Global Medical Transcription Services Market Size, Status and Forecast 2025

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This report studies the Medical Transcription Services market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Medical Transcription Services market by Application/end industries.

In the last several years, global market of Medical Transcription Services developed rapidly, with an average growth rate of 5.7%. In 2017, global revenue of Medical Transcription Services is about 5 billion USD.

The major players in global market include

Mmodal

Nuance Communications

Transcend Services

Acusis

iMedX Information Services

MTBC

nThrive

Medi-Script Plus

Outsource2india

TransPerfect

VIVA Transcription

Medscribe

Pacific Solutions

Same Day transcriptions

DoctorDocs

World Wide Dictation

Athreon

BVS Transtech

Excel Transcriptions

GMT

LC Transcription Services

Geographically, this report split global into several key Regions, with, Revenue (M USD), market share and growth rate of Medical Transcription Services for these regions, from 2013 to 2025 (forecast)

North America

Europe

Southeast Asia

India

RoA

RoW

On the basis of product, the Medical Transcription Services market is primarily split into

Outsourcing

Offshoring

On the basis on the end users/applications, this report covers

Hospitals

Clinical Laboratories

Academic Medical Centers

Other

Table of Contents

1 Industry Overview 1

1.1 Medical Transcription Services Market Overview 1

1.1.1 Medical Transcription Services Scope 1

1.1.2 Market Status and Outlook 2

1.2 Global Medical Transcription Services Market Size and Analysis by Regions 2

1.2.1 North America Medical Transcription Services Market Status and Outlook 4

1.2.2 Europe Medical Transcription Services Market Status and Outlook 5

1.2.3 Southeast Asia Medical Transcription Services Market Status and Outlook 6

1.2.4 India Medical Transcription Services Market Status and Outlook 7

1.2.5 RoA Medical Transcription Services Market Status and Outlook 8

1.2.6 RoW Medical Transcription Services Market Status and Outlook 9

1.3 Classification of Medical Transcription Services by Product 9

1.3.1 Global Medical Transcription Services Revenue and Growth Comparison by Product (2013-2025) 9

1.3.2 Global Medical Transcription Services RevenueMarket Share by Product in 2017 11

1.3.3 Outsourcing 12

1.3.4 Offshoring 12

1.4 Medical Transcription Services Market by End Users/Application 13

1.4.1 Hospitals 14

1.4.2 Clinical Laboratories 15

1.4.3 Academic Medical Centers 16

2 Global Medical Transcription Services Competition Analysis by Players 17

2.1 Global Medical Transcription Services Market Size by Players (2017-2018) 17

2.2 Competitive Status and Trend 21

2.2.1 Market Concentration Rate 21

2.2.2 Manufacturers Medical Transcription Services Headquarters, Established Date 22

3 Analysis of Medical Transcription Services Industry Key Manufacturers 23

3.1 MModal 23

3.1.1 Company Profile 23

3.1.2 Product Information 24

3.1.3 Revenue and Gross Margin 24

3.2 Nuance Communications 25

3.2.1 Company Profile 25

3.2.2 Product Information 26

3.2.3 Revenue and Gross Margin 27

3.3 Transcend Services 27

3.3.1 Company Profile 27

3.3.2 Product Information 28

3.3.3 Revenue and Gross Margin 28

3.4 Acusis 29

3.4.1 Company Profile 29

3.4.2 Product Information 30

3.4.3 Revenue and Gross Margin 31

3.5 IMedX Information Services 31

3.5.1 Company Profile 31

3.5.2 Product Information 32

3.5.3 Revenue and Gross Margin 32

3.6 MTBC 33

3.6.1 Company Profile 33

3.6.2 Product Information 34

3.6.3 Revenue and Gross Margin 34

3.7 NThrive 35

3.7.1 Company Profile 35

3.7.2 Product Information 35

3.7.3 Revenue and Gross Margin 36

3.8 Medi-Script Plus 36

3.8.1 Company Profile 36

3.8.2 Product Information 37

3.8.3 Revenue and Gross Margin 37

3.9 Outsource2india 38

3.9.1 Company Profile 38

3.9.2 Product Information 39

3.9.3 Revenue and Gross Margin 39

3.10 TransPerfect 39

3.10.1 Company Profile 39

3.10.2 Product Information 40

3.10.3 Revenue and Gross Margin 41

3.11 VIVA Transcription 41

3.11.1 Company Profile 41

3.11.2 Product Information 42

3.11.3 Revenue and Gross Margin 42

3.12 Medscribe 43

3.12.1 Company Profile 43

3.12.2 Product Information 44

3.12.3 Revenue and Gross Margin 44

3.13 Pacific Solutions 44

3.13.1 Company Profile 44

3.13.2 Product Information 45

3.13.3 Revenue and Gross Margin 46

3.14 Same Day transcriptions 46

3.14.1 Company Profile 46

3.14.2 Product Information 47

3.14.3 Revenue and Gross Margin 47

3.15 DoctorDocs 48

3.15.1 Company Profile 48

3.15.2 Product Information 48

3.15.3 Revenue and Gross Margin 49

3.16 World Wide Dictation 49

3.16.1 Company Profile 49

3.16.2 Product Information 50

3.16.3 Revenue and Gross Margin 50

3.17 Athreon 51

3.17.1 Company Profile 51

3.17.2 Product Information 52

3.17.3 Revenue and Gross Margin 52

3.18 BVS Transtech 52

3.18.1 Company Profile 52

3.18.2 Product Information 54

3.18.3 Revenue and Gross Margin 55

3.19 Excel Transcriptions 55

3.19.1 Company Profile 55

3.19.2 Product Information 56

3.19.3 Revenue and Gross Margin 57

3.20 GMT 57

3.20.1 Company Profile 57

3.20.2 Product Information 58

3.20.3 Revenue and Gross Margin 58

3.21 LC Transcription Services 59

3.21.1 Company Profile 59

3.21.2 Product Information 59

3.21.3 Revenue and Gross Margin 60

4 Global Medical Transcription Services Market Size by Product and Application (2013-2018) 61

4.1 Global Medical Transcription Services Market Size by Product (2013-2018) 61

4.2 Global Medical Transcription Services Market Size by Application (2013-2018) 62

4.3 Potential Application of Medical Transcription Services in Future 64

4.4 Top Consumer / End Users of Medical Transcription Services 64

5 North America Medical Transcription Services Development Status and Outlook 67

5.1 North America Medical Transcription Services Market Size (2013-2018) 67

5.2 North America Medical Transcription Services Market Size and Market Share by Players (2017-2018) 67

5.3 North America Medical Transcription Services Market Size by Application (2013-2018) 70

6 Europe Medical Transcription Services Development Status and Outlook 72

6.1 Europe Medical Transcription Services Market Size (2013-2018) 72

6.2 Europe Medical Transcription Services Market Size and Market Share by Players (2017-2018) 72

6.3 Europe Medical Transcription Services Market Size by Application (2013-2018) 73

7 Southeast Asia Medical Transcription Services Development Status and Outlook 76

7.1 Southeast Asia Medical Transcription Services Market Size (2013-2018) 76

7.2 Southeast Asia Medical Transcription Services Market Size and Market Share by Players (2017-2018) 76

7.3 Southeast Asia Medical Transcription Services Market Size by Application (2013-2018) 77

8 India Medical Transcription Services Development Status and Outlook 80

8.1 India Medical Transcription Services Market Size and Forecast (2013-2018) 80

8.2 India Medical Transcription Services Market Size and Market Share by Players (2017-2018) 80

8.3 India Medical Transcription Services Market Size by Application (2013-2018) 81

9 RoA Medical Transcription Services Development Status and Outlook 84

9.1 RoA Medical Transcription Services Market Size and Forecast (2013-2018) 84

9.2 RoA Medical Transcription Services Market Size and Market Share by Players (2017-2018) 85

9.3 RoA Medical Transcription Services Market Size by Application (2013-2018) 86

10 RoW Medical Transcription Services Development Status and Outlook 88

10.1 RoW Medical Transcription Services Market Size and Forecast (2013-2018) 88

10.2 RoW Medical Transcription Services Market Size and Market Share by Players (2017-2018) 88

10.3 RoW Medical Transcription Services Market Size by Application (2013-2018) 89

11 Market Forecast by Regions, Product and Application (2019-2025) 92

11.1 Global Medical Transcription Services Market Size (M USD) by Regions (2019-2025) 92

11.1.1 North America Medical Transcription Services Revenue and Growth Rate (2019-2025) 94

11.1.2 Europe Medical Transcription Services Revenue and Growth Rate (2019-2025) 95

11.1.3 India Medical Transcription Services Revenue and Growth Rate (2019-2025) 96

11.1.4 Southeast Asia Medical Transcription Services Revenue and Growth Rate (2019-2025) 97

11.1.5 RoW Medical Transcription Services Revenue and Growth Rate (2019-2025) 98

11.1.6 RoA Medical Transcription Services Revenue and Growth Rate (2019-2025) 99

11.2 Global Medical Transcription Services Market Size by Application (2019-2025) 99

11.3 Global Medical Transcription Services Market Size by Product (2019-2025) 101

12 Medical Transcription Services Market Dynamics 103

12.1 Medical Transcription Services Market Opportunities 103

12.2 Medical Transcription Services Challenge and Risk 104

12.3 Medical Transcription Services Market Constraints and Threat 109

12.3.1 Threat from Substitute 109

12.3.2 Government Policy 110

12.3.3 Technology Risks 111

12.4 Medical Transcription Services Market Driving Force 112

12.4.1 Growing Demand from Emerging Markets 112

12.4.2 Potential Application 112

13 Market Effect Factors Analysis 114

13.1 Technology Progress/Risk 114

13.2 Consumer Needs Trend/Customer Preference 115

13.3 External Environmental Change 115

14 Research Findings and Conclusion 123

15 Methodology and Data Source 124

15.1 Methodology/Research Approach 124

15.1.1 Research Programs/Design 124

15.1.2 Market Size Estimation 125

15.1.3 Market Breakdown and Data Triangulation 126

15.2 Data Source 127

15.2.1 Secondary Sources 127

15.2.2 Primary Sources 128

15.3 Disclaimer 129

15.4 Author List 130


List of Tables and Figures

Figure Global Medical Transcription Services Market Size (M USD) Status and Outlook (2013-2025) 2

Table Global Market Medical Transcription Services Revenue (M USD) Comparison by Regions 2013-2025 2

Figure Global Medical Transcription Services Market Share by Regions (2013-2018) 3

Figure North America Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 4

Figure Europe Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 5

Figure Southeast Asia Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 6

Figure India Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 7

Figure RoA Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 8

Figure RoW Medical Transcription Services Market Size (M USD) and Growth Rate (2013-2018) 9

Table Global Medical Transcription Services Revenue (M USD) and Growth Rate Comparison by Product (2013-2025) 9

Figure Global Medical Transcription Services Revenue (M USD) Comparison by Product (2013-2025) 10

Figure Global Medical Transcription Services Revenue Market Share by Product in 2017 11

Figure Outsourcing Market Size (M USD) and Growth Rate (2013-2018) 12

Figure Offshoring Market Size (M USD) and Growth Rate (2013-2018) 12

Table Global Medical Transcription Services Market Size (M USD) Comparison by Application (2013-2025) 13

Figure Global Medical Transcription Services Market Share by Application in 2017 13

Figure Medical Transcription Services Market Size (M USD) and Growth Rate in Hospitals (2013-2018) 14

Figure Medical Transcription Services Market Size (M USD) and Growth Rate in Clinical Laboratories (2013-2018) 15

Figure Medical Transcription Services Market Size (M USD) and Growth Rate in Academic Medical Centers (2013-2018) 16

Table Global Medical Transcription Services Revenue (M USD) by Players (2017-2018) 17

Table Global Medical Transcription Services Revenue Market Share by Players (2017-2018) 18

Figure Global Medical Transcription Services Market Size Share by Players in 2017 19

Figure Global Medical Transcription Services Market Size Share by Players in 2018 20

Figure Global Top 3 Players Medical Transcription Services Market Share in 2017 21

Figure Global Top 5 Players Medical Transcription Services Market Share in 2017 21

Table Manufacturers Medical Transcription Services Headquarters and Established Date 22

Table MModal Company Profile 23

Table Medical Transcription Services Revenue (M USD) and Gross Margin of MModal 2017-2018 24

Table Nuance Communications Company Profile 25

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Nuance Communications 2017-2018 27

Table Transcend Services Company Profile 27

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Transcend Services 2017-2018 28

Table Acusis Company Profile 29

Figure Medical Transcription Services Product Picture and Specifications of Acusis 30

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Acusis 2017-2018 31

Table IMedX Information Services Company Profile 31

Table Medical Transcription Services Revenue (M USD) and Gross Margin of IMedX Information Services 2017-2018 32

Table MTBC Company Profile 33

Table Medical Transcription Services Revenue (M USD) and Gross Margin of MTBC 2017-2018 34

Table NThrive Company Profile 35

Table Medical Transcription Services Revenue (M USD) and Gross Margin of NThrive 2017-2018 36

Table Medi-Script Plus Company Profile 36

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Medi-Script Plus 2017-2018 37

Table Outsource2india Company Profile 38

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Outsource2india 2017-2018 39

Table TransPerfect Company Profile 39

Table Medical Transcription Services Revenue (M USD) and Gross Margin of TransPerfect 2017-2018 41

Table VIVA Transcription Company Profile 41

Table Medical Transcription Services Revenue (M USD) and Gross Margin of VIVA Transcription 2017-2018 42

Table Medscribe Company Profile 43

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Medscribe 2017-2018 44

Table Pacific Solutions Company Profile 44

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Pacific Solutions 2017-2018 46

Table Same Day transcriptions Company Profile 46

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Same Day transcriptions 2017-2018 47

Table DoctorDocs Company Profile 48

Table Medical Transcription Services Revenue (M USD) and Gross Margin of DoctorDocs 2017-2018 49

Table World Wide Dictation Company Profile 49

Table Medical Transcription Services Revenue (M USD) and Gross Margin of World Wide Dictation 2017-2018 50

Table Athreon Company Profile 51

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Athreon 2017-2018 52

Table BVS Transtech Company Profile 52

Figure Medical Transcription Services Product Picture and Specifications of BVS Transtech 54

Table Medical Transcription Services Revenue (M USD) and Gross Margin of BVS Transtech 2017-2018 55

Table Excel Transcriptions Company Profile 55

Table Medical Transcription Services Revenue (M USD) and Gross Margin of Excel Transcriptions 2017-2018 57

Table GMT Company Profile 57

Table Medical Transcription Services Revenue (M USD) and Gross Margin of GMT 2017-2018 58

Table LC Transcription Services Company Profile 59

Table Medical Transcription Services Revenue (M USD) and Gross Margin of LC Transcription Services 2017-2018 60

Table Global Medical Transcription Services Market Size (M USD) by Product (2013-2018) 61

Figure Global Medical Transcription Services Revenue Market Share by Product (2013-2018) 61

Figure Global Medical Transcription Services Market Size Share by Product in 2017 62

Table Global Medical Transcription Services Market Size (M USD) by Application (2013-2018) 62

Figure Global Medical Transcription Services Revenue Market Share by Application (2013-2018) 63

Figure Global Medical Transcription Services Market Size Share by Application in 2017 63

Table Top Consumer / End Users of Medical Transcription Services 错误!未定义书签。

Table Top Consumer / End Users of Medical Transcription Services 64

Figure North America Medical Transcription Services Market Size and Growth Rate (2013-2018) 67

Table North America Medical Transcription Services Market Size (M USD) by Players (2017-2018) 67

Figure North America Medical Transcription Services Market Size Share by Players in 2017 69

Figure North America Medical Transcription Services Market Size Share by Players in 2018 70

Table North America Medical Transcription Services Market Size (M USD) by Application (2013-2018) 70

Figure North America Medical Transcription Services Revenue Market Share by Application (2013-2018) 71

Figure North America Medical Transcription Services Market Size Share by Application in 2017 71

Figure Europe Medical Transcription Services Market Size (M USD) and Growth Rate by Regions (2013-2018) 72

Table Europe Medical Transcription Services Market Size (M USD) by Players (2017-2018) 72

Figure Europe Medical Transcription Services Market Size Share by Players in 2017 73

Table Europe Medical Transcription Services Market Size (M USD) by Application (2013-2018) 73

Figure Europe Medical Transcription Services Revenue Market Share by Application (2013-2018) 74

Figure Europe Medical Transcription Services Market Size Share by Application in 2017 75

Figure Southeast Asia Medical Transcription Services Market Size (M USD) and Growth Rate by Regions (2013-2018) 76

Table Southeast Asia Medical Transcription Services Market Size (M USD) by Players (2017-2018) 76

Figure Southeast Asia Medical Transcription Services Market Size Share by Players in 2017 77

Table Southeast Asia Medical Transcription Services Market Size (M USD) by Application (2013-2018) 77

Figure Southeast Asia Medical Transcription Services Revenue Market Share by Application (2013-2018) 78

Figure Southeast Asia Medical Transcription Services Market Size Share by Application in 2017 79

Figure India Medical Transcription Services Market Size (M USD) and Growth Rate by Regions (2013-2018) 80

Table India Medical Transcription Services Market Size (M USD) by Players (2017-2018) 80

Figure India Medical Transcription Services Market Size Share by Players in 2017 81

Table India Medical Transcription Services Market Size by Application (2013-2018) 81

Figure India Medical Transcription Services Revenue Market Share by Application (2013-2018) 82

Figure India Medical Transcription Services Market Size Share by Application in 2017 83

Figure RoA Medical Transcription Services Market Size (M USD) and Growth Rate by Regions (2013-2018) 84

Table RoA Medical Transcription Services Market Size by Players (2017-2018) 85

Figure RoA Medical Transcription Services Market Size Share by Players in 2017 85

Table RoA Medical Transcription Services Market Size (M USD) by Application (2013-2018) 86

Figure RoA Medical Transcription Services Revenue Market Share by Application (2013-2018) 86

Figure RoA Medical Transcription Services Market Size Share by Application in 2017 87

Figure RoW Medical Transcription Services Market Size (M USD) and Growth Rate by Regions (2013-2018) 88

Table RoW Medical Transcription Services Market Size (M USD) by Players (2017-2018) 88

Figure RoW Medical Transcription Services Market Size Share by Players in 2017 89

Table RoW Medical Transcription Services Market Size (M USD) by Application (2013-2018) 89

Figure RoW Medical Transcription Services Revenue Market Share by Application (2013-2018) 90

Figure RoW Medical Transcription Services Market Size Share by Application in 2017 91

Figure Global Medical Transcription Services Market Size (M USD) and Growth Rate (Value) (2019-2025) 92

Table Global Medical Transcription Services Market Size (M USD) by Regions (2019-2025) 92

Figure Global Medical Transcription Services Market Size Share by Regions (2019-2025) 93

Figure Global Medical Transcription Services Market Size Share by Regions in 2025 93

Figure North America Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 94

Figure Europe Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 95

Figure India Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 96

Figure Southeast Asia Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 97

Figure RoW Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 98

Figure RoA Medical Transcription Services Revenue (M USD) and Growth Rate (2019-2025) 99

Table Global Medical Transcription Services Market Size by Application (2019-2025) 99

Figure Global Medical Transcription Services Market Size by Application (2019-2025) 100

Figure Global Medical Transcription Services Market Size by Application in 2025 100

Table Global Medical Transcription Services Market Size (M USD) by Product (2019-2025) 101

Figure Global Medical Transcription Services Market Size by Product (2019-2025) 101

Figure Global Medical Transcription Services Market Size by Product in 2025 102

Figure GDP for Major Regions in 2016 104

Figure G20 GDP Long-Term Forecast Total, Million US dollars, 2060 105

Figure G20 Gross Domestic Product (GDP)Total, US Dollars/Capita, 2016 105

Figure Saving Rate Total, % of GDP, 2015 106

Figure Forecast of Global Middle-Class Population, 2015 to 2030 106

Figure Fertility Rates per Woman, 1970 to 2015 107

Figure Average Years of Schooling of the Adult Population 107

Figure Household Disposable Income Gross adjusted, US dollars/capita, 2016 108

Figure Household Spending Total, Million US dollars, 2015 108

Figure Net National Income Total, US dollars/capita, 2017 109

Table Government Policy by Countries 110

Table Medical Transcription Services Market Driving Force 112

Figure US GDP 2006-2016 (Billion USD) 116

Figure US CPI Change 2016-2017 116

Figure EU GDP 2006-2016 (Billion USD) 117

Figure EU CPI Change 2012-2016 117

Figure Germany GDP 2006-2016 (Billion USD) 118

Figure Germany CPI Change 2016-2017 118

Figure UK GDP 2006-2016 (Billion USD) 118

Figure UK CPI Change 2016-2017 119

Figure Italy GDP 2006-2016 (Billion USD) 119

Figure Italy CPI Change 2016-2017 120

Figure Japan GDP 2006-2016 (Billion USD) 120

Figure Japan CPI Change 2012-2016 121

Figure China GDP 2006-2016 (Billion USD) 121

Figure China CPI Change 2016-2017 122

Table Research Programs/Design for This Report 124

Figure Bottom-up and Top-down Approaches for This Report 126

Figure Data Triangulation 127

Table Key Data Information from Secondary Sources 128

Table Key Data Information from Primary Sources 129

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & 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, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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