ICU Beds Market by Type (Electric Bed, Semi-Electric Bed, Manual Beds), Application, and Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417853
  • Category: Medical Devices
  • Pages: 229
$4700

The global ICU beds market is expected to grow from USD 1.52 billion in 2019 to USD 2.88 billion by 2027, growing at a CAGR of 8.24% during the forecast period 2020-2027. The demand for ICU beds has been increased dramatically, with an increasing number of global pandemics such as Covid-19. With the increasing number of critically ill patients across the globe, has upsurge the demand for ICU beds market. Furthermore, rising geriatric population and increase in the number of chronic diseases, further driving the growth of the market.

Market Overview:

ICU beds are the beds that are specifically designed for the patients, who are critically ill and in the critical care units. These beds offer the comfort to the patients in the critical care units. In addition to this, these are helpful for the transfer to and fro emergency/OT/Wards etc. These beds offer a verity of benefits and features over the other hospital beds. The ICU beds contain verity of features such as automatic adjustment of bed, remote facility to operate the bed, and electric and computer units to monitor the patient health.

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018 and, the forecast period considered is from 2020 to 2027. The global ICU beds market is analysed on the basis of value (USD Billion) volume (K Units), consumption (K Units), imports (K Units) and exports (K Units).
  • The study delivers a comprehensive analysis of global ICU beds market by type, application, and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global ICU beds market. This report incorporates the industry analysis which is focused on providing an extensive view of the ICU beds market.
  • The study also includes attractiveness analysis of type, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the ICU beds market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Increasing prevalence of chronic diseases
  • Increasing demand for ICU beds from the hospitals and ICUs

Restrains:

  • High prices of ICU beds as compared to the normal hospital beds
  • Budget constraints of small hospitals

Opportunities:

  • Technological development
  • Increasing investment in the healthcare facilities
  • Increasing trend of home care therapies

Challenges:

  • Stringent government regulations on export-import of medical devices

Global ICU beds Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global ICU beds market has been segmented based on type and application.

  • On the basis of type, the global ICU beds market is classified into an electric bed, semi-electric bed, and manual beds. Electric bed dominated the market and valued at USD 675.25 million in the year 2019. Increasing adoption of electric beds in the multispecialty hospitals is one of the key factors driving the growth of the market. Many manufactures are developing an innovative range of electric beds for the easy adjustment as per the patient needs.
  • Application segment divided into pediatric intensive care unit, neonatal intensive care unit, psychiatric intensive care unit, cardiac intensive care unit, neurological intensive care unit, trauma intensive care unit, post-operative recovery unit, surgical intensive care unit, and mobile intensive care unit. Mobile intensive care unit is projected to grow at the highest CAGR of 9.6% over the forecast period. Mobile intensive care unit is well equipped with all the facilities to comfort the patient in the ambulance. Increase in the usage of mobile intensive care unit across the globe, driving the growth of the market.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global ICU beds market and valued at USD 675.25 million in the year 2019. 

  • Advanced and well-equipped hospitals in the countries such as the U.S. and Canada are one of the primary factors contributing to the growth of the market. In addition to this, increasing investment to improve the hospital infrastructure, further driving the growth of the market. 
  • Asia Pacific region is projected to grow at the highest CAGR of 9.1% over the forecast period. Increasing demand for ICU beds in the countries such as India and China driving the growth of the market. In addition to this, rising focus on intensive care and bed availability, also influencing the growth of the market.  

Global ICU Beds Market Competitive Analysis:

Key players in the global ICU beds market are Invacare Corporation, Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg, Stryker Corporation, Linet Spol. S.R.O., Hill-Rom Holdings, Inc., Malvestio S.P.A., Getinge AB,  Span-America Medical Systems, Inc., and Merivaara Corp. among others. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a significant share in the market.

In May 2019, Lojer Oy announced has completed the acquisition of Merivaara Oy’s hospital bed business operations including hospital and examination beds, stretchers and birthing beds, to use product names related to Merivaara’s hospital bed operations for four years.

In January 2020, Stryker Corporation announced the partnership with the Regional Medical Center, the U.S. based hospital to deploy 181 ICU beds in the hospital as part of the hospital's effort to upgrade its inventory.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2017 to 2027. Fior Markets has segmented the global ICU beds market on the basis of below-mentioned segments:

Global ICU Beds Market by Type:

  • Electric Bed
  • Semi-Electric Bed
  • Manual Beds

Global ICU Beds Market by Modality:

  • Pediatric Intensive Care Unit
  • Neonatal Intensive Care Unit
  • Psychiatric Intensive Care Unit
  • Cardiac Intensive Care Unit
  • Surgical Intensive Care Unit
  • Mobile Intensive Care Unit
  • Neurological Intensive Care Unit
  • Trauma Intensive Care Unit
  • Post-Operative Recovery Unit

Global ICU Beds Market 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

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 Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing prevalence of chronic diseases
          5.2.2. Increasing demand for ICU Beds from the hospitals and ICUs
    5.3. Restrains
          5.3.1. High prices of ICU Beds as compared to the normal hospital beds
          5.3.2. Budget constraints of small hospitals
    5.4. Opportunities
          5.4.1. Technological development
          5.4.2. Increasing investment in the healthcare facilities
          5.4.3. Increasing trend of home care therapies
    5.5. Challenges
          5.5.1. Stringent government regulations on export-import of medical devices
 

6. Global ICU Beds Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Electric Bed
    6.3. Semi-Electric Bed
    6.4. Manual Beds
 

7. Global ICU Beds Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Paediatric Intensive Care Unit
    7.3. Neonatal Intensive Care Unit
    7.4. Psychiatric Intensive Care Unit
    7.5. Cardiac Intensive Care Unit
    7.6. Neurological Intensive Care Unit
    7.7. Trauma Intensive Care Unit
    7.8. Post-Operative Recovery Unit
    7.9. Surgical Intensive Care Unit
    7.10. Mobile Intensive Care Unit
 

8. Global ICU Beds Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
 

9. Global ICU Beds Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global ICU Beds Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Application Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
 

10. Company Profiles
    10.1. Invacare Corporation
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Medline Industries, Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Stryker Corporation
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Hill-Rom Holdings, Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Getinge AB
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Linet Spol. S.R.O.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Stiegelmeyer GmbH & Co. Kg
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Span-America Medical Systems, Inc.
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Malvestio S.P.A.
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Merivaara Corp.
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis


List of Table

1. Global ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

2. Global Electric Bed, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

3. Global Semi-Electric Bed, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

4. Global Manual Bed, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units)

5. Global ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

6. Global Pediatric Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

7. Global Neonatal Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

8. Global Psychiatric Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

9. Global Cardiac Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

10. Global Neurological Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

11. Global Trauma Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

12. Global Post-Operative Recovery Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

13. Global Surgical Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

14. Global Mobile Intensive Care Unit, ICU Beds Market, By Region, 2017-2027 (USD Billion)(K Units) 

15. North America ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units)

16. North America ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

17. U.S. ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

18. U.S. ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

19. Canada ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

20. Canada ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

21. Mexico ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

22. Mexico ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units)

23. Europe ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

24. Europe ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

25. Germany ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units)

26. Germany ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

27. France ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

28. France ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

29. U.K. ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

30. U.K. ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

31. Italy ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

32. Italy ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

33. Spain ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

34. Spain ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units)

35. Asia Pacific ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

36. Asia Pacific ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units)

37. Japan ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units)

38. Japan ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units)  

39. China ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

40. China ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

41. India ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

42. India ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

43. South America ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

44. South America ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

45. Brazil ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

46. Brazil ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

47. Middle East and Africa ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

48. Middle East and Africa ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

49. UAE ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

50. UAE ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

51. South Africa ICU Beds Market, By Type, 2017-2027 (USD Billion)(K Units) 

52. South Africa ICU Beds Market, By Application, 2017-2027 (USD Billion)(K Units) 

 

List of Figures 

1. Global ICU Beds Market Segmentation

2. Global ICU Beds 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 ICU Beds Market Attractiveness Analysis By Type

9. Global ICU Beds Market Attractiveness Analysis By Application 

10. Global ICU Beds Market Attractiveness Analysis By Region

11. Global ICU Beds Market: Dynamics

12. Global ICU Beds Market Share by Type(2020 & 2027)

13. Global ICU Beds Market Share by Application (2020 & 2027)

14. Global ICU Beds Market Share by Regions (2020 & 2027)

15. Global ICU Beds Market Share by Company (2019)

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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