Patient lift sling is an essential part of patient lifting in that a sling is placed under and around patients who have mobility issues. Patient lift sling is use to transfer a patient safely from a bed, wheelchair, toilet, or shower, and also helping in reducing possible injury for both the patient and caregiver.
MARKET DYNAMICS
The patient lift slings market is projected to grow during the forecast period owing to the key driving factors such as growing geriatric and bariatric population globally, increasing adoption of advanced medical lifting slings, and improvement in healthcare infrastructure, the market is likely to experience growth opportunities owing to the rising awareness towards patient handling equipment.
MARKET SCOPE
The "Global Patient Lift Slings Market Analysis to 2028" 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 patient lift slings market with detailed market segmentation by product, usage, sling shape, material, end user, and geography. The global patient lift slings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading patient lift slings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global patient lift slings market is segmented on the basis of product, usage, sling shape, material, and end user. Based on product the market is segmented bariatric slings, seating slings, stand up slings, transfer slings, universal slings, hammock slings, toileting slings, and others. On the basis of usage the market is classified as reusable and disposable. Based on sling shape the market is segmented u shape slings and full body slings. On the basis of material the market is classified as canvas, padded, nylon, mesh, and others. Based on end user the market is segmented hospitals, home healthcare, nursing homes, elderly care assisted living facility, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global patient lift slings 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 patient lift slings 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 patient lift slings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the patient lift slings market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global patient lift slings 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 patient lift slings 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 patient lift slings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the patient lift slings market in these regions.
MARKET PLAYERS
The reports cover key developments in the patient lift slings 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 expansion of business and customer base of market players. The market payers from patient lift slings market are anticipated to lucrative growth opportunities in the future with the rising demand for patient lift slings market in the global market. Below mentioned is the list of few companies engaged in the patient lift slings market.
The report also includes the profiles of key patient lift slings market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Invacare Corporation
- Medical Depot, Inc. dba DeVilbiss Healthcare
- Medline Industries, Inc.
- Bestcare, LLC.
- DJO Global
- Arjo
- Prism Medical
- Handicare
- Vancare
- Osprey Sling Company
- 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 Patient Lift Slings Market - By Product
1.3.2 Patient Lift Slings Market - By Usage
1.3.3 Patient Lift Slings Market - By Sling Shape
1.3.4 Patient Lift Slings Market - By Material
1.3.5 Patient Lift Slings Market - By End User
1.3.6 Patient Lift Slings Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PATIENT LIFT SLINGS 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. PATIENT LIFT SLINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PATIENT LIFT SLINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. PATIENT LIFT SLINGS - GLOBAL MARKET OVERVIEW
6.2. PATIENT LIFT SLINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PATIENT LIFT SLINGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BARIATRIC SLINGS
7.3.1. Overview
7.3.2. Bariatric Slings Market Forecast and Analysis
7.4. SEATING SLINGS
7.4.1. Overview
7.4.2. Seating Slings Market Forecast and Analysis
7.5. STAND UP SLINGS
7.5.1. Overview
7.5.2. Stand up Slings Market Forecast and Analysis
7.6. TRANSFER SLINGS
7.6.1. Overview
7.6.2. Transfer Slings Market Forecast and Analysis
7.7. UNIVERSAL SLINGS
7.7.1. Overview
7.7.2. Universal Slings Market Forecast and Analysis
7.8. HAMMOCK SLINGS TOILETING SLINGS
7.8.1. Overview
7.8.2. Hammock Slings Toileting Slings Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. PATIENT LIFT SLINGS MARKET - REVENUE AND FORECASTS TO 2028 - USAGE
8.1. OVERVIEW
8.2. USAGE MARKET FORECASTS AND ANALYSIS
8.3. REUSABLE
8.3.1. Overview
8.3.2. Reusable Market Forecast and Analysis
8.4. DISPOSABLE
8.4.1. Overview
8.4.2. Disposable Market Forecast and Analysis
9. PATIENT LIFT SLINGS MARKET - REVENUE AND FORECASTS TO 2028 - SLING SHAPE
9.1. OVERVIEW
9.2. SLING SHAPE MARKET FORECASTS AND ANALYSIS
9.3. U SHAPE SLINGS
9.3.1. Overview
9.3.2. U Shape Slings Market Forecast and Analysis
9.4. FULL BODY SLINGS
9.4.1. Overview
9.4.2. Full Body Slings Market Forecast and Analysis
10. PATIENT LIFT SLINGS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
10.1. OVERVIEW
10.2. MATERIAL MARKET FORECASTS AND ANALYSIS
10.3. CANVAS
10.3.1. Overview
10.3.2. Canvas Market Forecast and Analysis
10.4. PADDED
10.4.1. Overview
10.4.2. Padded Market Forecast and Analysis
10.5. NYLON
10.5.1. Overview
10.5.2. Nylon Market Forecast and Analysis
10.6. MESH
10.6.1. Overview
10.6.2. Mesh Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. PATIENT LIFT SLINGS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. HOSPITALS
11.3.1. Overview
11.3.2. Hospitals Market Forecast and Analysis
11.4. HOME HEALTHCARE
11.4.1. Overview
11.4.2. Home Healthcare Market Forecast and Analysis
11.5. NURSING HOMES
11.5.1. Overview
11.5.2. Nursing Homes Market Forecast and Analysis
11.6. ELDERLY CARE ASSISTED LIVING FACILITY
11.6.1. Overview
11.6.2. Elderly Care Assisted Living Facility Market Forecast and Analysis
11.7. OTHERS
11.7.1. Overview
11.7.2. Others Market Forecast and Analysis
12. PATIENT LIFT SLINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Patient Lift Slings Market Overview
12.1.2 North America Patient Lift Slings Market Forecasts and Analysis
12.1.3 North America Patient Lift Slings Market Forecasts and Analysis - By Product
12.1.4 North America Patient Lift Slings Market Forecasts and Analysis - By Usage
12.1.5 North America Patient Lift Slings Market Forecasts and Analysis - By Sling Shape
12.1.6 North America Patient Lift Slings Market Forecasts and Analysis - By Material
12.1.7 North America Patient Lift Slings Market Forecasts and Analysis - By End User
12.1.8 North America Patient Lift Slings Market Forecasts and Analysis - By Countries
12.1.8.1 United States Patient Lift Slings Market
12.1.8.1.1 United States Patient Lift Slings Market by Product
12.1.8.1.2 United States Patient Lift Slings Market by Usage
12.1.8.1.3 United States Patient Lift Slings Market by Sling Shape
12.1.8.1.4 United States Patient Lift Slings Market by Material
12.1.8.1.5 United States Patient Lift Slings Market by End User
12.1.8.2 Canada Patient Lift Slings Market
12.1.8.2.1 Canada Patient Lift Slings Market by Product
12.1.8.2.2 Canada Patient Lift Slings Market by Usage
12.1.8.2.3 Canada Patient Lift Slings Market by Sling Shape
12.1.8.2.4 Canada Patient Lift Slings Market by Material
12.1.8.2.5 Canada Patient Lift Slings Market by End User
12.1.8.3 Mexico Patient Lift Slings Market
12.1.8.3.1 Mexico Patient Lift Slings Market by Product
12.1.8.3.2 Mexico Patient Lift Slings Market by Usage
12.1.8.3.3 Mexico Patient Lift Slings Market by Sling Shape
12.1.8.3.4 Mexico Patient Lift Slings Market by Material
12.1.8.3.5 Mexico Patient Lift Slings Market by End User
12.2. EUROPE
12.2.1 Europe Patient Lift Slings Market Overview
12.2.2 Europe Patient Lift Slings Market Forecasts and Analysis
12.2.3 Europe Patient Lift Slings Market Forecasts and Analysis - By Product
12.2.4 Europe Patient Lift Slings Market Forecasts and Analysis - By Usage
12.2.5 Europe Patient Lift Slings Market Forecasts and Analysis - By Sling Shape
12.2.6 Europe Patient Lift Slings Market Forecasts and Analysis - By Material
12.2.7 Europe Patient Lift Slings Market Forecasts and Analysis - By End User
12.2.8 Europe Patient Lift Slings Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Patient Lift Slings Market
12.2.8.1.1 Germany Patient Lift Slings Market by Product
12.2.8.1.2 Germany Patient Lift Slings Market by Usage
12.2.8.1.3 Germany Patient Lift Slings Market by Sling Shape
12.2.8.1.4 Germany Patient Lift Slings Market by Material
12.2.8.1.5 Germany Patient Lift Slings Market by End User
12.2.8.2 France Patient Lift Slings Market
12.2.8.2.1 France Patient Lift Slings Market by Product
12.2.8.2.2 France Patient Lift Slings Market by Usage
12.2.8.2.3 France Patient Lift Slings Market by Sling Shape
12.2.8.2.4 France Patient Lift Slings Market by Material
12.2.8.2.5 France Patient Lift Slings Market by End User
12.2.8.3 Italy Patient Lift Slings Market
12.2.8.3.1 Italy Patient Lift Slings Market by Product
12.2.8.3.2 Italy Patient Lift Slings Market by Usage
12.2.8.3.3 Italy Patient Lift Slings Market by Sling Shape
12.2.8.3.4 Italy Patient Lift Slings Market by Material
12.2.8.3.5 Italy Patient Lift Slings Market by End User
12.2.8.4 Spain Patient Lift Slings Market
12.2.8.4.1 Spain Patient Lift Slings Market by Product
12.2.8.4.2 Spain Patient Lift Slings Market by Usage
12.2.8.4.3 Spain Patient Lift Slings Market by Sling Shape
12.2.8.4.4 Spain Patient Lift Slings Market by Material
12.2.8.4.5 Spain Patient Lift Slings Market by End User
12.2.8.5 United Kingdom Patient Lift Slings Market
12.2.8.5.1 United Kingdom Patient Lift Slings Market by Product
12.2.8.5.2 United Kingdom Patient Lift Slings Market by Usage
12.2.8.5.3 United Kingdom Patient Lift Slings Market by Sling Shape
12.2.8.5.4 United Kingdom Patient Lift Slings Market by Material
12.2.8.5.5 United Kingdom Patient Lift Slings Market by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Patient Lift Slings Market Overview
12.3.2 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis
12.3.3 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By Product
12.3.4 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By Usage
12.3.5 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By Sling Shape
12.3.6 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By Material
12.3.7 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Patient Lift Slings Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Patient Lift Slings Market
12.3.8.1.1 Australia Patient Lift Slings Market by Product
12.3.8.1.2 Australia Patient Lift Slings Market by Usage
12.3.8.1.3 Australia Patient Lift Slings Market by Sling Shape
12.3.8.1.4 Australia Patient Lift Slings Market by Material
12.3.8.1.5 Australia Patient Lift Slings Market by End User
12.3.8.2 China Patient Lift Slings Market
12.3.8.2.1 China Patient Lift Slings Market by Product
12.3.8.2.2 China Patient Lift Slings Market by Usage
12.3.8.2.3 China Patient Lift Slings Market by Sling Shape
12.3.8.2.4 China Patient Lift Slings Market by Material
12.3.8.2.5 China Patient Lift Slings Market by End User
12.3.8.3 India Patient Lift Slings Market
12.3.8.3.1 India Patient Lift Slings Market by Product
12.3.8.3.2 India Patient Lift Slings Market by Usage
12.3.8.3.3 India Patient Lift Slings Market by Sling Shape
12.3.8.3.4 India Patient Lift Slings Market by Material
12.3.8.3.5 India Patient Lift Slings Market by End User
12.3.8.4 Japan Patient Lift Slings Market
12.3.8.4.1 Japan Patient Lift Slings Market by Product
12.3.8.4.2 Japan Patient Lift Slings Market by Usage
12.3.8.4.3 Japan Patient Lift Slings Market by Sling Shape
12.3.8.4.4 Japan Patient Lift Slings Market by Material
12.3.8.4.5 Japan Patient Lift Slings Market by End User
12.3.8.5 South Korea Patient Lift Slings Market
12.3.8.5.1 South Korea Patient Lift Slings Market by Product
12.3.8.5.2 South Korea Patient Lift Slings Market by Usage
12.3.8.5.3 South Korea Patient Lift Slings Market by Sling Shape
12.3.8.5.4 South Korea Patient Lift Slings Market by Material
12.3.8.5.5 South Korea Patient Lift Slings Market by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Patient Lift Slings Market Overview
12.4.2 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis
12.4.3 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By Product
12.4.4 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By Usage
12.4.5 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By Sling Shape
12.4.6 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By Material
12.4.7 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Patient Lift Slings Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Patient Lift Slings Market
12.4.8.1.1 South Africa Patient Lift Slings Market by Product
12.4.8.1.2 South Africa Patient Lift Slings Market by Usage
12.4.8.1.3 South Africa Patient Lift Slings Market by Sling Shape
12.4.8.1.4 South Africa Patient Lift Slings Market by Material
12.4.8.1.5 South Africa Patient Lift Slings Market by End User
12.4.8.2 Saudi Arabia Patient Lift Slings Market
12.4.8.2.1 Saudi Arabia Patient Lift Slings Market by Product
12.4.8.2.2 Saudi Arabia Patient Lift Slings Market by Usage
12.4.8.2.3 Saudi Arabia Patient Lift Slings Market by Sling Shape
12.4.8.2.4 Saudi Arabia Patient Lift Slings Market by Material
12.4.8.2.5 Saudi Arabia Patient Lift Slings Market by End User
12.4.8.3 U.A.E Patient Lift Slings Market
12.4.8.3.1 U.A.E Patient Lift Slings Market by Product
12.4.8.3.2 U.A.E Patient Lift Slings Market by Usage
12.4.8.3.3 U.A.E Patient Lift Slings Market by Sling Shape
12.4.8.3.4 U.A.E Patient Lift Slings Market by Material
12.4.8.3.5 U.A.E Patient Lift Slings Market by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Patient Lift Slings Market Overview
12.5.2 South and Central America Patient Lift Slings Market Forecasts and Analysis
12.5.3 South and Central America Patient Lift Slings Market Forecasts and Analysis - By Product
12.5.4 South and Central America Patient Lift Slings Market Forecasts and Analysis - By Usage
12.5.5 South and Central America Patient Lift Slings Market Forecasts and Analysis - By Sling Shape
12.5.6 South and Central America Patient Lift Slings Market Forecasts and Analysis - By Material
12.5.7 South and Central America Patient Lift Slings Market Forecasts and Analysis - By End User
12.5.8 South and Central America Patient Lift Slings Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Patient Lift Slings Market
12.5.8.1.1 Brazil Patient Lift Slings Market by Product
12.5.8.1.2 Brazil Patient Lift Slings Market by Usage
12.5.8.1.3 Brazil Patient Lift Slings Market by Sling Shape
12.5.8.1.4 Brazil Patient Lift Slings Market by Material
12.5.8.1.5 Brazil Patient Lift Slings Market by End User
12.5.8.2 Argentina Patient Lift Slings Market
12.5.8.2.1 Argentina Patient Lift Slings Market by Product
12.5.8.2.2 Argentina Patient Lift Slings Market by Usage
12.5.8.2.3 Argentina Patient Lift Slings Market by Sling Shape
12.5.8.2.4 Argentina Patient Lift Slings Market by Material
12.5.8.2.5 Argentina Patient Lift Slings Market by End User
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. PATIENT LIFT SLINGS MARKET, KEY COMPANY PROFILES
14.1. INVACARE CORPORATION
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. MEDICAL DEPOT, INC. DBA DEVILBISS HEALTHCARE
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. MEDLINE INDUSTRIES, INC.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. BESTCARE, LLC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. DJO GLOBAL
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ARJO
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. PRISM MEDICAL
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. HANDICARE
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. VANCARE
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. OSPREY SLING COMPANY
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Invacare Corporation2. Medical Depot, Inc. dba DeVilbiss Healthcare3. Medline Industries, Inc.4. Bestcare, LLC.5. DJO Global6. Arjo7. Prism Medical8. Handicare9. Vancare10. Osprey Sling Company
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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