Allergic Rhinitis Market Challenges, Key Vendors, Drivers, Trends and Forecast by 2031

Coverage: Allergic Rhinitis Market covers analysis By Drug Class (Antihistamines, Intranasal Corticosteroids, Immunotherapies); Route of Administration (Oral, Parental, Intranasal); Form (Solid, Liquid), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004759
  • Category : Life Sciences
  • No. of Pages : 150
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Allergic Rhinitis Market Key Findings, Size, and Share by 2031

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The Allergic Rhinitis Market is expected to register a CAGR of 3.3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The Allergic Rhinitis Market report covers analysis By Drug Class (Antihistamines, Intranasal Corticosteroids, Immunotherapies); Route of Administration (Oral, Parental, Intranasal); Form (Solid, Liquid), 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 USD for the above analysis and segments.

Purpose of the Report

The report Allergic Rhinitis 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.

Allergic Rhinitis Market Segmentation

Drug Class
  • Antihistamines
  • Intranasal Corticosteroids
  • Immunotherapies
Route of Administration
  • Oral
  • Parental
  • Intranasal
Form
  • Solid
  • Liquid
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Allergic Rhinitis Market Growth Drivers
  • Increasing Prevalence of Allergic Rhinitis:
    Main driving factors include changes in environment, air pollution, and increased allergens like pollen and dust mites, responsible for the increased number of allergic rhinitis cases. It is also the growing number of urbanization and lifestyles that are increasingly contributing to the diagnosed cases in this world.
  • Advancements in Drug Development:
    Continuous advancements in medication, including antihistamines, nasal corticosteroids, and immunotherapy, are improving treatment opportunities for allergic rhinitis. More effective and targeted drugs offer expanded treatment options.
  • Increasing Environmental Pollution and Climatic Change:
    Environmental factors such as air pollution, climate change, and prolonged pollen seasons are increasing the allergic reactions, thereby heightening the demand for treatment of allergic rhinitis. The growing awareness among people about the health effects of environmental pollution is also driving the market.
Allergic Rhinitis Market Future Trends
  • Shift Toward Combination Therapies:
    Combination therapies, including antihistamines in combination with nasal corticosteroids and decongestants are being popularly used by the increased effectiveness in providing relief against symptoms. All these drugs are convenient to use and are for better management of symptoms.
  • Increasing usage of nasal spray and inhaler:
    The new technologies that have been developed nowadays target specific action and quick relief with nasal sprays and inhalers, which make it a preferred choice in allergic rhinitis. There is improvement in the delivery of the drug.
  • Telemedicine and Digital Health Solutions:
    Telemedicine and digital health solutions are driving the allergic rhinitis market, as patients can now access consultations and treatment plans remotely. In addition, mobile apps for tracking symptoms and medication adherence are increasingly popular.
Allergic Rhinitis Market Opportunities
  • Focus on Pediatric Allergic Rhinitis:
    Allergic rhinitis is also common among children. Developing treatments specifically for pediatric patients, including non-sedating antihistamines and nasal sprays designed for children, presents an opportunity to address an underserved segment.
  • Growth in Allergen Immunotherapy:
    Continued research and development in allergen immunotherapy offer opportunities for new and more effective treatments. Immunotherapy provides the potential for long-term relief and could become a preferred treatment option over time, especially as new forms of therapy are developed.
  • Development of Personalized and Precision Treatments:
    The development of personalized medicine based on genetic and immunological factors can provide tailored treatment plans for allergic rhinitis patients. This approach could increase the effectiveness of treatments and reduce adverse reactions.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Allergic Rhinitis 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 Allergic Rhinitis 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.

REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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Regional Scope
Regional Scope

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

Country Scope
Country Scope

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Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on request are 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.

What are the deliverable formats of this report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

Which are the key players in the Allergic Rhinitis Market?

Key companies of this market are: Merck, GlaxoSmithKline Plc, Sanofi, Cigna, Himalaya, Chong Kun Dang Pharmaceutical Corp, Glenmark Pharmaceutical, Hisamitsu Pharmaceutical Co. Inc., Ampio Pharmaceutical Inc, Olain Farm.

What are the future trends in the Allergic Rhinitis Market?

Key future trends in this market are - Immunotherapy Advancements, OTC Product Demand, Increased Pollution Levels

What is the expected CAGR of the Allergic Rhinitis Market?

The Allergic Rhinitis Market is estimated to witness a CAGR of 3.3% from 2023 to 2031.

What are the driving factors impacting the Allergic Rhinitis Market?

The major factors driving the market are: Rising pollution and allergens, Advancements in immunotherapy, Growing awareness and diagnosis

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 Allergic Rhinitis Market - By Drug Class
1.3.2 Allergic Rhinitis Market - By Route of Administration
1.3.3 Allergic Rhinitis Market - By Form
1.3.4 Allergic Rhinitis Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALLERGIC RHINITIS 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. ALLERGIC RHINITIS 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. ALLERGIC RHINITIS MARKET - GLOBAL MARKET ANALYSIS
6.1. ALLERGIC RHINITIS - GLOBAL MARKET OVERVIEW
6.2. ALLERGIC RHINITIS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ALLERGIC RHINITIS MARKET - REVENUE AND FORECASTS TO 2028 - DRUG CLASS
7.1. OVERVIEW
7.2. DRUG CLASS MARKET FORECASTS AND ANALYSIS
7.3. ANTIHISTAMINES
7.3.1. Overview
7.3.2. Antihistamines Market Forecast and Analysis
7.4. INTRANASAL CORTICOSTEROIDS
7.4.1. Overview
7.4.2. Intranasal Corticosteroids Market Forecast and Analysis
7.5. IMMUNOTHERAPIES
7.5.1. Overview
7.5.2. Immunotherapies Market Forecast and Analysis
8. ALLERGIC RHINITIS MARKET - REVENUE AND FORECASTS TO 2028 - ROUTE OF ADMINISTRATION
8.1. OVERVIEW
8.2. ROUTE OF ADMINISTRATION MARKET FORECASTS AND ANALYSIS
8.3. ORAL
8.3.1. Overview
8.3.2. Oral Market Forecast and Analysis
8.4. PARENTAL
8.4.1. Overview
8.4.2. Parental Market Forecast and Analysis
8.5. INTRANASAL
8.5.1. Overview
8.5.2. Intranasal Market Forecast and Analysis
9. ALLERGIC RHINITIS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. SOLID
9.3.1. Overview
9.3.2. Solid Market Forecast and Analysis
9.4. LIQUID
9.4.1. Overview
9.4.2. Liquid Market Forecast and Analysis
10. ALLERGIC RHINITIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Allergic Rhinitis Market Overview
10.1.2 North America Allergic Rhinitis Market Forecasts and Analysis
10.1.3 North America Allergic Rhinitis Market Forecasts and Analysis - By Drug Class
10.1.4 North America Allergic Rhinitis Market Forecasts and Analysis - By Route of Administration
10.1.5 North America Allergic Rhinitis Market Forecasts and Analysis - By Form
10.1.6 North America Allergic Rhinitis Market Forecasts and Analysis - By Countries
10.1.6.1 United States Allergic Rhinitis Market
10.1.6.1.1 United States Allergic Rhinitis Market by Drug Class
10.1.6.1.2 United States Allergic Rhinitis Market by Route of Administration
10.1.6.1.3 United States Allergic Rhinitis Market by Form
10.1.6.2 Canada Allergic Rhinitis Market
10.1.6.2.1 Canada Allergic Rhinitis Market by Drug Class
10.1.6.2.2 Canada Allergic Rhinitis Market by Route of Administration
10.1.6.2.3 Canada Allergic Rhinitis Market by Form
10.1.6.3 Mexico Allergic Rhinitis Market
10.1.6.3.1 Mexico Allergic Rhinitis Market by Drug Class
10.1.6.3.2 Mexico Allergic Rhinitis Market by Route of Administration
10.1.6.3.3 Mexico Allergic Rhinitis Market by Form
10.1.6.4 US Allergic Rhinitis Market
10.1.6.4.1 US Allergic Rhinitis Market by Drug Class
10.1.6.4.2 US Allergic Rhinitis Market by Route of Administration
10.1.6.4.3 US Allergic Rhinitis Market by Form
10.2. EUROPE
10.2.1 Europe Allergic Rhinitis Market Overview
10.2.2 Europe Allergic Rhinitis Market Forecasts and Analysis
10.2.3 Europe Allergic Rhinitis Market Forecasts and Analysis - By Drug Class
10.2.4 Europe Allergic Rhinitis Market Forecasts and Analysis - By Route of Administration
10.2.5 Europe Allergic Rhinitis Market Forecasts and Analysis - By Form
10.2.6 Europe Allergic Rhinitis Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Allergic Rhinitis Market
10.2.6.1.1 Germany Allergic Rhinitis Market by Drug Class
10.2.6.1.2 Germany Allergic Rhinitis Market by Route of Administration
10.2.6.1.3 Germany Allergic Rhinitis Market by Form
10.2.6.2 France Allergic Rhinitis Market
10.2.6.2.1 France Allergic Rhinitis Market by Drug Class
10.2.6.2.2 France Allergic Rhinitis Market by Route of Administration
10.2.6.2.3 France Allergic Rhinitis Market by Form
10.2.6.3 Italy Allergic Rhinitis Market
10.2.6.3.1 Italy Allergic Rhinitis Market by Drug Class
10.2.6.3.2 Italy Allergic Rhinitis Market by Route of Administration
10.2.6.3.3 Italy Allergic Rhinitis Market by Form
10.2.6.4 Spain Allergic Rhinitis Market
10.2.6.4.1 Spain Allergic Rhinitis Market by Drug Class
10.2.6.4.2 Spain Allergic Rhinitis Market by Route of Administration
10.2.6.4.3 Spain Allergic Rhinitis Market by Form
10.2.6.5 United Kingdom Allergic Rhinitis Market
10.2.6.5.1 United Kingdom Allergic Rhinitis Market by Drug Class
10.2.6.5.2 United Kingdom Allergic Rhinitis Market by Route of Administration
10.2.6.5.3 United Kingdom Allergic Rhinitis Market by Form
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Allergic Rhinitis Market Overview
10.3.2 Asia-Pacific Allergic Rhinitis Market Forecasts and Analysis
10.3.3 Asia-Pacific Allergic Rhinitis Market Forecasts and Analysis - By Drug Class
10.3.4 Asia-Pacific Allergic Rhinitis Market Forecasts and Analysis - By Route of Administration
10.3.5 Asia-Pacific Allergic Rhinitis Market Forecasts and Analysis - By Form
10.3.6 Asia-Pacific Allergic Rhinitis Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Allergic Rhinitis Market
10.3.6.1.1 Australia Allergic Rhinitis Market by Drug Class
10.3.6.1.2 Australia Allergic Rhinitis Market by Route of Administration
10.3.6.1.3 Australia Allergic Rhinitis Market by Form
10.3.6.2 China Allergic Rhinitis Market
10.3.6.2.1 China Allergic Rhinitis Market by Drug Class
10.3.6.2.2 China Allergic Rhinitis Market by Route of Administration
10.3.6.2.3 China Allergic Rhinitis Market by Form
10.3.6.3 India Allergic Rhinitis Market
10.3.6.3.1 India Allergic Rhinitis Market by Drug Class
10.3.6.3.2 India Allergic Rhinitis Market by Route of Administration
10.3.6.3.3 India Allergic Rhinitis Market by Form
10.3.6.4 Japan Allergic Rhinitis Market
10.3.6.4.1 Japan Allergic Rhinitis Market by Drug Class
10.3.6.4.2 Japan Allergic Rhinitis Market by Route of Administration
10.3.6.4.3 Japan Allergic Rhinitis Market by Form
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Allergic Rhinitis Market Overview
10.4.2 Middle East and Africa Allergic Rhinitis Market Forecasts and Analysis
10.4.3 Middle East and Africa Allergic Rhinitis Market Forecasts and Analysis - By Drug Class
10.4.4 Middle East and Africa Allergic Rhinitis Market Forecasts and Analysis - By Route of Administration
10.4.5 Middle East and Africa Allergic Rhinitis Market Forecasts and Analysis - By Form
10.4.6 Middle East and Africa Allergic Rhinitis Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Allergic Rhinitis Market
10.4.6.1.1 South Africa Allergic Rhinitis Market by Drug Class
10.4.6.1.2 South Africa Allergic Rhinitis Market by Route of Administration
10.4.6.1.3 South Africa Allergic Rhinitis Market by Form
10.4.6.2 Saudi Arabia Allergic Rhinitis Market
10.4.6.2.1 Saudi Arabia Allergic Rhinitis Market by Drug Class
10.4.6.2.2 Saudi Arabia Allergic Rhinitis Market by Route of Administration
10.4.6.2.3 Saudi Arabia Allergic Rhinitis Market by Form
10.4.6.3 U.A.E Allergic Rhinitis Market
10.4.6.3.1 U.A.E Allergic Rhinitis Market by Drug Class
10.4.6.3.2 U.A.E Allergic Rhinitis Market by Route of Administration
10.4.6.3.3 U.A.E Allergic Rhinitis Market by Form
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Allergic Rhinitis Market Overview
10.5.2 South and Central America Allergic Rhinitis Market Forecasts and Analysis
10.5.3 South and Central America Allergic Rhinitis Market Forecasts and Analysis - By Drug Class
10.5.4 South and Central America Allergic Rhinitis Market Forecasts and Analysis - By Route of Administration
10.5.5 South and Central America Allergic Rhinitis Market Forecasts and Analysis - By Form
10.5.6 South and Central America Allergic Rhinitis Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Allergic Rhinitis Market
10.5.6.1.1 Brazil Allergic Rhinitis Market by Drug Class
10.5.6.1.2 Brazil Allergic Rhinitis Market by Route of Administration
10.5.6.1.3 Brazil Allergic Rhinitis Market by Form
10.5.6.2 Argentina Allergic Rhinitis Market
10.5.6.2.1 Argentina Allergic Rhinitis Market by Drug Class
10.5.6.2.2 Argentina Allergic Rhinitis Market by Route of Administration
10.5.6.2.3 Argentina Allergic Rhinitis Market by Form
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. ALLERGIC RHINITIS MARKET, KEY COMPANY PROFILES
12.1. MERCK
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. GLAXOSMITHKLINE PLC
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. SANOFI
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. CIGNA
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. HIMALAYA
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. CHONG KUN DANG PHARMACEUTICAL CORP
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. GLENMARK PHARMACEUTICAL
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. HISAMITSU PHARMACEUTICAL CO.IN
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. AMPIO PHARMACEUTICAL 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. OLAIN FARM
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

- Merck
- GlaxoSmithKline Plc
- Sanofi
- Cigna
- Himalaya
- Chong kun Dang Pharmaceutical Corp
- Glenmark Pharmaceutical
- Hisamitsu Pharmaceutical Co.in
- Ampio pharmaceutical Inc
- Olain Farm

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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