Food Allergy Diagnostics Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Food Allergy Diagnostics Testing Market covers analysis By Diagnostics Test (Skin Prick Test, Blood Test, Oral Food Challenge, Trial Elimination Diet); Technology (HPLC-Based, LC-MS-Based, Immunoassay-Based, Others); End User (Diagnostic Laboratories, Hospitals and Clinics, Academic Research Institutes); , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00006924
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Food allergy is commonly seen in maximum of the population and it has become a global concern for various nations. The symptoms shown by the food allergy include rashes, nausea, headache and others. The food allergies are diagnosed with blood test, food challenge test and others the allergies can be treated with medicine or alternative to medicines such as home remedies or by the preventive measures.

MARKET DYNAMICS

The food allergy diagnostics testing market is estimated to grow due to increasing consumption of the street food and junk food, increasing incidences of the inherited food allergies and others. The rise in the awareness about the food products with different preservatives and increasing technological development for the diagnostics are likely to create growth opportunities during the forecast period.

MARKET SCOPE

The "Global Food Allergy Diagnostics Testing Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of food allergy diagnostics testing market with detailed market segmentation by diagnostics test, technology, end user and geography. The global food allergy diagnostics testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food allergy diagnostics testing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global food allergy diagnostics testing market is segmented on the basis of diagnostics test, technology, and end user. Based on diagnostics test the market is segmented into skin prick test, blood test, oral food challenge, and trial elimination diet. On the basis of technology the market is classified as HPLC-based, LC-MS-based, immunoassay-based, and others. Based on end user the market is segmented into hospitals & clinics, and academic research institutes.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global food allergy diagnostics testing 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 food allergy diagnostics testing 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 food allergy diagnostics testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the food allergy diagnostics testing market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global food allergy diagnostics testing 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 food allergy diagnostics testing 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 food allergy diagnostics testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the food allergy diagnostics testing market in these regions.

MARKET PLAYERS

The reports cover key developments in the food allergy diagnostics testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from food allergy diagnostics testing market are anticipated to lucrative growth opportunities in the future with the rising demand for food allergy diagnostics testing market in the global market. Below mentioned is the list of few companies engaged in the food allergy diagnostics testing market.

The report also includes the profiles of food allergy diagnostics testing market companies 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.

  •  Thermo Fisher Scientific Inc
  •  Siemens AG
  •  Eurofins Scientific
  •  Intertek Group plc
  •  Omega Diagnostics Group PLC
  •  bioMérieux SA.
  •  NEOGEN CORPORATION
  •  TÜV SÜD
  •  HYCOR Biomedical
  •  R-Biopharm AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Allergy Diagnostics Market - By Diagnostics Test
1.3.2 Food Allergy Diagnostics Market - By Technology
1.3.3 Food Allergy Diagnostics Market - By End User
1.3.4 Food Allergy Diagnostics Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. FOOD ALLERGY DIAGNOSTICS 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. FOOD ALLERGY DIAGNOSTICS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. FOOD ALLERGY DIAGNOSTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD ALLERGY DIAGNOSTICS - GLOBAL MARKET OVERVIEW
6.2. FOOD ALLERGY DIAGNOSTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. FOOD ALLERGY DIAGNOSTICS MARKET - REVENUE AND FORECASTS TO 2028 - DIAGNOSTICS TEST
7.1. OVERVIEW
7.2. DIAGNOSTICS TEST MARKET FORECASTS AND ANALYSIS
7.3. SKIN PRICK TEST
7.3.1. Overview
7.3.2. Skin Prick Test Market Forecast and Analysis
7.4. BLOOD TEST
7.4.1. Overview
7.4.2. Blood Test Market Forecast and Analysis
7.5. ORAL FOOD CHALLENGE
7.5.1. Overview
7.5.2. Oral Food Challenge Market Forecast and Analysis
7.6. TRIAL ELIMINATION DIET
7.6.1. Overview
7.6.2. Trial Elimination Diet Market Forecast and Analysis

8. FOOD ALLERGY DIAGNOSTICS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. HPLC-BASED
8.3.1. Overview
8.3.2. HPLC-Based Market Forecast and Analysis
8.4. LC-MS-BASED
8.4.1. Overview
8.4.2. LC-MS-Based Market Forecast and Analysis
8.5. IMMUNOASSAY-BASED
8.5.1. Overview
8.5.2. Immunoassay-Based Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. FOOD ALLERGY DIAGNOSTICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. DIAGNOSTIC LABORATORIES
9.3.1. Overview
9.3.2. Diagnostic Laboratories Market Forecast and Analysis
9.4. HOSPITALS AND CLINICS
9.4.1. Overview
9.4.2. Hospitals and Clinics Market Forecast and Analysis
9.5. ACADEMIC RESEARCH INSTITUTES
9.5.1. Overview
9.5.2. Academic Research Institutes Market Forecast and Analysis

10. FOOD ALLERGY DIAGNOSTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Food Allergy Diagnostics Market Overview
10.1.2 North America Food Allergy Diagnostics Market Forecasts and Analysis
10.1.3 North America Food Allergy Diagnostics Market Forecasts and Analysis - By Diagnostics Test
10.1.4 North America Food Allergy Diagnostics Market Forecasts and Analysis - By Technology
10.1.5 North America Food Allergy Diagnostics Market Forecasts and Analysis - By End User
10.1.6 North America Food Allergy Diagnostics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Food Allergy Diagnostics Market
10.1.6.1.1 United States Food Allergy Diagnostics Market by Diagnostics Test
10.1.6.1.2 United States Food Allergy Diagnostics Market by Technology
10.1.6.1.3 United States Food Allergy Diagnostics Market by End User
10.1.6.2 Canada Food Allergy Diagnostics Market
10.1.6.2.1 Canada Food Allergy Diagnostics Market by Diagnostics Test
10.1.6.2.2 Canada Food Allergy Diagnostics Market by Technology
10.1.6.2.3 Canada Food Allergy Diagnostics Market by End User
10.1.6.3 Mexico Food Allergy Diagnostics Market
10.1.6.3.1 Mexico Food Allergy Diagnostics Market by Diagnostics Test
10.1.6.3.2 Mexico Food Allergy Diagnostics Market by Technology
10.1.6.3.3 Mexico Food Allergy Diagnostics Market by End User
10.2. EUROPE
10.2.1 Europe Food Allergy Diagnostics Market Overview
10.2.2 Europe Food Allergy Diagnostics Market Forecasts and Analysis
10.2.3 Europe Food Allergy Diagnostics Market Forecasts and Analysis - By Diagnostics Test
10.2.4 Europe Food Allergy Diagnostics Market Forecasts and Analysis - By Technology
10.2.5 Europe Food Allergy Diagnostics Market Forecasts and Analysis - By End User
10.2.6 Europe Food Allergy Diagnostics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Food Allergy Diagnostics Market
10.2.6.1.1 Germany Food Allergy Diagnostics Market by Diagnostics Test
10.2.6.1.2 Germany Food Allergy Diagnostics Market by Technology
10.2.6.1.3 Germany Food Allergy Diagnostics Market by End User
10.2.6.2 France Food Allergy Diagnostics Market
10.2.6.2.1 France Food Allergy Diagnostics Market by Diagnostics Test
10.2.6.2.2 France Food Allergy Diagnostics Market by Technology
10.2.6.2.3 France Food Allergy Diagnostics Market by End User
10.2.6.3 Italy Food Allergy Diagnostics Market
10.2.6.3.1 Italy Food Allergy Diagnostics Market by Diagnostics Test
10.2.6.3.2 Italy Food Allergy Diagnostics Market by Technology
10.2.6.3.3 Italy Food Allergy Diagnostics Market by End User
10.2.6.4 Spain Food Allergy Diagnostics Market
10.2.6.4.1 Spain Food Allergy Diagnostics Market by Diagnostics Test
10.2.6.4.2 Spain Food Allergy Diagnostics Market by Technology
10.2.6.4.3 Spain Food Allergy Diagnostics Market by End User
10.2.6.5 United Kingdom Food Allergy Diagnostics Market
10.2.6.5.1 United Kingdom Food Allergy Diagnostics Market by Diagnostics Test
10.2.6.5.2 United Kingdom Food Allergy Diagnostics Market by Technology
10.2.6.5.3 United Kingdom Food Allergy Diagnostics Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Food Allergy Diagnostics Market Overview
10.3.2 Asia-Pacific Food Allergy Diagnostics Market Forecasts and Analysis
10.3.3 Asia-Pacific Food Allergy Diagnostics Market Forecasts and Analysis - By Diagnostics Test
10.3.4 Asia-Pacific Food Allergy Diagnostics Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Food Allergy Diagnostics Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Food Allergy Diagnostics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Food Allergy Diagnostics Market
10.3.6.1.1 Australia Food Allergy Diagnostics Market by Diagnostics Test
10.3.6.1.2 Australia Food Allergy Diagnostics Market by Technology
10.3.6.1.3 Australia Food Allergy Diagnostics Market by End User
10.3.6.2 China Food Allergy Diagnostics Market
10.3.6.2.1 China Food Allergy Diagnostics Market by Diagnostics Test
10.3.6.2.2 China Food Allergy Diagnostics Market by Technology
10.3.6.2.3 China Food Allergy Diagnostics Market by End User
10.3.6.3 India Food Allergy Diagnostics Market
10.3.6.3.1 India Food Allergy Diagnostics Market by Diagnostics Test
10.3.6.3.2 India Food Allergy Diagnostics Market by Technology
10.3.6.3.3 India Food Allergy Diagnostics Market by End User
10.3.6.4 Japan Food Allergy Diagnostics Market
10.3.6.4.1 Japan Food Allergy Diagnostics Market by Diagnostics Test
10.3.6.4.2 Japan Food Allergy Diagnostics Market by Technology
10.3.6.4.3 Japan Food Allergy Diagnostics Market by End User
10.3.6.5 South Korea Food Allergy Diagnostics Market
10.3.6.5.1 South Korea Food Allergy Diagnostics Market by Diagnostics Test
10.3.6.5.2 South Korea Food Allergy Diagnostics Market by Technology
10.3.6.5.3 South Korea Food Allergy Diagnostics Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Food Allergy Diagnostics Market Overview
10.4.2 Middle East and Africa Food Allergy Diagnostics Market Forecasts and Analysis
10.4.3 Middle East and Africa Food Allergy Diagnostics Market Forecasts and Analysis - By Diagnostics Test
10.4.4 Middle East and Africa Food Allergy Diagnostics Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Food Allergy Diagnostics Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Food Allergy Diagnostics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Food Allergy Diagnostics Market
10.4.6.1.1 South Africa Food Allergy Diagnostics Market by Diagnostics Test
10.4.6.1.2 South Africa Food Allergy Diagnostics Market by Technology
10.4.6.1.3 South Africa Food Allergy Diagnostics Market by End User
10.4.6.2 Saudi Arabia Food Allergy Diagnostics Market
10.4.6.2.1 Saudi Arabia Food Allergy Diagnostics Market by Diagnostics Test
10.4.6.2.2 Saudi Arabia Food Allergy Diagnostics Market by Technology
10.4.6.2.3 Saudi Arabia Food Allergy Diagnostics Market by End User
10.4.6.3 U.A.E Food Allergy Diagnostics Market
10.4.6.3.1 U.A.E Food Allergy Diagnostics Market by Diagnostics Test
10.4.6.3.2 U.A.E Food Allergy Diagnostics Market by Technology
10.4.6.3.3 U.A.E Food Allergy Diagnostics Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Food Allergy Diagnostics Market Overview
10.5.2 South and Central America Food Allergy Diagnostics Market Forecasts and Analysis
10.5.3 South and Central America Food Allergy Diagnostics Market Forecasts and Analysis - By Diagnostics Test
10.5.4 South and Central America Food Allergy Diagnostics Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Food Allergy Diagnostics Market Forecasts and Analysis - By End User
10.5.6 South and Central America Food Allergy Diagnostics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Food Allergy Diagnostics Market
10.5.6.1.1 Brazil Food Allergy Diagnostics Market by Diagnostics Test
10.5.6.1.2 Brazil Food Allergy Diagnostics Market by Technology
10.5.6.1.3 Brazil Food Allergy Diagnostics Market by End User
10.5.6.2 Argentina Food Allergy Diagnostics Market
10.5.6.2.1 Argentina Food Allergy Diagnostics Market by Diagnostics Test
10.5.6.2.2 Argentina Food Allergy Diagnostics Market by Technology
10.5.6.2.3 Argentina Food Allergy Diagnostics Market by End User

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. FOOD ALLERGY DIAGNOSTICS MARKET, KEY COMPANY PROFILES
12.1. THERMO FISHER SCIENTIFIC INC
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. SIEMENS AG
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. EUROFINS SCIENTIFIC
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. INTERTEK GROUP PLC
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. OMEGA DIAGNOSTICS GROUP PLC
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. BIOMéRIEUX SA.
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. NEOGEN CORPORATION
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. TÜV SÜD
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. HYCOR BIOMEDICAL
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. R-BIOPHARM AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Thermo Fisher Scientific Inc2. Siemens AG3. Eurofins Scientific4. Intertek Group plc5. Omega Diagnostics Group PLC6. bioMérieux SA.7. NEOGEN CORPORATION8. TÜV SÜD9. HYCOR Biomedical10. R-Biopharm AG

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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