South and Central America Foot Orthotic Insoles Market to Grow at a CAGR of 3.9% to reach US$ 222.41 Million from 2020 to 2027

South and Central America Foot Orthotic Insoles Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type ( Customized and Prefabricated ); Material (Thermoplastics, Polyethylene foams, Leather, Cork, Composite Carbon Fibers, Ethyl-vinyl acetates (EVAs), Gel, and Others ); Application ( Sports and Athletics, Medical, and Personal Comfort ); Distribution Channel ( Drug Stores, Hospitals and Specialty Clinics, Online Stores, and Others ), and Country

  • Report Code : TIPRE00016084
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 139
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The South and Central America foot orthotic insoles market is expected to reach US$ 222.41 million by 2027 from US$ 165.64 million in 2019. The market is estimated to grow at a CAGR of 3.9% from 2020 to 2027.

The growth of the market is attributed to the increasing incidence of diabetes, arthritis, and other foot conditions and growing demand from sports sector. However, less adoption of foot orthotic insoles due to lack of awareness in emerging economies hinders the growth of the foot orthotic insoles market

As per the IDF, the prevalence of diabetes in adults is 11.4% in Brazil. Besides, the aging population is contributing to the increasing demand for foot orthotic insoles. Environmental factors such as obesity, aging, diet, and physical activity; genetic factors; contributed in accelerating diabetes population. Chronic wounds, such as diabetic foot ulcers and venous leg ulcers, have brought substantial challenges to millions of patients worldwide. The demand for the foot orthotic insoles has seen a dramatic increase over the past few years due to the increasing prevalence of diseases such as diabetes, obesity, arthritis. Elevated plantar pressures are recognized as one of the risk factors for first ulceration and international guidelines suggest the use of orthotic insoles to reduce pressures. Increasing prevalence of diabetes is expected to boost the adoption of foot orthotic insoles in the coming years. Apart from this, rise in cases of rheumatoid arthritis (RA) is likely to increase the demand for foot orthotic insoles during the forecast period. RA is a chronic, autoimmune, inflammatory disease that causes swelling in joints. It commonly affects joints in the hands, wrists, and knees.

South and Central America Foot Orthotic Insoles Market Revenue and Forecast to 2027 (US$ Million)

South and Central America Foot Orthotic Insoles Market Revenue and Forecast to 2027 (US$ Million)

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South and Central America Foot Orthotic Insoles Market Segmentation

By Product Type

  • Customized
  • Prefabricated

By Material

  • Thermoplastics
  • Polyethylene foams
  • Leather
  • Cork
  • Composite Carbon Fibers
  • Ethyl-vinyl acetates (EVAs)
  • Gel
  • Others

By Application

  • Sports and Athletics
  • Medical
  • Personal Comfort

By Distribution Channel

  • Drug Stores
  • Hospitals and Specialty
  • Online Stores
  • Others

By Country

  • Brazil
  • Argentina
  • Rest of South and Central America

Company Profiles

  • Aetrex Worldwide, Inc
  • Bauerfeind AG
  • OttoBock
  • Superfeet Worldwide Inc.
  • Sidas
  • Algeos
  • Yellow Wood Partners, LLC
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Material, Application, Distribution Channel, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Brazil, Argentina

TABLE OF CONTENTS

1. Introduction. 16

1.1 Scope of the Study. 16

1.2 The Insight Partners Research Report Guidance. 16

1.3 Market Segmentation. 18

1.3.1 South and Central America Foot Orthotic Insoles Market– By Product Type. 22

1.3.2 South and Central America Foot Orthotic Insoles Market– By Material 22

1.3.3 South and Central America Foot Orthotic Insoles Market – By Application. 22

1.3.4 South and Central America Foot Orthotic Insoles Market – By Distribution Channel 23

1.3.5 South and Central America Foot Orthotic Insoles Market– By Region. 23

2. Foot Orthotic Insoles Market – Key Takeaways. 24

2.1 Coverage. 32

2.2 Secondary Research. 32

2.3 Primary Research. 33

3. Foot Orthotic Insoles – Market Landscape. 34

3.1 Overview. 34

3.2 PEST Analysis. 35

3.2.1 South and Central America. 35

4. South and Central America Foot Orthotic Insoles Market – Industry Dynamics. 37

4.1 Key Drivers. 37

4.1.1 Increasing Incidence of Diabetes, Arthritis, and Other Foot Conditions. 37

4.1.2 Growing Demand from Sports Sector 37

4.2 Market Restraints. 38

4.2.1 Lack of Adoption in Emerging Economies. 38

4.3 Market Opportunities. 39

4.3.1 Increase in Adoption of Digital Platforms. 39

4.4 Future Trends. 40

4.4.1 3D Printed Orthotics Insoles. 40

4.5 Impact Analysis. 41

5. Foot Orthotic Insoles Market – Regional Analysis. 42

5.1 South and Central America Foot Orthotic Insoles Market Revenue Forecast And Analysis. 42

5.2 Market Positioning of Key Players. 44

6. Foot Orthotic Insoles Market Analysis – By Product Type. 45

6.1 Overview. 45

6.2 Foot Orthotic Insoles Market Revenue Share, by Product Type, 2019 and 2027 (%) 45

6.2.1 South and Central America Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 46

6.3 Customized. 47

6.3.1 Overview. 47

6.3.2 Customized: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 47

6.4 Prefabricated. 49

6.4.1 Overview. 49

6.4.2 Prefabricated: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 49

7. Foot Orthotic Insoles Market – By Material 51

7.1 Overview. 51

7.2 Foot Orthotic Insoles Market, by Material, 2019 and 2027 (%) 51

7.2.1 South and Central America Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 52

7.3 Thermoplastics. 53

7.3.1 Overview. 53

7.3.2 Thermoplastics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 53

7.4 Leather 55

7.4.1 Overview. 55

7.4.2 Leather: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 55

7.5 Composite Carbon Fibers. 57

7.5.1 Overview. 57

7.5.2 Composite Carbon Fibers: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 57

7.6 Polyethylene Foams. 59

7.6.1 Overview. 59

7.6.2 Polyethylene Foams: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 59

7.7 Cork. 61

7.7.1 Overview. 61

7.7.2 Cork: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 61

7.8 Ethyl-Vinyl Acetates (EVAs) 63

7.8.1 Overview. 63

7.8.2 Ethyl-Vinyl Acetates (EVAs): Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 63

7.9 Gel 65

7.9.1 Overview. 65

7.9.2 Gel: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 65

7.10 Others. 67

7.10.1 Overview. 67

7.10.2 Others: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 67

8. Foot Orthotic Insoles Market – By Application. 69

8.1 Overview. 69

8.2 Foot Orthotic Insoles Market, by Application, 2019 and 2027 (%) 69

8.2.1 South and Central America Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 70

8.3 Sports and Athletics. 71

8.3.1 Overview. 71

8.3.2 Sports and Athletics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 72

8.4 Medical 73

8.4.1 Overview. 73

8.4.2 Medical: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 73

8.5 Personal Comfort 75

8.5.1 Overview. 75

8.5.2 Personal Comfort: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 75

9. Foot Orthotic Insoles Market – By Distribution Channel 77

9.1 Overview. 77

9.2 Foot Orthotic Insoles Market, by Distribution Channel, 2019 and 2027 (%) 77

9.2.1 South and Central America Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million) 78

9.3 Drug Stores. 80

9.3.1 Overview. 80

9.3.2 Drug Stores: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 80

9.4 Hospitals and Specialty Clinics. 82

9.4.1 Overview. 82

9.4.2 Hospitals and Specialty Clinics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 82

9.5 Online Stores. 84

9.5.1 Overview. 84

9.5.2 Online Stores Segment : Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 84

9.6 Others. 86

9.6.1 Overview. 86

9.6.2 Others Segment : Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 86

10. Foot Orthotic Insoles Market– Regional Analysis. 88

10.1.1 South and Central America: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 90

10.1.2 South and Central America Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 90

10.1.3 South and Central America Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 92

10.1.4 South and Central America Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 92

10.1.5 South and Central America Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million) 94

10.1.6 South and Central America: Foot Orthotic Insoles Market, by Country, 2019 & 2027 (%) 94

10.1.7 Brazil: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 96

10.1.7.1 Brazil: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 96

10.1.7.2 Brazil Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 97

10.1.7.3 Brazil Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 98

10.1.7.4 Brazil Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 98

10.1.7.5 Brazil Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million) 100

10.1.8 Argentina: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 101

10.1.8.1 Argentina: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 101

10.1.8.2 Argentina Foot Orthotic Insoles Market, by Diagnostic Tool – Revenue and Forecast to 2027 (USD Million) 102

10.1.8.3 Argentina Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 103

10.1.8.4 Argentina Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 103

10.1.8.5 Argentina Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million) 105

11. Impact of COVID-19 Pandemic on South and Central America Foot Orthotic Insoles Market 106

11.1 South and Central America: Impact Assessment of COVID-19 Pandemic. 106

12. Company Profiles. 108

12.1 SIDAS. 108

12.1.1 Key Facts. 108

12.1.2 Business Description. 108

12.1.3 Products and Services. 108

12.1.4 Financial Overview. 110

12.1.5 SWOT Analysis. 110

12.1.6 Key Developments. 111

12.2 OTTOBOCK. 112

12.2.1 Key Facts. 112

12.2.2 Business Description. 112

12.2.3 Products and Services. 112

12.2.4 Financial Overview. 113

12.2.5 SWOT Analysis. 113

12.2.6 Key Developments. 114

12.3 Aetrex Worldwide, Inc. 115

12.3.1 Key Facts. 115

12.3.2 Business Description. 115

12.3.3 Products and Services. 116

12.3.4 Financial Overview. 117

12.3.5 SWOT Analysis. 117

12.3.6 Key Developments. 119

12.4 Algeos. 120

12.4.1 Key Facts. 120

12.4.2 Business Description. 120

12.4.3 Products and Services. 120

12.4.4 Financial Overview. 123

12.4.5 SWOT Analysis. 123

12.4.6 Key Developments. 124

12.5 Superfeet Worldwide Inc. 126

12.5.1 Key Facts. 126

12.5.2 Business Description. 126

12.5.3 Products and Services. 126

12.5.4 Financial Overview. 127

12.5.5 SWOT Analysis. 128

12.5.6 Key Developments. 128

12.6 Bauerfeind. 129

12.6.1 Key Facts. 129

12.6.2 Business Description. 129

12.6.3 Products and Services. 129

12.6.4 Financial Overview. 131

12.6.5 SWOT Analysis. 131

12.6.6 Key Developments. 131

12.7 YELLOW WOOD PARTNERS, LLC. 132

12.7.1 Key Facts. 132

12.7.2 Business Description. 132

12.7.3 Products and Services. 132

12.7.4 Financial Overview. 133

12.7.5 SWOT Analysis. 133

12.7.6 Key Developments. 134

13. Appendix. 136

13.1 About The Insight Partners. 136

13.2 Glossary of Terms. 136


LIST OF TABLES

Table 1. South and Central America Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 46

Table 2. South and Central America Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 52

Table 3. South and Central America Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 70

Table 4. South and Central America Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million) 78

Table 5. South and Central America Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 90

Table 6. South and Central America Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 92

Table 7. South and Central America Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 92

Table 8. South and Central America Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million) 94

Table 9. Brazil Foot Orthotic Insoles Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 97

Table 10. Brazil Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 98

Table 11. Brazil Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 98

Table 12. Brazil Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Million) 100

Table 13. Argentina Foot Orthotic Insoles Market, Diagnostic Tool – Revenue and Forecast to 2027 (USD Million) 102

Table 14. Argentina Foot Orthotic Insoles Market, by Material – Revenue and Forecast to 2027 (USD Million) 103

Table 15. Argentina Foot Orthotic Insoles Market, by Application – Revenue and Forecast to 2027 (USD Million) 103

Table 16. Argentina Foot Orthotic Insoles Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million) 105

Table 17. Glossary of Terms, Foot Orthotic Insoles Market 136

LIST OF FIGURES

Figure 1. Foot Orthotic Insoles Market Segmentation. 18

Figure 2. Foot Orthotic Insoles Segmentation – By Region. 20

Figure 3. South and Central America Foot Orthotic Insoles Market Overview. 24

Figure 4. Customized Segment Held Largest Share Of Product Type Segment In Foot Orthotic Insoles Market 26

Figure 5. Brazil Is Expected to Show Remarkable Growth During the Forecast Period. 28

Figure 6. Research Methodology. 30

Figure 7. South and Central America PEST Analysis. 35

Figure 8. South and Central America Foot Orthotic Insoles Market – Revenue Forecast And Analysis – 2019- 2027. 43

Figure 9. Market Positioning Of Key Players In Foot Orthotic Insoles Market 44

Figure 10. Foot Orthotic Insoles Market Revenue Share, by Product Type, 2019 and 2027 (%) 45

Figure 11. Customized: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 48

Figure 12. Prefabricated: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 50

Figure 13. Foot Orthotic Insoles Market, by Material, 2019 and 2027 (%) 51

Figure 14. Thermoplastics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 53

Figure 15. Leather: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 55

Figure 16. Composite Carbon Fibers: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 57

Figure 17. Polyethylene Foams: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 59

Figure 18. Cork: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 61

Figure 19. Ethyl-Vinyl Acetates (EVAs): Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 63

Figure 20. Gel: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 65

Figure 21. Others: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 67

Figure 22. Foot Orthotic Insoles Market, by Application, 2019 and 2027 (%) 69

Figure 23. Sports and Athletics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 72

Figure 24. Medical: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 73

Figure 25. Personal Comfort: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 75

Figure 26. Foot Orthotic Insoles Market, by Distribution Channel, 2019 and 2027 (%) 77

Figure 27. Drug Stores: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 80

Figure 28. Hospitals and Specialty Clinics: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 82

Figure 29. Online Stores: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 84

Figure 30. Others: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (US$ Million) 86

Figure 31. South and Central America: Foot Orthotic Insoles Market, by Key Country – Revenue (2019) (USD Million) 88

Figure 32. South and Central America Foot Orthotic Insoles Market Revenue and Forecast to 2027 (USD Million) 90

Figure 33. South and Central America: Foot Orthotic Insoles Market, by Country, 2019 & 2027 (%) 94

Figure 34. Brazil: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 96

Figure 35. Argentina: Foot Orthotic Insoles Market – Revenue and Forecast to 2027 (USD Million) 101

Figure 36. Impact of COVID-19 Pandemic on Foot Orthotic Insoles Market in South and Central America Countries. 106

The List of Companies - South and Central America Foot Orthotic Insoles Market

  1. Aetrex Worldwide, Inc
  2. Bauerfeind AG
  3. OttoBock
  4. Superfeet Worldwide Inc.
  5. Sidas
  6. Algeos
  7. Yellow Wood Partners, LLC

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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