Glass containers are among the primary packaging material that has found use in the pharmaceutical industries. Glass is an inorganic material mostly silicates or a mixture of materials. Glass containers helps medicine to kept at their optimal temperature, as any slight change can affect the medicine's properties. Glass packaging is usefull at regulating the temperature of products, as it doesn't react to changing temperatures by losing structure or leaking chemicals. Glass can hold liquid or solid at a steady temperature without absorbing flavour, odour, and colour.
MARKET DYNAMICS
Extensive utilization of generic injectable drugs, coupled with the high demand from the pharmaceutical industry, is anticipated to drive the market. In addition, increasing the shelf life of the medicine in glass containers is further accelerating the market's growth. However, the glass packaging for medicine involves an extra cost to prevent bottles from breakage, and this factor can increase the packaging cost for pharma manufacturers for providing additional safety. Moreover, rising environmental concerns and rising recycling activities in developed and developing countries are expected to support further the growth of the global glass medicine bottles market.
MARKET SCOPE
The "Global Glass medicine bottles Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glass medicine bottles market with detailed market segmentation by glass type, bottle type, size, and geography. The global glass medicine bottles market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading glass medicine bottles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glass medicine bottles market is segmented on the basis of glass type, bottle type, and size. Based on glass type, the global glass medicine bottles market is segmented into type I, type II, type III and type IV. On the basis of bottle type, the market is segmented into tablet bottle, dry syrup bottle, dry syrup bottle, dropper bottle, liquid bottle, others . Based on size, the market is bifurcated into 5 ml to 50 ml, 51 ml to 100 ml, above 100 ml.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glass medicine bottles market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The glass medicine bottles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glass medicine bottles market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the glass medicine bottles 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 an overview and forecast of the global glass medicine bottles market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The glass medicine bottles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glass medicine bottles market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the glass medicine bottles market in these regions.
MARKET PLAYERS
The reports cover key developments in the glass medicine bottles 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glass medicine bottles market are anticipated to lucrative growth opportunities in the future with the rising demand for glass medicine bottles in the global market. Below mentioned is the list of few companies engaged in the glass medicine bottles market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass medicine bottles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AGI glaspac
- Ajanta Bottle
- Ardagh Group S.A.
- Beatson Clark
- Bonpak
- Gerresheimer
- PGP Glass Private Limited.
- SENCO Pharma Packaging INDUSTRIES Ltd.
- Shandong Province Medicinal Glass Co., Ltd
- Stölzle-Oberglas GmbH
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.
- 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
1.3.1Glass Medicine Bottles Market - By Glass Type
1.3.2Glass Medicine Bottles Market - By Bottle Type
1.3.3Glass Medicine Bottles Market - By Size
1.3.4Glass Medicine Bottles Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GLASS MEDICINE BOTTLES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.GLASS MEDICINE BOTTLES 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.GLASS MEDICINE BOTTLES MARKET - GLOBAL MARKET ANALYSIS
6.1.GLASS MEDICINE BOTTLES - GLOBAL MARKET OVERVIEW
6.2.GLASS MEDICINE BOTTLES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.GLASS MEDICINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 â" GLASS TYPE
7.1.OVERVIEW
7.2.GLASS TYPE MARKET FORECASTS AND ANALYSIS
7.3.TYPE I (BOROSILICATE GLASS / NEUTRAL GLASS)
7.3.1.Overview
7.3.2.Type I (Borosilicate glass / Neutral glass) Market Forecast and Analysis
7.4.TYPE II (SODA-LIME-SILICA GLASS)
7.4.1.Overview
7.4.2.Type II (soda-lime-silica glass) Market Forecast and Analysis
7.5.TYPE III (REGULAR SODA-LIME GLASS)
7.5.1.Overview
7.5.2.Type III (Regular soda-lime glass) Market Forecast and Analysis
7.6.TYPE IV (TYPE NP GLASS)
7.6.1.Overview
7.6.2.Type IV (Type NP glass) Market Forecast and Analysis
8.GLASS MEDICINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 â" BOTTLE TYPE
8.1.OVERVIEW
8.2.BOTTLE TYPE MARKET FORECASTS AND ANALYSIS
8.3.TABLET BOTTLE
8.3.1.Overview
8.3.2.Tablet Bottle Market Forecast and Analysis
8.4.DRY SYRUP BOTTLE
8.4.1.Overview
8.4.2.Dry Syrup Bottle Market Forecast and Analysis
8.5.DROPPER BOTTLE
8.5.1.Overview
8.5.2.Dropper Bottle Market Forecast and Analysis
8.6.LIQUID BOTTLE
8.6.1.Overview
8.6.2.Liquid Bottle Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.GLASS MEDICINE BOTTLES MARKET - REVENUE AND FORECASTS TO 2028 â" SIZE
9.1.OVERVIEW
9.2.SIZE MARKET FORECASTS AND ANALYSIS
9.3.5 ML TO 50 ML
9.3.1.Overview
9.3.2.5 ML to 50 ML Market Forecast and Analysis
9.4.51 ML TO 100 ML
9.4.1.Overview
9.4.2.51 ML to 100 ML Market Forecast and Analysis
9.5.ABOVE 100 ML
9.5.1.Overview
9.5.2.Above 100 ML Market Forecast and Analysis
10.GLASS MEDICINE BOTTLES MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Glass Medicine Bottles Market Overview
10.1.2North America Glass Medicine Bottles Market Forecasts and Analysis
10.1.3North America Glass Medicine Bottles Market Forecasts and Analysis - By Glass Type
10.1.4North America Glass Medicine Bottles Market Forecasts and Analysis - By Bottle Type
10.1.5North America Glass Medicine Bottles Market Forecasts and Analysis - By Size
10.1.6North America Glass Medicine Bottles Market Forecasts and Analysis - By Countries
10.1.6.1United States Glass Medicine Bottles Market
10.1.6.1.1United States Glass Medicine Bottles Market by Glass Type
10.1.6.1.2United States Glass Medicine Bottles Market by Bottle Type
10.1.6.1.3United States Glass Medicine Bottles Market by Size
10.1.6.2Canada Glass Medicine Bottles Market
10.1.6.2.1Canada Glass Medicine Bottles Market by Glass Type
10.1.6.2.2Canada Glass Medicine Bottles Market by Bottle Type
10.1.6.2.3Canada Glass Medicine Bottles Market by Size
10.1.6.3Mexico Glass Medicine Bottles Market
10.1.6.3.1Mexico Glass Medicine Bottles Market by Glass Type
10.1.6.3.2Mexico Glass Medicine Bottles Market by Bottle Type
10.1.6.3.3Mexico Glass Medicine Bottles Market by Size
10.2.EUROPE
10.2.1Europe Glass Medicine Bottles Market Overview
10.2.2Europe Glass Medicine Bottles Market Forecasts and Analysis
10.2.3Europe Glass Medicine Bottles Market Forecasts and Analysis - By Glass Type
10.2.4Europe Glass Medicine Bottles Market Forecasts and Analysis - By Bottle Type
10.2.5Europe Glass Medicine Bottles Market Forecasts and Analysis - By Size
10.2.6Europe Glass Medicine Bottles Market Forecasts and Analysis - By Countries
10.2.6.1Germany Glass Medicine Bottles Market
10.2.6.1.1Germany Glass Medicine Bottles Market by Glass Type
10.2.6.1.2Germany Glass Medicine Bottles Market by Bottle Type
10.2.6.1.3Germany Glass Medicine Bottles Market by Size
10.2.6.2France Glass Medicine Bottles Market
10.2.6.2.1France Glass Medicine Bottles Market by Glass Type
10.2.6.2.2France Glass Medicine Bottles Market by Bottle Type
10.2.6.2.3France Glass Medicine Bottles Market by Size
10.2.6.3Italy Glass Medicine Bottles Market
10.2.6.3.1Italy Glass Medicine Bottles Market by Glass Type
10.2.6.3.2Italy Glass Medicine Bottles Market by Bottle Type
10.2.6.3.3Italy Glass Medicine Bottles Market by Size
10.2.6.4United Kingdom Glass Medicine Bottles Market
10.2.6.4.1United Kingdom Glass Medicine Bottles Market by Glass Type
10.2.6.4.2United Kingdom Glass Medicine Bottles Market by Bottle Type
10.2.6.4.3United Kingdom Glass Medicine Bottles Market by Size
10.2.6.5Russia Glass Medicine Bottles Market
10.2.6.5.1Russia Glass Medicine Bottles Market by Glass Type
10.2.6.5.2Russia Glass Medicine Bottles Market by Bottle Type
10.2.6.5.3Russia Glass Medicine Bottles Market by Size
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Glass Medicine Bottles Market Overview
10.3.2Asia-Pacific Glass Medicine Bottles Market Forecasts and Analysis
10.3.3Asia-Pacific Glass Medicine Bottles Market Forecasts and Analysis - By Glass Type
10.3.4Asia-Pacific Glass Medicine Bottles Market Forecasts and Analysis - By Bottle Type
10.3.5Asia-Pacific Glass Medicine Bottles Market Forecasts and Analysis - By Size
10.3.6Asia-Pacific Glass Medicine Bottles Market Forecasts and Analysis - By Countries
10.3.6.1Australia Glass Medicine Bottles Market
10.3.6.1.1Australia Glass Medicine Bottles Market by Glass Type
10.3.6.1.2Australia Glass Medicine Bottles Market by Bottle Type
10.3.6.1.3Australia Glass Medicine Bottles Market by Size
10.3.6.2China Glass Medicine Bottles Market
10.3.6.2.1China Glass Medicine Bottles Market by Glass Type
10.3.6.2.2China Glass Medicine Bottles Market by Bottle Type
10.3.6.2.3China Glass Medicine Bottles Market by Size
10.3.6.3India Glass Medicine Bottles Market
10.3.6.3.1India Glass Medicine Bottles Market by Glass Type
10.3.6.3.2India Glass Medicine Bottles Market by Bottle Type
10.3.6.3.3India Glass Medicine Bottles Market by Size
10.3.6.4Japan Glass Medicine Bottles Market
10.3.6.4.1Japan Glass Medicine Bottles Market by Glass Type
10.3.6.4.2Japan Glass Medicine Bottles Market by Bottle Type
10.3.6.4.3Japan Glass Medicine Bottles Market by Size
10.3.6.5South Korea Glass Medicine Bottles Market
10.3.6.5.1South Korea Glass Medicine Bottles Market by Glass Type
10.3.6.5.2South Korea Glass Medicine Bottles Market by Bottle Type
10.3.6.5.3South Korea Glass Medicine Bottles Market by Size
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Glass Medicine Bottles Market Overview
10.4.2Middle East and Africa Glass Medicine Bottles Market Forecasts and Analysis
10.4.3Middle East and Africa Glass Medicine Bottles Market Forecasts and Analysis - By Glass Type
10.4.4Middle East and Africa Glass Medicine Bottles Market Forecasts and Analysis - By Bottle Type
10.4.5Middle East and Africa Glass Medicine Bottles Market Forecasts and Analysis - By Size
10.4.6Middle East and Africa Glass Medicine Bottles Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Glass Medicine Bottles Market
10.4.6.1.1South Africa Glass Medicine Bottles Market by Glass Type
10.4.6.1.2South Africa Glass Medicine Bottles Market by Bottle Type
10.4.6.1.3South Africa Glass Medicine Bottles Market by Size
10.4.6.2Saudi Arabia Glass Medicine Bottles Market
10.4.6.2.1Saudi Arabia Glass Medicine Bottles Market by Glass Type
10.4.6.2.2Saudi Arabia Glass Medicine Bottles Market by Bottle Type
10.4.6.2.3Saudi Arabia Glass Medicine Bottles Market by Size
10.4.6.3U.A.E Glass Medicine Bottles Market
10.4.6.3.1U.A.E Glass Medicine Bottles Market by Glass Type
10.4.6.3.2U.A.E Glass Medicine Bottles Market by Bottle Type
10.4.6.3.3U.A.E Glass Medicine Bottles Market by Size
10.4.6.4Rest of Middle East and Africa Glass Medicine Bottles Market
10.4.6.4.1Rest of Middle East and Africa Glass Medicine Bottles Market by Glass Type
10.4.6.4.2Rest of Middle East and Africa Glass Medicine Bottles Market by Bottle Type
10.4.6.4.3Rest of Middle East and Africa Glass Medicine Bottles Market by Size
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Glass Medicine Bottles Market Overview
10.5.2South and Central America Glass Medicine Bottles Market Forecasts and Analysis
10.5.3South and Central America Glass Medicine Bottles Market Forecasts and Analysis - By Glass Type
10.5.4South and Central America Glass Medicine Bottles Market Forecasts and Analysis - By Bottle Type
10.5.5South and Central America Glass Medicine Bottles Market Forecasts and Analysis - By Size
10.5.6South and Central America Glass Medicine Bottles Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Glass Medicine Bottles Market
10.5.6.1.1Brazil Glass Medicine Bottles Market by Glass Type
10.5.6.1.2Brazil Glass Medicine Bottles Market by Bottle Type
10.5.6.1.3Brazil Glass Medicine Bottles Market by Size
10.5.6.2Argentina Glass Medicine Bottles Market
10.5.6.2.1Argentina Glass Medicine Bottles Market by Glass Type
10.5.6.2.2Argentina Glass Medicine Bottles Market by Bottle Type
10.5.6.2.3Argentina Glass Medicine Bottles Market by Size
10.5.6.3Rest of South and Central America Glass Medicine Bottles Market
10.5.6.3.1Rest of South and Central America Glass Medicine Bottles Market by Glass Type
10.5.6.3.2Rest of South and Central America Glass Medicine Bottles Market by Bottle Type
10.5.6.3.3Rest of South and Central America Glass Medicine Bottles Market by Size
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.GLASS MEDICINE BOTTLES MARKET, KEY COMPANY PROFILES
12.1.AGI GLASPAC
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.AJANTA BOTTLE
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.ARDAGH GROUP S.A.
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.BEATSON CLARK
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.BONPAK
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.GERRESHEIMER
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.PGP GLASS PRIVATE LIMITED.
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.SENCO PHARMA PACKAGING INDUSTRIES LTD.
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.SHANDONG PROVINCE MEDICINAL GLASS CO., LTD.
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.STöLZLE-OBERGLAS GMBH
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. AGI glaspac
2. Ajanta Bottle
3. Ardagh Group S.A.
4. Beatson Clark
5. Bonpak
6. Gerresheimer
7. PGP Glass Private Limited.
8. SENCO Pharma Packaging INDUSTRIES Ltd.
9. Shandong Province Medicinal Glass Co., Ltd.
10. Stölzle-Oberglas GmbH
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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