Bone and Joint Health Supplements Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Bone and joint health supplements help in the strengthening of bones by providing the necessary amount of concentration of minerals such as calcium and others. Some of the commonly found ingredients in these supplements include glucosamine, chondroitin, silicon, and omega-3 fatty acids, among others. During recent years, the use of bone and joint health supplements has increased not just for therapeutic purposes, but also for maintaining a healthy lifestyle by individuals.
MARKET DYNAMICS
The bone and joint health supplements market is estimated to grow during the forecast period owing to a rise in the geriatric population and increasing incidences of bone and joint surgeries. However, the availability of substitute substances is expected to limit the growth of the bone and joint health supplements market. On the other hand, the introduction of innovative ingredients is likely to showcase growth opportunities for the bone and joint health supplements market during the forecast period.
MARKET SCOPE
The "Global Bone and Joint Health Supplements Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of bone and joint health supplements market with detailed market segmentation by form, ingredients, end user, distribution channel, and geography. The global bone and joint health supplements market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bone and joint health supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bone and joint health supplements market is segmented on the basis of form, ingredients, end user, and distribution channel. Based on form, the market is segmented as liquid, powder and soft gels/pills. On the basis of ingredients, the market is segmented as, amino acids, botanical supplements, vitamins & minerals, and other ingredients. Based on end user the market is segmented as, men, women and senior citizen. On the basis of distribution channel the market is categorized as health & beauty stores, pharmacies drug stores, online sales, specialty stores, and other distribution channels.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements 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 bone and joint health supplements market in these regions.
MARKET PLAYERS
The reports cover key developments in the bone and joint health supplements 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 payers from bone and joint health supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for bone and joint health supplements market in the global market. Below mentioned is the list of few companies engaged in the bone and joint health supplements market.
The report also includes the profiles of bone and joint health supplements 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.
- Abbott
- Amway
- BASF SE
- Bio-Tech Pharmacal
- DSM
- Glanbia plc
- NOW Foods
- NutriGold Inc.
- Seroyal
- USANA Health Sciences, 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
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 Bone and Joint Health Supplements Market - By Form
1.3.2 Bone and Joint Health Supplements Market - By Ingredients
1.3.3 Bone and Joint Health Supplements Market - By End User
1.3.4 Bone and Joint Health Supplements Market - By Distribution Channel
1.3.5 Bone and Joint Health Supplements Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. BONE AND JOINT HEALTH SUPPLEMENTS 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. BONE AND JOINT HEALTH SUPPLEMENTS 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. BONE AND JOINT HEALTH SUPPLEMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. BONE AND JOINT HEALTH SUPPLEMENTS - GLOBAL MARKET OVERVIEW
6.2. BONE AND JOINT HEALTH SUPPLEMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BONE AND JOINT HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. LIQUID
7.3.1. Overview
7.3.2. Liquid Market Forecast and Analysis
7.4. POWDER
7.4.1. Overview
7.4.2. Powder Market Forecast and Analysis
7.5. SOFT GELS/PILLS
7.5.1. Overview
7.5.2. Soft Gels/Pills Market Forecast and Analysis
8. BONE AND JOINT HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 - INGREDIENTS
8.1. OVERVIEW
8.2. INGREDIENTS MARKET FORECASTS AND ANALYSIS
8.3. AMINO ACIDS
8.3.1. Overview
8.3.2. Amino Acids Market Forecast and Analysis
8.4. BOTANICAL SUPPLEMENTS
8.4.1. Overview
8.4.2. Botanical Supplements Market Forecast and Analysis
8.5. VITAMINS AND MINERALS
8.5.1. Overview
8.5.2. Vitamins and Minerals Market Forecast and Analysis
8.6. OTHER INGREDIENTS
8.6.1. Overview
8.6.2. Other Ingredients Market Forecast and Analysis
9. BONE AND JOINT HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. MEN
9.3.1. Overview
9.3.2. Men Market Forecast and Analysis
9.4. WOMEN
9.4.1. Overview
9.4.2. Women Market Forecast and Analysis
9.5. SENIOR CITIZEN
9.5.1. Overview
9.5.2. Senior Citizen Market Forecast and Analysis
10. BONE AND JOINT HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. HEALTH AND BEAUTY STORES
10.3.1. Overview
10.3.2. Health and Beauty Stores Market Forecast and Analysis
10.4. PHARMACIES DRUG STORES
10.4.1. Overview
10.4.2. Pharmacies Drug Stores Market Forecast and Analysis
10.5. ONLINE SALES
10.5.1. Overview
10.5.2. Online Sales Market Forecast and Analysis
10.6. SPECIALTY STORES
10.6.1. Overview
10.6.2. Specialty Stores Market Forecast and Analysis
10.7. OTHER DISTRIBUTION CHANNELS
10.7.1. Overview
10.7.2. Other Distribution Channels Market Forecast and Analysis
11. BONE AND JOINT HEALTH SUPPLEMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Bone and Joint Health Supplements Market Overview
11.1.2 North America Bone and Joint Health Supplements Market Forecasts and Analysis
11.1.3 North America Bone and Joint Health Supplements Market Forecasts and Analysis - By Form
11.1.4 North America Bone and Joint Health Supplements Market Forecasts and Analysis - By Ingredients
11.1.5 North America Bone and Joint Health Supplements Market Forecasts and Analysis - By End User
11.1.6 North America Bone and Joint Health Supplements Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Bone and Joint Health Supplements Market Forecasts and Analysis - By Countries
11.1.7.1 United States Bone and Joint Health Supplements Market
11.1.7.1.1 United States Bone and Joint Health Supplements Market by Form
11.1.7.1.2 United States Bone and Joint Health Supplements Market by Ingredients
11.1.7.1.3 United States Bone and Joint Health Supplements Market by End User
11.1.7.1.4 United States Bone and Joint Health Supplements Market by Distribution Channel
11.1.7.2 Canada Bone and Joint Health Supplements Market
11.1.7.2.1 Canada Bone and Joint Health Supplements Market by Form
11.1.7.2.2 Canada Bone and Joint Health Supplements Market by Ingredients
11.1.7.2.3 Canada Bone and Joint Health Supplements Market by End User
11.1.7.2.4 Canada Bone and Joint Health Supplements Market by Distribution Channel
11.1.7.3 Mexico Bone and Joint Health Supplements Market
11.1.7.3.1 Mexico Bone and Joint Health Supplements Market by Form
11.1.7.3.2 Mexico Bone and Joint Health Supplements Market by Ingredients
11.1.7.3.3 Mexico Bone and Joint Health Supplements Market by End User
11.1.7.3.4 Mexico Bone and Joint Health Supplements Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Bone and Joint Health Supplements Market Overview
11.2.2 Europe Bone and Joint Health Supplements Market Forecasts and Analysis
11.2.3 Europe Bone and Joint Health Supplements Market Forecasts and Analysis - By Form
11.2.4 Europe Bone and Joint Health Supplements Market Forecasts and Analysis - By Ingredients
11.2.5 Europe Bone and Joint Health Supplements Market Forecasts and Analysis - By End User
11.2.6 Europe Bone and Joint Health Supplements Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Bone and Joint Health Supplements Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Bone and Joint Health Supplements Market
11.2.7.1.1 Germany Bone and Joint Health Supplements Market by Form
11.2.7.1.2 Germany Bone and Joint Health Supplements Market by Ingredients
11.2.7.1.3 Germany Bone and Joint Health Supplements Market by End User
11.2.7.1.4 Germany Bone and Joint Health Supplements Market by Distribution Channel
11.2.7.2 France Bone and Joint Health Supplements Market
11.2.7.2.1 France Bone and Joint Health Supplements Market by Form
11.2.7.2.2 France Bone and Joint Health Supplements Market by Ingredients
11.2.7.2.3 France Bone and Joint Health Supplements Market by End User
11.2.7.2.4 France Bone and Joint Health Supplements Market by Distribution Channel
11.2.7.3 Italy Bone and Joint Health Supplements Market
11.2.7.3.1 Italy Bone and Joint Health Supplements Market by Form
11.2.7.3.2 Italy Bone and Joint Health Supplements Market by Ingredients
11.2.7.3.3 Italy Bone and Joint Health Supplements Market by End User
11.2.7.3.4 Italy Bone and Joint Health Supplements Market by Distribution Channel
11.2.7.4 Spain Bone and Joint Health Supplements Market
11.2.7.4.1 Spain Bone and Joint Health Supplements Market by Form
11.2.7.4.2 Spain Bone and Joint Health Supplements Market by Ingredients
11.2.7.4.3 Spain Bone and Joint Health Supplements Market by End User
11.2.7.4.4 Spain Bone and Joint Health Supplements Market by Distribution Channel
11.2.7.5 United Kingdom Bone and Joint Health Supplements Market
11.2.7.5.1 United Kingdom Bone and Joint Health Supplements Market by Form
11.2.7.5.2 United Kingdom Bone and Joint Health Supplements Market by Ingredients
11.2.7.5.3 United Kingdom Bone and Joint Health Supplements Market by End User
11.2.7.5.4 United Kingdom Bone and Joint Health Supplements Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Bone and Joint Health Supplements Market Overview
11.3.2 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis
11.3.3 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis - By Form
11.3.4 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis - By Ingredients
11.3.5 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis - By End User
11.3.6 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Bone and Joint Health Supplements Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Bone and Joint Health Supplements Market
11.3.7.1.1 Australia Bone and Joint Health Supplements Market by Form
11.3.7.1.2 Australia Bone and Joint Health Supplements Market by Ingredients
11.3.7.1.3 Australia Bone and Joint Health Supplements Market by End User
11.3.7.1.4 Australia Bone and Joint Health Supplements Market by Distribution Channel
11.3.7.2 China Bone and Joint Health Supplements Market
11.3.7.2.1 China Bone and Joint Health Supplements Market by Form
11.3.7.2.2 China Bone and Joint Health Supplements Market by Ingredients
11.3.7.2.3 China Bone and Joint Health Supplements Market by End User
11.3.7.2.4 China Bone and Joint Health Supplements Market by Distribution Channel
11.3.7.3 India Bone and Joint Health Supplements Market
11.3.7.3.1 India Bone and Joint Health Supplements Market by Form
11.3.7.3.2 India Bone and Joint Health Supplements Market by Ingredients
11.3.7.3.3 India Bone and Joint Health Supplements Market by End User
11.3.7.3.4 India Bone and Joint Health Supplements Market by Distribution Channel
11.3.7.4 Japan Bone and Joint Health Supplements Market
11.3.7.4.1 Japan Bone and Joint Health Supplements Market by Form
11.3.7.4.2 Japan Bone and Joint Health Supplements Market by Ingredients
11.3.7.4.3 Japan Bone and Joint Health Supplements Market by End User
11.3.7.4.4 Japan Bone and Joint Health Supplements Market by Distribution Channel
11.3.7.5 South Korea Bone and Joint Health Supplements Market
11.3.7.5.1 South Korea Bone and Joint Health Supplements Market by Form
11.3.7.5.2 South Korea Bone and Joint Health Supplements Market by Ingredients
11.3.7.5.3 South Korea Bone and Joint Health Supplements Market by End User
11.3.7.5.4 South Korea Bone and Joint Health Supplements Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Bone and Joint Health Supplements Market Overview
11.4.2 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis
11.4.3 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis - By Form
11.4.4 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis - By Ingredients
11.4.5 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis - By End User
11.4.6 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Bone and Joint Health Supplements Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Bone and Joint Health Supplements Market
11.4.7.1.1 South Africa Bone and Joint Health Supplements Market by Form
11.4.7.1.2 South Africa Bone and Joint Health Supplements Market by Ingredients
11.4.7.1.3 South Africa Bone and Joint Health Supplements Market by End User
11.4.7.1.4 South Africa Bone and Joint Health Supplements Market by Distribution Channel
11.4.7.2 Saudi Arabia Bone and Joint Health Supplements Market
11.4.7.2.1 Saudi Arabia Bone and Joint Health Supplements Market by Form
11.4.7.2.2 Saudi Arabia Bone and Joint Health Supplements Market by Ingredients
11.4.7.2.3 Saudi Arabia Bone and Joint Health Supplements Market by End User
11.4.7.2.4 Saudi Arabia Bone and Joint Health Supplements Market by Distribution Channel
11.4.7.3 U.A.E Bone and Joint Health Supplements Market
11.4.7.3.1 U.A.E Bone and Joint Health Supplements Market by Form
11.4.7.3.2 U.A.E Bone and Joint Health Supplements Market by Ingredients
11.4.7.3.3 U.A.E Bone and Joint Health Supplements Market by End User
11.4.7.3.4 U.A.E Bone and Joint Health Supplements Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Bone and Joint Health Supplements Market Overview
11.5.2 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis
11.5.3 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis - By Form
11.5.4 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis - By Ingredients
11.5.5 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis - By End User
11.5.6 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Bone and Joint Health Supplements Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Bone and Joint Health Supplements Market
11.5.7.1.1 Brazil Bone and Joint Health Supplements Market by Form
11.5.7.1.2 Brazil Bone and Joint Health Supplements Market by Ingredients
11.5.7.1.3 Brazil Bone and Joint Health Supplements Market by End User
11.5.7.1.4 Brazil Bone and Joint Health Supplements Market by Distribution Channel
11.5.7.2 Argentina Bone and Joint Health Supplements Market
11.5.7.2.1 Argentina Bone and Joint Health Supplements Market by Form
11.5.7.2.2 Argentina Bone and Joint Health Supplements Market by Ingredients
11.5.7.2.3 Argentina Bone and Joint Health Supplements Market by End User
11.5.7.2.4 Argentina Bone and Joint Health Supplements Market by Distribution Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. BONE AND JOINT HEALTH SUPPLEMENTS MARKET, KEY COMPANY PROFILES
13.1. ABBOTT
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AMWAY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BASF SE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BIO-TECH PHARMACAL
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DSM
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. GLANBIA PLC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NOW FOODS
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NUTRIGOLD INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SEROYAL
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. USANA HEALTH SCIENCES, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
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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