Monofocal Intraocular Lens Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Monofocal Intraocular Lens Market covers analysis By Product (Spherical, Aspherical); Material (Polymethylmethacrylate(PMMA), Silicone, Hydrophobic Acrylic, Others); End-User (Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centers, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00015787
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Intraocular lenses (IOL) are the medical devices implanted inside the eye to replace the natural eye lens; to treat cataract or refractive errors. Monofocal IOLs are standard lenses used in cataract surgery. They are primarily performed on older people that are already entirely presbyopic. Monofocal IOL is an intraocular lens with a fixed focus for one distance. They can be selected for near, moderate distance, or distant focus, but only one of these three can be chosen. It focuses light that comes into your eye (like your own natural lens) through your cornea and pupil and onto your retina. Monofocal intraocular lens is constructed of silicone or acrylic and coated with a material to protect your eyes from UV rays.

MARKET DYNAMICS

The monofocal intraocular lens market has shown a significant evolution over the forecast period. The key driving factors include the rapid growth in the geriatric population and associated eye disorders and the increasing prevalence of eye diseases & diabetes in the overall population globally. The increase in the majority of cataracts has increased the demand for intraocular lenses globally. In 2015, according to the Vision Council, around 76.2% of adults in the U.S. underwent vision correction surgery, and about 22.1% of the adults expressed that they need vision correction. Moreover, the rising rate of diabetic retinopathy is creating lucrative opportunities for the development of the market. As per the National Eye Institute, the United States recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases, and it is expected to reach 11.3 million and 38 million, respectively, by 2030. Various government initiatives and awareness programs to eliminate avoidable blindness are together likely to propel the demand for a monofocal intraocular lens. For instance, in 2011, Lions Clubs International Foundation (LCIF), in partnership with the People's Republic of China, initiated a new phase of their campaign in China known as SightFirst China Action (SFCA), which aims at preventing blindness. However, unfavorable reimbursement scenario for premium lens and postoperative complications such as refractive errors are expected to impede the monofocal intraocular lens market growth.

MARKET SCOPE

The "Monofocal Intraocular Lens Market Analysis to 2028" is a specialized and in-depth study of the medical device in the healthcare industry, focusing on the global market trend analysis. This report provides an outline of the monofocal intraocular lens market with detailed market segmentation by product, material, and end-user. The monofocal intraocular lens market is expected to witness high growth during the forecast period. The report focuses on the vital statistics on the market status of the leading players in the monofocal intraocular lens market and offers key trends and opportunities.

MARKET SEGMENTATION

The market is segmented based on the product, material, and end-user. Based on the product, the market is categorized as spherical and aspherical. Based on the material, the market is segmented as polymethylmethacrylate (PMMA), silicone, hydrophobic acrylic, and others. Based on the end-user, the market is segmented as hospitals, ophthalmology clinics, ambulatory surgical centers, and others.

REGIONAL FRAMEWORK

The report lays out a comprehensive outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the monofocal intraocular lens market based on various segments. It also comprises of market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The market by each region is then subdivided into respective countries and segments. The report comprises the analysis and forecast of eighteen countries globally and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the monofocal intraocular lens market from both the demand and supply side. Moreover, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends.
The report also consists of precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the monofocal intraocular lens market in these regions.

World Geography

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MARKET PLAYERS


The report lays out a comprehensive outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the monofocal intraocular lens market based on various segments. It also comprises of market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The market by each region is then subdivided into respective countries and segments. The report comprises the analysis and forecast of eighteen countries globally and the recent trend and opportunities prevailing in the region.

The report analyzes factors affecting the monofocal intraocular lens market from both the demand and supply side. Moreover, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends.
The report also consists of precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the monofocal intraocular lens market in these regions.

MARKET PLAYERS

The report contains critical developments in the monofocal intraocular lens market as organic and inorganic growth strategies. Multiple enterprises focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the monofocal intraocular lens market are anticipated to have profitable growth opportunities in the coming years with the rising demand for the monofocal intraocular lens market in the global market. Given below is the list of few companies engaged in the monofocal intraocular lens market.

The report also provides the profiles of the primary players in the monofocal intraocular lens market, along with their SWOT analysis and market strategies. Additionally, the report elaborates on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.

  •  Alcon Vision LLC
  •  HumanOptics AG
  •  Johnson & Johnson Vision Care, Inc.
  •  HOYA Surgical Optics GmbH
  •  Carl Zeiss Meditec AG
  •  Bausch + Lomb
  •  Ophtec BV
  •  Lenstec, Inc.
  •  Rayner Intraocular Lenses Limited.
  •  SIFI S.p.A

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current 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
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 Monofocal Intraocular Lens Market - By Product
1.3.2 Monofocal Intraocular Lens Market - By Material
1.3.3 Monofocal Intraocular Lens Market - By End-User
1.3.4 Monofocal Intraocular Lens Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MONOFOCAL INTRAOCULAR LENS 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. MONOFOCAL INTRAOCULAR LENS 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. MONOFOCAL INTRAOCULAR LENS MARKET - GLOBAL MARKET ANALYSIS
6.1. MONOFOCAL INTRAOCULAR LENS - GLOBAL MARKET OVERVIEW
6.2. MONOFOCAL INTRAOCULAR LENS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SPHERICAL
7.3.1. Overview
7.3.2. Spherical Market Forecast and Analysis
7.4. ASPHERICAL
7.4.1. Overview
7.4.2. Aspherical Market Forecast and Analysis
8. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. POLYMETHYLMETHACRYLATE(PMMA)
8.3.1. Overview
8.3.2. Polymethylmethacrylate(PMMA) Market Forecast and Analysis
8.4. SILICONE
8.4.1. Overview
8.4.2. Silicone Market Forecast and Analysis
8.5. HYDROPHOBIC ACRYLIC
8.5.1. Overview
8.5.2. Hydrophobic Acrylic Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. OPHTHALMOLOGY CLINICS
9.4.1. Overview
9.4.2. Ophthalmology Clinics Market Forecast and Analysis
9.5. AMBULATORY SURGICAL CENTERS
9.5.1. Overview
9.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. MONOFOCAL INTRAOCULAR LENS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Monofocal Intraocular Lens Market Overview
10.1.2 North America Monofocal Intraocular Lens Market Forecasts and Analysis
10.1.3 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.1.4 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.1.5 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.1.6 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.1.6.1 United States Monofocal Intraocular Lens Market
10.1.6.1.1 United States Monofocal Intraocular Lens Market by Product
10.1.6.1.2 United States Monofocal Intraocular Lens Market by Material
10.1.6.1.3 United States Monofocal Intraocular Lens Market by End-User
10.1.6.2 Canada Monofocal Intraocular Lens Market
10.1.6.2.1 Canada Monofocal Intraocular Lens Market by Product
10.1.6.2.2 Canada Monofocal Intraocular Lens Market by Material
10.1.6.2.3 Canada Monofocal Intraocular Lens Market by End-User
10.1.6.3 Mexico Monofocal Intraocular Lens Market
10.1.6.3.1 Mexico Monofocal Intraocular Lens Market by Product
10.1.6.3.2 Mexico Monofocal Intraocular Lens Market by Material
10.1.6.3.3 Mexico Monofocal Intraocular Lens Market by End-User
10.2. EUROPE
10.2.1 Europe Monofocal Intraocular Lens Market Overview
10.2.2 Europe Monofocal Intraocular Lens Market Forecasts and Analysis
10.2.3 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.2.4 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.2.5 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.2.6 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Monofocal Intraocular Lens Market
10.2.6.1.1 Germany Monofocal Intraocular Lens Market by Product
10.2.6.1.2 Germany Monofocal Intraocular Lens Market by Material
10.2.6.1.3 Germany Monofocal Intraocular Lens Market by End-User
10.2.6.2 France Monofocal Intraocular Lens Market
10.2.6.2.1 France Monofocal Intraocular Lens Market by Product
10.2.6.2.2 France Monofocal Intraocular Lens Market by Material
10.2.6.2.3 France Monofocal Intraocular Lens Market by End-User
10.2.6.3 Italy Monofocal Intraocular Lens Market
10.2.6.3.1 Italy Monofocal Intraocular Lens Market by Product
10.2.6.3.2 Italy Monofocal Intraocular Lens Market by Material
10.2.6.3.3 Italy Monofocal Intraocular Lens Market by End-User
10.2.6.4 Spain Monofocal Intraocular Lens Market
10.2.6.4.1 Spain Monofocal Intraocular Lens Market by Product
10.2.6.4.2 Spain Monofocal Intraocular Lens Market by Material
10.2.6.4.3 Spain Monofocal Intraocular Lens Market by End-User
10.2.6.5 United Kingdom Monofocal Intraocular Lens Market
10.2.6.5.1 United Kingdom Monofocal Intraocular Lens Market by Product
10.2.6.5.2 United Kingdom Monofocal Intraocular Lens Market by Material
10.2.6.5.3 United Kingdom Monofocal Intraocular Lens Market by End-User
10.2.6.6 Rest of Europe Monofocal Intraocular Lens Market
10.2.6.6.1 Rest of Europe Monofocal Intraocular Lens Market by Product
10.2.6.6.2 Rest of Europe Monofocal Intraocular Lens Market by Material
10.2.6.6.3 Rest of Europe Monofocal Intraocular Lens Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Monofocal Intraocular Lens Market Overview
10.3.2 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis
10.3.3 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Monofocal Intraocular Lens Market
10.3.6.1.1 Australia Monofocal Intraocular Lens Market by Product
10.3.6.1.2 Australia Monofocal Intraocular Lens Market by Material
10.3.6.1.3 Australia Monofocal Intraocular Lens Market by End-User
10.3.6.2 China Monofocal Intraocular Lens Market
10.3.6.2.1 China Monofocal Intraocular Lens Market by Product
10.3.6.2.2 China Monofocal Intraocular Lens Market by Material
10.3.6.2.3 China Monofocal Intraocular Lens Market by End-User
10.3.6.3 India Monofocal Intraocular Lens Market
10.3.6.3.1 India Monofocal Intraocular Lens Market by Product
10.3.6.3.2 India Monofocal Intraocular Lens Market by Material
10.3.6.3.3 India Monofocal Intraocular Lens Market by End-User
10.3.6.4 Japan Monofocal Intraocular Lens Market
10.3.6.4.1 Japan Monofocal Intraocular Lens Market by Product
10.3.6.4.2 Japan Monofocal Intraocular Lens Market by Material
10.3.6.4.3 Japan Monofocal Intraocular Lens Market by End-User
10.3.6.5 South Korea Monofocal Intraocular Lens Market
10.3.6.5.1 South Korea Monofocal Intraocular Lens Market by Product
10.3.6.5.2 South Korea Monofocal Intraocular Lens Market by Material
10.3.6.5.3 South Korea Monofocal Intraocular Lens Market by End-User
10.3.6.6 Rest of Asia-Pacific Monofocal Intraocular Lens Market
10.3.6.6.1 Rest of Asia-Pacific Monofocal Intraocular Lens Market by Product
10.3.6.6.2 Rest of Asia-Pacific Monofocal Intraocular Lens Market by Material
10.3.6.6.3 Rest of Asia-Pacific Monofocal Intraocular Lens Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Monofocal Intraocular Lens Market Overview
10.4.2 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis
10.4.3 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Monofocal Intraocular Lens Market
10.4.6.1.1 South Africa Monofocal Intraocular Lens Market by Product
10.4.6.1.2 South Africa Monofocal Intraocular Lens Market by Material
10.4.6.1.3 South Africa Monofocal Intraocular Lens Market by End-User
10.4.6.2 Saudi Arabia Monofocal Intraocular Lens Market
10.4.6.2.1 Saudi Arabia Monofocal Intraocular Lens Market by Product
10.4.6.2.2 Saudi Arabia Monofocal Intraocular Lens Market by Material
10.4.6.2.3 Saudi Arabia Monofocal Intraocular Lens Market by End-User
10.4.6.3 U.A.E Monofocal Intraocular Lens Market
10.4.6.3.1 U.A.E Monofocal Intraocular Lens Market by Product
10.4.6.3.2 U.A.E Monofocal Intraocular Lens Market by Material
10.4.6.3.3 U.A.E Monofocal Intraocular Lens Market by End-User
10.4.6.4 Rest of Middle East and Africa Monofocal Intraocular Lens Market
10.4.6.4.1 Rest of Middle East and Africa Monofocal Intraocular Lens Market by Product
10.4.6.4.2 Rest of Middle East and Africa Monofocal Intraocular Lens Market by Material
10.4.6.4.3 Rest of Middle East and Africa Monofocal Intraocular Lens Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Monofocal Intraocular Lens Market Overview
10.5.2 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis
10.5.3 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.5.4 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.5.5 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Monofocal Intraocular Lens Market
10.5.6.1.1 Brazil Monofocal Intraocular Lens Market by Product
10.5.6.1.2 Brazil Monofocal Intraocular Lens Market by Material
10.5.6.1.3 Brazil Monofocal Intraocular Lens Market by End-User
10.5.6.2 Argentina Monofocal Intraocular Lens Market
10.5.6.2.1 Argentina Monofocal Intraocular Lens Market by Product
10.5.6.2.2 Argentina Monofocal Intraocular Lens Market by Material
10.5.6.2.3 Argentina Monofocal Intraocular Lens Market by End-User
10.5.6.3 Rest of South and Central America Monofocal Intraocular Lens Market
10.5.6.3.1 Rest of South and Central America Monofocal Intraocular Lens Market by Product
10.5.6.3.2 Rest of South and Central America Monofocal Intraocular Lens Market by Material
10.5.6.3.3 Rest of South and Central America Monofocal Intraocular Lens 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. MONOFOCAL INTRAOCULAR LENS MARKET, KEY COMPANY PROFILES
12.1. ALCON VISION LLC
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. HUMANOPTICS 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. JOHNSON & JOHNSON VISION CARE, INC.
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. HOYA SURGICAL OPTICS GMBH
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. CARL ZEISS MEDITEC AG
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. BAUSCH + LOMB
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. OPHTEC BV
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. LENSTEC, INC.
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. RAYNER INTRAOCULAR LENSES LIMITED.
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. SIFI S.P.A
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. Alcon Vision LLC
2. HumanOptics AG
3. Johnson & Johnson Vision Care, Inc.
4. HOYA Surgical Optics GmbH
5. Carl Zeiss Meditec AG
6. Bausch + Lomb
7. Ophtec BV
8. Lenstec, Inc.
9. Rayner Intraocular Lenses Limited.
10. SIFI S.p.A

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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