Biodegradable Bone Graft Polymers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
The biodegradable bone graft polymers are used as bone grafting materials and are designed to degrade over time. These polymers support bone growth and repair in various orthopedic and dental procedures, such as spinal fusion, bone fractures, and dental implantology. The market includes biodegradable polymers made from natural or synthetic materials that can be used in internal and external bone repair applications. The market size and growth rate can vary depending on technological advances and the increasing use of biodegradable polymers in various surgical procedures.
MARKET DYNAMICS
The growth of the biodegradable bone graft polymers market is driven by factors such as the rising geriatric population coupled with the need for joint reconstruction surgeries. Steady demands from dental industry further keep the biodegradable bone graft polymers market growing. On the other hand, the biodegradable bone graft polymers market owing to robust technological involvement in biomedical engineering such as 3D printing technology in joint reconstruction surgeries is providing new dimensions for growth to major market players during the forecast period.
MARKET SCOPE
The "Global Biodegradable Bone Graft Polymers Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of biodegradable bone graft polymers market with detailed market segmentation by polymer type, application, and geography. The global biodegradable bone graft polymers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biodegradable bone graft polymers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biodegradable bone graft polymers market is segmented on the basis of polymer type and application. Based on polymer type, the market is segmented as synthetic and natural polymers. The market by synthetic polymers is further segmented as Polylactic acid (PLA), Polyglycolic acid (PGA), Polycaprolactone (PCL). By natural polymer segment, the market is further segmented as chitosan and collagen. By application, the market is segmented as joint reconstruction, craniomaxillofacial, orthobiologics, dental, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biodegradable bone graft polymers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biodegradable bone graft polymers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting biodegradable bone graft polymers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the biodegradable bone graft polymers market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biodegradable bone graft polymers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biodegradable bone graft polymers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting biodegradable bone graft polymers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the biodegradable bone graft polymers market in these regions.
MARKET PLAYERS
The reports cover key developments in the biodegradable bone graft polymers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from biodegradable bone graft polymers market are anticipated to lucrative growth opportunities in the future with the rising demand for biodegradable bone graft polymers in the global market. Below mentioned is the list of few companies engaged in the biodegradable bone graft polymers market.
The report also includes the profiles of key biodegradable bone graft polymers companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Advanced Biopolymers AS
- BMG Incorporated
- Corbion N.V.
- Evonik Industries AG
- Foster Corporation
- G.T.C. Bio Corporation
- KLS Martin Group
- LACTEL Absorbable Polymers
- Novamatrix
- Polysciences, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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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
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to country scope.
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 Biodegradable Bone Graft Polymers Market - By Polymer Type
1.3.2 Biodegradable Bone Graft Polymers Market - By Application
1.3.3 Biodegradable Bone Graft Polymers Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. BIODEGRADABLE BONE GRAFT POLYMERS 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. BIODEGRADABLE BONE GRAFT POLYMERS 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. BIODEGRADABLE BONE GRAFT POLYMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. BIODEGRADABLE BONE GRAFT POLYMERS - GLOBAL MARKET OVERVIEW
6.2. BIODEGRADABLE BONE GRAFT POLYMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIODEGRADABLE BONE GRAFT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - POLYMER TYPE
7.1. OVERVIEW
7.2. POLYMER TYPE MARKET FORECASTS AND ANALYSIS
7.3. SYNTHETIC POLYMERS
7.3.1. Overview
7.3.2. Synthetic Polymers Market Forecast and Analysis
7.3.3. Polylactic acid (PLA) Market
7.3.3.1. Overview
7.3.3.2. Polylactic acid (PLA) Market Forecast and Analysis
7.3.4. Polyglycolic acid (PGA) Market
7.3.4.1. Overview
7.3.4.2. Polyglycolic acid (PGA) Market Forecast and Analysis
7.3.5. Polycaprolactone (PCL) Market
7.3.5.1. Overview
7.3.5.2. Polycaprolactone (PCL) Market Forecast and Analysis
7.4. NATURAL POLYMERS
7.4.1. Overview
7.4.2. Natural Polymers Market Forecast and Analysis
7.4.3. Chitosan Market
7.4.3.1. Overview
7.4.3.2. Chitosan Market Forecast and Analysis
7.4.4. Collagen Market
7.4.4.1. Overview
7.4.4.2. Collagen Market Forecast and Analysis
8. BIODEGRADABLE BONE GRAFT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. JOINT RECONSTRUCTION
8.3.1. Overview
8.3.2. Joint reconstruction Market Forecast and Analysis
8.4. CRANIOMAXILLOFACIAL
8.4.1. Overview
8.4.2. Craniomaxillofacial Market Forecast and Analysis
8.5. ORTHOBIOLOGICS
8.5.1. Overview
8.5.2. Orthobiologics Market Forecast and Analysis
8.6. DENTAL
8.6.1. Overview
8.6.2. Dental Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. BIODEGRADABLE BONE GRAFT POLYMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biodegradable Bone Graft Polymers Market Overview
9.1.2 North America Biodegradable Bone Graft Polymers Market Forecasts and Analysis
9.1.3 North America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Polymer Type
9.1.4 North America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Application
9.1.5 North America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biodegradable Bone Graft Polymers Market
9.1.5.1.1 United States Biodegradable Bone Graft Polymers Market by Polymer Type
9.1.5.1.2 United States Biodegradable Bone Graft Polymers Market by Application
9.1.5.2 Canada Biodegradable Bone Graft Polymers Market
9.1.5.2.1 Canada Biodegradable Bone Graft Polymers Market by Polymer Type
9.1.5.2.2 Canada Biodegradable Bone Graft Polymers Market by Application
9.1.5.3 Mexico Biodegradable Bone Graft Polymers Market
9.1.5.3.1 Mexico Biodegradable Bone Graft Polymers Market by Polymer Type
9.1.5.3.2 Mexico Biodegradable Bone Graft Polymers Market by Application
9.2. EUROPE
9.2.1 Europe Biodegradable Bone Graft Polymers Market Overview
9.2.2 Europe Biodegradable Bone Graft Polymers Market Forecasts and Analysis
9.2.3 Europe Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Polymer Type
9.2.4 Europe Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Application
9.2.5 Europe Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biodegradable Bone Graft Polymers Market
9.2.5.1.1 Germany Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.1.2 Germany Biodegradable Bone Graft Polymers Market by Application
9.2.5.2 France Biodegradable Bone Graft Polymers Market
9.2.5.2.1 France Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.2.2 France Biodegradable Bone Graft Polymers Market by Application
9.2.5.3 Italy Biodegradable Bone Graft Polymers Market
9.2.5.3.1 Italy Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.3.2 Italy Biodegradable Bone Graft Polymers Market by Application
9.2.5.4 United Kingdom Biodegradable Bone Graft Polymers Market
9.2.5.4.1 United Kingdom Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.4.2 United Kingdom Biodegradable Bone Graft Polymers Market by Application
9.2.5.5 Russia Biodegradable Bone Graft Polymers Market
9.2.5.5.1 Russia Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.5.2 Russia Biodegradable Bone Graft Polymers Market by Application
9.2.5.6 Rest of Europe Biodegradable Bone Graft Polymers Market
9.2.5.6.1 Rest of Europe Biodegradable Bone Graft Polymers Market by Polymer Type
9.2.5.6.2 Rest of Europe Biodegradable Bone Graft Polymers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biodegradable Bone Graft Polymers Market Overview
9.3.2 Asia-Pacific Biodegradable Bone Graft Polymers Market Forecasts and Analysis
9.3.3 Asia-Pacific Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Polymer Type
9.3.4 Asia-Pacific Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biodegradable Bone Graft Polymers Market
9.3.5.1.1 Australia Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.1.2 Australia Biodegradable Bone Graft Polymers Market by Application
9.3.5.2 China Biodegradable Bone Graft Polymers Market
9.3.5.2.1 China Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.2.2 China Biodegradable Bone Graft Polymers Market by Application
9.3.5.3 India Biodegradable Bone Graft Polymers Market
9.3.5.3.1 India Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.3.2 India Biodegradable Bone Graft Polymers Market by Application
9.3.5.4 Japan Biodegradable Bone Graft Polymers Market
9.3.5.4.1 Japan Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.4.2 Japan Biodegradable Bone Graft Polymers Market by Application
9.3.5.5 South Korea Biodegradable Bone Graft Polymers Market
9.3.5.5.1 South Korea Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.5.2 South Korea Biodegradable Bone Graft Polymers Market by Application
9.3.5.6 Rest of Asia-Pacific Biodegradable Bone Graft Polymers Market
9.3.5.6.1 Rest of Asia-Pacific Biodegradable Bone Graft Polymers Market by Polymer Type
9.3.5.6.2 Rest of Asia-Pacific Biodegradable Bone Graft Polymers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biodegradable Bone Graft Polymers Market Overview
9.4.2 Middle East and Africa Biodegradable Bone Graft Polymers Market Forecasts and Analysis
9.4.3 Middle East and Africa Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Polymer Type
9.4.4 Middle East and Africa Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biodegradable Bone Graft Polymers Market
9.4.5.1.1 South Africa Biodegradable Bone Graft Polymers Market by Polymer Type
9.4.5.1.2 South Africa Biodegradable Bone Graft Polymers Market by Application
9.4.5.2 Saudi Arabia Biodegradable Bone Graft Polymers Market
9.4.5.2.1 Saudi Arabia Biodegradable Bone Graft Polymers Market by Polymer Type
9.4.5.2.2 Saudi Arabia Biodegradable Bone Graft Polymers Market by Application
9.4.5.3 U.A.E Biodegradable Bone Graft Polymers Market
9.4.5.3.1 U.A.E Biodegradable Bone Graft Polymers Market by Polymer Type
9.4.5.3.2 U.A.E Biodegradable Bone Graft Polymers Market by Application
9.4.5.4 Rest of Middle East and Africa Biodegradable Bone Graft Polymers Market
9.4.5.4.1 Rest of Middle East and Africa Biodegradable Bone Graft Polymers Market by Polymer Type
9.4.5.4.2 Rest of Middle East and Africa Biodegradable Bone Graft Polymers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biodegradable Bone Graft Polymers Market Overview
9.5.2 South and Central America Biodegradable Bone Graft Polymers Market Forecasts and Analysis
9.5.3 South and Central America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Polymer Type
9.5.4 South and Central America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Biodegradable Bone Graft Polymers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biodegradable Bone Graft Polymers Market
9.5.5.1.1 Brazil Biodegradable Bone Graft Polymers Market by Polymer Type
9.5.5.1.2 Brazil Biodegradable Bone Graft Polymers Market by Application
9.5.5.2 Argentina Biodegradable Bone Graft Polymers Market
9.5.5.2.1 Argentina Biodegradable Bone Graft Polymers Market by Polymer Type
9.5.5.2.2 Argentina Biodegradable Bone Graft Polymers Market by Application
9.5.5.3 Rest of South and Central America Biodegradable Bone Graft Polymers Market
9.5.5.3.1 Rest of South and Central America Biodegradable Bone Graft Polymers Market by Polymer Type
9.5.5.3.2 Rest of South and Central America Biodegradable Bone Graft Polymers Market by Application
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. BIODEGRADABLE BONE GRAFT POLYMERS MARKET, KEY COMPANY PROFILES
11.1. ADVANCED BIOPOLYMERS AS
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. BMG INCORPORATED
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. CORBION N.V.
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. EVONIK INDUSTRIES AG
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. FOSTER CORPORATION
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. G.T.C. BIO 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. KLS MARTIN GROUP
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. LACTEL ABSORBABLE POLYMERS
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. NOVAMATRIX
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. POLYSCIENCES, INC.
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
- Advanced Biopolymers AS
- BMG Incorporated
- Corbion N.V.
- Evonik Industries AG
- Foster Corporation
- G.T.C. Bio Corporation
- KLS Martin Group
- LACTEL Absorbable Polymers
- Novamatrix
- Polysciences, Inc.
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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