Fibromyalgia is a disorder characterized by a musculoskeletal pain with sleep, memory and mood issues. The symptoms of fibromyalgia often start gradually and get severe with time. Women are more susceptible to develop fibromyalgia than men. The people who have fibromyalgia also develop symptoms like headache, irritable bowel syndrome, anxiety, and temporomandibular joint. Various drug class available for fibromyalgia treatment like, antidepressants, tricyclics, SSRIs.
MARKET DYNAMICS
The key market drivers for Fibromyalgia Treatment Drug Market Includes, rising incidences of traumatic stress and road accidents. Additionally, growing incidences of rheumatic disease and growing geriatric population across the globe is also a driving factor for the market. Whereas, difficulty in fibromyalgia diagnosis as well as possible side effects from the treatment are the restraining factor for the market.
MARKET SCOPE
The "Fibromyalgia Treatment Drug Market" is a specialized and in-depth study of the Pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of Fibromyalgia Treatment Drug market with detailed market segmentation by drug class and distribution channel. The Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Fibromyalgia Treatment Drug Market is segmented on the basis of drug class and distribution channel. On the basis of drug class the market is segmented as, antidepressants, SSRIs, tricyclics. On the basis of distribution channel the market is segmented as, hospital pharmacies, retail pharmacies and online pharmacies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug 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 effecting the Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug 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 Fibromyalgia Treatment Drug 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 effecting the Fibromyalgia Treatment Drug Market in these regions.
MARKET PLAYERS
The report covers key developments in the Fibromyalgia Treatment Drug Markets 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 Fibromyalgia Treatment Drug Market are anticipated to have lucrative growth opportunities in the future with the rising demand for, Fibromyalgia Treatment Drug market in the global market. Below mentioned is the list of few companies engaged in the Fibromyalgia Treatment Drug Market.
The report also includes the profiles of key players in Fibromyalgia Treatment Drug 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.
- Eli Lilly and Company
- Pfizer, Inc
- Novartis AG
- Allergan plc
- Sun Pharmaceutical Industries Ltd
- Aptinyx, Inc
- Prismic Pharmaceuticals, Inc
- Innovative Med Concepts, Inc
- Intec Pharma Ltd
- Astellas Pharma 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 Fibromyalgia Treatment Drug Market - By Drug Class
1.3.2 Fibromyalgia Treatment Drug Market - By Distribution Channel
1.3.3 Fibromyalgia Treatment Drug Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FIBROMYALGIA TREATMENT DRUG 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. FIBROMYALGIA TREATMENT DRUG 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. FIBROMYALGIA TREATMENT DRUG MARKET - GLOBAL MARKET ANALYSIS
6.1. FIBROMYALGIA TREATMENT DRUG - GLOBAL MARKET OVERVIEW
6.2. FIBROMYALGIA TREATMENT DRUG - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FIBROMYALGIA TREATMENT DRUG MARKET - REVENUE AND FORECASTS TO 2028 - DRUG CLASS
7.1. OVERVIEW
7.2. DRUG CLASS MARKET FORECASTS AND ANALYSIS
7.3. ANTIDEPRESSANTS
7.3.1. Overview
7.3.2. Antidepressants Market Forecast and Analysis
7.3.3. duloxetine Market
7.3.3.1. Overview
7.3.3.2. duloxetine Market Forecast and Analysis
7.3.4. milnacipran Market
7.3.4.1. Overview
7.3.4.2. milnacipran Market Forecast and Analysis
7.4. SELECTIVE SEROTONIN REUPTAKE INHIBITORS
7.4.1. Overview
7.4.2. Selective serotonin reuptake inhibitors Market Forecast and Analysis
7.4.3. Citalopram Market
7.4.3.1. Overview
7.4.3.2. Citalopram Market Forecast and Analysis
7.4.4. Escitalopram Market
7.4.4.1. Overview
7.4.4.2. Escitalopram Market Forecast and Analysis
7.4.5. Fluvoxamine Market
7.4.5.1. Overview
7.4.5.2. Fluvoxamine Market Forecast and Analysis
7.4.6. Fluoxetine Market
7.4.6.1. Overview
7.4.6.2. Fluoxetine Market Forecast and Analysis
7.4.7. Paroxetine Market
7.4.7.1. Overview
7.4.7.2. Paroxetine Market Forecast and Analysis
7.5. TRICYCLICS
7.5.1. Overview
7.5.2. Tricyclics Market Forecast and Analysis
7.5.3. Amitriptyline Market
7.5.3.1. Overview
7.5.3.2. Amitriptyline Market Forecast and Analysis
8. FIBROMYALGIA TREATMENT DRUG MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL PHARMACIES
8.3.1. Overview
8.3.2. Hospital Pharmacies Market Forecast and Analysis
8.4. RETAIL PHARMACIES
8.4.1. Overview
8.4.2. Retail Pharmacies Market Forecast and Analysis
8.5. ONLINE PHARMACIES
8.5.1. Overview
8.5.2. Online Pharmacies Market Forecast and Analysis
9. FIBROMYALGIA TREATMENT DRUG MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fibromyalgia Treatment Drug Market Overview
9.1.2 North America Fibromyalgia Treatment Drug Market Forecasts and Analysis
9.1.3 North America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Drug Class
9.1.4 North America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fibromyalgia Treatment Drug Market
9.1.5.1.1 United States Fibromyalgia Treatment Drug Market by Drug Class
9.1.5.1.2 United States Fibromyalgia Treatment Drug Market by Distribution Channel
9.1.5.2 Canada Fibromyalgia Treatment Drug Market
9.1.5.2.1 Canada Fibromyalgia Treatment Drug Market by Drug Class
9.1.5.2.2 Canada Fibromyalgia Treatment Drug Market by Distribution Channel
9.1.5.3 Mexico Fibromyalgia Treatment Drug Market
9.1.5.3.1 Mexico Fibromyalgia Treatment Drug Market by Drug Class
9.1.5.3.2 Mexico Fibromyalgia Treatment Drug Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Fibromyalgia Treatment Drug Market Overview
9.2.2 Europe Fibromyalgia Treatment Drug Market Forecasts and Analysis
9.2.3 Europe Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Drug Class
9.2.4 Europe Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fibromyalgia Treatment Drug Market
9.2.5.1.1 Germany Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.1.2 Germany Fibromyalgia Treatment Drug Market by Distribution Channel
9.2.5.2 France Fibromyalgia Treatment Drug Market
9.2.5.2.1 France Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.2.2 France Fibromyalgia Treatment Drug Market by Distribution Channel
9.2.5.3 Italy Fibromyalgia Treatment Drug Market
9.2.5.3.1 Italy Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.3.2 Italy Fibromyalgia Treatment Drug Market by Distribution Channel
9.2.5.4 Spain Fibromyalgia Treatment Drug Market
9.2.5.4.1 Spain Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.4.2 Spain Fibromyalgia Treatment Drug Market by Distribution Channel
9.2.5.5 United Kingdom Fibromyalgia Treatment Drug Market
9.2.5.5.1 United Kingdom Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.5.2 United Kingdom Fibromyalgia Treatment Drug Market by Distribution Channel
9.2.5.6 Rest of Europe Fibromyalgia Treatment Drug Market
9.2.5.6.1 Rest of Europe Fibromyalgia Treatment Drug Market by Drug Class
9.2.5.6.2 Rest of Europe Fibromyalgia Treatment Drug Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fibromyalgia Treatment Drug Market Overview
9.3.2 Asia-Pacific Fibromyalgia Treatment Drug Market Forecasts and Analysis
9.3.3 Asia-Pacific Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Drug Class
9.3.4 Asia-Pacific Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fibromyalgia Treatment Drug Market
9.3.5.1.1 Australia Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.1.2 Australia Fibromyalgia Treatment Drug Market by Distribution Channel
9.3.5.2 China Fibromyalgia Treatment Drug Market
9.3.5.2.1 China Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.2.2 China Fibromyalgia Treatment Drug Market by Distribution Channel
9.3.5.3 India Fibromyalgia Treatment Drug Market
9.3.5.3.1 India Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.3.2 India Fibromyalgia Treatment Drug Market by Distribution Channel
9.3.5.4 Japan Fibromyalgia Treatment Drug Market
9.3.5.4.1 Japan Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.4.2 Japan Fibromyalgia Treatment Drug Market by Distribution Channel
9.3.5.5 South Korea Fibromyalgia Treatment Drug Market
9.3.5.5.1 South Korea Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.5.2 South Korea Fibromyalgia Treatment Drug Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Fibromyalgia Treatment Drug Market
9.3.5.6.1 Rest of Asia-Pacific Fibromyalgia Treatment Drug Market by Drug Class
9.3.5.6.2 Rest of Asia-Pacific Fibromyalgia Treatment Drug Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fibromyalgia Treatment Drug Market Overview
9.4.2 Middle East and Africa Fibromyalgia Treatment Drug Market Forecasts and Analysis
9.4.3 Middle East and Africa Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Drug Class
9.4.4 Middle East and Africa Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fibromyalgia Treatment Drug Market
9.4.5.1.1 South Africa Fibromyalgia Treatment Drug Market by Drug Class
9.4.5.1.2 South Africa Fibromyalgia Treatment Drug Market by Distribution Channel
9.4.5.2 Saudi Arabia Fibromyalgia Treatment Drug Market
9.4.5.2.1 Saudi Arabia Fibromyalgia Treatment Drug Market by Drug Class
9.4.5.2.2 Saudi Arabia Fibromyalgia Treatment Drug Market by Distribution Channel
9.4.5.3 U.A.E Fibromyalgia Treatment Drug Market
9.4.5.3.1 U.A.E Fibromyalgia Treatment Drug Market by Drug Class
9.4.5.3.2 U.A.E Fibromyalgia Treatment Drug Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Fibromyalgia Treatment Drug Market
9.4.5.4.1 Rest of Middle East and Africa Fibromyalgia Treatment Drug Market by Drug Class
9.4.5.4.2 Rest of Middle East and Africa Fibromyalgia Treatment Drug Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fibromyalgia Treatment Drug Market Overview
9.5.2 South and Central America Fibromyalgia Treatment Drug Market Forecasts and Analysis
9.5.3 South and Central America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Drug Class
9.5.4 South and Central America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Fibromyalgia Treatment Drug Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fibromyalgia Treatment Drug Market
9.5.5.1.1 Brazil Fibromyalgia Treatment Drug Market by Drug Class
9.5.5.1.2 Brazil Fibromyalgia Treatment Drug Market by Distribution Channel
9.5.5.2 Argentina Fibromyalgia Treatment Drug Market
9.5.5.2.1 Argentina Fibromyalgia Treatment Drug Market by Drug Class
9.5.5.2.2 Argentina Fibromyalgia Treatment Drug Market by Distribution Channel
9.5.5.3 Rest of South and Central America Fibromyalgia Treatment Drug Market
9.5.5.3.1 Rest of South and Central America Fibromyalgia Treatment Drug Market by Drug Class
9.5.5.3.2 Rest of South and Central America Fibromyalgia Treatment Drug Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FIBROMYALGIA TREATMENT DRUG MARKET, KEY COMPANY PROFILES
11.1. ELI LILLY AND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PFIZER, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NOVARTIS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALLERGAN PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SUN PHARMACEUTICAL INDUSTRIES LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. APTINYX, INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRISMIC PHARMACEUTICALS, INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. INNOVATIVE MED CONCEPTS, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INTEC PHARMA LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ASTELLAS PHARMA INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Eli Lilly and Company
2. Pfizer, Inc
3. Novartis AG
4. Allergan plc
5. Sun Pharmaceutical Industries Ltd
6. Aptinyx, Inc
7. Prismic Pharmaceuticals, Inc
8. Innovative Med Concepts, Inc
9. Intec Pharma Ltd
10. Astellas Pharma 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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