Key Insights
The United States respiratory devices market, exhibiting a robust CAGR of 6.20% from 2019-2024, is projected to maintain significant growth through 2033. Driven by factors such as the rising prevalence of chronic respiratory diseases like asthma, COPD, and cystic fibrosis, coupled with an aging population increasingly susceptible to these conditions, the market demonstrates strong potential. Technological advancements, including the development of more sophisticated and portable devices, contribute significantly to market expansion. The increasing adoption of home healthcare services further fuels demand for user-friendly, at-home respiratory support systems. While the high cost of advanced devices and treatment remains a constraint, the substantial benefits and improved quality of life they offer are overriding factors, particularly in the context of rising healthcare expenditure. Segment analysis suggests that diagnostic and monitoring devices hold a significant share, reflecting a focus on early detection and disease management. The therapeutic devices segment is also experiencing growth, driven by the need for effective treatment options for severe respiratory conditions. The dominance of hospitals and clinics as end-users is expected to continue, although the home healthcare segment is exhibiting significant growth, reflecting evolving patient preferences and healthcare delivery models.
The competitive landscape is characterized by a mix of established multinational corporations and specialized medical device manufacturers. Key players such as Invacare, ResMed, and Medtronic are leveraging their technological expertise and extensive distribution networks to capture significant market share. Furthermore, the market is witnessing increased innovation in areas like telehealth integration, connected devices, and AI-driven diagnostics, which are further expanding market opportunities and driving the development of more personalized and effective respiratory care solutions. Future growth will depend on continued technological innovation, successful integration of telehealth capabilities into respiratory care, and proactive strategies addressing affordability concerns to ensure broad access to these life-saving technologies. The overall outlook for the U.S. respiratory devices market remains positive, with substantial growth prospects in the foreseeable future.

United States Respiratory Devices Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the United States respiratory devices market, encompassing market dynamics, growth trends, dominant segments, product landscape, key players, and future outlook. The report covers the period from 2019 to 2033, with a focus on the base year 2025 and a forecast period of 2025-2033. The total market size in 2025 is estimated at xx Million units.
United States Respiratory Devices Market Dynamics & Structure
The US respiratory devices market is a complex ecosystem shaped by several interacting factors. Market concentration is moderate, with a few large players and numerous smaller niche companies. Technological innovation, particularly in areas like AI-powered diagnostics and connected devices, is a key driver. Stringent regulatory frameworks from the FDA influence product development and market entry. The market also faces competition from substitute therapies and evolving treatment protocols. End-user demographics, particularly the aging population and the increasing prevalence of chronic respiratory diseases, are strong market growth drivers. M&A activity has been relatively steady in recent years, with xx deals recorded between 2019 and 2024.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share in 2024.
- Technological Innovation: Significant advancements in sensor technology, AI, and connectivity are driving product development.
- Regulatory Framework: FDA approvals and clearances are crucial for market entry, impacting timelines and costs.
- Competitive Substitutes: Alternative therapies and treatment approaches pose competitive pressure.
- End-User Demographics: Aging population and rising prevalence of chronic respiratory diseases fuel demand.
- M&A Trends: Consistent M&A activity, with an average of xx deals annually from 2019-2024.
United States Respiratory Devices Market Growth Trends & Insights
The US respiratory devices market exhibits robust growth, driven by increasing prevalence of respiratory illnesses like COPD, asthma, and cystic fibrosis, alongside a growing geriatric population. The market experienced a CAGR of xx% during the historical period (2019-2024) and is projected to maintain a CAGR of xx% during the forecast period (2025-2033). This growth is fueled by technological advancements leading to improved diagnostics, personalized treatments, and home-based care solutions. Increased adoption of telehealth and remote patient monitoring further contributes to market expansion. Consumer behavior is shifting towards preference for convenient, user-friendly, and technologically advanced devices. Market penetration for key product segments like connected inhalers and home ventilators is expected to rise significantly.

Dominant Regions, Countries, or Segments in United States Respiratory Devices Market
The largest segments within the US respiratory devices market are Therapeutic Devices (xx Million units in 2025), followed by Diagnostic and Monitoring Devices (xx Million units in 2025) and Disposables (xx Million units in 2025). Among end-use segments, Hospitals and Clinics hold the largest market share (xx%), driven by high patient volumes and advanced treatment capabilities. However, the Home Healthcare segment shows the fastest growth rate (xx% CAGR), owing to increasing affordability and preference for convenient home-based care.
- Key Drivers for Therapeutic Devices: High prevalence of chronic respiratory diseases requiring continuous treatment.
- Key Drivers for Diagnostic & Monitoring Devices: Demand for early disease detection and improved patient management.
- Key Drivers for Hospitals & Clinics: High patient volumes, advanced treatment capabilities, and reimbursement policies.
- Key Drivers for Home Healthcare: Increasing affordability, convenience, and preference for home-based care.
United States Respiratory Devices Market Product Landscape
The market offers a wide range of respiratory devices, including inhalers (MDIs, DPIs), nebulizers, ventilators, oxygen therapy equipment, and diagnostic tools like spirometers and pulse oximeters. Recent innovations focus on smart connected devices with remote monitoring capabilities, AI-powered diagnostics, and personalized treatment options. These advancements enhance patient adherence, improve treatment outcomes, and reduce healthcare costs. Key selling propositions include improved user experience, data-driven insights, and seamless integration with electronic health records (EHRs).
Key Drivers, Barriers & Challenges in United States Respiratory Devices Market
Key Drivers: The increasing prevalence of chronic respiratory diseases, technological advancements, rising healthcare expenditure, and favorable regulatory environment are key drivers.
Key Challenges: High cost of advanced devices, reimbursement challenges, stringent regulatory requirements, and supply chain disruptions present significant obstacles. The competitive landscape also poses challenges, with established players facing pressure from new entrants with innovative technologies. Supply chain disruptions have led to xx% increase in device costs in 2024.
Emerging Opportunities in United States Respiratory Devices Market
Emerging opportunities include the integration of AI and machine learning for improved diagnostics and personalized treatment, expansion into untapped markets like rural areas, and development of innovative home-based care solutions. Growing consumer awareness and demand for connected and user-friendly devices presents further opportunities.
Growth Accelerators in the United States Respiratory Devices Market Industry
Technological breakthroughs in areas like AI-powered diagnostics, miniaturization of devices, and improved sensor technology are accelerating market growth. Strategic partnerships between device manufacturers, healthcare providers, and technology companies are fostering innovation and market expansion. The increasing adoption of telehealth and remote patient monitoring also contributes significantly to market growth.
Key Players Shaping the United States Respiratory Devices Market Market
- Invacare Corporation
- Drive Devilbiss International
- ResMed Inc
- GE Healthcare
- Medtronic PLC
- Chart Industries Inc
- Fisher & Paykel Healthcare Limited
- Koninklijke Philips NV
- Drägerwerk AG
- GlaxoSmithKline PLC
Notable Milestones in United States Respiratory Devices Market Sector
- February 2022: Aptar Pharma launches HeroTracker Sense, a smart connected inhaler.
- March 2022: Respira Labs releases Sylvee, an AI-powered wearable lung monitor.
In-Depth United States Respiratory Devices Market Market Outlook
The US respiratory devices market is poised for sustained growth, driven by continued technological advancements, an aging population, and increasing prevalence of respiratory diseases. Strategic partnerships, expansion into new markets, and the development of innovative, user-friendly devices will further fuel market expansion. The market presents significant opportunities for companies offering advanced diagnostic tools, connected devices, and personalized treatment solutions.
United States Respiratory Devices Market Segmentation
-
1. Type
-
1.1. By Diagnostic and Monitoring Devices
- 1.1.1. Spirometers
- 1.1.2. Sleep Test Devices
- 1.1.3. Peak Flow Meters
- 1.1.4. Pulse Oximeters
- 1.1.5. Capnographs
- 1.1.6. Other Diagnostic and Monitoring Devices
-
1.2. By Therapeutic Devices
- 1.2.1. CPAP Devices
- 1.2.2. BiPAP Devices
- 1.2.3. Humidifiers
- 1.2.4. Nebulizers
- 1.2.5. Oxygen Concentrators
- 1.2.6. Ventilators
- 1.2.7. Inhalers
- 1.2.8. Other Therapeutic Devices
-
1.3. By Disposables
- 1.3.1. Masks
- 1.3.2. Breathing Circuits
- 1.3.3. Other Disposables
-
1.1. By Diagnostic and Monitoring Devices
United States Respiratory Devices Market Segmentation By Geography
- 1. United States

United States Respiratory Devices Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.20% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Prevalence of Respiratory Disorders; Technological Advancements; Increasing Application in Homecare Setting
- 3.3. Market Restrains
- 3.3.1. High Cost of Respiratory Device
- 3.4. Market Trends
- 3.4.1. Ventilators Segment is Expected to Show Better Growth in the Forecast Years
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. By Diagnostic and Monitoring Devices
- 5.1.1.1. Spirometers
- 5.1.1.2. Sleep Test Devices
- 5.1.1.3. Peak Flow Meters
- 5.1.1.4. Pulse Oximeters
- 5.1.1.5. Capnographs
- 5.1.1.6. Other Diagnostic and Monitoring Devices
- 5.1.2. By Therapeutic Devices
- 5.1.2.1. CPAP Devices
- 5.1.2.2. BiPAP Devices
- 5.1.2.3. Humidifiers
- 5.1.2.4. Nebulizers
- 5.1.2.5. Oxygen Concentrators
- 5.1.2.6. Ventilators
- 5.1.2.7. Inhalers
- 5.1.2.8. Other Therapeutic Devices
- 5.1.3. By Disposables
- 5.1.3.1. Masks
- 5.1.3.2. Breathing Circuits
- 5.1.3.3. Other Disposables
- 5.1.1. By Diagnostic and Monitoring Devices
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. United States
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.1.1 United States
- 6.1.2 Canada
- 6.1.3 Mexico
- 7. Europe United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.1.1 Germany
- 7.1.2 United Kingdom
- 7.1.3 France
- 7.1.4 Italy
- 7.1.5 Spain
- 7.1.6 Rest of Europe
- 8. Asia Pacific United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.1.1 China
- 8.1.2 Japan
- 8.1.3 India
- 8.1.4 Australia
- 8.1.5 South Korea
- 8.1.6 Rest of Asia Pacific
- 9. Middle East and Africa United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.1.1 GCC
- 9.1.2 South Africa
- 9.1.3 Rest of Middle East and Africa
- 10. South America United States Respiratory Devices Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.1.1 Brazil
- 10.1.2 Argentina
- 10.1.3 Rest of South America
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Invacare Corporation
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Drive Devilbiss International
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 ResMed Inc
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 GE Healthcare
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Medtronic PLC
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Chart Industries Inc
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Fisher & Paykel Healthcare Limited
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Koninklijke Philips NV
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Dragerwerk AG
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 GlaxoSmithKline PLC
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Invacare Corporation
List of Figures
- Figure 1: United States Respiratory Devices Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: United States Respiratory Devices Market Share (%) by Company 2024
List of Tables
- Table 1: United States Respiratory Devices Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: United States Respiratory Devices Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 3: United States Respiratory Devices Market Revenue Million Forecast, by Type 2019 & 2032
- Table 4: United States Respiratory Devices Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 5: United States Respiratory Devices Market Revenue Million Forecast, by Region 2019 & 2032
- Table 6: United States Respiratory Devices Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 7: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 8: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 9: United States United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: United States United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 11: Canada United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Canada United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 13: Mexico United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Mexico United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 15: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 17: Germany United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Germany United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 19: United Kingdom United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: United Kingdom United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 21: France United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: France United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 23: Italy United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Italy United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 25: Spain United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Spain United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 27: Rest of Europe United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Rest of Europe United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 29: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 30: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 31: China United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: China United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 33: Japan United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 34: Japan United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 35: India United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: India United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 37: Australia United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: Australia United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 39: South Korea United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: South Korea United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 41: Rest of Asia Pacific United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: Rest of Asia Pacific United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 43: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 44: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 45: GCC United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: GCC United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 47: South Africa United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: South Africa United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 49: Rest of Middle East and Africa United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Rest of Middle East and Africa United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 51: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 52: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 53: Brazil United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 54: Brazil United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 55: Argentina United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 56: Argentina United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 57: Rest of South America United States Respiratory Devices Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 58: Rest of South America United States Respiratory Devices Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 59: United States Respiratory Devices Market Revenue Million Forecast, by Type 2019 & 2032
- Table 60: United States Respiratory Devices Market Volume K Unit Forecast, by Type 2019 & 2032
- Table 61: United States Respiratory Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 62: United States Respiratory Devices Market Volume K Unit Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the United States Respiratory Devices Market?
The projected CAGR is approximately 6.20%.
2. Which companies are prominent players in the United States Respiratory Devices Market?
Key companies in the market include Invacare Corporation, Drive Devilbiss International, ResMed Inc, GE Healthcare, Medtronic PLC, Chart Industries Inc, Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, Dragerwerk AG, GlaxoSmithKline PLC.
3. What are the main segments of the United States Respiratory Devices Market?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Prevalence of Respiratory Disorders; Technological Advancements; Increasing Application in Homecare Setting.
6. What are the notable trends driving market growth?
Ventilators Segment is Expected to Show Better Growth in the Forecast Years.
7. Are there any restraints impacting market growth?
High Cost of Respiratory Device.
8. Can you provide examples of recent developments in the market?
In February 2022, Aptar Pharma, has launched of HeroTracker Sense, a novel digital respiratory health solution that transforms a standard metered dose inhaler (pMDI) into a smart connected healthcare device.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "United States Respiratory Devices Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the United States Respiratory Devices Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the United States Respiratory Devices Market?
To stay informed about further developments, trends, and reports in the United States Respiratory Devices Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence