The Disposable Infusion Sets Market is expected to register a CAGR of 6.9% 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 (Pump Infusion Set, Non-pump Infusion Set); Material (Polyvinyl Chloride (PVC), Polyolefins, Nitroglycerin, Others); End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Disposable Infusion Sets 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.
Disposable Infusion Sets Market Segmentation
Product- Pump Infusion Set
- Non-pump Infusion Set
- Polyvinyl Chloride
- Polyolefins
- Nitroglycerin
- Others
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Disposable Infusion Sets Market Growth Drivers- Rising Prevalence of Chronic Diseases: Another factor contributing to the increasing global market of d portable infusion devices is the rising incidence of chronic diseases like diabetes, cancer and particularly of conditions affecting the heart and blood circulatory systems . Because these diseases are progressive by nature, they usually require infusion therapy with IV drugs for a longer duration thus explaining the increasing demand for disposable infusion devices. Furthermore, the safety, efficacity, and ease of use of these devices for patients and health caregivers alike, propels the demand in the market.
- Growing Preference for Home Healthcare: The growing preference for home healthcare, has increased the demand for infusion devices that can be disposed off after use. More patients are able to self-care nowadays in the home treatment and the conventional hospitals, thus the need for portable easy to use infusion systems that can be used outside the hospitals is on the rise. In most cases, it is the disposable infusion devices which are preferred by most patients due to safety, ease of use and cost implications, all of which skew towards home care, thereby promoting the market further.
- Advancements in Infusion Technology: There is market expansion owing to the innovations in the disposable infusion devices making processes such as the incorporation of better infusion pumps, smart devices, and the needle-free technology. These technologies improve accuracy, limit adverse effects and enhance comfort in patients. The growing popularity of these more sophisticated devices has fueled an increase in the number of health institutions and patients who require disposable infusion devices for both clinical and domiciliary care.
- Adoption of Smart Infusion Devices: The infusion equipment segment of the market is witnessing a rising inclination towards the use of smart infusion equipment. Such devices have inbuilt sensors and connection features that allow for measurement of infusion speeds, monitoring of the amount of drugs delivered, and notifying the health care providers in case of possible dangers. Usage of active information and remote command over a process serves to enhance the safety of the patient while also facilitating better management of intravenous therapy.
- Shift Toward Needleless and Non-invasive Systems: There is a discernible shift in the innovation of disposable infusion apparatus towards the needleless and non-invasive designs. With these systems, there is no requirement for the use of needles which serves to enhance comfort of the patients and reduces chances of getting infected as well as preventing needle sticks from patients. These advances in design are enhancing the attractiveness of refillable intravenous devices to non-surgical patients especially those on prolonged therapy or receiving infusion therapy at home.
- Focus on Sustainability and Eco-friendly Materials: Similarly, this can be observed in the market of infusion devices where there is a change in concern regarding sustainability and the environment. There is greater focus on the construction of green materials and the production of green devices. Again, such design modifications are being pursued for the reduction of use of plastic single use devices, which is also the practice in the manufacturing of medical products nowadays, where the consideration of the environment is paramount.
- Expansion in Home Healthcare Market: The growing home healthcare services offer enormous possibilities for the disposable infusion devices market. Infusion for chronic illness patients at home has become a common practice among many patients and thus the need for simple, safe and easy infusion devices is on the rise. This development provides room for the manufacturers to diversify and come up with specific disposable devices meant for home healthcare, widening the market scope.
- Growing Demand for Pain Management Infusions: There is an increase in the demand for disposable infusion devices in the market of pain management. Pain management therapies that emphasize the usage of infusion devices have increased due to the rise in the number of patients suffering from chronic pain such as pain caused by cancer and pain during post-surgical recovery. Marketing generic versions of anti-pain intravenous devices is promising for the manufacturers since the devices are inexpensive and easy to use on patients.
- Development of Customizable Infusion Systems: The increasing popularity of personalized medicine opens up a room for the design of disposables customizing infusion devices. Individualized infusion devices for patients such as those with different intake level of drug and infusion time can greatly improve patient outcomes and reduce dissatisfaction. Such development may spur the use of disposable infusion devices in targeted therapy, which is an enormous opportunity for the industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Disposable Infusion Sets 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 Disposable Infusion Sets 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
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
Rising prevalence of chronic diseases and growing preference for home healthcare is the major factors boosting the disposable infusion sets market growth
3M, Baxter International Inc, B. Braun Melsungen AG, Fresenius SE & Co, Smiths Medical, Inc., Johnson and Johnson, Becton, Dickinson and Company, ICU Medical, Inc., Cook, Terumo Corporation are the some of the key market players operating in the disposable infusion sets market
The market is expected to grow at a CAGR of 6.9%
The North America region accounts for highest revenue share disposable infusion sets market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Disposable Infusion Devices Market - By Product
1.3.2 Disposable Infusion Devices Market - By End User
1.3.3 Disposable Infusion Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DISPOSABLE INFUSION DEVICES 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. DISPOSABLE INFUSION DEVICES 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. DISPOSABLE INFUSION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. DISPOSABLE INFUSION DEVICES - GLOBAL MARKET OVERVIEW
6.2. DISPOSABLE INFUSION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DISPOSABLE INFUSION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DEVICES AND PUMPS
7.3.1. Overview
7.3.2. Devices and Pumps Market Forecast and Analysis
7.4. ACCESSORIES AND DISPOSABLES
7.4.1. Overview
7.4.2. Accessories and Disposables Market Forecast and Analysis
7.4.3. Infusion Catheters Market
7.4.3.1. Overview
7.4.3.2. Infusion Catheters Market Forecast and Analysis
7.4.4. IV Sets Market
7.4.4.1. Overview
7.4.4.2. IV Sets Market Forecast and Analysis
7.4.5. Cannulas Market
7.4.5.1. Overview
7.4.5.2. Cannulas Market Forecast and Analysis
7.4.6. Tubing Market
7.4.6.1. Overview
7.4.6.2. Tubing Market Forecast and Analysis
7.4.7. Needles Market
7.4.7.1. Overview
7.4.7.2. Needles Market Forecast and Analysis
7.4.8. Others Market
7.4.8.1. Overview
7.4.8.2. Others Market Forecast and Analysis
8. DISPOSABLE INFUSION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. AMBULATORY SURGERY CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgery Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. DISPOSABLE INFUSION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Disposable Infusion Devices Market Overview
9.1.2 North America Disposable Infusion Devices Market Forecasts and Analysis
9.1.3 North America Disposable Infusion Devices Market Forecasts and Analysis - By Product
9.1.4 North America Disposable Infusion Devices Market Forecasts and Analysis - By End User
9.1.5 North America Disposable Infusion Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Disposable Infusion Devices Market
9.1.5.1.1 United States Disposable Infusion Devices Market by Product
9.1.5.1.2 United States Disposable Infusion Devices Market by End User
9.1.5.2 Canada Disposable Infusion Devices Market
9.1.5.2.1 Canada Disposable Infusion Devices Market by Product
9.1.5.2.2 Canada Disposable Infusion Devices Market by End User
9.1.5.3 Mexico Disposable Infusion Devices Market
9.1.5.3.1 Mexico Disposable Infusion Devices Market by Product
9.1.5.3.2 Mexico Disposable Infusion Devices Market by End User
9.2. EUROPE
9.2.1 Europe Disposable Infusion Devices Market Overview
9.2.2 Europe Disposable Infusion Devices Market Forecasts and Analysis
9.2.3 Europe Disposable Infusion Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Disposable Infusion Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Disposable Infusion Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Disposable Infusion Devices Market
9.2.5.1.1 Germany Disposable Infusion Devices Market by Product
9.2.5.1.2 Germany Disposable Infusion Devices Market by End User
9.2.5.2 France Disposable Infusion Devices Market
9.2.5.2.1 France Disposable Infusion Devices Market by Product
9.2.5.2.2 France Disposable Infusion Devices Market by End User
9.2.5.3 Italy Disposable Infusion Devices Market
9.2.5.3.1 Italy Disposable Infusion Devices Market by Product
9.2.5.3.2 Italy Disposable Infusion Devices Market by End User
9.2.5.4 Spain Disposable Infusion Devices Market
9.2.5.4.1 Spain Disposable Infusion Devices Market by Product
9.2.5.4.2 Spain Disposable Infusion Devices Market by End User
9.2.5.5 United Kingdom Disposable Infusion Devices Market
9.2.5.5.1 United Kingdom Disposable Infusion Devices Market by Product
9.2.5.5.2 United Kingdom Disposable Infusion Devices Market by End User
9.2.5.6 Rest of Europe Disposable Infusion Devices Market
9.2.5.6.1 Rest of Europe Disposable Infusion Devices Market by Product
9.2.5.6.2 Rest of Europe Disposable Infusion Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Disposable Infusion Devices Market Overview
9.3.2 Asia-Pacific Disposable Infusion Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Disposable Infusion Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Disposable Infusion Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Disposable Infusion Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Disposable Infusion Devices Market
9.3.5.1.1 Australia Disposable Infusion Devices Market by Product
9.3.5.1.2 Australia Disposable Infusion Devices Market by End User
9.3.5.2 China Disposable Infusion Devices Market
9.3.5.2.1 China Disposable Infusion Devices Market by Product
9.3.5.2.2 China Disposable Infusion Devices Market by End User
9.3.5.3 India Disposable Infusion Devices Market
9.3.5.3.1 India Disposable Infusion Devices Market by Product
9.3.5.3.2 India Disposable Infusion Devices Market by End User
9.3.5.4 Japan Disposable Infusion Devices Market
9.3.5.4.1 Japan Disposable Infusion Devices Market by Product
9.3.5.4.2 Japan Disposable Infusion Devices Market by End User
9.3.5.5 South Korea Disposable Infusion Devices Market
9.3.5.5.1 South Korea Disposable Infusion Devices Market by Product
9.3.5.5.2 South Korea Disposable Infusion Devices Market by End User
9.3.5.6 Rest of Asia-Pacific Disposable Infusion Devices Market
9.3.5.6.1 Rest of Asia-Pacific Disposable Infusion Devices Market by Product
9.3.5.6.2 Rest of Asia-Pacific Disposable Infusion Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Disposable Infusion Devices Market Overview
9.4.2 Middle East and Africa Disposable Infusion Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Disposable Infusion Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Disposable Infusion Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Disposable Infusion Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Disposable Infusion Devices Market
9.4.5.1.1 South Africa Disposable Infusion Devices Market by Product
9.4.5.1.2 South Africa Disposable Infusion Devices Market by End User
9.4.5.2 Saudi Arabia Disposable Infusion Devices Market
9.4.5.2.1 Saudi Arabia Disposable Infusion Devices Market by Product
9.4.5.2.2 Saudi Arabia Disposable Infusion Devices Market by End User
9.4.5.3 U.A.E Disposable Infusion Devices Market
9.4.5.3.1 U.A.E Disposable Infusion Devices Market by Product
9.4.5.3.2 U.A.E Disposable Infusion Devices Market by End User
9.4.5.4 Rest of Middle East and Africa Disposable Infusion Devices Market
9.4.5.4.1 Rest of Middle East and Africa Disposable Infusion Devices Market by Product
9.4.5.4.2 Rest of Middle East and Africa Disposable Infusion Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Disposable Infusion Devices Market Overview
9.5.2 South and Central America Disposable Infusion Devices Market Forecasts and Analysis
9.5.3 South and Central America Disposable Infusion Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Disposable Infusion Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Disposable Infusion Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Disposable Infusion Devices Market
9.5.5.1.1 Brazil Disposable Infusion Devices Market by Product
9.5.5.1.2 Brazil Disposable Infusion Devices Market by End User
9.5.5.2 Argentina Disposable Infusion Devices Market
9.5.5.2.1 Argentina Disposable Infusion Devices Market by Product
9.5.5.2.2 Argentina Disposable Infusion Devices Market by End User
9.5.5.3 Rest of South and Central America Disposable Infusion Devices Market
9.5.5.3.1 Rest of South and Central America Disposable Infusion Devices Market by Product
9.5.5.3.2 Rest of South and Central America Disposable Infusion Devices Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DISPOSABLE INFUSION DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. DISPOSABLE INFUSION DEVICES MARKET, KEY COMPANY PROFILES
12.1. 3M
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. BAXTER INTERNATIONAL INC.
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. B. BRAUN MELSUNGEN AG
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. FRESENIUS SE AND CO.
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. SMITHS MEDICAL, INC.
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 SERVICES INC.
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. BD
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. ICU MEDICAL, 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. COOK
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. TERUMO CORPORATION
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
1. 3M
2. Baxter International Inc.
3. B. Braun Melsungen AG
4. Fresenius SE & Co.
5. Smiths Medical, Inc.
6. Johnson and Johnson
7. Becton, Dickinson and Company
8. ICU Medical, Inc.
9. Cook
10. Terumo Corporation
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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