Blood Plasma Thawer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Blood Plasma Thawer Market covers analysis By Type (Below 4 Bags, 4-8 Bags, Above 8 Bags); End-users (Blood Bank Centers, Hospitals, Clinical and Research Laboratories, Other) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00023270
  • Category : Life Sciences
  • No. of Pages : 150
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Blood Plasma Thawer Market Dynamics 2021-2031

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MARKET OVERVIEW

Blood plasma is a yellow color liquid component of blood that is responsible for holding the blood cells, proteins, and other constituents of whole blood in suspension. Blood plasma thawing is the process of allowing the frozen plasma to stand at ambient temperature that is above zero degrees Celsius. The blood plasma thawer is a specially designed apparatus used for thawing frozen blood plasma units. The device uses a water bath for maintaining appropriate thawing temperatures of plasma units of around 30 to 37 degrees Celsius. The thawer has features such as the LED digital temperature display, visual heater status indicator, and audiovisual high-temperature alarm, making it more reliable and dependable.

MARKET SCOPE

The "Global Blood Plasma Thawer Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the blood plasma thawer market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading blood plasma thawer market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on type, the global blood plasma thawer market is segmented into below 4 bags, 4-8 bags and above 8 bags.
  •  On the basis of end-users, the market is bifurcated into blood bank centers, hospitals, clinical and research laboratories and other.

MARKET DYNAMICS

Drivers

  •  Increasing awareness, increasing incidences of trauma, burn and shock cases, and severe liver disease, and increasing blood donors drive the demand of blood plasma thawer market.
  •  The growing demand for thawed blood plasma, demand for advanced thawing solutions, and technological advancement in thawing systems boost the market growth.
  •  Rising research & development activities and favorable governmental initiatives fuel the market growth.

Restraints

  •  Costly thawing system.
  •  Lack of proper handling by experts.

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 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), the Middle East and Africa (MEA), and South America. The blood plasma thawer 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 the 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 America after evaluating political, economic, social and technological factors affecting the blood plasma thawer market in these regions.

IMPACT OF COVID-19 ON BLOOD PLASMA THAWER MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of cases and deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, and business shutdowns. Patients recovered from Covid-19 infections have variable antibody levels, which can be used to treat other critically ill patients. Fully recovered donors can donate blood plasma as it contains antibodies to the virus that can be used to fight the coronavirus infection. HyperIG, a blood product made from convalescent plasma, is used as therapies with the potential to lessen the severity of illness in patients currently fighting the infection. The CCP and hyper-IG are stored in frozen form to maintain efficacy. Then these products are thawed before transfusion. Hence, blood plasma thawer is needed to carry out the processing of CCP. As the thawer reduces plasma thaw times with controlled temperature and agitation while ensuring the safety of plasma. Hence, the blood plasma thawer market may witness significant growth owing to the factors mentioned above, due to which their demand will surge in the future.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The blood plasma thawer 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 the 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 America after evaluating political, economic, social and technological factors affecting the blood plasma thawer market in these regions.

IMPACT OF COVID-19 ON BLOOD PLASMA THAWER MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of cases and deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, and business shutdowns. Patients recovered from Covid-19 infections have variable antibody levels, which can be used to treat other critically ill patients. Fully recovered donors can donate blood plasma as it contains antibodies to the virus that can be used to fight the coronavirus infection. HyperIG, a blood product made from convalescent plasma, is used as therapies with the potential to lessen the severity of illness in patients currently fighting the infection. The CCP and hyper-IG are stored in frozen form to maintain efficacy. Then these products are thawed before transfusion. Hence, blood plasma thawer is needed to carry out the processing of CCP. As the thawer reduces plasma thaw times with controlled temperature and agitation while ensuring the safety of plasma. Hence, the blood plasma thawer market may witness significant growth owing to the factors mentioned above, due to which their demand will surge in the future.

MARKET PLAYERS

The report covers key developments in the blood plasma thawer 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 the expansion of business and customer base of market players. The market players from blood plasma thawer market are anticipated to have lucrative growth opportunities in the future with the rising demand for blood plasma thawer in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the blood plasma thawer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  Cardinal Health
  •  Helmer Scientifi
  •  Boekel Scientific
  •  Kizlon medical
  •  CytoTherm
  •  Barkey GmbH
  •  Remi Lab World
  •  Genesis PS
  •  Meditech Technologies
  •  Sarstedt

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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
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 Blood Plasma Thawer Market - By Type
1.3.2 Blood Plasma Thawer Market - By End-users
1.3.3 Blood Plasma Thawer Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BLOOD PLASMA THAWER 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. BLOOD PLASMA THAWER 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. BLOOD PLASMA THAWER MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOOD PLASMA THAWER - GLOBAL MARKET OVERVIEW
6.2. BLOOD PLASMA THAWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. BLOOD PLASMA THAWER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BELOW 4 BAGS
7.3.1. Overview
7.3.2. Below 4 Bags Market Forecast and Analysis
7.4. 4-8 BAGS
7.4.1. Overview
7.4.2. 4-8 Bags Market Forecast and Analysis
7.5. ABOVE 8 BAGS
7.5.1. Overview
7.5.2. Above 8 Bags Market Forecast and Analysis
8. BLOOD PLASMA THAWER MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. BLOOD BANK CENTERS
8.3.1. Overview
8.3.2. Blood Bank Centers Market Forecast and Analysis
8.4. HOSPITALS
8.4.1. Overview
8.4.2. Hospitals Market Forecast and Analysis
8.5. CLINICAL AND RESEARCH LABORATORIES
8.5.1. Overview
8.5.2. Clinical and Research Laboratories Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis

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

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. BLOOD PLASMA THAWER MARKET, KEY COMPANY PROFILES
11.1. CARDINAL HEALTH
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. HELMER SCIENTIFI
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. BOEKEL SCIENTIFIC
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. KIZLON MEDICAL
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. CYTOTHERM
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. BARKEY GMBH
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. REMI LAB WORLD
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. GENESIS PS
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. MEDITECH TECHNOLOGIES
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. SARSTEDT
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.Cardinal Health
2.Helmer Scientifi
3.Boekel Scientific
4.Kizlon medical
5.CytoTherm
6.Barkey GmbH
7.Remi Lab World
8.Genesis PS
9.Meditech Technologies
10.Sarstedt

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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