Embolization Coils Market

Embolization Coils Market Size By Type (Detachable Coil and Pushable Coil), By Application (Neurology, Urology, Peripheral Vascular Disease, Oncology, Cardiology, and Other), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2022 Historical Data: 2020-21
  • Report ID: TBI-13237
  • Published Date: Jan, 2023
  • Pages: 236
  • Category: Healthcare
  • Format: PDF
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The global embolization coils market is expected to reach USD 1,772 million by 2030, at a CAGR of 5% during the forecast period 2022 to 2030. Asia Pacific is expected to grow the fastest during the forecast period. 

Market Overview:

An aneurysm is a sac or bulge that forms in the artery due to a thinner arterial wall. Aneurysms in the brain can affect the surrounding nerves and brain tissue, causing headaches, neck pain, upper back pain, nausea, and other symptoms like nausea and vomiting. An improper connection between the arteries and veins, called an arteriovenous malformation, prevents oxygenated blood from flowing freely through the brain. Coil embolization, also known as embolization coils, is a minimally invasive procedure used to treat aneurysms, helping to stop the bleeding and close the sac. A steerable catheter is introduced into the bloodstream and directed to the brain during this endovascular surgery. Government programmes are significantly influencing the embolization coils market. Government entities in several nations are implementing programmes and policies to strengthen the healthcare system. This, in turn, will substantially affect the embolization coils market as it expands. The importance of peripheral embolization devices is being made known to neurosurgeons and other medical specialists. The number of embolization coils also rises in response to the demand for embolization devices. The embolization coils market will see more growth due to this factor. The revenue growth of the market participants for embolization coils depends on research and development activities.

Embolization Coils Market Size

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Recent Development
  • In July 2021, The AZUR Vascular Plug, the first and only plug compatible with a microcatheter to occlude arteries up to 8mm in diameter, will be made available by Terumo Medical Corporation (TMC). The newest addition to Terumo's extensive embolization range is intended to slow down or stop blood flow in peripheral vascular arteries.
  • In April 2021, The Pipeline Flex Embolization Device with Shield Technology from Medtronic PLC, primarily suggested for brain aneurysms, was authorised by the US Food and Drug Administration (FDA). Shield Technology improves the flow diverter device by reducing the material's thrombogenicity.

Market Dynamics:

Drivers

Rise in Aneurysms- Aortic aneurysms and cerebral aneurysms are the two aneurysm kinds that affect people the most around the world. The most common type of aneurysm in people between the ages of 35 and 40 is a brain aneurysm, which is brought on by blood arteries that bulge or balloon. Smokers and individuals with high blood pressure, high cholesterol, arterial defect, and aortic dissection diseases have a higher prevalence of aneurysms. As a result of the rise in aneurysm occurrence, early disease identification and ongoing patient monitoring are crucial for diagnosing, treating, limiting, and controlling disease prevalence. Therefore, it is anticipated that the need for therapeutic devices, such as embolization coils that block blood flow and stop aneurysms from rupturing, will propel market expansion.

Restraints:

Coil- Coil migration, coil misplacement, coil retrieval issues, coil stretching, a constrained coil length range, and non-target embolization are all causes of embolization coil complications. Aneurysmal perforation and rupture, parent artery occlusion, cerebral embolism, coil migration, neurological impairments such as stroke and death, and puncture site hematoma are a few risks connected with the use of embolization coils. Other dangers of embolization coils include thromboembolic events, discomfort, vasospasm, infection, vascular thrombosis, clot formation, bleeding, and ischemia. Additionally, complications may result from catheter-based infection transmission brought on by repeated usage, reprocessing, or sterilisation of catheters, malfunctioning of the embolization coil due to mechanical issues, console flaws, and cross-contamination.

Opportunities:

Rise in Demand -The demand from end-users, including hospitals, ASCs, clinics, and diagnostic centres, may be satisfied with technological advancements and developments in the embolization coil. The development of 3D embolization coils, miniaturised coils, hydrocoils, and embolization coils with integrated deployment mechanisms has been made possible by technological advancements in the global embolization coil market. The conformable 3D shape of 3D embolization coils improves multi-planar deployment accuracy and speeds up thrombus development. Tiny coils are employed to fill the empty areas in aneurysms to achieve high packing densities with decreased patient retreatment rates. The mechanical occlusion offered by hydrocoils, which have a platinum core and are detachable coils, improves volume filling and occlusion efficacy while relying less on thrombus formation.

Challenges:

Lack of Skilled Professionals- The need for skilled workers, such as interventional neurologists and interventional oncologists, is predicted to impede market expansion. Interventional neurology has been added to the long-term shortage list by the New Zealand government.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the largest market for the global embolization coils market, with a 33% share of the market revenue in 2022.

Europe currently dominates the embolization coils market with a 33% market revenue share in 2022. The British Heart Foundation reports that 5,000 fatalities in the UK are attributed to burst aortic aneurysms each year in Europe. These cause 1 in 75 fatalities of men in this age range and are more prevalent in those 65 years of age and older. The same pattern is seen in another part of the planet as well. Therefore, it is probable that the growth of embolization coils in the forecast period will likely increase due to the rise in the prevalence of cardiac aneurysms in the regions and various countries of the region.

Asia Pacific is expected to witness the fastest growth during the forecast period. According to research, coiling in brain aneurysms has a long-term success rate of over 85%. A paradigm shift from clipping to coiling has occurred due to an increase in the success rates of endovascular coiling for the treatment of aneurysms. Coiling is the favoured method of embolization due to the availability of coils in various shapes and sizes that allow for the best product selection for the embolization technique and inexpensive cost.

Europe Region Embolization Coils Market Share in 2022 - 33%

 

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Type Segment

The type segment is divided into a detachable coil and a pushable coil. The pushable coil segment dominated the market, with a market share of around 60% in 2022. In interventional radiology, these coils are frequently utilised. However, the pushable coil segment is anticipated to be constrained during the forecast period due to drawbacks such as the inability to be moved and incompatibility with the catheter that might cause the coil to become irretrievably jammed in the catheter.

Application Analysis

The application segment is divided into neurology, urology, peripheral vascular disease, oncology, cardiology, and others. Over the forecast period, the neurology segment is expected to grow at the fastest CAGR of 5.8%. Embolization coils are typically utilised to treat arteriovenous malformations (AVMs) and brain aneurysms in neurology, propelling the segment’s growth.

List of Key Market Players:
  • Terumo Corporation
  • Medtronic plc
  • KANEKA CORPORATION
  • Stryker Corporation
  • Boston Scientific Corporation
  • Cook Medical LLC
  • MicroPort Scientific Corporation
  • Penumbra, Inc
  • Shape Memory Medical INC,
  • Johnson & Johnson Services, Inc.

Report Description:

Attribute Description
Market Size Revenue (USD million)
Market size value in 2022 USD 1,200 million
Market size value in 2030 USD 1,772 million    
CAGR (2022 to 2030) 5%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments Type, Application
Regional Segments North America, Asia Pacific, Europe, Latin America, Middle East and Africa

Frequesntly Asked Questions

As per The Brainy Insights, the size of the embolization coils market was valued at USD 1,200 million in 2022 to USD 1,772 million by 2030.

The global embolization coils market is growing at a CAGR of 5% during the forecast period 2022-2030.

Europe currently emerged as the largest market for embolization coils.

Key players in the embolization coils market are Terumo Corporation, Medtronic plc, KANEKA CORPORATION, Stryker Corporation, Boston Scientific Corporation, Cook Medical LLC, MicroPort Scientific Corporation

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. Rise in Aneurysms
    5.3. Restraints
          5.3.1. Issues Related to Coil
    5.4. Opportunities
          5.4.1. Rise in Demand
    5.5. Challenges
          5.5.1. Lack of Skilled Professionals

6. Global Embolization Coils Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Detachable Coil
    6.3. Pushable Coil

7. Global Embolization Coils Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Neurology
    7.3. Urology
    7.4. Peripheral Vascular Disease
    7.5. Oncology
    7.6. Cardiology
    7.7. Other

8. Global Embolization Coils 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 Embolization Coils Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Embolization Coils 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. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Terumo Corporation.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Travel Days Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Medtronic plc
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Travel Days Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. KANEKA CORPORATION
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Travel Days Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Stryker Corporation
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Travel Days Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Boston Scientific Corporation
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Travel Days Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Cook Medical LLC
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Travel Days Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. MicroPort Scientific Corporation
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Travel Days Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Penumbra, Inc
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Travel Days Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Shape Memory Medical INC,
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Travel Days Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Johnson & Johnson Services, Inc.
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Travel Days Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
 

List of Table

1. Global Embolization Coils Market, By Type, 2019-2030 (USD Million)

2. Global Detachable Coil, Embolization Coils Market, By Region, 2019-2030 (USD Million) 

3. Global Pushable Coil, Embolization Coils Market, By Region, 2019-2030 (USD Million)

4. Global Embolization Coils Market, By Application, 2019-2030 (USD Million)

5. Global Neurology, Embolization Coils Market, By Region, 2019-2030 (USD Million)

6. Global Urology, Embolization Coils Market, By Region, 2019-2030 (USD Million)

7. Global Peripheral Vascular Disease, Embolization Coils Market, By Region, 2019-2030 (USD Million)

8. Global Oncology, Embolization Coils Market, By Region, 2019-2030 (USD Million)

9. Global Cardiology, Embolization Coils Market, By Region, 2019-2030 (USD Million)

10. Global Others, Embolization Coils Market, By Region, 2019-2030 (USD Million)

11. North America Embolization Coils Market, By Type, 2019-2030 (USD Million)

12. North America Embolization Coils Market, By Application, 2019-2030 (USD Million)

13. U.S. Embolization Coils Market, By Type, 2019-2030 (USD Million)

14. U.S. Embolization Coils Market, By Application, 2019-2030 (USD Million)

15. Canada Embolization Coils Market, By Type, 2019-2030 (USD Million)

16. Canada Embolization Coils Market, By Application, 2019-2030 (USD Million)

17. Mexico Embolization Coils Market, By Type, 2019-2030 (USD Million)

18. Mexico Embolization Coils Market, By Application, 2019-2030 (USD Million)

19. Europe Embolization Coils Market, By Type, 2019-2030 (USD Million)

20. Europe Embolization Coils Market, By Application, 2019-2030 (USD Million)

21. Germany Embolization Coils Market, By Type, 2019-2030 (USD Million)

22. Germany Embolization Coils Market, By Application, 2019-2030 (USD Million)

23. France Embolization Coils Market, By Type, 2019-2030 (USD Million)

24. France Embolization Coils Market, By Application, 2019-2030 (USD Million)

25. U.K. Embolization Coils Market, By Type, 2019-2030 (USD Million)

26. U.K. Embolization Coils Market, By Application, 2019-2030 (USD Million)

27. Italy Embolization Coils Market, By Type, 2019-2030 (USD Million)

28. Italy Embolization Coils Market, By Application, 2019-2030 (USD Million)

29. Spain Embolization Coils Market, By Type, 2019-2030 (USD Million)

30. Spain Embolization Coils Market, By Application, 2019-2030 (USD Million)

31. Asia Pacific Embolization Coils Market, By Type, 2019-2030 (USD Million)

32. Asia Pacific Embolization Coils Market, By Application, 2019-2030 (USD Million)

33. Japan Embolization Coils Market, By Type, 2019-2030 (USD Million)

34. Japan Embolization Coils Market, By Application, 2019-2030 (USD Million)

35. China Embolization Coils Market, By Type, 2019-2030 (USD Million)

36. China Embolization Coils Market, By Application, 2019-2030 (USD Million)

37. India Embolization Coils Market, By Type, 2019-2030 (USD Million)

38. India Embolization Coils Market, By Application, 2019-2030 (USD Million)

39. South America Embolization Coils Market, By Type, 2019-2030 (USD Million)

40. South America Embolization Coils Market, By Application, 2019-2030 (USD Million)

41. Brazil Embolization Coils Market, By Type, 2019-2030 (USD Million)

42. Brazil Embolization Coils Market, By Application, 2019-2030 (USD Million)

43. Middle East and Africa Embolization Coils Market, By Type, 2019-2030 (USD Million)

44. Middle East and Africa Embolization Coils Market, By Application, 2019-2030 (USD Million)

45. UAE Embolization Coils Market, By Type, 2019-2030 (USD Million)

46. UAE Embolization Coils Market, By Application, 2019-2030 (USD Million)

47. South Africa Embolization Coils Market, By Type, 2019-2030 (USD Million)

48. South Africa Embolization Coils Market, By Application, 2019-2030 (USD Million)

List of Figures 

1. Global Embolization Coils Market Segmentation

2. Global Embolization Coils 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 Embolization Coils Market Attractiveness Analysis By Type

9. Global Embolization Coils Market Attractiveness Analysis By Application

10. Global Embolization Coils Market Attractiveness Analysis By Region

11. Global Embolization Coils Market: Dynamics

12. Global Embolization Coils Market Share By Type (2022 & 2030)

13. Global Embolization Coils Market Share By Application (2022 & 2030)

14. Global Embolization Coils Market Share By Regions (2022 & 2030)

15. Global Embolization Coils Market Share By Company (2021)

This study forecasts global, regional, and country revenue from 2019 to 2030. Brainy Insights has segmented the global embolization coils market based on the below-mentioned segments:

Global Embolization Coils Market by Type: 

  • Detachable Coil
  • Pushable Coil

Global Embolization Coils Market by Application:

  • Neurology
  • Urology
  • Peripheral Vascular Disease
  • Oncology
  • Cardiology
  • Other

Global Embolization Coils 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

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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