Europe Medical Equipment Maintenance Market to Reach US$ 9,953.13 Mn at a CAGR of 8.7% in 2027

Europe Medical Equipment Maintenance Market to 2027 - Regional Analysis and Forecasts By Device Type (Electromedical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment); Service Type (Preventive Maintenance, Corrective Maintenance and Operational Maintenance); Service Provider (Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance) and Country

  • Report Code : TIPRE00008085
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 131
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Europe medical equipment maintenance market is anticipated to reach US$ 9,953.13 Mn in 2027 from US$ 4,740.94 Mn in 2018. The medical equipment maintenance market is expected to rise with a CAGR of 8.7% from 2019-2027.

The rise of the medical equipment maintenance market is driven by factors such as the prevalence of chronic diseases, growing medical equipment, and increasing purchase of refurbished medical systems are expected to boost the market over the years. But, stringent regulatory policies are likely to hinder the growth of the market in the future years.

Refurbishment is the systematic process of delivering used equipment to the same condition as when new or even better. In the medical device or equipment, refurbishing means extending its lifetime of the machine, generally from 5 or 7 to 10 or 14 years or above. Hence it fits as a form or reuse and waste prevention. Hospitals are the primary end-users of capital medical equipment, and has become increasingly cost-conscious because of the economic downturn and increasing cost burden on healthcare systems. The healthcare sector is increasingly facing heavy cost pressures. These cost-saving pressures affect the demand for medical devices as well as the characteristics of these devices. According to COCIR, around 95% of medical companies in Europe are small and medium-sized enterprises (SMEs), employing less than 250 people. In 2015, the refurbished diagnostic imaging equipment accounted for 75.5% of the global demand for refurbished medical devices. Based on the above factors, the market for refurbished medical devices will propel the medical equipment maintenance market.

Germany is expected to dominate the market in the European region, owing to an increase in the medical device industry in Germany. Moreover, the prevalence of chronic diseases, the presence of various well-established players in the medical equipment market, is anticipated to increase significantly during the future period. Hence, considering the mentioned factors, the medical equipment maintenance market is expected to grow at a significant pace in Germany during the forecast period.

Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE MEDICAL EQUIPMENT MAINTENANCE – MARKET SEGMENTATION

By Device Type

  • Electromedical Equipment
  • Endoscopic Devices
  • Surgical Instruments
  • Other Medical Equipment

By Service Type

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

By Service Provider

  • Original Equipment Manufactures
  • Independent Service organization
  • In-House Maintenance

By Geography

  • Europe

    • Germany
    • France
    • UK
    • Italy
    • Spain

Company Profiles

  • Boston Scientific Corporation
  • Stryker
  • Medtronic
  • Edward Lifesciences Corporation
  • Johnson & Johnson Services, Inc.
  • Abbott
  • Terumo Corporation
  • B. Braun Melsungen AG
  • Aramark
  • Althea Group
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Device Type, Service Type, Service Provider and Country

Regional Scope
Regional Scope

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

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Medical Equipment Maintenance Market – By Device Type

1.3.2 Europe Medical Equipment Maintenance Market – By Service Type

1.3.3 Europe Medical Equipment Maintenance Market – By Service Provider

1.3.4 Europe Medical Equipment Maintenance Market – By Country

2. Europe Medical Equipment Maintenance Market– Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Medical Equipment Maintenance Market – Market Landscape

4.1 overview

4.2 PEST Analysis

4.2.1 Europe– PEST Analysis

5. Europe Medical Equipment Maintenance Market - Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Rising Prevalence of Chronic Diseases

5.1.2 Increasing Purchase of Refurbished Medical Systems

5.1.3 Growing Medical Equipment Market

5.2 Key Market Restraint

5.2.1 Stringent Regulatory Policies

5.3 Key Market Opportunities

5.3.1 Growing Public Private Partnership in Healthcare Industry

5.4 Future Trends

5.4.1 Super Specialty and Multi-Specialty Hospitals are Expanding in Europe

5.5 Impact Analysis

6. Medical Equipment Maintenance Market – Europe Analysis

6.1 Europe Medical Equipment Maintenance Market Revenue Forecasts and Analysis

6.2 Positioning Of Key Players

7. Europe Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Device Type

7.1 Overview

7.2 Europe Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)

7.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

7.3 Electromedical Equipment

7.3.1 Overview

7.3.2 Europe Electromedical Equipment Market Revenue and Forecast to 2027 (US$ Mn)

7.4 Endoscopic Devices

7.4.1 Overview

7.4.2 Europe Endoscopic Devices Market Revenue and Forecast to 2027 (US$ Mn)

7.5 Surgical Instruments

7.5.1 Overview

7.5.2 Europe Surgical Instruments Market Revenue and Forecast to 2027 (US$ Mn)

7.6 Other Medical Equipment

7.6.1 Overview

7.6.2 Europe Other Medical Equipment Market Revenue and Forecast to 2027 (US$ Mn)

8. Europe Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Service Type

8.1 Overview

8.2 Europe Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)

8.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

8.3 Preventive Maintenance

8.3.1 Overview

8.3.2 Europe Preventive Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

8.4 Corrective Maintenance

8.4.1 Overview

8.4.2 Europe Corrective Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

8.5 Operational Maintenance

8.5.1 Overview

8.5.2 Europe Operational Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

9. Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Service Provider

9.1 Overview

9.2 Europe Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)

9.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

9.3 Original Equipment Manufacturers

9.3.1 Overview

9.3.2 Europe Original Equipment Manufacturers Market Revenue and Forecast to 2027 (US$ Mn)

9.4 Independent Service Organizations

9.4.1 Overview

9.4.2 Europe Independent Service Organizations Market Revenue and Forecast to 2027 (US$ Mn)

9.5 In-House Maintenance

9.5.1 Overview

9.5.2 Europe In-House Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

10. Medical Equipment Maintenance Market Revenue and Forecasts to 2027 – Country Analysis

10.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027

10.1.1 Overview

10.2 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.3 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.4 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.5 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.6 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)

10.7 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.7.1 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.7.2 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.7.3 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.7.4 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.8 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.8.1 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.8.2 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.8.3 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.8.4 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.9 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.9.1 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.9.2 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.9.3 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.9.4 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.10 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.10.1 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.10.2 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.10.3 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.10.4 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.11 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.11.1 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.11.2 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.11.3 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.11.4 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

11. Europe Medical Equipment Maintenance Market –Industry Landscape

11.1 Overview

11.2 Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

11.3 Organic Developments

11.3.1 Overview

11.3.2 Organic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

11.4 Inorganic Developments

11.4.1 Overview

11.4.2 Inorganic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

12. Europe Medical Equipment Maintenance Market–Key Company Profiles

12.1 Boston Scientific Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Financial Overview

12.1.4 Service Portfolio

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Medtronic

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Financial Overview

12.2.4 Service Portfolio

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Stryker

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Financial Overview

12.3.4 Service Portfolio

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Edwards Lifesciences Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Financial Overview

12.4.4 Service Portfolio

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Johnson & Johnson Services, Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Financial Overview

12.5.4 Service Portfolio

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Abbott

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Financial Overview

12.6.4 Service Portfolio

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Terumo Corporation

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Financial Overview

12.7.4 Service Portfolio

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 B. Braun Melsungen AG

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Financial Overview

12.8.4 Service Portfolio

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Aramark

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Financial Overview

12.9.4 Service Portfolio

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Althea Group

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Financial Overview

12.10.4 Service Portfolio

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 2. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 3. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 4. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 5. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 6. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 7. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 8. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 9. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 10. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 11. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 12. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 13. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 14. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 15. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 16. Italy Medical Device Market

Table 17. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 18. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 19. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 20. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 21. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 22. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 23. Recent Organic Growth Strategies in the Medical Equipment Maintenance Market

Table 24. Recent Inorganic Growth Strategies in the Medical Equipment Maintenance Market

Table 25. Glossary of Terms, Medical Equipment Maintenance Market

LIST OF FIGURES

Figure 1. Medical Equipment Maintenance Market Segmentation

Figure 2. Europe Medical Equipment Maintenance Market Overview

Figure 3. Electromedical Equipment Segment Held Largest Share Of The Device Type Segment In Medical Equipment Maintenance Market

Figure 4. Germany Is Expected To Show Remarkable Growth During The Forecast Period

Figure 5. Europe Medical Equipment Maintenance Market- Leading Country Markets (US$ Mn)

Figure 6. Europe Medical Equipment Maintenance Market, Industry Landscape

Figure 7. Europe PEST Analysis

Figure 8. Medical Equipment Maintenance Market Impact Analysis Of Driver And Restraints

Figure 9. Europe Medical Equipment Maintenance Market – Revenue Forecasts and Analysis – 2018- 2027

Figure 10. Market Positioning Of Key Player In Europe Medical Equipment Maintenance Market

Figure 11. Europe Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)

Figure 12. Europe Electromedical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13. Europe Endoscopic Devices Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14. Europe Surgical Instruments Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15. Europe Other Medical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16. Europe Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)

Figure 17. Europe Preventive Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18. Europe Corrective Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19. Europe Operational Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20. Europe Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)

Figure 21. Europe Original Equipment Manufacturers Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22. Europe Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23. Europe In-House Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24. Europe Medical Equipment Maintenance Market Overview, by Country (2018)

Figure 25. Europe Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26. Europe Medical equipment maintenance market Revenue and Forecasts to 2027, By Country (%)

Figure 27. UK Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28. Germany Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29. France Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 30. Italy Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 31. Spain Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 32. Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019


The List of Companies - Europe Medical Equipment Maintenance Market

 

  1. Boston Scientific Corporation
  2. Stryker
  3. Medtronic
  4. Edward Lifesciences Corporation
  5. Johnson & Johnson Services, Inc.
  6. Abbott
  7. Terumo Corporation
  8. B. Braun Melsungen AG
  9. Aramark
  10. Althea Group

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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