving hypertension control and reducing the economic burden stemming from prolonged or frequent hospital stays that result from acute hypertension-related events. Research has shown that RPM can significantly lower systolic blood pressure (SBP) and diastolic blood pressure (DBP) compared to usual care and self-monitoring alone. According to a few non-randomized trials, RPM can improve outcomes by enabling accurate and early detection as well as decreasing all-cause mortality rates and hospitalizations. Recent clinical guidelines strongly recommend the use of RPM for atrial fibrillation (AF) detection in both stroke and non-stroke patients, which is further anticipated to drive the Remote Cardiac Monitoring market in APAC.
The COVID-19 pandemic has critically influenced the region and has also allowed stakeholders to realign their future path based on strategic intent and focus. Moreover, various companies have been manufacturing patient monitoring devices with biosensors for easy and quick results. Reports have indicated that the usage of pulse oximeters in hospitals and at home has increased substantially amid this pandemic. The governments in a few countries are providing reimbursement for pulse oximeter purchases. For instance, in June 2020, the Union Health Ministry of India has decided to reimburse the cost of pulse oximeter purchased by beneficiaries Central Government Health Scheme (CGHS). They are tested positive as a supportive measure for COVID-19 patients monitoring at-home care during the pandemic.Moreover, in June 2021, Max Healthcare launched an artificial intelligence (AI)-powered device combined with a patient monitoring framework, declared the first in the nation. Max Healthcare has launched the service in partnership with MyHealthcare.Similarly, in February 2021, Remo Care Solutions (Kochi) launched Remo.Cardia a remote cardiac monitoring system powered by artificial intelligence that monitors and analyzes patients' vitals on a real-time basis. Thus, increasing government support and reimbursement policies for medical devices is expected to support the market of RPM devices.
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APAC Remote Cardiac Monitoring Market Segmentation
APAC Remote Cardiac Monitoring Market – By Product Type
- Devices
- Vital Signs Monitors
- Heart Rate Monitors
- Blood Pressure Monitors
- Breath Monitors
- Holter Monitors
- Others
- Software
- Cloud Based Software
- On-Premise Software
- Services
APAC Remote Cardiac Monitoring Market – By End User
- Hospitals and Clinics
- Emergency Settings
- Homecare Settings
- Others
APAC Remote Cardiac Monitoring Market– By Country
- Japan
- China
- India
- South Korea
- Australia
- RoAPAC
APAC Remote Cardiac Monitoring Market-Companies Mentioned
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- GE Healthcare
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- OSI Systems, Inc.
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.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Remote Cardiac Monitoring Market – By Product Type
1.3.2 APAC Remote Cardiac Monitoring Market – By End User
1.3.3 APAC Remote Cardiac Monitoring Market – By Country
2. APAC Remote Cardiac Monitoring Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Remote Cardiac Monitoring Market – Market Landscape
4.1 Overview
4.1 PEST Analysis
4.1.1 Asia Pacific – PEST Analysis
4.2 Expert Opinions
5. APAC Remote Cardiac Monitoring Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Incidence of Cardiovascular Diseases
5.1.2 Continuous Developments in Telemedicine Approach
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.3 Market Opportunities
5.3.1 Surge in Preference for Remote Patient Monitoring During COVID-19 Pandemic
5.4 Future Trends
5.4.1 Strategic Initiatives by Market Players
5.5 Impact analysis
6. Remote Cardiac Monitoring Market – APAC Analysis
6.1 APAC Remote Cardiac Monitoring Market Revenue Forecast and Analysis
7. APAC Remote Cardiac Monitoring Market Analysis and forecasts to 2028 – by Product Type
7.1 Overview
7.2 APAC Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)
7.3 Devices
7.3.1 Overview
7.3.2 Devices: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.1 Vital Signs Monitor
7.3.2.1.1 Overview
7.3.2.1.2 Vital Signs Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.2 Holter Monitor
7.3.2.2.1 Overview
7.3.2.2.2 Holter Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.3 Blood Pressure Monitor
7.3.2.3.1 Overview
7.3.2.3.2 Blood Pressure Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.4 Heart Rate Monitors
7.3.2.4.1 Overview
7.3.2.4.2 Heart Rate Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.5 Breath Monitors
7.3.2.5.1 Overview
7.3.2.5.2 Breath Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.3.2.6 Others
7.3.2.6.1 Overview
7.3.2.6.2 Others: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Software
7.4.1 Overview
7.4.2 Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4.2.1 Cloud Based Software
7.4.2.1.1 Overview
7.4.2.1.2 Cloud Based Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.4.2.2 On-Premise Software
7.4.2.2.1 Overview
7.4.2.2.2 On-Premise Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Service
7.5.1 Overview
7.5.2 Service: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8. APAC Remote Cardiac Monitoring Market Analysis and Forecasts to 2028 – by End User
8.1 Overview
8.2 APAC Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)
8.3 Hospitals and Clinics
8.3.1 Overview
8.3.2 Hospitals and Clinics: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Emergency Settings
8.4.1 Overview
8.4.2 Emergency Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Homecare Settings
8.5.1 Overview
8.5.2 Homecare Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)
9. APAC Remote Cardiac Monitoring Market – Country Analysis
9.1 Asia Pacific: Remote Cardiac Monitoring Market
9.1.1 Overview
9.1.2 Asia Pacific: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)
9.1.2.1 China: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 China: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 China Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2.1 China: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.1.2.2 China: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.1.3 China Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.2 Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 Japan Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2.1 Japan: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.2.2.2 Japan: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.2.3 Japan Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.3 India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 India Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2.1 India: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.3.2.2 India: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.3.3 India Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.4 South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2 South Korea Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2.1 South Korea: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.4.2.2 South Korea: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.4.3 South Korea Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.5 Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.1 Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2 Australia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2.1 Australia: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.5.2.2 Australia: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.5.3 Australia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.2.6 Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.6.1 Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.6.2 Rest of Asia Pacific Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.2.1 Rest of Asia Pacific: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.2.6.2.2 Rest of Asia Pacific: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.2.6.3 Rest of Asia Pacific Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
10. Impact Of COVID-19 Pandemic on APAC Remote Cardiac Monitoring Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. APAC Remote Cardiac Monitoring Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 OSI Systems, Inc.
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 GE Healthcare
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 Biotronik, Inc.
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 Nihon Kohden Corporation
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 Boston Scientific Corporation
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 Koninklijke Philips N.V.
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 Honeywell International Inc.
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 Abbott
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 Medtronic
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
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. China Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. China Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 4. China Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 5. China Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Japan Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Japan Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 9. Japan Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. India Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 11. India Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 12. India Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)
Table 13. India Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)
Table 17. South Korea Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Australia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Australia Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 20. Australia Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)
Table 21. Australia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)
Table 25. Rest of Asia Pacific Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 26. Organic Developments Done By Companies
Table 27. Inorganic Developments Done By Companies
Table 28. Glossary of Terms, APAC Remote Cardiac Monitoring Market
LIST OF FIGURES
Figure 1. APAC Remote Cardiac Monitoring Market Segmentation
Figure 2. APAC Remote Cardiac Monitoring Market Segmentation, By Country
Figure 3. APAC Remote Cardiac Monitoring Market Overview
Figure 4. Devices Segment Held Largest Share of APAC Remote Cardiac Monitoring Market
Figure 5. China to Show Significant Growth During Forecast Period
Figure 6. Asia Pacific PEST Analysis
Figure 7. APAC Remote Cardiac Monitoring Market Impact Analysis of Driver and Restraints
Figure 8. APAC Remote Cardiac Monitoring Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. APAC Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)
Figure 10. Devices: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Vital Signs Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Holter Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Blood Pressure Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Heart Rate Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Breath Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Others: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Cloud Based Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. On-Premise Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Service: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. APAC Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)
Figure 22. Hospitals and Clinics: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Emergency Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Homecare Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Others: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Asia Pacific: Remote Cardiac Monitoring Market, by Key Country – Revenue (2021) (USD Million)
Figure 27. Asia Pacific: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)
Figure 28. China: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 31. South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 35. Growth Strategies Done by the Companies in the Market, (%)
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- GE Healthcare
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- OSI Systems, 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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Nov 2021
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography