Straits Research

Straits Research is a globally recognized market research and market intelligence organization that excels in research, analytics, and advisory services. Their unwavering dedication to providing invaluable business insights, top-notch information publishing services, and all-encompassing market research reports has solidified their position as industry frontrunners.

At Straits Research, they possess a profound comprehension of consumer behavior, global markets, and cutting-edge research methodologies, enabling them to broaden their knowledge base consistently. Their team possesses diverse expertise, spanning end-to-end business research and multi-geography data collection across various domains. Drawing on over 75 years of combined experience, they provide premium qualitative insights into consumer preferences, regulatory landscapes, technological advancements, and quantitative insights into industry market size, the global economic scenario, and revenue opportunities.

At Straits Research, they pride themselves on their unparalleled ability to provide you with real-time market insights at your fingertips. They offer comprehensive studies on products, key developments, services, technologies, applications, end-users, market dynamics, and market players for global, regional, and country-level market segments. Straits' dedicated team focuses extensively on market dynamics and diligently identifies new opportunities for their clients to capitalize on. Their client base includes Fortune 500 companies and small and large enterprises, demonstrating their ability to cater to diverse business needs.

What solutions will the clients get:

• Identify the key areas of competition and determine the critical success factors that provide a competitive advantage.
• Analyze the market to identify gaps, opportunities, and the driving factors behind its growth.
• Determine the high-growth segments and lucrative market opportunities, and segment the market based on applications, products, services, ingredients, technologies, and stakeholders.
• Provide market estimates and forecasts to evaluate the performance of different markets, distinguishing between those performing well and those underperforming.
• Assess the competitive landscape by identifying the main players in each market segment and analyzing their key products, strategic directives, operational strengths, and product pipelines.
• Track the activities and initiatives undertaken by various companies to understand their strategies and industry involvement.

Research Approach:

The market estimates undergo a thorough verification process to ensure accuracy and reliability, which involves calculating the market penetration factor for the parent markets to validate the total market estimates. Primary interviews with key industry experts are conducted to confirm the market penetration factor and validate the assumptions made while estimating the market size for both the base and forecast years.

The top-down approach is utilized to validate the numbers, considering the market share and revenues of prominent players, particularly in non-fragmented markets. Additionally, the bottom-up approach estimates units for equipment, procedures, surgeries, and other relevant factors.

Furthermore, a comprehensive verification of market size is conducted by assessing total average spending, target population, and user base specific to the product or service under consideration. Multiple-level market breakdowns are performed, encompassing submarket numbers, which offer more than 25 checkpoints to ensure the accuracy of the estimates.