The Adult Vaccines Market is expected to register a CAGR of 11.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Adult Vaccines Market report covers analysis by Type (Preventive Vaccine, Therapeutic Vaccine); Disease (Influenza, Meningococcal, Zoster Shingles, Pneumococcal,Diphtheria, Tetanus, Pertussis (DTP), Hepatitis, Measles, Mumps, Rubella and Varicella (MMRV)); Technology (Non-Live Attenuated Vaccines, Inactivated Viral/Bacterial Vaccines, Toxoid Vaccines, Recombinant Vaccines, Conjugate Vaccines), and Geography (North America, Europe, Asia Pacific, and South and Central America). The global analysis is further broken-down at regional level and major countries. The report Offers the Value in US$ for the above analysis and segments.
Purpose of the ReportThe report Adult Vaccines Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Adult Vaccines Market Segmentation
Type- Preventive Vaccine
- Therapeutic Vaccine
- Influenza
- Meningococcal
- Zoster Shingles
- Pneumococcal
- Diphtheria
- Tetanus
- Pertussis
- Hepatitis
- Measles
- Mumps
- Rubella and Varicella
- Non-Live Attenuated Vaccines
- Inactivated Viral/Bacterial Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Conjugate Vaccines
Strategic Insights
Adult Vaccines Market Growth Drivers- Growing Prevalence of Chronic Diseases: The rising cases of chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, in adults have also increased the need for adult vaccines. Adult vaccines prevent infections that can lead to complications with chronic diseases, thereby minimizing the potential serious health outcomes. This is pushing healthcare providers to recommend vaccines as part of standard care for adults, especially those with chronic diseases.
- Awareness towards preventive healthcare: Increased health consciousness in adults is boosting preventive healthcare measures. The vaccination market is growing through public awareness campaigns and education on adult vaccination to avoid severe illnesses, hospitalizations, and long-term health complications. Public health agencies are also adopting this vaccination for adults, which would drive market growth.
- Aging Global Population: A rapidly aging global population is the key driver for the adult vaccines market. Older adults are more prone to infections due to weakened immune systems, making vaccination an important preventive measure. The flu, pneumonia, and shingles vaccines are crucial in the elderly, thus boosting the demand for such vaccines. The rising number of the elderly population has fueled the demand for adult vaccines and opened avenues for healthcare providers to offer focused vaccination programs.
- Increased Focus on Combination Vaccines: The world is increasingly looking at combination vaccines that protect the human body against a variety of diseases with just one shot. Besides the added advantage of convenience, this vaccine increases vaccination rates since people are spared from multiple injections. Adult combination vaccines, for instance, include protection against influenza, pneumonia, and other infections.
- Increased Demand for Travel Vaccines: The world is becoming smaller, and many people are taking to traveling from one place to another. There are increasing demands on vaccines that cover diseases common to certain regions like yellow fever, typhoid, and hepatitis. Travel vaccination for adults has become part of the preparatory health visit. The number of international trips taken is what fuels the demand for traveler-specific vaccines.
- Growing role of pharmacies in vaccine administration: One of the key trends where pharmacies play a critical role in the administration of vaccines to adults, particularly in developed countries. Since many pharmacies are collaborating with various healthcare providers for vaccination services, adults now find it relatively easier to access vaccines. As such, this trend expands adult vaccination programs and enhances accessibility to vaccines, thereby contributing to the growth of the market as a whole.
- Cancer Vaccines: Cancer vaccines, such as those against human papillomavirus (HPV) and other cancers, are an exciting opportunity in the adult vaccines market. As cancer prevention becomes a more prominent focus in healthcare, the demand for vaccines that help prevent cancer-causing infections or directly target cancer cells is expected to rise. Investment in this area could lead to groundbreaking treatments and capture a significant share of the adult vaccine market.
- Personalized and Targeted Vaccines: A promising area for adult vaccines would be personalized and targeted vaccines that will be designed from individual genetic profiles. Personalized vaccines are specifically tailored to the individual needs and risks of adult patients, which could increase effectiveness and lead to better patient outcomes. Advances in genomics and biotechnology might create a niche for these special vaccines, offering adult immunization opportunities.
- Increasing Emphasis on Global Health Initiatives: International health organizations, such as the World Health Organization (WHO), are increasingly focusing on adult vaccination as part of their global health initiatives. Governments, international organizations, and private companies can collaborate to expand vaccination programs across the globe. The development of adult vaccination initiatives in underdeveloped countries would significantly increase market growth, especially in low- and middle-income regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Adult Vaccines Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Adult Vaccines Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The major factors driving the Adult Vaccines Market are Growing Prevalence of Chronic Diseases, Awareness towards preventive healthcare, and Aging Global Population
The key future trends of the market are Increased Focus on Combination Vaccines, Increased Demand for Travel Vaccines, and Growing role of pharmacies in vaccine administration
The leading players operating in the Adult Vaccines Market include
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Adult Vaccines Market - By Type
1.3.2 Adult Vaccines Market - By Disease
1.3.3 Adult Vaccines Market - By Technology
1.3.4 Adult Vaccines Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ADULT VACCINES 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. ADULT VACCINES 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ADULT VACCINES MARKET - GLOBAL MARKET ANALYSIS
6.1. ADULT VACCINES - GLOBAL MARKET OVERVIEW
6.2. ADULT VACCINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ADULT VACCINES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PREVENTIVE VACCINE
7.3.1. Overview
7.3.2. Preventive Vaccine Market Forecast and Analysis
7.4. THERAPEUTIC VACCINE
7.4.1. Overview
7.4.2. Therapeutic Vaccine Market Forecast and Analysis
8. ADULT VACCINES MARKET - REVENUE AND FORECASTS TO 2028 - DISEASE
8.1. OVERVIEW
8.2. DISEASE MARKET FORECASTS AND ANALYSIS
8.3. INFLUENZA
8.3.1. Overview
8.3.2. Influenza Market Forecast and Analysis
8.4. MENINGOCOCCAL
8.4.1. Overview
8.4.2. Meningococcal Market Forecast and Analysis
8.5. ZOSTER SHINGLES
8.5.1. Overview
8.5.2. Zoster Shingles Market Forecast and Analysis
8.6. PNEUMOCOCCAL,DIPHTHERIA, TETANUS, PERTUSSIS (DTP)
8.6.1. Overview
8.6.2. Pneumococcal,Diphtheria, Tetanus, Pertussis (DTP) Market Forecast and Analysis
8.7. HEPATITIS, MEASLES, MUMPS, RUBELLA AND VARICELLA (MMRV)
8.7.1. Overview
8.7.2. Hepatitis, Measles, Mumps, Rubella and Varicella (MMRV) Market Forecast and Analysis
9. ADULT VACCINES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. NON-LIVE ATTENUATED VACCINES
9.3.1. Overview
9.3.2. Non-Live Attenuated Vaccines Market Forecast and Analysis
9.4. INACTIVATED VIRAL/BACTERIAL VACCINES
9.4.1. Overview
9.4.2. Inactivated Viral/Bacterial Vaccines Market Forecast and Analysis
9.5. TOXOID VACCINES
9.5.1. Overview
9.5.2. Toxoid Vaccines Market Forecast and Analysis
9.6. RECOMBINANT VACCINES
9.6.1. Overview
9.6.2. Recombinant Vaccines Market Forecast and Analysis
9.7. CONJUGATE VACCINES
9.7.1. Overview
9.7.2. Conjugate Vaccines Market Forecast and Analysis
10. ADULT VACCINES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Adult Vaccines Market Overview
10.1.2 North America Adult Vaccines Market Forecasts and Analysis
10.1.3 North America Adult Vaccines Market Forecasts and Analysis - By Type
10.1.4 North America Adult Vaccines Market Forecasts and Analysis - By Disease
10.1.5 North America Adult Vaccines Market Forecasts and Analysis - By Technology
10.1.6 North America Adult Vaccines Market Forecasts and Analysis - By Countries
10.1.6.1 United States Adult Vaccines Market
10.1.6.1.1 United States Adult Vaccines Market by Type
10.1.6.1.2 United States Adult Vaccines Market by Disease
10.1.6.1.3 United States Adult Vaccines Market by Technology
10.1.6.2 Canada Adult Vaccines Market
10.1.6.2.1 Canada Adult Vaccines Market by Type
10.1.6.2.2 Canada Adult Vaccines Market by Disease
10.1.6.2.3 Canada Adult Vaccines Market by Technology
10.1.6.3 Mexico Adult Vaccines Market
10.1.6.3.1 Mexico Adult Vaccines Market by Type
10.1.6.3.2 Mexico Adult Vaccines Market by Disease
10.1.6.3.3 Mexico Adult Vaccines Market by Technology
10.2. EUROPE
10.2.1 Europe Adult Vaccines Market Overview
10.2.2 Europe Adult Vaccines Market Forecasts and Analysis
10.2.3 Europe Adult Vaccines Market Forecasts and Analysis - By Type
10.2.4 Europe Adult Vaccines Market Forecasts and Analysis - By Disease
10.2.5 Europe Adult Vaccines Market Forecasts and Analysis - By Technology
10.2.6 Europe Adult Vaccines Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Adult Vaccines Market
10.2.6.1.1 Germany Adult Vaccines Market by Type
10.2.6.1.2 Germany Adult Vaccines Market by Disease
10.2.6.1.3 Germany Adult Vaccines Market by Technology
10.2.6.2 France Adult Vaccines Market
10.2.6.2.1 France Adult Vaccines Market by Type
10.2.6.2.2 France Adult Vaccines Market by Disease
10.2.6.2.3 France Adult Vaccines Market by Technology
10.2.6.3 Italy Adult Vaccines Market
10.2.6.3.1 Italy Adult Vaccines Market by Type
10.2.6.3.2 Italy Adult Vaccines Market by Disease
10.2.6.3.3 Italy Adult Vaccines Market by Technology
10.2.6.4 Spain Adult Vaccines Market
10.2.6.4.1 Spain Adult Vaccines Market by Type
10.2.6.4.2 Spain Adult Vaccines Market by Disease
10.2.6.4.3 Spain Adult Vaccines Market by Technology
10.2.6.5 United Kingdom Adult Vaccines Market
10.2.6.5.1 United Kingdom Adult Vaccines Market by Type
10.2.6.5.2 United Kingdom Adult Vaccines Market by Disease
10.2.6.5.3 United Kingdom Adult Vaccines Market by Technology
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Adult Vaccines Market Overview
10.3.2 Asia-Pacific Adult Vaccines Market Forecasts and Analysis
10.3.3 Asia-Pacific Adult Vaccines Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Adult Vaccines Market Forecasts and Analysis - By Disease
10.3.5 Asia-Pacific Adult Vaccines Market Forecasts and Analysis - By Technology
10.3.6 Asia-Pacific Adult Vaccines Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Adult Vaccines Market
10.3.6.1.1 Australia Adult Vaccines Market by Type
10.3.6.1.2 Australia Adult Vaccines Market by Disease
10.3.6.1.3 Australia Adult Vaccines Market by Technology
10.3.6.2 China Adult Vaccines Market
10.3.6.2.1 China Adult Vaccines Market by Type
10.3.6.2.2 China Adult Vaccines Market by Disease
10.3.6.2.3 China Adult Vaccines Market by Technology
10.3.6.3 India Adult Vaccines Market
10.3.6.3.1 India Adult Vaccines Market by Type
10.3.6.3.2 India Adult Vaccines Market by Disease
10.3.6.3.3 India Adult Vaccines Market by Technology
10.3.6.4 Japan Adult Vaccines Market
10.3.6.4.1 Japan Adult Vaccines Market by Type
10.3.6.4.2 Japan Adult Vaccines Market by Disease
10.3.6.4.3 Japan Adult Vaccines Market by Technology
10.3.6.5 South Korea Adult Vaccines Market
10.3.6.5.1 South Korea Adult Vaccines Market by Type
10.3.6.5.2 South Korea Adult Vaccines Market by Disease
10.3.6.5.3 South Korea Adult Vaccines Market by Technology
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Adult Vaccines Market Overview
10.4.2 Middle East and Africa Adult Vaccines Market Forecasts and Analysis
10.4.3 Middle East and Africa Adult Vaccines Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Adult Vaccines Market Forecasts and Analysis - By Disease
10.4.5 Middle East and Africa Adult Vaccines Market Forecasts and Analysis - By Technology
10.4.6 Middle East and Africa Adult Vaccines Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Adult Vaccines Market
10.4.6.1.1 South Africa Adult Vaccines Market by Type
10.4.6.1.2 South Africa Adult Vaccines Market by Disease
10.4.6.1.3 South Africa Adult Vaccines Market by Technology
10.4.6.2 Saudi Arabia Adult Vaccines Market
10.4.6.2.1 Saudi Arabia Adult Vaccines Market by Type
10.4.6.2.2 Saudi Arabia Adult Vaccines Market by Disease
10.4.6.2.3 Saudi Arabia Adult Vaccines Market by Technology
10.4.6.3 U.A.E Adult Vaccines Market
10.4.6.3.1 U.A.E Adult Vaccines Market by Type
10.4.6.3.2 U.A.E Adult Vaccines Market by Disease
10.4.6.3.3 U.A.E Adult Vaccines Market by Technology
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Adult Vaccines Market Overview
10.5.2 South and Central America Adult Vaccines Market Forecasts and Analysis
10.5.3 South and Central America Adult Vaccines Market Forecasts and Analysis - By Type
10.5.4 South and Central America Adult Vaccines Market Forecasts and Analysis - By Disease
10.5.5 South and Central America Adult Vaccines Market Forecasts and Analysis - By Technology
10.5.6 South and Central America Adult Vaccines Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Adult Vaccines Market
10.5.6.1.1 Brazil Adult Vaccines Market by Type
10.5.6.1.2 Brazil Adult Vaccines Market by Disease
10.5.6.1.3 Brazil Adult Vaccines Market by Technology
10.5.6.2 Argentina Adult Vaccines Market
10.5.6.2.1 Argentina Adult Vaccines Market by Type
10.5.6.2.2 Argentina Adult Vaccines Market by Disease
10.5.6.2.3 Argentina Adult Vaccines Market by Technology
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. ADULT VACCINES MARKET, KEY COMPANY PROFILES
12.1. ASTRAZENECA
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. BHARAT BIOTECH
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. DYNAVAX TECHNOLOGIES CORPORATION
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. GLAXOSMITHKLINE
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. JOHNSON AND JOHNSON
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. MERCK AND CO
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. NOVARTIS
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. PFIZER
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. SANOFI PASTEUR
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. SERUM INSTITUTE OF INDIA
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
1.AstraZeneca
2.Bharat Biotech
3.Dynavax Technologies Corporation
4.GlaxoSmithKline
5.Johnson and Johnson
6.Merck and Co
7.Novartis
8.Pfizer
9.Sanofi Pasteur
10.Serum Institute of India
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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