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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Cytology can be defined as the microscopic study of cell sample, which can be collected from any part of the body such as lungs, vagina, kidney, and others to assess the presence of irregular growth or lumps on the body surface. Cytology can also be used to assess abnormal body fluids that may accumulate in areas such as chest and abdomen region. The most common technique used to collect cytology cell sample is fine needle biopsy, which is also called fine needle aspiration wherein, a sterile needle attached to an empty syringe is inserted into the target tissue such as skin lump, joint, and others to aspirate either cells or body fluid. Other sample collection techniques such as skin scrapping, cotton tipped swab, smear, and others may also be used for cytological studies. Cytology can be used as a preliminary diagnostic tool for detection of cancer. Histology can be defined as the microscopic study of structural and chemical properties of body tissues. Histology is used extensively in the field of biomedical research and clinical diagnostics to diagnose diseases such as cancer, infectious diseases, and inflammatory diseases and to develop novel therapeutics for these diseases.

The global histology and cytology market is estimated to be valued at US$ 16,253.0 million in 2021 and is expected to exhibit a CAGR of 13.35% over the forecast period (2021-2028).

Figure 1. Global Histology and Cytology Market Share (%), By Region, 2021

Histology and Cytology  | Coherent Market Insights

The increasing prevalence of cancer and infectious diseases such as tuberculosis, smallpox, Human papilloma virus (HPV) infection, and others is expected to drive growth of the global histology and cytology market over the forecast period.

For instance, according to the statistics provided by the World Health Organization (WHO), in 2018, around 570,000 women suffered from cervical cancer, while around 311,000 women died from cervical cancer, globally.

Furthermore, according to the American Cancer Society's (ACS) publications, Cancer Facts & Figures 2021, it is estimated that around 14,480 women would be diagnosed with invasive cervical cancer in the U.S. in 2021 while the number of deaths caused due to cervical cancer is estimated to be 4,290 for the year 2021.

Moreover, according to the statistics provided by the National Institute of Cancer (NIC), U.S., in 2018, the incidence rate of cervical cancer was found to be 7.5 per 100,000 women per year, and around 293,394 women suffered from cervical cancer in the U.S in 2018.

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Histology and Cytology Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 16,253.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 13.35% 2028 Value Projection: US$ 39,073.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Instruments and Analysis Software System, Consumable and Reagents
  • By Examination Type: Histology, Cytology (Breast Cancer, Cervical Cancer, Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases))
  • By Test Type: Microscopy Tests (CytogenicTests, Polymerase Chain Reaction), Molecular Genetics Tests, Flow Cytomtery
  • By End User: Hospitals and Clinics, Academic and Research Institutes, Others
Companies covered:

Abbott, Hologic Inc., Becton, Dickinson and Company, Southwest Precision Instruments, LLC,  F. Hoffmann-La Roche Ltd, Sysmex Corporation, Thermo Fisher Scientific Inc., Danaher, Life Technologies Corporation, Merck KGaA,  Koninklijke Philips N.V., Perkin Elmer, and Trivitron Healthcare

Growth Drivers:
  • Increasing prevalence of cancer
  • Automation in histology and cytology
  • Increasing products approval and launches
Restraints & Challenges:
  • Strict government regulations 
  • Complicated procedures involved in cytology and histology

Figure 2. Global Histology and Cytology Market Value (US$ Mn), By Examination Type, 2021

Histology and Cytology  | Coherent Market Insights

The growing adoption of automation technology in histology and cytology is expected to drive the market growth over the forecast period.

For instance, in September 2018, Koninklijke Philips N.V., a Netherland-based health technology provider launched a new version of its computational pathology software, Tissue Mark. The older version of Tissue Mark was limited to use in lung histology, lung cytology, colon, and breast tissue sample study, while the new version can also be used in automated detection of ovarian and prostate tumor within 60 seconds.

The increasing number of product launches and approvals is expected to drive the market growth over the forecast period.

For instance, in January 2021, Biocare Medical LLC, a U.S.-based medical diagnostic solution provider launched ONCORE Pro, a fully automated slide staining platform used for applications in in-situ hybridization (ISH) and immunohistochemistry (IHC), two diagnostic techniques used in histology.

Global Histology and Cytology Market – Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 193,657,725 cases and 4,154,660 deaths due to coronavirus disease (COVID-19) were reported till July 25, 2021, across the globe.

The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. However, COVID-19 pandemic is expected to have a positive impact on histology and cytology market in this COVID-19 pandemic, owing to partnerships between market players to develop novel methods for histological studies in COVID-19 infection, in order to understand the nature of the disease and assess its severity.

For instance, in September 2020, HistoWiz, Inc., a U.S.-based biotechnology company entered into a partnership with GeneTex, Inc., a U.S.-based biotechnology company to establish a number of validated antibodies for application in immunohistochemistry using human COVID-19 infected tissue sample.

Global Histology and Cytology Market Restraint

The stringent government regulations policies and complicated procedures associated with histology and cytology are the factors that are expected to hinder growth of the global histology and cytology market over the forecast period. For instance, according to an article published by the National center for Biotechnology Information (NCBI) in May 2021, histological specimen slide preparation involves a number of steps such as fixation, dehydration, embedding, sectioning, and others which can prove to be a complicated and time consuming task.

Key Players

Major players operating in the global histology and cytology market include Abbott, Hologic Inc., Becton, Dickinson and Company, Southwest Precision Instruments, LLC, F. Hoffmann-La Roche Ltd, Sysmex Corporation, Thermo Fisher Scientific Inc., Danaher, Life Technologies Corporation, Merck KGaA,  Koninklijke Philips N.V., Perkin Elmer, and Trivitron Healthcare.

Cytology refers to the microscopic examination of both plant and animal cell samples with regards to their structure, chemical composition, and function. The examination of cells can be carried out through various methods such as scraping the tissue surface, collection of bodily fluids, fine needle aspiration, and others. Histology refers to the microscopic study of the structure, chemical composition and function of animal and plant tissues. Histology requires a complicated slide preparation process, which usually include five steps i.e. fixation, processing, embedding, sectioning, and staining. Staining helps in highlighting and enhancing the contrast of biological structures such as muscle fibers, a particular cell organelle or a blood cell type to be studied inside the bulk tissues. Many modernized staining techniques have been adopted in the field of histology and cytology to effectively study complex biological structures inside targeted cell or tissue. Some of these staining techniques include in-situ hybridization (ISH) and immunohistochemical (IHC) staining. Both histology and cytology are essential for diagnosis of diseases such as cervical cancer, oral cancer, smallpox, rabies, and others.

Market Dynamics

The increasing incidence of cancer, rising research and development activities for the development of novel diagnostics for cancer, growing adoption of automation in histology and cytology are expected to drive growth of the global histology and cytology market. Moreover, increasing adoption of inorganic growth strategies such as partnerships, acquisitions, mergers and collaborations by key players operating in the market, are the major factors that are expected to drive growth of the global histology and cytology market over the forecast period.

For instance, according to the statistics provided by the National Institute of Cancer (NIC), U.S., in 2020 the rate of incidence of cancer was estimated to be 442.4 per 100,000 people, while the rate of deaths caused by cancer is estimated to be 158.3 per 100,000 people in the U.S. each year.

Key features of the study:

  • This report provides in-depth analysis of the global histology and cytology market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global histology and cytology market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Abbott, Hologic Inc., Becton, Dickinson and Company, Southwest Precision Instruments, LLC,  F. Hoffmann-La Roche Ltd, Sysmex Corporation, Thermo Fisher Scientific Inc., Danaher, Life Technologies Corporation, Merck KGaA,  Koninklijke Philips N.V., Perkin Elmer, and Trivitron Healthcare.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global histology and cytology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global histology and cytology market

Detailed Segmentation:

  • Global Histology and Cytology Market, By Product Type:
    • Instruments and Analysis Software System
    • Consumable and Reagents
  • Global Histology and Cytology Market, By Examination Type:
    • Histology
    • Cytology
      • Breast Cancer
      • Cervical Cancer
      • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
  • Global Histology and Cytology Market, By Test Type:
    • Microscopy Tests
      • CytogenicTests
      • Polymerase Chain Reaction
    • Molecular Genetics Tests
    • Flow Cytomtery
  • Global Histology and Cytology Market, By End User:
    • Hospitals and Clinics
    • Academic and Research Institutes
    • Others
  • Global Histology and Cytology Market, By Region:
    • North America
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Instruments and Analysis Software System
        • Consumable and Reagents
      • By Examination Type
        • Histology
        • Cytology
          • Breast Cancer
          • Cervical Cancer
          • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
      • By Test Type
        • Microscopy Tests
          • CytogenicTests
          • Polymerase Chain Reaction
        • Molecular Genetics Tests
        • Flow Cytomtery
      • By End User
        • Hospitals and Clinics
        • Academic and Research Institutes
        • Others
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Abbott*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Hologic Inc.
    • Becton, Dickinson and Company
    • Southwest Precision Instruments, LLC
    • F. Hoffmann-La Roche Ltd
    • Sysmex Corporation
    • Thermo Fisher Scientific Inc.
    • Danaher
    • Life Technologies Corporation
    • Merck KGaA,
    • Koninklijke Philips N.V.
    • Perkin Elmer
    • Trivitron Healthcare

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Examination Type
      • Market Snippet, By Test Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Pipeline Analysis
    • PEST Analysis
    • Regulatory Scenario
    • Market Trends
    • Key Highlights
    • Reimbursement Scenario
    • Mergers & Acquisitions
  4. Global Histology and Cytology Market - Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • Government Initiatives
  5. Global Histology and Cytology Market, By Product Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Instruments and Analysis Software System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Consumable and Reagents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  6. Global Histology and Cytology Market, By Examination Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Histology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Cytology
      • Breast Cancer
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Cervical Cancer
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  7. Global Histology and Cytology Market, By Test Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Microscopy Tests
      • CytogenicTests
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Polymerase Chain Reaction
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Molecular Genetics Tests
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Flow Cytomtery
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  8. Global Histology and Cytology Market, By End User, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hospitals and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Academic and Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  9. Global Histology and Cytology Market, By Region, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018–2028
    • North America
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Examination Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Test Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Region/Country, 2017 – 2028, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Abbott
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hologic Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Southwest Precision Instruments, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • F. Hoffmann-La Roche Ltd
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sysmex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Thermo Fisher Scientific Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Danaher
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Life Technologies Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Merck KGaA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Perkin Elmer
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Trivitron Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 40 market data tables and 32 figures on "Histology and Cytology Market” - Global forecast to 2028

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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