The North America rare neurological disease treatment market is expected to reach US$ 6,113.29 Mn in 2027 from US$ 3,184.10 Mn in 2019. The market is estimated to grow with a CAGR of 8.7% from 2019-2027.
The growth of the market is driven by factors such as the rising prevalence of rare neurological diseases, increasing awareness about rare diseases, and robust pipeline drugs in the North America region. However, higher cost of rare neurological disease treatments is likely to restrain the market growth to a certain extent.
A large group of rare diseases that have inefficient diagnoses and treatments are the neurological disease. These diseases target the nervous system, which include the brain, spinal cord, and all the nerves that run throughout the human body. There is no surety regarding the onset of the diseases; some can strike during childhood, whereas others can affect even highly aged people.
In the world of medicine, rare neurological diseases represent significant burden on health systems in terms of disease diagnosis, treatment, and management. Some of the majorly observed rare neurological diseases comprises narcolepsy, amyotrophic lateral sclerosis, Alzheimer’s disease, multiple sclerosis, spinal muscular atrophy (SMA), Duchenne muscular dystrophy, and others. According to a data published by National Institutes of Neurological Disorders and Stroke in 2019, 7,000 rare neurological diseases have been registered in the US. Additionally, according to the same study, these conditions are responsible for significant number of morbidity and mortality. Additionally, increasing prevalence of rare neurological diseases is expected to drive the growth of the rare neurological disease treatment market during the forecast period.
Rapid developments in healthcare and drug discovery are leading to the introduction of new therapeutic solutions for the treatment of rare neurological diseases. Authorities such as World Health Organization, National Institute of Neurological Disorders and Stroke, and National Institutes of Health are taking constructive steps to encourage the research activities to find a remedy for rare neurological disease treatment. For instance, Neurological disorders, which include more than 1,000 conditions that disrupt the brain and nervous system, affect an estimated 100 million Americans, nearly one third of the US population. With the annual cost of neurological disorders already approaching $800 billion, new treatments that both modify and prevent neurological disease are more critical than ever. Such increasing awareness and developments for rare neurological diseases are likely to boost the growth of the rare neurological disease treatment market in North America during the forecast period.
The increasing use of rare neurological disease treatment in medical treatment cases in North America is expected to drive rare neurological disease treatment market the growing pharmaceuticals industry in the country create a lucrative opportunity and the presence of an established market for rare neurological disease treatment.
Mexico Rare neurological disease treatment Market Revenue and Forecasts to 2027 (US$ Bn)
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NORTH AMERICA RARE NEUROLOGICAL DISEASE TREATMENT – MARKET SEGMENTATION
North America Rare Neurological Disease Treatment Market - By Indication
- Narcolepsy
- Amyotrophic Lateral Sclerosis
- Alzheimer’s Disease
- Multiple Sclerosis
- Spinal Muscular Atrophy (SMA)
- Duchenne Muscular Dystrophy
- Other Indications
North America Rare Neurological Disease Treatment Market - By Drug Type
- Organic Compounds
- Biologics
North America Rare Neurological Disease Treatment Market - By Distribution Channel
- Online Pharmacies
- Hospital Pharmacies
- Retail Pharmacies
North America Rare Neurological Disease Treatment Market - By Mode of Administration
North America Rare Neurological Disease Treatment Market - By Country
- US
- Canada
- Mexico
North America Rare Neurological Disease Treatment Market - Companies Mentioned
- Allergan plc.
- Bayer AG
- GlaxoSmithKline plc.
- Johnson & Johnson Services Inc.
- Merck & Co. Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi
- Teva Pharmaceutical Industries Ltd
- Takeda Pharmaceutical Company Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
North America Rare Neurological Disease Treatment Market Forecast to 2027 - Covid-19 Impact and Regional Analysis Indication, Drug Type, Distribution Channel, Mode of Administration and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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 Rare Neurological Disease Treatment Market – By Indication
1.3.2 North America Rare Neurological Disease Treatment Market – By Drug Type
1.3.3 North America Rare Neurological Disease Treatment Market – By Distribution Channel
1.3.4 North America Rare Neurological Disease Treatment Market – By Mode of Administration
1.3.5 North America Rare Neurological Disease Treatment Market – By Country
2. North America Rare Neurological Disease Treatment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Rare Neurological Disease Treatment Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Rare Neurological Disease Treatment Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Rare Neurological Disease Treatment Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Prevalence of Rare Neurological Diseases
5.1.2 Favourable Pipeline Drugs and Robust Research Activities for the Treatment of Rare Neurological Diseases
5.2 Key Restraints
5.2.1 High Treatment Cost for Rare Neurological Diseases
5.3 Key Market Opportunities
5.3.1 Increasing Awareness of Rare Neurological Diseases Coupled with Developing Healthcare Infrastructure
5.4 Future Trend
5.4.1 Artificial Intelligence for the Treatment of Rare Neurological Diseases
5.5 Impact Analysis
6. Rare Neurological Disease Treatment Market – North America Analysis
6.1 North America Rare Neurological Disease Treatment Market Revenue Forecasts and Analysis
7. North America Rare Neurological Disease Treatment Market Analysis And Forecasts To 2027 – By Indication
7.1 Overview
7.2 North America Rare neurological disease treatment Market, By Indication 2019 & 2027 (%)
7.2.1 North America Rare neurological disease treatment Market Revenue and Forecasts to 2027, By Indication (US$ Mn)
7.3 Narcolepsy
7.3.1 Overview
7.3.2 North America Narcolepsy Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Amyotrophic Lateral Sclerosis
7.4.1 Overview
7.4.2 North America Amyotrophic Lateral Sclerosis Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Alzheimer’s Disease
7.5.1 Overview
7.5.2 North America Alzheimer’s Disease Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Multiple Sclerosis
7.6.1 Overview
7.6.2 North America Multiple Sclerosis Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Spinal Muscular Atrophy (SMA)
7.7.1 Overview
7.7.2 North America Spinal Muscular Atrophy Market Revenue and Forecast to 2027 (US$ Mn)
7.8 Duchenne Muscular Dystrophy
7.8.1 Overview
7.8.2 North America Duchenne Muscular Dystrophy Market Revenue and Forecast to 2027 (US$ Mn)
7.9 Other Indications
7.9.1 Overview
7.9.2 North America Other Indications Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Rare Neurological Disease Treatment Market Analysis– By Drug Type
8.1 Overview
8.2 North America Rare neurological disease treatment Market, By Drug Type 2019-2027 (%)
8.2.1 North America Rare Neurological Disease Treatment Market Revenue and Forecasts to 2027, By Drug Type (US$ Mn)
8.3 Organic Compounds
8.3.1 Overview
8.3.2 North America Organic Compounds Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Biologics
8.4.1 Overview
8.4.2 North America Biologics Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Rare Neurological Disease Treatment Market Analysis– By Distribution Channel
9.1 Overview
9.2 North America Rare Neurological Disease Treatment Market, By Distribution Channel 2019 & 2027 (%)
9.2.1 North America Rare Neurological Disease Treatment Market Revenue and Forecasts to 2027, By Distribution Channel (US$ Mn)
9.3 Online Pharmacies
9.3.1 Overview
9.3.2 North America Online Pharmacies Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Hospital Pharmacies
9.4.1 Overview
9.4.2 North America Hospital Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Retail Pharmacies
9.5.1 Overview
9.5.2 North America Retail Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Rare Neurological Disease Treatment Market Analysis– By Mode of Administration
10.1 Overview
10.2 North America Rare Neurological Disease Treatment Market, By Mode of Administration 2019 & 2027 (%)
10.2.1 North America Rare Neurological Disease Treatment Market Revenue and Forecasts to 2027, By Mode of Administration (US$ Mn)
10.3 Oral
10.3.1 Overview
10.3.2 North America Oral Market Revenue and Forecast to 2027 (US$ Mn)
10.4 Injectable
10.4.1 Overview
10.4.2 North America Injectable Market Revenue and Forecasts to 2027 (US$ Mn)
11. Rare Neurological Disease Treatment Market Revenue and Forecasts To 2027 – Geographical Analysis
11.1 North America Rare Neurological Disease Treatment Market Revenue and Forecasts To 2027
11.1.1 Overview
11.1.2 North America: Rare Neurological Disease Treatment Market, by Key Country – Revenue (2019) (USD Million)
11.1.3 North America: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.4 North America: Rare Neurological Disease Treatment Market, by Indication, 2018–2027 (USD Million)
11.1.5 North America: Rare Neurological Disease Treatment Market, by Drug Type, 2018–2027 (USD Million)
11.1.6 North America: Rare Neurological Disease Treatment Market, by Mode of Administration, 2018–2027 (USD Million)
11.1.7 North America: Rare Neurological Disease Treatment Market, by Distribution Channel, 2018–2027 (USD Million)
11.1.8 North America: Rare Neurological Disease Treatment Market, by Country, 2019& 2027 (%)
11.1.9 US: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.1 US: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.9.2 US: Rare Neurological Disease Treatment Market, by Indication, 2018–2027 (USD Million)
11.1.9.3 US: Rare Neurological Disease Treatment Market, by Drug Type, 2018–2027 (USD Million)
11.1.9.4 US: Rare Neurological Disease Treatment Market, by Mode of Administration, 2018–2027 (USD Million)
11.1.9.5 US: Rare Neurological Disease Treatment Market, by Distribution Channel, 2018–2027 (USD Million)
11.1.10 Canada: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.1 Canada: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.10.2 Canada: Rare Neurological Disease Treatment Market, by Indication, 2018–2027 (USD Million)
11.1.10.3 Canada: Rare Neurological Disease Treatment Market, by Drug Type, 2018–2027 (USD Million)
11.1.10.4 Canada: Rare Neurological Disease Treatment Market, by Mode of Administration, 2018–2027 (USD Million)
11.1.10.5 Canada: Rare Neurological Disease Treatment Market, by Distribution Channel, 2018–2027 (USD Million)
11.1.11 Mexico: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.11.1 Mexico: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
11.1.11.2 Mexico: Rare Neurological Disease Treatment Market, by Indication, 2018–2027 (USD Million)
11.1.11.3 Mexico: Rare Neurological Disease Treatment Market, by Drug Type, 2018–2027 (USD Million)
11.1.12 Mexico: Rare Neurological Disease Treatment Market, by Mode of Administration, 2018–2027 (USD Million)
11.1.12.1 Mexico: Rare Neurological Disease Treatment Market, by Distribution Channel, 2018–2027 (USD Million)
12. Impact Of COVID-19 Pandemic On North America Rare Neurological Diseases Treatment Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. North America Rare neurological disease treatment Market Industry Landscape
13.1 Overview
13.2 Organic Growth Strategies
13.2.1 Overview
14. Company Profiles
14.1 Johnson & Johnson Services, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Merck & Co., Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Pfizer Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Novartis AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 GlaxoSmithKline plc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of TermsLIST OF TABLES
Table 1. North America Rare neurological disease treatment Market Revenue and Forecasts To 2027, By Indication (US$ Mn)
Table 2. North America Rare Neurological Disease Treatment Market Revenue and Forecasts To 2027, By Drug Type (US$ Mn)
Table 3. North America Rare Neurological Disease Treatment Market Revenue and Forecasts To 2027, By Distribution Channel (US$ Mn)
Table 4. North America Rare Neurological Disease Treatment Market Revenue and Forecasts To 2027, By Mode of Administration (US$ Mn)
Table 5. North America Rare Neurological Disease Treatment Market, by Indication – Revenue and Forecast to 2027 (USD Million)
Table 6. North America Rare Neurological Disease Treatment Market, by Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 7. North America Rare Neurological Disease Treatment Market, by Mode of Administration – Revenue and Forecast to 2027 (USD Million)
Table 8. North America Rare Neurological Disease Treatment Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 9. US Rare Neurological Disease Treatment Market, by Indication – Revenue and Forecast to 2027 (USD Million)
Table 10. US Rare Neurological Disease Treatment Market, by Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 11. US Rare Neurological Disease Treatment Market, by Mode of Administration – Revenue and Forecast to 2027 (USD Million)
Table 12. US Rare Neurological Disease Treatment Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 13. Canada Rare Neurological Disease Treatment Market, by Indication – Revenue and Forecast to 2027 (USD Million)
Table 14. Canada Rare Neurological Disease Treatment Market, by Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 15. Canada Rare Neurological Disease Treatment Market, by Mode of Administration – Revenue and Forecast to 2027 (USD Million)
Table 16. Canada Rare Neurological Disease Treatment Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 17. Mexico Rare Neurological Disease Treatment Market, by Indication – Revenue and Forecast to 2027 (USD Million)
Table 18. Mexico Rare Neurological Disease Treatment Market, by Drug Type – Revenue and Forecast to 2027 (USD Million)
Table 19. Mexico Rare Neurological Disease Treatment Market, by Mode of Administration – Revenue and Forecast to 2027 (USD Million)
Table 20. Mexico Rare Neurological Disease Treatment Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million)
Table 21. Recent Inorganic Growth Strategies In The Rare Neurological Disease Treatment Market
Table 22. Recent Organic Growth Strategies In The Rare Neurological Disease Treatment Market
Table 23. Glossary of Terms, Rare Neurological Disease Treatment Market
LIST OF FIGURES
Figure 1. Rare Neurological Disease Treatment Market Segmentation
Figure 2. North America Rare Neurological Disease Treatment Market Overview
Figure 3. Alzheimer’s Disease Segment Held Largest Share Of Indication Segment In Rare Neurological Disease Treatment Market
Figure 4. US Is Expected To Show Remarkable Growth During The Forecast Period
Figure 5. North America Rare Neurological Disease Treatment Market- Leading Country Markets (US$ Mn)
Figure 6. Rare Neurological Disease Treatment Market, Industry Landscape
Figure 7. Rare Neurological Disease Treatment Market - North America PEST Analysis
Figure 8. Rare Neurological Disease Treatment Market Impact Analysis of Drivers and Restraints
Figure 9. North America Rare Neurological Disease Treatment Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. North America Rare neurological disease treatment Market, By Indication 2019 & 2027 (%)
Figure 11. North America Narcolepsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Amyotrophic Lateral Sclerosis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Alzheimer’s Disease Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Multiple Sclerosis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Spinal Muscular Atrophy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Duchenne Muscular Dystrophy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Other Indications Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Rare neurological disease treatment Market, by Drug Type 2019 & 2027 (%)
Figure 19. North America Organic Compounds Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Biologics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Rare Neurological Disease Treatment Market, By Distribution Channel 2019 & 2027 (%)
Figure 22. North America Online Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Hospital Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. North America Retail Pharmacies Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. North America Rare Neurological Disease Treatment Market, By Mode of Administration 2019 & 2027 (%)
Figure 26. North America Oral Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America Injectable Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. North America: Rare Neurological Disease Treatment Market, by Key Country – Revenue (2019) (USD Million)
Figure 29. North America Rare Neurological Disease Treatment Market Revenue and Forecast to 2027 (USD Million)
Figure 30. North America: Rare Neurological Disease Treatment Market, by Country, 2019 & 2027 (%)
Figure 31. US: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Canada: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Mexico: Rare Neurological Disease Treatment Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic In North American Country Markets
The List of Companies - North America Rare Neurological Disease Treatment Market
- Allergan plc.
- Bayer AG
- GlaxoSmithKline plc.
- Johnson & Johnson Services Inc.
- Merck & Co. Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi
- Teva Pharmaceutical Industries Ltd
- Takeda Pharmaceutical Company Limited
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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