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

Coverage: LASIK Surgery Market covers analysis By Type (Wavefront Optimized, Wavefront-Guided, Topography Guided, All Laser); Vision Error (Myopia, Hyperopia, Astigmatism, Others); End User (Hospitals, Eye Care Clinic, LASIK Centers, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018061
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

LASIK Surgery stands for laser- in situ keratomeleusis which is very demanding and effective surgery done in people for correcting vision and to treat farsighted and nearsighted vision. LASIK Is very common these days and it works by reshaping the cornea so that light can focus on retina. LASIK surgery can help to reverse the conditions like myopia, hyperopia and astigmatism. The increase in popularity in corrective eye surgery is expected to drive market growth during forecast period.

MARKET DYNAMICS

The key market drivers for LASIK Surgery Market Includes, rising issues related to vision along with need of corrective surgeries for clear vision. Moreover, rising number of eye centers and hospitals which perform LASIK surgeries is also expected to boost market growth. Additionally, technological advancements in eye surgery is also expected to fuel market growth during forecast period. Whereas, high cost of LASIK surgery is expected to restrain market growth during forecast period.

MARKET SCOPE

The "LASIK Surgery Market" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of LASIK Surgery market with detailed market segmentation by type, vision error and end user. The LASIK Surgery Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in LASIK Surgery Market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The LASIK Surgery Market is segmented on the basis of type, vision error and end user. On the basis of type the market is segmented as, wavefront optimized, wavefront guided, topography guided and all laser. On the basis of vision error the market is segmented as, myopia, hyperopia, astigmatism and others. And on the basis of end user the market is segmented as, hospitals, eye care clinic, LASIK centers and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the LASIK Surgery Market based on various segments. It also provides market size and forecast estimates from 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 LASIK Surgery Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting LASIK Surgery Market from both demand and supply side and further evaluates market dynamics affecting the market during 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 effecting the LASIK Surgery Market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the LASIK Surgery Market based on various segments. It also provides market size and forecast estimates from 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 LASIK Surgery Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting LASIK Surgery Market from both demand and supply side and further evaluates market dynamics affecting the market during 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 effecting the LASIK Surgery Market in these regions.

MARKET PLAYERS

The report covers key developments in the LASIK Surgery Markets 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LASIK Surgery Market are anticipated to have lucrative growth opportunities in the future with the rising demand for, LASIK Surgery market in the global market. Below mentioned is the list of few companies engaged in the LASIK Surgery Market.

The report also includes the profiles of key players in LASIK Surgery Market 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 last 3 years, key development in past five years.

  •   Abbott Inc.
  •   Alcon Laboratories Inc.
  •   AMO Manufacturing USA, LLC
  •   Bausch and Lomb Incorporated
  •   Carl Zeiss, Inc.
  •   LaserSight Technologies, Inc.
  •   Nidek Inc.
  •   Technolas Perfect Vision GmbH.
  •   Novartis
  •   Valeant Pharmaceuticals International

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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
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 LASIK Surgery Market - By Type
1.3.2 LASIK Surgery Market - By Vision Error
1.3.3 LASIK Surgery Market - By End User
1.3.4 LASIK Surgery Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LASIK SURGERY 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. LASIK SURGERY 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. LASIK SURGERY MARKET - GLOBAL MARKET ANALYSIS
6.1. LASIK SURGERY - GLOBAL MARKET OVERVIEW
6.2. LASIK SURGERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. LASIK SURGERY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WAVEFRONT OPTIMIZED
7.3.1. Overview
7.3.2. Wavefront Optimized Market Forecast and Analysis
7.4. WAVEFRONT-GUIDED
7.4.1. Overview
7.4.2. Wavefront-Guided Market Forecast and Analysis
7.5. TOPOGRAPHY GUIDED
7.5.1. Overview
7.5.2. Topography Guided Market Forecast and Analysis
7.6. ALL LASER
7.6.1. Overview
7.6.2. All Laser Market Forecast and Analysis
8. LASIK SURGERY MARKET - REVENUE AND FORECASTS TO 2028 - VISION ERROR
8.1. OVERVIEW
8.2. VISION ERROR MARKET FORECASTS AND ANALYSIS
8.3. MYOPIA
8.3.1. Overview
8.3.2. Myopia Market Forecast and Analysis
8.4. HYPEROPIA
8.4.1. Overview
8.4.2. Hyperopia Market Forecast and Analysis
8.5. ASTIGMATISM
8.5.1. Overview
8.5.2. Astigmatism Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. LASIK SURGERY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. EYE CARE CLINIC
9.4.1. Overview
9.4.2. Eye Care Clinic Market Forecast and Analysis
9.5. LASIK CENTERS
9.5.1. Overview
9.5.2. LASIK Centers Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

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

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. LASIK SURGERY MARKET, KEY COMPANY PROFILES
12.1. ABBOTT INC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALCON LABORATORIES 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. AMO MANUFACTURING USA, LLC
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. BAUSCH AND LOMB INCORPORATED
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. CARL ZEISS, INC
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. LASERSIGHT TECHNOLOGIES, 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. NIDEK 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. TECHNOLAS PERFECT VISION GMBH
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. NOVARTIS
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. VALEANT PHARMACEUTICALS INTERNATIONAL
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. Abbott Inc
2. Alcon Laboratories Inc
3. AMO Manufacturing USA, LLC
4. Bausch and Lomb Incorporated
5. Carl Zeiss, Inc
6. LaserSight Technologies, Inc.
7. Nidek Inc
8. Technolas Perfect Vision GmbH
9. Novartis
10. Valeant Pharmaceuticals International

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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