Lab Automation Market
PUBLISHED: 2023 ID: SMRC22669
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Lab Automation Market

Lab Automation Market Forecasts to 2028 - Global Analysis By Product (Equipment, Analyzer, Software & Informatics and Other Products), Automated Systems (Total Automation Systems and Modular Lab Automation), Process (Continuous Flow, Discrete Processing and Other Processes), Application (Drug Discovery, Diagnostics and Other Applications), End user (Hospitals & Laboratories, Biotechnology And Pharmaceuticals and Other End Users), and By Geography

4.9 (66 reviews)
4.9 (66 reviews)
Published: 2023 ID: SMRC22669

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $5.1 BN

Projected Year Value (2028)

US $8.0 BN

CAGR (2022 - 2028)

7.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Lab Automation Market is accounted for $5.1 billion in 2022 and is expected to reach $8.0 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Lab automation is a multidisciplinary, cutting-edge strategy utilised in laboratories to boost output, shorten turnaround times, and improve process efficiency. Due to technical developments in laboratory equipment and a rise in the usage of automated laboratory equipment in pharmaceutical and R&D organisations, the lab automation market is predicted to increase over the forecast period. Increased demand for miniature process equipment also contributes to the market's expansion. However, a higher initial investment limits market expansion.

According to the World Health Organization’s report, the manifestation of coronavirus has resulted in more than 651,918,402 confirmed cases which means huge number of people was infected by COVID-19 globally as of December 2022.



Market Dynamics:

Driver:

Increasing investment & strategic initiatives by market players

Due to the increased need for specialised advanced automated services that remove human error, the market for laboratory automation is expanding. The goal of the companies and market participants is to offer a variety of tools, machineries, machines, and processes to aid in the design and production of automated laboratory infrastructure. Due to the increased need for specialised advanced automated services that remove human error, the market for laboratory automation is expanding. The market participants are coming up with more investments and funds to develop cutting-edge technology and methodologies in order to win the majority of the global market share. These participants place a greater emphasis on minimising manual labour and hands-on time for the customarily labor-intensive activity. This is anticipated to fuel the market's expansion.

Restraint:

Limitation analyzing novel complex product

The complexity of innovative products employed in automated laboratories is influenced by a variety of factors. Early in the development phase, there is a great requirement for ongoing communication between employees and device manufacturers, and it becomes essential to comprehend this communication in order to use the part or entire setup. The installation and operation of automated labs in the market are being hampered by limitations in the detection and analysis of novel complicated products like machinery, tools, and equipment.

Opportunity:

Government initiatives to strengthen laboratory infrastructures

Government organisations play a key role in progressively strengthening the healthcare sector and laboratory infrastructure. The financing and initiative taken by the government to increase laboratory automation would aid market expansion and add to the number of market competitors. The agreements and collaborations between the government and the major businesses in the market will improve the laboratory infrastructure even further.

Threat:

Upgradation, maintenance and periodical checkups

The first priority following setup is to operate labs efficiently. In order to operate, equipment needs to be maintained, upgraded, and given routine inspections. One of the key problems preventing the market competitors from competing is the expense necessary for this. Independent of the production firms, laboratory holders are required by regulation or quality control to test their products in order to operate efficiently and prevent situations. This can limit market expansion.

Covid-19 Impact

The worldwide COVID-19 pandemic has affected a variety of enterprises. Because to staff shortages, the need to maintain safe and socially segregated working conditions, and the need to fast expand testing menus, the COVID-19 pandemic has put diagnostic laboratories under a great deal of stress. Diagnostic labs that have embraced process automation have been among the best at minimising disruption and even thriving in these challenging environments. Innovative laboratories have been able to quickly resume near-full output while maintaining local social distance norms thanks to the flexibility that automated technologies offer. These laboratories will be in a fantastic position to take use of their automated processes to increase their capabilities once the restrictions are eased and the staff is allowed to work again.

The discrete processing segment is expected to be the largest during the forecast period

The discrete processing segment is estimated to have a lucrative growth, due to a number of advantages discrete processing has over continuous flow, which are expected to encourage its adoption during the predicted period. Every sample is given its own discrete space in discrete processing, which improves the analysis samples used in this method. Hence, unlike continuous flow processing, there is no waste of extra reagents utilised for flow. Due to its many advantages over continuous processing, this market is expected to increase significantly during the forecast period.

The biotechnology & pharmaceutical segment is expected to have the highest CAGR during the forecast period

The biotechnology & pharmaceutical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the widespread presence of pharmaceutical firms and the growing use of robotics and laboratory automation, the biotechnology and pharmaceutical industries segment accounts for the majority of revenue. Also, laboratory automation is being used more for R&D in pharmaceutical businesses as opposed to supporting product manufacturing and quality control in laboratory applications. This development contributes to the market's continued expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rise in pharmaceutical firms, increased demand for laboratory automation systems, and increased awareness of advanced laboratory automation systems all contribute to the market's expansion. The Asia-Pacific market is growing, but rising laboratory automation system costs are impeding its development. The development of the R&D industry, the rise in healthcare reforms, the expansion of hospitals with cutting-edge medical equipment, and other factors also contribute to the market's expansion. Growth potential in this region are further boosted by the increased attention of major manufacturers on increasing their geographic presence in developing nations in the Asia-Pacific.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increased adoption of lab automation technologies, which has resulted from the presence of a strong healthcare infrastructure in the area. The market penetration of novel solutions is also being aided by the local presence of large businesses and the favourable reimbursement system in this area.



Key players in the market

Some of the key players profiled in the Lab Automation Market include Danaher Corporation, PerkinElmer Inc., ABBOTT, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., BD, AZENTA US INC, F. Hoffmann-La Roche, Eppendorf AG, Aurora Biomed Inc., Hamilton Company, BIOMERIEUX, LABLYNX LIMS, LABWARE, Siemens Healthineers, Tecan Group Ltd., Qiagen N.V., Hudson Robotics, LABVANTAGE SOLUTIONS INC. and Bio Tek Instruments, Inc.

Key Developments:

In June 2022, BD announced that they had completed the acquisition of Straub Medical AG, a privately held company. With this acquisition, the company has added the valuable expertise and experience of Straub Medical AG and expanded its product portfolio.

In January 2022, QIAGEN announced that it has entered into new collaborations with Atlia Biosystems to provide non-invasive prenatal testing solutions.

Products Covered:
• Equipment
• Analyzer
• Software & Informatics
• Other Products

Automated Systems Covered:
• Total Automation Systems
• Modular Lab Automation

Process Covered:
• Continuous Flow
• Discrete Processing
• Other Processes

Applications Covered:
• Drug Discovery
• Diagnostics
• Genomics
• Microbiology
• Proteomic Solutions
• Protein Engineering
• Analytical Chemistry
• Bio Analysis
• Lyophilization
• System Biology
• Other Applications

End Users Covered:
• Hospitals & Laboratories
• Biotechnology And Pharmaceuticals
• Research And Academic Institutes
• Photometry & Fluorometry
• Environmental Testing Laboratories
• Food & Beverage Industry
• Forensic Laboratories
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Lab Automation Market, By Product
5.1 Introduction
5.2 Equipment
5.2.1 Automated Workstations
5.2.1.1 Automated Liquid Handling Systems
5.2.1.2 Automated Integrated Workstations
5.2.1.3 Pipetting Systems
5.2.1.4 Microplate Washers
5.2.1.5 Reagent Dispensers
5.2.2 Microplate readers
5.2.2.1 Multi-Mode Microplate Readers
5.2.2.2 Single-Mode Microplate Readers
5.2.2.3 Automated Nucleic Acid Purification Systems
5.2.2.4 Automated Elisa Systems
5.2.3 Off-the-Shelf Automated Workcells
5.2.4 Robotic Systems
5.2.4.1 Robotic Arms
5.2.4.2 Track Robots
5.2.5 Automate Storage & Retrievals (ASRS)
5.3 Analyzer
5.3.1 Bio Chemistry Analyzers
5.3.2 Haematology Analyzers
5.3.3 Immuno-Based Analyzers
5.4 Software & Informatics
5.4.1 Laboratory Information Management System (LIMS)
5.4.2 Electronic laboratory notebook (eln)
5.4.3 Laboratory Execution Systems (LES)
5.4.4 Scientific data Management Systems (SDMS)
5.5 Other Products

6 Global Lab Automation Market, By Automated Systems
6.1 Introduction
6.2 Total Automation Systems
6.2.1 Pre-Analysis
6.2.1.1 Centrifugation
6.2.1.2 Sample Sorting
6.2.1.3 Sample Preparation
6.2.2 Transport Mechanisms
6.2.3 Sample Analysis
6.2.4 Liquid Handling
6.2.5 Sample Storage
6.3 Modular Lab Automation
6.3.1 Specimen Acquisition & Identification & Labelling
6.3.3 Transport Mechanisms
6.3.4 Reagent Handling & Storage
6.3.6 Sample Loading & Aspiration

7 Global Lab Automation Market, By Process
7.1 Introduction
7.2 Continuous Flow
7.2.1 Workflow
7.2.1.1 Parallel Processing
7.2.1.2 Sequential Processing
7.2.2 Components
7.2.2.1 Equipment
7.2.2.2 Consumables
7.3 Discrete Processing
7.3.1 Method
7.3.1.2 Random Access Discrete Processing
7.3.2 Components
7.3.2.1 Consumables
7.3.2.2 Equipment
7.3.3 Workflow
7.3.3.1 Dependent Analysis
7.3.3.2 Independent Analysis
7.4 Other Processes

8 Global Lab Automation Market, By Application
8.1 Introduction
8.2 Drug Discovery
8.2.1 High-Throghput Screening
8.2.2 ADME Screening
8.2.3 Compound Management
8.2.4 Compound Weighing & Dissolution
8.3 Diagnostics
8.3.1 Pre Analytic/Sample Preparation
8.3.2 Sample Distribution, Splitting, and Archiving
8.3.3 Enzyme Immunoassays
8.4 Genomics
8.5 Microbiology
8.6 Proteomic Solutions
8.7 Protein Engineering
8.8 Analytical Chemistry
8.9 Bio Analysis
8.10 Lyophilization
8.11 System Biology
8.12 Other Applications

9 Global Lab Automation Market, By End User
9.1 Introduction
9.2 Hospitals & Laboratories
9.3 Biotechnology And Pharmaceuticals
9.4 Research And Academic Institutes
9.5 Photometry & Fluorometry
9.6 Environmental Testing Laboratories
9.7 Food & Beverage Industry
9.8 Forensic Laboratories
9.9 Other End Users

10 Global Lab Automation Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Danaher Corporation
12.2 PerkinElmer Inc.
12.3 ABBOTT
12.4 Thermo Fisher Scientific, Inc.
12.5 Agilent Technologies, Inc.
12.6 BD
12.7 AZENTA US INC
12.8 F. Hoffmann-La Roche
12.9 Eppendorf AG
12.10 Aurora Biomed Inc.
12.11 Hamilton Company
12.12 BIOMERIEUX
12.13 LABLYNX LIMS
12.14 LABWARE
12.15 Siemens Healthineers
12.16 Tecan Group Ltd.
12.17 Qiagen N.V.
12.18 Hudson Robotics
12.19 LABVANTAGE SOLUTIONS INC.
12.20 Bio Tek Instruments, Inc.

List of Tables
1 Global Lab Automation Market Outlook, By Region (2020-2028) ($MN)
2 Global Lab Automation Market Outlook, By Product (2020-2028) ($MN)
3 Global Lab Automation Market Outlook, By Equipment (2020-2028) ($MN)
4 Global Lab Automation Market Outlook, By Automated Workstations (2020-2028) ($MN)
5 Global Lab Automation Market Outlook, By Automated Liquid Handling Systems (2020-2028) ($MN)
6 Global Lab Automation Market Outlook, By Automated Integrated Workstations (2020-2028) ($MN)
7 Global Lab Automation Market Outlook, By Pipetting Systems (2020-2028) ($MN)
8 Global Lab Automation Market Outlook, By Microplate Washers (2020-2028) ($MN)
9 Global Lab Automation Market Outlook, By Reagent Dispensers (2020-2028) ($MN)
10 Global Lab Automation Market Outlook, By Microplate readers (2020-2028) ($MN)
11 Global Lab Automation Market Outlook, By Multi-Mode Microplate Readers (2020-2028) ($MN)
12 Global Lab Automation Market Outlook, By Single-Mode Microplate Readers (2020-2028) ($MN)
13 Global Lab Automation Market Outlook, By Automated Nucleic Acid Purification Systems (2020-2028) ($MN)
14 Global Lab Automation Market Outlook, By Automated Elisa Systems (2020-2028) ($MN)
15 Global Lab Automation Market Outlook, By Off-the-Shelf Automated Workcells (2020-2028) ($MN)
16 Global Lab Automation Market Outlook, By Robotic Systems (2020-2028) ($MN)
17 Global Lab Automation Market Outlook, By Robotic Arms (2020-2028) ($MN)
18 Global Lab Automation Market Outlook, By Track Robots (2020-2028) ($MN)
19 Global Lab Automation Market Outlook, By Automate Storage & Retrievals (ASRS) (2020-2028) ($MN)
20 Global Lab Automation Market Outlook, By Analyzer (2020-2028) ($MN)
21 Global Lab Automation Market Outlook, By Bio Chemistry Analyzers (2020-2028) ($MN)
22 Global Lab Automation Market Outlook, By Haematology Analyzers (2020-2028) ($MN)
23 Global Lab Automation Market Outlook, By Immuno-Based Analyzers (2020-2028) ($MN)
24 Global Lab Automation Market Outlook, By Software & Informatics (2020-2028) ($MN)
25 Global Lab Automation Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
26 Global Lab Automation Market Outlook, By Electronic laboratory notebook (eln) (2020-2028) ($MN)
27 Global Lab Automation Market Outlook, By Laboratory Execution Systems (LES) (2020-2028) ($MN)
28 Global Lab Automation Market Outlook, By Scientific data Management Systems (SDMS) (2020-2028) ($MN)
29 Global Lab Automation Market Outlook, By Other Products (2020-2028) ($MN)
30 Global Lab Automation Market Outlook, By Automated Systems (2020-2028) ($MN)
31 Global Lab Automation Market Outlook, By Total Automation Systems (2020-2028) ($MN)
32 Global Lab Automation Market Outlook, By Pre-Analysis (2020-2028) ($MN)
33 Global Lab Automation Market Outlook, By Centrifugation (2020-2028) ($MN)
34 Global Lab Automation Market Outlook, By Sample Sorting (2020-2028) ($MN)
35 Global Lab Automation Market Outlook, By Sample Preparation (2020-2028) ($MN)
36 Global Lab Automation Market Outlook, By Transport Mechanisms (2020-2028) ($MN)
37 Global Lab Automation Market Outlook, By Sample Analysis (2020-2028) ($MN)
38 Global Lab Automation Market Outlook, By Liquid Handling (2020-2028) ($MN)
39 Global Lab Automation Market Outlook, By Sample Storage (2020-2028) ($MN)
40 Global Lab Automation Market Outlook, By Modular Lab Automation (2020-2028) ($MN)
41 Global Lab Automation Market Outlook, By Specimen Acquisition & Identification & Labelling (2020-2028) ($MN)
42 Global Lab Automation Market Outlook, By Transport Mechanisms (2020-2028) ($MN)
43 Global Lab Automation Market Outlook, By Reagent Handling & Storage (2020-2028) ($MN)
44 Global Lab Automation Market Outlook, By Sample Loading & Aspiration (2020-2028) ($MN)
45 Global Lab Automation Market Outlook, By Process (2020-2028) ($MN)
46 Global Lab Automation Market Outlook, By Continuous Flow (2020-2028) ($MN)
47 Global Lab Automation Market Outlook, By Workflow (2020-2028) ($MN)
48 Global Lab Automation Market Outlook, By Parallel Processing (2020-2028) ($MN)
49 Global Lab Automation Market Outlook, By Sequential Processing (2020-2028) ($MN)
50 Global Lab Automation Market Outlook, By Components (2020-2028) ($MN)
51 Global Lab Automation Market Outlook, By Equipment (2020-2028) ($MN)
52 Global Lab Automation Market Outlook, By Consumables (2020-2028) ($MN)
53 Global Lab Automation Market Outlook, By Discrete Processing (2020-2028) ($MN)
54 Global Lab Automation Market Outlook, By Method (2020-2028) ($MN)
55 Global Lab Automation Market Outlook, By Random Access Discrete Processing (2020-2028) ($MN)
56 Global Lab Automation Market Outlook, By Components (2020-2028) ($MN)
57 Global Lab Automation Market Outlook, By Consumables (2020-2028) ($MN)
58 Global Lab Automation Market Outlook, By Equipment (2020-2028) ($MN)
59 Global Lab Automation Market Outlook, By Workflow (2020-2028) ($MN)
60 Global Lab Automation Market Outlook, By Dependent Analysis (2020-2028) ($MN)
61 Global Lab Automation Market Outlook, By Independent Analysis (2020-2028) ($MN)
62 Global Lab Automation Market Outlook, By Other Processes (2020-2028) ($MN)
63 Global Lab Automation Market Outlook, By Application (2020-2028) ($MN)
64 Global Lab Automation Market Outlook, By Drug Discovery (2020-2028) ($MN)
65 Global Lab Automation Market Outlook, By High-Throghput Screening (2020-2028) ($MN)
66 Global Lab Automation Market Outlook, By ADME Screening (2020-2028) ($MN)
67 Global Lab Automation Market Outlook, By Compound Management (2020-2028) ($MN)
68 Global Lab Automation Market Outlook, By Compound Weighing & Dissolution (2020-2028) ($MN)
69 Global Lab Automation Market Outlook, By Diagnostics (2020-2028) ($MN)
70 Global Lab Automation Market Outlook, By Pre Analytic/Sample Preparation (2020-2028) ($MN)
71 Global Lab Automation Market Outlook, By Sample Distribution, Splitting, and Archiving (2020-2028) ($MN)
72 Global Lab Automation Market Outlook, By Enzyme Immunoassays (2020-2028) ($MN)
73 Global Lab Automation Market Outlook, By Genomics (2020-2028) ($MN)
74 Global Lab Automation Market Outlook, By Microbiology (2020-2028) ($MN)
75 Global Lab Automation Market Outlook, By Proteomic Solutions (2020-2028) ($MN)
76 Global Lab Automation Market Outlook, By Protein Engineering (2020-2028) ($MN)
77 Global Lab Automation Market Outlook, By Analytical Chemistry (2020-2028) ($MN)
78 Global Lab Automation Market Outlook, By Bio Analysis (2020-2028) ($MN)
79 Global Lab Automation Market Outlook, By Lyophilization (2020-2028) ($MN)
80 Global Lab Automation Market Outlook, By System Biology (2020-2028) ($MN)
81 Global Lab Automation Market Outlook, By Other Applications (2020-2028) ($MN)
82 Global Lab Automation Market Outlook, By End User (2020-2028) ($MN)
83 Global Lab Automation Market Outlook, By Hospitals & Laboratories (2020-2028) ($MN)
84 Global Lab Automation Market Outlook, By Biotechnology And Pharmaceuticals (2020-2028) ($MN)
85 Global Lab Automation Market Outlook, By Research And Academic Institutes (2020-2028) ($MN)
86 Global Lab Automation Market Outlook, By Photometry & Fluorometry (2020-2028) ($MN)
87 Global Lab Automation Market Outlook, By Environmental Testing Laboratories (2020-2028) ($MN)
88 Global Lab Automation Market Outlook, By Food & Beverage Industry (2020-2028) ($MN)
89 Global Lab Automation Market Outlook, By Forensic Laboratories (2020-2028) ($MN)
90 Global Lab Automation Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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