The Asia Pacific sleep apnea devices market is expected to reach US$ 963.4 Mn in 2025 from US$ 502.9 Mn in 2017. The market is estimated to grow with a CAGR of 8.3% from 2018-2025.
The growth of the market is driven by the factors such as, increased usage of oral devices and growing advanced technology. However, the market is likely to get impacted due to increasing prevalence of sleep disorder in the region.
The prevalence of sleep disorders has been increasing in the region. Therefore, the sleep centers are expanding in the hospitals and private care environment to meet the demands. However, the number of sleep centers and caregivers in the region is not sufficient. Many sleep disorders are chronic and require continuous treatment and monitoring of therapy success. Thus, the cost-efficient technologies for the initial diagnosis and for follow-up monitoring of treatment are important. Many new advanced methods for recording sleep and diagnosing sleep disorders have been developed. For instance, wireless recording of sleep and related biosignals allows diagnostic tools and therapy follow-ups.
In order for a better understanding of the pathophysiology of sleep disorders, sleep research requires new technologies to investigate underlying mechanisms in the regulation of sleep. Home recording and non-obtrusive recording over extended periods of time with telemedicine methods support this research. In addition, growing advances in techniques comprise development and application of portable equipment. For instance, these portable equipment allows HSAT (Home sleep apnea testing) systems that allow patients to enter sleep times manually. This will further allow the assessment software to adjust the calculation of directories of respiratory events for corrected sleep duration. Some other systems assess sleep times indirectly by an additional light or activity monitoring. All of these portable systems are called HSAT or polygraphy (PG) in Asia Pacific. Owing to the above mentioned factors, the sleep apnea market is anticipated to significantly grow in the region.
China is expected to lead the market in the Asia Pacific region owing to focus on increase in the number of people receiving medical care for sleep apnea, with an increasing awareness about the sleep apnea disorders. Additionally, geriatric population will stimulate the growth pension and health industry in China and thereby create growth opportunities for market players. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Asia Pacific region during the forecast period.
China Sleep Apnea Devices Market Revenue and Forecasts to 2025 (US$ Mn)
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ASIA PACIFIC SLEEP APNEA DEVICES - MARKET SEGMENTATION
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By Diagnostic Devices
• Polysomnography Devices• Respiratory Polygraphs• Actigraphy systems• Oximeters
By Therapeutic Devices
• Facial Interfaces• Adaptive Servo-Ventilation Instruments (ASV)• Positive Airway Pressure (PAP) Devices• Oxygen Concentrators• Airway Clearance Systems• Oral Appliances• Accessories
By End User
• Home Healthcare• Sleep Laboratories and Hospitals
By Geography
• Asia Pacific• China• Japan• India
Company Profiles
• RedMed• Koninklijke Philips N.V.• Braebon Medical Corporation• Compumedics Limited• BMC Medical Co., Ltd.• Fisher & Paykel Healthcare Limited.• SomnoMed Limited• Weinmann Emergency Medical Technology GmbH CO. KG• Devilbiss Healthcare LLC.• Whole You, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Diagnostic Devices, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
PART 1. iNTRODUCTION. 17
1.1 Scope of the Study. 17
1.2 The Insight Partners Research Report Guidance. 17
PART 2. Asia Pacific SLEEP APNEA DEVICES Market – Key takeaways. 19
PART 3. Asia Pacific sleep apnea devices – market landscape. 23
3.1 overview... 23
3.2 market segmentation.. 24
3.2.1 Asia Pacific Sleep Apnea Devices Market – By Diagnostic Devices. 25
3.2.2 Asia Pacific Sleep Apnea Devices Market – By Therapeutic Devices. 25
3.2.3 Asia Pacific Sleep Apnea Devices Market – By End User 26
3.2.4 Asia Pacific Sleep Apnea Devices Market – By Country. 26
3.3 PEST Analysis. 27
PART 4. Asia Pacific sleep apnea devices-Key Market Dynamics. 29
4.1 Key Market Drivers. 29
4.1.1 Increased Usage of Oral Devices. 29
4.1.2 Growing Advanced Technology. 29
4.2 Key Market Restraints. 30
4.2.1 Increasing Prevalence of Sleep Disorder 30
4.3 Key Market Opportunities. 31
4.3.1 Emerging Markets in Developing Countries. 31
4.4 future Trends. 31
4.4.1 Merger Activities. 31
4.5 Impact analysis. 33
PART 5. SLEEP APNEA DEVICES market – Asia Pacific Analysis. 34
5.1 Asia Pacific SLEEP APNEA DEVICES market Revenue Forecasts and Analysis. 34
5.2 Market positioning/ market share. 35
5.3 PERFORMANCE OF KEY PLAYERS. 35
5.3.1 ResMed. 35
5.3.2 Koninklijke Philips N.V. 36
5.4 expert opinions. 37
PART 6. Asia Pacific SLEEP APNEA DEVICES market – Regulatory Scenario. 38
6.1 Asia Pacific.. 38
6.1.1 Japan. 38
6.1.2 China. 40
6.1.3 India. 41
PART 7. Asia Pacific SLEEP APNEA DEVICES market Analysis – By diagnostic devices. 42
7.1 Overview... 42
7.2 Asia Pacific SLEEP APNEA DEVICES MARKET, BY diagnostic devices, 2017 & 2025 (%) 42
7.3 Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By diagnostic devices (US$ Mn) 43
7.4 Asia Pacific SLEEP APNEA DEVICES market volume And Forecasts to 2025, By diagnostic devices (000’Units) 43
7.5 polysomnography devices market. 44
7.5.1 Overview.. 44
7.5.2 Asia Pacific Polysomnography Devices Market Revenue and Forecasts to 2025 (US$ Mn) 44
7.6 Respiratory polygraphs market. 46
7.6.1 Overview.. 46
7.6.2 Asia Pacific Respiratory Polygraph Market Revenue and Forecasts to 2025 (US$ Mn) 46
7.7 oximeters Market. 48
7.7.1 Overview.. 48
7.7.2 Asia Pacific Oximeters Market Revenue and Forecasts to 2025 (US$ Mn) 48
7.8 actigraphy systems market. 50
7.8.1 Overview.. 50
7.8.2 Asia Pacific Actigraphy Systems Market Revenue and Forecasts to 2025 (US$ Mn) 50
PART 8. Asia Pacific sleep apnea devices market Analysis – By Therapeutic Devices. 52
8.1 Overview... 52
8.2 Asia Pacific SLEEP APNEA DEVICES MARKET, BY Therapeutic Devices, 2017 & 2025 (%) 52
8.3 Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By Therapeutic Devices (US$ Mn) 53
8.4 Asia Pacific SLEEP APNEA DEVICES market volume And Forecasts to 2025, By Therapeutic Devices (000’ Units) 54
8.5 Facial Interfaces market. 55
8.5.1 Overview.. 55
8.5.2 Asia Pacific Facial Interfaces Market Revenue and Forecasts to 2025 (US$ Mn) 55
8.6 Adaptive Servo-Ventilation Instruments (ASV)market. 57
8.6.1 Overview.. 57
8.6.2 Asia Pacific Adaptive Servo-Ventilation Instruments (ASV) Market Revenue and Forecasts to 2025 (US$ Mn) 57
8.7 Positive Airway Pressure (PAP) Devices Market. 59
8.7.1 Overview.. 59
8.7.2 Asia Pacific Positive Airway Pressure (PAP) Devices Market Revenue and Forecasts to 2025 (US$ Mn) 59
8.8 Adaptive Oxygen Concentrators market. 61
8.8.1 Overview.. 61
8.8.2 Asia Pacific Oxygen Concentrators Market Revenue and Forecasts to 2025 (US$ Mn) 61
8.9 Airway Clearance Systems market. 63
8.9.1 Overview.. 63
8.9.2 Asia Pacific Airway Clearance Systems Market Revenue and Forecasts to 2025 (US$ Mn) 63
8.10 Oral Appliances market. 65
8.10.1 Overview.. 65
8.10.2 Asia Pacific Oral Appliances Market Revenue and Forecasts to 2025 (US$ Mn) 65
8.11 Accessories market. 67
8.11.1 Overview.. 67
8.11.2 Asia Pacific Accessories Market Revenue and Forecasts to 2025 (US$ Mn) 67
PART 9. Asia Pacific sleep apnea devices market Analysis – By End User. 68
9.1 Overview... 68
9.2 Asia Pacific SLEEP APNEA DEVICES MARKET, BY end user, 2017 & 2025 (%) 68
9.3 Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By end user (US$ Mn) 69
9.4 home healthcare Market. 70
9.4.1 Overview.. 70
9.4.2 Asia Pacific Home Healthcare Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.5 sleep laboratories & hospitals Market. 72
9.5.1 Overview.. 72
9.5.2 Asia Pacific Sleep Laboratories & Hospitals Market Revenue and Forecasts to 2025 (US$ Mn) 72
PART 10. Asia Pacific sleep apnea devices market Revenue and Forecasts to 2025. 74
10.1 Overview... 74
10.2 Asia Pacific SLEEP APNEA DEVICES market Revenue and Forecasts to 2025 (US$ Mn) 75
10.3 japan sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 79
10.4 china sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 83
10.5 india sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 87
PART 11. sleep apnea devices Market – Industry Landscape. 91
11.1 Overview... 91
11.2 Growth Strategies in the SLEEP APNEA DEVICES Market, 2016-2018.. 91
11.3 Organic Growth Strategies. 92
11.3.1 Overview.. 92
11.4 Organic Growth Strategies in the SLEEP APNEA DEVICES Market, 2016-2018.. 92
11.5 Product Launch.. 93
11.5.1 Recent Product Launch by Players in the Sleep Apnea Devices Market 93
11.6 Expansion.. 94
11.6.1 Recent Expansion by Players in the Sleep Apnea Devices Market 94
11.7 Product development. 95
11.7.1 Recent Product Developments by Players in the Sleep Apnea Devices Market 95
11.8 Inorganic Growth Strategies. 96
11.8.1 Overview.. 96
11.8.2 Agreement 97
11.8.3 Acquisitions. 97
PART 12. sleep apnea devices market – Key company profiles. 98
12.1 Braebon Medical Corporation.. 98
12.1.1 Key Facts. 98
12.1.2 Business Description. 99
12.1.3 Financial Overview.. 99
12.1.4 Product Portfolio. 99
12.1.5 SWOT Analysis. 100
12.1.6 Key Developments. 100
12.2 Compumedics Limited.. 101
12.2.1 Key Facts. 101
12.2.2 Business Description. 101
12.2.3 Financial Overview.. 102
12.2.4 Product Portfolio. 102
12.2.5 SWOT Analysis. 103
12.2.6 Key Developments. 103
12.3 BMC Medical Co., Ltd. 104
12.3.1 Key Facts. 104
12.3.2 Business Description. 104
12.3.3 Financial Overview.. 105
12.3.4 Product Portfolio. 105
12.3.5 SWOT Analysis. 106
12.3.6 Key Developments. 106
12.4 Fisher & Paykel Healthcare Limited.. 107
12.4.1 Key Facts. 107
12.4.2 Business Description. 107
12.4.3 Financial Overview.. 108
12.4.4 Product Portfolio. 109
12.4.5 SWOT Analysis. 109
12.4.6 Key Developments. 110
12.5 RESMED INC. 111
12.5.1 Key Facts. 111
12.5.2 Business Description. 111
12.5.3 Financial Overview.. 112
12.5.4 Product Portfolio. 113
12.5.5 SWOT Analysis. 113
12.5.6 Key Developments. 114
12.6 SomnoMed LIMITED.. 115
12.6.1 Key Facts. 115
12.6.2 Business Description. 115
12.6.3 Financial Overview.. 116
12.6.4 Product Portfolio. 117
12.6.5 SWOT Analysis. 117
12.6.6 Key Developments. 118
12.7 WEINMANN Emergency Medical Technology GmbH + Co. KG.. 119
12.7.1 Key Facts. 119
12.7.2 Business Description. 119
12.7.3 Financial Overview.. 120
12.7.4 Product Portfolio. 120
12.7.5 SWOT Analysis. 121
12.7.6 Key Developments. 121
12.8 Devilbiss Healthcare LLC.. 122
12.8.1 Key Facts. 122
12.8.2 Business Description. 122
12.8.3 Financial Overview.. 123
12.8.4 Product Portfolio. 123
12.8.5 SWOT Analysis. 123
12.8.6 Key Developments. 124
12.9 Koninklijke Philips N.V. 125
12.9.1 Key Facts. 125
12.9.2 Business Description. 125
12.9.3 Financial Overview.. 126
12.9.4 Product Portfolio. 127
12.9.5 SWOT Analysis. 128
12.9.6 Key Developments. 128
12.10 Whole You, Inc. 129
12.10.1 Key Facts. 129
12.10.2 Business Description. 129
12.10.3 Financial Overview (Mitsui Chemicals Inc.) 130
12.10.4 Product Portfolio. 131
12.10.5 SWOT Analysis. 131
12.10.6 Key Developments. 132
PART 13. Appendix. 133
13.1 About The Insight Partners. 133
13.2 Glossary of Terms. 133
13.3 Methodology. 136
13.3.1 Coverage. 138
13.3.2 Secondary Research. 138
13.3.3 Primary Research
list of tables
TABLE 1. prevalence of diabetes IN Asia Pacific countries, 2017. 32
TABLE 2. Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By diagnostic devices (US$ Mn) 43
TABLE 3. Asia Pacific SLEEP APNEA DEVICES market volume And Forecasts to 2025, By diagnostic devices (000’ Units) 43
TABLE 4. Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By Therapeutic Devices (US$ Mn) 53
TABLE 5. Asia Pacific SLEEP APNEA DEVICES market volume And Forecasts to 2025, By Therapeutic Devices (000’ Units) 54
TABLE 6. Asia Pacific SLEEP APNEA DEVICES market Revenue And Forecasts to 2025, By end user (US$ Mn) 69
TABLE 7. ASia Pacific Sleep apnea devices Market Revenue And Forecasts to 2025, By DIGNOSTIC DEVICES (US$ MN) 76
TABLE 8. ASia Pacific Sleep apnea devices Market Volume And Forecasts to 2025, By DIGNOSTIC DEVICES (000’ UNITS) 76
TABLE 9. ASia Pacific Sleep apnea devices Market Revenue And Forecasts to 2025, By Therapeutic Devices (US$ Mn) 77
TABLE 10. ASia Pacific Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (000’ UNITS) 77
TABLE 11. ASia Pacific Sleep apnea devices Market Revenue And Forecasts to 2025, By End User (US$ Mn) 78
TABLE 12. Japan Sleep apnea devices Market Revenue And Forecasts to 2025, By DIGNOSTIC DEVICES (US$ MN) 80
TABLE 13. Japan Sleep apnea devices Market Volume And Forecasts to 2025, By DIGNOSTIC DEVICES (000’ UNITS) 80
TABLE 14. Japan Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (US$ MN) 81
TABLE 15. Japan Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (000’ UNITS) 81
TABLE 16. Japan Sleep apnea devices Market Revenue And Forecasts to 2025, By End User (US$ Mn) 82
TABLE 17. China Sleep apnea devices Market Revenue And Forecasts to 2025, By DIGNOSTIC DEVICES (US$ MN) 84
TABLE 18. China Sleep apnea devices Market Volume And Forecasts to 2025, By DIGNOSTIC DEVICES (000’ UNITS) 85
TABLE 19. China Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (US$ MN) 85
TABLE 20. China Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (000’ UNITS) 86
TABLE 21. China Sleep apnea devices Market Revenue And Forecasts to 2025, By End User (US$ Mn) 86
TABLE 22. India Sleep apnea devices Market Revenue And Forecasts to 2025, By DIGNOSTIC DEVICES (US$ MN) 88
TABLE 23. India Sleep apnea devices Market Volume And Forecasts to 2025, By DIGNOSTIC DEVICES (UNITS) 89
TABLE 24. India Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (US$ MN) 89
TABLE 25. India Sleep apnea devices Market Revenue And Forecasts to 2025, By THERAPEUTIC DEVICES (000’ UNITS) 90
TABLE 26. India Sleep apnea devices Market Revenue And Forecasts to 2025, By End User (US$ Mn) 90
TABLE 27. Recent Product Approvals and Enhancements in the sleep apnea devices Market. 93
TABLE 28. Recent Expansion in the Sleep Apnea Devices Market. 94
TABLE 29. Recent Product Developments in the Sleep Apnea Devices Market. 95
TABLE 30. Recent mergers in the Sleep apnea devices Market. 97
TABLE 31. Recent Acquisitions in the Sleep Apnea Devices Market. 97
TABLE 32. Glossary of Terms, SLEEP APNEA DEVICES market. 133
list of figures
FIGURE 1. China sleep apnea devices market, Revenue (US$ Mn), By COuntry 2018 & 2025. 19
FIGURE 2. Asia Pacific SLEEP APNEA DEVICES Market By diagnostic devices, Market Share (%), 2017. 20
FIGURE 3. Asia Pacific SLEEP APNEA DEVICES Market By therapeutic device, Market Share (%), 2017. 21
FIGURE 4. Asia Pacific sleep laboratories & hospitals Market By end user, Market Share (%), 2017. 22
FIGURE 5. sleep apnea devices market Segmentation.. 24
FIGURE 6. Asia Pacific PEST Analysis. 27
FIGURE 7. sleep apnea devices market impact analysis of drivers & Restraints. 33
FIGURE 8. Asia Pacific SLEEP APNEA DEVICES market – Revenue Forecasts and Analysis – 2017- 2025. 34
FIGURE 9. Asia Pacific sleep apnea devices Market – key market players. 35
FIGURE 10. Asia Pacific SLEEP APNEA DEVICES market, By diagnostic devices, 2017 & 2025 (%) 42
FIGURE 11. Asia Pacific polysomnography devices Market Revenue and Forecasts to 2025 (US$ Mn) 44
FIGURE 12. Asia Pacific polysomnography devices Market Volume and Forecasts to 2025 (000’ Units) 45
FIGURE 13. Asia Pacific respiratory polygraph Market Revenue and Forecasts to 2025 (US$ Mn) 46
FIGURE 14. Asia Pacific respiratory polygraph Market volume and Forecasts to 2025 (000’ Units) 47
FIGURE 15. Asia Pacific oximeters Market Revenue and Forecasts to 2025 (US$ Mn) 48
FIGURE 16. Asia Pacific oximeters Market volume and Forecasts to 2025 (000’ Units) 49
FIGURE 17. Asia Pacific actigraphy systems Market Revenue and Forecasts to 2025 (US$ Mn) 50
FIGURE 18. Asia Pacific actigraphy systems Market volume and Forecasts to 2025 (000’ Units) 51
FIGURE 19. Asia Pacific SLEEP APNEA DEVICES market By Therapeutic Devices, 2017 & 2025 (%) 52
FIGURE 20. Asia Pacific Facial Interfaces market Revenue and Forecasts to 2025 (US$ Mn) 55
FIGURE 21. Asia Pacific Facial Interfaces market VOLUME and Forecasts to 2025 (000’ uNITS) 56
FIGURE 22. Asia Pacific adaptive servo-ventilation instruments (ASV) market Revenue and Forecasts to 2025 (US$ Mn) 57
FIGURE 23. Asia Pacific adaptive servo-ventilation instruments (ASV) market VOLUME and Forecasts to 2025 (000’ uNITS) 58
FIGURE 24. Asia Pacific Positive Airway Pressure (PAP) Devices market Revenue and Forecasts to 2025 (US$ Mn) 59
FIGURE 25. Asia Pacific Positive Airway Pressure (PAP) Devices market volume and Forecasts to 2025 (000’ Units) 60
FIGURE 26. Asia Pacific Oxygen Concentrators market Revenue and Forecasts to 2025 (US$ Mn) 61
FIGURE 27. Asia Pacific Oxygen Concentrators market VOLUME and Forecasts to 2025 (000’ uNITS) 62
FIGURE 28. Asia Pacific Airway Clearance Systems market Revenue and Forecasts to 2025 (US$ Mn) 63
FIGURE 29. Asia Pacific Airway Clearance Systems market VOLUME and Forecasts to 2025 (000’ uNITS) 64
FIGURE 30. Asia Pacific Oral Appliances market Revenue and Forecasts to 2025 (US$ Mn) 65
FIGURE 31. Asia Pacific Oral Appliances market VOLUME and Forecasts to 2025 (000’ uNITS) 66
FIGURE 32. Asia Pacific Accessories market Revenue and Forecasts to 2025 (US$ Mn) 67
FIGURE 33. Asia Pacific SLEEP APNEA DEVICES market By end user, 2017 & 2025 (%) 68
FIGURE 34. Asia Pacific home healthcare Market Revenue and Forecasts to 2025 (US$ Mn) 71
FIGURE 35. Asia Pacific sleep laboratories & hospitals Market Revenue and Forecasts to 2025 (US$ Mn) 73
FIGURE 36. Asia Pacific sleep apnea devices market REVENUE overview, by Country, 2017 (US$ MN) 74
FIGURE 37. Asia Pacific Market Revenue and Forecasts to 2025 (US$ Mn) 75
FIGURE 38. ASia Pacific sleep apnea devices Market, by country (2017 & 2025) 78
FIGURE 39. Japan sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 79
FIGURE 40. China sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 84
FIGURE 41. India sleep apnea devices Market Revenue and Forecasts to 2025 (US$ Mn) 88
FIGURE 42. Growth Strategies in the SLEEP APNEA DEVICES Market, 2016-2018. 91
FIGURE 43. Organic Growth Strategies in the SLEEP APNEA DEVICES Market, 2016-2018. 92
FIGURE 44. Inorganic Growth Strategies in the sleep apnea devices Market, 2016-2018. 96
. 139
The List of Companies
- RedMed
- Koninklijke Philips N.V.
- Braebon Medical Corporation
- Compumedics Limited
- BMC Medical Co., Ltd.
- Fisher & Paykel Healthcare Limited.
- SomnoMed Limited
- Weinmann Emergency Medical Technology GmbH CO. KG
- Devilbiss Healthcare LLC.
- Whole You, Inc.
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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