Etanercept Market Key Players, Opportunities, and Forecast by 2031

Coverage: Etanercept Market covers analysis By Product (Benepali, Enbrel, Others); Application (Arthritis, Psoriasis, Spondylitis) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018520
  • Category : Life Sciences
  • No. of Pages : 150
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The Etanercept Market is expected to register a CAGR of 5% 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 (Benepali, Enbrel, Others); and Application (Arthritis, Psoriasis, Spondylitis). 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 Report

The report Etanercept 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.

Etanercept Market Segmentation

Product
  • Benepali
  • Enbrel
Application
  • Arthritis
  • Psoriasis
  • Spondylitis

Strategic Insights

Etanercept Market Growth Drivers
  • Rising Prevalence of Autoimmune Diseases: The rising occurrence of autoimmune diseases including rheumatoid arthritis and psoriasis along with ankylosing spondylitis propels Etanercept market growth. The demand for biologic treatments including Etanercept grows as more patients receive diagnoses of autoimmune diseases. The market is expanding worldwide because of this trend. The worldwide prevalence of autoimmune diseases including rheumatoid arthritis (RA), psoriasis and ankylosing spondylitis (AS) continues to rise which results in an expanding market for biologics such as Etanercept. The rising number of people affected by these diseases creates a need for treatments that manage symptoms while slowing disease progression to improve quality of life. The TNF inhibitor Etanercept has shown effectiveness in decreasing inflammation and pain while preventing joint damage in patients with autoimmune diseases which establishes it as a favored treatment choice. Etanercept's market size will expand because the aging world population will lead to increased autoimmune diseases. Increased understanding about autoimmune disorders alongside more patients requesting biologic treatments continue to advance this market trend. Predictions show consistent market expansion for Etanercept in treating autoimmune diseases which will increase the biologics segment share in pharmaceuticals. The increasing need for effective therapeutic solutions positions Etanercept as a vital treatment option for autoimmune diseases while driving market expansion.
  • Advancements in Biologic Therapies: The Etanercept market expands as continuous developments in biologic therapies progress through monoclonal antibodies and biosimilars advancements. The TNF inhibitor market including Etanercept keeps growing because more patients now select biologics for treatment because of their superior effectiveness. Modern biologic therapies have transformed how autoimmune diseases are treated. As part of the TNF inhibitor class Etanercept demonstrates effectiveness in treating rheumatoid arthritis along with psoriasis and inflammatory bowel diseases. Biologics have transformed the pharmaceutical market because an increasing number of patients choose these treatments to better manage chronic autoimmune diseases. Patients experience improved results from these therapies in comparison to conventional treatments which has led to increased adoption rates. The market now offers more affordable Etanercept treatments because biosimilars to the drug have been approved which has expanded patient access. Market expansion for Etanercept is expected as competition rises and biologic treatments become more affordable and accessible. Advances in biologic formulations and higher therapy success rates lead to growing market demand. The market forecasts predict growing demand for biologic treatments like Etanercept because physicians and patients keep searching for better ways to handle autoimmune diseases. The growth of the Etanercept market will be driven by the expansion of treatment options.
  • Government Initiatives and Healthcare Funding: The Etanercept market growth relies heavily on government efforts to improve treatment access and healthcare funding. The demand for Etanercept will rise significantly as more countries prioritize healthcare improvements and make biologic therapies available. Investments by governments in healthcare infrastructure combined with policies that boost access to advanced therapies propel the expansion of the Etanercept market. Nations around the world are allocating more resources to healthcare systems to manage the growing requirement for biologic treatments in autoimmune disease management. Through these initiatives governments are increasing healthcare coverage to reach more patients which allows more people to access biologic treatments such as Etanercept who would not have been able to afford them otherwise. Several regions are rolling out healthcare reforms to tackle chronic disease management problems that especially affect autoimmune disease treatment. The market for Etanercept will expand because governments are allocating more funds toward therapies with long-term benefits. The global healthcare funding expansion and policies that support biologic treatment access will fuel the uptake of Etanercept therapies according to market forecasts. The Etanercept market stands to grow substantially as healthcare access improves and patient awareness rises by increasing its market share and global reach.
Etanercept Market Future Trends
  • Shift Toward Biosimilars and Cost-effective Alternatives: The Etanercept market is experiencing a major movement toward biosimilars which create more affordable treatment options compared to the original product. Market entry of biosimilars creates competition that drives prices down and broadens patient access to treatments. Biosimilar versions of Etanercept now dominate market trends through their approval and market entry. Biosimilars match biologic drugs in their clinical effectiveness and safety profile while providing the same quality but at reduced prices. Patients in areas where healthcare expenses are elevated need these alternatives because they cannot afford costly biologic medications. The introduction of biosimilars has heightened competition in the Etanercept market resulting in lower treatment costs which now allows more patients to afford the therapy. The biosimilar trend will help expand market share for Etanercept as healthcare systems look for affordable solutions to increase access. Market predictions show biosimilars taking up bigger parts of the biologic market because healthcare systems want to lower costs while keeping effective treatments available. Biosimilars of Etanercept are rapidly gaining popularity in emerging markets due to widespread cost concerns. Biosimilars represent a move towards lower-cost biologic treatments which will transform the Etanercept market by offering benefits to both patients and providers.
  • Focus on Combination Therapies: In the Etanercept market trend analysis reveals increasing focus on combination therapies which involve using Etanercept together with other biologics or standard medications to achieve superior treatment results. Healthcare providers seek better therapeutic results which explains why they want to improve patient response rates through this trend. Treatment of autoimmune diseases now frequently uses combination therapies with Etanercept leading the way in this development. Healthcare providers use combinations of Etanercept with either additional biologics or traditional disease-modifying antirheumatic drugs (DMARDs) to enhance patient outcomes through simultaneous targeting of multiple inflammatory pathways. Patients who show poor results with single biologic drug treatments benefit most from this treatment methodology. Patients with rheumatoid arthritis achieve better treatment results when Etanercept is combined with methotrexate. Combination therapy trends are predicted to expand because clinical results show they enhance treatment effectiveness through better response rates and reduced disease progression while decreasing treatment failures. The market for Etanercept will expand through the use of combination therapies in patients who exhibit complex or resistant autoimmune conditions according to market forecasts. Etanercept remains essential in advanced treatment approaches that emphasize personalized and multi-faceted therapies.
  • Growing Role in Pediatric Autoimmune Disease Treatment: The market expansion for Etanercept results from its growing recognition as an effective treatment for pediatric autoimmune diseases including juvenile idiopathic arthritis (JIA). Medical professionals must use different protocols for pediatric patients because Etanercept demonstrates effective results and this success leads to wider use among children. The market is expanding its use of Etanercept to treat pediatric autoimmune diseases with juvenile idiopathic arthritis (JIA) at the forefront. Clinical studies demonstrate that Etanercept effectively controls inflammation and symptoms in pediatric patients with autoimmune diseases which positions it as a beneficial treatment in children's healthcare. Healthcare providers are becoming more inclined to include Etanercept in treatment plans for younger patients after clinical trials showed positive safety and efficacy outcomes. Pediatric healthcare providers are increasingly demanding Etanercept because they recognize the advantages of early intervention for autoimmune diseases in children. According to market forecasts the usage of Etanercept as a treatment for pediatric autoimmune diseases will significantly rise because more parents and healthcare providers are looking for safe and effective options. With the pediatric autoimmune disease segment expanding, Etanercept will probably gain a bigger market share among these patients which will support overall market growth.
Etanercept Market Opportunities
  • Increasing Demand for Personalized Medicine: The rising interest in personalized medicine creates major market opportunities for Etanercept. As healthcare moves towards individualized care plans Etanercept's application in personalized therapies will likely expand to provide customized treatment for autoimmune disease patients. Personalized medicine is becoming more popular because it allows medical professionals to customize treatments according to each patient’s specific requirements. Due to its targeted mechanism of action Etanercept stands as the perfect choice for custom treatment approaches in autoimmune diseases. Healthcare providers can develop more effective treatment plans by tailoring strategies to individual patient genetic profiles and disease subtypes through biomarker and disease subtype analysis. Research forecasts indicate that personalized medicine will become more popular while Etanercept remains vital for these specific treatments. The administration of Etanercept provides precise treatment for autoimmune diseases which leads to better patient results alongside diminished side effects and stronger therapeutic compliance. The Etanercept market now has substantial opportunities to grow its reach because personalized medicine trends enable it to address the increasing demand for targeted therapies.
  • Strategic Partnerships and Collaborations: The Etanercept market stands to gain from collaborations that pharmaceutical companies establish with research organizations. Market expansion for Etanercept relies on collaborations which develop new indications and applications in autoimmune diseases. The partnership between pharmaceutical companies with research institutions and healthcare providers generates fresh market opportunities for Etanercept. Through these partnerships Etanercept gains expanded therapeutic indications which enables potential applications in more autoimmune conditions and combination therapies. Through collaborative research initiatives clinical trials become more accessible which helps to prove Etanercept's therapeutic benefits for various patient groups. The development and approval process of Etanercept for new indications can be expedited through partnerships that utilize stakeholder expertise and resources. The market expansion of Etanercept will continue because increasing collaborations will broaden its application for various autoimmune diseases. Successful partnerships enable Etanercept to keep its top position in the biologic therapy market.
  • Regulatory Approvals in New Markets: Securing regulatory approval for new geographic markets especially in Asia-Pacific and Latin America provides the Etanercept market with substantial growth prospects. Market growth will be driven by the expansion of Etanercept into new countries because demand for biologic therapies continues to rise. The Etanercept market can expand its global presence through regulatory approvals in new international markets. Etanercept can access new emerging markets because global healthcare systems are updating and making biologic treatments more available while demand for autoimmune disease treatments increases. Biologic drugs for autoimmune conditions receive growing approvals from regulatory authorities in Asia-Pacific, Latin America, and the Middle East which enables market expansion opportunities for Etanercept. As more patients in these regions develop rheumatoid arthritis and psoriasis the use of Etanercept is projected to increase substantially. Market forecasts show strong potential for Etanercept to expand into new global markets which reflects this trend.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Etanercept 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 Etanercept 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
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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Regional Scope
Regional Scope

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

Country Scope
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Frequently Asked Questions


What is the expected CAGR of the Etanercept Market?

The Etanercept Market is estimated to witness a CAGR of 5% from 2025 to 2031.

What are the driving factors impacting the Etanercept Market?

The major factors driving the Etanercept Market are Rising Prevalence of Autoimmune Diseases, Advancements in Biologic Therapies, and Government Initiatives and Healthcare Funding.

What are the future trends of the Etanercept Market?

Future trends in the Etanercept Market are Shift Toward Biosimilars and Cost-effective Alternatives, Focus on Combination Therapies, and Growing Role in Pediatric Autoimmune Disease Treatment.

Which are the leading players in the Etanercept Market?

Some of the players operating in the market are Pfizer, Inc., Takeda Pharmaceutical Company Ltd., Johnson and Johnson, GlaxoSmithKline Pharmaceuticals, Ltd, Samsung Bioepis Co., Ltd., F. Hoffmann-La Roche Ltd., Cipla Limited, Novartis International AG, Celltrion Inc., Immunex Corporation.

What are the deliverable formats of the Etanercept Market report?

The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.

What are the options available for the customization of this report?

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.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Etanercept Market - By Product
1.3.2 Etanercept Market - By Application
1.3.3 Etanercept Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ETANERCEPT 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. ETANERCEPT 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. ETANERCEPT MARKET - GLOBAL MARKET ANALYSIS
6.1. ETANERCEPT - GLOBAL MARKET OVERVIEW
6.2. ETANERCEPT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ETANERCEPT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BENEPALI
7.3.1. Overview
7.3.2. Benepali Market Forecast and Analysis
7.4. ENBREL
7.4.1. Overview
7.4.2. Enbrel Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ETANERCEPT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ARTHRITIS
8.3.1. Overview
8.3.2. Arthritis Market Forecast and Analysis
8.4. PSORIASIS
8.4.1. Overview
8.4.2. Psoriasis Market Forecast and Analysis
8.5. SPONDYLITIS
8.5.1. Overview
8.5.2. Spondylitis Market Forecast and Analysis

9. ETANERCEPT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Etanercept Market Overview
9.1.2 North America Etanercept Market Forecasts and Analysis
9.1.3 North America Etanercept Market Forecasts and Analysis - By Product
9.1.4 North America Etanercept Market Forecasts and Analysis - By Application
9.1.5 North America Etanercept Market Forecasts and Analysis - By Countries
9.1.5.1 United States Etanercept Market
9.1.5.1.1 United States Etanercept Market by Product
9.1.5.1.2 United States Etanercept Market by Application
9.1.5.2 Canada Etanercept Market
9.1.5.2.1 Canada Etanercept Market by Product
9.1.5.2.2 Canada Etanercept Market by Application
9.1.5.3 Mexico Etanercept Market
9.1.5.3.1 Mexico Etanercept Market by Product
9.1.5.3.2 Mexico Etanercept Market by Application
9.2. EUROPE
9.2.1 Europe Etanercept Market Overview
9.2.2 Europe Etanercept Market Forecasts and Analysis
9.2.3 Europe Etanercept Market Forecasts and Analysis - By Product
9.2.4 Europe Etanercept Market Forecasts and Analysis - By Application
9.2.5 Europe Etanercept Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Etanercept Market
9.2.5.1.1 Germany Etanercept Market by Product
9.2.5.1.2 Germany Etanercept Market by Application
9.2.5.2 France Etanercept Market
9.2.5.2.1 France Etanercept Market by Product
9.2.5.2.2 France Etanercept Market by Application
9.2.5.3 Italy Etanercept Market
9.2.5.3.1 Italy Etanercept Market by Product
9.2.5.3.2 Italy Etanercept Market by Application
9.2.5.4 Spain Etanercept Market
9.2.5.4.1 Spain Etanercept Market by Product
9.2.5.4.2 Spain Etanercept Market by Application
9.2.5.5 United Kingdom Etanercept Market
9.2.5.5.1 United Kingdom Etanercept Market by Product
9.2.5.5.2 United Kingdom Etanercept Market by Application
9.2.5.6 Rest of Europe Etanercept Market
9.2.5.6.1 Rest of Europe Etanercept Market by Product
9.2.5.6.2 Rest of Europe Etanercept Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Etanercept Market Overview
9.3.2 Asia-Pacific Etanercept Market Forecasts and Analysis
9.3.3 Asia-Pacific Etanercept Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Etanercept Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Etanercept Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Etanercept Market
9.3.5.1.1 Australia Etanercept Market by Product
9.3.5.1.2 Australia Etanercept Market by Application
9.3.5.2 China Etanercept Market
9.3.5.2.1 China Etanercept Market by Product
9.3.5.2.2 China Etanercept Market by Application
9.3.5.3 India Etanercept Market
9.3.5.3.1 India Etanercept Market by Product
9.3.5.3.2 India Etanercept Market by Application
9.3.5.4 Japan Etanercept Market
9.3.5.4.1 Japan Etanercept Market by Product
9.3.5.4.2 Japan Etanercept Market by Application
9.3.5.5 South Korea Etanercept Market
9.3.5.5.1 South Korea Etanercept Market by Product
9.3.5.5.2 South Korea Etanercept Market by Application
9.3.5.6 Rest of Asia-Pacific Etanercept Market
9.3.5.6.1 Rest of Asia-Pacific Etanercept Market by Product
9.3.5.6.2 Rest of Asia-Pacific Etanercept Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Etanercept Market Overview
9.4.2 Middle East and Africa Etanercept Market Forecasts and Analysis
9.4.3 Middle East and Africa Etanercept Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Etanercept Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Etanercept Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Etanercept Market
9.4.5.1.1 South Africa Etanercept Market by Product
9.4.5.1.2 South Africa Etanercept Market by Application
9.4.5.2 Saudi Arabia Etanercept Market
9.4.5.2.1 Saudi Arabia Etanercept Market by Product
9.4.5.2.2 Saudi Arabia Etanercept Market by Application
9.4.5.3 U.A.E Etanercept Market
9.4.5.3.1 U.A.E Etanercept Market by Product
9.4.5.3.2 U.A.E Etanercept Market by Application
9.4.5.4 Rest of Middle East and Africa Etanercept Market
9.4.5.4.1 Rest of Middle East and Africa Etanercept Market by Product
9.4.5.4.2 Rest of Middle East and Africa Etanercept Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Etanercept Market Overview
9.5.2 South and Central America Etanercept Market Forecasts and Analysis
9.5.3 South and Central America Etanercept Market Forecasts and Analysis - By Product
9.5.4 South and Central America Etanercept Market Forecasts and Analysis - By Application
9.5.5 South and Central America Etanercept Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Etanercept Market
9.5.5.1.1 Brazil Etanercept Market by Product
9.5.5.1.2 Brazil Etanercept Market by Application
9.5.5.2 Argentina Etanercept Market
9.5.5.2.1 Argentina Etanercept Market by Product
9.5.5.2.2 Argentina Etanercept Market by Application
9.5.5.3 Rest of South and Central America Etanercept Market
9.5.5.3.1 Rest of South and Central America Etanercept Market by Product
9.5.5.3.2 Rest of South and Central America Etanercept Market by Application

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. ETANERCEPT MARKET, KEY COMPANY PROFILES
11.1. PFIZER INC.
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 LTD
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. JOHNSON AND JOHNSON
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 PHARMACEUTICALS LTD
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. SAMSUNG BIOEPIS CO., LTD
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. F. HOFFMANN-LA ROCHE LTD
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. CIPLA 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. NOVARTIS INTERNATIONAL AG
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. CELLTRION INC
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. IMMUNEX CORPORATION
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
The List of Companies

1. Pfizer Inc.
2. Takeda Pharmaceutical Company Ltd
3. Johnson and Johnson
4. GlaxoSmithKline Pharmaceuticals Ltd
5. Samsung Bioepis Co., Ltd
6. F. Hoffmann-La Roche Ltd
7. Cipla Limited
8. Novartis International AG
9. Celltrion Inc
10. Immunex Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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