Artificial Pancreas Market Key Companies, Supply, Demand, and SWOT Analysis by 2031

Coverage: Artificial Pancreas Market covers analysis By Control Type (Threshold suspend device system, Non-threshold suspend device system, Control-to-range system, Control-to-target System); Treatment Type (Insulin only, Bi-hormonal, Hybrid) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018024
  • Category : Life Sciences
  • No. of Pages : 150
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The Artificial Pancreas Market is expected to register a CAGR of 8.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented byControl Type (Threshold suspend device system, Non-threshold suspend device system, Control-to-range system, Control-to-target System); Treatment Type (Insulin only, Bi-hormonal, Hybrid). 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 Pancreas 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 Pancreas Market Segmentation

Control Type
  • Threshold suspend device system
  • Non-threshold suspend device system
  • Control-to-range system
  • Control-to-target System
Treatment Type
  • Insulin only
  • Bi-hormonal
  • Hybrid
Treatment Type
  • Insulin only
  • Bi-hormonal
  • Hybrid
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Artificial Pancreas Market Growth Drivers
  • Increased Incidence of Diabetes: Increase in incidence of diabetes among the global population also increases the demand for the artificial pancreas market steeply. Factors increasing with age, that are mostly lifestyle-related, are leading to diabetes, and patients' desire for more sophisticated management solutions. Artificial pancreas, in this light, comes as a hopeful alternative for patients choosing away from the traditional insulin delivery methods, thus further improving glycemic control and quality of life.
  • Technological Advancements in Diabetes Management: Advances of technology in dealing with diabetes are directly forcing ahead the artificial pancreas market. From continuous glucose monitoring to automated insulin delivery, the advancement that is now current is driving the artificial pancreas market forward. The current technological advancement brings tight control of blood glucose levels and all the risks associated with diabetes. Beyond this, additional advanced device-to-device integrations and user-friendly designs are making artificial pancreas systems more accessible to the broad majority of patients who would like better management of their condition of diabetes.
  • Increasing Investment in Diabetes Research: Continued investment in research and development of diabetes drugs and devices, which will accelerate the growth of the artificial pancreas market Pharmaceutical firms and research institutions are further developing more advanced solutions to address the challenges of diabetes management. New funding supports and feeds clinical trials and technological innovation and acts as a launchpad for new generations of artificial pancreas systems that promise better outcomes and greater patient compliance with treatment protocols.
Artificial Pancreas Market Future Trends
  • Artificial Intelligence Integration: Another major trend observed in the artificial pancreas market is the integration of artificial intelligence and machine learning algorithms. Such technologies enhance the predictability of glucose monitoring systems, thereby allowing more accurate insulin delivery. This can be achieved with real-time data for the purposes of adjustment. An advanced approach might improve glycemic control, facilitate personalized approaches to diabetes management based on the specific needs of individual patients, and consequently lead to better health outcomes.
  • Miniaturization and Wearable Devices: Miniaturization will come to dominate the artificial pancreas market, one that consists of compact, wearable devices. Given the discreet and comfortable nature of this monitoring, patients are enabled to improve compliance with treatment regimens as technology evolves. The relentless push for smaller and more efficient integrated systems, which increasingly form an integral part of daily life, is great in demand in this regard.
  • Enhanced Connectivity and Data Sharing: The artificial pancreas market is also characterized by improved connectivity and the ability to share data. Devices will increasingly be enabled with wireless connectivity, so users can sync data with smartphone and cloud applications. The systems allow improving monitoring and control of diabetes: patients, caregivers, and health care providers could quickly get critical information about their care; that would facilitate more informed decision making and better outcomes for the patients.
Artificial Pancreas Market Opportunities
  • Expansion to the Emerging Market: The artificial pancreas system will open a fresh door to emerging markets where diabetes cases are rising at an exponential rate. Improving the healthcare infrastructure and spreading awareness about diabetes management has created an increasing demand for such technology. Companies can capitalize on this trend by making their artificial pancreas systems accessible and flexible to employ in such regions, thus improving patients' access to proper diabetes care.
  • Diabetic Device Manufacturers and Tech Companies Partnership Opportunities: Surely this is an area where the diabetic device manufacturers can collaborate with tech companies to make even more innovative artificial pancreas systems. From the developments that have taken place in AI, machine learning, and data analytics, such collaborations are more likely to create algorithms advanced in glucose level management. A major outcome at the end is a better patient outcome accompanied by fully integrated systems that promise to provide streamlined diabetes management experiences.
  • Pediatric Diabetes Care: Significant Opportunity Pediatric diabetes care might perhaps rank as one of the significant opportunities in the market which artificial pancreas could offer. The majority of the solutions regarding diabetes management have been derived from particularly earmarked needs and lifestyles of children; thus, tailored solutions are far more than what can be offered to adults. Tailor-made artificial pancreas systems for young patients may lead to a higher quality of life for them and treatment adherence. It fills an important gap in the market and creates long-term brand loyalty towards families.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Artificial Pancreas 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 Pancreas 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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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 is the expected CAGR of the Artificial Pancreas Market ?

The Artificial Pancreas Market is estimated to witness a CAGR of 8.5% from 2023 to 2031

What are the driving factors impacting the Artificial Pancreas Market ?

The major driving factors of Artificial Pancreas Market are:

1. Increased Incidence of Diabetes

2. Technological Advancements in Diabetes Management

3. Increasing Investment in Diabetes Research

Which region dominated the Artificial Pancreas Market in 2023?

North America region dominated the Artificial Pancreas Market in 2023

Which region higesh CAGR the Artificial Pancreas Market in 2023?

Asia Pacific region dominated the Artificial Pancreas Market in 2023

Which segment accounts for highest revenue in product the Artificial Pancreas Market in 2023?

The Threshold suspend device system segment accounts for highest revenue in Control Type the Artificial Pancreas Market in 2023

Which are some of the major players operating in the market?

Medtronic, Johnson and Johnson, Beta Bionics, Bigfoot Biomedical accounting for higesh market shares and are some of the major players operating in the 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 Pancreas Market - By Control Type
1.3.2 Artificial Pancreas Market - By Treatment Type
1.3.3 Artificial Pancreas Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ARTIFICIAL PANCREAS 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 PANCREAS 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 AND RESTRAINTS

6. ARTIFICIAL PANCREAS MARKET - GLOBAL MARKET ANALYSIS
6.1. ARTIFICIAL PANCREAS - GLOBAL MARKET OVERVIEW
6.2. ARTIFICIAL PANCREAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ARTIFICIAL PANCREAS MARKET - REVENUE AND FORECASTS TO 2028 - CONTROL TYPE
7.1. OVERVIEW
7.2. CONTROL TYPE MARKET FORECASTS AND ANALYSIS
7.3. THRESHOLD SUSPEND DEVICE SYSTEM
7.3.1. Overview
7.3.2. Threshold suspend device system Market Forecast and Analysis
7.4. NON-THRESHOLD SUSPEND DEVICE SYSTEM
7.4.1. Overview
7.4.2. non-threshold suspend device system Market Forecast and Analysis
7.5. CONTROL-TO-RANGE SYSTEM
7.5.1. Overview
7.5.2. control-to-range system Market Forecast and Analysis
7.6. CONTROL-TO-TARGET SYSTEM
7.6.1. Overview
7.6.2. control-to-target System Market Forecast and Analysis
8. ARTIFICIAL PANCREAS MARKET - REVENUE AND FORECASTS TO 2028 - TREATMENT TYPE
8.1. OVERVIEW
8.2. TREATMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. INSULIN ONLY
8.3.1. Overview
8.3.2. insulin only Market Forecast and Analysis
8.4. BI-HORMONAL
8.4.1. Overview
8.4.2. bi-hormonal Market Forecast and Analysis
8.5. HYBRID
8.5.1. Overview
8.5.2. hybrid Market Forecast and Analysis

9. ARTIFICIAL PANCREAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Artificial Pancreas Market Overview
9.1.2 North America Artificial Pancreas Market Forecasts and Analysis
9.1.3 North America Artificial Pancreas Market Forecasts and Analysis - By Control Type
9.1.4 North America Artificial Pancreas Market Forecasts and Analysis - By Treatment Type
9.1.5 North America Artificial Pancreas Market Forecasts and Analysis - By Countries
9.1.5.1 United States Artificial Pancreas Market
9.1.5.1.1 United States Artificial Pancreas Market by Control Type
9.1.5.1.2 United States Artificial Pancreas Market by Treatment Type
9.1.5.2 Canada Artificial Pancreas Market
9.1.5.2.1 Canada Artificial Pancreas Market by Control Type
9.1.5.2.2 Canada Artificial Pancreas Market by Treatment Type
9.1.5.3 Mexico Artificial Pancreas Market
9.1.5.3.1 Mexico Artificial Pancreas Market by Control Type
9.1.5.3.2 Mexico Artificial Pancreas Market by Treatment Type
9.2. EUROPE
9.2.1 Europe Artificial Pancreas Market Overview
9.2.2 Europe Artificial Pancreas Market Forecasts and Analysis
9.2.3 Europe Artificial Pancreas Market Forecasts and Analysis - By Control Type
9.2.4 Europe Artificial Pancreas Market Forecasts and Analysis - By Treatment Type
9.2.5 Europe Artificial Pancreas Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Artificial Pancreas Market
9.2.5.1.1 Germany Artificial Pancreas Market by Control Type
9.2.5.1.2 Germany Artificial Pancreas Market by Treatment Type
9.2.5.2 France Artificial Pancreas Market
9.2.5.2.1 France Artificial Pancreas Market by Control Type
9.2.5.2.2 France Artificial Pancreas Market by Treatment Type
9.2.5.3 Italy Artificial Pancreas Market
9.2.5.3.1 Italy Artificial Pancreas Market by Control Type
9.2.5.3.2 Italy Artificial Pancreas Market by Treatment Type
9.2.5.4 Spain Artificial Pancreas Market
9.2.5.4.1 Spain Artificial Pancreas Market by Control Type
9.2.5.4.2 Spain Artificial Pancreas Market by Treatment Type
9.2.5.5 United Kingdom Artificial Pancreas Market
9.2.5.5.1 United Kingdom Artificial Pancreas Market by Control Type
9.2.5.5.2 United Kingdom Artificial Pancreas Market by Treatment Type
9.2.5.6 Rest of Europe Artificial Pancreas Market
9.2.5.6.1 Rest of Europe Artificial Pancreas Market by Control Type
9.2.5.6.2 Rest of Europe Artificial Pancreas Market by Treatment Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Artificial Pancreas Market Overview
9.3.2 Asia-Pacific Artificial Pancreas Market Forecasts and Analysis
9.3.3 Asia-Pacific Artificial Pancreas Market Forecasts and Analysis - By Control Type
9.3.4 Asia-Pacific Artificial Pancreas Market Forecasts and Analysis - By Treatment Type
9.3.5 Asia-Pacific Artificial Pancreas Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Artificial Pancreas Market
9.3.5.1.1 Australia Artificial Pancreas Market by Control Type
9.3.5.1.2 Australia Artificial Pancreas Market by Treatment Type
9.3.5.2 China Artificial Pancreas Market
9.3.5.2.1 China Artificial Pancreas Market by Control Type
9.3.5.2.2 China Artificial Pancreas Market by Treatment Type
9.3.5.3 India Artificial Pancreas Market
9.3.5.3.1 India Artificial Pancreas Market by Control Type
9.3.5.3.2 India Artificial Pancreas Market by Treatment Type
9.3.5.4 Japan Artificial Pancreas Market
9.3.5.4.1 Japan Artificial Pancreas Market by Control Type
9.3.5.4.2 Japan Artificial Pancreas Market by Treatment Type
9.3.5.5 South Korea Artificial Pancreas Market
9.3.5.5.1 South Korea Artificial Pancreas Market by Control Type
9.3.5.5.2 South Korea Artificial Pancreas Market by Treatment Type
9.3.5.6 Rest of Asia-Pacific Artificial Pancreas Market
9.3.5.6.1 Rest of Asia-Pacific Artificial Pancreas Market by Control Type
9.3.5.6.2 Rest of Asia-Pacific Artificial Pancreas Market by Treatment Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Artificial Pancreas Market Overview
9.4.2 Middle East and Africa Artificial Pancreas Market Forecasts and Analysis
9.4.3 Middle East and Africa Artificial Pancreas Market Forecasts and Analysis - By Control Type
9.4.4 Middle East and Africa Artificial Pancreas Market Forecasts and Analysis - By Treatment Type
9.4.5 Middle East and Africa Artificial Pancreas Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Artificial Pancreas Market
9.4.5.1.1 South Africa Artificial Pancreas Market by Control Type
9.4.5.1.2 South Africa Artificial Pancreas Market by Treatment Type
9.4.5.2 Saudi Arabia Artificial Pancreas Market
9.4.5.2.1 Saudi Arabia Artificial Pancreas Market by Control Type
9.4.5.2.2 Saudi Arabia Artificial Pancreas Market by Treatment Type
9.4.5.3 U.A.E Artificial Pancreas Market
9.4.5.3.1 U.A.E Artificial Pancreas Market by Control Type
9.4.5.3.2 U.A.E Artificial Pancreas Market by Treatment Type
9.4.5.4 Rest of Middle East and Africa Artificial Pancreas Market
9.4.5.4.1 Rest of Middle East and Africa Artificial Pancreas Market by Control Type
9.4.5.4.2 Rest of Middle East and Africa Artificial Pancreas Market by Treatment Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Artificial Pancreas Market Overview
9.5.2 South and Central America Artificial Pancreas Market Forecasts and Analysis
9.5.3 South and Central America Artificial Pancreas Market Forecasts and Analysis - By Control Type
9.5.4 South and Central America Artificial Pancreas Market Forecasts and Analysis - By Treatment Type
9.5.5 South and Central America Artificial Pancreas Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Artificial Pancreas Market
9.5.5.1.1 Brazil Artificial Pancreas Market by Control Type
9.5.5.1.2 Brazil Artificial Pancreas Market by Treatment Type
9.5.5.2 Argentina Artificial Pancreas Market
9.5.5.2.1 Argentina Artificial Pancreas Market by Control Type
9.5.5.2.2 Argentina Artificial Pancreas Market by Treatment Type
9.5.5.3 Rest of South and Central America Artificial Pancreas Market
9.5.5.3.1 Rest of South and Central America Artificial Pancreas Market by Control Type
9.5.5.3.2 Rest of South and Central America Artificial Pancreas Market by Treatment Type

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. ARTIFICIAL PANCREAS MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. JOHNSON AND JOHNSON
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BETA BIONICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BIGFOOT BIOMEDICAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ADMETSYS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ANIMAS CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DEFYMED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DEXCOM
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INSULET CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MEDTECH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Medtronic
2. Johnson and Johnson
3. Beta Bionics
4. Bigfoot Biomedical
5. Admetsys
6. Animas Corporation
7. Defymed
8. dexcom
9. Insulet Corporation
10. medtech

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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