Asia Pacific liposome drug delivery market is expected to reach US$ 1,562.92 million in 2027 from US$ 759.81 in 2019. The market is estimated to grow with a CAGR of 9.6% from 2020-2027.
Liposomes are small sphere-shaped artificial vesicles synthesized from cholesterol and phospholipids. They have multiple layers and a diameter range of 0.01 to 5.0 um. They also have hydrophilic and hydrophobic properties which help liposomes to encapsulate hydrophobic and hydrophilic drugs to be delivered to targeted body site. Liposomes provide an assured system for targeted drug delivery and thereby is the factor influencing the Liposome Drug Delivery market size growth. Liposomes are widely used for enclosing all types of drug molecules such as acyclovir, chloroquinediphosphate, paclitaxel, tropicamide, and cyclosporine. Liposomes are used as a drug carrier for drug therapy for many diseases since they are biodegradable and biocompatible. Also, they have many therapeutic properties like anticancer drugs, genetic materials, proteins, vaccines, macromolecules, and thus can be encapsulated in liposomes. The scope of the liposome drug delivery market includes product, technology, application, and region.
Japan Liposome Drug Delivery Market Revenue and Forecasts to 2027 (US$ MN)
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Market Insights
New Developments in Lipid Composition for Stability and Optimization of Drugs
The pharmaceutical and biotechnology companies are exploring alternative compositions with cholesterol as well as new techniques such as nanotechnology to improve the stability and drug release profiles with the help of encapsulation and other techniques. They are using liposomes for the generation of extracellular vesicles by targeted cells. According to the Department of Pharmaceutics, SPER, JamiaHamdard University, New Delhi, India a current research was done to prolong and sustain the release of erythromycin (ERY) by preparing a solid lipid nanoparticles (SLNs)-based gel formulation for the safe and effective treatment of acne. ERY-loaded SLNs were developed, and various process variables were optimized with respect to particle size, zeta potential, and entrapment efficiency using the Taguchi model. The main aim was to develop ERY-loaded SLNs-based gel with the potential to sustain and delay the release of the drug. The developed gel may be suitable for the treatment of acne. Manufacturers in the liposome drug delivery market are ramping up their R&D activities to unlock new lipid compositions and strategies that help to optimize the drug transport and stability of liposomes. Similar experiments for innovative liposome fabrication are likely to offer growth opportunities for the market players to attain a significant position and grow in the liposome drug delivery market—new development lipid composition for stability and optimization of drugs.
Product- Based Market Insights
Based on product, the liposome drug delivery market is segmented into liposomal doxorubicin, liposomal paclitaxel, liposomal amphotericin B, others. The liposomal doxorubicin segment held the largest share of the market in 2019, whereas the liposomal amphotericin B segment is anticipated to register the highest CAGR in the market during the forecast period.
Asia Pacific Liposome Drug Delivery Market, by Product – 2019 and 2027
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Technology- Based Market Insights
Based on technology, the liposome drug delivery market has been segmented into stealth liposome technology, non-PEGylated liposome technology, depofoam liposome technology. The stealth liposome technology segment held the largest share of the market in 2019, and continued to register the highest CAGR in the market during the forecast period.
Application- Based Market Insights
Based on application, the liposome drug delivery market has been segmented into fungal diseases, cancer therapy, pain management, viral vaccines, and photodynamic therapy. The cancer therapy segment held the largest share of the market in 2019, and continued to register the highest CAGR in the market during the forecast period
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Asia Pacific Liposome Drug Delivery Market: Strategic Insights
Market Size Value in US$ 759.81 Million in 2019 Market Size Value by US$ 1,562.92 Million by 2027 Growth rate CAGR of 9.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Asia Pacific Liposome Drug Delivery Market: Strategic Insights
| Market Size Value in | US$ 759.81 Million in 2019 |
| Market Size Value by | US$ 1,562.92 Million by 2027 |
| Growth rate | CAGR of 9.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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High Rise in Popularity of Liposomes in Drug Delivery
Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the liposome drug delivery market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, Janssen Biotech, Inc. has given additional funding to support further research under its R&D Collaboration and Option to License Agreement with Dendright Pty Ltd (established by UniQuest, the main commercialization company of The University of Queensland) to develop Dendright's tolerizing immunotherapy for the treatment of patients with rheumatoid arthritis (RA). The collaboration will allow the conduct of a first-in-human safety and tolerability study in the second half of 2017 as a turning point in the development of a new liposomal drug product, DEN-181, which offers the potential to intercept RA at a very early stage.
ASIA PACIFIC LIPOSOME DRUG DELIVERY MARKET SEGMENTATION
By Product
- Liposomal Doxorubicin
- Liposomal Paclitaxel
- Liposomal Amphotericin B
- Others
By Technology
- Stealth Liposome Technology
- Non-PEGylated Liposome Technology
- DepoFoam Liposome Technology
- Lysolipid Thermally Sensitive Liposome (LTSL) Technology
By Application
- Fungal Diseases
- Cancer Therapy
- Pain Management
- Viral Vaccines
- Photodynamic Therapy
Companies Mentioned
- ASTELLAS PHARMA INC.
- JOHNSON AND JOHNSON SERVICES, INC.
- LUYE PHARMA GROUP
- TAKEDA PHARMACEUTICAL COMPANY LIMITED
- Novartis AG
- IpsenPharma
- Gilead Sciences, Inc
- Celsion, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Technology, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia PacificLiposome Drug Delivery Market – By Product
1.3.2 Asia PacificLiposome Drug Delivery Market– By Technology
1.3.3 Asia PacificLiposome Drug Delivery Market – By Application
1.3.4 Asia PacificLiposome Drug Delivery Market – By Geography
2. Asia PacificLiposome Drug Delivery Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia PacificLiposome Drug Delivery Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Liposome Drug Delivery Market - Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia PacificLiposome Drug Delivery Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 High Incidence Of Chronic Diseases Amongst the Population
5.1.2 An Upsurge In Need For Non-Invasive Drug Delivery Devices
5.1.3 Increasing Investments In R&D For Pharmaceutical Companies
5.2 Key Market Restraints
5.2.1 High Expense in Development of Drug Delivery Systems
5.3 Key Market Opportunities
5.3.1 New Developments in Lipid Composition for Stability and Optimization of Drugs
5.4 Future Trends
5.4.1 High Rise in Popularity of Liposomes in Drug Delivery
5.5 Impact Analysis
6. Liposome Drug Delivery Market – Asia Pacific Analysis
6.1 Asia PacificLiposome Drug Delivery MarketRevenue Forecasts and Analysis
7. Asia PacificLiposome Drug Delivery Market Analysis and Forecasts To 2027 – By Product
7.1 Overview
7.2 Asia PacificLiposome Drug Delivery Market, By Product 2019& 2027 (%)
7.3 Liposomal Doxorubicin
7.3.1 Overview
7.3.2 Liposomal Doxorubicin: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Liposomal Paclitaxel
7.4.1 Overview
7.4.2 Liposomal Paclitaxel: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Liposomal Amphotericin B
7.5.1 Overview
7.5.2 Liposomal Amphotericin B: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8. Liposome Drug Delivery Market – By Technology
8.1 Overview
8.2 Liposome Drug Delivery Market, by Technology, 2019 and 2027 (%)
8.3 Stealth Liposome Technology
8.3.1 Overview
8.3.2 Stealth Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Non-PEGylated Liposome Technology
8.4.1 Overview
8.4.2 Non-PEGylated Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8.5 DepoFoam Liposome Technology
8.5.1 Overview
8.5.2 DepoFoam Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Lysolipid Thermally Sensitive Liposome (LTSL) Technology
8.6.1 Overview
8.6.2 Lysolipid Thermally Sensitive Liposome (LTSL) Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9. Liposome Drug Delivery Market Analysis – By Application
9.1 Overview
9.2 Liposome Drug Delivery Market, by Application, 2019 and 2027 (%)
9.3 Fungal Diseases
9.3.1 Overview
9.3.2 Fungal Diseases: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Cancer Therapy
9.4.1 Overview
9.4.2 Cancer Therapy: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Pain Management
9.5.1 Overview
9.5.2 Pain Management: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Viral Vaccine
9.6.1 Overview
9.6.2 Viral Vaccine: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Photodynamic Therapy
9.7.1 Overview
9.7.2 Photodynamic Therapy: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10. Liposome Drug Delivery Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Asia PacificLiposome Drug Delivery MarketRevenue and Forecasts To 2027
10.1.1 Overview
10.1.2 Asia Pacific: Liposome Drug Delivery Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 Asia Pacific Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.4 Asia Pacific Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.5 Asia Pacific Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.6 Asia Pacific: Liposome Drug Delivery Market, by Country, 2019 & 2027 (%)
10.1.7 China: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 China: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 China Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 China Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 China Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.8 Japan: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Japan: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Japan Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Japan Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Japan Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.9 India: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 India: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 India Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 India Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 India Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.10 South Korea: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.1 South Korea: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.2 South Korea Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.10.3 South Korea Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.10.4 South Korea Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.11 Australia: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.1 Australia: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.2 Australia Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.11.3 Australia Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
10.1.11.4 Australia Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Asia PacificLiposome Drug Delivery Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Takeda Pharmaceutical Company Limited
12.2 Novartis AG
12.3 Luye Pharma Group
12.4 Johnson & Johnson Services, Inc.
12.5 Astellas Pharma Inc.
13. Appendix
13.1 About the Insight Partners
LIST OF TABLES
Table 1. Asia Pacific Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 2. Asia Pacific Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 3. Asia Pacific Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 4. China Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 5. China Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 6. China Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 7. Japan Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 8. Japan Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 9. Japan Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 10. India Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 11. India Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 12. India Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. South Korea Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 15. South Korea Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 16. Australia Liposome Drug Delivery Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 17. Australia Liposome Drug Delivery Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 18. Australia Liposome Drug Delivery Market, by Application – Revenue and Forecast to 2027 (USD Million)
LIST OF FIGURES
Figure 1. Liposome Drug Delivery Market Segmentation
Figure 2. Asia PacificLiposome Drug Delivery Market Overview
Figure 3. The Liposomal Doxorubicin Segment Held Largest Share of Product Segment In Liposome Drug Delivery Market
Figure 4. Japan Is Expected to Show Highest Market Share During the Forecast Period
Figure 5. Liposome Drug Delivery Market - Asia Pacific PEST Analysis
Figure 6. Liposome Drug Delivery Market Impact Analysis of Driver and Restraints
Figure 7. Asia PacificLiposome Drug Delivery Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 8. Asia PacificLiposome Drug Delivery Market, By Product 2019 & 2027 (%)
Figure 9. Liposomal Doxorubicin: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Liposomal Paclitaxel: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Liposomal Amphotericin B: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Others: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Liposome Drug Delivery Market, by Technology, 2019 and 2027 (%)
Figure 14. Stealth Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Non-PEGylated Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. DepoFoam Liposome Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Lysolipid Thermally Sensitive Liposome (LTSL) Technology: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Liposome Drug Delivery Market, by Application, 2019 and 2027 (%)
Figure 19. Fungal Diseases: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Cancer Therapy: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Pain Management: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Viral Vaccine: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Photodynamic Therapy: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Asia Pacific: Liposome Drug Delivery Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Asia Pacific Liposome Drug Delivery Market Revenue and Forecast to 2027 (USD Million)
Figure 26. Asia Pacific: Liposome Drug Delivery Market, by Country, 2019 & 2027 (%)
Figure 27. China: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Japan: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
Figure 29. India: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. South Korea: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Australia: Liposome Drug Delivery Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
The List of Companies - Asia Pacific Liposome Drug Delivery Market
- ASTELLAS PHARMA INC.
- JOHNSON AND JOHNSON SERVICES, INC.
- LUYE PHARMA GROUP
- TAKEDA PHARMACEUTICAL COMPANY LIMITED
- Novartis AG
- Ipsen Pharma
- Gilead Sciences, Inc
- Celsion, Inc.
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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