Assistive Robotics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Assistive Robotics Market covers analysis by Mobility (Mobile, Stationary); Type (Socially Assistive Robots, Physically Assistive Robots, Mixed Assistive Robots); Application (Elderly Assistance, Surgery Assistance, Handicap Assistance, Defense, Industrial, Companionship, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00007105
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The assistive robotics are specially designed, keeping in mind the social and physical needs of the user. These are widely used across healthcare facilities in surgery assistance or elderly assistance. Besides, these robots are rapidly penetrating other industries and are being utilized by various manufacturing companies owing to the numerous advantages they offer. The assistive robotics market is quickly emerging and is expected to expand its scope in the coming years.

MARKET DYNAMICS

The assistive robotics market is anticipated to grow in the forecast period owing to driving factors such as a rise in the incidence of strokes and spinal cord injuries and rising insurance coverage for medical exoskeletons and robotic surgeries. However, certifications and standards may hamper the growth of the assistive robotics market during the forecast period. Nevertheless, the increase in funding for research on assistive robotics is likely to fuel the market growth with opportunities in the coming years.

MARKET SCOPE

The "Global Assistive Robotics Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of assistive robotics market with detailed market segmentation by mobility, type, application, and geography. The global assistive robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading assistive robotics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global assistive robotics market is segmented on the basis of mobility, type, and application. The market on the basis of the mobility is classified as mobile and stationary. Based on type, the market is segmented as socially assistive robots, physically assistive robots, and mixed assistive robots. On the basis of the application the market is segmented as elderly assistance, surgery assistance, handicap assistance, defense, industrial, companionship, and others.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global assistive robotics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The assistive robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting assistive robotics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the assistive robotics market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global assistive robotics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The assistive robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting assistive robotics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the assistive robotics market in these regions.

MARKET PLAYERS

The reports cover key developments in the assistive robotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from assistive robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for assistive robotics in the global market. Below mentioned is the list of few companies engaged in the assistive robotics market.

The report also includes the profiles of key assistive robotics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  •  Barrett Technology
  •  Cyberdyne, Inc.
  •  Ekso Bionics Europe GmbH
  •  Focal Meditech
  •  Hyundai Motor Europe GmbH
  •  Intuitive Surgical, Inc.
  •  Kinova Inc.
  •  ReWalk Robotics
  •  SoftBank Robotics
  •  UBTECH Robotics

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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 Assistive Robotics Market - By Mobility
1.3.2 Assistive Robotics Market - By Type
1.3.3 Assistive Robotics Market - By Application
1.3.4 Assistive Robotics Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ASSISTIVE ROBOTICS 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. ASSISTIVE ROBOTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. ASSISTIVE ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. ASSISTIVE ROBOTICS - GLOBAL MARKET OVERVIEW
6.2. ASSISTIVE ROBOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ASSISTIVE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - MOBILITY
7.1. OVERVIEW
7.2. MOBILITY MARKET FORECASTS AND ANALYSIS
7.3. MOBILE
7.3.1. Overview
7.3.2. Mobile Market Forecast and Analysis
7.4. STATIONARY
7.4.1. Overview
7.4.2. Stationary Market Forecast and Analysis
8. ASSISTIVE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. SOCIALLY ASSISTIVE ROBOTS
8.3.1. Overview
8.3.2. Socially Assistive Robots Market Forecast and Analysis
8.4. PHYSICALLY ASSISTIVE ROBOTS
8.4.1. Overview
8.4.2. Physically Assistive Robots Market Forecast and Analysis
8.5. MIXED ASSISTIVE ROBOTS
8.5.1. Overview
8.5.2. Mixed Assistive Robots Market Forecast and Analysis
9. ASSISTIVE ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ELDERLY ASSISTANCE
9.3.1. Overview
9.3.2. Elderly Assistance Market Forecast and Analysis
9.4. SURGERY ASSISTANCE
9.4.1. Overview
9.4.2. Surgery Assistance Market Forecast and Analysis
9.5. HANDICAP ASSISTANCE
9.5.1. Overview
9.5.2. Handicap Assistance Market Forecast and Analysis
9.6. DEFENSE
9.6.1. Overview
9.6.2. Defense Market Forecast and Analysis
9.7. INDUSTRIAL
9.7.1. Overview
9.7.2. Industrial Market Forecast and Analysis
9.8. COMPANIONSHIP
9.8.1. Overview
9.8.2. Companionship Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis

10. ASSISTIVE ROBOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Assistive Robotics Market Overview
10.1.2 North America Assistive Robotics Market Forecasts and Analysis
10.1.3 North America Assistive Robotics Market Forecasts and Analysis - By Mobility
10.1.4 North America Assistive Robotics Market Forecasts and Analysis - By Type
10.1.5 North America Assistive Robotics Market Forecasts and Analysis - By Application
10.1.6 North America Assistive Robotics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Assistive Robotics Market
10.1.6.1.1 United States Assistive Robotics Market by Mobility
10.1.6.1.2 United States Assistive Robotics Market by Type
10.1.6.1.3 United States Assistive Robotics Market by Application
10.1.6.2 Canada Assistive Robotics Market
10.1.6.2.1 Canada Assistive Robotics Market by Mobility
10.1.6.2.2 Canada Assistive Robotics Market by Type
10.1.6.2.3 Canada Assistive Robotics Market by Application
10.1.6.3 Mexico Assistive Robotics Market
10.1.6.3.1 Mexico Assistive Robotics Market by Mobility
10.1.6.3.2 Mexico Assistive Robotics Market by Type
10.1.6.3.3 Mexico Assistive Robotics Market by Application
10.2. EUROPE
10.2.1 Europe Assistive Robotics Market Overview
10.2.2 Europe Assistive Robotics Market Forecasts and Analysis
10.2.3 Europe Assistive Robotics Market Forecasts and Analysis - By Mobility
10.2.4 Europe Assistive Robotics Market Forecasts and Analysis - By Type
10.2.5 Europe Assistive Robotics Market Forecasts and Analysis - By Application
10.2.6 Europe Assistive Robotics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Assistive Robotics Market
10.2.6.1.1 Germany Assistive Robotics Market by Mobility
10.2.6.1.2 Germany Assistive Robotics Market by Type
10.2.6.1.3 Germany Assistive Robotics Market by Application
10.2.6.2 France Assistive Robotics Market
10.2.6.2.1 France Assistive Robotics Market by Mobility
10.2.6.2.2 France Assistive Robotics Market by Type
10.2.6.2.3 France Assistive Robotics Market by Application
10.2.6.3 Italy Assistive Robotics Market
10.2.6.3.1 Italy Assistive Robotics Market by Mobility
10.2.6.3.2 Italy Assistive Robotics Market by Type
10.2.6.3.3 Italy Assistive Robotics Market by Application
10.2.6.4 United Kingdom Assistive Robotics Market
10.2.6.4.1 United Kingdom Assistive Robotics Market by Mobility
10.2.6.4.2 United Kingdom Assistive Robotics Market by Type
10.2.6.4.3 United Kingdom Assistive Robotics Market by Application
10.2.6.5 Russia Assistive Robotics Market
10.2.6.5.1 Russia Assistive Robotics Market by Mobility
10.2.6.5.2 Russia Assistive Robotics Market by Type
10.2.6.5.3 Russia Assistive Robotics Market by Application
10.2.6.6 Rest of Europe Assistive Robotics Market
10.2.6.6.1 Rest of Europe Assistive Robotics Market by Mobility
10.2.6.6.2 Rest of Europe Assistive Robotics Market by Type
10.2.6.6.3 Rest of Europe Assistive Robotics Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Assistive Robotics Market Overview
10.3.2 Asia-Pacific Assistive Robotics Market Forecasts and Analysis
10.3.3 Asia-Pacific Assistive Robotics Market Forecasts and Analysis - By Mobility
10.3.4 Asia-Pacific Assistive Robotics Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Assistive Robotics Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Assistive Robotics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Assistive Robotics Market
10.3.6.1.1 Australia Assistive Robotics Market by Mobility
10.3.6.1.2 Australia Assistive Robotics Market by Type
10.3.6.1.3 Australia Assistive Robotics Market by Application
10.3.6.2 China Assistive Robotics Market
10.3.6.2.1 China Assistive Robotics Market by Mobility
10.3.6.2.2 China Assistive Robotics Market by Type
10.3.6.2.3 China Assistive Robotics Market by Application
10.3.6.3 India Assistive Robotics Market
10.3.6.3.1 India Assistive Robotics Market by Mobility
10.3.6.3.2 India Assistive Robotics Market by Type
10.3.6.3.3 India Assistive Robotics Market by Application
10.3.6.4 Japan Assistive Robotics Market
10.3.6.4.1 Japan Assistive Robotics Market by Mobility
10.3.6.4.2 Japan Assistive Robotics Market by Type
10.3.6.4.3 Japan Assistive Robotics Market by Application
10.3.6.5 South Korea Assistive Robotics Market
10.3.6.5.1 South Korea Assistive Robotics Market by Mobility
10.3.6.5.2 South Korea Assistive Robotics Market by Type
10.3.6.5.3 South Korea Assistive Robotics Market by Application
10.3.6.6 Rest of Asia-Pacific Assistive Robotics Market
10.3.6.6.1 Rest of Asia-Pacific Assistive Robotics Market by Mobility
10.3.6.6.2 Rest of Asia-Pacific Assistive Robotics Market by Type
10.3.6.6.3 Rest of Asia-Pacific Assistive Robotics Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Assistive Robotics Market Overview
10.4.2 Middle East and Africa Assistive Robotics Market Forecasts and Analysis
10.4.3 Middle East and Africa Assistive Robotics Market Forecasts and Analysis - By Mobility
10.4.4 Middle East and Africa Assistive Robotics Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Assistive Robotics Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Assistive Robotics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Assistive Robotics Market
10.4.6.1.1 South Africa Assistive Robotics Market by Mobility
10.4.6.1.2 South Africa Assistive Robotics Market by Type
10.4.6.1.3 South Africa Assistive Robotics Market by Application
10.4.6.2 Saudi Arabia Assistive Robotics Market
10.4.6.2.1 Saudi Arabia Assistive Robotics Market by Mobility
10.4.6.2.2 Saudi Arabia Assistive Robotics Market by Type
10.4.6.2.3 Saudi Arabia Assistive Robotics Market by Application
10.4.6.3 U.A.E Assistive Robotics Market
10.4.6.3.1 U.A.E Assistive Robotics Market by Mobility
10.4.6.3.2 U.A.E Assistive Robotics Market by Type
10.4.6.3.3 U.A.E Assistive Robotics Market by Application
10.4.6.4 Rest of Middle East and Africa Assistive Robotics Market
10.4.6.4.1 Rest of Middle East and Africa Assistive Robotics Market by Mobility
10.4.6.4.2 Rest of Middle East and Africa Assistive Robotics Market by Type
10.4.6.4.3 Rest of Middle East and Africa Assistive Robotics Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Assistive Robotics Market Overview
10.5.2 South and Central America Assistive Robotics Market Forecasts and Analysis
10.5.3 South and Central America Assistive Robotics Market Forecasts and Analysis - By Mobility
10.5.4 South and Central America Assistive Robotics Market Forecasts and Analysis - By Type
10.5.5 South and Central America Assistive Robotics Market Forecasts and Analysis - By Application
10.5.6 South and Central America Assistive Robotics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Assistive Robotics Market
10.5.6.1.1 Brazil Assistive Robotics Market by Mobility
10.5.6.1.2 Brazil Assistive Robotics Market by Type
10.5.6.1.3 Brazil Assistive Robotics Market by Application
10.5.6.2 Argentina Assistive Robotics Market
10.5.6.2.1 Argentina Assistive Robotics Market by Mobility
10.5.6.2.2 Argentina Assistive Robotics Market by Type
10.5.6.2.3 Argentina Assistive Robotics Market by Application
10.5.6.3 Rest of South and Central America Assistive Robotics Market
10.5.6.3.1 Rest of South and Central America Assistive Robotics Market by Mobility
10.5.6.3.2 Rest of South and Central America Assistive Robotics Market by Type
10.5.6.3.3 Rest of South and Central America Assistive Robotics Market by Application

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. ASSISTIVE ROBOTICS MARKET, KEY COMPANY PROFILES
12.1. BARRETT TECHNOLOGY
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. CYBERDYNE, INC.
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. EKSO BIONICS EUROPE GMBH
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. FOCAL MEDITECH
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. HYUNDAI MOTOR EUROPE GMBH
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. INTUITIVE SURGICAL, 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. KINOVA 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. REWALK ROBOTICS
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. SOFTBANK ROBOTICS
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. UBTECH ROBOTICS
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
The List of Companies

1.Barrett Technology
2.Cyberdyne, Inc.
3.Ekso Bionics Europe GmbH
4.Focal Meditech
5.Hyundai Motor Europe GmbH
6.Intuitive Surgical, Inc.
7.Kinova Inc.
8.ReWalk Robotics
9.SoftBank Robotics
10.UBTECH Robotics

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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