Artificial Intelligence In Healthcare Market
Artificial Intelligence in Healthcare Market Forecasts to 2030 - Global Analysis By Offering (Hardware, Software, Services and Other Offerings), Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision and Other Technology), Application, End User and By Geography
According to Stratistics MRC, the Global Artificial Intelligence in Healthcare Market is accounted for $20.87 billion in 2023 and is expected to reach $175.00 billion by 2030 growing at a CAGR of 35.5% during the forecast period. Artificial intelligence (AI) is defined as the study of intelligent agents, i.e., any agent or tool that has the ability to comprehend and grasp its environment and, as a result, to determine the appropriate course of action to increase its chances of succeeding. AI also refers to situations in which machines can mimic the learning and problem-solving processes of the human brain.
According to the statistics published by the CI security, data breaches in the healthcare industry increased by around 36.0% in the second half of 2020. This revealed that around 21.3 million patient records were hampered.
Market Dynamics:
Driver:
Growing healthcare data
Electronic health records, medical equipment, wearable sensors, and genomics are just a few of the sources of the data explosion in the healthcare sector. This flood of data contains a wealth of insights that AI is just beginning to unlock. Moreover, AI algorithms can make predictions, find hidden patterns in this data, and assist healthcare professionals in making decisions that are supported by the best available evidence.
Restraint:
Data security and privacy issues
Data security and privacy are of utmost importance in the healthcare industry because of the sensitive patient data that is handled there. Additionally, an increased risk of data breaches, which could potentially harm patients and have legal repercussions, exists as AI systems become more dependent on access to large volumes of patient data. It's difficult to balance providing AI with access to data while maintaining strict data security protocols.
Opportunity:
Remote monitoring and telemedicine
AI facilitates the growth of telemedicine and remote patient monitoring, which have become more popular, particularly during the COVID-19 pandemic. Furthermore, AI-powered virtual healthcare platforms make it possible to manage chronic diseases, monitor symptoms, and conduct remote consultations, ensuring continuity and accessibility of care, especially for people living in rural or remote areas.
Threat:
Threats to data privacy and security
Healthcare organizations are attractive targets for cyber attacks as they gather enormous amounts of private patient data. Patient confidentiality may be violated, patient records may be compromised, and identity theft may occur as a result of data breaches and security breaches. However, to lessen these risks, it is essential to maintain strong data security procedures, encryption, and regulatory compliance.
Covid-19 Impact:
The COVID-19 pandemic has significantly altered healthcare priorities and accelerated the adoption of technology, including artificial intelligence. Increased investments in AI-driven solutions for telemedicine, vaccine development, drug discovery, and pandemic response followed the pandemic's emphasis on the value of effective healthcare delivery, remote monitoring, and quick diagnostics. Moreover, COVID-19 highlighted the potential of AI to improve healthcare resilience, data-driven decision-making, and the development of creative solutions for upcoming healthcare challenges, even though it puts a strain on healthcare resources and supply chains.
The Services segment is expected to be the largest during the forecast period
During the forecast period, it is anticipated that the services segment will hold the largest share. For the successful integration and operation of healthcare IT systems, such as electronic health records (EHRs), telemedicine platforms, and artificial intelligence applications, a wide range of services, including consulting, implementation, maintenance, and support services, are required. Additionally, services are essential for assisting healthcare providers to make the most of their technology investments, ensure regulatory compliance, and deliver high-quality patient care in an environment where healthcare is becoming more and more digitized.
The Precision Medicine segment is expected to have the highest CAGR during the forecast period
The artificial intelligence market in healthcare is seeing the highest CAGR in the precision medicine segment. Customizing medical care and interventions for each patient based on genetic make-up, way of life and unique health characteristics is known as precision medicine. The development of personalized treatment plans, advances in genomics, and the growing accessibility of patient-specific data have all contributed to the growing popularity of this strategy. Moreover, precision medicine is a focus for research, investment, and innovation in the healthcare sector because it holds the promise of more effective therapies, diminished side effects, and improved patient outcomes.
Region with largest share:
The artificial intelligence market in healthcare is anticipated to hold the largest share in the North American region, particularly the United States. Large patient populations, a thriving pharmaceutical industry, significant investments in medical research and technology, and a well-developed healthcare infrastructure are just a few examples of the factors that contribute to this dominance. Additionally, the area has also led the way in implementing healthcare IT solutions, such as telemedicine and electronic health records (EHRs), which has helped it gain market share. The continued advancements and investments in healthcare technology and services will probably maintain this region's prominence.
Region with highest CAGR:
In the global healthcare market, the Asia-Pacific region is anticipated to hold the highest CAGR. This rapid growth is caused by a number of variables, including rising healthcare costs, an aging population, an increase in the prevalence of chronic diseases, and increased access to healthcare services. Furthermore, the Asia-Pacific region is also heavily investing in healthcare infrastructure, medical technologies, and digital health solutions, making it a hub for market growth and healthcare innovation.
Key players in the market
Some of the key players in Artificial Intelligence in Healthcare market include Micron Technology Inc., Allscripts Healthcare Solutions, Inc., Medtronic, Enlitic Inc., Google Inc., General Vision, Inc., General Electric Company, Intel Corporation, Amazon Web Services Inc., Nuance Communications Inc., DeepMind Technologies Limited, Next IT Corporation, Koninklijke Philips N.V, Johnson & Johnson Services, Inc, Cloudmedx Inc., IBM Corporation, NVIDIA Corporation, Microsoft Corporation, Hewlett Packard Enterprise Company, Siemens Healthcare and Welltok, Inc.
Key Developments:
In May 2023, Medtronic plc, a global leader in healthcare technology, today announced it has entered into a set of definitive agreements to acquire EOFlow Co. Ltd., manufacturer of the EOPatch® device — a tubeless, wearable and fully disposable insulin delivery device. The addition of EOFlow, together with Medtronic's Meal Detection Technology™ algorithm and next-generation continuous glucose monitor, is expected to expand the company's ability to address the needs of more individuals with diabetes, no matter where they are in their treatment journey or preference for how they want their insulin delivered.
In February 2023, General Electric has signed an agreement with Iraq to set up new power plants and expand capacity at existing units in the country. The deal, which was signed between the US conglomerate and Iraq’s Ministry of Electricity, also aims to maintain installed power generation and transmission infrastructure, establish new substations to relieve grid congestion and boost the connectivity between the Jordanian and Iraqi power grids, GE said on Thursday.
In January 2023, Amazon Web Services, Inc. announced its Strategic Collaboration Agreement (SCA) with Slalom, LLC to develop vertical solutions and accelerators on AWS for their customers in healthcare, life sciences, financial services, energy, and media and entertainment industries.
Offerings Covered:
• Hardware
• Software
• Services
• Other Offerings
Technologies Covered:
• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision
• Other Technologies
Applications Covered:
• Patient Data & Risk Analysis
• Medical Imaging & Diagnostics
• Precision Medicine
• Drug Discovery
• Lifestyle Management & Monitoring
• Virtual Assistant
• Wearables
• In-patient Care & Hospital Management
• Research
• Emergency Room & Surgery
• Mental Health
• Administrative Workflow Assistants
• Connected Machines
• Diagnosis
• Clinical Trials
• Fraud Detection
• Dosage Error Reduction
• Healthcare Assistance Robots
• Cybersecurity
• Other Applications
End Users Covered:
• Hospitals & Healthcare Providers
• Healthcare Payers
• Pharmaceuticals & Biotechnology Companies
• Patients
• 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 2021, 2022, 2023, 2026, and 2030
- 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
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 Technology 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 Artificial Intelligence in Healthcare Market, By Offering
5.1 Introduction
5.2 Hardware
5.2.1 Processor
5.2.1.1 MPU (Memory Processing Unit)
5.2.1.2 GPU (Graphical Processing Unit)
5.2.1.3 FPGA (Field Programmable Gate Array)
5.2.1.4 ASIC
5.2.2 Memory
5.2.3 Network
5.2.3.1 Adapter
5.2.3.2 Switch
5.2.3.3 Interconnect
5.3 Software
5.3.1 AI Platform
5.3.1.1 Application Program Interface (API)
5.3.1.2 Machine learning Framework
5.3.2 AI Solution
5.3.2.1 On-Premise
5.3.2.2 Cloud
5.4 Services
5.4.1 Deployment and Integration
5.4.2 Support & Maintenance
5.5 Other Offerings
6 Global Artificial Intelligence in Healthcare Market, By Technology
6.1 Introduction
6.2 Machine Learning
6.2.1 Deep Learning
6.2.2 Supervised
6.2.3 Unsupervised
6.2.4 Reinforcement Learning
6.3 Natural Language Processing
6.3.1 IVR
6.3.2 OCR
6.3.3 Pattern and Image Recognition
6.3.4 Auto Coding
6.3.5 Classification and Categorization
6.3.6 Text Analytics
6.3.7 Speech Analytics
6.4 Context-aware Computing
6.4.1 Device Context
6.4.2 User Context
6.4.3 Physical Context
6.5 Computer Vision
6.6 Other Technology
7 Global Artificial Intelligence in Healthcare Market, By Application
7.1 Introduction
7.2 Patient Data & Risk Analysis
7.3 Medical Imaging & Diagnostics
7.4 Precision Medicine
7.5 Drug Discovery
7.6 Lifestyle Management & Monitoring
7.7 Virtual Assistant
7.8 Wearables
7.9 In-patient Care & Hospital Management
7.10 Research
7.11 Emergency Room & Surgery
7.12 Mental Health
7.13 Administrative Workflow Assistants
7.14 Connected Machines
7.15 Diagnosis
7.16 Clinical Trials
7.17 Fraud Detection
7.18 Dosage Error Reduction
7.19 Healthcare Assistance Robots
7.20 Cybersecurity
7.21 Other Applications
8 Global Artificial Intelligence in Healthcare Market, By End User
8.1 Introduction
8.2 Hospitals & Healthcare Providers
8.3 Healthcare Payers
8.4 Pharmaceuticals & Biotechnology Companies
8.5 Patients
8.6 Other End Users
9 Global Artificial Intelligence in Healthcare Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Micron Technology Inc.
11.2 Allscripts Healthcare Solutions, Inc.
11.3 Medtronic
11.4 Enlitic Inc.
11.5 Google Inc.
11.6 General Vision, Inc.
11.7 General Electric Company
11.8 Intel Corporation
11.9 Amazon Web Services Inc.
11.10 Nuance Communications Inc.
11.11 DeepMind Technologies Limited
11.12 Next IT Corporation
11.13 Koninklijke Philips N.V
11.14 Johnson & Johnson Services, Inc
11.15 Cloudmedx Inc.
11.16 IBM Corporation
11.17 NVIDIA Corporation
11.18 Microsoft Corporation
11.19 Hewlett Packard Enterprise Company
11.20 Siemens Healthcare
11.21 Welltok, Inc.
List of Tables
1 Global Artificial Intelligence in Healthcare Market Outlook, By Region (2021-2030) ($MN)
2 Global Artificial Intelligence in Healthcare Market Outlook, By Offering (2021-2030) ($MN)
3 Global Artificial Intelligence in Healthcare Market Outlook, By Hardware (2021-2030) ($MN)
4 Global Artificial Intelligence in Healthcare Market Outlook, By Processor (2021-2030) ($MN)
5 Global Artificial Intelligence in Healthcare Market Outlook, By Memory (2021-2030) ($MN)
6 Global Artificial Intelligence in Healthcare Market Outlook, By Network (2021-2030) ($MN)
7 Global Artificial Intelligence in Healthcare Market Outlook, By Software (2021-2030) ($MN)
8 Global Artificial Intelligence in Healthcare Market Outlook, By AI Platform (2021-2030) ($MN)
9 Global Artificial Intelligence in Healthcare Market Outlook, By AI Solution (2021-2030) ($MN)
10 Global Artificial Intelligence in Healthcare Market Outlook, By Services (2021-2030) ($MN)
11 Global Artificial Intelligence in Healthcare Market Outlook, By Deployment and Integration (2021-2030) ($MN)
12 Global Artificial Intelligence in Healthcare Market Outlook, By Support & Maintenance (2021-2030) ($MN)
13 Global Artificial Intelligence in Healthcare Market Outlook, By Other Offerings (2021-2030) ($MN)
14 Global Artificial Intelligence in Healthcare Market Outlook, By Technology (2021-2030) ($MN)
15 Global Artificial Intelligence in Healthcare Market Outlook, By Machine Learning (2021-2030) ($MN)
16 Global Artificial Intelligence in Healthcare Market Outlook, By Deep Learning (2021-2030) ($MN)
17 Global Artificial Intelligence in Healthcare Market Outlook, By Supervised (2021-2030) ($MN)
18 Global Artificial Intelligence in Healthcare Market Outlook, By Unsupervised (2021-2030) ($MN)
19 Global Artificial Intelligence in Healthcare Market Outlook, By Reinforcement Learning (2021-2030) ($MN)
20 Global Artificial Intelligence in Healthcare Market Outlook, By Natural Language Processing (2021-2030) ($MN)
21 Global Artificial Intelligence in Healthcare Market Outlook, By IVR (2021-2030) ($MN)
22 Global Artificial Intelligence in Healthcare Market Outlook, By OCR (2021-2030) ($MN)
23 Global Artificial Intelligence in Healthcare Market Outlook, By Pattern and Image Recognition (2021-2030) ($MN)
24 Global Artificial Intelligence in Healthcare Market Outlook, By Auto Coding (2021-2030) ($MN)
25 Global Artificial Intelligence in Healthcare Market Outlook, By Classification and Categorization (2021-2030) ($MN)
26 Global Artificial Intelligence in Healthcare Market Outlook, By Text Analytics (2021-2030) ($MN)
27 Global Artificial Intelligence in Healthcare Market Outlook, By Speech Analytics (2021-2030) ($MN)
28 Global Artificial Intelligence in Healthcare Market Outlook, By Context-aware Computing (2021-2030) ($MN)
29 Global Artificial Intelligence in Healthcare Market Outlook, By Device Context (2021-2030) ($MN)
30 Global Artificial Intelligence in Healthcare Market Outlook, By User Context (2021-2030) ($MN)
31 Global Artificial Intelligence in Healthcare Market Outlook, By Physical Context (2021-2030) ($MN)
32 Global Artificial Intelligence in Healthcare Market Outlook, By Computer Vision (2021-2030) ($MN)
33 Global Artificial Intelligence in Healthcare Market Outlook, By Other Technology (2021-2030) ($MN)
34 Global Artificial Intelligence in Healthcare Market Outlook, By Application (2021-2030) ($MN)
35 Global Artificial Intelligence in Healthcare Market Outlook, By Patient Data & Risk Analysis (2021-2030) ($MN)
36 Global Artificial Intelligence in Healthcare Market Outlook, By Medical Imaging & Diagnostics (2021-2030) ($MN)
37 Global Artificial Intelligence in Healthcare Market Outlook, By Precision Medicine (2021-2030) ($MN)
38 Global Artificial Intelligence in Healthcare Market Outlook, By Drug Discovery (2021-2030) ($MN)
39 Global Artificial Intelligence in Healthcare Market Outlook, By Lifestyle Management & Monitoring (2021-2030) ($MN)
40 Global Artificial Intelligence in Healthcare Market Outlook, By Virtual Assistant (2021-2030) ($MN)
41 Global Artificial Intelligence in Healthcare Market Outlook, By Wearables (2021-2030) ($MN)
42 Global Artificial Intelligence in Healthcare Market Outlook, By In-patient Care & Hospital Management (2021-2030) ($MN)
43 Global Artificial Intelligence in Healthcare Market Outlook, By Research (2021-2030) ($MN)
44 Global Artificial Intelligence in Healthcare Market Outlook, By Emergency Room & Surgery (2021-2030) ($MN)
45 Global Artificial Intelligence in Healthcare Market Outlook, By Mental Health (2021-2030) ($MN)
46 Global Artificial Intelligence in Healthcare Market Outlook, By Administrative Workflow Assistants (2021-2030) ($MN)
47 Global Artificial Intelligence in Healthcare Market Outlook, By Connected Machines (2021-2030) ($MN)
48 Global Artificial Intelligence in Healthcare Market Outlook, By Diagnosis (2021-2030) ($MN)
49 Global Artificial Intelligence in Healthcare Market Outlook, By Clinical Trials (2021-2030) ($MN)
50 Global Artificial Intelligence in Healthcare Market Outlook, By Fraud Detection (2021-2030) ($MN)
51 Global Artificial Intelligence in Healthcare Market Outlook, By Dosage Error Reduction (2021-2030) ($MN)
52 Global Artificial Intelligence in Healthcare Market Outlook, By Healthcare Assistance Robots (2021-2030) ($MN)
53 Global Artificial Intelligence in Healthcare Market Outlook, By Cybersecurity (2021-2030) ($MN)
54 Global Artificial Intelligence in Healthcare Market Outlook, By Other Applications (2021-2030) ($MN)
55 Global Artificial Intelligence in Healthcare Market Outlook, By End User (2021-2030) ($MN)
56 Global Artificial Intelligence in Healthcare Market Outlook, By Hospitals & Healthcare Providers (2021-2030) ($MN)
57 Global Artificial Intelligence in Healthcare Market Outlook, By Healthcare Payers (2021-2030) ($MN)
58 Global Artificial Intelligence in Healthcare Market Outlook, By Pharmaceuticals & Biotechnology Companies (2021-2030) ($MN)
59 Global Artificial Intelligence in Healthcare Market Outlook, By Patients (2021-2030) ($MN)
60 Global Artificial Intelligence in Healthcare Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 2 North America Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 3 US Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 4 Canada Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 6 Europe Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 7 Germany Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 8 UK Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 9 Italy Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 10 France Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 11 Spain Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 14 Japan Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 15 China Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 16 India Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 17 Australia Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 21 South America Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 24 Chile Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 28 UAE Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Artificial Intelligence in Healthcare Market Outlook (2021-2030) ($MN)
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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
