:
Pressure-relieving devices such as beds, mattresses, heel troughs, splints and pillows are used as part of the treatment to reduce or relieve the pressure on the ulcer. As an example Pressure ulcers (also called pressure sores, decubitus ulcers, and bed sores) are small areas of skin and underlying tissue damage caused by pressure, shear, or friction. The pressure relief device can vent excess pressure if all other safety devices or operating controls fail. Static air devices, often known as low-tech devices, are extensively used pressure relieving devices.
MARKET SCOPE
The "Pressure Relief Devices Market to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Pressure Relief Devices Market with detailed market segmentation by of Type, Application, Source and End Users. The Pressure Relief Devices 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 Pressure Relief Devices Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- n the basis of Type, the market is segmented into Low-Tech devices and High-Tech devices.
- n the basis of End Users is segmented into Hospitals, Long term care centers, Rehabilitation centers, Home care settings.
MARKET DYNAMICS
Drivers
- The rising prevalence of pressure ulcer worldwide and high economic burden and healthcare cost, especially in regions such as North America and Europe.
- Rising geriatric population, especially in the U.S. and Europe would be an important factor to drive the market for pressure devices.
- In addition, Various technological advancements in the healthcare business in Asia Pacific and Europe are projected to provide chances for market players to flourish.
Restraints
The cost of pressure relief devices is considerably greater than that of rental pressure relief devices in regions such as Latin America, the low cost of rental pressure relief devices is projected to limit the growth of the pressure relief devices market over the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Pressure Relief Devices Marketbased on various segments. It also provides market size and forecast estimates from year 2017 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 Pressure Relief Devices Marketby 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 Pressure Relief Devices Marketfrom 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 affecting the Pressure Relief Devices Market in these regions.
IMPACT OF COVID-19 ON CELL SEPARATION SYSTEMS MARKET:
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the Pressure Relief Devices Market in 2020.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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 Pressure Relief Devices Marketbased on various segments. It also provides market size and forecast estimates from year 2017 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 Pressure Relief Devices Marketby 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 Pressure Relief Devices Marketfrom 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 affecting the Pressure Relief Devices Market in these regions.
IMPACT OF COVID-19 ON CELL SEPARATION SYSTEMS MARKET:
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the Pressure Relief Devices Market in 2020.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Pressure Relief Devices 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 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 Pressure Relief Devices Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Pressure Relief Devices Market in the global market. Below mentioned is the list of few companies engaged in the Cell Separation Systems Market.
The report also includes the profiles of key players in Pressure Relief Devices 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.
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
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 Pressure Relief Devices Market - By Type
1.3.2 Pressure Relief Devices Market - By End Users
1.3.3 Pressure Relief Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PRESSURE RELIEF DEVICES 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. PRESSURE RELIEF DEVICES 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. PRESSURE RELIEF DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. PRESSURE RELIEF DEVICES - GLOBAL MARKET OVERVIEW
6.2. PRESSURE RELIEF DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PRESSURE RELIEF DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LOW-TECH DEVICES
7.3.1. Overview
7.3.2. Low-Tech Devices Market Forecast and Analysis
7.3.3. Foam-Based Mattress Market
7.3.3.1. Overview
7.3.3.2. Foam-Based Mattress Market Forecast and Analysis
7.3.4. Gel-Based Mattress Market
7.3.4.1. Overview
7.3.4.2. Gel-Based Mattress Market Forecast and Analysis
7.3.5. Fiber Filled Mattress Market
7.3.5.1. Overview
7.3.5.2. Fiber Filled Mattress Market Forecast and Analysis
7.3.6. Water/Fluid Filled Mattress Market
7.3.6.1. Overview
7.3.6.2. Water/Fluid Filled Mattress Market Forecast and Analysis
7.3.7. Air Filled Mattress Market
7.3.7.1. Overview
7.3.7.2. Air Filled Mattress Market Forecast and Analysis
7.4. HIGH-TECH DEVICES
7.4.1. Overview
7.4.2. High-Tech Devices Market Forecast and Analysis
7.4.3. Dynamic Air Therapy Beds Market
7.4.3.1. Overview
7.4.3.2. Dynamic Air Therapy Beds Market Forecast and Analysis
7.4.4. Kinetic Beds Market
7.4.4.1. Overview
7.4.4.2. Kinetic Beds Market Forecast and Analysis
8. PRESSURE RELIEF DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. LONG TERM CARE CENTERS
8.4.1. Overview
8.4.2. Long term care centers Market Forecast and Analysis
8.5. REHABILITATION CENTERS
8.5.1. Overview
8.5.2. Rehabilitation Centers Market Forecast and Analysis
8.6. HOME CARE SETTINGS
8.6.1. Overview
8.6.2. Home care settings Market Forecast and Analysis
9. PRESSURE RELIEF DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pressure Relief Devices Market Overview
9.1.2 North America Pressure Relief Devices Market Forecasts and Analysis
9.1.3 North America Pressure Relief Devices Market Forecasts and Analysis - By Type
9.1.4 North America Pressure Relief Devices Market Forecasts and Analysis - By End Users
9.1.5 North America Pressure Relief Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pressure Relief Devices Market
9.1.5.1.1 United States Pressure Relief Devices Market by Type
9.1.5.1.2 United States Pressure Relief Devices Market by End Users
9.1.5.2 Canada Pressure Relief Devices Market
9.1.5.2.1 Canada Pressure Relief Devices Market by Type
9.1.5.2.2 Canada Pressure Relief Devices Market by End Users
9.1.5.3 Mexico Pressure Relief Devices Market
9.1.5.3.1 Mexico Pressure Relief Devices Market by Type
9.1.5.3.2 Mexico Pressure Relief Devices Market by End Users
9.2. EUROPE
9.2.1 Europe Pressure Relief Devices Market Overview
9.2.2 Europe Pressure Relief Devices Market Forecasts and Analysis
9.2.3 Europe Pressure Relief Devices Market Forecasts and Analysis - By Type
9.2.4 Europe Pressure Relief Devices Market Forecasts and Analysis - By End Users
9.2.5 Europe Pressure Relief Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pressure Relief Devices Market
9.2.5.1.1 Germany Pressure Relief Devices Market by Type
9.2.5.1.2 Germany Pressure Relief Devices Market by End Users
9.2.5.2 France Pressure Relief Devices Market
9.2.5.2.1 France Pressure Relief Devices Market by Type
9.2.5.2.2 France Pressure Relief Devices Market by End Users
9.2.5.3 Italy Pressure Relief Devices Market
9.2.5.3.1 Italy Pressure Relief Devices Market by Type
9.2.5.3.2 Italy Pressure Relief Devices Market by End Users
9.2.5.4 Spain Pressure Relief Devices Market
9.2.5.4.1 Spain Pressure Relief Devices Market by Type
9.2.5.4.2 Spain Pressure Relief Devices Market by End Users
9.2.5.5 United Kingdom Pressure Relief Devices Market
9.2.5.5.1 United Kingdom Pressure Relief Devices Market by Type
9.2.5.5.2 United Kingdom Pressure Relief Devices Market by End Users
9.2.5.6 Rest of Europe Pressure Relief Devices Market
9.2.5.6.1 Rest of Europe Pressure Relief Devices Market by Type
9.2.5.6.2 Rest of Europe Pressure Relief Devices Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pressure Relief Devices Market Overview
9.3.2 Asia-Pacific Pressure Relief Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Pressure Relief Devices Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Pressure Relief Devices Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Pressure Relief Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pressure Relief Devices Market
9.3.5.1.1 Australia Pressure Relief Devices Market by Type
9.3.5.1.2 Australia Pressure Relief Devices Market by End Users
9.3.5.2 China Pressure Relief Devices Market
9.3.5.2.1 China Pressure Relief Devices Market by Type
9.3.5.2.2 China Pressure Relief Devices Market by End Users
9.3.5.3 India Pressure Relief Devices Market
9.3.5.3.1 India Pressure Relief Devices Market by Type
9.3.5.3.2 India Pressure Relief Devices Market by End Users
9.3.5.4 Japan Pressure Relief Devices Market
9.3.5.4.1 Japan Pressure Relief Devices Market by Type
9.3.5.4.2 Japan Pressure Relief Devices Market by End Users
9.3.5.5 Rest of Asia-Pacific Pressure Relief Devices Market
9.3.5.5.1 Rest of Asia-Pacific Pressure Relief Devices Market by Type
9.3.5.5.2 Rest of Asia-Pacific Pressure Relief Devices Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pressure Relief Devices Market Overview
9.4.2 Middle East and Africa Pressure Relief Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Pressure Relief Devices Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Pressure Relief Devices Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Pressure Relief Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pressure Relief Devices Market
9.4.5.1.1 South Africa Pressure Relief Devices Market by Type
9.4.5.1.2 South Africa Pressure Relief Devices Market by End Users
9.4.5.2 Saudi Arabia Pressure Relief Devices Market
9.4.5.2.1 Saudi Arabia Pressure Relief Devices Market by Type
9.4.5.2.2 Saudi Arabia Pressure Relief Devices Market by End Users
9.4.5.3 U.A.E Pressure Relief Devices Market
9.4.5.3.1 U.A.E Pressure Relief Devices Market by Type
9.4.5.3.2 U.A.E Pressure Relief Devices Market by End Users
9.4.5.4 Rest of Middle East and Africa Pressure Relief Devices Market
9.4.5.4.1 Rest of Middle East and Africa Pressure Relief Devices Market by Type
9.4.5.4.2 Rest of Middle East and Africa Pressure Relief Devices Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pressure Relief Devices Market Overview
9.5.2 South and Central America Pressure Relief Devices Market Forecasts and Analysis
9.5.3 South and Central America Pressure Relief Devices Market Forecasts and Analysis - By Type
9.5.4 South and Central America Pressure Relief Devices Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Pressure Relief Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pressure Relief Devices Market
9.5.5.1.1 Brazil Pressure Relief Devices Market by Type
9.5.5.1.2 Brazil Pressure Relief Devices Market by End Users
9.5.5.2 Argentina Pressure Relief Devices Market
9.5.5.2.1 Argentina Pressure Relief Devices Market by Type
9.5.5.2.2 Argentina Pressure Relief Devices Market by End Users
9.5.5.3 Rest of South and Central America Pressure Relief Devices Market
9.5.5.3.1 Rest of South and Central America Pressure Relief Devices Market by Type
9.5.5.3.2 Rest of South and Central America Pressure Relief Devices Market by End Users
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PRESSURE RELIEF DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. PRESSURE RELIEF DEVICES MARKET, KEY COMPANY PROFILES
12.1. STRYKER CORPS
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. SMITH AND NEPHEW
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. INVACARE CORPORATION
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. HILL-ROM SERVICES INC
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. PARAMOUNT BED HOLDINGS CO LTD
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. MEDTRONIC PLC
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. TALLEY GROUP LIMITED
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. ARJOHUNTLEIGH,
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. APEX MEDICAL CORP
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. DRIVE DEVILBISS HEALTHCARE LTD
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
1. Stryker Corp
2. Smith & Nephew
3. Invacare Corporation
4. Hill-Rom Services Inc
5. Paramount Bed Holdings Co., Ltd
6. Medtronic PLC
7. Talley Group Limited
8. ArjoHuntleigh
9. Apex Medical Corp
10. Drive DeVilbiss Healthcare Ltd
11. Linet spol.s.r.o.,
12. PROMA REHA, s. r. o.
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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