Biotextiles are structures composed of synthetic or natural fibers that are designed for application in specific biological environments. The performance of these biotextiles depends on the biostability and biocompatibility with the biological fluids and cells. Some examples of biotextile include implantable devices such as surgical mesh, stent-grafts, surgical sutures, hernia repair fabrics, surgical sutures, artificial skin, arterial grafts, heart patch, heart valves, artificial tendons & ligaments, cosmetic surgery, tissue engineering, neurovascular conduits, etc. These can be converted to various preparations to provide needed drug delivery profiles also. These biotextiles find widespread applications in the medical industry for its therapeutic, medicinal, and protective characteristics.
MARKET DYNAMICS
A high prevalence of cardiovascular diseases, orthopedic disorders, and an increase in minimally invasive surgeries, cosmetic surgeries, organ transplantation, and a shortage of heart donor organs will drive the growing demand of the biotextiles market. Biotextiles are also used in the defense sector, where it finds new applications as protective clothing and bandages is another chief growth augmenting factor that will affect the biotextiles market. However, limitations of biotextiles based products, lack of skilled and trained professionals, stringent regulatory processes for approval, and reimbursement issues in emerging countries may hinder the growth of the market in the forecasted period.
MARKET SCOPE
The "Global Biotextiles Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of biotextiles market with detailed market segmentation by manufacturing technique, material, application, and geography. The global Biotextiles Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biotextiles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biotextiles market is segmented on the manufacturing technique, material, and application. Based on manufacturing technique, the global biotextiles market is segmented into woven textiles, non-woven textiles, braided textiles and knitted textiles. Based on the material, the biotextiles market is segmented non-bioabsorbable, and bioabsorbable. Based on the application, the biotextiles market is segmented Cardiovascular, Orthopedic, Gynecology and Urology, General Surgery, and Other Applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global biotextiles market based on various segments. It also provides market size and forecast estimates from 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 biotextiles market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting biotextiles market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the biotextiles 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 overview and forecast of the global biotextiles market based on various segments. It also provides market size and forecast estimates from 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 biotextiles market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting biotextiles market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the biotextiles market in these regions.
MARKET PLAYERS
The reports cover key developments in the biotextiles 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 way for expansion of business and customer base of market players. The market players from biotextiles market are anticipated to lucrative growth opportunities in the future with the rising demand for biotextiles in the global market. Below mentioned is the list of few companies engaged in the biotextiles market.
The report also includes the profiles of key biotextiles market 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 last 3 years, key development in past five years.
- Advanced Medical Solutions Group plc.
- Amnivor
- Aran Biomedical
- ATEX TECHNOLOGIES
- Becton, Dickinson and Company (BD)
- Confluent Medical Technologies#
- Medtronic
- Culzean Textile Solutions
- J-Pac Medical
- Polymedicure
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.
- 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 Biotextiles Market - By Manufacturing Technique
1.3.2 Biotextiles Market - By Material
1.3.3 Biotextiles Market - By Application
1.3.4 Biotextiles Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIOTEXTILES 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. BIOTEXTILES 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. BIOTEXTILES MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOTEXTILES - GLOBAL MARKET OVERVIEW
6.2. BIOTEXTILES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - MANUFACTURING TECHNIQUE
7.1. OVERVIEW
7.2. MANUFACTURING TECHNIQUE MARKET FORECASTS AND ANALYSIS
7.3. WOVEN TEXTILES
7.3.1. Overview
7.3.2. Woven Textiles Market Forecast and Analysis
7.4. NON-WOVEN TEXTILES
7.4.1. Overview
7.4.2. Non-Woven Textiles Market Forecast and Analysis
7.5. BRAIDED TEXTILES
7.5.1. Overview
7.5.2. Braided Textiles Market Forecast and Analysis
7.6. KNITTED TEXTILES
7.6.1. Overview
7.6.2. Knitted Textiles Market Forecast and Analysis
8. BIOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. NON-BIOABSORBABLE
8.3.1. Overview
8.3.2. Non-Bioabsorbable Market Forecast and Analysis
8.4. BIOABSORBABLE
8.4.1. Overview
8.4.2. Bioabsorbable Market Forecast and Analysis
9. BIOTEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CARDIOVASCULAR
9.3.1. Overview
9.3.2. Cardiovascular Market Forecast and Analysis
9.3.3. Stents Market
9.3.3.1. Overview
9.3.3.2. Stents Market Forecast and Analysis
9.3.4. Stent Grafts Market
9.3.4.1. Overview
9.3.4.2. Stent Grafts Market Forecast and Analysis
9.3.5. Heart Valve Replacement Market
9.3.5.1. Overview
9.3.5.2. Heart Valve Replacement Market Forecast and Analysis
9.3.6. Heart Valve Repair Market
9.3.6.1. Overview
9.3.6.2. Heart Valve Repair Market Forecast and Analysis
9.3.7. Others Market
9.3.7.1. Overview
9.3.7.2. Others Market Forecast and Analysis
9.4. ORTHOPAEDIC
9.4.1. Overview
9.4.2. Orthopaedic Market Forecast and Analysis
9.4.3. Artificial Ligaments and Tendons Market
9.4.3.1. Overview
9.4.3.2. Artificial Ligaments and Tendons Market Forecast and Analysis
9.4.4. Sutures and Suture Anchors Market
9.4.4.1. Overview
9.4.4.2. Sutures and Suture Anchors Market Forecast and Analysis
9.4.5. Others Market
9.4.5.1. Overview
9.4.5.2. Others Market Forecast and Analysis
9.5. GYNAECOLOGY AND UROLOGY
9.5.1. Overview
9.5.2. Gynaecology and Urology Market Forecast and Analysis
9.5.3. Incontinence Slings Market
9.5.3.1. Overview
9.5.3.2. Incontinence Slings Market Forecast and Analysis
9.5.4. Pelvic Floor Repair Mesh Market
9.5.4.1. Overview
9.5.4.2. Pelvic Floor Repair Mesh Market Forecast and Analysis
9.5.5. Others Market
9.5.5.1. Overview
9.5.5.2. Others Market Forecast and Analysis
9.6. GENERAL SURGERY
9.6.1. Overview
9.6.2. General Surgery Market Forecast and Analysis
9.6.3. Sutures Market
9.6.3.1. Overview
9.6.3.2. Sutures Market Forecast and Analysis
9.6.4. Hernia Repair Mesh Market
9.6.4.1. Overview
9.6.4.2. Hernia Repair Mesh Market Forecast and Analysis
9.6.5. Cosmetic Surgery Market
9.6.5.1. Overview
9.6.5.2. Cosmetic Surgery Market Forecast and Analysis
9.6.6. Others Market
9.6.6.1. Overview
9.6.6.2. Others Market Forecast and Analysis
9.7. OTHER APPLICATIONS
9.7.1. Overview
9.7.2. Other Applications Market Forecast and Analysis
10. BIOTEXTILES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Biotextiles Market Overview
10.1.2 North America Biotextiles Market Forecasts and Analysis
10.1.3 North America Biotextiles Market Forecasts and Analysis - By Manufacturing Technique
10.1.4 North America Biotextiles Market Forecasts and Analysis - By Material
10.1.5 North America Biotextiles Market Forecasts and Analysis - By Application
10.1.6 North America Biotextiles Market Forecasts and Analysis - By Countries
10.1.6.1 United States Biotextiles Market
10.1.6.1.1 United States Biotextiles Market by Manufacturing Technique
10.1.6.1.2 United States Biotextiles Market by Material
10.1.6.1.3 United States Biotextiles Market by Application
10.1.6.2 Canada Biotextiles Market
10.1.6.2.1 Canada Biotextiles Market by Manufacturing Technique
10.1.6.2.2 Canada Biotextiles Market by Material
10.1.6.2.3 Canada Biotextiles Market by Application
10.1.6.3 Mexico Biotextiles Market
10.1.6.3.1 Mexico Biotextiles Market by Manufacturing Technique
10.1.6.3.2 Mexico Biotextiles Market by Material
10.1.6.3.3 Mexico Biotextiles Market by Application
10.2. EUROPE
10.2.1 Europe Biotextiles Market Overview
10.2.2 Europe Biotextiles Market Forecasts and Analysis
10.2.3 Europe Biotextiles Market Forecasts and Analysis - By Manufacturing Technique
10.2.4 Europe Biotextiles Market Forecasts and Analysis - By Material
10.2.5 Europe Biotextiles Market Forecasts and Analysis - By Application
10.2.6 Europe Biotextiles Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Biotextiles Market
10.2.6.1.1 Germany Biotextiles Market by Manufacturing Technique
10.2.6.1.2 Germany Biotextiles Market by Material
10.2.6.1.3 Germany Biotextiles Market by Application
10.2.6.2 France Biotextiles Market
10.2.6.2.1 France Biotextiles Market by Manufacturing Technique
10.2.6.2.2 France Biotextiles Market by Material
10.2.6.2.3 France Biotextiles Market by Application
10.2.6.3 Italy Biotextiles Market
10.2.6.3.1 Italy Biotextiles Market by Manufacturing Technique
10.2.6.3.2 Italy Biotextiles Market by Material
10.2.6.3.3 Italy Biotextiles Market by Application
10.2.6.4 Spain Biotextiles Market
10.2.6.4.1 Spain Biotextiles Market by Manufacturing Technique
10.2.6.4.2 Spain Biotextiles Market by Material
10.2.6.4.3 Spain Biotextiles Market by Application
10.2.6.5 United Kingdom Biotextiles Market
10.2.6.5.1 United Kingdom Biotextiles Market by Manufacturing Technique
10.2.6.5.2 United Kingdom Biotextiles Market by Material
10.2.6.5.3 United Kingdom Biotextiles Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Biotextiles Market Overview
10.3.2 Asia-Pacific Biotextiles Market Forecasts and Analysis
10.3.3 Asia-Pacific Biotextiles Market Forecasts and Analysis - By Manufacturing Technique
10.3.4 Asia-Pacific Biotextiles Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Biotextiles Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Biotextiles Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Biotextiles Market
10.3.6.1.1 Australia Biotextiles Market by Manufacturing Technique
10.3.6.1.2 Australia Biotextiles Market by Material
10.3.6.1.3 Australia Biotextiles Market by Application
10.3.6.2 China Biotextiles Market
10.3.6.2.1 China Biotextiles Market by Manufacturing Technique
10.3.6.2.2 China Biotextiles Market by Material
10.3.6.2.3 China Biotextiles Market by Application
10.3.6.3 India Biotextiles Market
10.3.6.3.1 India Biotextiles Market by Manufacturing Technique
10.3.6.3.2 India Biotextiles Market by Material
10.3.6.3.3 India Biotextiles Market by Application
10.3.6.4 Japan Biotextiles Market
10.3.6.4.1 Japan Biotextiles Market by Manufacturing Technique
10.3.6.4.2 Japan Biotextiles Market by Material
10.3.6.4.3 Japan Biotextiles Market by Application
10.3.6.5 South Korea Biotextiles Market
10.3.6.5.1 South Korea Biotextiles Market by Manufacturing Technique
10.3.6.5.2 South Korea Biotextiles Market by Material
10.3.6.5.3 South Korea Biotextiles Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Biotextiles Market Overview
10.4.2 Middle East and Africa Biotextiles Market Forecasts and Analysis
10.4.3 Middle East and Africa Biotextiles Market Forecasts and Analysis - By Manufacturing Technique
10.4.4 Middle East and Africa Biotextiles Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Biotextiles Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Biotextiles Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Biotextiles Market
10.4.6.1.1 South Africa Biotextiles Market by Manufacturing Technique
10.4.6.1.2 South Africa Biotextiles Market by Material
10.4.6.1.3 South Africa Biotextiles Market by Application
10.4.6.2 Saudi Arabia Biotextiles Market
10.4.6.2.1 Saudi Arabia Biotextiles Market by Manufacturing Technique
10.4.6.2.2 Saudi Arabia Biotextiles Market by Material
10.4.6.2.3 Saudi Arabia Biotextiles Market by Application
10.4.6.3 U.A.E Biotextiles Market
10.4.6.3.1 U.A.E Biotextiles Market by Manufacturing Technique
10.4.6.3.2 U.A.E Biotextiles Market by Material
10.4.6.3.3 U.A.E Biotextiles Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Biotextiles Market Overview
10.5.2 South and Central America Biotextiles Market Forecasts and Analysis
10.5.3 South and Central America Biotextiles Market Forecasts and Analysis - By Manufacturing Technique
10.5.4 South and Central America Biotextiles Market Forecasts and Analysis - By Material
10.5.5 South and Central America Biotextiles Market Forecasts and Analysis - By Application
10.5.6 South and Central America Biotextiles Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Biotextiles Market
10.5.6.1.1 Brazil Biotextiles Market by Manufacturing Technique
10.5.6.1.2 Brazil Biotextiles Market by Material
10.5.6.1.3 Brazil Biotextiles Market by Application
10.5.6.2 Argentina Biotextiles Market
10.5.6.2.1 Argentina Biotextiles Market by Manufacturing Technique
10.5.6.2.2 Argentina Biotextiles Market by Material
10.5.6.2.3 Argentina Biotextiles Market by Application
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. BIOTEXTILES MARKET, KEY COMPANY PROFILES
12.1. ADVANCED MEDICAL SOLUTIONS GROUP PLC
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. AMNIVOR
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. ARAN BIOMEDICAL
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. ATEX TECHNOLOGIES
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. BECTON, DICKINSON AND COMPANY (BD)
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. CONFLUENT MEDICAL TECHNOLOGIES
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
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. CULZEAN TEXTILE SOLUTIONS
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. J-PAC MEDICAL
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. POLYMEDICURE
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. Advanced Medical Solutions Group plc.
2. Amnivor
3. Aran Biomedical
4. ATEX TECHNOLOGIES
5. Becton, Dickinson and Company (BD)
6. Confluent Medical Technologies#
7. Medtronic
8. Culzean Textile Solutions
9. J-Pac Medical
10. Polymedicure
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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