Spinal Fusion Devices Market, by Device Type (Spinal Plating Systems, Interbody Cages, and Pedicle Screw Systems), by Procedure Type (Cervical Spine, Thoracic spine, and Lumbar Spine), by End User (Hospitals, Ambulatory Surgical Center, Orthopedic Center, and Others), and by Region - Global Forecast to 2025

  • Published On : Mar 2018 |
  • Pages : 200 Pages |
  • Format :  

Spinal Fusion Devices Market - Insights

Spinal fusion devices are used to provide stability to spinal structure, which has lost stability due to a fracture, degenerative disorders of the spine, trauma, tumors, and deformity. Spinal cord injuries majorly happen due to various reasons such as a blocked blood supply, infections, injuries, and compression by a fractured bone or a tumor. Spinal fusion devices technology and mechanism of functioning has evolved over the years. Advanced plating systems offer improved stability and structural integrity. Spinal fusion devices have innovative locking mechanisms and screw systems, which can have self-drilling and self-tapping functions, made from modern manufacturing material such as titanium alloy, and single as well as double holes per vertebrae  through which the screw fixation is done.

Rapid product launch and frequent approval of novel spinal fusion devices are expected to drive growth of the global spinal fusion market

In 2015, Aesculap Implant Systems, a division of B. BRAUN MELSUNGEN AG, launched Modulift Vertebral Body Replacement System (VBR). It is the latest generation of expandable cage technology. In 2017, Stryker’s Spine division launched Serrato pedicle screw, a unique dual-lead screw intended for use in the non-cervical spine. In 2016, Stryker launched Aero-C Cervical Stability System at the meeting of the American Academy of Orthopedic Surgeons in Orlando. Entry of these novel products in market is expected to support the growth of global spinal fusion devices market in near future. Furthermore, frequent approvals of innovative products is also expected to drive market growth. For instance in 2018, Orthofix International N.V., received U S Food and Drug Administration 510(k) clearance of FORZA XP Expandable Spacer System. FORZA XP is designed to restore normal disc height in patients suffering from degenerative disc disease. In 2016, Orthofix International N.V. received US Food and Drug Administration 510(k) clearance for FORZA PTC (Peek Titanium Composite) Spacer System, and Wenzel Spine, Inc., received clearance from the U.S. Food and Drug Administration (FDA) to market VariLift-LX, an interbody fusion device for stand-alone use in the lumbar spine.

The global spinal fusion devices market was valued at US$ 7,462.4 million in 2016 and is expected to witness a CAGR of 4.6% over the forecast period (2017 – 2025).

Figure 1. Global Spinal Fusion Devices Market Share (%), By Region, 2017 – 2025

spinal fusion devices market

Source: Coherent Market Insights Analysis (2017)

Increasing prevalence of spinal deformities is expected to drive growth of the global spinal fusion device market

Factors responsible for spinal deformities include weight, diet, smoking, and other lifestyle factors. Early onset of degenerative spinal changes is attributed to the toxins in cigarette smoke damaging the cartilage of spine. According to World Health Organization (WHO), more than 1.1 billion people smoked tobacco in 2015 worldwide. According to a study published in SpineUniverse in 2017, disc herniation is the most common indication for spinal surgery, and around 75% of all spinal surgeries were performed for herniated disc. Increasing prevalence of spinal deformities due to unhealthy lifestyle and high chances of disc herniation are expected to drive growth of the spinal fusion devices market in near future.

Furthermore, key players in the spinal fusion devices market are focusing of strategic mergers and acquisitions to expand their product portfolio and to strengthen their position in new geographies. For instance in 2016, Zimmer acquired LDR Holding Corporation to enhance innovation and growth of their spine segment. In 2016, Globus Medical, Inc. acquired the international operations and distribution channels of Alphatec Holdings, Inc. This acquisition has expanded company's product portfolio and provided an immediate access to Japan and increased presence and penetration in other geographical areas, though the Alphatec's extensive international distributer to increase its international sales.

Key players operating in global spinal fusion devices market include Zimmer Biomet Holdings, Inc., Inc., Stryker Corporation, Inc., Exactech, Inc., Orthofix International N.V., Globus Medical, Inc., NuVasive, Inc., Medtronic Plc., Depuy Synthes, B. Braun Melsungen AG, Wenzel Spine, Inc., K2M Group Holdings, Inc., Centinel Spine, Inc., and Spineart Geneva SA.

Spinal fusion devices are used in spinal surgeries for patients suffering from various spinal diseases such as degenerative disc disease (DDD) and herniated disc. Spinal fusion devices are implanted into the spinal cord of the patient. The U.S. Food & Drug Administration (FDA) has placed spinal fusion devices under Class II of medical devices category. Moderate to severe spine problems need to be treated with surgical approach such as spinal fusion wherein the spinal vertebrae are either removed and fixated with implants or fused with the help of various fusion methods. Quality of life can be improved by spinal fusion surgeries. Rising prevalence of spinal cord diseases is expected to increase adoption of these surgeries.

Market Dynamics

Frequent approval from regulatory bodies to latest spinal fusion devices is expected to be the major driver for growth of global spinal fusion devices market over the forecast period. In 2016, Spineart Geneva SA received US Food and Drug Administration (FDA) clearance for its first range of titanium interbody, named - JULIET Ti PO, OL and TL interbody systems. The JULIETTi PO, OL and TL interbody systems are the range of titanium interbody implants. It include a full range of sizes to for diverse anatomies. The smooth bullet-shaped nose, lateral sides and chamfers of the implant are polished to preserve endplates, nerve roots, and soft tissues during insertion. The Ti-LIFE Technology micro-porous scaffold mimics the bone trabecular structure, which enables cell colonization and promotes bone ingrowth. In 2016, Centinel Spine, Inc. received U.S. FDA approval for STALIF L Minimally-Invasive Lateral Integrated Interbody System. It has advantages in minimally-invasive spinal fusion surgery. Furthermore, increasing prevalence of spinal disorder is also expected to increase demand for spinal fusions devices and hence is expected to drive spinal fusion devices market growth in near future. For instance, according to a study published by World Health Organization (WHO) in 2013, globally around 250,000 and 500,000 people suffer from a spinal cord injury (SCI). According to research published by the American Academy of Pain Medicine (AAPM) in 2016, women are 1.38 times more likely to suffer cervical degenerative disc disease (DDD) than men.

Key features of the study:

  • This report provides in-depth analysis of spinal fusion devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunity 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, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global spinal fusion devices market  based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
  • Key companies covered as a part of this study include Zimmer Biomet Holdings, Inc., Stryker Corporation, Inc., Exactech, Inc., Orthofix International N.V., Globus Medical, Inc., NuVasive, Inc., Medtronic Plc., Depuy Synthes, B. Braun Melsungen AG, Wenzel Spine, Inc., K2M Group Holdings, Inc., Centinel Spine, Inc., and Spineart Geneva SA.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global spinal fusion devices 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 spinal fusion devices market

Detailed Segmentation:

  • Global Spinal Fusion Devices Market, By Device Type:
    • Spinal Plating Systems
    • Interbody Cages
    • Pedicle Screw Systems
  • Global Spinal Fusion Devices Market, By Procedure Type:
    • Cervical Spine
      • Anterior cervical discectomy and fusion
      • Anterior cervical corpectomy and fusion
      • Posterior cervical decompression and fusion
    •  Thoracic spine
      • Anterior decompression and fusion
      • Posterior instrumentation and fusion
    • Lumbar Spine
      • Posterolateral Fusion (PLF)
      • Interbody Fusion
        • Anterior lumbar interbody fusion (ALIF)
        • Posterior lumbar interbody fusion (PLIF)
        • Transforaminal lumbar interbody fusion (TLIF)
        • Transpsoas interbody fusion (DLIF or XLIF)
  • Global Spinal Fusion Devices Market, By End User:
    • Hospital
    • Ambulatory Surgical Center
    • Orthopedic Center
  • Global Spinal Fusion Devices Market, By Geography:
    • North America
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Device Type:
        • Spinal Plating Systems
        • Interbody Cages
        • Pedicle Screw Systems
      • By Procedure Type
        • Cervical Spine
          • Anterior cervical discectomy and fusion
          • Anterior cervical corpectomy and fusion
          • Posterior cervical decompression and fusion
        • Thoracic spine
          • Anterior decompression and fusion
          • Posterior instrumentation and fusion
        • Lumbar Spine
          • Posterolateral Fusion (PLF)
          • Interbody Fusion
            • Anterior lumbar interbody fusion (ALIF)
            • Posterior lumbar interbody fusion (PLIF)
            • Transforaminal lumbar interbody fusion (TLIF)
            • Transpsoas interbody fusion (DLIF or XLIF)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Center
        • Orthopedic Center
      • By Country:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Zimmer Biomet Holdings Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Stryker Corporation, Inc.
    • Exactech, Inc.
    • Orthofix International N.V.
    • Globus Medical, Inc.
    • NuVasive, Inc.
    • Medtronic Plc.
    • Depuy Synthes
    • Braun Melsungen AG
    • Wenzel Spine, Inc.
    • K2M Group Holdings, Inc.
    • Centinel Spine, Inc.
    • Spineart Geneva SA.

 “*” 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 Device Type
      • Market Snippet, By Procedure
      • 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 Trends
    • Unmet Needs
    • Regulatory Scenario
    • Recent Product Approvals/Launch
    • Technological Advancement
    • PEST Analysis
    • Porter’s Five Forces Analysis
  4. Global Spinal Fusion Devices  Market, By Device Type, 2017 – 2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 – 2025
      • Segment Trends
    • Spinal Plating Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
    • Interbody Cages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
    • Pedicle Screw Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
  5. Global Spinal Fusion Devices  Market, By Procedure Type, 2017–2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 – 2025
      • Segment Trends
    • Cervical Spine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
      • Segment Trends
        • Anterior cervical discectomy and fusion
        • Anterior cervical corpectomy and fusion
        • Posterior cervical decompression and fusion
    • Thoracic spine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
      • Segment Trends
        • Anterior decompression and fusion
        • Posterior instrumentation and fusion
    • Lumbar Spine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
      • Segment Trends
        • Posterolateral Fusion (PLF)
        • Interbody Fusion
          • Anterior lumbar interbody fusion (ALIF)
          • Posterior lumbar interbody fusion (PLIF)
          • Transforaminal lumbar interbody fusion (TLIF)
          • Transpsoas interbody fusion (DLIF or XLIF)
  6. Global Spinal Fusion Devices  Market, By End User, 2017 – 2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 – 2025
      • Segment Trends
    • Hospital
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
    • Ambulatory Surgical Center
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
    • Orthopedic Center
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Mn)
  7. Global Spinal Fusion Devices  Market, By Region, 2017 – 2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016 – 2025
    • North America
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of APAC
    • Latin America
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • Central Africa
        • South Africa
        • North Africa
    • Middle East
      • Market Size and Forecast, By Device Type, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Procedure, 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By End User , 2015 – 2025 (US$ Mn)
      • Market Size and Forecast, By Country, 2015 – 2025 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Zimmer Biomet Holdings Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Stryker Corporation, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Exactech, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Orthofix International N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Globus Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • NuVasive, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Depuy Synthes
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Wenzel Spine, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • K2M Group Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Centinel Spine, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Spineart Geneva SA.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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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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