Insights + Market Data

Our approach

In developing market size and growth estimates, TDA leverages its knowledge of scientific market, including well-established benchmarks, industry trade (US import/export) data and key macroeconomic indicators. The top-down approach involves defining the global market for lab instrumentation and applying various ratios and filters that continually reduces the figure to an estimation of the net market. TDA validates data primarily through interviewing suppliers and other experts in the field, analyzing financial data, and pouring over publicly available information.

TDA’s bottom-up analysis identifies the customer segments for scientific technologies. While there may be many areas for error due to the nature of our assumptions made during the research of this report, we believe the triangulation of data from varied resources increases our level of confidence, and that the estimates are an accurate representation of the market opportunity.