Companion Animal Veterinary Products Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A companion-animal veterinarian may treat wounds, diagnose illnesses, perform surgery, administer vaccines, and prescribe medications. They also euthanize animals nearing the end of their lives. The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.
MARKET SCOPE
The "Global Companion Animal Veterinary Products Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the companion animal veterinary products market with detailed market segmentation by product type, animal type and geography. The report provides key statistics on the market status of the leading companion animal veterinary products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global companion animal veterinary products market is segmented into therapeutics and diagnostics.
- On the basis of animal type, the market is segmented into dogs, cats, other companion animals
Drivers-
- Increasing pet ownership rates.
- Increase in number of zoonotic & chronic diseases.
- Rising R&D and procedural advancements.
- Shortage of veterinarians.
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 companion animal veterinary products 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 marketduring 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 companion animal veterinary products market in these regions.
IMPACT OF COVID-19 ON COMPANION ANIMAL VETERINARY PRODUCTS 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The global outbreak of COVID-19 has impacted all the industries including veterinary medicine. Idexx along with other lead participants have already tested more than thousands of dogs and cats for the virus, with test results being negative. Pet parents are advised to keep a safe distance from their pets to maintain hygiene and reduce the risk of contamination. In a time of pandemic, we tend to maintain social distancing and avoid crowded areas and clustering, especially clinics or hospitals, to avoid the risk of infection.
With the rapid advancement of artificial intelligence and the emergence of fifth-generation (5G) mobile network, smartphone-based apps, telemedicine, and online consultations would likely gain popularity as a modality of innovative and supplementary medical service.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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 companion animal veterinary products 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 marketduring 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 companion animal veterinary products market in these regions.
IMPACT OF COVID-19 ON COMPANION ANIMAL VETERINARY PRODUCTS 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The global outbreak of COVID-19 has impacted all the industries including veterinary medicine. Idexx along with other lead participants have already tested more than thousands of dogs and cats for the virus, with test results being negative. Pet parents are advised to keep a safe distance from their pets to maintain hygiene and reduce the risk of contamination. In a time of pandemic, we tend to maintain social distancing and avoid crowded areas and clustering, especially clinics or hospitals, to avoid the risk of infection.
With the rapid advancement of artificial intelligence and the emergence of fifth-generation (5G) mobile network, smartphone-based apps, telemedicine, and online consultations would likely gain popularity as a modality of innovative and supplementary medical service.
MARKET PLAYERS
The report covers key developments in the companion animal veterinary products 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from companion animal veterinary products market are anticipated to lucrative growth opportunities in the future with the rising demand for companion animal veterinary products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the companion animal veterinary products 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.
- Bayer AG
- Elanco Animal Health
- Merck & Co.
- Merial
- Virbac
- Vetoquinol SA
- Zoetis Inc.
- Ceva Sante Animale
- Nutreco N.V.
- Boehringer Ingelheim GmbH
- 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 Companion Animal Veterinary Products Market - By Product Type
1.3.2 Companion Animal Veterinary Products Market - By Animal Type
1.3.3 Companion Animal Veterinary Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPANION ANIMAL VETERINARY PRODUCTS 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. COMPANION ANIMAL VETERINARY PRODUCTS 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. COMPANION ANIMAL VETERINARY PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPANION ANIMAL VETERINARY PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. COMPANION ANIMAL VETERINARY PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. COMPANION ANIMAL VETERINARY PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. THERAPEUTICS
7.3.1. Overview
7.3.2. Therapeutics Market Forecast and Analysis
7.3.3. Vaccines Market
7.3.3.1. Overview
7.3.3.2. Vaccines Market Forecast and Analysis
7.3.4. Parasiticides Market
7.3.4.1. Overview
7.3.4.2. Parasiticides Market Forecast and Analysis
7.3.5. Anti-Infectives Market
7.3.5.1. Overview
7.3.5.2. Anti-Infectives Market Forecast and Analysis
7.3.6. Medical Feed Additives Market
7.3.6.1. Overview
7.3.6.2. Medical Feed Additives Market Forecast and Analysis
7.3.7. Other Therapeutics Market
7.3.7.1. Overview
7.3.7.2. Other Therapeutics Market Forecast and Analysis
7.4. DIAGNOSTICS
7.4.1. Overview
7.4.2. Diagnostics Market Forecast and Analysis
7.4.3. Immunodiagnostic Tests Market
7.4.3.1. Overview
7.4.3.2. Immunodiagnostic Tests Market Forecast and Analysis
7.4.4. Molecular Diagnostics Market
7.4.4.1. Overview
7.4.4.2. Molecular Diagnostics Market Forecast and Analysis
7.4.5. Diagnostic Imaging Market
7.4.5.1. Overview
7.4.5.2. Diagnostic Imaging Market Forecast and Analysis
7.4.6. Other Diagnostics Market
7.4.6.1. Overview
7.4.6.2. Other Diagnostics Market Forecast and Analysis
8. COMPANION ANIMAL VETERINARY PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
8.1. OVERVIEW
8.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. DOGS
8.3.1. Overview
8.3.2. Dogs Market Forecast and Analysis
8.4. CATS
8.4.1. Overview
8.4.2. Cats Market Forecast and Analysis
8.5. OTHER
8.5.1. Overview
8.5.2. Other Market Forecast and Analysis
8.6. COMPANION ANIMALS
8.6.1. Overview
8.6.2. Companion Animals Market Forecast and Analysis
9. COMPANION ANIMAL VETERINARY PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Companion Animal Veterinary Products Market Overview
9.1.2 North America Companion Animal Veterinary Products Market Forecasts and Analysis
9.1.3 North America Companion Animal Veterinary Products Market Forecasts and Analysis - By Product Type
9.1.4 North America Companion Animal Veterinary Products Market Forecasts and Analysis - By Animal Type
9.1.5 North America Companion Animal Veterinary Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Companion Animal Veterinary Products Market
9.1.5.1.1 United States Companion Animal Veterinary Products Market by Product Type
9.1.5.1.2 United States Companion Animal Veterinary Products Market by Animal Type
9.1.5.2 Canada Companion Animal Veterinary Products Market
9.1.5.2.1 Canada Companion Animal Veterinary Products Market by Product Type
9.1.5.2.2 Canada Companion Animal Veterinary Products Market by Animal Type
9.1.5.3 Mexico Companion Animal Veterinary Products Market
9.1.5.3.1 Mexico Companion Animal Veterinary Products Market by Product Type
9.1.5.3.2 Mexico Companion Animal Veterinary Products Market by Animal Type
9.2. EUROPE
9.2.1 Europe Companion Animal Veterinary Products Market Overview
9.2.2 Europe Companion Animal Veterinary Products Market Forecasts and Analysis
9.2.3 Europe Companion Animal Veterinary Products Market Forecasts and Analysis - By Product Type
9.2.4 Europe Companion Animal Veterinary Products Market Forecasts and Analysis - By Animal Type
9.2.5 Europe Companion Animal Veterinary Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Companion Animal Veterinary Products Market
9.2.5.1.1 Germany Companion Animal Veterinary Products Market by Product Type
9.2.5.1.2 Germany Companion Animal Veterinary Products Market by Animal Type
9.2.5.2 France Companion Animal Veterinary Products Market
9.2.5.2.1 France Companion Animal Veterinary Products Market by Product Type
9.2.5.2.2 France Companion Animal Veterinary Products Market by Animal Type
9.2.5.3 Italy Companion Animal Veterinary Products Market
9.2.5.3.1 Italy Companion Animal Veterinary Products Market by Product Type
9.2.5.3.2 Italy Companion Animal Veterinary Products Market by Animal Type
9.2.5.4 Spain Companion Animal Veterinary Products Market
9.2.5.4.1 Spain Companion Animal Veterinary Products Market by Product Type
9.2.5.4.2 Spain Companion Animal Veterinary Products Market by Animal Type
9.2.5.5 United Kingdom Companion Animal Veterinary Products Market
9.2.5.5.1 United Kingdom Companion Animal Veterinary Products Market by Product Type
9.2.5.5.2 United Kingdom Companion Animal Veterinary Products Market by Animal Type
9.2.5.6 Rest of Europe Companion Animal Veterinary Products Market
9.2.5.6.1 Rest of Europe Companion Animal Veterinary Products Market by Product Type
9.2.5.6.2 Rest of Europe Companion Animal Veterinary Products Market by Animal Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Companion Animal Veterinary Products Market Overview
9.3.2 Asia-Pacific Companion Animal Veterinary Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Companion Animal Veterinary Products Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Companion Animal Veterinary Products Market Forecasts and Analysis - By Animal Type
9.3.5 Asia-Pacific Companion Animal Veterinary Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Companion Animal Veterinary Products Market
9.3.5.1.1 Australia Companion Animal Veterinary Products Market by Product Type
9.3.5.1.2 Australia Companion Animal Veterinary Products Market by Animal Type
9.3.5.2 China Companion Animal Veterinary Products Market
9.3.5.2.1 China Companion Animal Veterinary Products Market by Product Type
9.3.5.2.2 China Companion Animal Veterinary Products Market by Animal Type
9.3.5.3 India Companion Animal Veterinary Products Market
9.3.5.3.1 India Companion Animal Veterinary Products Market by Product Type
9.3.5.3.2 India Companion Animal Veterinary Products Market by Animal Type
9.3.5.4 Japan Companion Animal Veterinary Products Market
9.3.5.4.1 Japan Companion Animal Veterinary Products Market by Product Type
9.3.5.4.2 Japan Companion Animal Veterinary Products Market by Animal Type
9.3.5.5 South Korea Companion Animal Veterinary Products Market
9.3.5.5.1 South Korea Companion Animal Veterinary Products Market by Product Type
9.3.5.5.2 South Korea Companion Animal Veterinary Products Market by Animal Type
9.3.5.6 Rest of Asia-Pacific Companion Animal Veterinary Products Market
9.3.5.6.1 Rest of Asia-Pacific Companion Animal Veterinary Products Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Companion Animal Veterinary Products Market by Animal Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Companion Animal Veterinary Products Market Overview
9.4.2 Middle East and Africa Companion Animal Veterinary Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Companion Animal Veterinary Products Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Companion Animal Veterinary Products Market Forecasts and Analysis - By Animal Type
9.4.5 Middle East and Africa Companion Animal Veterinary Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Companion Animal Veterinary Products Market
9.4.5.1.1 South Africa Companion Animal Veterinary Products Market by Product Type
9.4.5.1.2 South Africa Companion Animal Veterinary Products Market by Animal Type
9.4.5.2 Saudi Arabia Companion Animal Veterinary Products Market
9.4.5.2.1 Saudi Arabia Companion Animal Veterinary Products Market by Product Type
9.4.5.2.2 Saudi Arabia Companion Animal Veterinary Products Market by Animal Type
9.4.5.3 U.A.E Companion Animal Veterinary Products Market
9.4.5.3.1 U.A.E Companion Animal Veterinary Products Market by Product Type
9.4.5.3.2 U.A.E Companion Animal Veterinary Products Market by Animal Type
9.4.5.4 Rest of Middle East and Africa Companion Animal Veterinary Products Market
9.4.5.4.1 Rest of Middle East and Africa Companion Animal Veterinary Products Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Companion Animal Veterinary Products Market by Animal Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Companion Animal Veterinary Products Market Overview
9.5.2 South and Central America Companion Animal Veterinary Products Market Forecasts and Analysis
9.5.3 South and Central America Companion Animal Veterinary Products Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Companion Animal Veterinary Products Market Forecasts and Analysis - By Animal Type
9.5.5 South and Central America Companion Animal Veterinary Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Companion Animal Veterinary Products Market
9.5.5.1.1 Brazil Companion Animal Veterinary Products Market by Product Type
9.5.5.1.2 Brazil Companion Animal Veterinary Products Market by Animal Type
9.5.5.2 Argentina Companion Animal Veterinary Products Market
9.5.5.2.1 Argentina Companion Animal Veterinary Products Market by Product Type
9.5.5.2.2 Argentina Companion Animal Veterinary Products Market by Animal Type
9.5.5.3 Rest of South and Central America Companion Animal Veterinary Products Market
9.5.5.3.1 Rest of South and Central America Companion Animal Veterinary Products Market by Product Type
9.5.5.3.2 Rest of South and Central America Companion Animal Veterinary Products Market by Animal Type
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL COMPANION ANIMAL VETERINARY PRODUCTS 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. COMPANION ANIMAL VETERINARY PRODUCTS MARKET, KEY COMPANY PROFILES
12.1. BAYER AG
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. ELANCO ANIMAL HEALTH
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. MERCK AND CO.
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. MERIAL
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. VIRBAC
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. VETOQUINOL SA
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. ZOETIS INC.
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. CEVA SANTE ANIMALE
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. NUTRECO N.V.
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. BOEHRINGER INGELHEIM GMBH
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
* Above given report scope is tentative, and may change during the study process as per the research requirement.
* List of companies provided under ‘Company Profile’ chapter is tentative and may change during the course of the study. This list is customizable as per the client requirements.
* Financial information would be provided only for the public companies.
1. Bayer AG
2. Elanco Animal Health
3. Merck & Co.
4. Merial
5. Virbac
6. Vetoquinol SA
7. Zoetis Inc.
8. Ceva Sante Animale
9. Nutreco N.V.
10. Boehringer Ingelheim GmbH
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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