Digital Ear Thermometer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Digital Ear Thermometer Market covers analysis By Product (non-contact type and contact type); Application(hospital and clinic, home use, and others); , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00026051
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

The science and activities relating to the identification, assessment, understanding, and prevention of adverse effects or any other drug-related problem is referred to as pharmacovigilance (PV). In the pharmaceutical and biotechnology industries, pharmacovigilance is crucial in the development of drugs and their dosage forms. Pharmacovigilance is gathering information from healthcare practitioners and patients in order to learn about pharmaceutical risks, benefits and contraindications associated with the medication.

MARKET SCOPE

The "Global Pharmacovigilance Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pharmacovigilance market with detailed market segmentation by clinical trial phase, service provider, type of method and end user. The report provides key statistics on the market status of the leading pharmacovigilance market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on clinical trial phase the market is segmented as, pre-clinical, phase-I, Phase-II, phase-III, phase-IV.
  •   Based on service provider the market is segmented as, in-house, contract outsourcing.
  •   Based on type of method the market is segmented as, spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort, event monitoring, EHR mining.
  •   Based on end user the market is segmented as, hospitals, research organizations, pharmaceutical and biotech companies.


MARKET DYNAMICS
Drivers:

  •   Fast growth in pharmaceutical & biotechnology companies.
  •   Increasing number of new drug launches and growth in clinical and preclinical trials.
  •   Growing government support and funding for clinical trials and post market studies for assesing safety of drugs.
  •   Rising prevalences of ADR across the globe is also expected to spur market growth during the forecast period.

Restraints:

  •   Issues such as dearth of skilled professionals, issue of data security and need for continuous monitoring are expected to restrain market growth during the forecast period.

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 Pharmacovigilance 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 Pharmacovigilance market in these regions.

IMPACT OF COVID-19 ON PHARMACOVIGILANCE 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. At this time, health agencies across the world are reviewing the pandemic's impact and offering fresh guidelines on how sponsors should manage clinical trials and MAHs should manage pharmacovigilance systems. Sponsors should be more watchful and proactive in evaluating the consequences of the pandemic and changes in authority expectations in order to minimize the impact on safety reporting and protect patient safety in this fast changing environment. To avoid clinical disturbances, it is now more necessary than ever to request new instructions and quickly adopt regulatory changes. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections 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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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 Pharmacovigilance 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 Pharmacovigilance market in these regions.

IMPACT OF COVID-19 ON PHARMACOVIGILANCE 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. At this time, health agencies across the world are reviewing the pandemic's impact and offering fresh guidelines on how sponsors should manage clinical trials and MAHs should manage pharmacovigilance systems. Sponsors should be more watchful and proactive in evaluating the consequences of the pandemic and changes in authority expectations in order to minimize the impact on safety reporting and protect patient safety in this fast changing environment. To avoid clinical disturbances, it is now more necessary than ever to request new instructions and quickly adopt regulatory changes. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections 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 Pharmacovigilance 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 Pharmacovigilance market are anticipated to lucrative growth opportunities in the future with the rising demand for Pharmacovigilance in the global market.

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

  •   Accenture
  •   Cognizant
  •   IQVIA Inc
  •   Sciformix
  •   Cognizant
  •   Tata Consultancy Services Limited
  •   Capgemini
  •   IBM
  •   Parexel International Corporation
  •   Wipro Ltd.
The Insight Partner's dedicated 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 Digital Ear Thermometer Market - By Product
1.3.2 Digital Ear Thermometer Market - By Application
1.3.3 Digital Ear Thermometer Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL EAR THERMOMETER 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. DIGITAL EAR THERMOMETER 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. DIGITAL EAR THERMOMETER MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL EAR THERMOMETER - GLOBAL MARKET OVERVIEW
6.2. DIGITAL EAR THERMOMETER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DIGITAL EAR THERMOMETER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. NON-CONTACT TYPE
7.3.1. Overview
7.3.2. Non-contact Type Market Forecast and Analysis
7.4. CONTACT TYPE
7.4.1. Overview
7.4.2. Contact Type Market Forecast and Analysis
8. DIGITAL EAR THERMOMETER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL AND CLINICS
8.3.1. Overview
8.3.2. Hospital and Clinics Market Forecast and Analysis
8.4. HOME USE
8.4.1. Overview
8.4.2. Home Use Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. DIGITAL EAR THERMOMETER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Digital Ear Thermometer Market Overview
9.1.2 North America Digital Ear Thermometer Market Forecasts and Analysis
9.1.3 North America Digital Ear Thermometer Market Forecasts and Analysis - By Product
9.1.4 North America Digital Ear Thermometer Market Forecasts and Analysis - By Application
9.1.5 North America Digital Ear Thermometer Market Forecasts and Analysis - By Countries
9.1.5.1 United States Digital Ear Thermometer Market
9.1.5.1.1 United States Digital Ear Thermometer Market by Product
9.1.5.1.2 United States Digital Ear Thermometer Market by Application
9.1.5.2 Canada Digital Ear Thermometer Market
9.1.5.2.1 Canada Digital Ear Thermometer Market by Product
9.1.5.2.2 Canada Digital Ear Thermometer Market by Application
9.1.5.3 Mexico Digital Ear Thermometer Market
9.1.5.3.1 Mexico Digital Ear Thermometer Market by Product
9.1.5.3.2 Mexico Digital Ear Thermometer Market by Application
9.2. EUROPE
9.2.1 Europe Digital Ear Thermometer Market Overview
9.2.2 Europe Digital Ear Thermometer Market Forecasts and Analysis
9.2.3 Europe Digital Ear Thermometer Market Forecasts and Analysis - By Product
9.2.4 Europe Digital Ear Thermometer Market Forecasts and Analysis - By Application
9.2.5 Europe Digital Ear Thermometer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Digital Ear Thermometer Market
9.2.5.1.1 Germany Digital Ear Thermometer Market by Product
9.2.5.1.2 Germany Digital Ear Thermometer Market by Application
9.2.5.2 France Digital Ear Thermometer Market
9.2.5.2.1 France Digital Ear Thermometer Market by Product
9.2.5.2.2 France Digital Ear Thermometer Market by Application
9.2.5.3 Italy Digital Ear Thermometer Market
9.2.5.3.1 Italy Digital Ear Thermometer Market by Product
9.2.5.3.2 Italy Digital Ear Thermometer Market by Application
9.2.5.4 Spain Digital Ear Thermometer Market
9.2.5.4.1 Spain Digital Ear Thermometer Market by Product
9.2.5.4.2 Spain Digital Ear Thermometer Market by Application
9.2.5.5 United Kingdom Digital Ear Thermometer Market
9.2.5.5.1 United Kingdom Digital Ear Thermometer Market by Product
9.2.5.5.2 United Kingdom Digital Ear Thermometer Market by Application
9.2.5.6 Rest of Europe Digital Ear Thermometer Market
9.2.5.6.1 Rest of Europe Digital Ear Thermometer Market by Product
9.2.5.6.2 Rest of Europe Digital Ear Thermometer Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Digital Ear Thermometer Market Overview
9.3.2 Asia-Pacific Digital Ear Thermometer Market Forecasts and Analysis
9.3.3 Asia-Pacific Digital Ear Thermometer Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Digital Ear Thermometer Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Digital Ear Thermometer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Digital Ear Thermometer Market
9.3.5.1.1 Australia Digital Ear Thermometer Market by Product
9.3.5.1.2 Australia Digital Ear Thermometer Market by Application
9.3.5.2 China Digital Ear Thermometer Market
9.3.5.2.1 China Digital Ear Thermometer Market by Product
9.3.5.2.2 China Digital Ear Thermometer Market by Application
9.3.5.3 India Digital Ear Thermometer Market
9.3.5.3.1 India Digital Ear Thermometer Market by Product
9.3.5.3.2 India Digital Ear Thermometer Market by Application
9.3.5.4 Japan Digital Ear Thermometer Market
9.3.5.4.1 Japan Digital Ear Thermometer Market by Product
9.3.5.4.2 Japan Digital Ear Thermometer Market by Application
9.3.5.5 South Korea Digital Ear Thermometer Market
9.3.5.5.1 South Korea Digital Ear Thermometer Market by Product
9.3.5.5.2 South Korea Digital Ear Thermometer Market by Application
9.3.5.6 Rest of Asia-Pacific Digital Ear Thermometer Market
9.3.5.6.1 Rest of Asia-Pacific Digital Ear Thermometer Market by Product
9.3.5.6.2 Rest of Asia-Pacific Digital Ear Thermometer Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Digital Ear Thermometer Market Overview
9.4.2 Middle East and Africa Digital Ear Thermometer Market Forecasts and Analysis
9.4.3 Middle East and Africa Digital Ear Thermometer Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Digital Ear Thermometer Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Digital Ear Thermometer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Digital Ear Thermometer Market
9.4.5.1.1 South Africa Digital Ear Thermometer Market by Product
9.4.5.1.2 South Africa Digital Ear Thermometer Market by Application
9.4.5.2 Saudi Arabia Digital Ear Thermometer Market
9.4.5.2.1 Saudi Arabia Digital Ear Thermometer Market by Product
9.4.5.2.2 Saudi Arabia Digital Ear Thermometer Market by Application
9.4.5.3 U.A.E Digital Ear Thermometer Market
9.4.5.3.1 U.A.E Digital Ear Thermometer Market by Product
9.4.5.3.2 U.A.E Digital Ear Thermometer Market by Application
9.4.5.4 Rest of Middle East and Africa Digital Ear Thermometer Market
9.4.5.4.1 Rest of Middle East and Africa Digital Ear Thermometer Market by Product
9.4.5.4.2 Rest of Middle East and Africa Digital Ear Thermometer Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Digital Ear Thermometer Market Overview
9.5.2 South and Central America Digital Ear Thermometer Market Forecasts and Analysis
9.5.3 South and Central America Digital Ear Thermometer Market Forecasts and Analysis - By Product
9.5.4 South and Central America Digital Ear Thermometer Market Forecasts and Analysis - By Application
9.5.5 South and Central America Digital Ear Thermometer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Digital Ear Thermometer Market
9.5.5.1.1 Brazil Digital Ear Thermometer Market by Product
9.5.5.1.2 Brazil Digital Ear Thermometer Market by Application
9.5.5.2 Argentina Digital Ear Thermometer Market
9.5.5.2.1 Argentina Digital Ear Thermometer Market by Product
9.5.5.2.2 Argentina Digital Ear Thermometer Market by Application
9.5.5.3 Rest of South and Central America Digital Ear Thermometer Market
9.5.5.3.1 Rest of South and Central America Digital Ear Thermometer Market by Product
9.5.5.3.2 Rest of South and Central America Digital Ear Thermometer Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DIGITAL EAR THERMOMETER 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. DIGITAL EAR THERMOMETER MARKET, KEY COMPANY PROFILES
12.1. BRAUN
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. MICROLIFE 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. GF HEALTH PRODUCTS, 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. SAMICO ELECTRONICS LIMITED
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. IPROVEN
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. OMNIA HEALTH
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. EASYTEM
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. WELCH ALLYN
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. NARANG MEDICAL LIMITED
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. OMRON CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Braun
2. Microlife Corporation
3. GF HEALTH PRODUCTS, INC.
4. SAMICO ELECTRONICS LIMITED
5. iProven
6. Omnia Health
7. EasyTEM
8. Welch Allyn
9. Narang Medical Limited
10. OMRON 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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