Basal Insulin Market Key Players Analysis 2031
Diabetes is a type of a metabolic disorder characterized by a high blood sugar level over a prolonged period. Symptoms often include frequent urination, increased thirst, and increased appetite.The main job of basal insulin is to keep one's blood glucose levels stable during periods of fasting, like while sleeping. During fasting, the liver continuously secretes glucose into the bloodstream. Basal insulin helps maintain these glucose levels. Without basal insulin, glucose levels would rise at an alarming rate. It ensures that one's cells are fed with a constant glucose stream to burn for energy throughout the day.
MARKET DYNAMICS
The basal insulinmarket has shown a significant evolution over the forecast period.The rise of the basal insulin market is driven by therising prevalence of diabetes, the growing geriatric population, technological advancements in insulin delivery devices, and increasing population exposure to risk factors leading to diabetes.Approximately 100 million individuals worldwide need insulin, including all individuals living with type 1 diabetes and 10-25% of individuals with type 2 diabetes. Basal insulin is the most widely used insulin in diabetic patients owing to its long-acting effect. However, although insulin has been used in the treatment of diabetes for over 90 years, globally, more than half of those who need insulin today are still unable to afford and access it, which is likely to restrict the market's growth. Conversely, product launches are boosting the market's growth. For instance, Tresiba, launched by Novo Nordisk in 2016, received encouraging feedback from the patients and is expected to show tremendous growth during the forecast period (2021-2024) due to its ultra-long-acting effect.
MARKET SCOPE
The "Basal InsulinMarket Analysis to 2031" is a specialized and in-depth study of thehealthcare industry's pharmaceuticals,focusing on the global market trend analysis. This report outlines the basal insulinmarket with detailed market segmentation bytype, application, and end-user. The basal insulinmarket isestimated to witness a high rise during the forecast period. It focuses on the vital statistics on leading players' market status in the basal insulin market and provides key opportunities and trends.
MARKET SEGMENTATION
The market is categorized based onthetype, application, and end user. Based on thetype, the market is segmented aslantus, levemir, toujeo, and others. Based on the application,the segmentationof the market is into type I diabetes, type II diabetes, gestational diabetes, and prediabetes. Basedon end user,the segmentation of the market is intohospitals,clinics,and others.
REGIONAL FRAMEWORK
The report states a detailed outline of the industry, consisting of both quantitative and qualitative information. It offers a sketch and forecast of the basal insulinmarket based onvarious segments.The report also consists ofmarket size and forecast estimates from the year 2021 to2031with respect to five main regions, namely; North America,Asia-Pacific (APAC), Europe,Middle East, and Africa (MEA), and South & Central America (SCAM). The basal insulinmarket by each region is then sub-segmented into respective countries and segments. It comprises the analysis and forecast of 18 countriesglobally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the basal insulinmarket from both the demand and supply sides. Furthermore, it evaluates market dynamics regarding the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also consists of precise PEST analysis for all five regions, namely, North America, Asia Pacific,Europe, Middle East, and Africa, and South & Central America, after assessing political, social, economic,and technological factors affecting the basal insulinmarket in these regions.
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report states a detailed outline of the industry, consisting of both quantitative and qualitative information. It offers a sketch and forecast of the basal insulinmarket based onvarious segments.The report also consists ofmarket size and forecast estimates from the year 2021 to2031with respect to five main regions, namely; North America,Asia-Pacific (APAC), Europe,Middle East, and Africa (MEA), and South & Central America (SCAM). The basal insulinmarket by each region is then sub-segmented into respective countries and segments. It comprises the analysis and forecast of 18 countriesglobally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the basal insulinmarket from both the demand and supply sides. Furthermore, it evaluates market dynamics regarding the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also consists of precise PEST analysis for all five regions, namely, North America, Asia Pacific,Europe, Middle East, and Africa, and South & Central America, after assessing political, social, economic,and technological factors affecting the basal insulinmarket in these regions.
MARKET PLAYERS
The report contains critical developments in the basal insulinmarket as inorganic and organic growth strategies. Several companies are pivoting on organic growth strategies like product launches, product approvals, and others, such aspatentsand events. Inorganic growth strategies observed were collaborations and acquisitions &partnerships. Various such activities have paved the path for elaboratingthe business and customer base of market players. The market players from the basal insulinmarket are estimated to have profitable growth opportunities in the coming years with the higher demand for basal insulinin the global market. Given below is the list of a few companies engaged in the basal insulinmarket.
The report also offers key players' profiles in the basal insulin market and their SWOT analysis and market strategies.The report also focuses on the key market players with information on company profiles, financial information of the last three years, components, and services provided,critical development in the past five years.
- Novo Nordisk
- Sanofi
- Eli Lilly and Company.
- Biocon.
- Julphar
- BoehringerIngelheim.
- Teva Pharmaceutical Industries Ltd.
- Bristol-Myers Squibb Company
- Pfizer
- GlaxoSmithKline plc.
The Insight Partner's dedicated research and the analytical team comprises of experienced professionals with advanced statistical expertise and offersseveral customization options in the current report.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Basal Insulin Market - By Type
1.3.2 Basal Insulin Market - By Application
1.3.3 Basal Insulin Market - By End User
1.3.4 Basal Insulin Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BASAL INSULIN 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. BASAL INSULIN 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. BASAL INSULIN MARKET - GLOBAL MARKET ANALYSIS
6.1. BASAL INSULIN - GLOBAL MARKET OVERVIEW
6.2. BASAL INSULIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BASAL INSULIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LANTUS
7.3.1. Overview
7.3.2. Lantus Market Forecast and Analysis
7.4. LEVEMIR
7.4.1. Overview
7.4.2. Levemir Market Forecast and Analysis
7.5. TOUJEO
7.5.1. Overview
7.5.2. Toujeo Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BASAL INSULIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TYPE I DIABETES
8.3.1. Overview
8.3.2. Type I Diabetes Market Forecast and Analysis
8.4. TYPE II DIABETES
8.4.1. Overview
8.4.2. Type II Diabetes Market Forecast and Analysis
8.5. GESTATIONAL DIABETES
8.5.1. Overview
8.5.2. Gestational Diabetes Market Forecast and Analysis
8.6. PREDIABETES
8.6.1. Overview
8.6.2. Prediabetes Market Forecast and Analysis
9. BASAL INSULIN 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. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. BASAL INSULIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Basal Insulin Market Overview
10.1.2 North America Basal Insulin Market Forecasts and Analysis
10.1.3 North America Basal Insulin Market Forecasts and Analysis - By Type
10.1.4 North America Basal Insulin Market Forecasts and Analysis - By Application
10.1.5 North America Basal Insulin Market Forecasts and Analysis - By End User
10.1.6 North America Basal Insulin Market Forecasts and Analysis - By Countries
10.1.6.1 United States Basal Insulin Market
10.1.6.1.1 United States Basal Insulin Market by Type
10.1.6.1.2 United States Basal Insulin Market by Application
10.1.6.1.3 United States Basal Insulin Market by End User
10.1.6.2 Canada Basal Insulin Market
10.1.6.2.1 Canada Basal Insulin Market by Type
10.1.6.2.2 Canada Basal Insulin Market by Application
10.1.6.2.3 Canada Basal Insulin Market by End User
10.1.6.3 Mexico Basal Insulin Market
10.1.6.3.1 Mexico Basal Insulin Market by Type
10.1.6.3.2 Mexico Basal Insulin Market by Application
10.1.6.3.3 Mexico Basal Insulin Market by End User
10.2. EUROPE
10.2.1 Europe Basal Insulin Market Overview
10.2.2 Europe Basal Insulin Market Forecasts and Analysis
10.2.3 Europe Basal Insulin Market Forecasts and Analysis - By Type
10.2.4 Europe Basal Insulin Market Forecasts and Analysis - By Application
10.2.5 Europe Basal Insulin Market Forecasts and Analysis - By End User
10.2.6 Europe Basal Insulin Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Basal Insulin Market
10.2.6.1.1 Germany Basal Insulin Market by Type
10.2.6.1.2 Germany Basal Insulin Market by Application
10.2.6.1.3 Germany Basal Insulin Market by End User
10.2.6.2 France Basal Insulin Market
10.2.6.2.1 France Basal Insulin Market by Type
10.2.6.2.2 France Basal Insulin Market by Application
10.2.6.2.3 France Basal Insulin Market by End User
10.2.6.3 Italy Basal Insulin Market
10.2.6.3.1 Italy Basal Insulin Market by Type
10.2.6.3.2 Italy Basal Insulin Market by Application
10.2.6.3.3 Italy Basal Insulin Market by End User
10.2.6.4 Spain Basal Insulin Market
10.2.6.4.1 Spain Basal Insulin Market by Type
10.2.6.4.2 Spain Basal Insulin Market by Application
10.2.6.4.3 Spain Basal Insulin Market by End User
10.2.6.5 United Kingdom Basal Insulin Market
10.2.6.5.1 United Kingdom Basal Insulin Market by Type
10.2.6.5.2 United Kingdom Basal Insulin Market by Application
10.2.6.5.3 United Kingdom Basal Insulin Market by End User
10.2.6.6 Rest of Europe Basal Insulin Market
10.2.6.6.1 Rest of Europe Basal Insulin Market by Type
10.2.6.6.2 Rest of Europe Basal Insulin Market by Application
10.2.6.6.3 Rest of Europe Basal Insulin Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Basal Insulin Market Overview
10.3.2 Asia-Pacific Basal Insulin Market Forecasts and Analysis
10.3.3 Asia-Pacific Basal Insulin Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Basal Insulin Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Basal Insulin Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Basal Insulin Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Basal Insulin Market
10.3.6.1.1 Australia Basal Insulin Market by Type
10.3.6.1.2 Australia Basal Insulin Market by Application
10.3.6.1.3 Australia Basal Insulin Market by End User
10.3.6.2 China Basal Insulin Market
10.3.6.2.1 China Basal Insulin Market by Type
10.3.6.2.2 China Basal Insulin Market by Application
10.3.6.2.3 China Basal Insulin Market by End User
10.3.6.3 India Basal Insulin Market
10.3.6.3.1 India Basal Insulin Market by Type
10.3.6.3.2 India Basal Insulin Market by Application
10.3.6.3.3 India Basal Insulin Market by End User
10.3.6.4 Japan Basal Insulin Market
10.3.6.4.1 Japan Basal Insulin Market by Type
10.3.6.4.2 Japan Basal Insulin Market by Application
10.3.6.4.3 Japan Basal Insulin Market by End User
10.3.6.5 South Korea Basal Insulin Market
10.3.6.5.1 South Korea Basal Insulin Market by Type
10.3.6.5.2 South Korea Basal Insulin Market by Application
10.3.6.5.3 South Korea Basal Insulin Market by End User
10.3.6.6 Rest of Asia-Pacific Basal Insulin Market
10.3.6.6.1 Rest of Asia-Pacific Basal Insulin Market by Type
10.3.6.6.2 Rest of Asia-Pacific Basal Insulin Market by Application
10.3.6.6.3 Rest of Asia-Pacific Basal Insulin Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Basal Insulin Market Overview
10.4.2 Middle East and Africa Basal Insulin Market Forecasts and Analysis
10.4.3 Middle East and Africa Basal Insulin Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Basal Insulin Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Basal Insulin Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Basal Insulin Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Basal Insulin Market
10.4.6.1.1 South Africa Basal Insulin Market by Type
10.4.6.1.2 South Africa Basal Insulin Market by Application
10.4.6.1.3 South Africa Basal Insulin Market by End User
10.4.6.2 Saudi Arabia Basal Insulin Market
10.4.6.2.1 Saudi Arabia Basal Insulin Market by Type
10.4.6.2.2 Saudi Arabia Basal Insulin Market by Application
10.4.6.2.3 Saudi Arabia Basal Insulin Market by End User
10.4.6.3 U.A.E Basal Insulin Market
10.4.6.3.1 U.A.E Basal Insulin Market by Type
10.4.6.3.2 U.A.E Basal Insulin Market by Application
10.4.6.3.3 U.A.E Basal Insulin Market by End User
10.4.6.4 Rest of Middle East and Africa Basal Insulin Market
10.4.6.4.1 Rest of Middle East and Africa Basal Insulin Market by Type
10.4.6.4.2 Rest of Middle East and Africa Basal Insulin Market by Application
10.4.6.4.3 Rest of Middle East and Africa Basal Insulin Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Basal Insulin Market Overview
10.5.2 South and Central America Basal Insulin Market Forecasts and Analysis
10.5.3 South and Central America Basal Insulin Market Forecasts and Analysis - By Type
10.5.4 South and Central America Basal Insulin Market Forecasts and Analysis - By Application
10.5.5 South and Central America Basal Insulin Market Forecasts and Analysis - By End User
10.5.6 South and Central America Basal Insulin Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Basal Insulin Market
10.5.6.1.1 Brazil Basal Insulin Market by Type
10.5.6.1.2 Brazil Basal Insulin Market by Application
10.5.6.1.3 Brazil Basal Insulin Market by End User
10.5.6.2 Argentina Basal Insulin Market
10.5.6.2.1 Argentina Basal Insulin Market by Type
10.5.6.2.2 Argentina Basal Insulin Market by Application
10.5.6.2.3 Argentina Basal Insulin Market by End User
10.5.6.3 Rest of South and Central America Basal Insulin Market
10.5.6.3.1 Rest of South and Central America Basal Insulin Market by Type
10.5.6.3.2 Rest of South and Central America Basal Insulin Market by Application
10.5.6.3.3 Rest of South and Central America Basal Insulin 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. BASAL INSULIN MARKET, KEY COMPANY PROFILES
12.1. NOVO NORDISK
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. SANOFI
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. ELI LILLY AND COMPANY.
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. BIOCON.
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. JULPHAR
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. BOEHRINGER INGELHEIM.
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. TEVA PHARMACEUTICAL INDUSTRIES LTD.
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. BRISTOL-MYERS SQUIBB COMPANY
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. PFIZER
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. GLAXOSMITHKLINE PLC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Novo Nordisk
2. Sanofi
3. Eli Lilly and Company.
4. Biocon.
5. Julphar
6. Boehringer Ingelheim.
7. Teva Pharmaceutical Industries Ltd.
8. Bristol-Myers Squibb Company
9. Pfizer
10. GlaxoSmithKline plc.
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.
Get Free Sample For