Ophthalmic Viscoelastic Devices (OVD) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Ophthalmic Viscoelastic Devices (OVD) Market covers analysis by Type ( Animal-derived, Synthetic ); Application ( Dermatology, Chemotherapy, Ophthalmology, Plastic Surgery, Others ), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010720
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Ophthalmic viscoelastic devices (OVDs) are a standard tool used in ophthalmic surgeries. Over the period, OVDs had acquired a lot of attention owing to their properties and advantages. Ophthalmology is a branch of medicine and surgery that deals with the diagnosis and treatment of eye disorders. OVD has a high impact on ophthalmic surgeries, especially cataract surgeries and other intraocular lens implantation. Many studies had proven that the use of OVD had increased the success rate of the surgeries.

MARKET DYNAMICS

The ophthalmic viscoelastic devices (OVD) market is driving due to an increasing number of cataract and glaucoma surgeries across the globe, developments in OVDs and favorable reimbursement policies. However, general awareness and availability of alternative therapy has restrained the growth of the market. Moreover, increasing prevalence of cataract and glaucoma surgeries, advances in the ophthalmic viscoelastic devices, and the increasing diabetic population are some of the major factors responsible for market growth.

MARKET SCOPE

The "Ophthalmic Viscoelastic Devices (OVD) Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of ophthalmic viscoelastic devices (OVD) market with detailed market segmentation by of product, and end user. The ophthalmic viscoelastic devices (OVD) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in ophthalmic viscoelastic devices (OVD) market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The ophthalmic viscoelastic devices (OVD) market is segmented on the basis of product and end user. Based on product, the market is segmented as cataract surgery, glaucoma surgery, corneal transplant and vitreoretinal surgery. On the basis of end user, the market is categorized as hospitals, ophthalmic clinics and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the ophthalmic viscoelastic devices (OVD) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ophthalmic viscoelastic devices (OVD) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting ophthalmic viscoelastic devices (OVD) market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the ophthalmic viscoelastic devices (OVD) market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the ophthalmic viscoelastic devices (OVD) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ophthalmic viscoelastic devices (OVD) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting ophthalmic viscoelastic devices (OVD) market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the ophthalmic viscoelastic devices (OVD) market in these regions.

MARKET PLAYERS

The report covers key developments in the ophthalmic viscoelastic devices (OVD) 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from ophthalmic viscoelastic devices (OVD) market are anticipated to have lucrative growth opportunities in the future with the rising demand for ophthalmic viscoelastic devices (OVD) in the global market. Below mentioned is the list of few companies engaged in the ophthalmic viscoelastic devices (OVD) market.

The report also includes the profiles of key players in ophthalmic viscoelastic devices (OVD) market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.


  •   Altacor
  •   Bausch Health Companies Inc.
  •   Bohus Biotech Ab
  •   Carl Zeiss Meditec Ag
  •   Cima Technology Inc.
  •   Eyekon Medical Inc.
  •   Haohai Biological Technology
  •   Johnson & Johnson
  •   Novartis International AG (Alcon Inc.)
  •   Rumex International Corporation


The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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
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 Ophthalmic Viscoelastic Devices (OVD) Market - By Product
1.3.2 Ophthalmic Viscoelastic Devices (OVD) Market - By End User
1.3.3 Ophthalmic Viscoelastic Devices (OVD) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPHTHALMIC VISCOELASTIC DEVICES (OVD) 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. OPHTHALMIC VISCOELASTIC DEVICES (OVD) 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. OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET - GLOBAL MARKET ANALYSIS
6.1. OPHTHALMIC VISCOELASTIC DEVICES (OVD) - GLOBAL MARKET OVERVIEW
6.2. OPHTHALMIC VISCOELASTIC DEVICES (OVD) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CATARACT SURGERY
7.3.1. Overview
7.3.2. Cataract Surgery Market Forecast and Analysis
7.4. GLAUCOMA SURGERY
7.4.1. Overview
7.4.2. Glaucoma Surgery Market Forecast and Analysis
7.5. CORNEAL TRANSPLANT
7.5.1. Overview
7.5.2. Corneal Transplant Market Forecast and Analysis
7.6. VITREORETINAL SURGERY
7.6.1. Overview
7.6.2. Vitreoretinal Surgery Market Forecast and Analysis
8. OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. OPHTHALMIC CLINICS
8.4.1. Overview
8.4.2. Ophthalmic Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ophthalmic Viscoelastic Devices (OVD) Market Overview
9.1.2 North America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis
9.1.3 North America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Product
9.1.4 North America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By End User
9.1.5 North America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ophthalmic Viscoelastic Devices (OVD) Market
9.1.5.1.1 United States Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.1.5.1.2 United States Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.1.5.2 Canada Ophthalmic Viscoelastic Devices (OVD) Market
9.1.5.2.1 Canada Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.1.5.2.2 Canada Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.1.5.3 Mexico Ophthalmic Viscoelastic Devices (OVD) Market
9.1.5.3.1 Mexico Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.1.5.3.2 Mexico Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.2. EUROPE
9.2.1 Europe Ophthalmic Viscoelastic Devices (OVD) Market Overview
9.2.2 Europe Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis
9.2.3 Europe Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Product
9.2.4 Europe Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By End User
9.2.5 Europe Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ophthalmic Viscoelastic Devices (OVD) Market
9.2.5.1.1 Germany Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.2.5.1.2 Germany Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.2.5.2 France Ophthalmic Viscoelastic Devices (OVD) Market
9.2.5.2.1 France Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.2.5.2.2 France Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.2.5.3 Italy Ophthalmic Viscoelastic Devices (OVD) Market
9.2.5.3.1 Italy Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.2.5.3.2 Italy Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.2.5.4 Spain Ophthalmic Viscoelastic Devices (OVD) Market
9.2.5.4.1 Spain Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.2.5.4.2 Spain Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.2.5.5 United Kingdom Ophthalmic Viscoelastic Devices (OVD) Market
9.2.5.5.1 United Kingdom Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.2.5.5.2 United Kingdom Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ophthalmic Viscoelastic Devices (OVD) Market Overview
9.3.2 Asia-Pacific Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis
9.3.3 Asia-Pacific Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ophthalmic Viscoelastic Devices (OVD) Market
9.3.5.1.1 Australia Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.3.5.1.2 Australia Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.3.5.2 China Ophthalmic Viscoelastic Devices (OVD) Market
9.3.5.2.1 China Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.3.5.2.2 China Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.3.5.3 India Ophthalmic Viscoelastic Devices (OVD) Market
9.3.5.3.1 India Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.3.5.3.2 India Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.3.5.4 Japan Ophthalmic Viscoelastic Devices (OVD) Market
9.3.5.4.1 Japan Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.3.5.4.2 Japan Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.3.5.5 South Korea Ophthalmic Viscoelastic Devices (OVD) Market
9.3.5.5.1 South Korea Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.3.5.5.2 South Korea Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ophthalmic Viscoelastic Devices (OVD) Market Overview
9.4.2 Middle East and Africa Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis
9.4.3 Middle East and Africa Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ophthalmic Viscoelastic Devices (OVD) Market
9.4.5.1.1 South Africa Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.4.5.1.2 South Africa Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.4.5.2 Saudi Arabia Ophthalmic Viscoelastic Devices (OVD) Market
9.4.5.2.1 Saudi Arabia Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.4.5.2.2 Saudi Arabia Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.4.5.3 U.A.E Ophthalmic Viscoelastic Devices (OVD) Market
9.4.5.3.1 U.A.E Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.4.5.3.2 U.A.E Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ophthalmic Viscoelastic Devices (OVD) Market Overview
9.5.2 South and Central America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis
9.5.3 South and Central America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Product
9.5.4 South and Central America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By End User
9.5.5 South and Central America Ophthalmic Viscoelastic Devices (OVD) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ophthalmic Viscoelastic Devices (OVD) Market
9.5.5.1.1 Brazil Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.5.5.1.2 Brazil Ophthalmic Viscoelastic Devices (OVD) Market by End User
9.5.5.2 Argentina Ophthalmic Viscoelastic Devices (OVD) Market
9.5.5.2.1 Argentina Ophthalmic Viscoelastic Devices (OVD) Market by Product
9.5.5.2.2 Argentina Ophthalmic Viscoelastic Devices (OVD) Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
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. OPHTHALMIC VISCOELASTIC DEVICES (OVD) MARKET, KEY COMPANY PROFILES
12.1. ALTACOR
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. BAUSCH HEALTH COMPANIES INC.
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. BOHUS BIOTECH AB
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. CARL ZEISS MEDITEC AG
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. CIMA TECHNOLOGY INC.
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. EYEKON MEDICAL INC.
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. HAOHAI BIOLOGICAL TECHNOLOGY
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. JOHNSON AND JOHNSON
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. NOVARTIS INTERNATIONAL AG (ALCON INC.)
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. RUMEX INTERNATIONAL CORPORATION
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. Altacor
2. Bausch Health Companies Inc.
3. Bohus Biotech Ab
4. Carl Zeiss Meditec Ag
5. Cima Technology Inc.
6. Eyekon Medical Inc.
7. Haohai Biological Technology
8. Johnson & Johnson
9. Novartis International AG (Alcon Inc.)
10. Rumex International Corporation

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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