Over the period, the contribution of North America, Latin America and Europe have been decreasing while the contribution of Asia and Middle East and Africa has been growing. Asia offers the brightest growth prospects for this market, owing to the increasing development and rising population.
Research Methodology Used:
Several statistical methods such Covariance, Correlation, Regression and Coefficient of Determination (R square) analysis are used to assess the industry performance and analyze the future outlook of the industry.
We also analyze several socio-economic, demographic, political, and regulatory market factors which directly or indirectly affect the industry performance by indicating their degree of impact in the cause and effect relationship between them. The reason for selected these macro-economic and industry factors are also explained.
The research team builds a multi factor regression model by first identifying the correlation (whether linear or non-linear) between the dependent and independent variables.
After calculating the degree and strength of relationship between the variables, the regression model is used to calculate the sensitivity of each factor on the dependent variable. Finally, the expected value and sensitivity of the independent variable is used to determine the future value of dependent variable.
Data Collection Methods:
In terms of data collection, the report has used both primary and secondary data sources.
Secondary Data Sources: Secondary data sources includes the analysis of existing macro economic and demographic factors, obtained from national statistics of several countries and from magazines, journals and online articles The secondary data sources are used to form the initial perception and contention on several forces playing their role in determining the future growth in the industry.
Primary Data Sources: Structured interviews are conducted through telecon and emails with several industry veterans including major decision makers of companies operating in the sector, representatives of several associations and research institute and industry veterans. These interviews help the research team to authenticate the data collected from secondary data sources and to reject or accept the hypothesis regarding the future projections.
About AM Mindpower Solutions
AM Mindpower Solutions is a market research company which offers global industry market research analysis report and industry forecast. We have core expertise in evaluating several industries and verticals including pharmaceutical industry research report, insurance report, apparel industry report and healthcare marketing research report.
We also offer insight in mergers and acquisitions and Venture Capital & Private Equity Investment landscape pertaining to India across sectors such as Education, E-Commerce, Food & Beverages and Healthcare among others.
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