Global Pressure Bandages Market, by Product Type (Long Stretch or Elastic Bandages, Multi-component Multilayer Bandage System, and Short Stretch or Low-elasticity Bandages), by Compression Pressure (Light Compression Bandages, Moderate Compression Bandages, and High Compression Bandages), by Material (Cotton Fabric, Latex Free, Polymer, and Others), by Application (Leg Ulcers, Deep Vein Thrombosis, Surgery, Trauma Injury, and Others), by End User (Hospitals, Ambulatory Surgical Centers, Research & Academic Institutes, and Home Care Settings) and by Geography - Trends and Forecast to 2025

  • Published On : Feb 2018 |
  • Pages : 150 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Pressure Bandages Market – Life Savors Post Serious Injuries

Pressure bandages is an important first-aid technique used in the medical settings after a serious injury to assist healing. The pressure bandages provide compression to the injured blood vessels by facilitating blood clot formation, thereby treating rapid blood loss or hemorrhage. The pressure dressings are highly suited at stabilizing wounds on limbs. The bandages also find application in treating venomous snake bites, to avoid venom progression into the bloodstream. Pressure bandages are ideal emergency tools for severe injuries such as sports injuries and accidents.

The global pressure bandages market was valued at US$ 188.8 million in 2017 and is expected to witness a robust CAGR of 4.8% over the forecast period (2017 - 2025).

Figure 1. Global Pressure Bandages Market (US$ Mn), by Region, 2017

Pressure Bandages Market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS (2017)

Increasing incidence of chronic leg ulcers to augment market growth

The efficient management of venous leg ulcers represent a significant clinical problem, draining the financial resources. Majority of ulcers can be treated by using moderate compression bandages. Moreover, compression bandages are commonly recommended for 2-3 days by the physiotherapists for most acute injuries to reduce pain and swelling. According to the study published by Circulation Foundation, 2015, venous disease is the underlying cause of chronic leg ulcers accounting for over two third or 80% of all leg ulcers. The study also states that the other reason for the formation of leg ulcers include arterial disease contributing to 15% of leg ulcers and diabetes, rheumatoid arthritis accounting approximately 5% leg ulcers. Thus, increasing prevalence of diseases and disorders causing leg ulcers is a major factor to increase the adoption of pressure bandages thus propelling the market growth in the region. North America dominates the pressure bandage market, owing to increasing prevalence of diabetes, presence of major market players, and higher recommendations of the pressure bandages by the doctors post injuries. According to the American Diabetes Association, 2015, around 30.3 million Americans or 9.4% of the population was diagnosed with diabetes. According to the Cleveland Clinic Foundation, an estimated 15% of diabetic population is expected to develop foot ulceration during their lifetime, where lower extremity amputations in the U.S. are preceded by a foot ulcer. Thus, the rise in diabetes inadvertently increases the risk of formation of leg ulcers, which is expected to bolster the demand of pressure bandages market. Also, wide availability of products for treating venous leg ulcers contributes to market growth of pressure bandages. For instance, Setopress, high compression bandage by Medline Industries, Inc. provides graduated high compression in the management of venous leg ulcers. Moreover, Profore and Proguide, multi-layer compression bandaging systems developed by Smith and Nephew apply sustained graduated compression for the management of venous leg ulcers and associated conditions.

Higher convenience offered by the pressure bandages to accelerate the market growth    

The elastic long stretch bandages are highly extensible device. They are easy to apply and can accommodate changes in leg geometry, expansion, and contraction allowing easier movement. The bandages can sustain pressure for extended time periods and can be extended up to 140-200% as compared to short-stretch or low elastic bandages. The products available in the global market offer variety of bandaging systems designed to allow optimal management of diseases such as edema, ulcers. For instance, JOBST, a compression bandage by BSN Medical reduces swelling and stabilize the size of the limb before being measured and fit for the JOBST compression garment. Also, SurePress high compression elastic bandage by ConvaTec Inc., a reusable bandage has yellow indicator line and two rectangular extension indicators for easy application and is appropriate for a variety of leg sizes provides sustained compression.       The bandage is indicated for venous leg cancers and can be used in combination with SurePress Absorbent Padding. Some of the major players operating in the global pressure bandages market include Medtronic Plc, Smith & Nephew, 3M, ConvaTec, Inc., Cardinal Health, Inc., Johnson & Johnson, Nitto Denko Corporation, Persys Medical, Tytek Medical, and BSN Medical.

The pressure bandages are used to deliberately apply pressure to produce a desired clinical effect after trauma. Pressure bandages, also known as compression bandages, pressure dressing, are used to control edema, lymphedema and reduce swelling in the treatment of venous disorders of the leg. They also can be easily adjusted to fit changing limb size and compression needs. The pressure bandage are highly recommended in the medical settings, owing to the wide availability of options such as the difference in compression pressure allowing efficient treatment for severe to acute injuries.

Market Dynamics

The major factors driving growth of the pressure bandages market include rising geriatric population, rising surgical cases, and increasing incidence of chronic wounds. According to the Cleveland Clinic Foundation, 2017, the prevalence of leg ulceration is approximately one to two percent higher in the older adult population with a peak prevalence is between 60-80 years. Moreover, the rising adoption of pressure bandages in ambulatory surgical centers and home care settings due to easy usage contributes to the accelerated demand for pressure bandages over the forecast period. However, the limited reusability option of the bandages and the adoption of advanced and alternative wound care products such as medical adhesives and tapes are the factors restraining pressure bandage market growth.

Key features of the study:

  • This report provides in-depth analysis of pressure bandages market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix 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 strategy adopted by the leading players
  • It profiles leading players in the global pressure bandages market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, and strategies, and future plans
  • Key companies covered as a part of this study include Medtronic Plc., 3M, Smith & Nephew, ConvaTec, Inc., Cardinal Health, Inc., Johnson & Johnson, BSN Medical, Persys Medical, Tytek Medical, and Nitto Denko Corporation
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global pressure bandages 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 the various strategy matrices used in analyzing the pressure bandages market

Detailed Segmentation:

  • Global Pressure Bandages Market, By Product Type:
    • Long Stretch or Elastic Bandages
    • Multi-component Multilayer Bandage Systems
    • Short Stretch or Low-elasticity Bandages
  • Global Pressure Bandages Market, By Compression Pressure:
    • Light Compression Bandages
    • Moderate Compression Bandages
    • High Compression Bandages
  • Global Pressure Bandages Market, By Material:
    • Cotton Fabric
    • Latex Free
    • Polymer
    • Other (Elastic Fiber)
  • Global Pressure Bandages Market, By Application:
    • Leg Ulcer
    • Deep Vein Thrombosis
    • Surgery
    • Trauma Injury
    • Others (Edema, Swellings, Sprains, Lymphedema)
  • Global Pressure Bandages Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Research & Academic institutes
    • Home Care Settings
  • Global Pressure Bandages Market, By Geography:
    • North America
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Long Stretch or Elastic Bandages
        • Multi-component Multilayer Bandage Systems
        • Short Stretch or Low-Elasticity Bandages
      • By Compression Pressure:
        • Light Compression Bandages
        • Moderate Compression Bandages
        • High Compression Bandages
      • By Material:
        • Cotton Fabric
        • Latex Free
        • Polymer
        • Other (Elastic Fiber)
      • By Application:
        • Leg Ulcer
        • Deep Vein Thrombosis
        • Surgery
        • Trauma Injury
        • Others (Edema, Swellings, Sprains, Lymphedema)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Research and Academic Institutes
        • Homecare Settings
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Smith & Nephew*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • 3M
    • Medtronic, Plc.
    • ConvaTec, Inc.
    • Cardinal health, Inc.
    • Johnson & Johnson
    • Nitto Denko Corporation
    • Persys Medical
    • Tytek Medical
    • BSN Medical

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

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Compression Type
      • Market Snippet, By Material
      • Market Snippet, By Application
      • 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
      • Market Trends
    • Epidemiology
    • Key Highlights
    • Regulatory Scenario
    • Initiatives for Wound Management
    • Alternative Wound Management Products
  4. Global Pressure Bandages Market, By Product Type, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2025
      • Segment Trends
    • Long Stretch or Elastic Bandages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Multi-component Multilayer Bandage System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Short Stretch or Low-elasticity Bandages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
  5. Global Pressure Bandages Market, By Compression Pressure, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2025
      • Segment Trends
    • Light Compression Bandages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Moderate Compression Bandages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • High Compression Bandages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
  6. Global Pressure Bandages Market, By Material, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2025
      • Segment Trends
    • Cotton Fabric
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Latex Free
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Polymer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Other (Elastic Fiber)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
  7. Global Pressure Bandages Market, By Application, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2025
      • Segment Trends
    • Leg Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Deep Vein Thrombosis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Trauma Injury
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Others (Edema, Swellings, Sprains, Lymphedema)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
  8. Global Pressure Bandages Market, By End User, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 – 2025
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Research and Academic Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2025, (US$ Million)
  9. Global Pressure Bandages Market, By Region, 2017 – 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017 – 2025
    • North America
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Compression Pressure, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Material, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Application, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By End User, 2017 – 2025, (US$ Million)
      • Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Smith & Nephew*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • 3M
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ConvaTech, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cardinal Health, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nitto Denko Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tytek Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Persys Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BSN Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 45 market data tables and 35 figures on "Pressure Bandages Market - Global forecast to 2025”.

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.


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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.

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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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