The veterinary rapid test market in Europe is expected to grow from US$ 209.59 million in 2021 to US$ 361.67 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
Germany, France, UK, Spain, and Italy are major economies in Europe. At present, the veterinary market is receiving a significant improvement from initiatives led by the animal welfare association’s governments and of several countries. To increase the adoption of veterinary testing services, governments directly take part by raising awareness among the population concerning animal diseases and the privatization of animal healthcare services. Thus, the major awareness programs and support from several organizations for animal healthcare are contributing to the market growth for veterinary rapid testing.The countries in Europe are highly affected due to the Covid-19 pandemic. The European countries such as Italy and Spain have registered the maximum number of deaths due to the coronavirus. However, the animal health industry in European countries is minimally affected. The rapid increase in pet care spending in developed markets such as the UK, Germany, and France has also been accompanied by a surge in demand from newer and more dynamic markets. In many countries, millennials are increasingly seeing pets as an alternative to children, driving pet adoption. For instance, demand for dogs and cats has surged in Germany due to the pandemic. According to the German Kennel Club (VDH), in 2020, around 20% more dogs were purchased than the previous year. This is offering lucrative opportunities for the growth of the market in the coming years. As the COVID-19 crisis unfolds, the increase in pet care spending will change. At present, the short-term effects of the pandemic have been mixed. Yet, the market has not witnessed a sharp decline in terms of growth. Also, as livestock species are not susceptible to COVID-19 infection, the disease had no direct impact on food producing animals. Nevertheless, the COVID-19 pandemic had short and medium-long term indirect impacts on the health and welfare of livestock such as changes in food demand and COVID-19 hotspots in slaughterhouses. Therefore, the pet care sector appears to be well-prepared to tackle the COVID-19 crisis, and its long-term growth potential remains intact.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive veterinary rapid test market. The Europe veterinary rapid test market is expected to grow at a good CAGR during the forecast period.
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Europe Veterinary Rapid Test Market Segmentation
Europe Veterinary Rapid Test Market – By Product
- Rapid Test Kits
- Rapid Test Readers
Europe Veterinary Rapid Test Market – By Application
- Viral Diseases
- Bacterial Diseases
- Parasitic Diseases
- Allergies
- Other Applications
Europe Veterinary Rapid Test Market – By Animal Type
- Livestock Animals
- Cattle
- Poultry
- Swine
- Others
- Companion Animals
- Dogs
- Cats
- Horses
- Others
Europe Veterinary Rapid Test Market- By Country
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Europe Veterinary Rapid Test Market-Companies Mentioned
- Biopanda Reagents Ltd
- Fassisi GmbH
- HESKA CORPORATION
- IDEXX LABORATORIES, INC.
- MEGACOR Diagnostik GmbH
- Swissavans AG
- Virbac
- Woodley Equipment Company Ltd
- Zoetis Inc.
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.
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 Europe Veterinary Rapid Test Market – By Product
1.3.2 Europe Veterinary Rapid Test Market – By Application
1.3.3 Europe Veterinary Rapid Test Market – By Animal Type
1.3.4 Europe Veterinary Rapid Test Market – By Country
2. Europe Veterinary Rapid Test Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Veterinary Rapid Test Market – Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Expert Opinions
5. Europe Veterinary Rapid Test Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing incidences of zoonotic diseases
5.1.2 Increasing initiatives by the governments and animal welfare associations of different countries
5.2 Market Restraints
5.2.1 Finite Number of Skilled Professionals in Veterinary Diagnostics
5.3 Market Opportunities
5.3.1 Demand for Advanced Diagnostics to Improve Veterinary Disease Diagnosis
5.4 Future Trends
5.4.1 Surging Number of Product Launches
5.5 Impact Analysis
6. Veterinary Rapid Test Market – Europe Analysis
6.1 Europe Veterinary Rapid Test Market Revenue Forecast and Analysis
7. Europe Veterinary Rapid Test Market Analysis – By Product
7.1 Overview
7.2 Veterinary Rapid Test Market Revenue Share, by Product (2021 and 2028)
7.3 Rapid Test Kits
7.3.1 Overview
7.3.2 Rapid Test Kits: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Rapid Test Readers
7.4.1 Overview
7.4.2 Rapid Test Readers: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Veterinary Rapid Test Market Analysis – By Application
8.1 Overview
8.2 Veterinary Rapid Test Market Share, by Application, 2021 and 2028, (%)
8.3 Viral Diseases
8.3.1 Overview
8.3.2 Viral Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Bacterial Diseases
8.4.1 Overview
8.4.2 Bacterial Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Parasitic Diseases
8.5.1 Overview
8.5.2 Parasitic Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Allergies
8.6.1 Overview
8.6.2 Allergies: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Other Application
8.7.1 Overview
8.7.2 Other Application: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Veterinary Rapid Test Market Analysis – By Animal Type
9.1 Overview
9.2 Veterinary Rapid Test Market Revenue Share, by Animal Type (2021 and 2028)
9.3 Companion Animals
9.3.1 Overview
9.3.2 Companion Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2.1 Dogs
9.3.2.1.1 Overview
9.3.2.1.2 Dogs Market Revenue and Forecast to 2028 (US$ Mn)
9.3.2.2 Cats
9.3.2.2.1 Overview
9.3.2.2.2 Cats Market Revenue and Forecast to 2028 (US$ Mn)
9.3.2.3 Horses
9.3.2.3.1 Overview
9.3.2.3.2 Horses Market Revenue and Forecast to 2028 (US$ Mn)
9.3.2.4 Others
9.3.2.4.1 Overview
9.3.2.4.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Livestock Animals
9.4.1 Overview
9.4.2 Livestock Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2.1 Cattle
9.4.2.1.1 Overview
9.4.2.1.2 Cattle Market Revenue and Forecast to 2028 (US$ Mn)
9.4.2.2 Swine
9.4.2.2.1 Overview
9.4.2.2.2 Swine Market Revenue and Forecast to 2028 (US$ Mn)
9.4.2.3 Poultry
9.4.2.3.1 Overview
9.4.2.3.2 Poultry Market Revenue and Forecast to 2028 (US$ Mn)
9.4.2.4 Others
9.4.2.4.1 Overview
9.4.2.4.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
10. Europe Veterinary Rapid Test Market – Country Analysis
10.1.1 Overview
10.1.2 Europe: Veterinary Rapid Test Market, by Country, 2021 & 2028 (%)
10.1.2.1 Germany: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.1.1 Germany: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.1.2 Germany: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.1.3 Germany: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.1.4 Germany: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.1.4.1 Germany: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.1.4.2 Germany: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
10.1.2.2 France: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.2.1 France: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.2.2 France: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.2.3 France: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.2.4 France: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.2.4.1 France: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.2.4.2 France: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
10.1.2.3 UK: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.3.1 UK: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.3.2 UK: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.3.3 UK: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.3.4 UK: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.3.4.1 UK: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.3.4.2 UK: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
10.1.2.4 Italy: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.4.1 Italy: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.4.2 Italy: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.4.3 Italy: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.4.4 Italy: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.4.4.1 Italy: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.4.4.2 Italy: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
10.1.2.5 Spain: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.5.1 Spain: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.5.2 Spain: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.5.3 Spain: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.5.4 Spain: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.5.4.1 Spain: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.5.4.2 Spain: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
10.1.2.6 Rest of Europe: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.6.1 Rest of Europe: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
10.1.2.6.2 Rest of Europe: Veterinary Rapid Test Market, By Product, 2019–2028 (USD Million)
10.1.2.6.3 Rest of Europe: Veterinary Rapid Test Market, by Application, 2019–2028 (USD Million)
10.1.2.6.4 Rest of Europe: Veterinary Rapid Test Market, by Animal Type, 2019–2028 (USD Million)
10.1.2.6.4.1 Rest of Europe: Veterinary Rapid Test Market, by Livestock Animals, 2019–2028 (USD Million)
10.1.2.6.4.2 Rest of Europe: Veterinary Rapid Test Market, by Companion Animals, 2019–2028 (USD Million)
11. Impact Of COVID-19 Pandemic on Europe Veterinary Rapid Test Market
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 IDEXX LABORATORIES, INC.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Zoetis Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Virbac
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HESKA CORPORATION
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Biopanda Reagents Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Fassisi GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Swissavans AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 MEGACOR Diagnostik GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Woodley Equipment Company Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Veterinary Rapid Test Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany: Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Germany: Veterinary Rapid Test Market, by Animal Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Germany Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 6. Germany Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 7. France: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 8. France: Veterinary Rapid Test Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 9. France Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)
Table 10. France Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 11. France Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 12. UK: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 13. UK: Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. UK Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)
Table 15. UK Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 16. UK Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 17. Italy: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 18. Italy: Veterinary Rapid Test Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 19. Italy Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)
Table 20. Italy Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 21. Italy Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 22. Spain: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 23. Spain: Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. Spain Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)
Table 25. Spain Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 26. Spain Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Europe: Veterinary Rapid Test Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 28. Rest of Europe: Veterinary Rapid Test Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 29. Rest of Europe Veterinary Rapid Test Market, by Animal Type– Revenue and Forecast to 2028 (USD Million)
Table 30. Rest of Europe Veterinary Rapid Test Market, by Livestock Animals – Revenue and Forecast to 2028 (USD Million)
Table 31. Rest of Europe Veterinary Rapid Test Market, by Companion Animals – Revenue and Forecast to 2028 (USD Million)
Table 32. Organic Developments Done By Companies
Table 33. Inorganic Developments Done By Companies
Table 34. Glossary of Terms, Veterinary Rapid Test Market
LIST OF FIGURES
Figure 1. Europe Veterinary Rapid Test Market Segmentation
Figure 2. Europe Veterinary Rapid Test Market Segmentation, By Country
Figure 3. Veterinary Rapid Test Market Overview
Figure 4. Rapid Test Kits Segment Held Largest Share of Europe Veterinary Rapid Test Market
Figure 5. U.K. to Show Significant Growth During Forecast Period
Figure 6. Europe PEST Analysis
Figure 7. Europe Veterinary Rapid Test Market Impact Analysis of Driver and Restraints
Figure 8. Europe Veterinary Rapid Test Market – Revenue Forecast and Analysis to 2028
Figure 9. Europe Veterinary Rapid Test Market Revenue Share, by Product (2021 and 2028)
Figure 10. Europe Rapid Test Kits: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Rapid Test Readers: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Veterinary Rapid Test Market Share, by Application, 2021 and 2028 (%)
Figure 13. Europe Viral Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Bacterial Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Parasitic Diseases: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Allergies: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Other Application: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Veterinary Rapid Test Market Revenue Share, by Animal Type (2021 and 2028)
Figure 19. Europe Companion Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Dogs Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Europe Cats Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Europe Horses Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Europe Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Europe Livestock Animals: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Cattle Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Europe Swine Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Europe Poultry Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Europe Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Europe: Veterinary Rapid Test Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. Europe: Veterinary Rapid Test Market, by Country, 2021 & 2028 (%)
Figure 31. Germany: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. France: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. UK: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Italy: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Spain: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Rest of Europe: Veterinary Rapid Test Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic in European Country Markets
- Biopanda Reagents Ltd
- Fassisi GmbH
- HESKA CORPORATION
- IDEXX LABORATORIES, INC.
- MEGACOR Diagnostik GmbH
- Swissavans AG
- Virbac
- Woodley Equipment Company Ltd
- Zoetis 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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Nov 2021
Biopharmaceuticals Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Monoclonal Antibodies, Recombinant Vaccines, Conventional Vaccines, Recombinant Growth Factors, Purified Proteins, Recombinant Proteins, Recombinant Hormones, Recombinant Enzymes, Cell & Gene Therapies, Cytokines/Interferon/Interleukins, and Others) and Application (Oncology, Inflammatory & Infectious Disease, Autoimmune Disorders, Metabolic Disorders, Hormonal Disorders & Growth Failure, Cardiovascular Diseases, Neurological Diseases, and Others)
Nov 2021
GMP Cell Therapy Consumables Market
Forecast to 2028 - COVID-19 Impact and Global Analysis by Product (Kits, Reagents/Molecular Biology Reagents, Growth Factors/Cytokines and Interleukins, and Others), Cell Therapy (NK Cell Therapy, Stem Cell Therapy, T-Cell Therapy, and Others), Process (Cell Collection and Characterization/Sorting and Separation, Cell Culture and Expansion/Preparation, Cryopreservation, Cell Processing and Formulation, Cell Isolation and Activation, Cell Distribution/Handling, Process Monitoring and Control/Readministration/Quality Assurance, and Others), and End Use (Clinical, Commercial, and Research)
Nov 2021