Sustained release coating are the special coating which has a control on the release of ingredients in a particular longer period of time. The sustained release coating is basically used for film coating on the loaded granules of drugs. It has a physical property of resistance towards chemical, abrasion, and moisture. It helps in increasing the convenience of manufacturing drugs and reduce the risk of over dosage. It is used by various industries such as transportation, aerospace, film & Tapes, food & beverages,
MARKET DYNAMICS
The global sustained release coating market is growing at a significant pace owing to driving factors such as increasing demand from medical and pharmaeutical industry dur to its feature of controlling and targetting the drug delivery. Furthermore, Increasing demand from food & beverages industry due to its environment friendly properties is likely to drive the demand for sustained release coating in the coming years. However high cost and alcohol dose dumping is projected to hinder the growth of sustained release coating market. Likewise, increase in advancement in technology and increasing support from the governemt may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global sustained release coating Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sustained release coating market with detailed market segmentation by polymer material type, substrate, application and geography. The global sustained release coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sustained release coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sustained release coating market is segmented on the basis of polymer material type, substrate and application. On the basis of polymer material type, the sustained release coating market is segmented into ethyl & methyl cellulose, polyvinyl & cellulose acetate, methacrylic acid, polyethylene glycol and others,. On the basis of substrate, the market is bifurcated into, tablets, capsules and pills. Based on application, the global sustained release coating market is segmented into, vitro and vivo.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sustained release coating market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sustained release coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sustained release coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sustained release coating market in these regions.

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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sustained release coating market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sustained release coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sustained release coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sustained release coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the sustained release coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sustained release coating market are anticipated to lucrative growth opportunities in the future with the rising demand for sustained release coating in the global market. Below mentioned is the list of few companies engaged in the sustained release coating market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sustained release coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allergan plc.
- BASF Corporation
- Bausch Health Companies Inc.
- Coating Place Inc.
- Colorcon
- Evonik Industries AG.
- Mylan N.V.
- Pfizer Inc.
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities

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

Segment Covered
This text is related
to segments covered.

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

Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sustained Release Coating Market - By Polymer Material Type
1.3.2 Sustained Release Coating Market - By Substrate
1.3.3 Sustained Release Coating Market - By Application
1.3.4 Sustained Release Coating Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUSTAINED RELEASE COATING 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. SUSTAINED RELEASE COATING 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. SUSTAINED RELEASE COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. SUSTAINED RELEASE COATING - GLOBAL MARKET OVERVIEW
6.2. SUSTAINED RELEASE COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUSTAINED RELEASE COATING MARKET - REVENUE AND FORECASTS TO 2028 - POLYMER MATERIAL TYPE
7.1. OVERVIEW
7.2. POLYMER MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. ETHYL AND METHYL CELLULOSE
7.3.1. Overview
7.3.2. Ethyl and Methyl Cellulose Market Forecast and Analysis
7.4. POLYVINYL AND CELLULOSE ACETATE
7.4.1. Overview
7.4.2. Polyvinyl and Cellulose Acetate Market Forecast and Analysis
7.5. METHACRYLIC ACID
7.5.1. Overview
7.5.2. Methacrylic Acid Market Forecast and Analysis
7.6. POLYETHYLENE GLYCOL
7.6.1. Overview
7.6.2. Polyethylene Glycol Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SUSTAINED RELEASE COATING MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1. OVERVIEW
8.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3. TABLETS
8.3.1. Overview
8.3.2. Tablets Market Forecast and Analysis
8.4. CAPSULES
8.4.1. Overview
8.4.2. Capsules Market Forecast and Analysis
8.5. PILLS
8.5.1. Overview
8.5.2. Pills Market Forecast and Analysis
9. SUSTAINED RELEASE COATING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. VITRO
9.3.1. Overview
9.3.2. Vitro Market Forecast and Analysis
9.4. VIVO
9.4.1. Overview
9.4.2. Vivo Market Forecast and Analysis
10. SUSTAINED RELEASE COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Sustained Release Coating Market Overview
10.1.2 North America Sustained Release Coating Market Forecasts and Analysis
10.1.3 North America Sustained Release Coating Market Forecasts and Analysis - By Polymer Material Type
10.1.4 North America Sustained Release Coating Market Forecasts and Analysis - By Substrate
10.1.5 North America Sustained Release Coating Market Forecasts and Analysis - By Application
10.1.6 North America Sustained Release Coating Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Sustained Release Coating Market
10.1.6.1.1 Canada Sustained Release Coating Market by Polymer Material Type
10.1.6.1.2 Canada Sustained Release Coating Market by Substrate
10.1.6.1.3 Canada Sustained Release Coating Market by Application
10.1.6.2 Mexico Sustained Release Coating Market
10.1.6.2.1 Mexico Sustained Release Coating Market by Polymer Material Type
10.1.6.2.2 Mexico Sustained Release Coating Market by Substrate
10.1.6.2.3 Mexico Sustained Release Coating Market by Application
10.1.6.3 US Sustained Release Coating Market
10.1.6.3.1 US Sustained Release Coating Market by Polymer Material Type
10.1.6.3.2 US Sustained Release Coating Market by Substrate
10.1.6.3.3 US Sustained Release Coating Market by Application
10.2. EUROPE
10.2.1 Europe Sustained Release Coating Market Overview
10.2.2 Europe Sustained Release Coating Market Forecasts and Analysis
10.2.3 Europe Sustained Release Coating Market Forecasts and Analysis - By Polymer Material Type
10.2.4 Europe Sustained Release Coating Market Forecasts and Analysis - By Substrate
10.2.5 Europe Sustained Release Coating Market Forecasts and Analysis - By Application
10.2.6 Europe Sustained Release Coating Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Sustained Release Coating Market
10.2.6.1.1 Germany Sustained Release Coating Market by Polymer Material Type
10.2.6.1.2 Germany Sustained Release Coating Market by Substrate
10.2.6.1.3 Germany Sustained Release Coating Market by Application
10.2.6.2 France Sustained Release Coating Market
10.2.6.2.1 France Sustained Release Coating Market by Polymer Material Type
10.2.6.2.2 France Sustained Release Coating Market by Substrate
10.2.6.2.3 France Sustained Release Coating Market by Application
10.2.6.3 Italy Sustained Release Coating Market
10.2.6.3.1 Italy Sustained Release Coating Market by Polymer Material Type
10.2.6.3.2 Italy Sustained Release Coating Market by Substrate
10.2.6.3.3 Italy Sustained Release Coating Market by Application
10.2.6.4 United Kingdom Sustained Release Coating Market
10.2.6.4.1 United Kingdom Sustained Release Coating Market by Polymer Material Type
10.2.6.4.2 United Kingdom Sustained Release Coating Market by Substrate
10.2.6.4.3 United Kingdom Sustained Release Coating Market by Application
10.2.6.5 Russia Sustained Release Coating Market
10.2.6.5.1 Russia Sustained Release Coating Market by Polymer Material Type
10.2.6.5.2 Russia Sustained Release Coating Market by Substrate
10.2.6.5.3 Russia Sustained Release Coating Market by Application
10.2.6.6 Rest of Europe Sustained Release Coating Market
10.2.6.6.1 Rest of Europe Sustained Release Coating Market by Polymer Material Type
10.2.6.6.2 Rest of Europe Sustained Release Coating Market by Substrate
10.2.6.6.3 Rest of Europe Sustained Release Coating Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Sustained Release Coating Market Overview
10.3.2 Asia-Pacific Sustained Release Coating Market Forecasts and Analysis
10.3.3 Asia-Pacific Sustained Release Coating Market Forecasts and Analysis - By Polymer Material Type
10.3.4 Asia-Pacific Sustained Release Coating Market Forecasts and Analysis - By Substrate
10.3.5 Asia-Pacific Sustained Release Coating Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Sustained Release Coating Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Sustained Release Coating Market
10.3.6.1.1 Australia Sustained Release Coating Market by Polymer Material Type
10.3.6.1.2 Australia Sustained Release Coating Market by Substrate
10.3.6.1.3 Australia Sustained Release Coating Market by Application
10.3.6.2 China Sustained Release Coating Market
10.3.6.2.1 China Sustained Release Coating Market by Polymer Material Type
10.3.6.2.2 China Sustained Release Coating Market by Substrate
10.3.6.2.3 China Sustained Release Coating Market by Application
10.3.6.3 India Sustained Release Coating Market
10.3.6.3.1 India Sustained Release Coating Market by Polymer Material Type
10.3.6.3.2 India Sustained Release Coating Market by Substrate
10.3.6.3.3 India Sustained Release Coating Market by Application
10.3.6.4 Japan Sustained Release Coating Market
10.3.6.4.1 Japan Sustained Release Coating Market by Polymer Material Type
10.3.6.4.2 Japan Sustained Release Coating Market by Substrate
10.3.6.4.3 Japan Sustained Release Coating Market by Application
10.3.6.5 South Korea Sustained Release Coating Market
10.3.6.5.1 South Korea Sustained Release Coating Market by Polymer Material Type
10.3.6.5.2 South Korea Sustained Release Coating Market by Substrate
10.3.6.5.3 South Korea Sustained Release Coating Market by Application
10.3.6.6 Rest of Asia-Pacific Sustained Release Coating Market
10.3.6.6.1 Rest of Asia-Pacific Sustained Release Coating Market by Polymer Material Type
10.3.6.6.2 Rest of Asia-Pacific Sustained Release Coating Market by Substrate
10.3.6.6.3 Rest of Asia-Pacific Sustained Release Coating Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Sustained Release Coating Market Overview
10.4.2 Middle East and Africa Sustained Release Coating Market Forecasts and Analysis
10.4.3 Middle East and Africa Sustained Release Coating Market Forecasts and Analysis - By Polymer Material Type
10.4.4 Middle East and Africa Sustained Release Coating Market Forecasts and Analysis - By Substrate
10.4.5 Middle East and Africa Sustained Release Coating Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Sustained Release Coating Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Sustained Release Coating Market
10.4.6.1.1 South Africa Sustained Release Coating Market by Polymer Material Type
10.4.6.1.2 South Africa Sustained Release Coating Market by Substrate
10.4.6.1.3 South Africa Sustained Release Coating Market by Application
10.4.6.2 Saudi Arabia Sustained Release Coating Market
10.4.6.2.1 Saudi Arabia Sustained Release Coating Market by Polymer Material Type
10.4.6.2.2 Saudi Arabia Sustained Release Coating Market by Substrate
10.4.6.2.3 Saudi Arabia Sustained Release Coating Market by Application
10.4.6.3 U.A.E Sustained Release Coating Market
10.4.6.3.1 U.A.E Sustained Release Coating Market by Polymer Material Type
10.4.6.3.2 U.A.E Sustained Release Coating Market by Substrate
10.4.6.3.3 U.A.E Sustained Release Coating Market by Application
10.4.6.4 Rest of Middle East and Africa Sustained Release Coating Market
10.4.6.4.1 Rest of Middle East and Africa Sustained Release Coating Market by Polymer Material Type
10.4.6.4.2 Rest of Middle East and Africa Sustained Release Coating Market by Substrate
10.4.6.4.3 Rest of Middle East and Africa Sustained Release Coating Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Sustained Release Coating Market Overview
10.5.2 South and Central America Sustained Release Coating Market Forecasts and Analysis
10.5.3 South and Central America Sustained Release Coating Market Forecasts and Analysis - By Polymer Material Type
10.5.4 South and Central America Sustained Release Coating Market Forecasts and Analysis - By Substrate
10.5.5 South and Central America Sustained Release Coating Market Forecasts and Analysis - By Application
10.5.6 South and Central America Sustained Release Coating Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Sustained Release Coating Market
10.5.6.1.1 Brazil Sustained Release Coating Market by Polymer Material Type
10.5.6.1.2 Brazil Sustained Release Coating Market by Substrate
10.5.6.1.3 Brazil Sustained Release Coating Market by Application
10.5.6.2 Argentina Sustained Release Coating Market
10.5.6.2.1 Argentina Sustained Release Coating Market by Polymer Material Type
10.5.6.2.2 Argentina Sustained Release Coating Market by Substrate
10.5.6.2.3 Argentina Sustained Release Coating Market by Application
10.5.6.3 Rest of South and Central America Sustained Release Coating Market
10.5.6.3.1 Rest of South and Central America Sustained Release Coating Market by Polymer Material Type
10.5.6.3.2 Rest of South and Central America Sustained Release Coating Market by Substrate
10.5.6.3.3 Rest of South and Central America Sustained Release Coating Market by Application
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. SUSTAINED RELEASE COATING MARKET, KEY COMPANY PROFILES
12.1. ALLERGAN PLC.
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. BASF CORPORATION
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. BAUSCH HEALTH COMPANIES INC.
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. COATING PLACE INC.
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. COLORCON
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. EVONIK INDUSTRIES AG.
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. MYLAN N.V.
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. PFIZER 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. SUN PHARMACEUTICAL INDUSTRIES LTD.
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. TEVA PHARMACEUTICAL INDUSTRIES LTD.
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.Allergan plc.
2.BASF Corporation
3.Bausch Health Companies Inc.
4.Coating Place Inc.
5.Colorcon
6.Evonik Industries AG.
7.Mylan N.V.
8.Pfizer Inc.
9.Sun Pharmaceutical Industries Ltd.
10.Teva Pharmaceutical Industries Ltd.
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.