Artificial Disc Market Developments, Trends, Opportunities, and Forecast by 2031

Coverage: Artificial Disc Market covers analysis By Type (Cervical, Lumbar); Material (Metal on Biopolymer, Metal on Metal Artificial Disc); End User (Hospitals, Clinics, Homecare Settings, Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005384
  • Category : Life Sciences
  • No. of Pages : 150
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Artificial Disc Market Size 2031 | Drivers and Opportunities

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The Artificial Disc Market is expected to register a CAGR of 3.0% 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 (Cervical, Lumbar). Further, the report is segmented on the basis of Material (Metal on Biopolymer, Metal on Metal Artificial Disc). Also, the report is segmented on the basis End User (Hospitals, Clinics, Homecare Settings, Others).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 Artificial Disc 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.

Artificial Disc Market Segmentation

Type
  • Cervical
  • Lumbar
Material
  • Metal on Biopolymer
  • Metal on Metal Artificial Disc
End User
  • Hospitals
  • Clinics
  • Homecare Settings
  • Others
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Artificial Disc Market Growth Drivers
  • The Growing Incidence of Spine Disorders : Another major factor which is fostering the growth of the Artificial Disc market is the increasing morbidity of spinal disorders such as herniated disc, degenerative disc disease. With the growth of aged population, a number of people are looking for better ways of treatment to help reduce pain and improve power of movement. In comparison to conventional treatment which involves the use of spinal fusions, artificial discs have better results and allow the corresponding patients to resume their quotidian activities faster.
  • Surgical Procedures Improvements : The Artificial Disc market is also in part growing because of improvements in surgical procedures and technologies. Especially, less invasive techniques are becoming more popular, which helps to shorten rehabilitation periods and complications related to operative treatment. In view of the development of medical practice in such techniques, the use of artificial discs will even be on the increase in most patients who will need spine surgery since it offers a less invasive method with good postoperative outcomes.
  • Increasing Need for Motion Preservation Solutions in Spinal Surgery : The interest in artificial discs is largely due to the growing requirement for motion preservation strategies in spinal surgery. While traditional fusion techniques limit movement in the spine, artificial discs are designed to sustain motion and functionality. There is a general trend in the society to avoid immobilization of the spine for conservative and surgical treatment as such denial of motion is complicated by poor quality of life, hence, artificial discs appeal to both patients and healthcare systems.
Artificial Disc Market Future Trends
  • Surge in Biomechanical Developments : One of the significant trends observed in the market for Artificial Discs is the rising biomechanical innovations to improve the performance of the device. The manufacturers have also been concerned with the incorporation of advanced materials and engineering to fabricate the implants which conform natural movement of the spinal column. The artificial discs feature improvements with respect to functionality, but the feeling after the surgery is more natural which contributes to patient satisfaction.
  • Elevation in the Number of Regulator's Approvals : The elevation in the number of regulators’ approvals for artificial discs is another trend that is impacting the market. Due to the increasing number of clinical studies that demonstrate the safety and effectiveness of these devices, the authorities find it easier to give approval. This shift encourages development and speeds up the process of launching new items into the market which, in turn, gives more choices to the patients and raises the level of spinal surgery as a whole.
  • Shift towards Implementation of Personalized Medicine : The shift towards implementation of personalized medicine is finding more attention in the Artificial Disc industry. There is also an increase in the ability to customize the implants to fit the patient anatomy and the particular condition of the spine. This not only serves to ensure that such surgical interventions are effective and quick but also supports the movement that seeks to provide care to patients in a manner that is effective to him/her and to nobody else.
Artificial Disc Market Opportunities
  • Expansion into Untapped Geographies : The Artificial Disc market presents wide open corridors for encroachment in the unexploited geographical areas especially in the developing countries. Ltd. In the view of improving healthcare infrastructure as well as the awareness of spinal solutions demanding for advanced treatment methods, such solutions are in high demand. Within this context, manufacturers can support distribution networks and form alliances with local providers of healthcare services in order to make treatment available to more patients.
  • Development of Advanced Materials : Such an incredible opportunity is availed with regards to the development of advanced materials for artificial discs. These improvements need to focus on development of new biocompatible and operating temperature resistant materials, among others. Owing to the significance of quality, social responsibility and effectiveness, enhancing research and development allows the firms to generate new products that mitigate risks and enhance the results of the patients, becoming the best in the markets.
  • Integration with Digital Health Solutions : Artificial discs integration in digital health solutions is another area that offers substantial market potential. Such models that have these capabilities will be able to monitor patient recovery and device functioning in real-time. Such an incorporation will increase the quality of patient care in the post-surgery period and decision-making through the use of data in patient care, thereby, enhancing the surgical practices and satisfaction of patients while concurrently providing new opportunities for the care of patients and their management.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Artificial Disc 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 Artificial Disc 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
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the driving factors impacting the artificial disc market?

Rising healthcare expenditure is the factor driving market growth

What are the key players operating in the artificial disc market?

Simplify Medical Inc., Zimmer Biomet Holdings Inc., and Medtronic PLC are the key players operating in the artificial disc market

What are the deliverable formats of the artificial disc market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

Which segment accounts for highest revenue in product type in the market in 2023?

Cervical segment accounts for highest revenue in product type in the market in 2023

What is the expected CAGR of the Artificial Disc Market?

The Artificial Disc Market is estimated to witness a CAGR of 3.0% from 2023 to 2031

Based on geography, which region held the largest share of the artificial disc market?

Based on geography, Asia Pacific held the largest share of the artificial disc market.

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 Artificial Disc Market - By Type
1.3.2 Artificial Disc Market - By Material
1.3.3 Artificial Disc Market - By End User
1.3.4 Artificial Disc Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ARTIFICIAL DISC 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. ARTIFICIAL DISC 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. ARTIFICIAL DISC MARKET - GLOBAL MARKET ANALYSIS
6.1. ARTIFICIAL DISC - GLOBAL MARKET OVERVIEW
6.2. ARTIFICIAL DISC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ARTIFICIAL DISC MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CERVICAL
7.3.1. Overview
7.3.2. Cervical Market Forecast and Analysis
7.4. LUMBAR
7.4.1. Overview
7.4.2. Lumbar Market Forecast and Analysis
8. ARTIFICIAL DISC MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. METAL ON BIOPOLYMER
8.3.1. Overview
8.3.2. Metal on Biopolymer Market Forecast and Analysis
8.4. METAL ON METAL ARTIFICIAL DISC
8.4.1. Overview
8.4.2. Metal on Metal Artificial Disc Market Forecast and Analysis
9. ARTIFICIAL DISC MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. HOMECARE SETTINGS
9.5.1. Overview
9.5.2. Homecare Settings Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ARTIFICIAL DISC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Artificial Disc Market Overview
10.1.2 North America Artificial Disc Market Forecasts and Analysis
10.1.3 North America Artificial Disc Market Forecasts and Analysis - By Type
10.1.4 North America Artificial Disc Market Forecasts and Analysis - By Material
10.1.5 North America Artificial Disc Market Forecasts and Analysis - By End User
10.1.6 North America Artificial Disc Market Forecasts and Analysis - By Countries
10.1.6.1 United States Artificial Disc Market
10.1.6.1.1 United States Artificial Disc Market by Type
10.1.6.1.2 United States Artificial Disc Market by Material
10.1.6.1.3 United States Artificial Disc Market by End User
10.1.6.2 Canada Artificial Disc Market
10.1.6.2.1 Canada Artificial Disc Market by Type
10.1.6.2.2 Canada Artificial Disc Market by Material
10.1.6.2.3 Canada Artificial Disc Market by End User
10.1.6.3 Mexico Artificial Disc Market
10.1.6.3.1 Mexico Artificial Disc Market by Type
10.1.6.3.2 Mexico Artificial Disc Market by Material
10.1.6.3.3 Mexico Artificial Disc Market by End User
10.2. EUROPE
10.2.1 Europe Artificial Disc Market Overview
10.2.2 Europe Artificial Disc Market Forecasts and Analysis
10.2.3 Europe Artificial Disc Market Forecasts and Analysis - By Type
10.2.4 Europe Artificial Disc Market Forecasts and Analysis - By Material
10.2.5 Europe Artificial Disc Market Forecasts and Analysis - By End User
10.2.6 Europe Artificial Disc Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Artificial Disc Market
10.2.6.1.1 Germany Artificial Disc Market by Type
10.2.6.1.2 Germany Artificial Disc Market by Material
10.2.6.1.3 Germany Artificial Disc Market by End User
10.2.6.2 France Artificial Disc Market
10.2.6.2.1 France Artificial Disc Market by Type
10.2.6.2.2 France Artificial Disc Market by Material
10.2.6.2.3 France Artificial Disc Market by End User
10.2.6.3 Italy Artificial Disc Market
10.2.6.3.1 Italy Artificial Disc Market by Type
10.2.6.3.2 Italy Artificial Disc Market by Material
10.2.6.3.3 Italy Artificial Disc Market by End User
10.2.6.4 Spain Artificial Disc Market
10.2.6.4.1 Spain Artificial Disc Market by Type
10.2.6.4.2 Spain Artificial Disc Market by Material
10.2.6.4.3 Spain Artificial Disc Market by End User
10.2.6.5 United Kingdom Artificial Disc Market
10.2.6.5.1 United Kingdom Artificial Disc Market by Type
10.2.6.5.2 United Kingdom Artificial Disc Market by Material
10.2.6.5.3 United Kingdom Artificial Disc Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Artificial Disc Market Overview
10.3.2 Asia-Pacific Artificial Disc Market Forecasts and Analysis
10.3.3 Asia-Pacific Artificial Disc Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Artificial Disc Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Artificial Disc Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Artificial Disc Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Artificial Disc Market
10.3.6.1.1 Australia Artificial Disc Market by Type
10.3.6.1.2 Australia Artificial Disc Market by Material
10.3.6.1.3 Australia Artificial Disc Market by End User
10.3.6.2 China Artificial Disc Market
10.3.6.2.1 China Artificial Disc Market by Type
10.3.6.2.2 China Artificial Disc Market by Material
10.3.6.2.3 China Artificial Disc Market by End User
10.3.6.3 India Artificial Disc Market
10.3.6.3.1 India Artificial Disc Market by Type
10.3.6.3.2 India Artificial Disc Market by Material
10.3.6.3.3 India Artificial Disc Market by End User
10.3.6.4 Japan Artificial Disc Market
10.3.6.4.1 Japan Artificial Disc Market by Type
10.3.6.4.2 Japan Artificial Disc Market by Material
10.3.6.4.3 Japan Artificial Disc Market by End User
10.3.6.5 South Korea Artificial Disc Market
10.3.6.5.1 South Korea Artificial Disc Market by Type
10.3.6.5.2 South Korea Artificial Disc Market by Material
10.3.6.5.3 South Korea Artificial Disc Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Artificial Disc Market Overview
10.4.2 Middle East and Africa Artificial Disc Market Forecasts and Analysis
10.4.3 Middle East and Africa Artificial Disc Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Artificial Disc Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Artificial Disc Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Artificial Disc Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Artificial Disc Market
10.4.6.1.1 South Africa Artificial Disc Market by Type
10.4.6.1.2 South Africa Artificial Disc Market by Material
10.4.6.1.3 South Africa Artificial Disc Market by End User
10.4.6.2 Saudi Arabia Artificial Disc Market
10.4.6.2.1 Saudi Arabia Artificial Disc Market by Type
10.4.6.2.2 Saudi Arabia Artificial Disc Market by Material
10.4.6.2.3 Saudi Arabia Artificial Disc Market by End User
10.4.6.3 U.A.E Artificial Disc Market
10.4.6.3.1 U.A.E Artificial Disc Market by Type
10.4.6.3.2 U.A.E Artificial Disc Market by Material
10.4.6.3.3 U.A.E Artificial Disc Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Artificial Disc Market Overview
10.5.2 South and Central America Artificial Disc Market Forecasts and Analysis
10.5.3 South and Central America Artificial Disc Market Forecasts and Analysis - By Type
10.5.4 South and Central America Artificial Disc Market Forecasts and Analysis - By Material
10.5.5 South and Central America Artificial Disc Market Forecasts and Analysis - By End User
10.5.6 South and Central America Artificial Disc Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Artificial Disc Market
10.5.6.1.1 Brazil Artificial Disc Market by Type
10.5.6.1.2 Brazil Artificial Disc Market by Material
10.5.6.1.3 Brazil Artificial Disc Market by End User
10.5.6.2 Argentina Artificial Disc Market
10.5.6.2.1 Argentina Artificial Disc Market by Type
10.5.6.2.2 Argentina Artificial Disc Market by Material
10.5.6.2.3 Argentina Artificial Disc Market by End User
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. ARTIFICIAL DISC MARKET, KEY COMPANY PROFILES
12.1. SIMPLIFY MEDICAL INC
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. SPINAL KINETICS INC
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. ZIMMER BIOMET HOLDINGS INC
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. AXIOMED LLC
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. B. BRAUN MELSUNGEN AG
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. K2M INC
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. MEDTRONIC PLC
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. NUVASIVE INC
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. GLOBUS MEDICAL 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. JOHNSON AND JOHNSON
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

- Simplify Medical Inc.
- Spinal Kinetics Inc.
- Zimmer Biomet Holdings Inc.
- Axiomed LLC
- B. Braun Melsungen AG
- K2M Inc.
- Medtronic PLC
- Nuvasive Inc.
- Globus Medical Inc.
- Johnson & Johnson

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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