The arrythmia monitoring devices market in Europe is expected to grow from US$ 1,739.79 million in 2021 to US$ 2,638.61 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
The UK, Germany, and France are major economies in Europe. Growing geriatric population base is the major factor driving the growth of the Europe arrythmia monitoring devices market. The elderly population in the world is anticipated to reach 1.4 billion in 2030, 2.1 billion in 2050, and more than 3.1 billion in 2100. According to the Global Ageing 2019 survey, the world's population of people with age 65 and above totaled 703 million in 2019. The elderly population is expected to double to 1.5 billion by 2050. The frequency of people with age 65 or above is likely to increase from 1 in 11 to 1 in 6 from 2019 to 2025. According to the WHO, the percentage of people with age 60 and above is estimated to reach 22% by 2050 from 12% in 2015. In 2017, the European Union had ~25% of people with age 60 and above. By 2050, all regions of the world, except Africa, would have ~25% or more of their inhabitants with age 60 and above. Although arrhythmias are common among people of all age groups, their incidence is rising significantly among elderly people. As per the report "Older Americans 2016: Key Indicators of Well-Being" by the Federal Interagency Forum on Aging-Related Statistics, 35.8% of individuals with age 85 and above had a mild or extreme cognitive disorder. Therefore, the rise in prevalence of various diseases among geriatric populations is adding to the demand for arrhythmia monitoring devices, which is further anticipated to drive the market in Europe.The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Spain, Italy, Germany, France, and the UK are among the most affected European countries. As per the Worldometer, as of 23 June 2021, Spain, UK, Italy, Germany, and France recorded 4,651,988; 4,254,294; 3,731,287; and 5,760,002, COVID-19 cases respectively, and the deaths toll is also high in these countries. The current coronavirus (COVID-19) outbreak has been declared by WHO as a public health emergency of international concern according to the International Health Regulation. Also, the pandemic has halted the adoption of new medical device policy and delayed clinical trials and disrupted processes. Two consecutive waves of coronavirus had devastating impact on economic activities in the Europe. Implementation of social distancing and lockdown policies led to closing of cardiac centers and patient visits for elective heart treatments. This factor negatively impacted the adoption of arrhythmia monitoring devices in the region. The European Commission recently postponed the application date of the MDR for one-year due to COVID-19 pandemic. The Medical Device Regulation (MDR) requires manufacturers to conduct Post Market Clinical Follow-Up (PMCF) studies to demonstrate the continued safety and performance of their devices. This is expected to impact the new product launches and ongoing clinical trials of medical devices, impacting sales and growth of the Europe arrhythmia monitoring devices market. In addition, disrupted supply chains, extended lockdowns, and cancelling of travel visits of sales personnel of companies have also negativity affected the growth of the arrhythmia monitoring devices market 
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Europe Arrythmia Monitoring Devices Market Segmentation
Europe Arrythmia Monitoring Devices Market – By Type
- ECG Monitors
- Implantable Monitors
- Holter Monitors
- Mobile Cardiac Telemetry
- Others
Europe Arrythmia Monitoring Devices Market – By Application
- Bradycardia
- Tachycardia
- Atrial Fibrillation
- Ventricular Fibrillation
- Premature Contraction
- Others
Europe Arrythmia Monitoring Devices Market – By End User
- Hospitals and Clinics
- Ambulatory Centers
- Diagnostic Centers
- Others
Europe Arrythmia Monitoring Devices Market, by Country
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
Europe Arrythmia Monitoring Devices Market -Companies Mentioned
- Abbott
- AiveCor, Inc
- Biotronik, Inc.
- General Electric Company
- Hill-Rom Holding Inc.
- Koninklijke Philips N.V.
- Medicalgorithmics
- Medtronic
- OSI Systems, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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 Europe Arrhythmia Monitoring Devices Market – By Type
1.3.2 Europe Arrhythmia Monitoring Devices Market – By Application
1.3.3 Europe Arrhythmia Monitoring Devices Market – By End User
1.3.4 Europe Arrhythmia Monitoring Devices Market– By Country
2. Europe Arrhythmia Monitoring Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Arrhythmia Monitoring Devices Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe– PEST Analysis
4.3 Experts Opinion
5. Europe Arrhythmia Monitoring Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Incidence of Cardiovascular Diseases
5.1.2 Growing Geriatric Population Base
5.2 Market Restraints
5.2.1 Surge in Cost of Products and Procedures
5.3 Market Opportunities
5.3.1 Growth Opportunities in Developing Nations
5.4 Future Trends
5.4.1 Market Consolidations
5.5 Impact Analysis
6. Arrhythmia Monitoring Devices Market– Europe Analysis
6.1 Europe Arrhythmia Monitoring Devices Market Revenue Forecast and Analysis
7. Europe Arrhythmia Monitoring Devices Market Analysis – By Type
7.1 Overview
7.2 Europe Arrhythmia Monitoring Devices Market Revenue Share, by Type (2021 and 2028)
7.3 ECG Monitors
7.3.1 Overview
7.3.2 ECG monitors: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Implantable Monitors
7.4.1 Overview
7.4.2 Implantable Cardiac Monitor: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Holter Monitors
7.5.1 Overview
7.5.2 Holter Monitors: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Mobile Cardiac Telemetry
7.6.1 Overview
7.6.2 Mobile Cardiac Telemetry: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Arrhythmia Monitoring Devices Market Analysis – By Application
8.1 Overview
8.2 Europe Arrhythmia Monitoring Devices Market, by Application 2021 & 2028 (%)
8.3 Bradycardia
8.3.1 Overview
8.3.2 Bradycardia: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Tachycardia
8.4.1 Overview
8.4.2 Tachycardia: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Atrial Fibrillation
8.5.1 Overview
8.5.2 Atrial Fibrillation: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Ventricular Fibrillation
8.6.1 Overview
8.6.2 Ventricular Fibrillation: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Premature Contraction
8.7.1 Overview
8.7.2 Premature contractions: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Arrhythmia Monitoring Devices Market Analysis – By End User
9.1 Overview
9.2 Europe Arrhythmia Monitoring Devices Market Revenue Share, by End User (2021 and 2028)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals & Clinics: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Ambulatory Centers
9.4.1 Overview
9.4.2 Ambulatory Centers: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Diagnostic Centers
9.5.1 Overview
9.5.2 Diagnostic Centers: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Arrhythmia Monitoring Devices Market – Country Analysis
10.1 Europe: Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028
10.1.2 Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.3 Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.4 Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.5 Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Country (%)
10.1.6 UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.6.1 UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.6.2 UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.6.3 UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.6.4 UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.7 Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.7.1 Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.7.2 Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By End User (US$ Mn)
10.1.7.3 Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.7.4 Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.8 France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.8.1 France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.8.2 France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.8.3 France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.8.4 France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.9 Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.9.1 Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.9.2 Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.9.3 Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.9.4 Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.10 Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.10.1 Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.10.2 Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.10.3 Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.10.4 Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10.1.11 Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.11.1 Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.11.2 Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
10.1.11.3 Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.1.11.4 Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
11. Impact of COVID-19 Pandemic on Europe Arrhythmia Monitoring Devices Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Europe Arrhythmia Monitoring Devices Market–Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 Abbott
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Koninklijke Philips N.V.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 General Electric Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hill-Rom Holding Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medtronic
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Biotronik, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 AliveCor, Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.9 Medicalgorithmics
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 OSI Systems, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe and Middle East and Africa Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn).
Table 3. Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 4. Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 5. UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type US$ Mn)
Table 6. UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application US$ Mn)
Table 7. UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 8. Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By End User (US$ Mn)
Table 9. Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application US$ Mn)
Table 10. Germany Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 11. France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 12. France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 13. France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 14. Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 15. Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 16. Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 17. Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 18. Spain Arrhythmia Monitoring Devices Market, by Application – Revenue and Forecast to 2028 by Application (USD Million)
Table 19. Spain Arrhythmia Monitoring Devices Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 20. Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Type (US$ Mn)
Table 21. Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 22. Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 23. Organic Developments Done by Companies
Table 24. Inorganic Developments Done by Companies
Table 25. Glossary of Terms, Arrhythmia Monitoring Devices MarketLIST OF FIGURES
Figure 1. Europe Arrhythmia Monitoring Devices Market Segmentation
Figure 2. Europe Arrhythmia Monitoring Devices Segmentation, By Country
Figure 3. Europe Arrhythmia Monitoring Devices Market Overview
Figure 4. Holter Monitors Held the Largest Share of the Type Segment in Europe Arrhythmia Monitoring Devices Market
Figure 5. UK to Show Significant Growth During Forecast Period
Figure 6. Europe and PEST Analysis
Figure 7. Europe Arrhythmia Monitoring Devices Market: Impact Analysis of Drivers and Restraints
Figure 8. Europe Arrhythmia Monitoring Devices Market– Revenue Forecast and Analysis – 2020- 2028
Figure 9. Europe Arrhythmia Monitoring Devices Market Revenue Share, by Type (2021 and 2028)
Figure 10. ECG Monitors: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Implantable Cardiac Monitor: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Holter Monitors: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Mobile Cardiac Telemetry: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Arrhythmia Monitoring Devices Market, by Application 2021 & 2028 (%)
Figure 16. Bradycardia: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Tachycardia: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Atrial Fibrillation: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Ventricular Fibrillation: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Premature contractions: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Arrhythmia Monitoring Devices Market Revenue Share, by End User (2021 and 2028)
Figure 23. Hospitals & Clinics: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Ambulatory Centers: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Diagnostic Centers: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Europe Arrhythmia Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: Arrhythmia Monitoring Devices Market Revenue Overview, by Country, 2021 (US$ MN)
Figure 28. Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028, By Country (%)
Figure 29. UK Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Germany Arrhythmia Monitoring Devices Products Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. France Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Italy Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. Spain Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 34. Rest of Europe Arrhythmia Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 35. Impact of COVID-19 Pandemic on Arrhythmia Monitoring Devices Market in European Countries
Figure 36. Growth Strategies Done by the Companies in the Market, (%)
- Abbott
- AiveCor, Inc
- Biotronik, Inc.
- General Electric Company
- Hill-Rom Holding Inc.
- Koninklijke Philips N.V.
- Medicalgorithmics
- Medtronic
- 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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Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)