The North America companion animal diagnostics market is expected to reach US$ 996.1 million by 2027 from US$ 741.9 million in 2019; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027.
The key factors driving the growth of companion animal diagnostics are growing prevalence of chronic diseases in pet animals and increasing adoption of pet animalsin the region. However, rising pet care costs is the major factor hindering the market growth in North America.The companion animal diagnostics product takes care of the diagnosis of different of diseases in the pet animals. These product deals with the epidemiology and pathogenesis of the domestic animal and prevents further complications with health of the pet as well as the owner. These products are normally used for the animals like cats, dogs, horses.
Pets have become an important part of humans’ lives as they have been observed to have positive effect on their owner’s life. They promote active lifestyle with companionship and have also been able to detect oncoming epileptic seizures or the presence of certain types of cancers. They also help bring social, emotional, and cognitive development in children, and relieve stress and anxiety in adults. Research studies have shown that dog owners have a 36% lower risk of dying from cardiovascular disease and an 11% lower risk of getting a heart attack. As per the National Pet Owners Survey2019-2020, conducted by the American Pet Products Association (APPA), it has been estimated that Sixty-seven percent of U.S. households, or about 85 million families, own a pet. This is 56 percent rise of U.S. households since 1988, the first year the survey was conducted.
Moreover, as per the American Society for the Prevention of Cruelty to Animals, ~6.5 million companion animals enter the countrywide animal shelters every year; the number has declined from ~7.2 million in 2011, which indicates an increase in animal adoption. Hence, the growing adoption of pets for companionship is fueling the companion animal diagnostics market growth.
The incidence of COVID 19 has not yet been registered for the animals. Also, there is no evidence that companion animals are the prime source of the spreading epidemic in humans. However, various studies have been conducted to check the spread of disease from animals to humans. In many cases, zoonotic diseases were found in humans due to interaction with animals. Therefore, government bodies are taking more precautions and safety measures to prevent the spread of COVID-19 in the animals. The measures are widely carried out for companion animals as they frequently come in contact with their owners.
Mexico Companion Animal Diagnostics Market,Revenue and Forecast to 2027 (US$ Mn)
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NORTH AMERICACOMPANION ANIMAL DIAGNOSTICS MARKET SEGMENTATION
By Technology
- Immunodiagnostics
- Lateral Flow Assays
- Elisa Tests
- Allergen-Specific Immunodiagnostic Tests Diagnostics
- Immunoassay Analyzers
- Clinical Biochemistry
- Clinical Chemistry Analysis
- Glucose Monitoring
- Blood Gas Electrolyte Analysis
- Hematology
- Urinalysis
- Molecular Diagnostics
By Application
- Bacteriology
- Clinical Pathology
- Virology
- Parasitology
- Others
By Animal Type
- Dogs
- Cats
- Horses
- Others
By End-User
- Diagnostic Laboratories
- Veterinary Hospitals and Clinics
- Research Institutes and Universities
By Country
- US
- Canada
- Mexico
Company Profiles
- Zoetis Inc
- Thermo Fisher Scientific Inc
- Idexx Laboratories, Inc.
- Heska Corporation
- Virbac
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Application, Animal Type, End-User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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 North America Companion Animal Diagnostics Market – By Technology
1.3.2 North America Companion Animal Diagnostics Market – By Application
1.3.3 North America Companion Animal Diagnostics Market – By Animal Type
1.3.4 North America Companion Animal Diagnostics Market– By End User
1.3.5 North America Companion Animal Diagnostics Market – By Country
2. North America Companion Animal Diagnostics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Companion Animal Diagnostics Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Companion Animal Diagnostics Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Companion Animal Diagnostics Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Prevalence of Chronic Diseases in Pet Animals
5.1.2 Increasing Adoption of Pets for Companionship
5.2 Key Market Restraints
5.2.1 Increasing Pet Care Costs and Extended Pet Lifespan
5.3 Key Market Opportunities
5.3.1 Demand of for Advanced Technologies to Improve Disease Diagnosis
5.4 Future Trends
5.5 Impact Analysis
6. Companion Animal Diagnostics Market – North America Analysis
6.1 North America Companion Animal Diagnostics Market Revenue Forecasts and Analysis
7. North America Companion Animal Diagnostics Market Analysis and Forecasts To 2027 – By Technology
7.1 Overview
7.2 North America Companion Animal Diagnostics Market, By Technology 2019 & 2027 (%)
7.2.1 North America Companion Animal Diagnostics Market Revenue and Forecasts to 2027, By Technology (US$ Mn)
7.3 Immunodiagnostics
7.3.1 Overview
7.3.2 North America Immunodiagnostics Market Revenue and Forecast to 2027 (US$ Mn)
7.3.3 Lateral Flow Assays
7.3.3.1 Overview
7.3.3.2 North America Lateral Flow Assays Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.4 ELISA Tests
7.3.4.1 Overview
7.3.4.2 North America ELISA Tests Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.5 Allergen-Specific Immunodiagnostic Tests
7.3.5.1 Overview
7.3.5.2 North America Allergen-Specific Immunodiagnostic Tests Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.6 Immunoassay Analyzers
7.3.6.1 Overview
7.3.6.2 North America Immunoassay Analyzers Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Clinical Biochemistry
7.4.1 Overview
7.4.2 North America Clinical Biochemistry Market Revenue and Forecasts to 2027 (US$ Mn)
7.4.3 Clinical Chemistry Analysis
7.4.3.1 Overview
7.4.3.2 North America Clinical Chemistry Analysis Market Revenue and Forecasts to 2027 (US$ Mn)
7.4.4 Glucose Monitoring
7.4.4.1 Overview
7.4.4.2 North America Glucose Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
7.4.5 Blood Gas Electrolyte Analysis
7.4.5.1 Overview
7.4.5.2 North America Blood Gas Electrolyte Analysis Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Hematology
7.5.1 Overview
7.5.2 North America Hematology Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Urinalysis
7.6.1 Overview
7.6.2 North America Urinalysis Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Molecular Diagnostics
7.7.1 Overview
7.7.2 North America Molecular Diagnostics Market Revenue and Forecast to 2027 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 North America Others Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Companion Animal Diagnostics Market Analysis and Forecasts To 2027 – By Application
8.1 Overview
8.2 North America Companion Animal Diagnostics Market, By Application 2019 & 2027 (%)
8.2.1 North America Companion Animal Diagnostics Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Bacteriology
8.3.1 Overview
8.3.2 North America Bacteriology Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Clinical Pathology
8.4.1 Overview
8.4.2 North America Clinical Pathology Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Virology
8.5.1 Overview
8.5.2 North America Virology Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Parasitology
8.6.1 Overview
8.6.2 North America Parasitology Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Companion Animal Diagnostics Market Analysis and Forecasts To 2027 – By Animal Type
9.1 Overview
9.2 North America Companion Animal Diagnostics Market, By Animal Type 2019 & 2027 (%)
9.2.1 North America Companion Animal Diagnostics Market Revenue and Forecasts to 2027, By Animal Type (US$ Mn)
9.3 Dogs
9.3.1 Overview
9.3.2 North America Dogs Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Cats
9.4.1 Overview
9.5 North America Cats Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Horses
9.6.1 Overview
9.6.2 North America Horses Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Companion Animal Diagnostics Market Analysis – By End-User
10.1 Overview
10.2 North America Companion Animal Diagnostics Market, By End-User 2019-2027 (%)
10.2.1 North America Companion Animal Diagnostics Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
10.3 Diagnostic Laboratories
10.3.1 Overview
10.3.2 North America Diagnostic Laboratories Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Veterinary Hospitals and Clinics
10.4.1 Overview
10.4.2 North America Veterinary Hospitals and Clinics Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Research Institutes and Universities
10.5.1 Overview
10.5.2 North America Research Institutes and Universities Market Revenue and Forecasts to 2027 (US$ Mn)
11. Companion Animal Diagnostics Market Revenue and Forecasts To 2027 – Geographical Analysis
11.1 North America Companion Animal Diagnostics Market Revenue and Forecasts To 2027
11.1.1 Overview
11.1.2 North America: Companion Animal Diagnostics Market - Revenue and Forecast to 2027 (USD Million)
11.1.3 North America Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
11.1.3.1 North America Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.3.2 North America Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.4 North America Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
11.1.5 North America Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
11.1.6 North America Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
11.1.7 North America: Companion Animal Diagnostics Market, by Country, 2019 & 2027 (%)
11.1.8 US: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.8.1 US: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.8.2 US Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
11.1.8.2.1 US Immunodiagnostics, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.8.2.2 US Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.8.3 US Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
11.1.8.4 US Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
11.1.8.5 US Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
11.1.9 Canada: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.1 Canada: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.2 Canada Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
11.1.9.2.1 Canada Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.9.2.2 Canada Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.9.3 Canada Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
11.1.9.4 Canada Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
11.1.9.5 Canada Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
11.1.10 Mexico: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.1 Mexico: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.2 Mexico Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
11.1.10.2.1 Mexico Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.10.2.2 Mexico Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
11.1.10.3 Mexico Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
11.1.10.4 Mexico Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
11.1.10.5 Mexico Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
12. Impact of COVID-19 Pandemic on North America Companion Animal Diagnostics Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 Zoetis Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Thermo Fisher Scientific Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Idexx Laboratories, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Heska Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Virbac
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Number of U.S. Households That Own a Pet, by Type of Animal, 2019–2020 (Millions)
Table 2. North America Companion Animal Diagnostics Market Revenue and Forecasts To 2027, By Technology (US$ Mn)
Table 3. North America Companion Animal Diagnostics Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 4. North America Companion Animal Diagnostics Market Revenue and Forecasts To 2027, By Animal Type (US$ Mn)
Table 5. Estimated Number Of Horses By Activity
Table 6. North America Companion Animal Diagnostics Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 7. North America Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 8. North America Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. North America Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 10. North America Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 11. North America Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
Table 12. North America Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. US Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 14. US Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 15. US Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 16. US Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 17. US Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
Table 18. US Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 19. Canada Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 20. Canada Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 21. Canada Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 22. Canada Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 23. Canada Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
Table 24. Canada Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 25. Mexico Companion Animal Diagnostics Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 26. Mexico Immunodiagnostics Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 27. Mexico Clinical Biochemistry Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 28. Mexico Companion Animal Diagnostics Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 29. Mexico Companion Animal Diagnostics Market, by Animal Type – Revenue and Forecast to 2027 (USD Million)
Table 30. Mexico Companion Animal Diagnostics Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 31. List of Abbreviation
LIST OF FIGURES
Figure 1. Companion Animal Diagnostics Market Segmentation
Figure 2. North America Companion Animal Diagnostics Market Overview
Figure 3. Immunodiagnostics Held Largest Share of Companion Animal Diagnostic Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Companion animal diagnostics Market - Leading Country Markets (US$ Mn)
Figure 6. Companion Animal Diagnostics Market - North America PEST Analysis
Figure 7. Companion Animal Diagnostics Market Impact Analysis of Driver and Restraints
Figure 8. North America Companion Animal Diagnostics Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. North America Companion Animal Diagnostics Market, By Technology 2019 & 2027 (%)
Figure 10. North America Immunodiagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Lateral Flow Assays Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America ELISA Tests Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Allergen-Specific Immunodiagnostic Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Immunoassay Analyzers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Clinical Biochemistry Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Clinical Chemistry Analysis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Glucose Monitoring Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Blood Gas Electrolyte Analysis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Hematology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Urinalysis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Molecular Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Companion Animal Diagnostics Market, By Application 2019 & 2027 (%)
Figure 24. North America Bacteriology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. North America Clinical Pathology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Virology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America Parasitology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. North America Companion Animal Diagnostics Market, By Animal Type 2019 & 2027 (%)
Figure 30. North America Dogs Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. North America Cats Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. North America Horses Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. North America Companion Animal Diagnostics Market, by End-User 2019 & 2027 (%)
Figure 35. North America Diagnostic Laboratories Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. North America Veterinary Hospitals and Clinics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 37. North America Research Institutes and Universities Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 38. North America: Companion Animal Diagnostics Market, by Key Country – Revenue (2019) (USD Million)
Figure 39. North America Companion Animal Diagnostics Market Revenue and Forecast to 2027 (USD Million)
Figure 40. North America: Companion Animal Diagnostics Market, by Country, 2019 & 2027 (%)
Figure 41. US: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
Figure 42. Canada: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
Figure 43. Mexico: Companion Animal Diagnostics Market – Revenue and Forecast to 2027 (USD Million)
Figure 44. Impact of COVID-19 Pandemic In North American Country Markets
- Zoetis Inc
- Thermo Fisher Scientific Inc
- Idexx Laboratories, Inc.
- Heska Corporation
- Virbac
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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Aug 2020
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Aug 2020
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Aug 2020
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)