Automated Drug Kiosk Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Automated Drug Kiosk Market covers analysis By Type (Wellness Products, Prescription Medication and Online Management, Over The Counter Medication, and Others); End Use (Hospitals and Clinics, Ambulatory Care, Workplace, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00023195
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Automated drug kiosks are automated medication dispensing units, which use a computer-controlled storage unit for administering medications. Automated drug kiosks perform operations other than compounding or administration, which gathers and maintains all transaction information. Automated drug kiosks are filled with pre-packaged medications and are overseen by pharmacists. Prescription e-script are pass on to the machine which dispenses the medications after the patient enters information. The device is equipped with a phone and video monitor and has access to a pharmacist and a physician.

MARKET SCOPE

The "Global Automated Drug Kiosk Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Automated drug kiosk market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Automated drug kiosk market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on type, the global Automated drug kiosk market is segmented into wellness products, prescription medication and online management, over the counter medication, others.
  •  On the basis of end use, the market is segmented into hospitals and clinics, ambulatory care, workplace, others.

MARKET DYNAMICS
Drivers

  •   Rise in the incidences of lifestyle-related illnesses.
  •   Rise in the healthcare expenditure.
  •   Increased efficiency in the dispensing of medication.
  •   Reduction of labor costs and medication errors and enhanced accuracy and speed.

Restraints

  •   The high installation cost, lack of awareness is the major restraining factor for this market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automated drug kiosk 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 Automated drug kiosk market in these regions.

IMPACT OF COVID-19 ON AUTOMATED DRUG KIOSK MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automated drug kiosk 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 Automated drug kiosk market in these regions.

IMPACT OF COVID-19 ON AUTOMATED DRUG KIOSK MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Automated drug kiosk 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automated drug kiosk market are anticipated to lucrative growth opportunities in the future with the rising demand for Automated drug kiosk in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automated drug kiosk 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.

  •  Smart RX Systems
  •  MC HealthGrid Pvt Ltd.
  •  Asteres Inc.
  •  Distributed Delivery Networks Corp
  •  TES America LLC
  •  Amerisource Bergen Corporation
  •  Accu Chart Plus Healthcare Systems, Inc.
  •  Omnicell, Inc.
  •  McKesson Corporation
  •  Pearson Medical Technologies, LLC

The Insight Partner's dediAutomated drug kiosked research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • 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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

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 Automated Drug Kiosk Market - By Type
1.3.2 Automated Drug Kiosk Market - By End Use
1.3.3 Automated Drug Kiosk Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMATED DRUG KIOSK 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. AUTOMATED DRUG KIOSK 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. AUTOMATED DRUG KIOSK MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMATED DRUG KIOSK - GLOBAL MARKET OVERVIEW
6.2. AUTOMATED DRUG KIOSK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AUTOMATED DRUG KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WELLNESS PRODUCTS
7.3.1. Overview
7.3.2. Wellness Products Market Forecast and Analysis
7.4. PRESCRIPTION MEDICATION AND ONLINE MANAGEMENT
7.4.1. Overview
7.4.2. Prescription Medication and Online Management Market Forecast and Analysis
7.5. OVER THE COUNTER MEDICATION
7.5.1. Overview
7.5.2. Over The Counter Medication Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. AUTOMATED DRUG KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS AND CLINICS
8.3.1. Overview
8.3.2. Hospitals and Clinics Market Forecast and Analysis
8.4. AMBULATORY CARE
8.4.1. Overview
8.4.2. Ambulatory Care Market Forecast and Analysis
8.5. WORKPLACE
8.5.1. Overview
8.5.2. Workplace Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AUTOMATED DRUG KIOSK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automated Drug Kiosk Market Overview
9.1.2 North America Automated Drug Kiosk Market Forecasts and Analysis
9.1.3 North America Automated Drug Kiosk Market Forecasts and Analysis - By Type
9.1.4 North America Automated Drug Kiosk Market Forecasts and Analysis - By End Use
9.1.5 North America Automated Drug Kiosk Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automated Drug Kiosk Market
9.1.5.1.1 United States Automated Drug Kiosk Market by Type
9.1.5.1.2 United States Automated Drug Kiosk Market by End Use
9.1.5.2 Canada Automated Drug Kiosk Market
9.1.5.2.1 Canada Automated Drug Kiosk Market by Type
9.1.5.2.2 Canada Automated Drug Kiosk Market by End Use
9.1.5.3 Mexico Automated Drug Kiosk Market
9.1.5.3.1 Mexico Automated Drug Kiosk Market by Type
9.1.5.3.2 Mexico Automated Drug Kiosk Market by End Use
9.2. EUROPE
9.2.1 Europe Automated Drug Kiosk Market Overview
9.2.2 Europe Automated Drug Kiosk Market Forecasts and Analysis
9.2.3 Europe Automated Drug Kiosk Market Forecasts and Analysis - By Type
9.2.4 Europe Automated Drug Kiosk Market Forecasts and Analysis - By End Use
9.2.5 Europe Automated Drug Kiosk Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automated Drug Kiosk Market
9.2.5.1.1 Germany Automated Drug Kiosk Market by Type
9.2.5.1.2 Germany Automated Drug Kiosk Market by End Use
9.2.5.2 France Automated Drug Kiosk Market
9.2.5.2.1 France Automated Drug Kiosk Market by Type
9.2.5.2.2 France Automated Drug Kiosk Market by End Use
9.2.5.3 Italy Automated Drug Kiosk Market
9.2.5.3.1 Italy Automated Drug Kiosk Market by Type
9.2.5.3.2 Italy Automated Drug Kiosk Market by End Use
9.2.5.4 Spain Automated Drug Kiosk Market
9.2.5.4.1 Spain Automated Drug Kiosk Market by Type
9.2.5.4.2 Spain Automated Drug Kiosk Market by End Use
9.2.5.5 United Kingdom Automated Drug Kiosk Market
9.2.5.5.1 United Kingdom Automated Drug Kiosk Market by Type
9.2.5.5.2 United Kingdom Automated Drug Kiosk Market by End Use
9.2.5.6 Rest of Europe Automated Drug Kiosk Market
9.2.5.6.1 Rest of Europe Automated Drug Kiosk Market by Type
9.2.5.6.2 Rest of Europe Automated Drug Kiosk Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automated Drug Kiosk Market Overview
9.3.2 Asia-Pacific Automated Drug Kiosk Market Forecasts and Analysis
9.3.3 Asia-Pacific Automated Drug Kiosk Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Automated Drug Kiosk Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Automated Drug Kiosk Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automated Drug Kiosk Market
9.3.5.1.1 Australia Automated Drug Kiosk Market by Type
9.3.5.1.2 Australia Automated Drug Kiosk Market by End Use
9.3.5.2 China Automated Drug Kiosk Market
9.3.5.2.1 China Automated Drug Kiosk Market by Type
9.3.5.2.2 China Automated Drug Kiosk Market by End Use
9.3.5.3 India Automated Drug Kiosk Market
9.3.5.3.1 India Automated Drug Kiosk Market by Type
9.3.5.3.2 India Automated Drug Kiosk Market by End Use
9.3.5.4 Japan Automated Drug Kiosk Market
9.3.5.4.1 Japan Automated Drug Kiosk Market by Type
9.3.5.4.2 Japan Automated Drug Kiosk Market by End Use
9.3.5.5 South Korea Automated Drug Kiosk Market
9.3.5.5.1 South Korea Automated Drug Kiosk Market by Type
9.3.5.5.2 South Korea Automated Drug Kiosk Market by End Use
9.3.5.6 Rest of Asia-Pacific Automated Drug Kiosk Market
9.3.5.6.1 Rest of Asia-Pacific Automated Drug Kiosk Market by Type
9.3.5.6.2 Rest of Asia-Pacific Automated Drug Kiosk Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automated Drug Kiosk Market Overview
9.4.2 Middle East and Africa Automated Drug Kiosk Market Forecasts and Analysis
9.4.3 Middle East and Africa Automated Drug Kiosk Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Automated Drug Kiosk Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Automated Drug Kiosk Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automated Drug Kiosk Market
9.4.5.1.1 South Africa Automated Drug Kiosk Market by Type
9.4.5.1.2 South Africa Automated Drug Kiosk Market by End Use
9.4.5.2 Saudi Arabia Automated Drug Kiosk Market
9.4.5.2.1 Saudi Arabia Automated Drug Kiosk Market by Type
9.4.5.2.2 Saudi Arabia Automated Drug Kiosk Market by End Use
9.4.5.3 U.A.E Automated Drug Kiosk Market
9.4.5.3.1 U.A.E Automated Drug Kiosk Market by Type
9.4.5.3.2 U.A.E Automated Drug Kiosk Market by End Use
9.4.5.4 Rest of Middle East and Africa Automated Drug Kiosk Market
9.4.5.4.1 Rest of Middle East and Africa Automated Drug Kiosk Market by Type
9.4.5.4.2 Rest of Middle East and Africa Automated Drug Kiosk Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automated Drug Kiosk Market Overview
9.5.2 South and Central America Automated Drug Kiosk Market Forecasts and Analysis
9.5.3 South and Central America Automated Drug Kiosk Market Forecasts and Analysis - By Type
9.5.4 South and Central America Automated Drug Kiosk Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Automated Drug Kiosk Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automated Drug Kiosk Market
9.5.5.1.1 Brazil Automated Drug Kiosk Market by Type
9.5.5.1.2 Brazil Automated Drug Kiosk Market by End Use
9.5.5.2 Argentina Automated Drug Kiosk Market
9.5.5.2.1 Argentina Automated Drug Kiosk Market by Type
9.5.5.2.2 Argentina Automated Drug Kiosk Market by End Use
9.5.5.3 Rest of South and Central America Automated Drug Kiosk Market
9.5.5.3.1 Rest of South and Central America Automated Drug Kiosk Market by Type
9.5.5.3.2 Rest of South and Central America Automated Drug Kiosk Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL AUTOMATED DRUG KIOSK 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. AUTOMATED DRUG KIOSK MARKET, KEY COMPANY PROFILES
12.1. SMART RX SYSTEMS
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. MC HEALTHGRID PVT LTD.
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. ASTERES 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. DISTRIBUTED DELIVERY NETWORKS CORP
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. TES AMERICA LLC
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. AMERISOURCE BERGEN CORPORATION
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. ACCU CHART PLUS HEALTHCARE SYSTEMS, INC
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. OMNICELL, 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. MCKESSON CORPORATION
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. PEARSON MEDICAL TECHNOLOGIES, LLC
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
The List of Companies

1. Smart RX Systems
2. MC HealthGrid Pvt Ltd.
3. Asteres Inc.
4. Distributed Delivery Networks Corp
5. TES America LLC
6. Amerisource Bergen Corporation
7. Accu Chart Plus Healthcare Systems, Inc.
8. Omnicell, Inc.
9. McKesson Corporation
10. Pearson Medical Technologies, LLC
11. Baxter
12. Talyst, LLC
13. ScriptPro, LLC
14. CareFusion (Becton Dickinson And Company)
15. Medacist Solutions Group, LLC
16. Kirby Lester
17. Cerner Corporation
18. ARxIUM
19. TouchPoint Medical

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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