The Cord Blood Banking Market is expected to register a CAGR of 7.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Cord Blood Banking market research report is segmented by type into the following subsegments: Private and Public. The report further provides an analysis based on services, i.e., Processing and Storage. The market is further segmented by application, i.e., Blood Disorders and End-use Hospitals. The report also includes a regional breakdown. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Cord Blood Banking 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.
Cord Blood Banking Market Segmentation
Type- Private
- Public
- Processing
- Storage
- Blood Disorders
- End-use Hospitals
- Research institutes
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Cord Blood Banking Market Growth Drivers- Advancements in Stem Cell Research and Technology: Innovations in stem cell research and technology have unlocked the potential of cord blood stem cells, significantly increasing interest in cord blood banking.
- Increased Awareness Among Parents: Growing awareness among parents about the medical benefits of cord blood banking is contributing to the rise in cord blood collection and storage.
- Favorable Government Regulations: Supportive government regulations and policies are fostering the growth of the cord blood banking market.
- Rising Demand for Regenerative Medicine: The increasing prevalence of chronic diseases and an aging population will drive demand for regenerative medicine therapies, including those derived from cord blood stem cells.
- Collaborations in Research: Accelerating development of new cord blood-based therapies through collaborations between academia, research organizations, and biotech companies will fuel industry growth.
- Market Expansion Opportunities: With emerging trends and ongoing advancements, there are substantial opportunities for industry participants to expand and innovate in the cord blood banking market.
- Increase in Awareness of Cord Blood Stem Cell Therapy: Growing awareness of the benefits of cord blood stem cell therapy offers significant potential for market expansion and attracting new customers.
- Advancements in Stem Cell Research and Technology: Progress in stem cell research and technology creates opportunities for innovative products and services, boosting the industry’s growth.
- Collaboration Between Research Institutes, Biotech Firms, and Health Service Providers: The partnership between research institutions, biotech companies, and health service providers accelerates the introduction of new therapies, supporting market expansion.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cord Blood Banking 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 Cord Blood Banking 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The leading players of the market are: Cord Blood Registry Systems, ATCC, CORDLIFE GROUP, Cord Blood America, Caladrius Biosciences, Cryo-Cell International, ViaCord, Esperite N.V., Smart Cells International, China Cord Blood Corporation
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The future scope of Cord Blood Banking is expected to grow to a greater extent. Stem cell research and technology advancement is unlocking new therapeutic applications of the cord blood stem cells, thus broadening the horizon of treatable diseases. Increasing awareness about the benefits of cord blood banking and supportive government regulations are further driving market growth. Also, innovative technologies related to artificial intelligence and machine learning can enhance efficiencies and accuracy in cord blood banking processes. With the demand for personalized medicine and regenerative therapies rising further in the market, Cord Blood Banking is well positioned for long-term growth and innovation.
Cord Blood Banking Market is expected to grow at a CAGR of 7.4% between 2023-2031
The key factors driving the Cord Blood Banking market are as follows. There has been an increased level of chronic diseases like cancers, diabetes, and autoimmune conditions among a population. Advances in the research and technology regarding stem cells have also expanded the range of applications for cord blood stem cells, making it one of the most hopeful therapeutic options. Thus, rising awareness among parents about the advantages of cord blood banking along with supportive government regulations is a further driver for the growth of this market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cord Blood Banking Market - By Type
1.3.2 Cord Blood Banking Market - By Services
1.3.3 Cord Blood Banking Market - By Application
1.3.4 Cord Blood Banking Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORD BLOOD BANKING 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. CORD BLOOD BANKING 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. CORD BLOOD BANKING MARKET - GLOBAL MARKET ANALYSIS
6.1. CORD BLOOD BANKING - GLOBAL MARKET OVERVIEW
6.2. CORD BLOOD BANKING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CORD BLOOD BANKING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PRIVATE
7.3.1. Overview
7.3.2. Private Market Forecast and Analysis
7.4. PUBLIC
7.4.1. Overview
7.4.2. Public Market Forecast and Analysis
8. CORD BLOOD BANKING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
8.1. OVERVIEW
8.2. SERVICES MARKET FORECASTS AND ANALYSIS
8.3. PROCESSING
8.3.1. Overview
8.3.2. Processing Market Forecast and Analysis
8.4. STORAGE
8.4.1. Overview
8.4.2. Storage Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. CORD BLOOD BANKING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BLOOD DISORDERS
9.3.1. Overview
9.3.2. Blood Disorders Market Forecast and Analysis
9.4. IMMUNO-DEFICIENCY DISORDERS
9.4.1. Overview
9.4.2. Immuno-deficiency disorders Market Forecast and Analysis
9.5. METABOLIC DISORDERS
9.5.1. Overview
9.5.2. Metabolic disorders Market Forecast and Analysis
9.6. CANCER
9.6.1. Overview
9.6.2. Cancer Market Forecast and Analysis
9.7. BONE MARROW FAILURE SYNDROME
9.7.1. Overview
9.7.2. Bone marrow failure syndrome Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. CORD BLOOD BANKING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cord Blood Banking Market Overview
10.1.2 North America Cord Blood Banking Market Forecasts and Analysis
10.1.3 North America Cord Blood Banking Market Forecasts and Analysis - By Type
10.1.4 North America Cord Blood Banking Market Forecasts and Analysis - By Services
10.1.5 North America Cord Blood Banking Market Forecasts and Analysis - By Application
10.1.6 North America Cord Blood Banking Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cord Blood Banking Market
10.1.6.1.1 United States Cord Blood Banking Market by Type
10.1.6.1.2 United States Cord Blood Banking Market by Services
10.1.6.1.3 United States Cord Blood Banking Market by Application
10.1.6.2 Canada Cord Blood Banking Market
10.1.6.2.1 Canada Cord Blood Banking Market by Type
10.1.6.2.2 Canada Cord Blood Banking Market by Services
10.1.6.2.3 Canada Cord Blood Banking Market by Application
10.1.6.3 Mexico Cord Blood Banking Market
10.1.6.3.1 Mexico Cord Blood Banking Market by Type
10.1.6.3.2 Mexico Cord Blood Banking Market by Services
10.1.6.3.3 Mexico Cord Blood Banking Market by Application
10.2. EUROPE
10.2.1 Europe Cord Blood Banking Market Overview
10.2.2 Europe Cord Blood Banking Market Forecasts and Analysis
10.2.3 Europe Cord Blood Banking Market Forecasts and Analysis - By Type
10.2.4 Europe Cord Blood Banking Market Forecasts and Analysis - By Services
10.2.5 Europe Cord Blood Banking Market Forecasts and Analysis - By Application
10.2.6 Europe Cord Blood Banking Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cord Blood Banking Market
10.2.6.1.1 Germany Cord Blood Banking Market by Type
10.2.6.1.2 Germany Cord Blood Banking Market by Services
10.2.6.1.3 Germany Cord Blood Banking Market by Application
10.2.6.2 France Cord Blood Banking Market
10.2.6.2.1 France Cord Blood Banking Market by Type
10.2.6.2.2 France Cord Blood Banking Market by Services
10.2.6.2.3 France Cord Blood Banking Market by Application
10.2.6.3 Italy Cord Blood Banking Market
10.2.6.3.1 Italy Cord Blood Banking Market by Type
10.2.6.3.2 Italy Cord Blood Banking Market by Services
10.2.6.3.3 Italy Cord Blood Banking Market by Application
10.2.6.4 Spain Cord Blood Banking Market
10.2.6.4.1 Spain Cord Blood Banking Market by Type
10.2.6.4.2 Spain Cord Blood Banking Market by Services
10.2.6.4.3 Spain Cord Blood Banking Market by Application
10.2.6.5 United Kingdom Cord Blood Banking Market
10.2.6.5.1 United Kingdom Cord Blood Banking Market by Type
10.2.6.5.2 United Kingdom Cord Blood Banking Market by Services
10.2.6.5.3 United Kingdom Cord Blood Banking Market by Application
10.2.6.6 Rest of Europe Cord Blood Banking Market
10.2.6.6.1 Rest of Europe Cord Blood Banking Market by Type
10.2.6.6.2 Rest of Europe Cord Blood Banking Market by Services
10.2.6.6.3 Rest of Europe Cord Blood Banking Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cord Blood Banking Market Overview
10.3.2 Asia-Pacific Cord Blood Banking Market Forecasts and Analysis
10.3.3 Asia-Pacific Cord Blood Banking Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Cord Blood Banking Market Forecasts and Analysis - By Services
10.3.5 Asia-Pacific Cord Blood Banking Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Cord Blood Banking Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cord Blood Banking Market
10.3.6.1.1 Australia Cord Blood Banking Market by Type
10.3.6.1.2 Australia Cord Blood Banking Market by Services
10.3.6.1.3 Australia Cord Blood Banking Market by Application
10.3.6.2 China Cord Blood Banking Market
10.3.6.2.1 China Cord Blood Banking Market by Type
10.3.6.2.2 China Cord Blood Banking Market by Services
10.3.6.2.3 China Cord Blood Banking Market by Application
10.3.6.3 India Cord Blood Banking Market
10.3.6.3.1 India Cord Blood Banking Market by Type
10.3.6.3.2 India Cord Blood Banking Market by Services
10.3.6.3.3 India Cord Blood Banking Market by Application
10.3.6.4 Japan Cord Blood Banking Market
10.3.6.4.1 Japan Cord Blood Banking Market by Type
10.3.6.4.2 Japan Cord Blood Banking Market by Services
10.3.6.4.3 Japan Cord Blood Banking Market by Application
10.3.6.5 South Korea Cord Blood Banking Market
10.3.6.5.1 South Korea Cord Blood Banking Market by Type
10.3.6.5.2 South Korea Cord Blood Banking Market by Services
10.3.6.5.3 South Korea Cord Blood Banking Market by Application
10.3.6.6 Rest of Asia-Pacific Cord Blood Banking Market
10.3.6.6.1 Rest of Asia-Pacific Cord Blood Banking Market by Type
10.3.6.6.2 Rest of Asia-Pacific Cord Blood Banking Market by Services
10.3.6.6.3 Rest of Asia-Pacific Cord Blood Banking Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cord Blood Banking Market Overview
10.4.2 Middle East and Africa Cord Blood Banking Market Forecasts and Analysis
10.4.3 Middle East and Africa Cord Blood Banking Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Cord Blood Banking Market Forecasts and Analysis - By Services
10.4.5 Middle East and Africa Cord Blood Banking Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Cord Blood Banking Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cord Blood Banking Market
10.4.6.1.1 South Africa Cord Blood Banking Market by Type
10.4.6.1.2 South Africa Cord Blood Banking Market by Services
10.4.6.1.3 South Africa Cord Blood Banking Market by Application
10.4.6.2 Saudi Arabia Cord Blood Banking Market
10.4.6.2.1 Saudi Arabia Cord Blood Banking Market by Type
10.4.6.2.2 Saudi Arabia Cord Blood Banking Market by Services
10.4.6.2.3 Saudi Arabia Cord Blood Banking Market by Application
10.4.6.3 U.A.E Cord Blood Banking Market
10.4.6.3.1 U.A.E Cord Blood Banking Market by Type
10.4.6.3.2 U.A.E Cord Blood Banking Market by Services
10.4.6.3.3 U.A.E Cord Blood Banking Market by Application
10.4.6.4 Rest of Middle East and Africa Cord Blood Banking Market
10.4.6.4.1 Rest of Middle East and Africa Cord Blood Banking Market by Type
10.4.6.4.2 Rest of Middle East and Africa Cord Blood Banking Market by Services
10.4.6.4.3 Rest of Middle East and Africa Cord Blood Banking Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cord Blood Banking Market Overview
10.5.2 South and Central America Cord Blood Banking Market Forecasts and Analysis
10.5.3 South and Central America Cord Blood Banking Market Forecasts and Analysis - By Type
10.5.4 South and Central America Cord Blood Banking Market Forecasts and Analysis - By Services
10.5.5 South and Central America Cord Blood Banking Market Forecasts and Analysis - By Application
10.5.6 South and Central America Cord Blood Banking Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cord Blood Banking Market
10.5.6.1.1 Brazil Cord Blood Banking Market by Type
10.5.6.1.2 Brazil Cord Blood Banking Market by Services
10.5.6.1.3 Brazil Cord Blood Banking Market by Application
10.5.6.2 Argentina Cord Blood Banking Market
10.5.6.2.1 Argentina Cord Blood Banking Market by Type
10.5.6.2.2 Argentina Cord Blood Banking Market by Services
10.5.6.2.3 Argentina Cord Blood Banking Market by Application
10.5.6.3 Rest of South and Central America Cord Blood Banking Market
10.5.6.3.1 Rest of South and Central America Cord Blood Banking Market by Type
10.5.6.3.2 Rest of South and Central America Cord Blood Banking Market by Services
10.5.6.3.3 Rest of South and Central America Cord Blood Banking Market by Application
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CORD BLOOD BANKING MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
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. CORD BLOOD BANKING MARKET, KEY COMPANY PROFILES
13.1. CORDLIFE INDIA
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. AMERICORD REGISTRY LLC
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. CBR SYSTEMS, INC
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. POLSKI BANK KOM
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. CRYO-SAVE AG
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. JEEVAN STEM CELL FOUNDATION
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. GLOBAL CORD BLOOD CORPORATION
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. LIFECELL
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. SINGAPORE CORD BLOOD BANK
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. VITA 34
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
1. Cord Blood Registry Systems
2. ATCC
3. CORDLIFE GROUP
4. Cord Blood America
5. Caladrius Biosciences
6. Cryo-Cell International
7. ViaCord
8. Esperite N.V.
9. Smart Cells International
10. China Cord Blood Corporation
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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