Enteral feeding is the intake of food via the gastrointestinal tract. Nutritional supplements such as protein, carbohydrate, minerals, vitamins, and water are required by patients that suffer from chronic diseases. The administration sets are a reliable source of nutrition delivery to patients. These sets can make up the patient's entire caloric intake or be used as a supplement. These devices deliver the nutrition directly into the patient's stomach. The common medical conditions where the enteral feeding sets are used include strokes, cancer, neurological disorders, and many more.
MARKET SCOPE
The "Global Enteral Feeding Administration Sets Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the enteral feeding administration sets market with detailed market segmentation by order type, application, and geography. The report provides key statistics on the market status of the leading enteral feeding administration sets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on order type, the global enteral feeding administration sets market is segmented into enteral feeding bag sets, enteral feeding pump giving sets, enteral feeding tubes and others.
- Based on application, the market is segmented into gastrostomy feeding, jejunostomy feeding, nasoenteric feeding and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for enteral feeding in the home care settings.
- Increase in prevalence of chronic diseases.
- Growing geriatric population.
- The growing shift towards enteral nutrition.
- Rapid technological advancements in enteral feeding sets.
Restraints:
- Complications associated with enteral feeding devices.
- Patient safety risks.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enteral feeding administration sets 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 the 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 America after evaluating political, economic, social and technological factors affecting the enteral feeding administration sets market in these regions.
IMPACT OF COVID-19 ON ENTERAL FEEDING ADMINISTRATION SETS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to the COVID-19 outbreak, there was a significant impact on the enteral feeding administration sets market. The product manufacturing, supply chain, economies, and industries in various countries have been disrupted due to lockdowns, travel bans, and business shutdowns. As the cases were increasing, there has been a growing need to improve patient care and provide nutritional support to patients infected by the virus. It resulted in increased use of enteral feeding devices like feeding tubes and administration sets to meet patient's nutritional needs. Hence, the pandemic positively impacted the market's growth and is expected to favor market growth in the future.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enteral feeding administration sets 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 the 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 America after evaluating political, economic, social and technological factors affecting the enteral feeding administration sets market in these regions.
IMPACT OF COVID-19 ON ENTERAL FEEDING ADMINISTRATION SETS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to the COVID-19 outbreak, there was a significant impact on the enteral feeding administration sets market. The product manufacturing, supply chain, economies, and industries in various countries have been disrupted due to lockdowns, travel bans, and business shutdowns. As the cases were increasing, there has been a growing need to improve patient care and provide nutritional support to patients infected by the virus. It resulted in increased use of enteral feeding devices like feeding tubes and administration sets to meet patient's nutritional needs. Hence, the pandemic positively impacted the market's growth and is expected to favor market growth in the future.
MARKET PLAYERS
The report covers key developments in the enteral feeding administration sets 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 way for the expansion of business and customer base of market players. The market players from enteral feeding administration sets market are anticipated to have lucrative growth opportunities in the future with the rising demand for enteral feeding administration sets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enteral feeding administration sets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cardinal Health
- Abbott
- Boston Scientific
- B. Braun
- Avanos Medical
- Cook Medical
- Alcor Scientific
- Fresenius Kabi
- BD
- Nestle Health Science
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.
- 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 Enteral Feeding Administration Sets Market - By Order Type
1.3.2 Enteral Feeding Administration Sets Market - By Application
1.3.3 Enteral Feeding Administration Sets Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERAL FEEDING ADMINISTRATION SETS 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. ENTERAL FEEDING ADMINISTRATION SETS 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. ENTERAL FEEDING ADMINISTRATION SETS MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERAL FEEDING ADMINISTRATION SETS - GLOBAL MARKET OVERVIEW
6.2. ENTERAL FEEDING ADMINISTRATION SETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ENTERAL FEEDING ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - ORDER TYPE
7.1. OVERVIEW
7.2. ORDER TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENTERAL FEEDING BAG SETS
7.3.1. Overview
7.3.2. Enteral Feeding Bag Sets Market Forecast and Analysis
7.4. ENTERAL FEEDING PUMP GIVING SETS
7.4.1. Overview
7.4.2. Enteral Feeding Pump Giving Sets Market Forecast and Analysis
7.5. ENTERAL FEEDING TUBES
7.5.1. Overview
7.5.2. Enteral Feeding Tubes Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ENTERAL FEEDING ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GASTROSTOMY FEEDING
8.3.1. Overview
8.3.2. Gastrostomy Feeding Market Forecast and Analysis
8.4. JEJUNOSTOMY FEEDING
8.4.1. Overview
8.4.2. Jejunostomy Feeding Market Forecast and Analysis
8.5. NASOENTERIC FEEDING
8.5.1. Overview
8.5.2. Nasoenteric Feeding Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ENTERAL FEEDING ADMINISTRATION SETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Enteral Feeding Administration Sets Market Overview
9.1.2 North America Enteral Feeding Administration Sets Market Forecasts and Analysis
9.1.3 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.1.4 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.1.5 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Enteral Feeding Administration Sets Market
9.1.5.1.1 Canada Enteral Feeding Administration Sets Market by Order Type
9.1.5.1.2 Canada Enteral Feeding Administration Sets Market by Application
9.1.5.2 Mexico Enteral Feeding Administration Sets Market
9.1.5.2.1 Mexico Enteral Feeding Administration Sets Market by Order Type
9.1.5.2.2 Mexico Enteral Feeding Administration Sets Market by Application
9.1.5.3 US Enteral Feeding Administration Sets Market
9.1.5.3.1 US Enteral Feeding Administration Sets Market by Order Type
9.1.5.3.2 US Enteral Feeding Administration Sets Market by Application
9.2. EUROPE
9.2.1 Europe Enteral Feeding Administration Sets Market Overview
9.2.2 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis
9.2.3 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.2.4 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.2.5 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Enteral Feeding Administration Sets Market
9.2.5.1.1 Germany Enteral Feeding Administration Sets Market by Order Type
9.2.5.1.2 Germany Enteral Feeding Administration Sets Market by Application
9.2.5.2 France Enteral Feeding Administration Sets Market
9.2.5.2.1 France Enteral Feeding Administration Sets Market by Order Type
9.2.5.2.2 France Enteral Feeding Administration Sets Market by Application
9.2.5.3 Italy Enteral Feeding Administration Sets Market
9.2.5.3.1 Italy Enteral Feeding Administration Sets Market by Order Type
9.2.5.3.2 Italy Enteral Feeding Administration Sets Market by Application
9.2.5.4 Spain Enteral Feeding Administration Sets Market
9.2.5.4.1 Spain Enteral Feeding Administration Sets Market by Order Type
9.2.5.4.2 Spain Enteral Feeding Administration Sets Market by Application
9.2.5.5 United Kingdom Enteral Feeding Administration Sets Market
9.2.5.5.1 United Kingdom Enteral Feeding Administration Sets Market by Order Type
9.2.5.5.2 United Kingdom Enteral Feeding Administration Sets Market by Application
9.2.5.6 Rest of Europe Enteral Feeding Administration Sets Market
9.2.5.6.1 Rest of Europe Enteral Feeding Administration Sets Market by Order Type
9.2.5.6.2 Rest of Europe Enteral Feeding Administration Sets Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Enteral Feeding Administration Sets Market Overview
9.3.2 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis
9.3.3 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.3.4 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Enteral Feeding Administration Sets Market
9.3.5.1.1 Australia Enteral Feeding Administration Sets Market by Order Type
9.3.5.1.2 Australia Enteral Feeding Administration Sets Market by Application
9.3.5.2 China Enteral Feeding Administration Sets Market
9.3.5.2.1 China Enteral Feeding Administration Sets Market by Order Type
9.3.5.2.2 China Enteral Feeding Administration Sets Market by Application
9.3.5.3 India Enteral Feeding Administration Sets Market
9.3.5.3.1 India Enteral Feeding Administration Sets Market by Order Type
9.3.5.3.2 India Enteral Feeding Administration Sets Market by Application
9.3.5.4 Japan Enteral Feeding Administration Sets Market
9.3.5.4.1 Japan Enteral Feeding Administration Sets Market by Order Type
9.3.5.4.2 Japan Enteral Feeding Administration Sets Market by Application
9.3.5.5 South Korea Enteral Feeding Administration Sets Market
9.3.5.5.1 South Korea Enteral Feeding Administration Sets Market by Order Type
9.3.5.5.2 South Korea Enteral Feeding Administration Sets Market by Application
9.3.5.6 Rest of Asia-Pacific Enteral Feeding Administration Sets Market
9.3.5.6.1 Rest of Asia-Pacific Enteral Feeding Administration Sets Market by Order Type
9.3.5.6.2 Rest of Asia-Pacific Enteral Feeding Administration Sets Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Enteral Feeding Administration Sets Market Overview
9.4.2 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis
9.4.3 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.4.4 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Enteral Feeding Administration Sets Market
9.4.5.1.1 South Africa Enteral Feeding Administration Sets Market by Order Type
9.4.5.1.2 South Africa Enteral Feeding Administration Sets Market by Application
9.4.5.2 Saudi Arabia Enteral Feeding Administration Sets Market
9.4.5.2.1 Saudi Arabia Enteral Feeding Administration Sets Market by Order Type
9.4.5.2.2 Saudi Arabia Enteral Feeding Administration Sets Market by Application
9.4.5.3 U.A.E Enteral Feeding Administration Sets Market
9.4.5.3.1 U.A.E Enteral Feeding Administration Sets Market by Order Type
9.4.5.3.2 U.A.E Enteral Feeding Administration Sets Market by Application
9.4.5.4 Rest of Middle East and Africa Enteral Feeding Administration Sets Market
9.4.5.4.1 Rest of Middle East and Africa Enteral Feeding Administration Sets Market by Order Type
9.4.5.4.2 Rest of Middle East and Africa Enteral Feeding Administration Sets Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Enteral Feeding Administration Sets Market Overview
9.5.2 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis
9.5.3 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.5.4 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.5.5 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Enteral Feeding Administration Sets Market
9.5.5.1.1 Brazil Enteral Feeding Administration Sets Market by Order Type
9.5.5.1.2 Brazil Enteral Feeding Administration Sets Market by Application
9.5.5.2 Argentina Enteral Feeding Administration Sets Market
9.5.5.2.1 Argentina Enteral Feeding Administration Sets Market by Order Type
9.5.5.2.2 Argentina Enteral Feeding Administration Sets Market by Application
9.5.5.3 Rest of South and Central America Enteral Feeding Administration Sets Market
9.5.5.3.1 Rest of South and Central America Enteral Feeding Administration Sets Market by Order Type
9.5.5.3.2 Rest of South and Central America Enteral Feeding Administration Sets Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENTERAL FEEDING ADMINISTRATION SETS MARKET, KEY COMPANY PROFILES
11.1. CARDINAL HEALTH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ABBOTT
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. B. BRAUN
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AVANOS MEDICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COOK MEDICAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ALCOR SCIENTIFIC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FRESENIUS KABI
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NESTLE HEALTH SCIENCE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Cardinal Health
2. Abbott
3. Boston Scientific
4. B. Braun
5. Avanos Medical
6. Cook Medical
7. Alcor Scientific
8. Fresenius Kabi
9. BD
10. Nestle Health Science
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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