Research Methodology on Laboratory Equipment Market
A comprehensive research methodology is employed to garner and obtain relevant and valuable insights into the global laboratory equipment market, which centres on three important phases, namely secondary research, primary research, and expert panel reviews. During the secondary research phase, information is collected through reliable industry databases like directories, sociological studies, and trade journals. Valuable data points are also collated from trusted and reliable sources such as company websites, statistical databases, product literature, and press releases.
Furthermore, the primary research phase involves in-depth interviews with an array of industry stakeholders, including customer care personnel, distributors, opinion leaders, and suppliers. The research team also conducted interviews with experienced industry veterans and C-level executives of leading manufacturers and distributors. All the acquired data points add value to this report as it provides economical and up-to-date information about the global laboratory equipment market.
Data validation of the acquired and collected figures is carried out by technically validating them with the help of a basic triangulation research approach and analyzing the opinions of experts and industry veterans. Further analysis of the data points is conducted through the use of Porter’s Five Forces model and market attractiveness analysis. To ensure the authenticity of the information acquired, we conducted surveys and interviews with primary and secondary sources including expert opinion leaders and potential users. The obtained figures are consolidated after considering various parameters such as the weighted average cost of capital, weighted average free cash flow and industrial outlook. In addition, the global laboratory equipment market has been forecasted for 2023-2030, along with estimated revenues, for a better understanding of the market trend.
The study also provides details of the impact of the COVID-19 pandemic on all the sections and segments of the laboratory equipment market. The expert panel reviews were undertaken to ensure the complete reliability and accuracy of the data points. This panel – comprising of renowned and eminent industry personnel, market experts, and industry veterans, along with investors, taking into consideration the view of both buyers and suppliers – analyzed individual figures and obtained insights into the future path of the laboratory equipment market.
The report also sheds light on the value chain of the laboratory equipment market covering details such as suppliers and distributors, raw materials, manufacturers, capacity analysis, product specifications, and cost structure. The report also covers sales & marketing and technological trends in the laboratory equipment market.
The report informs readers about the trend analysis and the current and expected market scenario.
To deduce the forecasting figures, the research team has used the highest industry size and revenue estimates for the industry. Furthermore, it also covers in-depth economic analysis focusing on government subsidy development, regional and international policy framework, healthcare infrastructure and regulatory landscape. The report also covers manufacturing cost structure, the type of materials used, and other industry data points. The research team analyzed the drivers, restraints, opportunities, and challenges associated with the global laboratory equipment market. A thorough evaluation was done of the competitive landscape, along with Porter’s Five Forces model and market attractiveness analysis. Furthermore, the report covers the discussion of past and present trends associated with the laboratory equipment industry, along with macro and microeconomic forecasts and their analysis from 2023 to 2030.