Drug abuse or substance abuse signifies the utilization of specific chemicals for the purpose of creating pleasurable effects on the brain. With increased people's inclination towards an unhealthy lifestyle, intake of alcohol and illicit drugs has grown. Diagnosing drug addiction in patients, the types of drug involved, evaluation of drug abuse are the thesis of the drug abuse testing market. Drugs of abuse testing is a clinical screening procedure to detect one or more illegal substances like drugs, chemicals to which the patient is addicted. This clinical screening test is performed on the patient's hair, saliva, urine, blood, or sweat by using various devices.
MARKET DYNAMICS
The increasing prevalence of chronic diseases, increasing illicit drugs, alcohol, tobacco consumption, and increased mental disorder cases due to high drug doses are factors expected to drive the global drugs of abuse testing devices market. Also, a rise in government initiatives to monitor and combat substance abuse, rapid technological advancements, and increasing drug-related mortality is expected to boost the market globally. Due to the Covid-19 situation, the drug abuse market saw a steadiness, the drug abuse screening tests were limited; hence, lesser demand for drug testing devices resulted in a standstill market growth. However, lack of awareness, inadequate infrastructure for providing drug testing devices, and low approach of laws regarding drug abuse testing in the developing and underdeveloped economies may hamper the market growth.
MARKET SCOPE
The "Drugs of Abuse Testing Devices 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 drugs of abuse testing devices market with detailed market segmentation by type, application and end-user. The drugs of abuse testing devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in drugs of abuse testing devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The drugs of abuse testing devices market are segmented on the basis of type, application and end-user. On the basis of type, the market is segmented into immunoassay analyzers, chromatography instruments, and breathe analyzers. On the basis of application, the market is segmented as breath, urine, blood, and others. On the basis of end-users, the market is segmented as hospitals, diagnostics laboratories, forensic laboratories, drug rehabilitation centers, and government and private departments.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the drugs of abuse testing devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drugs of abuse testing devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting drugs of abuse testing devices market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors affecting the drugs of abuse testing devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the drugs of abuse testing devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drugs of abuse testing devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting drugs of abuse testing devices market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors affecting the drugs of abuse testing devices market in these regions.
MARKET PLAYERS
The report covers key developments in the drugs of abuse testing devices 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from drugs of abuse testing devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for drugs of abuse testing devices in the global market. Below mentioned is the list of few companies engaged in the drugs of abuse testing devices market.
The report also includes the profiles of key players in drugs of abuse testing devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Siemens Healthineers
- Thermo Fisher Scientific
- F. Hoffmann La-Roche Ltd
- Alere, Inc.
- Laboratory Corporation of America Holdings
- Shimadzu Corporation
- Draeger
- Express Diagnostics International
- Abbott Toxicology
- OraSure Technologies, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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
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 Drugs Of Abuse Testing Devices Market - By Type
1.3.2 Drugs Of Abuse Testing Devices Market - By Application
1.3.3 Drugs Of Abuse Testing Devices Market - By End-Users
1.3.4 Drugs Of Abuse Testing Devices Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRUGS OF ABUSE TESTING DEVICES 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. DRUGS OF ABUSE TESTING DEVICES 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. DRUGS OF ABUSE TESTING DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. DRUGS OF ABUSE TESTING DEVICES - GLOBAL MARKET OVERVIEW
6.2. DRUGS OF ABUSE TESTING DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DRUGS OF ABUSE TESTING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMMUNOASSAY ANALYZERS
7.3.1. Overview
7.3.2. Immunoassay Analyzers Market Forecast and Analysis
7.4. CHROMATOGRAPHY INSTRUMENTS
7.4.1. Overview
7.4.2. Chromatography Instruments Market Forecast and Analysis
7.5. BREATHE ANALYZERS.
7.5.1. Overview
7.5.2. Breathe Analyzers. Market Forecast and Analysis
8. DRUGS OF ABUSE TESTING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BREATH
8.3.1. Overview
8.3.2. Breath Market Forecast and Analysis
8.4. URINE
8.4.1. Overview
8.4.2. Urine Market Forecast and Analysis
8.5. BLOOD
8.5.1. Overview
8.5.2. Blood Market Forecast and Analysis
8.6. OTHERS.
8.6.1. Overview
8.6.2. Others. Market Forecast and Analysis
9. DRUGS OF ABUSE TESTING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
9.1. OVERVIEW
9.2. END-USERS MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTICS LABORATORIES
9.4.1. Overview
9.4.2. Diagnostics Laboratories Market Forecast and Analysis
9.5. FORENSIC LABORATORIES
9.5.1. Overview
9.5.2. Forensic Laboratories Market Forecast and Analysis
9.6. DRUG REHABILITATION CENTERS
9.6.1. Overview
9.6.2. Drug Rehabilitation Centers Market Forecast and Analysis
9.7. GOVERNMENT AND PRIVATE DEPARTMENTS.
9.7.1. Overview
9.7.2. Government And Private Departments. Market Forecast and Analysis
10. DRUGS OF ABUSE TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Drugs Of Abuse Testing Devices Market Overview
10.1.2 North America Drugs Of Abuse Testing Devices Market Forecasts and Analysis
10.1.3 North America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Type
10.1.4 North America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Application
10.1.5 North America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By End-Users
10.1.6 North America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Drugs Of Abuse Testing Devices Market
10.1.6.1.1 Canada Drugs Of Abuse Testing Devices Market by Type
10.1.6.1.2 Canada Drugs Of Abuse Testing Devices Market by Application
10.1.6.1.3 Canada Drugs Of Abuse Testing Devices Market by End-Users
10.1.6.2 Mexico Drugs Of Abuse Testing Devices Market
10.1.6.2.1 Mexico Drugs Of Abuse Testing Devices Market by Type
10.1.6.2.2 Mexico Drugs Of Abuse Testing Devices Market by Application
10.1.6.2.3 Mexico Drugs Of Abuse Testing Devices Market by End-Users
10.1.6.3 US Drugs Of Abuse Testing Devices Market
10.1.6.3.1 US Drugs Of Abuse Testing Devices Market by Type
10.1.6.3.2 US Drugs Of Abuse Testing Devices Market by Application
10.1.6.3.3 US Drugs Of Abuse Testing Devices Market by End-Users
10.2. EUROPE
10.2.1 Europe Drugs Of Abuse Testing Devices Market Overview
10.2.2 Europe Drugs Of Abuse Testing Devices Market Forecasts and Analysis
10.2.3 Europe Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Type
10.2.4 Europe Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Application
10.2.5 Europe Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By End-Users
10.2.6 Europe Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Drugs Of Abuse Testing Devices Market
10.2.6.1.1 Germany Drugs Of Abuse Testing Devices Market by Type
10.2.6.1.2 Germany Drugs Of Abuse Testing Devices Market by Application
10.2.6.1.3 Germany Drugs Of Abuse Testing Devices Market by End-Users
10.2.6.2 France Drugs Of Abuse Testing Devices Market
10.2.6.2.1 France Drugs Of Abuse Testing Devices Market by Type
10.2.6.2.2 France Drugs Of Abuse Testing Devices Market by Application
10.2.6.2.3 France Drugs Of Abuse Testing Devices Market by End-Users
10.2.6.3 Italy Drugs Of Abuse Testing Devices Market
10.2.6.3.1 Italy Drugs Of Abuse Testing Devices Market by Type
10.2.6.3.2 Italy Drugs Of Abuse Testing Devices Market by Application
10.2.6.3.3 Italy Drugs Of Abuse Testing Devices Market by End-Users
10.2.6.4 Spain Drugs Of Abuse Testing Devices Market
10.2.6.4.1 Spain Drugs Of Abuse Testing Devices Market by Type
10.2.6.4.2 Spain Drugs Of Abuse Testing Devices Market by Application
10.2.6.4.3 Spain Drugs Of Abuse Testing Devices Market by End-Users
10.2.6.5 United Kingdom Drugs Of Abuse Testing Devices Market
10.2.6.5.1 United Kingdom Drugs Of Abuse Testing Devices Market by Type
10.2.6.5.2 United Kingdom Drugs Of Abuse Testing Devices Market by Application
10.2.6.5.3 United Kingdom Drugs Of Abuse Testing Devices Market by End-Users
10.2.6.6 Rest of Europe Drugs Of Abuse Testing Devices Market
10.2.6.6.1 Rest of Europe Drugs Of Abuse Testing Devices Market by Type
10.2.6.6.2 Rest of Europe Drugs Of Abuse Testing Devices Market by Application
10.2.6.6.3 Rest of Europe Drugs Of Abuse Testing Devices Market by End-Users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Drugs Of Abuse Testing Devices Market Overview
10.3.2 Asia-Pacific Drugs Of Abuse Testing Devices Market Forecasts and Analysis
10.3.3 Asia-Pacific Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By End-Users
10.3.6 Asia-Pacific Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Drugs Of Abuse Testing Devices Market
10.3.6.1.1 Australia Drugs Of Abuse Testing Devices Market by Type
10.3.6.1.2 Australia Drugs Of Abuse Testing Devices Market by Application
10.3.6.1.3 Australia Drugs Of Abuse Testing Devices Market by End-Users
10.3.6.2 China Drugs Of Abuse Testing Devices Market
10.3.6.2.1 China Drugs Of Abuse Testing Devices Market by Type
10.3.6.2.2 China Drugs Of Abuse Testing Devices Market by Application
10.3.6.2.3 China Drugs Of Abuse Testing Devices Market by End-Users
10.3.6.3 India Drugs Of Abuse Testing Devices Market
10.3.6.3.1 India Drugs Of Abuse Testing Devices Market by Type
10.3.6.3.2 India Drugs Of Abuse Testing Devices Market by Application
10.3.6.3.3 India Drugs Of Abuse Testing Devices Market by End-Users
10.3.6.4 Japan Drugs Of Abuse Testing Devices Market
10.3.6.4.1 Japan Drugs Of Abuse Testing Devices Market by Type
10.3.6.4.2 Japan Drugs Of Abuse Testing Devices Market by Application
10.3.6.4.3 Japan Drugs Of Abuse Testing Devices Market by End-Users
10.3.6.5 South Korea Drugs Of Abuse Testing Devices Market
10.3.6.5.1 South Korea Drugs Of Abuse Testing Devices Market by Type
10.3.6.5.2 South Korea Drugs Of Abuse Testing Devices Market by Application
10.3.6.5.3 South Korea Drugs Of Abuse Testing Devices Market by End-Users
10.3.6.6 Rest of Asia-Pacific Drugs Of Abuse Testing Devices Market
10.3.6.6.1 Rest of Asia-Pacific Drugs Of Abuse Testing Devices Market by Type
10.3.6.6.2 Rest of Asia-Pacific Drugs Of Abuse Testing Devices Market by Application
10.3.6.6.3 Rest of Asia-Pacific Drugs Of Abuse Testing Devices Market by End-Users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Drugs Of Abuse Testing Devices Market Overview
10.4.2 Middle East and Africa Drugs Of Abuse Testing Devices Market Forecasts and Analysis
10.4.3 Middle East and Africa Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By End-Users
10.4.6 Middle East and Africa Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Drugs Of Abuse Testing Devices Market
10.4.6.1.1 South Africa Drugs Of Abuse Testing Devices Market by Type
10.4.6.1.2 South Africa Drugs Of Abuse Testing Devices Market by Application
10.4.6.1.3 South Africa Drugs Of Abuse Testing Devices Market by End-Users
10.4.6.2 Saudi Arabia Drugs Of Abuse Testing Devices Market
10.4.6.2.1 Saudi Arabia Drugs Of Abuse Testing Devices Market by Type
10.4.6.2.2 Saudi Arabia Drugs Of Abuse Testing Devices Market by Application
10.4.6.2.3 Saudi Arabia Drugs Of Abuse Testing Devices Market by End-Users
10.4.6.3 U.A.E Drugs Of Abuse Testing Devices Market
10.4.6.3.1 U.A.E Drugs Of Abuse Testing Devices Market by Type
10.4.6.3.2 U.A.E Drugs Of Abuse Testing Devices Market by Application
10.4.6.3.3 U.A.E Drugs Of Abuse Testing Devices Market by End-Users
10.4.6.4 Rest of Middle East and Africa Drugs Of Abuse Testing Devices Market
10.4.6.4.1 Rest of Middle East and Africa Drugs Of Abuse Testing Devices Market by Type
10.4.6.4.2 Rest of Middle East and Africa Drugs Of Abuse Testing Devices Market by Application
10.4.6.4.3 Rest of Middle East and Africa Drugs Of Abuse Testing Devices Market by End-Users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Drugs Of Abuse Testing Devices Market Overview
10.5.2 South and Central America Drugs Of Abuse Testing Devices Market Forecasts and Analysis
10.5.3 South and Central America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Type
10.5.4 South and Central America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Application
10.5.5 South and Central America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By End-Users
10.5.6 South and Central America Drugs Of Abuse Testing Devices Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Drugs Of Abuse Testing Devices Market
10.5.6.1.1 Brazil Drugs Of Abuse Testing Devices Market by Type
10.5.6.1.2 Brazil Drugs Of Abuse Testing Devices Market by Application
10.5.6.1.3 Brazil Drugs Of Abuse Testing Devices Market by End-Users
10.5.6.2 Argentina Drugs Of Abuse Testing Devices Market
10.5.6.2.1 Argentina Drugs Of Abuse Testing Devices Market by Type
10.5.6.2.2 Argentina Drugs Of Abuse Testing Devices Market by Application
10.5.6.2.3 Argentina Drugs Of Abuse Testing Devices Market by End-Users
10.5.6.3 Rest of South and Central America Drugs Of Abuse Testing Devices Market
10.5.6.3.1 Rest of South and Central America Drugs Of Abuse Testing Devices Market by Type
10.5.6.3.2 Rest of South and Central America Drugs Of Abuse Testing Devices Market by Application
10.5.6.3.3 Rest of South and Central America Drugs Of Abuse Testing Devices Market by End-Users
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. DRUGS OF ABUSE TESTING DEVICES MARKET, KEY COMPANY PROFILES
12.1. SIEMENS HEALTHINEERS
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. THERMO FISHER SCIENTIFIC
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. F. HOFFMANN LA-ROCHE LTD
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. ALERE, 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. LABORATORY CORPORATION OF AMERICA HOLDINGS
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. SHIMADZU 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. DRAEGER
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. EXPRESS DIAGNOSTICS INTERNATIONAL
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. ABBOTT TOXICOLOGY
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. ORASURE TECHNOLOGIES, INC.
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. Siemens Healthineers
2. Thermo Fisher Scientific
3. F. Hoffmann La-Roche Ltd
4. Alere, Inc.
5. Laboratory Corporation of America Holdings
6. Shimadzu Corporation
7. Draeger
8. Express Diagnostics International
9. Abbott Toxicology
10. OraSure Technologies, 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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Apr 2024
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Apr 2024
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Apr 2024
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Apr 2024
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)