Global Market Research Company US Global Beauty Devices Market, 2024 Research Report | Page 14

Research Methodology
Respondents were asked about the current and future market growth rates, market shares by purpose, by distribution channel, by each region.
Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were
considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by purpose, by distribution channel, by region and by company were calculated based on the responses received through primary
surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of beauty
devices servicing different purposes. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion
leaders after eliminating the outliers.
Methodology Followed for Forecasting:
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TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
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Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Beauty
Devices market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
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