Bone Graft Substitute Market Size, Segments, and Growth by Forecast by 2031

Coverage: Bone Graft Substitute Market covers analysis By Type (Autograft, Demineralized Bone Matrix, Synthetic Bone Grafts, Bone Morphogenetic Protein, Others); Application (Spinal Fusion, Joint Reconstruction, Long Bone, Dental, Foot and Ankle, Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00017786
  • Category : Life Sciences
  • No. of Pages : 150
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Bone Graft Substitute Market - Size and Forecast [2021-2031]

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The Bone Graft Substitute Market is expected to register a CAGR of 6.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Type (Autograft, Demineralized Bone Matrix, Synthetic Bone Grafts, Bone Morphogenetic Protein, Others). Also, the report is segmented based on Application (Spinal Fusion, Joint Reconstruction, Long Bone, Dental, Foot and Ankle, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.

Purpose of the Report

The report Bone Graft Substitute Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Bone Graft Substitute Market Segmentation

Type
  • Autograft
  • Demineralized Bone Matrix
  • Synthetic Bone Grafts
  • Bone Morphogenetic Protein
  • Others
Application
  • Spinal Fusion
  • Joint Reconstruction
  • Long Bone
  • Dental
  • Foot and Ankle
  • Others

Strategic Insights

Bone Graft Substitute Market Growth Drivers
  • Orthopedic Surgeries on the Rise: The increase in orthopedic operations including but not limited to spinal fusion surgeries, joint replacement, and trauma-related surgeries has also caused an increase in the demand for bone graft substitutes. This is because most of these surgeries would require one to regenerate bone in order to heal. Hence, there is a push for the use of natural bone graft substitutes that are safe, effective and bioactive. This drives the market for graft materials such as synthetic grafts, and growth factor based materials.
  • Development of Biomaterials: The use of biomaterials in the healthcare system for example bone graft substitutes made of engineered materials and stem cell therapy is creating an upward trend in the market. The purpose of these is to offer better osteoinductivity, less time to heal, and fewer complications than using a conventional bone graft. As a result, this raises the demand for bone graft substitutes which are more effective and can be designed on the needs of patients, hence improving the market.
  • Rising Geriatric Population Prone to Bone Loss Disorders: For one, the increasing number of elderly citizens around the world further increases the incidence of medical complications such as osteoporosis and other bone-related ailments. This population would also be prone to surgical procedures involving the bone graft due to bone fractures or degenerative diseases, or arthroplasty. There is an increasing bone graft substitute market due to autografts limitations; there is new growth potential for the manufacturers in the sector.
Bone Graft Substitute Market Future Trends
  • Emphasis on Synthetic and Allograft Substitutes: There is a notable preference in the trend of bone graft substitute market around synthetic and allograft materials. These materials used to replace the autografts are superior to the latter in many respects for instance they do not complicate the healing at the donor site and also shortening the healing time. Technology has also improved synthetic bone grafts which are being adopted widely in performing surgeries hence enhancing the growth of the market.
  • 3D Printing Bone Grafts in the Market: The growing wave of 3D printers is also having a very large impact on the bone graft substitute market. With these unique bone grafts, medical professionals can cater to the needs of the patients ensuring that there is a right fit and quick healing of the bone area. This is supported with the improvement in technology offering there is targeted treatment which is more effective for the patient thus better results and more demand in the market.
  • Stem Cell Therapy and Additive Technology Efficacy Enhancements: On the contemporary market, there is a growing trend of combining the stem cells with the agents that stimulate growth as a part of the substitutes for bone grafts. These substances are effective in the processes of healing and tissue regeneration, thus enhancing the properties of the graft substitutes. This market trend will be driven by the advancement in the study of regenerative medicine making it possible to develop increasingly advanced bone grafting materials.
Bone Graft Substitute Market Opportunities
  • Impact of Emerging Markets: Rapid development of healthcare facilities and rise in disposable incomes in developing countries, positively influence the growth of bone graft substitute market. With better medical provisions in most parts of Asia Pacific and Latin America, the market for synthetic and allograft-bone substitutes capable of effective bone regeneration will widen hence enhancing the market size.
  • Orient towards Less Invasive Surgeries: The other important factor that promotes the need of bone graft substitutes is the changing preference towards less invasive surgical procedures. In orthopedics and spine surgery, as less invasive approaches become the standard of care, the demand for advanced, simple-to-use bone graft products that promote rapid recovery and shortened rehabilitation periods is growing. This is an opportunity for the manufacturers to develop graft substitutes suitable for these types of procedures.
  • The Surging Demand for Tailor-Made Constructs: The worldwide trends of custom-designed surgical solutions are need-based and growing due to the existing opportunities in the bone graft substitute industry. Surgical success can be enhanced with grafts made to specific patient’s requirements as well as that of the patient’s anatomy. This strategy fosters growth since it enables the manufacturers to come up with innovative products that satisfy this need through 3D printing and regenerative designs aimed at individual patients.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bone Graft Substitute Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Bone Graft Substitute Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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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

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to country scope.

Frequently Asked Questions


What is the year range for the market

2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year

Which players accounted for major market shares in the year 2023?

Zimmer Biomet, Medtronic, and Stryker accounted for major market shares in the year 2023

What are the deliverable formats of the bone graft substitutes market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

What is the expected CAGR of the Bone Graft Substitute Market?

The Bone Graft Substitute Market is estimated to witness a CAGR of 6.5% from 2023 to 2031

Which region of the bone graft substitutes market accounted for the highest market share?

North America region accounted for the accounted for the highest market share

Which is the fastest growing region in the market ?

Asia Pacific region is the fastest growing in the market

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 Graft Substitute Market - By Type
1.3.2 Bone Graft Substitute Market - By Application
1.3.3 Bone Graft Substitute Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BONE GRAFT SUBSTITUTE 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 GRAFT SUBSTITUTE 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. BONE GRAFT SUBSTITUTE MARKET - GLOBAL MARKET ANALYSIS
6.1. BONE GRAFT SUBSTITUTE - GLOBAL MARKET OVERVIEW
6.2. BONE GRAFT SUBSTITUTE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BONE GRAFT SUBSTITUTE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTOGRAFT
7.3.1. Overview
7.3.2. Autograft Market Forecast and Analysis
7.4. DEMINERALIZED BONE MATRIX
7.4.1. Overview
7.4.2. Demineralized Bone Matrix Market Forecast and Analysis
7.5. SYNTHETIC BONE GRAFTS
7.5.1. Overview
7.5.2. Synthetic Bone Grafts Market Forecast and Analysis
7.6. BONE MORPHOGENETIC PROTEIN
7.6.1. Overview
7.6.2. Bone Morphogenetic Protein Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BONE GRAFT SUBSTITUTE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SPINAL FUSION
8.3.1. Overview
8.3.2. Spinal Fusion Market Forecast and Analysis
8.4. JOINT RECONSTRUCTION
8.4.1. Overview
8.4.2. Joint Reconstruction Market Forecast and Analysis
8.5. LONG BONE
8.5.1. Overview
8.5.2. Long Bone Market Forecast and Analysis
8.6. DENTAL
8.6.1. Overview
8.6.2. Dental Market Forecast and Analysis
8.7. FOOT AND ANKLE
8.7.1. Overview
8.7.2. Foot and Ankle Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. BONE GRAFT SUBSTITUTE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bone Graft Substitute Market Overview
9.1.2 North America Bone Graft Substitute Market Forecasts and Analysis
9.1.3 North America Bone Graft Substitute Market Forecasts and Analysis - By Type
9.1.4 North America Bone Graft Substitute Market Forecasts and Analysis - By Application
9.1.5 North America Bone Graft Substitute Market Forecasts and Analysis - By Countries
9.1.5.1 United States Bone Graft Substitute Market
9.1.5.1.1 United States Bone Graft Substitute Market by Type
9.1.5.1.2 United States Bone Graft Substitute Market by Application
9.1.5.2 Canada Bone Graft Substitute Market
9.1.5.2.1 Canada Bone Graft Substitute Market by Type
9.1.5.2.2 Canada Bone Graft Substitute Market by Application
9.1.5.3 Mexico Bone Graft Substitute Market
9.1.5.3.1 Mexico Bone Graft Substitute Market by Type
9.1.5.3.2 Mexico Bone Graft Substitute Market by Application
9.2. EUROPE
9.2.1 Europe Bone Graft Substitute Market Overview
9.2.2 Europe Bone Graft Substitute Market Forecasts and Analysis
9.2.3 Europe Bone Graft Substitute Market Forecasts and Analysis - By Type
9.2.4 Europe Bone Graft Substitute Market Forecasts and Analysis - By Application
9.2.5 Europe Bone Graft Substitute Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bone Graft Substitute Market
9.2.5.1.1 Germany Bone Graft Substitute Market by Type
9.2.5.1.2 Germany Bone Graft Substitute Market by Application
9.2.5.2 France Bone Graft Substitute Market
9.2.5.2.1 France Bone Graft Substitute Market by Type
9.2.5.2.2 France Bone Graft Substitute Market by Application
9.2.5.3 Italy Bone Graft Substitute Market
9.2.5.3.1 Italy Bone Graft Substitute Market by Type
9.2.5.3.2 Italy Bone Graft Substitute Market by Application
9.2.5.4 Spain Bone Graft Substitute Market
9.2.5.4.1 Spain Bone Graft Substitute Market by Type
9.2.5.4.2 Spain Bone Graft Substitute Market by Application
9.2.5.5 United Kingdom Bone Graft Substitute Market
9.2.5.5.1 United Kingdom Bone Graft Substitute Market by Type
9.2.5.5.2 United Kingdom Bone Graft Substitute Market by Application
9.2.5.6 Rest of Europe Bone Graft Substitute Market
9.2.5.6.1 Rest of Europe Bone Graft Substitute Market by Type
9.2.5.6.2 Rest of Europe Bone Graft Substitute Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bone Graft Substitute Market Overview
9.3.2 Asia-Pacific Bone Graft Substitute Market Forecasts and Analysis
9.3.3 Asia-Pacific Bone Graft Substitute Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Bone Graft Substitute Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Bone Graft Substitute Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bone Graft Substitute Market
9.3.5.1.1 Australia Bone Graft Substitute Market by Type
9.3.5.1.2 Australia Bone Graft Substitute Market by Application
9.3.5.2 China Bone Graft Substitute Market
9.3.5.2.1 China Bone Graft Substitute Market by Type
9.3.5.2.2 China Bone Graft Substitute Market by Application
9.3.5.3 India Bone Graft Substitute Market
9.3.5.3.1 India Bone Graft Substitute Market by Type
9.3.5.3.2 India Bone Graft Substitute Market by Application
9.3.5.4 Japan Bone Graft Substitute Market
9.3.5.4.1 Japan Bone Graft Substitute Market by Type
9.3.5.4.2 Japan Bone Graft Substitute Market by Application
9.3.5.5 South Korea Bone Graft Substitute Market
9.3.5.5.1 South Korea Bone Graft Substitute Market by Type
9.3.5.5.2 South Korea Bone Graft Substitute Market by Application
9.3.5.6 Rest of Asia-Pacific Bone Graft Substitute Market
9.3.5.6.1 Rest of Asia-Pacific Bone Graft Substitute Market by Type
9.3.5.6.2 Rest of Asia-Pacific Bone Graft Substitute Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bone Graft Substitute Market Overview
9.4.2 Middle East and Africa Bone Graft Substitute Market Forecasts and Analysis
9.4.3 Middle East and Africa Bone Graft Substitute Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Bone Graft Substitute Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Bone Graft Substitute Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bone Graft Substitute Market
9.4.5.1.1 South Africa Bone Graft Substitute Market by Type
9.4.5.1.2 South Africa Bone Graft Substitute Market by Application
9.4.5.2 Saudi Arabia Bone Graft Substitute Market
9.4.5.2.1 Saudi Arabia Bone Graft Substitute Market by Type
9.4.5.2.2 Saudi Arabia Bone Graft Substitute Market by Application
9.4.5.3 U.A.E Bone Graft Substitute Market
9.4.5.3.1 U.A.E Bone Graft Substitute Market by Type
9.4.5.3.2 U.A.E Bone Graft Substitute Market by Application
9.4.5.4 Rest of Middle East and Africa Bone Graft Substitute Market
9.4.5.4.1 Rest of Middle East and Africa Bone Graft Substitute Market by Type
9.4.5.4.2 Rest of Middle East and Africa Bone Graft Substitute Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bone Graft Substitute Market Overview
9.5.2 South and Central America Bone Graft Substitute Market Forecasts and Analysis
9.5.3 South and Central America Bone Graft Substitute Market Forecasts and Analysis - By Type
9.5.4 South and Central America Bone Graft Substitute Market Forecasts and Analysis - By Application
9.5.5 South and Central America Bone Graft Substitute Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bone Graft Substitute Market
9.5.5.1.1 Brazil Bone Graft Substitute Market by Type
9.5.5.1.2 Brazil Bone Graft Substitute Market by Application
9.5.5.2 Argentina Bone Graft Substitute Market
9.5.5.2.1 Argentina Bone Graft Substitute Market by Type
9.5.5.2.2 Argentina Bone Graft Substitute Market by Application
9.5.5.3 Rest of South and Central America Bone Graft Substitute Market
9.5.5.3.1 Rest of South and Central America Bone Graft Substitute Market by Type
9.5.5.3.2 Rest of South and Central America Bone Graft Substitute Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL BONE GRAFT SUBSTITUTE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. BONE GRAFT SUBSTITUTE MARKET, KEY COMPANY PROFILES
12.1. ZIMMER BIOMET
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. STRYKER
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. MEDTRONIC
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. INSTITUT STRAUMANN AG
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. BIOHORIZONS
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. DENTSPLY SIRONA
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. BIOMATLANTE
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. ORTHOFIX MEDICAL INC.
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. DEPUY SYNTHES
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. BAXTER
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. Zimmer Biomet
2. Stryker
3. Medtronic
4. Institut Straumann AG
5. BioHorizons
6. Dentsply Sirona
7. Biomatlante
8. Orthofix Medical Inc.
9. DePuy Synthes
10. Baxter

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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