Serological Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Serological Testing Market covers analysis By Test Type (Primary Serological Tests, Secondary Serological Tests, Tertiary Binding Tests); Application (Rotavirus Infections, Hepatitis, HIV, Endotoxin, Therapeutic Drug Monitoring, Other Infectious Diseases); End Users (Hospitals, Diagnostic Laboratories, Blood Banks, Academic and Research Institutes, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00023670
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Serology tests are blood tests that measure the levels of specific antibodies in the blood against particular bacteria, viruses, and any other foreign particle. It reveals whether a person has been exposed to a particular pathogen by looking at their immune response. It has wide applications in diagnostic laboratories to detect infectious diseases, blood group typing, and diagnosis of autoimmune disorders. These tests can provide detail about disease prevalence in a population by identifying individuals who have developed antibodies to the virus. Different types of serological tests and techniques are available for the diagnosis of various disease conditions.

MARKET SCOPE

The "Global Serological Testing 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 the serological testing market with detailed market segmentation by test type, application, end user, and geography. The report provides key statistics on the market status of the leading serological testing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

    - Based on test type, the global serological testing market is segmented into primary serological tests, secondary serological tests and tertiary binding tests.
    - Based on application, the market is segmented into rotavirus infections, hepatitis, HIV, endotoxins, therapeutic drug monitoring and other infectious diseases.
    - On the basis of end-users, the market is bifurcated into hospitals, diagnostic laboratories, blood banks, academic and research institutes and others.

MARKET DYNAMICS
Drivers:

    - Rising prevalence and increasing incidence rates of acute and infectious diseases such as tuberculosis, hepatitis, and HIV/AIDS worldwide drive the serological testing market growth.
    - New product development and approvals of serological tests for various bacterial and viral infections and the growing prevalence of hepatitis C infection boost market growth.
    - Rapidly increasing Covid-19 cases, growing geriatric population, and increasing awareness regarding various infectious and acute diseases fuel market growth.
    - Rising R&D investment for Covid-19 analysis kits and increasing technological advancements of serological testing propel market growth.

Restraints:

    - Strict government regulations.
    - High cost of serological tests.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The serological testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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

IMPACT OF COVID-19 ON SEROLOGICAL TESTING MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The Covid-19 pandemic caused disruptions in almost all industries and all regions of the world. Although considering the serology testing market, the serology testing demand has increased because it can help quantify the number of COVID-19 cases, including those who may have been asymptomatic and recovered. Moreover, the rising need to prevent the COVID-19 pandemic spread enhances the demand for the serological testing market. Therefore, the above-mentioned factors have influenced the market growth in the pandemic period.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The serological testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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

IMPACT OF COVID-19 ON SEROLOGICAL TESTING MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The Covid-19 pandemic caused disruptions in almost all industries and all regions of the world. Although considering the serology testing market, the serology testing demand has increased because it can help quantify the number of COVID-19 cases, including those who may have been asymptomatic and recovered. Moreover, the rising need to prevent the COVID-19 pandemic spread enhances the demand for the serological testing market. Therefore, the above-mentioned factors have influenced the market growth in the pandemic period.

MARKET PLAYERS

The report covers key developments in the serological testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from serological testing market are anticipated to have lucrative growth opportunities in the future with the rising demand for serological testing in the global market.

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

    - Serological Research Institute (SERI)
    - Abbott
    - BD
    - F. Hoffmann La-Roche Ltd
    - Thermo Fisher Scientific, Inc.
    - Randox Laboratories Ltd
    - Beckman Coulter, Inc.
    - Creative Diagnostics
    - ELITechGroup
    - Quest Diagnostics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
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 Serological Testing Market - By Test Type
1.3.2 Serological Testing Market - By Application
1.3.3 Serological Testing Market - By End Users
1.3.4 Serological Testing Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SEROLOGICAL TESTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. SEROLOGICAL TESTING 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. SEROLOGICAL TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. SEROLOGICAL TESTING - GLOBAL MARKET OVERVIEW
6.2. SEROLOGICAL TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SEROLOGICAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
7.1. OVERVIEW
7.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
7.3. PRIMARY SEROLOGICAL TESTS
7.3.1. Overview
7.3.2. Primary Serological Tests Market Forecast and Analysis
7.3.3. Enzyme Linked Immunosorbent Assay (ELISA) Market
7.3.3.1. Overview
7.3.3.2. Enzyme Linked Immunosorbent Assay (ELISA) Market Forecast and Analysis
7.3.4. Immunoflurescent Antibody Technique (IFAT) Market
7.3.4.1. Overview
7.3.4.2. Immunoflurescent Antibody Technique (IFAT) Market Forecast and Analysis
7.3.5. Radio Immunoassay (RIA) Market
7.3.5.1. Overview
7.3.5.2. Radio Immunoassay (RIA) Market Forecast and Analysis
7.4. SECONDARY SEROLOGICAL TESTS
7.4.1. Overview
7.4.2. Secondary Serological Tests Market Forecast and Analysis
7.4.3. Agglutination Tests Market
7.4.3.1. Overview
7.4.3.2. Agglutination Tests Market Forecast and Analysis
7.4.4. Complement Fixation Tests (CFT) Market
7.4.4.1. Overview
7.4.4.2. Complement Fixation Tests (CFT) Market Forecast and Analysis
7.4.5. Precipitation Tests Market
7.4.5.1. Overview
7.4.5.2. Precipitation Tests Market Forecast and Analysis
7.4.6. Serum Neutralization Tests (SNT) Market
7.4.6.1. Overview
7.4.6.2. Serum Neutralization Tests (SNT) Market Forecast and Analysis
7.4.7. Toxin-Antitoxin Tests Market
7.4.7.1. Overview
7.4.7.2. Toxin-Antitoxin Tests Market Forecast and Analysis
7.5. TERTIARY BINDING TESTS
7.5.1. Overview
7.5.2. Tertiary Binding Tests Market Forecast and Analysis
8. SEROLOGICAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ROTAVIRUS INFECTIONS
8.3.1. Overview
8.3.2. Rotavirus Infections Market Forecast and Analysis
8.4. HEPATITIS
8.4.1. Overview
8.4.2. Hepatitis Market Forecast and Analysis
8.5. HIV
8.5.1. Overview
8.5.2. HIV Market Forecast and Analysis
8.6. ENDOTOXIN
8.6.1. Overview
8.6.2. Endotoxin Market Forecast and Analysis
8.7. THERAPEUTIC DRUG MONITORING
8.7.1. Overview
8.7.2. Therapeutic Drug Monitoring Market Forecast and Analysis
8.8. OTHER INFECTIOUS DISEASES
8.8.1. Overview
8.8.2. Other Infectious Diseases Market Forecast and Analysis
9. SEROLOGICAL TESTING MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
9.1. OVERVIEW
9.2. END USERS MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic Laboratories Market Forecast and Analysis
9.5. BLOOD BANKS
9.5.1. Overview
9.5.2. Blood Banks Market Forecast and Analysis
9.6. ACADEMIC AND RESEARCH INSTITUTES
9.6.1. Overview
9.6.2. Academic and Research Institutes Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis

10. SEROLOGICAL TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Serological Testing Market Overview
10.1.2 North America Serological Testing Market Forecasts and Analysis
10.1.3 North America Serological Testing Market Forecasts and Analysis - By Test Type
10.1.4 North America Serological Testing Market Forecasts and Analysis - By Application
10.1.5 North America Serological Testing Market Forecasts and Analysis - By End Users
10.1.6 North America Serological Testing Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Serological Testing Market
10.1.6.1.1 Canada Serological Testing Market by Test Type
10.1.6.1.2 Canada Serological Testing Market by Application
10.1.6.1.3 Canada Serological Testing Market by End Users
10.1.6.2 Mexico Serological Testing Market
10.1.6.2.1 Mexico Serological Testing Market by Test Type
10.1.6.2.2 Mexico Serological Testing Market by Application
10.1.6.2.3 Mexico Serological Testing Market by End Users
10.1.6.3 US Serological Testing Market
10.1.6.3.1 US Serological Testing Market by Test Type
10.1.6.3.2 US Serological Testing Market by Application
10.1.6.3.3 US Serological Testing Market by End Users
10.2. EUROPE
10.2.1 Europe Serological Testing Market Overview
10.2.2 Europe Serological Testing Market Forecasts and Analysis
10.2.3 Europe Serological Testing Market Forecasts and Analysis - By Test Type
10.2.4 Europe Serological Testing Market Forecasts and Analysis - By Application
10.2.5 Europe Serological Testing Market Forecasts and Analysis - By End Users
10.2.6 Europe Serological Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Serological Testing Market
10.2.6.1.1 Germany Serological Testing Market by Test Type
10.2.6.1.2 Germany Serological Testing Market by Application
10.2.6.1.3 Germany Serological Testing Market by End Users
10.2.6.2 France Serological Testing Market
10.2.6.2.1 France Serological Testing Market by Test Type
10.2.6.2.2 France Serological Testing Market by Application
10.2.6.2.3 France Serological Testing Market by End Users
10.2.6.3 Italy Serological Testing Market
10.2.6.3.1 Italy Serological Testing Market by Test Type
10.2.6.3.2 Italy Serological Testing Market by Application
10.2.6.3.3 Italy Serological Testing Market by End Users
10.2.6.4 Spain Serological Testing Market
10.2.6.4.1 Spain Serological Testing Market by Test Type
10.2.6.4.2 Spain Serological Testing Market by Application
10.2.6.4.3 Spain Serological Testing Market by End Users
10.2.6.5 United Kingdom Serological Testing Market
10.2.6.5.1 United Kingdom Serological Testing Market by Test Type
10.2.6.5.2 United Kingdom Serological Testing Market by Application
10.2.6.5.3 United Kingdom Serological Testing Market by End Users
10.2.6.6 Rest of Europe Serological Testing Market
10.2.6.6.1 Rest of Europe Serological Testing Market by Test Type
10.2.6.6.2 Rest of Europe Serological Testing Market by Application
10.2.6.6.3 Rest of Europe Serological Testing Market by End Users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Serological Testing Market Overview
10.3.2 Asia-Pacific Serological Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Serological Testing Market Forecasts and Analysis - By Test Type
10.3.4 Asia-Pacific Serological Testing Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Serological Testing Market Forecasts and Analysis - By End Users
10.3.6 Asia-Pacific Serological Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Serological Testing Market
10.3.6.1.1 Australia Serological Testing Market by Test Type
10.3.6.1.2 Australia Serological Testing Market by Application
10.3.6.1.3 Australia Serological Testing Market by End Users
10.3.6.2 China Serological Testing Market
10.3.6.2.1 China Serological Testing Market by Test Type
10.3.6.2.2 China Serological Testing Market by Application
10.3.6.2.3 China Serological Testing Market by End Users
10.3.6.3 India Serological Testing Market
10.3.6.3.1 India Serological Testing Market by Test Type
10.3.6.3.2 India Serological Testing Market by Application
10.3.6.3.3 India Serological Testing Market by End Users
10.3.6.4 Japan Serological Testing Market
10.3.6.4.1 Japan Serological Testing Market by Test Type
10.3.6.4.2 Japan Serological Testing Market by Application
10.3.6.4.3 Japan Serological Testing Market by End Users
10.3.6.5 South Korea Serological Testing Market
10.3.6.5.1 South Korea Serological Testing Market by Test Type
10.3.6.5.2 South Korea Serological Testing Market by Application
10.3.6.5.3 South Korea Serological Testing Market by End Users
10.3.6.6 Rest of Asia-Pacific Serological Testing Market
10.3.6.6.1 Rest of Asia-Pacific Serological Testing Market by Test Type
10.3.6.6.2 Rest of Asia-Pacific Serological Testing Market by Application
10.3.6.6.3 Rest of Asia-Pacific Serological Testing Market by End Users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Serological Testing Market Overview
10.4.2 Middle East and Africa Serological Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Serological Testing Market Forecasts and Analysis - By Test Type
10.4.4 Middle East and Africa Serological Testing Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Serological Testing Market Forecasts and Analysis - By End Users
10.4.6 Middle East and Africa Serological Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Serological Testing Market
10.4.6.1.1 South Africa Serological Testing Market by Test Type
10.4.6.1.2 South Africa Serological Testing Market by Application
10.4.6.1.3 South Africa Serological Testing Market by End Users
10.4.6.2 Saudi Arabia Serological Testing Market
10.4.6.2.1 Saudi Arabia Serological Testing Market by Test Type
10.4.6.2.2 Saudi Arabia Serological Testing Market by Application
10.4.6.2.3 Saudi Arabia Serological Testing Market by End Users
10.4.6.3 U.A.E Serological Testing Market
10.4.6.3.1 U.A.E Serological Testing Market by Test Type
10.4.6.3.2 U.A.E Serological Testing Market by Application
10.4.6.3.3 U.A.E Serological Testing Market by End Users
10.4.6.4 Rest of Middle East and Africa Serological Testing Market
10.4.6.4.1 Rest of Middle East and Africa Serological Testing Market by Test Type
10.4.6.4.2 Rest of Middle East and Africa Serological Testing Market by Application
10.4.6.4.3 Rest of Middle East and Africa Serological Testing Market by End Users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Serological Testing Market Overview
10.5.2 South and Central America Serological Testing Market Forecasts and Analysis
10.5.3 South and Central America Serological Testing Market Forecasts and Analysis - By Test Type
10.5.4 South and Central America Serological Testing Market Forecasts and Analysis - By Application
10.5.5 South and Central America Serological Testing Market Forecasts and Analysis - By End Users
10.5.6 South and Central America Serological Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Serological Testing Market
10.5.6.1.1 Brazil Serological Testing Market by Test Type
10.5.6.1.2 Brazil Serological Testing Market by Application
10.5.6.1.3 Brazil Serological Testing Market by End Users
10.5.6.2 Argentina Serological Testing Market
10.5.6.2.1 Argentina Serological Testing Market by Test Type
10.5.6.2.2 Argentina Serological Testing Market by Application
10.5.6.2.3 Argentina Serological Testing Market by End Users
10.5.6.3 Rest of South and Central America Serological Testing Market
10.5.6.3.1 Rest of South and Central America Serological Testing Market by Test Type
10.5.6.3.2 Rest of South and Central America Serological Testing Market by Application
10.5.6.3.3 Rest of South and Central America Serological Testing Market by End Users

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. SEROLOGICAL TESTING MARKET, KEY COMPANY PROFILES
12.1. SEROLOGICAL RESEARCH INSTITUTE (SERI)
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. ABBOTT
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. BD
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. F. HOFFMANN LA-ROCHE LTD
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. THERMO FISHER SCIENTIFIC, 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. RANDOX LABORATORIES LTD
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. BECKMAN COULTER, INC.
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. CREATIVE DIAGNOSTICS
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. ELITECHGROUP
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. QUEST DIAGNOSTICS
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

- Serological Research Institute (SERI)
- Abbott
- BD
- F. Hoffmann La-Roche Ltd
- Thermo Fisher Scientific, Inc.
- Randox Laboratories Ltd
- Beckman Coulter, Inc.
- Creative Diagnostics
- ELITechGroup
- Quest Diagnostics

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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