The Dengue Vaccine Market is expected to register a CAGR of 11.3% 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 Product (CYD-TDV), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Drug Stores, 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 Dengue Vaccine 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.
Dengue Vaccine Market Segmentation
Product- CYD-TDV
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
Strategic Insights
Dengue Vaccine Market Growth Drivers- Rising Incidence of Dengue Fever: The increasing incidence of dengue fever globally is a key growth driver for the dengue vaccine market. As urbanization and climate change cause an expansion of mosquito populations, dengue fever is becoming more widespread, particularly in tropical and subtropical areas. The World Health Organization (WHO) reports that dengue affects 100-400 million people annually, with significant outbreaks in regions like Southeast Asia, South America, and parts of Africa. This increase in cases has highlighted the urgent need for effective vaccines to prevent the spread of the disease. Rising incidences of severe forms, such as dengue hemorrhagic fever and dengue shock syndrome, are pushing healthcare systems to focus on vaccination as a primary preventative measure. Forecasts predict that as the number of infections continues to rise, demand for vaccines will expand, resulting in a larger market size. Additionally, governments are prioritizing dengue control programs, which increases funding for vaccines and drives their accessibility. The global burden of dengue fever is projected to grow, which means that vaccine development and distribution are expected to see substantial investments, contributing to the expansion of the market. The growing burden on healthcare infrastructure due to dengue will propel the growth of the vaccine market and significantly increase its market share.
- Technological Advancements in Vaccine Development: Technological advancements in vaccine development have been crucial in the growth of the dengue vaccine market. With growing investments in biotechnology and research, new technologies are enabling the creation of more effective, safe, and accessible vaccines. The dengue vaccine market has seen considerable advancements, particularly in the development of vaccines that provide broader protection across the four different serotypes of the dengue virus. For example, Sanofi Pasteur's Dengvaxia, the first licensed dengue vaccine, marked a significant step forward. Furthermore, ongoing research and development are exploring novel vaccine platforms such as mRNA technology and recombinant DNA technologies, which promise higher efficiency and safety. Market forecasts indicate that these innovations will continue to propel the market, allowing for the development of vaccines with improved efficacy and fewer side effects. The trend toward multivalent vaccines that offer protection against all four dengue virus serotypes is also growing, which will help expand the market further. Additionally, advancements in vaccine production techniques, including more cost-effective and scalable manufacturing processes, are expected to lower production costs, making vaccines more accessible to populations in low-income regions. This will increase market penetration in endemic areas where the burden of dengue fever is the highest. Therefore, technological progress in vaccine development continues to be a major driver of market growth.
- Increased Public Awareness and Education on Dengue Fever: Public awareness and education on the dangers of dengue fever are key drivers for the growth of the dengue vaccine market. As dengue outbreaks become more frequent and impactful, public health campaigns aimed at educating individuals about preventive measures, symptoms, and the importance of vaccination are becoming more common. Governments and non-governmental organizations (NGOs) have invested heavily in raising awareness through media, community outreach programs, and educational initiatives. Market forecasts indicate that as more people become aware of the risks associated with dengue and the availability of preventive measures such as vaccines, the demand for vaccines will increase. This trend is expected to drive vaccine adoption rates, particularly in regions where dengue is endemic. The enhanced understanding of dengue fever’s long-term effects and the importance of vaccination in preventing severe illness, such as hemorrhagic fever, is fueling the growth of the dengue vaccine market and encouraging more people to seek vaccination.
- Development of Multivalent Dengue Vaccines: A key trend that is shaping the dengue vaccine market is the development of multivalent vaccines. Traditional vaccines have typically targeted a single serotype of the dengue virus, but researchers are now focusing on multivalent vaccines that can protect against all four serotypes. This is important because infection with one serotype does not provide immunity to the others, and people can be infected multiple times by different serotypes. Multivalent vaccines offer a more comprehensive solution by providing broad protection against all strains of the dengue virus. Market forecasts predict that these vaccines will dominate the market in the future, as they hold the potential to significantly reduce the incidence of dengue fever. Vaccine manufacturers are focusing on improving the safety and efficacy of multivalent vaccines to ensure their effectiveness across diverse populations. By providing immunity to all four serotypes, multivalent vaccines will reduce the risk of severe dengue and contribute to the global effort to eradicate the disease. The increasing development of these vaccines represents an exciting trend, as they address a key challenge in dengue prevention. With a broader range of protection, these vaccines will likely see greater adoption in endemic regions, driving both market size and market share.
- Integration of Dengue Vaccines in National Immunization Programs: An emerging trend in the dengue vaccine market is the integration of vaccines into national immunization programs in countries with high levels of dengue transmission. Governments and health organizations are increasingly recognizing the importance of including dengue vaccines as part of routine vaccination schedules, alongside vaccines for other infectious diseases. Market forecasts suggest that this trend will continue to grow, as the inclusion of dengue vaccines in national programs ensures widespread vaccination coverage and helps to protect vulnerable populations. National immunization programs are crucial for providing equitable access to vaccines, particularly in low- and middle-income countries where the disease burden is highest. By integrating dengue vaccines into public health initiatives, governments are improving vaccine accessibility, reducing the financial barriers that might prevent people from receiving the vaccine. This will drive increased demand for vaccines, as more people are reached through these programs. Additionally, global health organizations such as the World Health Organization (WHO) support the integration of dengue vaccines into national programs, providing technical guidance and financial assistance. This trend will contribute to an increased market share for dengue vaccine manufacturers, as more countries adopt these vaccines as part of their public health strategies.
- Focus on Vaccine Safety and Efficacy Monitoring: A growing trend in the dengue vaccine market is the increasing focus on the safety and efficacy monitoring of vaccines. As dengue vaccines become more widely distributed, ensuring their long-term safety and effectiveness is crucial to maintaining public confidence. Vaccine manufacturers and regulatory agencies are placing significant emphasis on post-marketing surveillance to monitor any potential adverse effects and evaluate the long-term immunity provided by the vaccine. Market forecasts indicate that as more data becomes available from real-world use, the safety profiles of dengue vaccines will be further established, leading to greater acceptance among the population. This trend is particularly important in regions where vaccine hesitancy may exist due to concerns about safety. Ensuring the ongoing safety of vaccines and addressing any side effects that may arise will help to maintain high vaccination rates and support broader vaccine adoption. Furthermore, monitoring the efficacy of vaccines in different populations will provide valuable insights for the development of next-generation vaccines. This focus on safety and efficacy will strengthen the overall market, increase public trust, and drive the adoption of dengue vaccines globally.
- Increased Investment in Vaccine Research and Development: The dengue vaccine market presents significant opportunities in research and development (R&D), as investment in innovative vaccine technologies continues to rise. Pharmaceutical companies and research organizations are prioritizing R&D efforts to create more effective and affordable vaccines. This investment is expected to drive the development of next-generation vaccines that provide greater protection against the four serotypes of the dengue virus. Market forecasts predict that as R&D activities increase, the global market for dengue vaccines will expand, offering new revenue streams for manufacturers. Additionally, breakthroughs in vaccine production technologies, such as mRNA-based vaccines, will help reduce costs and improve production efficiency. As governments, NGOs, and private organizations continue to collaborate on vaccine development, access to vaccines will improve, especially in low-income countries where the disease burden is highest. The increased focus on R&D also holds the potential for new therapeutic vaccines, which could help address the growing number of dengue cases and reduce the public health burden.
- Introduction of Low-Cost Dengue Vaccines: The development of low-cost dengue vaccines presents a significant opportunity for the market, particularly in low- and middle-income countries. Dengue vaccination is crucial for the control of the disease, but high vaccine costs have been a barrier to widespread adoption in developing regions, where the disease burden is the highest. By creating cost-effective vaccine solutions, manufacturers can increase access to vaccines, ensuring that they reach populations most at risk. Market forecasts suggest that low-cost vaccines will be a key factor in expanding market reach and improving public health outcomes. Through advances in vaccine production and partnerships between public and private sectors, the cost of dengue vaccines is expected to decrease. This will make vaccines more affordable for both governments and individuals, driving greater market penetration in regions with limited resources. Additionally, pricing strategies such as tiered pricing or subsidies from international organizations can help make vaccines more accessible in endemic countries. As low-cost vaccines become more widely available, demand is expected to increase, which will contribute to the overall growth of the dengue vaccine market. This opportunity aligns with global public health goals to eliminate dengue and prevent its spread, particularly in underdeveloped regions where access to healthcare is limited.
- Growth in Travel-Related Vaccination Demand: The increasing global mobility and rise in international travel are creating a growing opportunity for dengue vaccines. As more people travel to dengue-endemic regions for business, tourism, or work, the demand for travel-related vaccinations is increasing. Many international travelers are seeking vaccines to protect themselves from diseases such as dengue fever. Travel clinics and healthcare providers are now offering dengue vaccines as part of their recommended vaccinations for travelers visiting high-risk areas. This growing focus on preventive healthcare for travelers is creating an additional revenue stream for vaccine manufacturers and healthcare providers. Market forecasts indicate that the increasing number of international travelers will continue to drive the demand for dengue vaccines in the coming years. As travel-related dengue vaccination becomes a standard recommendation, this opportunity is expected to expand the overall market size. The travel sector’s growing focus on health and safety, combined with increasing awareness about vector-borne diseases like dengue, will further propel vaccine adoption. Additionally, as more countries include dengue vaccines as part of travel health guidelines, the market for dengue vaccines will continue to experience growth. This trend offers a unique opportunity for manufacturers to target the travel segment, boosting their market share while contributing to global health initiatives.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dengue Vaccine 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 Dengue Vaccine 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.

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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
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to country scope.
Frequently Asked Questions
The Dengue Vaccine Market is estimated to witness a CAGR of 11.3% from 2025 to 2031.
The major factors driving the Dengue Vaccine Market are Rising Incidence of Dengue Fever, Technological Advancements in Vaccine Development, and Increased Public Awareness and Education on Dengue Fever.
Future trends in the Dengue Vaccine Market are Development of Multivalent Dengue Vaccines, Integration of Dengue Vaccines in National Immunization Programs, and Focus on Vaccine Safety and Efficacy Monitoring.
Some of the players operating in the market are Sanofi Pasteur Limited, Takeda Pharmaceutical Company Limited, Merck Sharp & Dohme Corp, GlaxoSmithKline plc, GeneOne Life Science, Medigen Vaccine Biologics, Panacea Biotec Limited, Sun Pharmaceutical Industries Ltd, Serum Institute of India Pvt. Ltd, and Biological E.
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 Dengue Vaccine Market - By Product
1.3.2 Dengue Vaccine Market - By Distribution Channel
1.3.3 Dengue Vaccine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DENGUE VACCINE 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. DENGUE VACCINE 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. DENGUE VACCINE MARKET - GLOBAL MARKET ANALYSIS
6.1. DENGUE VACCINE - GLOBAL MARKET OVERVIEW
6.2. DENGUE VACCINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DENGUE VACCINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CYD-TDV
7.3.1. Overview
7.3.2. CYD-TDV Market Forecast and Analysis
8. DENGUE VACCINE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL PHARMACIES
8.3.1. Overview
8.3.2. Hospital Pharmacies Market Forecast and Analysis
8.4. RETAIL PHARMACIES
8.4.1. Overview
8.4.2. Retail Pharmacies Market Forecast and Analysis
8.5. DRUG STORES
8.5.1. Overview
8.5.2. Drug Stores 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. DENGUE VACCINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Dengue Vaccine Market Overview
9.1.2 North America Dengue Vaccine Market Forecasts and Analysis
9.1.3 North America Dengue Vaccine Market Forecasts and Analysis - By Product
9.1.4 North America Dengue Vaccine Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Dengue Vaccine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Dengue Vaccine Market
9.1.5.1.1 United States Dengue Vaccine Market by Product
9.1.5.1.2 United States Dengue Vaccine Market by Distribution Channel
9.1.5.2 Canada Dengue Vaccine Market
9.1.5.2.1 Canada Dengue Vaccine Market by Product
9.1.5.2.2 Canada Dengue Vaccine Market by Distribution Channel
9.1.5.3 Mexico Dengue Vaccine Market
9.1.5.3.1 Mexico Dengue Vaccine Market by Product
9.1.5.3.2 Mexico Dengue Vaccine Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Dengue Vaccine Market Overview
9.2.2 Europe Dengue Vaccine Market Forecasts and Analysis
9.2.3 Europe Dengue Vaccine Market Forecasts and Analysis - By Product
9.2.4 Europe Dengue Vaccine Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Dengue Vaccine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Dengue Vaccine Market
9.2.5.1.1 Germany Dengue Vaccine Market by Product
9.2.5.1.2 Germany Dengue Vaccine Market by Distribution Channel
9.2.5.2 France Dengue Vaccine Market
9.2.5.2.1 France Dengue Vaccine Market by Product
9.2.5.2.2 France Dengue Vaccine Market by Distribution Channel
9.2.5.3 Italy Dengue Vaccine Market
9.2.5.3.1 Italy Dengue Vaccine Market by Product
9.2.5.3.2 Italy Dengue Vaccine Market by Distribution Channel
9.2.5.4 Spain Dengue Vaccine Market
9.2.5.4.1 Spain Dengue Vaccine Market by Product
9.2.5.4.2 Spain Dengue Vaccine Market by Distribution Channel
9.2.5.5 United Kingdom Dengue Vaccine Market
9.2.5.5.1 United Kingdom Dengue Vaccine Market by Product
9.2.5.5.2 United Kingdom Dengue Vaccine Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Dengue Vaccine Market Overview
9.3.2 Asia-Pacific Dengue Vaccine Market Forecasts and Analysis
9.3.3 Asia-Pacific Dengue Vaccine Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Dengue Vaccine Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Dengue Vaccine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Dengue Vaccine Market
9.3.5.1.1 Australia Dengue Vaccine Market by Product
9.3.5.1.2 Australia Dengue Vaccine Market by Distribution Channel
9.3.5.2 China Dengue Vaccine Market
9.3.5.2.1 China Dengue Vaccine Market by Product
9.3.5.2.2 China Dengue Vaccine Market by Distribution Channel
9.3.5.3 India Dengue Vaccine Market
9.3.5.3.1 India Dengue Vaccine Market by Product
9.3.5.3.2 India Dengue Vaccine Market by Distribution Channel
9.3.5.4 Japan Dengue Vaccine Market
9.3.5.4.1 Japan Dengue Vaccine Market by Product
9.3.5.4.2 Japan Dengue Vaccine Market by Distribution Channel
9.3.5.5 South Korea Dengue Vaccine Market
9.3.5.5.1 South Korea Dengue Vaccine Market by Product
9.3.5.5.2 South Korea Dengue Vaccine Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Dengue Vaccine Market Overview
9.4.2 Middle East and Africa Dengue Vaccine Market Forecasts and Analysis
9.4.3 Middle East and Africa Dengue Vaccine Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Dengue Vaccine Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Dengue Vaccine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Dengue Vaccine Market
9.4.5.1.1 South Africa Dengue Vaccine Market by Product
9.4.5.1.2 South Africa Dengue Vaccine Market by Distribution Channel
9.4.5.2 Saudi Arabia Dengue Vaccine Market
9.4.5.2.1 Saudi Arabia Dengue Vaccine Market by Product
9.4.5.2.2 Saudi Arabia Dengue Vaccine Market by Distribution Channel
9.4.5.3 U.A.E Dengue Vaccine Market
9.4.5.3.1 U.A.E Dengue Vaccine Market by Product
9.4.5.3.2 U.A.E Dengue Vaccine Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Dengue Vaccine Market Overview
9.5.2 South and Central America Dengue Vaccine Market Forecasts and Analysis
9.5.3 South and Central America Dengue Vaccine Market Forecasts and Analysis - By Product
9.5.4 South and Central America Dengue Vaccine Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Dengue Vaccine Market Forecasts and Analysis - By Countries
9.5.5.1 Argentina Dengue Vaccine Market
9.5.5.1.1 Argentina Dengue Vaccine Market by Product
9.5.5.1.2 Argentina Dengue Vaccine Market by Distribution Channel
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. DENGUE VACCINE MARKET, KEY COMPANY PROFILES
11.1. SANOFI PASTEUR LIMITED
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. TAKEDA PHARMACEUTICAL COMPANY LIMITED
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. MERCK SHARP AND DOHME CORP
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. GLAXOSMITHKLINE PLC
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. GENEONE LIFE SCIENCE
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. MEDIGEN VACCINE BIOLOGICS
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. PANACEA BIOTEC 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. SERUM INSTITUTE OF INDIA PVT. LTD
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. BIOLOGICAL E
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
- Sanofi Pasteur Limited
- Takeda Pharmaceutical Company Limited
- Merck Sharp & Dohme Corp
- GlaxoSmithKline plc
- GeneOne Life Science
- Medigen Vaccine Biologics
- Panacea Biotec Limited
- Sun Pharmaceutical Industries Ltd
- Serum Institute of India Pvt. Ltd
- Biological E
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.