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Telerehabilitation Market Report Scope & Overview:

In 2023, The Telerehabilitation Market size amounted to USD 4.90 Billion & is estimated to reach USD 13.60 Billion by 2031 and increase at a compound annual growth rate of 13.6% between 2024 and 2031.

The Telerehabilitation Market refers to the provision of rehabilitation services through remote communication technologies, such as video conferencing, mobile apps, and telecommunication tools. Telerehabilitation allows healthcare professionals to remotely assess, diagnose, and treat patients who require rehabilitation services, such as physical therapy, occupational therapy, speech therapy, and mental health therapy, among others. The market for telerehabilitation has been growing rapidly in recent years due to several factors, including advancements in telecommunication technology, increased access to high-speed internet, and a growing need for convenient and cost-effective healthcare solutions. Additionally, the COVID-19 pandemic further accelerated the adoption of telehealth services, including telerehabilitation, as it provided a safe and accessible way for patients to receive care while minimizing the risk of exposure to the virus.

Telerehabilitation Market Revenue Analysis

The telerehabilitation market has seen significant interest from healthcare providers, patients, and technology companies alike. Improved access to care in Telerehabilitation enables patients in remote or underserved areas to receive quality rehabilitation services without the need to travel long distances. Cost-effectiveness is for both patients and healthcare providers, telerehabilitation can reduce travel expenses and overhead costs associated with traditional in-person therapy sessions. Convenience and flexibility are Patients can receive rehabilitation services from the comfort of their homes, and healthcare providers can offer services at flexible hours. Enhanced monitoring and compliance Telehealth platforms often come with tools for monitoring patient progress and providing personalized treatment plans, which can lead to better patient compliance and outcomes. Telerehabilitation is the use of information and communication technologies to offer rehabilitation services. It enables healthcare practitioners to assess, diagnose, and treat patients without requiring an in-person visit. Webcams, videoconferencing tools, asynchronous e-visits, virtual check-ins, remote assessments of recorded films or photos, and telephonic assessment and management services are examples of tools that may be utilised to treat patients. The rising need for physical treatment, occupational therapy, and speech therapy drives the telerehabilitation market size. Furthermore, prominent companies are investing in R&D for better telerehabilitation advanced technologies to reduce chronic illness rates, which is fuelling market growth. Furthermore, the expansion of telecommunications networks and the decrease in healthcare costs are expected to fuel industrial growth.

MARKET DYNAMICS

DRIVERS:

  • Patients are increasingly looking for healthcare services that are handy and easy to get.

  • The increased prevalence of chronic diseases and disabilities is the primary driving force behind this industry.

The increasing prevalence of chronic conditions, disabilities, and injuries necessitates a greater demand for rehabilitation services. Telerehabilitation can help reach a broader patient population, especially those in remote or underserved areas.

RESTRAIN:

  • Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.

  • Resistance to Change is the biggest restraint of this market.

Some patients and healthcare professionals may be hesitant to adopt telehealth solutions, including telerehabilitation, due to a preference for traditional in-person care or concerns about technology replacing human interaction.

OPPORTUNITY:

  • The telerehabilitation market still has considerable room for growth and penetration.

  • Addressing Healthcare Disparities is the biggest opportunity in the Telerehabilitation Market.

Telerehabilitation can help bridge the gap in healthcare access, especially in underserved and remote areas where access to specialized rehabilitation services may be limited. By reaching a broader patient population, telerehabilitation can contribute to reducing healthcare disparities.

CHALLENGES:

  • Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.

  • Addressing Healthcare Disparities is the biggest opportunity in the Telerehabilitation Market.

Although many insurance providers have expanded coverage for telehealth services, reimbursement policies may still vary, and some may not fully cover telerehabilitation services. This can impact the financial viability and adoption of telehealth practices.

IMPACT OF RUSSIAN UKRAINE WAR

The 2022 Russia-Ukraine conflict resulted in enormous casualties and the devastation of people's livelihoods. International relief operations, on the other hand, continue, with an emphasis on restoring health and safety to the region. In times of conflict, immediate action is required, and this has provided an opportunity to emphasise. all physicians, medical students, and telemedicine professionals participated in the Ukrainian rescue operations, working with nurses, volunteers, and interested people. Aside from the issue of geographic access, the United States confronts an impending scarcity of healthcare knowledge. According to the American Medical Association, there will be a shortage of between 18000 and 48,500 primary care physicians by 2035. Telemedicine has the ability to alleviate this shortfall by significantly increasing the number of patients who may be seen by a physician, but only if we change our policies to accept it. Telerehabilitation Market goes down by 2-3% in Ukraine Russia war.

IMPACT OF ONGOING RECESSION

The risk of a recession in the next 12-14 months is now 28%, more than twice what it was a year ago. According to economists polled by Reuters, a recession in 2023 is 42% likely. Prices rose 8.1% in 2022 compared to the previous year, the highest yearly increase in 40 years. Inflationary pressures reduce spending power and consumer confidence. Telerehabilitation Market is based on networking, in an ongoing recession, this Market is increasing their product & service price up to 2.4-3.8%.

KEY MARKET SEGMENTS

By Type

  • Services

  • Products

By Application

  • Physical Therapy

  • Occupational Therapy

  • Chronic Diseases

  • Others

By End-User

  • Homecare

  • Healthcare Facilities

Telerehabilitation Market Segmentation Analysis

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

North America: North America controlled the market and earned a profit. North America's supremacy is due to the steady move towards virtual consultation, an increase in the number of e-visits, and the existence of innovative healthcare technology. The Governor of California approved a new bill providing commercial health insurance coverage, which will benefit consumers by improving access to healthcare services and will catalyse the expansion of telehealth technology across the state.

Asia Pacific: Asia Pacific, on the other hand, is expected to have the highest CAGR. The region's high rural population, improving healthcare environment, and rising population awareness are expected to drive telerehabilitation market growth. Because of the large unmet patient population, Latin America, the Middle East, and Africa are likely to increase somewhat in the next years.

Key players

Some major key players in Telerehabilitation Market are American Well, Hinge Health, Inc., Doctor on Demand, Inc., MIRA Rehab Limited, Cisco, Koninklijke Philips N.V, Jintronix, C3O telemedicine, Care Innovation, LLC., NeoRehab and other players.

American Well-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

In 2021: Evolv Rehabilitation Technologies S.L. has supplied virtual rehabilitation equipment to hospitals in New York, London, and Milan that will assist them in providing telerehabilitation services. Exergames, which are videogame-like exercises recommended by therapists, may be performed by patients using the software platform EvolvRehab and a hardware device known as a RehabKit. This technique assisted the organisation in expanding its client base and driving revenue development.

In 2020: Teladoc Health introduced Mental Health Care, a telemedicine service. Employees may use this service to contact psychologists, psychiatrists, and therapists through phone, computer, or mobile apps. This innovative service assisted the organisation in expanding its mental health business and strengthening its market position.

Telerehabilitation Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 4.90 Bn
Market Size by 2031  US$ 13.60  Bn
CAGR   CAGR of 13.6% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Services, Products)
• By Application (Physical Therapy, Occupational Therapy, Chronic Diseases, Others)
• By End-User (Homecare and Healthcare Facilities)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles American Well, Hinge Health, Inc., Doctor on Demand, Inc., MIRA Rehab Limited, Cisco, Koninklijke Philips N.V, Jintronix, C3O telemedicine, Care Innovation, LLC., NeoRehab
Key Drivers • Patients are increasingly looking for healthcare services that are handy and easy to get.
• The increased prevalence of chronic diseases and disabilities is the primary driving force behind this industry.
Market Restraints • Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.
• Resistance to Change is the biggest restraint of this market.

 

Frequently Asked Questions

Ans. The compound annual growth rate for Telerehabilitation Market for the forecast period is 13.6%.

Ans. In 2023, the injectable medication delivery market is expected to be valued at 4.90 billion USD.

Ans. Some market trends include a gradual move towards virtual consulting and strategic expenditures by key companies in developing the industry.

Ans. The market for Ventilator is anticipated to be worth USD 13.60 Billion by 2031.

Ans. The services category is the market's largest by kind.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Telerehabilitation Market Segmentation, By Type
8.1 Services
8.2 Products

9. Telerehabilitation Market Segmentation, By Application
9.1 Physical Therapy
9.2 Occupational Therapy
9.3 Chronic Diseases
9.4 Others

10. Telerehabilitation Market Segmentation, By End-User
10.1 Homecare
10.2 Healthcare Facilities

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Telerehabilitation Market by Country
11.2.2 North America Telerehabilitation Market by Type
11.2.3 North America Telerehabilitation Market by Application
11.2.4 North America Telerehabilitation Market by End-User
11.2.5 USA
11.2.5.1 USA Telerehabilitation Market by Type
11.2.5.2 USA Telerehabilitation Market by Application
11.2.5.3 USA Telerehabilitation Market by End-User
11.2.6 Canada
11.2.6.1 Canada Telerehabilitation Market by Type
11.2.6.2 Canada Telerehabilitation Market by Application
11.2.6.3 Canada Telerehabilitation Market by End-User
11.2.7 Mexico
11.2.7.1 Mexico Telerehabilitation Market by Type
11.2.7.2 Mexico Telerehabilitation Market by Application
11.2.7.3 Mexico Telerehabilitation Market by End-User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Telerehabilitation Market by Country
11.3.1.2 Eastern Europe Telerehabilitation Market by Type
11.3.1.3 Eastern Europe Telerehabilitation Market by Application
11.3.1.4 Eastern Europe Telerehabilitation Market by End-User
11.3.1.5 Poland
11.3.1.5.1 Poland Telerehabilitation Market by Type
11.3.1.5.2 Poland Telerehabilitation Market by Application
11.3.1.5.3 Poland Telerehabilitation Market by End-User
11.3.1.6 Romania
11.3.1.6.1 Romania Telerehabilitation Market by Type
11.3.1.6.2 Romania Telerehabilitation Market by Application
11.3.1.6.4 Romania Telerehabilitation Market by End-User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Telerehabilitation Market by Type
11.3.1.7.2 Turkey Telerehabilitation Market by Application
11.3.1.7.3 Turkey Telerehabilitation Market by End-User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Telerehabilitation Market by Type
11.3.1.8.2 Rest of Eastern Europe Telerehabilitation Market by Application
11.3.1.8.3 Rest of Eastern Europe Telerehabilitation Market by End-User
11.3.2 Western Europe
11.3.2.1 Western Europe Telerehabilitation Market by Country
11.3.2.2 Western Europe Telerehabilitation Market by Type
11.3.2.3 Western Europe Telerehabilitation Market by Application
11.3.2.4 Western Europe Telerehabilitation Market by End-User
11.3.2.5 Germany
11.3.2.5.1 Germany Telerehabilitation Market by Type
11.3.2.5.2 Germany Telerehabilitation Market by Application
11.3.2.5.3 Germany Telerehabilitation Market by End-User
11.3.2.6 France
11.3.2.6.1 France Telerehabilitation Market by Type
11.3.2.6.2 France Telerehabilitation Market by Application
11.3.2.6.3 France Telerehabilitation Market by End-User
11.3.2.7 UK
11.3.2.7.1 UK Telerehabilitation Market by Type
11.3.2.7.2 UK Telerehabilitation Market by Application
11.3.2.7.3 UK Telerehabilitation Market by End-User
11.3.2.8 Italy
11.3.2.8.1 Italy Telerehabilitation Market by Type
11.3.2.8.2 Italy Telerehabilitation Market by Application
11.3.2.8.3 Italy Telerehabilitation Market by End-User
11.3.2.9 Spain
11.3.2.9.1 Spain Telerehabilitation Market by Type
11.3.2.9.2 Spain Telerehabilitation Market by Application
11.3.2.9.3 Spain Telerehabilitation Market by End-User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Telerehabilitation Market by Type
11.3.2.10.2 Netherlands Telerehabilitation Market by Application
11.3.2.10.3 Netherlands Telerehabilitation Market by End-User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Telerehabilitation Market by Type
11.3.2.11.2 Switzerland Telerehabilitation Market by Application
11.3.2.11.3 Switzerland Telerehabilitation Market by End-User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Telerehabilitation Market by Type
11.3.2.12.2 Austria Telerehabilitation Market by Application
11.3.2.12.3 Austria Telerehabilitation Market by End-User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Telerehabilitation Market by Type
11.3.2.13.2 Rest of Western Europe Telerehabilitation Market by Application
11.3.2.13.3 Rest of Western Europe Telerehabilitation Market by End-User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Telerehabilitation Market by Country
11.4.2 Asia-Pacific Telerehabilitation Market by Type
11.4.3 Asia-Pacific Telerehabilitation Market by Application
11.4.4 Asia-Pacific Telerehabilitation Market by End-User
11.4.5 China
11.4.5.1 China Telerehabilitation Market by Type
11.4.5.2 China Telerehabilitation Market by Application
11.4.5.3 China Telerehabilitation Market by End-User
11.4.6 India
11.4.6.1 India Telerehabilitation Market by Type
11.4.6.2 India Telerehabilitation Market by Application
11.4.6.3 India Telerehabilitation Market by End-User
11.4.7 japan
11.4.7.1 Japan Telerehabilitation Market by Type
11.4.7.2 Japan Telerehabilitation Market by Application
11.4.7.3 Japan Telerehabilitation Market by End-User
11.4.8 South Korea
11.4.8.1 South Korea Telerehabilitation Market by Type
11.4.8.2 South Korea Telerehabilitation Market by Application
11.4.8.3 South Korea Telerehabilitation Market by End-User
11.4.9 Vietnam
11.4.9.1 Vietnam Telerehabilitation Market by Type
11.4.9.2 Vietnam Telerehabilitation Market by Application
11.4.9.3 Vietnam Telerehabilitation Market by End-User
11.4.10 Singapore
11.4.10.1 Singapore Telerehabilitation Market by Type
11.4.10.2 Singapore Telerehabilitation Market by Application
11.4.10.3 Singapore Telerehabilitation Market by End-User
11.4.11 Australia
11.4.11.1 Australia Telerehabilitation Market by Type
11.4.11.2 Australia Telerehabilitation Market by Application
11.4.11.3 Australia Telerehabilitation Market by End-User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Telerehabilitation Market by Type
11.4.12.2 Rest of Asia-Pacific Telerehabilitation Market by Application
11.4.12.3 Rest of Asia-Pacific Telerehabilitation Market by End-User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Telerehabilitation Market by Country
11.5.1.2 Middle East Telerehabilitation Market by Type
11.5.1.3 Middle East Telerehabilitation Market by Application
11.5.1.4 Middle East Telerehabilitation Market by End-User
11.5.1.5 UAE
11.5.1.5.1 UAE Telerehabilitation Market by Type
11.5.1.5.2 UAE Telerehabilitation Market by Application
11.5.1.5.3 UAE Telerehabilitation Market by End-User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Telerehabilitation Market by Type
11.5.1.6.2 Egypt Telerehabilitation Market by Application
11.5.1.6.3 Egypt Telerehabilitation Market by End-User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Telerehabilitation Market by Type
11.5.1.7.2 Saudi Arabia Telerehabilitation Market by Application
11.5.1.7.3 Saudi Arabia Telerehabilitation Market by End-User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Telerehabilitation Market by Type
11.5.1.8.2 Qatar Telerehabilitation Market by Application
11.5.1.8.3 Qatar Telerehabilitation Market by End-User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Telerehabilitation Market by Type
11.5.1.9.2 Rest of Middle East Telerehabilitation Market by Application
11.5.1.9.3 Rest of Middle East Telerehabilitation Market by End-User
11.5.2 Africa
11.5.2.1 Africa Telerehabilitation Market by Country
11.5.2.2 Africa Telerehabilitation Market by Type
11.5.2.3 Africa Telerehabilitation Market by Application
11.5.2.4 Africa Telerehabilitation Market by End-User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Telerehabilitation Market by Type
11.5.2.5.2 Nigeria Telerehabilitation Market by Application
11.5.2.5.3 Nigeria Telerehabilitation Market by End-User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Telerehabilitation Market by Type
11.5.2.6.2 South Africa Telerehabilitation Market by Application
11.5.2.6.3 South Africa Telerehabilitation Market by End-User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Telerehabilitation Market by Type
11.5.2.7.2 Rest of Africa Telerehabilitation Market by Application
11.5.2.7.3 Rest of Africa Telerehabilitation Market by End-User
11.6 Latin America
11.6.1 Latin America Telerehabilitation Market by Country
11.6.2 Latin America Telerehabilitation Market by Type
11.6.3 Latin America Telerehabilitation Market by Application
11.6.4 Latin America Telerehabilitation Market by End-User
11.6.5 Brazil
11.6.5.1 Brazil America Telerehabilitation Market by Type
11.6.5.2 Brazil America Telerehabilitation Market by Application
11.6.5.3 Brazil America Telerehabilitation Market by End-User
11.6.6 Argentina
11.6.6.1 Argentina America Telerehabilitation Market by Type
11.6.6.2 Argentina America Telerehabilitation Market by Application
11.6.6.3 Argentina America Telerehabilitation Market by End-User
11.6.7 Colombia
11.6.7.1 Colombia America Telerehabilitation Market by Type
11.6.7.2 Colombia America Telerehabilitation Market by Application
11.6.7.3 Colombia America Telerehabilitation Market by End-User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Telerehabilitation Market by Type
11.6.8.2 Rest of Latin America Telerehabilitation Market by Application
11.6.8.3 Rest of Latin America Telerehabilitation Market by End-User

12 Company Profile
12.1 American Well
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Hinge Health, Inc
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Doctor on Demand, Inc
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 MIRA Rehab Limited
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Cisco
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Koninklijke Philips N.V.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Jintronix
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 C3O telemedicine
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Care Innovation, LLC
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 NeoRehab
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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