An American multinational computer technology corporation was interested in enteringthe clinical trial software market. The main objective of the research was to track developments in the global clinical trial softwaremarket. The client was primarily interested in market data about recent advancements in AI-enabled robotics and total investments in this area. The company was also looking for the year-on-year growth of this technology and its adoption regionally.
The study was conducted in several phases, which are briefly discussed below.
Our research team studied the market dynamics, including drivers, restraints, opportunities, and ongoing trends, through exhaustive secondary research to gain a clear market understanding of the various initiatives undertaken by market players.
Based on the data collected from secondary research, we conducted a company market share analysis based on thetechnical features of the software, price, strategic initiatives by the market player, technological platform, and financial performance.
We provided basic data on the prices of various available clinical trial software solutions in the market. We also provided data on recent advancements in the area of clinical trial management software. Our research also helped the client understand the price differenceamong the available software.
Our report on clinical trial management software helped the client in understanding the existing competition and new entrants' marketing strategies. The data also helped the client in determining competitive pricing for its potential clinical trial software.
A robotic system manufacturer hadsignificantlyinvested in artificial intelligence. The client approached Straits Researchfor market data on AI-enabled robotic systems.They were primarily interested in market data aboutthe recent advancements in AI-enabled robotics and total investments in this area. The company was also looking for the year-on-year growth of this technology and its adoption regionally.
We studied the market dynamics, including drivers, restraints, opportunities, and challenges, to identify which factors were positively and negatively influencing the market. We also studied the past, current, and future trends in the market to gain a deeper understanding of the market growth prospects.
AI-enabled medical robotics is a dynamic field. Straits Research conducted primary research to secure protected and sensitive data from industry experts and analyze investments in the market, based on the General Data Protection Regulation (GDPR) and similar guidelines. We also collected data on investments from our trusted paid partners that track private investments in healthcare.
We employed a data triangulation method involving a top-down and bottom-up approach and analyzed company market sharesto derive market estimates on AI-enabled medical robotics. The year-on-year market growth rate was determined after studying the parent and ancillary markets and analyzing micro- and macro-environmental factors.
Our report helped the client in understanding the overall market traction, market dynamics, and total investments, in turn, helping them derive potential return on investment. We also helped them understand the industry lifecycle, whether the market is in the introductory, growth, maturity, or declinephase.