The Analgesic Creams Market is expected to register a CAGR of 6.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Analgesic Creams Market report covers segmental analysis by Type (Prescription Pain Relief, Over-the-counter (OTC) Pain Relief); by Therapeutic Class (Opioids, Non-opioids); Distribution Channel (Pharmacies and Drug Stores, E-Commerce, Retail and Grocery Stores), and Geography (North America, Europe, Asia Pacific, and South and Central America). The global analysis is further broken down at the regional level and major countries. The report Offers the Value in US$ for the above analysis and segments.
Purpose of the ReportThe report Analgesic Creams Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Analgesic Creams Market Segmentation
Type- Prescription Pain Relief
- Over-the-counter Pain Relief
- Opioids
- Non-opioids
- Pharmacies and Drug Stores
- E-Commerce
- Retail and Grocery Stores
Strategic Insights
Analgesic Creams Market Growth Drivers- Increasing Prevalence of Chronic Pain: The rising incidence of chronic pain conditions, such as arthritis, muscle strains, and back pain, is a significant factor fueling the growth of the Analgesic Creams Market. As more individuals seek non-invasive, accessible solutions for pain management, analgesic creams offer a convenient and effective alternative to oral medications. This growing demand is boosting the market, particularly among aging populations and active adults.
- Shift Towards Topical Pain Relief Solutions: There is a clear market trend towards topical pain relief products as consumers become more cautious about the side effects associated with oral medications, such as gastrointestinal issues. Analgesic creams are increasingly being favored due to their localized effect, which targets the area in pain directly without affecting the entire system. This shift is contributing to the expansion of the Analgesic Creams Market.
- Rising Demand for Natural and Herbal Remedies: With the growing awareness of natural wellness and a shift toward holistic health practices, consumers are gravitating towards Analgesic Creams that contain natural or herbal ingredients. The demand for creams formulated with menthol, camphor, arnica, and CBD (cannabidiol) is rising. These ingredients are believed to offer soothing and anti-inflammatory benefits, thus fueling the market growth of natural and organic analgesic products.
- Expansion of CBD and Cannabinoid-based Analgesic Creams: The increasing acceptance and legalization of cannabis across various regions will drive a rise in Analgesic Creams infused with cannabidiol (CBD) and other cannabinoids. With a growing body of evidence supporting the therapeutic benefits of CBD for pain relief and inflammation, the future will see more companies integrating this ingredient into their formulations. The cannabinoid-based segment will likely become a dominant force within the Analgesic Creams Market, catering to consumers seeking natural, plant-based pain relief solutions.
- Increased Focus on Clinical Efficacy and Transparency: Consumers are becoming more informed and selective about the products they use, and this trend is expected to influence the Analgesic Creams Market in the future. Brands will likely face increased pressure to provide clinical evidence and transparency regarding the efficacy of their products. This trend will push companies to conduct more rigorous testing and clinical trials, ensuring that Analgesic Creams deliver on their promises, which in turn will enhance consumer trust and drive market growth.
- Rise in Combination Formulas for Multi-symptom Relief: Future Analgesic Creams will likely feature combination formulas designed to address multiple symptoms at once. For example, creams that combine pain relief with anti-inflammatory, moisturizing, or muscle-soothing properties will become more prevalent. These multifunctional creams will appeal to consumers looking for a single solution that can address a range of needs, making them an attractive option for the market’s growth.
- Expanding Product Lines with Specialized Formulations: One of the significant opportunities in the Analgesic Creams Market lies in the development of specialized formulations. Tailoring analgesic creams for specific pain types—such as joint, muscle, or nerve pain—will address a more precise consumer need. Additionally, offering formulations that incorporate ingredients for additional benefits like skin hydration, anti-aging, or relaxation could broaden the appeal of these products, opening doors to niche markets and attracting consumers seeking multifunctional solutions.
- Growing Demand for Natural and Organic Ingredients: Consumers are increasingly shifting toward natural and organic products as part of their wellness lifestyle. This trend presents an opportunity for the Analgesic Creams Market to capitalize on the demand for products made from plant-based ingredients like arnica, menthol, camphor, and CBD (cannabidiol). Companies can position their analgesic creams as part of the natural wellness movement, catering to consumers who prefer clean, eco-conscious, and holistic solutions for pain relief.
- Collaborations with Fitness and Wellness Brands: As the wellness and fitness industries continue to thrive, there's an opportunity for Analgesic Creams to collaborate with fitness brands, gyms, and sports organizations. Offering analgesic creams as part of post-workout recovery routines or incorporating them into sports recovery kits could tap into the growing demand for products that assist with muscle soreness, inflammation, and injury prevention. This collaboration could drive awareness and increase market penetration in the fitness-conscious consumer base.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Analgesic Creams Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Analgesic Creams Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Analgesic Creams Market is expected to register a CAGR of 6.5% from 2025-2031.
The major factors impacting the Analgesic Creams Market are: #Increasing Prevalence of Chronic Pain, Shift Towards Topical Pain Relief Solutions and Rising Demand for Natural and Herbal Remedies
Key future trends in this market are - Expansion of CBD and Cannabinoid-based Analgesic Creams, Increased Focus on Clinical Efficacy and Transparency and Rise in Combination Formulas for Multi-symptom Relief
Key companies of this market are: Novartis AG, GlaxoSmithKline Plc., Pfizer Inc., Sanofi S.A., Sun Pharmaceutical Industries Ltd., Johnson and Johnson, Reckitt Benckiser Group Plc., Topical BioMedics, Inc., AdvaCare Pharma #Nestle S.A.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Analgesic Creams Market - By Type
1.3.2 Analgesic Creams Market - By By Therapeutic Class
1.3.3 Analgesic Creams Market - By Distribution Channel
1.3.4 Analgesic Creams Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ANALGESIC CREAMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ANALGESIC CREAMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ANALGESIC CREAMS MARKET - GLOBAL MARKET ANALYSIS
6.1. ANALGESIC CREAMS - GLOBAL MARKET OVERVIEW
6.2. ANALGESIC CREAMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ANALGESIC CREAMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PRESCRIPTION PAIN RELIEF
7.3.1. Overview
7.3.2. Prescription Pain Relief Market Forecast and Analysis
7.4. OVER-THE-COUNTER (OTC) PAIN RELIEF
7.4.1. Overview
7.4.2. Over-the-counter (OTC) Pain Relief Market Forecast and Analysis
8. ANALGESIC CREAMS MARKET - REVENUE AND FORECASTS TO 2028 - BY THERAPEUTIC CLASS
8.1. OVERVIEW
8.2. BY THERAPEUTIC CLASS MARKET FORECASTS AND ANALYSIS
8.3. OPIOIDS
8.3.1. Overview
8.3.2. Opioids Market Forecast and Analysis
8.4. NON-OPIOIDS
8.4.1. Overview
8.4.2. Non-opioids Market Forecast and Analysis
9. ANALGESIC CREAMS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. PHARMACIES AND DRUG STORES
9.3.1. Overview
9.3.2. Pharmacies and Drug Stores Market Forecast and Analysis
9.4. E-COMMERCE
9.4.1. Overview
9.4.2. E-Commerce Market Forecast and Analysis
9.5. RETAIL AND GROCERY STORES
9.5.1. Overview
9.5.2. Retail and Grocery Stores Market Forecast and Analysis
10. ANALGESIC CREAMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Analgesic Creams Market Overview
10.1.2 North America Analgesic Creams Market Forecasts and Analysis
10.1.3 North America Analgesic Creams Market Forecasts and Analysis - By Type
10.1.4 North America Analgesic Creams Market Forecasts and Analysis - By By Therapeutic Class
10.1.5 North America Analgesic Creams Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Analgesic Creams Market Forecasts and Analysis - By Countries
10.1.6.1 United States Analgesic Creams Market
10.1.6.1.1 United States Analgesic Creams Market by Type
10.1.6.1.2 United States Analgesic Creams Market by By Therapeutic Class
10.1.6.1.3 United States Analgesic Creams Market by Distribution Channel
10.1.6.2 Canada Analgesic Creams Market
10.1.6.2.1 Canada Analgesic Creams Market by Type
10.1.6.2.2 Canada Analgesic Creams Market by By Therapeutic Class
10.1.6.2.3 Canada Analgesic Creams Market by Distribution Channel
10.1.6.3 Mexico Analgesic Creams Market
10.1.6.3.1 Mexico Analgesic Creams Market by Type
10.1.6.3.2 Mexico Analgesic Creams Market by By Therapeutic Class
10.1.6.3.3 Mexico Analgesic Creams Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Analgesic Creams Market Overview
10.2.2 Europe Analgesic Creams Market Forecasts and Analysis
10.2.3 Europe Analgesic Creams Market Forecasts and Analysis - By Type
10.2.4 Europe Analgesic Creams Market Forecasts and Analysis - By By Therapeutic Class
10.2.5 Europe Analgesic Creams Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Analgesic Creams Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Analgesic Creams Market
10.2.6.1.1 Germany Analgesic Creams Market by Type
10.2.6.1.2 Germany Analgesic Creams Market by By Therapeutic Class
10.2.6.1.3 Germany Analgesic Creams Market by Distribution Channel
10.2.6.2 France Analgesic Creams Market
10.2.6.2.1 France Analgesic Creams Market by Type
10.2.6.2.2 France Analgesic Creams Market by By Therapeutic Class
10.2.6.2.3 France Analgesic Creams Market by Distribution Channel
10.2.6.3 Italy Analgesic Creams Market
10.2.6.3.1 Italy Analgesic Creams Market by Type
10.2.6.3.2 Italy Analgesic Creams Market by By Therapeutic Class
10.2.6.3.3 Italy Analgesic Creams Market by Distribution Channel
10.2.6.4 Spain Analgesic Creams Market
10.2.6.4.1 Spain Analgesic Creams Market by Type
10.2.6.4.2 Spain Analgesic Creams Market by By Therapeutic Class
10.2.6.4.3 Spain Analgesic Creams Market by Distribution Channel
10.2.6.5 United Kingdom Analgesic Creams Market
10.2.6.5.1 United Kingdom Analgesic Creams Market by Type
10.2.6.5.2 United Kingdom Analgesic Creams Market by By Therapeutic Class
10.2.6.5.3 United Kingdom Analgesic Creams Market by Distribution Channel
10.2.6.6 Rest of Europe Analgesic Creams Market
10.2.6.6.1 Rest of Europe Analgesic Creams Market by Type
10.2.6.6.2 Rest of Europe Analgesic Creams Market by By Therapeutic Class
10.2.6.6.3 Rest of Europe Analgesic Creams Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Analgesic Creams Market Overview
10.3.2 Asia-Pacific Analgesic Creams Market Forecasts and Analysis
10.3.3 Asia-Pacific Analgesic Creams Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Analgesic Creams Market Forecasts and Analysis - By By Therapeutic Class
10.3.5 Asia-Pacific Analgesic Creams Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Analgesic Creams Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Analgesic Creams Market
10.3.6.1.1 Australia Analgesic Creams Market by Type
10.3.6.1.2 Australia Analgesic Creams Market by By Therapeutic Class
10.3.6.1.3 Australia Analgesic Creams Market by Distribution Channel
10.3.6.2 China Analgesic Creams Market
10.3.6.2.1 China Analgesic Creams Market by Type
10.3.6.2.2 China Analgesic Creams Market by By Therapeutic Class
10.3.6.2.3 China Analgesic Creams Market by Distribution Channel
10.3.6.3 India Analgesic Creams Market
10.3.6.3.1 India Analgesic Creams Market by Type
10.3.6.3.2 India Analgesic Creams Market by By Therapeutic Class
10.3.6.3.3 India Analgesic Creams Market by Distribution Channel
10.3.6.4 Japan Analgesic Creams Market
10.3.6.4.1 Japan Analgesic Creams Market by Type
10.3.6.4.2 Japan Analgesic Creams Market by By Therapeutic Class
10.3.6.4.3 Japan Analgesic Creams Market by Distribution Channel
10.3.6.5 South Korea Analgesic Creams Market
10.3.6.5.1 South Korea Analgesic Creams Market by Type
10.3.6.5.2 South Korea Analgesic Creams Market by By Therapeutic Class
10.3.6.5.3 South Korea Analgesic Creams Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Analgesic Creams Market
10.3.6.6.1 Rest of Asia-Pacific Analgesic Creams Market by Type
10.3.6.6.2 Rest of Asia-Pacific Analgesic Creams Market by By Therapeutic Class
10.3.6.6.3 Rest of Asia-Pacific Analgesic Creams Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Analgesic Creams Market Overview
10.4.2 Middle East and Africa Analgesic Creams Market Forecasts and Analysis
10.4.3 Middle East and Africa Analgesic Creams Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Analgesic Creams Market Forecasts and Analysis - By By Therapeutic Class
10.4.5 Middle East and Africa Analgesic Creams Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Analgesic Creams Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Analgesic Creams Market
10.4.6.1.1 South Africa Analgesic Creams Market by Type
10.4.6.1.2 South Africa Analgesic Creams Market by By Therapeutic Class
10.4.6.1.3 South Africa Analgesic Creams Market by Distribution Channel
10.4.6.2 Saudi Arabia Analgesic Creams Market
10.4.6.2.1 Saudi Arabia Analgesic Creams Market by Type
10.4.6.2.2 Saudi Arabia Analgesic Creams Market by By Therapeutic Class
10.4.6.2.3 Saudi Arabia Analgesic Creams Market by Distribution Channel
10.4.6.3 U.A.E Analgesic Creams Market
10.4.6.3.1 U.A.E Analgesic Creams Market by Type
10.4.6.3.2 U.A.E Analgesic Creams Market by By Therapeutic Class
10.4.6.3.3 U.A.E Analgesic Creams Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Analgesic Creams Market
10.4.6.4.1 Rest of Middle East and Africa Analgesic Creams Market by Type
10.4.6.4.2 Rest of Middle East and Africa Analgesic Creams Market by By Therapeutic Class
10.4.6.4.3 Rest of Middle East and Africa Analgesic Creams Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Analgesic Creams Market Overview
10.5.2 South and Central America Analgesic Creams Market Forecasts and Analysis
10.5.3 South and Central America Analgesic Creams Market Forecasts and Analysis - By Type
10.5.4 South and Central America Analgesic Creams Market Forecasts and Analysis - By By Therapeutic Class
10.5.5 South and Central America Analgesic Creams Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Analgesic Creams Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Analgesic Creams Market
10.5.6.1.1 Brazil Analgesic Creams Market by Type
10.5.6.1.2 Brazil Analgesic Creams Market by By Therapeutic Class
10.5.6.1.3 Brazil Analgesic Creams Market by Distribution Channel
10.5.6.2 Argentina Analgesic Creams Market
10.5.6.2.1 Argentina Analgesic Creams Market by Type
10.5.6.2.2 Argentina Analgesic Creams Market by By Therapeutic Class
10.5.6.2.3 Argentina Analgesic Creams Market by Distribution Channel
10.5.6.3 Rest of South and Central America Analgesic Creams Market
10.5.6.3.1 Rest of South and Central America Analgesic Creams Market by Type
10.5.6.3.2 Rest of South and Central America Analgesic Creams Market by By Therapeutic Class
10.5.6.3.3 Rest of South and Central America Analgesic Creams Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ANALGESIC CREAMS MARKET, KEY COMPANY PROFILES
12.1. NOVARTIS AG
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. GLAXOSMITHKLINE PLC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. PFIZER INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SANOFI S.A.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SUN PHARMACEUTICAL INDUSTRIES LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. JOHNSON AND JOHNSON
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. RECKITT BENCKISER GROUP PLC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TOPICAL BIOMEDICS, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ADVACARE PHARMA
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NESTLE S.A.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
- Novartis AG
- GlaxoSmithKline Plc.
- Pfizer Inc.
- Sanofi S.A.
- Sun Pharmaceutical Industries Ltd.
- Johnson and Johnson
- Reckitt Benckiser Group Plc.
- Topical BioMedics, Inc.
- AdvaCare Pharma
- Nestle S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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