Digital Health Market

Digital Health Market Size & Overview – Key Insights & Forecast

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12924
  • Published Date: Jul, 2024
  • Pages: 235
  • Category: Healthcare
  • Format: PDF
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Market Dynamics

Drivers

The increasing demand for mobile health apps: The quickly growing incidence rate of chronic diseases needing long-term care & patient monitoring services is the driving factor of the market growth. Moreover, the increasing awareness of women’s health worldwide, rising digitization, and increasing penetration of technology in daily life are substantially the driving factors of the market growth. In addition, the growing demand for lowering medical expenses and the ever-increasing need for proper and timely information procurement is also helping to propel the market growth. Further, the increasing demand for remote patient monitoring services & growing focus on patient-centric healthcare services is driving the market growth during the forecast period.

Restraints

The strict government regulations across different countries: The market's restraining factor is the lack of security concerns such as cyber-attacks and financial restrictions to maintain digital health-related services. Further, strict data security is necessary for implementing digital health solutions such as e-prescriptions, electronic health records, and medical apps, which are also hampering the market growth. In addition, the lack of awareness of female health and hygiene is inhibiting the market growth. Also, the high cost associated with large equipped systems like EMR/ EHR and revenue cycle management systems is anticipated to hamper the market growth.

Opportunities

The growing penetration of digital health in emerging economies: The increasing disposable income and smartphone penetration is the opportunity factor for market growth. Further, the substantial advances in processing and storage technology have made computing resources more efficient, economical, and accessible, permitting the on-demand delivery of these services to patients through the internet. Moreover, the positive adjustments to data privacy & cyber security protocols and increasing demand for remote patient monitoring services stimulate market growth during the forecast period.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Technology
          4.3.3. Market Attractiveness Analysis By Delivery Mode
          4.3.4. Market Attractiveness Analysis By End-User
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for mobile health apps
          5.2.2. The growing adoption of mHealth services
          5.2.3. The growing demand for digital health solutions.
    5.3. Restraints
          5.3.1. The strict government regulations across different countries
    5.4. Opportunities
          5.4.1. The growing penetration of digital health in emerging economies

6. Global Digital Health Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Hardware
    6.3. Software
    6.4. Services

7. Global Digital Health Market Analysis and Forecast, By Technology
    7.1. Segment Overview
    7.2. Telehealthcare
    7.3. mHealth
    7.4. Digital Health Systems
    7.5. Healthcare Analytics

8. Global Digital Health Market Analysis and Forecast, By Delivery Mode
    8.1. Segment Overview
    8.2. Cloud-Based
    8.3. On-Premise

9. Global Digital Health Market Analysis and Forecast, By End-User
    9.1. Segment Overview
    9.2. Healthcare Payers
    9.3. Healthcare Providers
    9.4. Pharmaceutical Companies

10. Global Digital Health Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Digital Health Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Digital Health Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Apple Inc
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Cerner Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Epic Systems Corporation
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. McKesson Corporation
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Allscripts
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. QSI Management, LLC
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Telefonica S.A.
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Airstrip Technologies
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. HiMS
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Google, Inc
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Vodafone Group
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Qualcomm Technologies, Inc
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. MQure
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. CISCO Systems, Inc
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. Samsung Electronics Co. Ltd
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis
    12.16. Computer Programs and Systems, Inc
          12.16.1. Business Overview
          12.16.2. Company Snapshot
          12.16.3. Company Market Share Analysis
          12.16.4. Company Product Portfolio
          12.16.5. Recent Developments
          12.16.6. SWOT Analysis
    12.17. IBM Corporation
          12.17.1. Business Overview
          12.17.2. Company Snapshot
          12.17.3. Company Market Share Analysis
          12.17.4. Company Product Portfolio
          12.17.5. Recent Developments
          12.17.6. SWOT Analysis
    12.18. Vocera Communications
          12.18.1. Business Overview
          12.18.2. Company Snapshot
          12.18.3. Company Market Share Analysis
          12.18.4. Company Product Portfolio
          12.18.5. Recent Developments
          12.18.6. SWOT Analysis
    12.19. Softserve
          12.19.1. Business Overview
          12.19.2. Company Snapshot
          12.19.3. Company Market Share Analysis
          12.19.4. Company Product Portfolio
          12.19.5. Recent Developments
          12.19.6. SWOT Analysis

List of Table

1. Global Digital Health Market, By Component, 2020-2033 (USD Billion)

2. Global Hardware, Digital Health Market, By Region, 2020-2033 (USD Billion) 

3. Global Software, Digital Health Market, By Region, 2020-2033 (USD Billion) 

4. Global Services, Digital Health Market, By Region, 2020-2033 (USD Billion) 

5. Global Digital Health Market, By Technology, 2020-2033 (USD Billion)

6. Global Telehealthcare, Digital Health Market, By Region, 2020-2033 (USD Billion)

7. Global mHealth, Digital Health Market, By Region, 2020-2033 (USD Billion)

8. Global Digital Health Systems, Digital Health Market, By Region, 2020-2033 (USD Billion)

9. Global Healthcare Analytics, Digital Health Market, By Region, 2020-2033 (USD Billion)

10. Global Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

11. Global Cloud-Based, Digital Health Market, By Region, 2020-2033 (USD Billion)

12. Global On-Premise, Digital Health Market, By Region, 2020-2033 (USD Billion)

13. Global Digital Health Market, By End-User, 2020-2033 (USD Billion)

14. Global Healthcare Payers, Digital Health Market, By Region, 2020-2033 (USD Billion)

15. Global Healthcare Providers, Digital Health Market, By Region, 2020-2033 (USD Billion)

16. Global Pharmaceutical Companies, Digital Health Market, By Region, 2020-2033 (USD Billion)

17. North America Digital Health Market, By Component, 2020-2033 (USD Billion)

18. North America Digital Health Market, By Technology, 2020-2033 (USD Billion)

19. North America Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

20. North America Digital Health Market, By End-User, 2020-2033 (USD Billion)

21. U.S. Digital Health Market, By Component, 2020-2033 (USD Billion)

22. U.S. Digital Health Market, By Technology, 2020-2033 (USD Billion)

23. U.S. Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

24. U.S. Digital Health Market, By End-User, 2020-2033 (USD Billion)

25. Canada Digital Health Market, By Component, 2020-2033 (USD Billion)

26. Canada Digital Health Market, By Technology, 2020-2033 (USD Billion)

27. Canada Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

28. Canada Digital Health Market, By End-User, 2020-2033 (USD Billion)

29. Mexico Digital Health Market, By Component, 2020-2033 (USD Billion)

30. Mexico Digital Health Market, By Technology, 2020-2033 (USD Billion)

31. Mexico Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

32. Mexico Digital Health Market, By End-User, 2020-2033 (USD Billion)

33. Europe Digital Health Market, By Component, 2020-2033 (USD Billion)

34. Europe Digital Health Market, By Technology, 2020-2033 (USD Billion)

35. Europe Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

36. Europe Digital Health Market, By End-User, 2020-2033 (USD Billion)

37. Germany Digital Health Market, By Component, 2020-2033 (USD Billion)

38. Germany Digital Health Market, By Technology, 2020-2033 (USD Billion)

39. Germany Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

40. Germany Digital Health Market, By End-User, 2020-2033 (USD Billion)

41. France Digital Health Market, By Component, 2020-2033 (USD Billion)

42. France Digital Health Market, By Technology, 2020-2033 (USD Billion)

43. France Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

44. France Digital Health Market, By End-User, 2020-2033 (USD Billion)

45. U.K. Digital Health Market, By Component, 2020-2033 (USD Billion)

46. U.K. Digital Health Market, By Technology, 2020-2033 (USD Billion)

47. U.K. Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

48. U.K. Digital Health Market, By End-User, 2020-2033 (USD Billion)

49. Italy Digital Health Market, By Component, 2020-2033 (USD Billion)

50. Italy Digital Health Market, By Technology, 2020-2033 (USD Billion)

51. Italy Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

52. Italy Digital Health Market, By End-User, 2020-2033 (USD Billion)

53. Spain Digital Health Market, By Component, 2020-2033 (USD Billion)

54. Spain Digital Health Market, By Technology, 2020-2033 (USD Billion)

55. Spain Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

56. Spain Digital Health Market, By End-User, 2020-2033 (USD Billion)

57. Asia Pacific Digital Health Market, By Component, 2020-2033 (USD Billion)

58. Asia Pacific Digital Health Market, By Technology, 2020-2033 (USD Billion)

59. Asia Pacific Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

60. Asia Pacific Digital Health Market, By End-User, 2020-2033 (USD Billion)

61. Japan Digital Health Market, By Component, 2020-2033 (USD Billion)

62. Japan Digital Health Market, By Technology, 2020-2033 (USD Billion)

63. Japan Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

64. Japan Digital Health Market, By End-User, 2020-2033 (USD Billion)

65. China Digital Health Market, By Component, 2020-2033 (USD Billion)

66. China Digital Health Market, By Technology, 2020-2033 (USD Billion)

67. China Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

68. China Digital Health Market, By End-User, 2020-2033 (USD Billion)

69. India Digital Health Market, By Component, 2020-2033 (USD Billion)

70. India Digital Health Market, By Technology, 2020-2033 (USD Billion)

71. India Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

72. India Digital Health Market, By End-User, 2020-2033 (USD Billion)

73. South America Digital Health Market, By Component, 2020-2033 (USD Billion)

74. South America Digital Health Market, By Technology, 2020-2033 (USD Billion)

75. South America Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

76. South America Digital Health Market, By End-User, 2020-2033 (USD Billion)

77. Brazil Digital Health Market, By Component, 2020-2033 (USD Billion)

78. Brazil Digital Health Market, By Technology, 2020-2033 (USD Billion)

79. Brazil Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

80. Brazil Digital Health Market, By End-User, 2020-2033 (USD Billion)

81. Middle East and Africa Digital Health Market, By Component, 2020-2033 (USD Billion)

82. Middle East and Africa Digital Health Market, By Technology, 2020-2033 (USD Billion)

83. Middle East and Africa Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

84. Middle East and Africa Digital Health Market, By End-User, 2020-2033 (USD Billion)

85. UAE Digital Health Market, By Component, 2020-2033 (USD Billion)

86. UAE Digital Health Market, By Technology, 2020-2033 (USD Billion)

87. UAE Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

88. UAE Digital Health Market, By End-User, 2020-2033 (USD Billion)

89. South Africa Digital Health Market, By Component, 2020-2033 (USD Billion)

90. South Africa Digital Health Market, By Technology, 2020-2033 (USD Billion)

91. South Africa Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)

92. South Africa Digital Health Market, By End-User, 2020-2033 (USD Billion)

List of Figures 

1. Global Digital Health Market Segmentation

2. Global Digital Health Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Digital Health Market Attractiveness Analysis By Component  

9. Global Digital Health Market Attractiveness Analysis By Technology 

10. Global Digital Health Market Attractiveness Analysis By Delivery Mode

11. Global Digital Health Market Attractiveness Analysis By End-User

12. Global Digital Health Market Attractiveness Analysis By Region

13. Global Digital Health Market: Dynamics

14. Global Digital Health Market Share By Component (2023 & 2033)

15. Global Digital Health Market Share By Technology (2023 & 2033)

16. Global Digital Health Market Share By Delivery Mode (2023 & 2033)

17. Global Digital Health Market Share By End-User (2023 & 2033)

18. Global Digital Health Market Share By Regions (2023 & 2033)

19. Global Digital Health Market Share By Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global digital health based on below mentioned segments:

Global Digital Health Market by Component:

  • Hardware
  • Software
  • Services

Global Digital Health Market by Technology:

  • Telehealthcare
  • mHealth
  • Digital Health Systems
  • Healthcare Analytics

Global Digital Health Market by Delivery Mode:

  • Cloud-Based
  • On-Premise

Global Digital Health Market by End-User:

  • Healthcare Payers
  • Healthcare Providers
  • Pharmaceutical Companies

Global Digital Health by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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