Global Cobalt-60 Market, By Type (High Specific Activity Cobalt-60, and General Cobalt-60); By Application (Medical, Industrial, Agriculture, Scientific Research, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC2186
  • Available Format: PDF
  • Page: 165

Research Methodology

BlueWeave Consulting uses a comprehensive and iterative research technique focused on minimizing deviation to deliver the most accurate estimations and forecasts possible. Hoovers, Bloomberg BusinessWeek, Factiva, ICIS, and OneSource are a few examples of secondary sources, directories, and databases used in market research. Exhaustive secondary research was conducted to gather insights on the market, peer, and parent markets. The next step was to conduct primary research with industry experts across the value chain to confirm the findings, assumptions, and sizing. For segmenting & estimating quantitative aspects of the market, the company employs a combination of bottom-up and top-down methodologies. Furthermore, data triangulation, which examines the market from three different angles, is a recurring theme in our research studies. Critical elements in the methodology employed for all our studies include:

Preliminary Data Mining

On a large scale study, raw market data is gathered and evaluated. Company information can be found in annual reports, press releases, investor presentations, white papers, and articles from reputable authors and databases as secondary sources of data. Only validated and authenticated sources are examined and used for the market engineering process (including calculations for market data, market breakdown, market size estimations, and market prediction, among other things). Furthermore, data is mined through a variety of reports in our repository and a number of well-known premium databases. We collect data from raw material distributors, suppliers  and purchasers to gain a comprehensive market picture.  Technical information is also acquired from intellectual property, with a focus on white space and freedom of movement. The dynamics of the industry in terms of drivers, restraints, and pricing patterns are also gathered. As a result, the material created has a diverse set of original data that is subsequently cross-validated and certified against publicly available sources.

 

Statistical Model

Simulation models are used to generate our market estimates and projections. Each study has its model, which is tailored to it. Market dynamics, the technology landscape, application development, and pricing trends are all entered into the model and assessed simultaneously. These variables are compared, and their impact across the forecast period is quantified using correlation, regression, and time series analysis. Market forecasting is done using a mix of economic techniques, technology analysis, and industry experience, and domain expertise.

Some of the parameters considered during the forecasting include:

  • Market drivers and restraints, as well as their current and future implications
  • Current capacity and planned capacity increases up to 2027
  • Raw material scenario and supply vs. pricing trends
  • Regulatory scenario and expected changes

We assign weights to various parameters to calculate an estimated market growth rate and use weighted average analysis to assess their market influence.

 

Primary Validation

This is the last phase in our report estimation and forecasting. To validate our findings and assumptions utilized to get them, we undertake extensive primary interviews, both face to face and over the phone. To ensure a complete and unbiased picture of the market, interviewees are sought from top organizations across the value chain, including technology providers, suppliers, domain experts and consumers. Primary interviews aid in data validation and provide crucial insights into the market, present business conditions, and future expectations, thereby improving the quality of our reports. Following is the breakdown of primary respondents:

Data Triangulation

The market was divided into many segments and sub-segments once the overall market size was determined utilizing the above-mentioned market size estimation methodologies. The data triangulation and market breakdown techniques were used, when applicable, to complete the entire market engineering process & arrive at the exact statistics of each market segment and sub-segment. The information was triangulated by looking at various elements and trends on both the demand and supply sides.

Available Customizations

BlueWeave Consulting provides customizations based on the specific needs of businesses and market data.

The following customization options are feasible for the report:

Segmental Analysis

  • Further addition or breakdown of any segment or sub-segment, besides product analysis can be given for a detailed comparison of the product portfolio of players

Regional Analysis

  • Further breakdown of the market, by country

Company Information

  • Any required add-on of specific market players with their detailed analysis.