Aortic Aneurysm Market [2021-2031] - Size, Share
The Aortic Aneurysm Market is expected to register a CAGR of 8.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Thoracic Aortic Aneurysm (TAA), Abdominal Aortic Aneurysm (AAA)); Treatment (Open Surgical Repair (OSR), Endovascular Aneurysm Repair (EVAR)); Product (Stent Grafts, Catheters); End Use (Hospitals, ASCs and Clinics). 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 ReportThe report Aortic Aneurysm 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.
Aortic Aneurysm Market Segmentation
Type- Thoracic Aortic Aneurysm
- Abdominal Aortic Aneurysm
- Open Surgical Repair
- Endovascular Aneurysm Repair
- Stent Grafts
- Catheters
- Hospitals
- ASCs and Clinics
- Hospitals
- ASCs and Clinics
Strategic Insights
Aortic Aneurysm Market Growth Drivers- Growing Prevalence of Cardiovascular Diseases: High incidence rates of cardiovascular diseases have primarily fueled this market growth. As lifestyle-related risk factors are increasing globally, more people are being diagnosed with disease conditions that eventually lead to aortic aneurysms. The rise leads to the development of refined diagnostic tools and treatment options and hence expands the market.
- Medical device technology advancements: Advances in medical technology, especially with imaging and surgical devices, are driving the aortic aneurysm market. Early detection of conditions through 3D ultrasound and MRI enhances early treatment, whereas less invasive procedures like endovascular aortic repair continue to improve patient outcomes. This also stimulates patients to seek proper treatment due to better rates of diagnosis.
- Aging Population: The most crucial driver for the aortic aneurysm market is the rapidly aging population of the world. Aortic aneurysms become more susceptible with age because degenerative changes start occurring in vascular tissues with the aging of the population. Healthcare systems are also adjusting to demographic changes, hence increasing investments in research on aortic aneurysms, effective treatment options, and patient education initiatives to manage the ever-growing health threat effectively.
- Growth of Minimally Invasive Procedures: An aortic aneurysm treatment is taking on a trend toward minimally invasive surgical methods. For instance, endovascular aortic repair, or EVAR, is gaining increasing popularity because of the low recovery time from the process and lower complications it presents compared to traditional open surgeries. This improves patients' outcomes while increasing market growth as healthcare providers shift to using more advanced methods.
- Increased Focus on Early Detection and Screening: There has been growth in the improvement of screening and early detection methods for aneurysms. The development of awareness has led to the health care systems scheduling routine screening programs mainly for at-risk persons. This is a preventive measure targeted for the early detection of the aneurysm before the fatal one occurs. This boosts the demand for diagnostic imaging technologies and preventive healthcare solutions.
- Use of Artificial Intelligence in Diagnostics: Artificial intelligence is being applied to diagnose aortic aneurysms, which is molding the market. AI algorithms continue to develop for more accurate and faster data analysis from imaging, which certainly increases aneurysm detection rates. This goes beyond the growing prowess in diagnostic ability and influences workflows in health settings: all factors defining the growth of the aortic aneurysm market.
- Expansion into Emerging Markets: The aortic aneurysm market (which is often overlooked) offers considerable growth potential in emerging economies. With improvements in healthcare infrastructure and increased awareness of cardiovascular diseases, there is a growing demand for advanced diagnostic and treatment options. Companies can take advantage of this trend by introducing affordable and innovative solutions that meet the specific needs of these markets; however, this requires a deep understanding of local contexts.
- Development of Personalized Medicine: The move towards personalized medicine presents a distinct opportunity in the aortic aneurysm market. By utilizing genetic and biomarker research, healthcare providers can create customized treatment plans that align with individual patient profiles. This strategy not only boosts treatment effectiveness but also enhances patient outcomes, giving companies that focus on personalized therapies and diagnostics a competitive edge. Although challenges exist, the potential benefits are significant because they could transform patient care in profound ways.
- Collaboration with Technology Firms: Collaborating with tech firms (such as those specializing in digital health) presents a significant opportunity for integrating innovative solutions into aortic aneurysm management. Implementing telemedicine, wearable devices, and AI-driven analytics can, however, greatly enhance patient monitoring and engagement. This leads to more effective management of the condition, creating a win-win situation. Such partnerships not only foster innovation but also improve access to care. Although the aortic aneurysm market is complex, the benefits for both patients and healthcare providers are substantial. Because of this, the potential for positive outcomes is immense.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aortic Aneurysm 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 Aortic Aneurysm 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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 Type (Thoracic Aortic Aneurysm (TAA) segment accounts for highest revenue in product the Aortic Aneurysm Market in 2023
Asia Pacific region dominated the Aortic Aneurysm Market in 2023
The Aortic Aneurysm Market is estimated to witness a CAGR of 8.3% from 2023 to 2031
The major factors driving the Aortic Aneurysm Market are:
1. Growing Prevalence of Cardiovascular Diseases
2. Medical device technology advancements
3. Aging Population
North America region dominated the Aortic Aneurysm Market in 2023
Medtronic, W. L. Gore and Associates, AbbVie Inc, Merck & Co., Inc, Boston Scientific Corporation accounting for higesh market shares and are some of the major players operating in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aortic Aneurysm Market - By Type
1.3.2 Aortic Aneurysm Market - By Treatment
1.3.3 Aortic Aneurysm Market - By Product
1.3.4 Aortic Aneurysm Market - By End Use
1.3.5 Aortic Aneurysm Market - By Region
1.3.5.1 by Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AORTIC ANEURYSM 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. AORTIC ANEURYSM 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. AORTIC ANEURYSM MARKET - GLOBAL MARKET ANALYSIS
6.1. AORTIC ANEURYSM - GLOBAL MARKET OVERVIEW
6.2. AORTIC ANEURYSM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AORTIC ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. THORACIC AORTIC ANEURYSM (TAA)
7.3.1. Overview
7.3.2. Thoracic Aortic Aneurysm (TAA) Market Forecast and Analysis
7.4. ABDOMINAL AORTIC ANEURYSM (AAA)
7.4.1. Overview
7.4.2. Abdominal Aortic Aneurysm (AAA) Market Forecast and Analysis
8. AORTIC ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - TREATMENT
8.1. OVERVIEW
8.2. TREATMENT MARKET FORECASTS AND ANALYSIS
8.3. OPEN SURGICAL REPAIR (OSR)
8.3.1. Overview
8.3.2. Open Surgical Repair (OSR) Market Forecast and Analysis
8.4. ENDOVASCULAR ANEURYSM REPAIR (EVAR)
8.4.1. Overview
8.4.2. Endovascular Aneurysm Repair (EVAR) Market Forecast and Analysis
9. AORTIC ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
9.1. OVERVIEW
9.2. PRODUCT MARKET FORECASTS AND ANALYSIS
9.3. STENT GRAFTS
9.3.1. Overview
9.3.2. Stent Grafts Market Forecast and Analysis
9.4. CATHETERS
9.4.1. Overview
9.4.2. Catheters Market Forecast and Analysis
10. AORTIC ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - END USE
10.1. OVERVIEW
10.2. END USE MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. ASCS AND CLINICS
10.4.1. Overview
10.4.2. ASCs and Clinics Market Forecast and Analysis
11. AORTIC ANEURYSM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Aortic Aneurysm Market Overview
11.1.2 North America Aortic Aneurysm Market Forecasts and Analysis
11.1.3 North America Aortic Aneurysm Market Forecasts and Analysis - By Type
11.1.4 North America Aortic Aneurysm Market Forecasts and Analysis - By Treatment
11.1.5 North America Aortic Aneurysm Market Forecasts and Analysis - By Product
11.1.6 North America Aortic Aneurysm Market Forecasts and Analysis - By End Use
11.1.7 North America Aortic Aneurysm Market Forecasts and Analysis - By Countries
11.1.7.1 United States Aortic Aneurysm Market
11.1.7.1.1 United States Aortic Aneurysm Market by Type
11.1.7.1.2 United States Aortic Aneurysm Market by Treatment
11.1.7.1.3 United States Aortic Aneurysm Market by Product
11.1.7.1.4 United States Aortic Aneurysm Market by End Use
11.1.7.2 Canada Aortic Aneurysm Market
11.1.7.2.1 Canada Aortic Aneurysm Market by Type
11.1.7.2.2 Canada Aortic Aneurysm Market by Treatment
11.1.7.2.3 Canada Aortic Aneurysm Market by Product
11.1.7.2.4 Canada Aortic Aneurysm Market by End Use
11.1.7.3 Mexico Aortic Aneurysm Market
11.1.7.3.1 Mexico Aortic Aneurysm Market by Type
11.1.7.3.2 Mexico Aortic Aneurysm Market by Treatment
11.1.7.3.3 Mexico Aortic Aneurysm Market by Product
11.1.7.3.4 Mexico Aortic Aneurysm Market by End Use
11.2. EUROPE
11.2.1 Europe Aortic Aneurysm Market Overview
11.2.2 Europe Aortic Aneurysm Market Forecasts and Analysis
11.2.3 Europe Aortic Aneurysm Market Forecasts and Analysis - By Type
11.2.4 Europe Aortic Aneurysm Market Forecasts and Analysis - By Treatment
11.2.5 Europe Aortic Aneurysm Market Forecasts and Analysis - By Product
11.2.6 Europe Aortic Aneurysm Market Forecasts and Analysis - By End Use
11.2.7 Europe Aortic Aneurysm Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Aortic Aneurysm Market
11.2.7.1.1 Germany Aortic Aneurysm Market by Type
11.2.7.1.2 Germany Aortic Aneurysm Market by Treatment
11.2.7.1.3 Germany Aortic Aneurysm Market by Product
11.2.7.1.4 Germany Aortic Aneurysm Market by End Use
11.2.7.2 France Aortic Aneurysm Market
11.2.7.2.1 France Aortic Aneurysm Market by Type
11.2.7.2.2 France Aortic Aneurysm Market by Treatment
11.2.7.2.3 France Aortic Aneurysm Market by Product
11.2.7.2.4 France Aortic Aneurysm Market by End Use
11.2.7.3 Italy Aortic Aneurysm Market
11.2.7.3.1 Italy Aortic Aneurysm Market by Type
11.2.7.3.2 Italy Aortic Aneurysm Market by Treatment
11.2.7.3.3 Italy Aortic Aneurysm Market by Product
11.2.7.3.4 Italy Aortic Aneurysm Market by End Use
11.2.7.4 Spain Aortic Aneurysm Market
11.2.7.4.1 Spain Aortic Aneurysm Market by Type
11.2.7.4.2 Spain Aortic Aneurysm Market by Treatment
11.2.7.4.3 Spain Aortic Aneurysm Market by Product
11.2.7.4.4 Spain Aortic Aneurysm Market by End Use
11.2.7.5 United Kingdom Aortic Aneurysm Market
11.2.7.5.1 United Kingdom Aortic Aneurysm Market by Type
11.2.7.5.2 United Kingdom Aortic Aneurysm Market by Treatment
11.2.7.5.3 United Kingdom Aortic Aneurysm Market by Product
11.2.7.5.4 United Kingdom Aortic Aneurysm Market by End Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Aortic Aneurysm Market Overview
11.3.2 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis
11.3.3 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis - By Treatment
11.3.5 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis - By Product
11.3.6 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis - By End Use
11.3.7 Asia-Pacific Aortic Aneurysm Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Aortic Aneurysm Market
11.3.7.1.1 Australia Aortic Aneurysm Market by Type
11.3.7.1.2 Australia Aortic Aneurysm Market by Treatment
11.3.7.1.3 Australia Aortic Aneurysm Market by Product
11.3.7.1.4 Australia Aortic Aneurysm Market by End Use
11.3.7.2 China Aortic Aneurysm Market
11.3.7.2.1 China Aortic Aneurysm Market by Type
11.3.7.2.2 China Aortic Aneurysm Market by Treatment
11.3.7.2.3 China Aortic Aneurysm Market by Product
11.3.7.2.4 China Aortic Aneurysm Market by End Use
11.3.7.3 India Aortic Aneurysm Market
11.3.7.3.1 India Aortic Aneurysm Market by Type
11.3.7.3.2 India Aortic Aneurysm Market by Treatment
11.3.7.3.3 India Aortic Aneurysm Market by Product
11.3.7.3.4 India Aortic Aneurysm Market by End Use
11.3.7.4 Japan Aortic Aneurysm Market
11.3.7.4.1 Japan Aortic Aneurysm Market by Type
11.3.7.4.2 Japan Aortic Aneurysm Market by Treatment
11.3.7.4.3 Japan Aortic Aneurysm Market by Product
11.3.7.4.4 Japan Aortic Aneurysm Market by End Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Aortic Aneurysm Market Overview
11.4.2 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis
11.4.3 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis - By Treatment
11.4.5 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis - By Product
11.4.6 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis - By End Use
11.4.7 Middle East and Africa Aortic Aneurysm Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Aortic Aneurysm Market
11.4.7.1.1 South Africa Aortic Aneurysm Market by Type
11.4.7.1.2 South Africa Aortic Aneurysm Market by Treatment
11.4.7.1.3 South Africa Aortic Aneurysm Market by Product
11.4.7.1.4 South Africa Aortic Aneurysm Market by End Use
11.4.7.2 Saudi Arabia Aortic Aneurysm Market
11.4.7.2.1 Saudi Arabia Aortic Aneurysm Market by Type
11.4.7.2.2 Saudi Arabia Aortic Aneurysm Market by Treatment
11.4.7.2.3 Saudi Arabia Aortic Aneurysm Market by Product
11.4.7.2.4 Saudi Arabia Aortic Aneurysm Market by End Use
11.4.7.3 U.A.E Aortic Aneurysm Market
11.4.7.3.1 U.A.E Aortic Aneurysm Market by Type
11.4.7.3.2 U.A.E Aortic Aneurysm Market by Treatment
11.4.7.3.3 U.A.E Aortic Aneurysm Market by Product
11.4.7.3.4 U.A.E Aortic Aneurysm Market by End Use
11.4.7.4 Iran Aortic Aneurysm Market
11.4.7.4.1 Iran Aortic Aneurysm Market by Type
11.4.7.4.2 Iran Aortic Aneurysm Market by Treatment
11.4.7.4.3 Iran Aortic Aneurysm Market by Product
11.4.7.4.4 Iran Aortic Aneurysm Market by End Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Aortic Aneurysm Market Overview
11.5.2 South and Central America Aortic Aneurysm Market Forecasts and Analysis
11.5.3 South and Central America Aortic Aneurysm Market Forecasts and Analysis - By Type
11.5.4 South and Central America Aortic Aneurysm Market Forecasts and Analysis - By Treatment
11.5.5 South and Central America Aortic Aneurysm Market Forecasts and Analysis - By Product
11.5.6 South and Central America Aortic Aneurysm Market Forecasts and Analysis - By End Use
11.5.7 South and Central America Aortic Aneurysm Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Aortic Aneurysm Market
11.5.7.1.1 Brazil Aortic Aneurysm Market by Type
11.5.7.1.2 Brazil Aortic Aneurysm Market by Treatment
11.5.7.1.3 Brazil Aortic Aneurysm Market by Product
11.5.7.1.4 Brazil Aortic Aneurysm Market by End Use
11.5.7.2 Argentina Aortic Aneurysm Market
11.5.7.2.1 Argentina Aortic Aneurysm Market by Type
11.5.7.2.2 Argentina Aortic Aneurysm Market by Treatment
11.5.7.2.3 Argentina Aortic Aneurysm Market by Product
11.5.7.2.4 Argentina Aortic Aneurysm Market by End Use
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AORTIC ANEURYSM MARKET, KEY COMPANY PROFILES
13.1. MEDTRONIC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. W. L. GORE AND ASSOCIATES
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. COOK
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CARDINAL HEALTH
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. TERUMO CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ABBVIE INC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MERCK AND CO., INC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. LOMBARD MEDICAL, INC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. BOSTON SCIENTIFIC CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. CARDIATIS S.A
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Medtronic
2. W. L. Gore and Associates
3. Cook
4. Cardinal Health
5. Terumo Corporation
6. AbbVie Inc
7. Merck & Co., Inc
8. Lombard Medical, Inc
9. Boston Scientific Corporation
10. Cardiatis S.A.
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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