The Clopidogrel Market is expected to register a CAGR of 10% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (5mg, 75 mg, 300 mg); and Applications (Hospitals, Private Clinics, Retail Pharmacies, Online Pharmacies, Others). The global analysis is broken down at the regional level and for major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Clopidogrel 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.
Clopidogrel Market Segmentation
Type- 5mg
- 75 mg
- 300 mg
- Hospitals
- Private Clinics
- Retail Pharmacies
- Online Pharmacies
Strategic Insights
Clopidogrel Market Growth Drivers- Rising Incidence of Cardiovascular Diseases: The rising rate of cardiovascular diseases (CVDs) is one of the major growth factors for the Clopidogrel market. Cardiovascular conditions such as coronary artery disease (CAD), heart attack, stroke, and acute coronary syndrome (ACS) are still the most prevalent cause of death in the world. More than 17 million people die from CVDs a year, according to the World Health Organization (WHO), and the figure is growing as people age, eat poorly, live sedentary lives, and use tobacco more widely. As the world’s population gets older, cardiovascular diseases are going to increase, and that means more patients will need drugs such as Clopidogrel. It’s a major antiplatelet agent that reduces the formation of platelets and consequently decreases the probability of strokes and heart attacks in patients with ACS or post-PCI. The more people with cardiovascular conditions become diagnosed and the more physicians promote prevention and early intervention, the more need there is for Clopidogrel. It’s likely to be most dramatic in aging societies and populations with rising prevalence of hypertension, diabetes, and high cholesterol. Clopidogrel’s blood clotting activity and prevention of thrombosis in high-risk patients are key to curbing cardiovascular disease in the world. Thus, the rise in the number of cardiovascular diseases in the world is a major reason behind the growth of the Clopidogrel market and it will drive the market in the coming years.
- Increased Awareness of Cardiovascular Health: Efforts to promote cardiovascular health across the globe have increased. Public health initiatives to teach people how to prevent heart disease, how early diagnosis can save lives, and how to live healthy lives are driving the market in a major way. More people are taking control of their heart disease, and many patients at risk for CVDs are looking for prevention. Clopidogrel, which is the standard secondary prevention therapy in stroke, heart attack, or coronary artery disease patients, has been promoted on this basis. Second, as public health initiatives tell patients that antiplatelet therapy helps prevent cardiovascular disease, demand for Clopidogrel is increasing. As the importance of preventive cardiovascular care becomes increasingly understood, doctors now recommend drugs such as Clopidogrel to high-risk thrombotic patients. The resulting awareness correlates directly to a larger market for Clopidogrel as patients become more educated and actively looking for prevention strategies. Then there’s the growing focus on treating heart disease both medically and lifestyle-wise, which will keep the antiplatelet therapies market moving.
- Advancements in Combination Therapy: Combination therapy is a leading driver in the Clopidogrel market. Clopidogrel and other medicines like aspirin were found to be highly effective at preventing thrombotic events. Clopidogrel-aspirin dual antiplatelet therapy (DAPT) has long been known to lower the risk of ACS, stroke, and percutaneous coronary intervention (PCI). DAPT can be especially helpful for patients with stent placement or coronary intervention since DAPT keeps blood clots at the stent site from occurring. Therefore, Clopidogrel has become more widely used in combination regimens designed to offer more comprehensive coverage against cardiovascular events. As more people choose combination therapies that have greater therapeutic efficacy, the demand for Clopidogrel will continue to grow – in higher-risk patient populations such as patients with diabetes, hypertension, or chronic heart disease. Combination treatments with Clopidogrel and upcoming medicines also promise better patient care to propel the Clopidogrel market’s development.
- Growing Demand for Dual Antiplatelet Therapy (DAPT): Clopidogrel market is developing a new trend called generic Clopidogrel across the globe. Since the patents of the original branded version of Clopidogrel had already expired, generics were readily available at a much lower cost and the medication was more accessible to a wider range of people. Generic Clopidogrel has turned the tables on the world, especially in developing countries where cost plays an important role in restricting access to life-saving drugs. Generic Clopidogrel has the same clinical efficacy and safety profile as the branded version and so, does not interfere with the same therapeutic effect. Generic Clopidogrel is affordable, and it’s used by healthcare systems, insurers, and patients. As more patients avail treatment at lower cost, the demand for Clopidogrel in new markets like India, China, and Brazil is going to increase. These are the same places where cardiovascular disease has been rising, and generic Clopidogrel should make the drug reach far and wide. Because generic Clopidogrel is so inexpensive, it is also the treatment of choice in most healthcare facilities across the globe, especially in low-income countries. Given the rising need for cardiovascular care, generic Clopidogrel will be instrumental in the next few years as well.
- Development of Novel Antiplatelet Drugs: The widespread use of dual antiplatelet therapy (DAPT) is a different market trend impacting the Clopidogrel market. DAPT – usually Clopidogrel and aspirin – is commonly used for coronary stent placement, angioplasty, and other types of interventional procedures to minimize the chance of thrombosis and recurrent heart attacks. Study after study has shown that DAPT is more effective than monotherapy in protecting against heart attack, stroke, and other thrombotic events. With the rise of coronary interventions such as PCI worldwide in both elderly and high-risk populations, the demand for DAPT will increase too. The Clopidogrel market will be helped by the increased adoption of dual antiplatelet therapy in patients with ACS or cardiovascular events in the past. Further, as clinical guidelines for cardiovascular disease therapy push the importance of combination therapy in maximizing patient outcomes, Clopidogrel will remain an essential component of DAPT, and continue to be a top-rated antiplatelet drug in worldwide treatment regimens.
- Increasing Adoption of Generic Clopidogrel: One of the leading trends in the Clopidogrel market is the decline of generic Clopidogrel. As patents for branded Clopidogrel expired, generic drug manufacturers developed cheaper versions of the medication. Generic Clopidogrel is much more accessible and now it is not just for low-income or developing countries, the cost is an intractable obstacle to accessing care. The FDA says generic Clopidogrel is just as effective and safe as branded products and is thus appealing to healthcare systems and patients alike. This is especially true in new markets like Asia-Pacific, Africa, and Latin America where demand for affordable cardiology drugs is increasing rapidly. Generic alternatives are projected to remain the market-driving factor, with an increasing number of patients and healthcare providers turning to cheaper alternatives without sacrificing the treatment effectiveness. Generic Clopidogrel, also making lifesaving drugs more accessible globally, has reduced deaths from cardiovascular disease.
- Higher adoption of Preventive Medicine and Screening Services: One of the recent clopidogrel market opportunities is rising adoption of preventive medicine and screening services. And with cardiovascular disease (CVDs) remaining the world’s leading cause of death, prevention and early detection are more important than ever. Governments, non-governmental organisations and healthcare facilities worldwide have given health screening the highest priority to spot those at risk for CVDs and are prescribing preventative therapies like Clopidogrel. Programmes that are designed to identify early onset high blood pressure, diabetes, cholesterol changes and other risk factors provide a chance for intervention. Once patients are classified as high-risk, clinicians are prone to dispense drugs like Clopidogrel to prevent heart attack and stroke. Prevention therapies involving the use of Clopidogrel in the treatment regimes are set to increase as more people worldwide come to understand the value of cardiovascular health. What’s more, as more people get routine blood tests and heart exams, even more people may be put on Clopidogrel to avoid complications. It’s happening more and more in the developed world with good health systems but it’s also taking place more and more in the developing world where access to healthcare is improving. Thus, Clopidogrel market can benefit a lot from the increasing focus on cardiovascular disease prevention and early diagnosis, driving the drug demand.
- Increased Interest on Aging Patients and Preventive Cardiovascular Disease: Another major opportunity in the Clopidogrel market is the increasing interest on aging patients and the increased interest on cardiovascular disease prevention. As the world’s population gets older, especially in North America, Europe and Asia-Pacific, heart disease, stroke and hypertension are on the rise. People are prone to CVDs in their elderly years, and medical infrastructures are working to offer effective interventions to combat them. A preventive medication, clopidogrel aids in secondary prevention by reducing the risk of future cardiovascular events in patients who have had prior myocardial infarction (MI), stroke or other thrombotic events. Clopidogrel is prescribed in older people who are prone to co-morbidities such as diabetes and high cholesterol, to minimise complications. As life expectancy increases and aging populations increase, so will the need for cardiovascular therapies in both primary care and long-term care. More notably, providers focus more and more on geriatric medicine as they realize that elderly patients are different and their cardiovascular health should be addressed. The pattern will continue to motivate Clopidogrel as part of a more general cardiovascular management for the elderly. This ageing population and the prevention of cardiovascular disease is an attractive growth for the Clopidogrel market as the drug is still an integral part of the regimens designed to improve patient outcomes and quality of life in seniors.
- Increase in Clopidogrel Use In Combination Therapies: The other major growth driver for Clopidogrel market is its rise in usage in combination therapies for cardiovascular diseases. Double antiplatelet therapy (DAPT) — sometimes combining Clopidogrel with aspirin — is a popular treatment to prevent thrombosis in patients with acute coronary syndrome (ACS) or in patients undergoing coronary procedures such as angioplasty or stent placement. As interventions in cardiology become more common, it is increasingly important to have combinations that are also better protected against heart attacks, strokes and stent thrombosis. Meanwhile, new combination treatments using Clopidogrel along with newer antiplatelet drugs or anticoagulants are opening up new possibilities for healthcare providers to help the patient. These combination therapies will only increase in usage in high-risk patients requiring intensive treatment plans. This trend is fuelled by data that shows combination therapies work to reduce cardiovascular mortality and complications. This means Clopidogrel’s potential for use in DAPT and other combination therapies will continue to grow, which means more patients will need effective cardiovascular care can be reached with the drug. Clopidogrel will continue to gain market share, and its continued growth, especially in patients with complex or high-risk cardiovascular disorders.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Clopidogrel 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 Clopidogrel 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
Have a question?

Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities

Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
This text is related
to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Clopidogrel Market is estimated to witness a CAGR of 10% from 2025 to 2031.
The major factors driving the Clopidogrel Market are Rising Incidence of Cardiovascular Diseases, Increased Awareness of Cardiovascular Health, and Advancements in Combination Therapy.
Future trends in the Clopidogrel Market are Increasing Adoption of Generic Clopidogrel, Growing Demand for Dual Antiplatelet Therapy (DAPT), and Development of Novel Antiplatelet Drugs.
Some of the players operating in the market are Aurobindo Pharma, Bristol-Myers Squibb Company, Lepu Medical Technology, Mylan N.V., Roxane Laboratories, Sanofi, Shenzhen salubris pharmaceuticals Limited, Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals, Torrent Pharma
The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.
Some customization options available based on the request are an additional 3–5 company profiles and a 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Clopidogrel Market - By Type
1.3.2 Clopidogrel Market - By Applications
1.3.3 Clopidogrel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLOPIDOGREL 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. CLOPIDOGREL 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CLOPIDOGREL MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOPIDOGREL - GLOBAL MARKET OVERVIEW
6.2. CLOPIDOGREL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOPIDOGREL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 5MG
7.3.1. Overview
7.3.2. 5mg Market Forecast and Analysis
7.4. 75 MG
7.4.1. Overview
7.4.2. 75 mg Market Forecast and Analysis
7.5. 300 MG
7.5.1. Overview
7.5.2. 300 mg Market Forecast and Analysis
8. CLOPIDOGREL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. PRIVATE CLINICS
8.4.1. Overview
8.4.2. Private Clinics Market Forecast and Analysis
8.5. RETAIL PHARMACIES
8.5.1. Overview
8.5.2. Retail Pharmacies Market Forecast and Analysis
8.6. ONLINE PHARMACIES
8.6.1. Overview
8.6.2. Online Pharmacies Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CLOPIDOGREL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Clopidogrel Market Overview
9.1.2 North America Clopidogrel Market Forecasts and Analysis
9.1.3 North America Clopidogrel Market Forecasts and Analysis - By Type
9.1.4 North America Clopidogrel Market Forecasts and Analysis - By Applications
9.1.5 North America Clopidogrel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Clopidogrel Market
9.1.5.1.1 United States Clopidogrel Market by Type
9.1.5.1.2 United States Clopidogrel Market by Applications
9.1.5.2 Canada Clopidogrel Market
9.1.5.2.1 Canada Clopidogrel Market by Type
9.1.5.2.2 Canada Clopidogrel Market by Applications
9.1.5.3 Mexico Clopidogrel Market
9.1.5.3.1 Mexico Clopidogrel Market by Type
9.1.5.3.2 Mexico Clopidogrel Market by Applications
9.2. EUROPE
9.2.1 Europe Clopidogrel Market Overview
9.2.2 Europe Clopidogrel Market Forecasts and Analysis
9.2.3 Europe Clopidogrel Market Forecasts and Analysis - By Type
9.2.4 Europe Clopidogrel Market Forecasts and Analysis - By Applications
9.2.5 Europe Clopidogrel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Clopidogrel Market
9.2.5.1.1 Germany Clopidogrel Market by Type
9.2.5.1.2 Germany Clopidogrel Market by Applications
9.2.5.2 France Clopidogrel Market
9.2.5.2.1 France Clopidogrel Market by Type
9.2.5.2.2 France Clopidogrel Market by Applications
9.2.5.3 Italy Clopidogrel Market
9.2.5.3.1 Italy Clopidogrel Market by Type
9.2.5.3.2 Italy Clopidogrel Market by Applications
9.2.5.4 Spain Clopidogrel Market
9.2.5.4.1 Spain Clopidogrel Market by Type
9.2.5.4.2 Spain Clopidogrel Market by Applications
9.2.5.5 United Kingdom Clopidogrel Market
9.2.5.5.1 United Kingdom Clopidogrel Market by Type
9.2.5.5.2 United Kingdom Clopidogrel Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Clopidogrel Market Overview
9.3.2 Asia-Pacific Clopidogrel Market Forecasts and Analysis
9.3.3 Asia-Pacific Clopidogrel Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Clopidogrel Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Clopidogrel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Clopidogrel Market
9.3.5.1.1 Australia Clopidogrel Market by Type
9.3.5.1.2 Australia Clopidogrel Market by Applications
9.3.5.2 China Clopidogrel Market
9.3.5.2.1 China Clopidogrel Market by Type
9.3.5.2.2 China Clopidogrel Market by Applications
9.3.5.3 India Clopidogrel Market
9.3.5.3.1 India Clopidogrel Market by Type
9.3.5.3.2 India Clopidogrel Market by Applications
9.3.5.4 Japan Clopidogrel Market
9.3.5.4.1 Japan Clopidogrel Market by Type
9.3.5.4.2 Japan Clopidogrel Market by Applications
9.3.5.5 South Korea Clopidogrel Market
9.3.5.5.1 South Korea Clopidogrel Market by Type
9.3.5.5.2 South Korea Clopidogrel Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Clopidogrel Market Overview
9.4.2 Middle East and Africa Clopidogrel Market Forecasts and Analysis
9.4.3 Middle East and Africa Clopidogrel Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Clopidogrel Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Clopidogrel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Clopidogrel Market
9.4.5.1.1 South Africa Clopidogrel Market by Type
9.4.5.1.2 South Africa Clopidogrel Market by Applications
9.4.5.2 Saudi Arabia Clopidogrel Market
9.4.5.2.1 Saudi Arabia Clopidogrel Market by Type
9.4.5.2.2 Saudi Arabia Clopidogrel Market by Applications
9.4.5.3 U.A.E Clopidogrel Market
9.4.5.3.1 U.A.E Clopidogrel Market by Type
9.4.5.3.2 U.A.E Clopidogrel Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Clopidogrel Market Overview
9.5.2 South and Central America Clopidogrel Market Forecasts and Analysis
9.5.3 South and Central America Clopidogrel Market Forecasts and Analysis - By Type
9.5.4 South and Central America Clopidogrel Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Clopidogrel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Clopidogrel Market
9.5.5.1.1 Brazil Clopidogrel Market by Type
9.5.5.1.2 Brazil Clopidogrel Market by Applications
9.5.5.2 Argentina Clopidogrel Market
9.5.5.2.1 Argentina Clopidogrel Market by Type
9.5.5.2.2 Argentina Clopidogrel Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CLOPIDOGREL MARKET, KEY COMPANY PROFILES
11.1. AUROBINDO PHARMA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRISTOL-MYERS SQUIBB COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LEPU MEDICAL TECHNOLOGY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MYLAN N.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ROXANE LABORATORIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SANOFI
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHENZHEN SALUBRIS PHARMACEUTICALS LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUN PHARMACEUTICAL INDUSTRIES LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TEVA PHARMACEUTICALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TORRENT PHARMA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aurobindo Pharma
2. Bristol-Myers Squibb Company
3. Lepu Medical Technology
4. Mylan N.V.
5. Roxane Laboratories
6. Sanofi
7. Shenzhen salubris pharmaceuticals Limited
8. Sun Pharmaceutical Industries Ltd.
9. Teva Pharmaceuticals
10. Torrent Pharma
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.