Programmable Infusion Pumps and Catheters Market, by Product Type (Volumetric Pumps, Syringe Pumps, Enteral Pumps, Insulin Pumps, Implantable Pumps, Patient Controlled Analgesia Pumps, and Pump Accessories), by Modality (Portable and Stationary), by Application (Oncology, Pediatrics/Neonatology, Pain, Gastroenterology, Hematology, and Diabetes), by Channel Type (Single Channel and Multi-Channel), by End User (Hospitals, Ambulatory Clinics, Homecare, Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Apr 2019 |
  • Pages : 181 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Programmable Infusion Pumps and Catheters Market - Insights

Programmable infusion pumps and catheters are devices used for delivering fluids to the patient’s body in a controlled manner. The devices include safety features such as user alerts which are activated when there is a risk of adverse drug interaction, or when the pump’s parameters are set outside its specified safety limits. Infusion pumps are used for different purposes such as delivering nutrients or medications like antibiotics, chemotherapeutic drugs, analgesics, hormones such as insulin, and so on. These are generally designed for stationary use, that is along patient’s bedside in an ICU setting, however few such as the ambulatory infusion pumps, are portable. Infusion pumps are designed for specific purposes. For instance, the enteral pump is designed to deliver medication to patient’s digestive tract through tube feeding.

Increasing launch of novel infusion pumps is expected to boost the global programmable infusion pumps and catheters market growth over the forecast period

Frequent approvals of novel infusion pumps and their launches in developed economies are expected to significantly drive the global programmable infusion pumps and catheters market growth over the forecast period. For instance, in April 2018, Smiths Group plc. launched its new product, CADD-Solis wireless infusion pump, for safe delivery of analgesics. These infusion pumps are portable and have wireless software and drug library updation facility without the need to find, plug in and update the pump personally.

In April 2013, Flowonix Medical Inc., a medical device company involved in the manufacture of implantable drug delivery systems, launched the Prometra programmable intrathecal pump in the U.S. The pump is implantable and effective in delivering Infumorp (preservative free morphine) in patients undergoing treatment for chronic pain as it directly delivers the medication in the intrathecal space around the spinal cord. The Prometra pump uses a dual-gated valve drug delivery mechanism for accurate dosing.

The global programmable infusion pumps and catheters market was valued at US$ 8,365.3 million in 2017, and is expected to witness a robust CAGR of 5.8% over the forecast period (2018–2026).

Figure No.1: Global Programmable Infusion Pumps and Catheters Market Share, By Region (%), 2018 - 2026        

                                                                                                                                                                                                

Source: Coherent Market Insights Analysis (2017)

Company strategies such as acquiring funding for research and product launches, are expected to have a positive impact on global programmable infusion pumps and catheters market growth.

Key players are involved in research and development of new products, which is expected to aid in growth of the market. For instance, in March 2017, Ivenix, Inc., a medical technology company involved in development of next generation infusion systems, raised US$ 50 million. Funds were raised via equity financing led by new undisclosed investors and by participation of existing investors, WuXi Healthcare Ventures and F-Prime Capital Partners, which will be used for pursuing the FDA clearance and commercial launch of products.

Novel programmable infusion pumps have been granted approval by regulatory agencies such as the U.S. Food and Drug Administration (FDA), European Commission (EC), Therapeutic Goods Administration (TGA), and others. For instance, in August 2018, Baxter International Inc. received CE approval for its Evo IQ Infusion System, a programmable volumetric infusion pump, and marketing approval from the Therapeutic Goods Administration (TGA) in Australia. The Evo IQ Infusion System consists of a software for dose error reduction and an advanced drug library to promote patient safety. Such product launches are expected to boost the global programmable infusion pumps and catheters market growth during the forecast period.

Figure No.2: Global Programmable Infusion Pumps and Catheters Market Size (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%)

                   

However, high costs of programmable infusion pumps and catheters is a major concern (in regions with underdeveloped reimbursement facilities) in the healthcare system, and is expected to restrain the global programmable infusion pumps and catheters market growth over the forecast period.

Furthermore, efficient technicians are needed for monitoring of infusion parameters available in the programmable device. These factors are expected to restrain the global programmable infusion pumps and catheters market growth over the forecast period.

Some of the major players operating in the global programmable infusion pumps and catheters market include, ICU Medical, Inc., Smiths Group plc., Baxter International Inc., Fresenius Se & Co. KGaA, Johnson & Johnson, Medtronic plc., Becton, Dickinson and Company, Terumo Corporation, B. Braun Melsungen AG, and Moog Inc.

Infusion pumps are classified depending on the mode of their operation. For instance, in a syringe pump, fluid is held in the syringe reservoir and the fluid delivery is controlled by a moveable piston, whereas in an elastomeric pump, a stretchable balloon reservoir contains fluid and its flow rate is controlled by the pressure from elastic walls of the balloon. Such product diversity, driven by the nature of its intended use, is expected to have a positive impact on global programmable infusion pumps and catheters market growth over the forecast period.

Market Dynamics

Advantages offered by programmable infusion pumps over non-programmable infusion pumps is expected to drive the global programmable infusion pumps and catheters market growth during the forecast period. For instance, the use of non-programmable infusion pumps for intravenous infusion is associated with problems such as uncontrolled dosing, possibility of missing dosage of medication, and others. For instance, according to National Center for Biotechnology Information (NCBI), in a study conducted on intravenous medication administration errors (MAEs) in Ethiopia, from March 2015 to April 2015, out of 134 cases the rate of MAE was reported to be 46%, with missed dosage being the most common error. However, high costs of programmable infusion pumps is expected to restrain global programmable infusion pumps market growth up to certain extent.

Key features of the study:

  • This report provides in-depth analysis of global programmable infusion pumps and catheters market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018–2026), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and presents an attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlooks, and competitive strategies adopted by leading players
  • It profiles leading players in the global programmable infusion pumps and catheters market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key companies covered as a part of this study include ICU Medical, Inc., Smiths Group plc., Baxter International Inc., Fresenius Se & Co. KGaA, Johnson & Johnson, Medtronic PLC, Becton, Dickinson and Company, Terumo Corporation, B. Braun Melsungen AG, and Moog Inc.
  • Insights from this report would allow marketers and management authorities of the companies to make informed decision regarding their future product launches, by technology up-gradation, market expansion, and marketing tactics
  • The global programmable infusion pumps and catheters 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 programmable infusion pumps and catheters market

Detailed Segmentation:

  • Global Programmable Infusion Pumps and Catheters Market, By Product Type:
    • Volumetric Pumps
    • Syringe Pumps
    • Enteral Pumps
    • Insulin Pumps
    • Implantable Pumps
    • Patient Controlled Analgesia Pumps
    • Pump Accessories
  • Global Programmable Infusion Pumps and Catheters Market, By Modality:
    • Portable
    • Stationary
  • Global Programmable Infusion Pumps and Catheters Market, By Application:
    • Oncology
    • Pediatrics/Neonatology
    • Pain
    • Gastroenterology
    • Hematology
    • Diabetes
  • Global Programmable Infusion Pumps and Catheters Market, By Channel Type:
    • Single Channel
    • Multi-Channel
  • Global Programmable Infusion Pumps and Catheters Market, By End User:
    • Hospitals
    • Ambulatory Clinics
    • Home-Care Settings
    • Clinics
    • Others
  • Global Programmable Infusion Pumps and Catheters Market, By Geography:
    • North America
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Volumetric Pumps
        • Syringe Pumps
        • Enteral Pumps
        • Insulin Pumps
        • Implantable Pumps
        • Patient Controlled Analgesia Pumps
        • Pump Accessories
      • By Modality:
        • Portable
        • Stationary
      • By Application:
        • Oncology
        • Pediatrics/Neonatology
        • Pain
        • Gastroenterology
        • Hematology
        • Diabetes
      • By Channel Type:
        • Single Channel
        • Multi-Channel
      • By End User:
        • Hospitals
        • Ambulatory Clinics
        • Homecare
        • Clinics
        • Others
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • ICU Medical, Inc. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Smiths Group plc.
    • Baxter International Inc.
    • Fresenius Se & Co. KGaA
    • Johnson & Johnson
    • Medtronic PLC
    • Becton, Dickinson and Company
    • Terumo Corporation
    • B. Braun Melsungen AG
    • Moog Inc.

“*” 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 Modality
      • Market Snippet, By Application
      • Market Snippet, By Channel 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
    • Technological Evolution
    • PEST Analysis
    • Pipeline Analysis
    • Porter’s Analysis
  4. Global Programmable Infusion Pumps and Catheters Market, By Product Type, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018–2026
      • Segment Trends
    • Volumetric Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Syringe Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Enteral Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Insulin Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Implantable Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Patient Controlled Analgesia Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Pump Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
  5. Global Programmable Infusion Pumps and Catheters Market, By Modality, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018–2026
      • Segment Trends
    • Portable
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Stationary
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
  6. Global Programmable Infusion Pumps and Catheters Market, By Application, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018–2026
      • Segment Trends
    • Oncology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Pediatrics/Neonatology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Pain
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Gastroenterology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Hematology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Diabetes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
  7. Global Programmable Infusion Pumps and Catheters Market, By Channel Type, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018–2026
      • Segment Trends
    • Single Channel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Multi-channel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
  8. Global Programmable Infusion Pumps and Catheters Market, By End User, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018–2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Ambulatory Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Homecare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018–2026, (US$ Mn)
  9. Global Programmable Infusion Pumps and Catheters Market, By Regions, 2018–2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018–2026
    • North America
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Modality, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Application, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Channel Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Country, 2018–2026 (US$ Mn)
        • Central Africa
        • South Africa
        • North Africa
  10. Competitive Landscape
    • Company Profiles
      • ICU Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Smiths Group plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Baxter International Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Fresenius Se & Co. KGaA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Moog Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 24 market data tables and 33 figures on "Programmable Infusion Pumps and Catheters Market- Global forecast to 2026”.

Research Methodology

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  • 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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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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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.
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  • 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.
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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
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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
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