Europe Diabetes Care Devices Market Analysis and Forecasts to 2027 by Product, End User and Country

Europe Diabetes Care Devices Market to 2027 - Regional Analysis and Forecasts by Product (Glucose Monitoring Devices and Insulin Delivery Devices); End User (Homecare and Hospitals & Clinics); and Country

  • Report Code : TIPRE00005737
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 149
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The Europe diabetes care devices market is expected to reach US$ 11,184.6 Mn in 2027 from US$ 6,853.3 Mn in 2018. The market is estimated to grow with a CAGR of 5.7% from 2019-2027.

The growth of the market is driven by the factors such as, rising incidence of diabetes and rising adoption of insulin injection pens over traditional syringes and vials. However, the market is likely to get impacted due to availability of alternatives for drug delivery and reuse of pen needles in the region.

Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce or effectively utilize the hormone insulin. This inability prevents the body from adequately regulating blood glucose levels. There are two types of diabetes namely diabetes type-I also known as diabetes insipidus and diabetes type-II also termed as diabetes mellitus. Incidences and prevalence of diabetes is steadily increasing across the globe. Type 2 diabetes is the most prevalent form of diabetes and has increased alongside cultural and societal changes. In high-income countries up to 91% of adults with the disease have type 2 diabetes. According to International Diabetes Federation (IDF), approximately 425 million people were living with diabetes in 2017and it is expected to reach 629 million by 2045 across the globe.

TABLE 1 : Prevalence Of Diabetes In The Region, 2017


Country/Territory

People with Diabetes

Germany

7,476.80

UK

2,747.71

France

3,276.42

Italy

3,402.34

Spain

3,584.53

Source: International Diabetes Federation

Diabetes of all types can lead to various complications in many parts of the body and can increase the overall risk of premature death. Heart attack, stroke, kidney failure, leg amputation, vision loss and nerve damage are the major complications associated with this disease. Patients suffering from diabetes require frequent monitoring and external administration of insulin. The rising prevalence of diabetes across the globe is expected to drive the growth of the insulin delivery devices market worldwide during the forecast period.

Germany is expected to lead the market in the Europe region owing to rising prevalence of the diabetes and support by the government in the country. In addition, the government in Germany are putting their efforts to improve the conditions for the people suffering from the diabetes. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Europe region during the forecast period.

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EUROPE DIABETES CARE DEVICES – MARKET SEGMENTATION

By Product

  • Glucose Monitoring Devices
    • Glucometers
    • Lancets
    • Testing Strips
    • Other Glucose Monitoring Devices
    • Insulin Delivery Devices
  • Insulin Pens
    • Insulin Syringes
    • Insulin Pumps
    • Other Insulin Delivery Devices

By End User

  • Hospitals & Clinics
  • Homecare

By Geography

  • Europe

    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe

Company Profiles

  • BD
  • Novo Nordisk A/S
  • B. Braun Melsungen AG
  • Insulet Corporation
  • Medtronic
  • Tandem Diabetes Care, Inc.
  • Eli Lilly and Company
  • Dexcom, Inc.
  • Terumo Corporation
  • F. Hoffman-LA Roche Ltd.
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Product, End User, and Country

Regional Scope
Regional Scope

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

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

PART 1. iNTRODUCTION

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

PART 2. Europe DIABETES CARE DEVICES Market – Key takeaways

PART 3. Europe diabetes care devices market – market landscape

3.1 overview

3.2 market segmentation

3.2.1 Europe Diabetes Care Devices Market – By Product

3.2.2 Europe Diabetes Care Devices Market – By End User

3.2.3 Europe Diabetes Care Devices Market – By Country

3.3 PEST Analysis

PART 4. Europe diabetes care devices market - Key Market Dynamics

4.1 Key Market Drivers

4.1.1 Rising Incidence of Diabetes

4.1.2 Rising Adoption of Insulin Injection Pens Over Traditional Syringes and Vials

4.2 Key Market Restraints

4.2.1 Availability of Alternatives for Drug Delivery

4.2.2 Reuse of Pen Needles

4.3 Key Market Opportunities

4.3.1 Increasing Launch of GLP-1 Analogues

4.4 future Trends

4.4.1 Rapid Adoption of Safety Pen Needles Over Standard Pen Needles

4.5 Impact analysis

PART 5. DIABETES CARE DEVICES market – Europe Analysis

5.1 Europe DIABETES CARE DEVICES market Revenue Forecasts and Analysis

5.2 Market positioning

5.3 PERFOrMANCE OF KEY PLAYERS

5.3.1 Medtronic

5.3.2 F. Hoffmann-La Roche Ltd.

PART 6. Europe DIABETES CARE DEVICES market Analysis – By Product

6.1 overview

6.2 Europe diabetes care devices Market BY Product, 2018 & 2027 (%)

6.3 Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By Product (US$ Mn)

6.3.1 Europe Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

6.3.2 Europe Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

6.4 Glucose Monitoring Devices Market

6.4.1 Overview

6.4.2 Europe Glucose Monitoring Devices Market Revenue and Forecast to 2027 (US$ Mn)

6.4.3 Glucometers Market

6.4.3.1 Overview

6.4.3.2 Europe Glucometers Market Revenue and Forecast to 2027 (US$ Mn)

6.4.4 Lancets Market

6.4.4.1 Overview

6.4.4.2 Europe Lancets Market Revenue and Forecast to 2027 (US$ Mn)

6.4.5 Testing Strips Market

6.4.5.1 Overview

6.4.5.2 Europe Testing Strips Market Revenue and Forecast to 2027 (US$ Mn)

6.4.6 Other Glucose Monitoring Devices Market

6.4.6.1 Overview

6.4.6.2 Europe Other Glucose Monitoring Devices Market Revenue and Forecast to 2027 (US$ Mn)

6.5 Insulin Delivery Devices Market

6.5.1 Overview

6.5.2 Europe Insulin Delivery Devices Market Revenue and Forecast to 2027 (US$ Mn)

6.5.3 Insulin Pens Market

6.5.3.1 Overview

6.5.3.2 Europe Insulin Pens Market Revenue and Forecast to 2027 (US$ Mn)

6.5.4 Insulin Syringes Market

6.5.4.1 Overview

6.5.4.2 Europe Insulin Syringes Market Revenue and Forecast to 2027 (US$ Mn)

6.5.5 Insulin Pumps Market

6.5.5.1 Overview

6.5.5.2 Europe Insulin Pumps Market Revenue and Forecast to 2027 (US$ Mn)

6.5.6 Other Insulin Delivery Devices Market

6.5.6.1 Overview

6.5.6.2 Europe Insulin Delivery Devices Market Revenue and Forecast to 2027 (US$ Mn)

PART 7. Europe diabetes care devices market Analysis – By End User

7.1 Overview

7.2 Europe DIABETES CARE DEVICES MARKET, BY End User, 2018 & 2027 (%)

7.3 Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By End User (US$ Mn)

7.4 Homecare MArket

7.4.1 Overview

7.4.2 Europe Homecare Market Revenue and Forecasts to 2027 (US$ Mn)

7.5 hospitals & Clinics Market

7.5.1 Overview

7.5.2 Europe Hospitals & Clinics Market Revenue and Forecasts to 2027 (US$ Mn)

PART 8. Europe diabetes care devices market Revenue and Forecasts to 2027

8.1 Overview

8.2 Europe DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.3 Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.3.1 Europe Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.3.2 Europe Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.4 Europe Insulin Delivery Devices market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.5 Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By End User (US$ Mn)

8.6 Europe Diabetes care devices Market Revenue And Forecasts to 2027, By Country (%)

8.7 Germany DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.7.1 Germany Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

8.7.2 Germany Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.7.2.1 Germany Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.7.2.2 Germany Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.7.3 Germany Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

8.8 UK DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.8.1 UK Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

8.8.2 UK Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.8.2.1 UK Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.8.2.2 UK Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.8.3 UK Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

8.9 France DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.9.1 France Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

8.9.2 France Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.9.2.1 France Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.9.2.2 France Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.9.3 France Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

8.10 Spain DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.10.1 Spain Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

8.10.2 Spain Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.10.2.1 Spain Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.10.2.2 Spain Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.10.3 Spain Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

8.11 Italy DIABETES CARE DEVICES market Revenue and Forecasts to 2027 (US$ Mn)

8.11.1 Italy Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

8.11.2 Italy Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

8.11.2.1 Italy Glucose Monitoring Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.11.2.2 Italy Insulin Delivery Devices Market Revenue And Forecasts to 2027, By Type (US$ Mn)

8.11.3 Italy Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

PART 9. diabetes care devices market – Industry Landscape

9.1 Overview

9.2 Comparative Company Analysis

9.3 Growth Strategies done by the companies in the Market, (%)

9.4 Organic Developments

9.4.1 Overview

9.5 Inorganic developments

9.5.1 Overview

PART 10. DIABETES CARE DEVICES Market–Key company profiles

10.1 BD

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Financial Overview

10.1.4 Product Portfolio

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 novo nordisk a/s

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Financial Overview

10.2.4 Product Portfolio

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 B. Braun Melsungen AG

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Financial Overview

10.3.4 Product Portfolio

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 Medtronic

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Financial Information

10.4.4 Product Portfolio

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Tandem Diabetes Care, Inc.

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Financial Information

10.5.4 Product Portfolio

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Insulet Corporation

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Financial Information

10.6.4 Product Portfolio

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Eli lilly and company

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Financial Overview

10.7.4 Product Portfolio

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Dexcom, Inc.

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Financial Overview

10.8.4 Product Portfolio

10.8.5 SWOT Analysis

10.8.6 Key Developments

10.9 Terumo Corporation

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Financial Overview

10.9.4 Product portfolio

10.9.5 SWOT ANALYSIS

10.9.6 KEY DEVELOPMENTS

10.10 F. Hoffmann-La Roche Ltd.

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Financial Overview

10.10.4 Product Portfolio

10.10.5 SWOT Analysis

10.10.6 Key Developments

PART 11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

11.3 Methodology

11.3.1 Coverage

11.3.2 Secondary Research

11.3.3 Primary Research

LIST OF TABLES

TABLE 1. prevalence of diabetes in the region, 2017

TABLE 2. DATA FOR REUSE PERCENTAGE OF NEEDLES BY COUNTRY

TABLE 3. Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 4. Europe Glucose Monitoring Devices market Revenue And Forecasts to 2027, By Type (US$ Mn)

TABLE 5. Europe Insulin Delivery Devices market Revenue And Forecasts to 2027, By Type (US$ Mn)

TABLE 6. Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 7. Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 8. Europe Glucose Monitoring Devices market Revenue And Forecasts to 2027, By Type (US$ Mn)

TABLE 9. Europe Insulin Delivery Devices market Revenue And Forecasts to 2027, By Type (US$ Mn)

TABLE 10. Europe DIABETES CARE DEVICES market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 11. Germany Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 12. Germany glucose monitoring Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 13. Germany insulin delivery Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 14. Germany Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 15. UK Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 16. UK glucose monitoring Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 17. UK insulin delivery Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 18. UK Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 19. France Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 20. France glucose monitoring Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 21. France insulin delivery Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 22. France Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 23. Spain Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 24. Spain glucose monitoring Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 25. Spain insulin delivery Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 26. Spain Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 27. Italy Diabetes Care Devices Market Revenue And Forecasts to 2027, By Product (US$ Mn)

TABLE 28. Italy glucose monitoring Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 29. Italy insulin delivery Devices Market Revenue And Forecasts to 2027, By type (US$ Mn)

TABLE 30. Italy Diabetes Care Devices Market Revenue And Forecasts to 2027, By End User (US$ Mn)

TABLE 31. Organic Developments Done By Companies

TABLE 32. Inorganic developments done by Companies

TABLE 33. Glossary of Terms, DIABETES CARE DEVICES market

LIST OF FIGURES

FIGURE 1. Germany diabetes care devices market, Revenue (US$ Mn), By COuntry 2018 & 2027

FIGURE 2. Europe diabetes care devices market By Product, Market Share (%), 2018

FIGURE 3. Europe Diabetes care Devices market By End User, Market Share (%), 2018

FIGURE 4. diabetes care devices market Segmentation

FIGURE 5. Europe PEST Analysis

FIGURE 6. diabetes care devices market impact analysis of drivers & Restraints

FIGURE 7. Europe DIABETES CARE DEVICES market – Revenue Forecasts and Analysis – 2018- 2027

FIGURE 8. Europe DIABETES CARE DEVICES Market, by product 2018 & 2027 (%)

FIGURE 9. Europe GLucose Monitoring Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 10. Europe Glucometers Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 11. Europe lancets Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 12. Europe testing strips Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 13. Europe other glucose monitoring devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 14. Europe insulin delivery devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 15. Europe insulin pens Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 16. Europe insulin syringes Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 17. Europe insulin pumps Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 18. Europe insulin delivery devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 19. Europe DIABETES CARE DEVICES market By End User, 2018 & 2027 (%)

FIGURE 20. Europe homecare Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 21. Europe hospitals & Clinics Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 22. Europe diabetes care devices market REVENUE overview, by Country, 2018 (US$ MN)

FIGURE 23. Europe DIABETES CARE DEVICES Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 24. Europe Diabetes care devices Market Revenue And Forecasts to 2027, By Country (%)

FIGURE 25. Germany Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 26. UK Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 27. France Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 28. Spain Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 29. Italy Diabetes Care Devices Market Revenue and Forecasts to 2027 (US$ Mn)

FIGURE 30. Comparative Company Analysis

FIGURE 31. Growth Strategies done by the companies in the Market, (%)

The List Companies

  1. BD
  2. Novo Nordisk A/S
  3. B. Braun Melsungen AG
  4. Insulet Corporation
  5. Medtronic
  6. Tandem Diabetes Care, Inc.
  7. Eli Lilly and Company
  8. Dexcom, Inc.
  9. Terumo Corporation
  10. F. Hoffman-LA Roche Ltd.

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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