Cosmetic Dentistry Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Cosmetic dentistry refers to a dental service that focuses and improves the appearance of the mouth and the teeth. It is also called as aesthetic dentistry. The treatment involves teeth whitening, straightening, reshaping, and realignment. There are several other cosmetic dental services that includes cosmetic gum surgery, tooth contouring and reshaping, tooth colored fillings, composite bonding, dental implants, and inlays and onlays. It primarily focuses on the improvement of dental aesthetics in position, color, alignment, shape, size and overall smile appearance. These procedures enhance a patient's smile along with their personality.
MARKET SCOPE
The "Global Cosmetic Dentistry Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cosmetic dentistry market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading cosmetic dentistry market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global cosmetic dentistry market is segmented into dental systems and equipment, dental implants, dental bridges, dental crowns, dental veneers, dentures, orthodontic braces, bonding agents, and inlays and onlays.
- On the basis of end-users, the market is bifurcated into dental hospitals and clinics, dental laboratories and other.
MARKET DYNAMICS
Drivers
- Due to the growing consumer awareness, increasing significance of aesthetics, rising geriatric population and increasing prevalence of oral health disorders drive the cosmetic dentistry market.
- The initiatives taken by governments and companies, rising dental tourism and rising number of dental clinics and hospitals boost the market growth.
- With increase in research and development investments, development of technologically advanced solutions and various new products such as dental equipment and implant propel the market growth.
Restraints
- High cost of dental imaging systems.
- Lack of reimbursement for cosmetic procedures.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cosmetic dentistry market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cosmetic dentistry market in these regions.
IMPACT OF COVID-19 ON COSMETIC DENTISTRY MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Several dental procedures have been postponed or cancelled due to the COVID-19 pandemic. The outbreak reduced sales and resulted in a lack of dental care, except for the most extreme cases. Many dentists have preferred not to open their clinics, and instead opted for telemedicine. Dental personnel are at a higher risk for nosocomial infections and can act as a potential carriers of the disease. As dental interventions require handling of sharps, aerosol generation, and proximity of the doctor to the patient's mouth which can cause infection transmission. Moreover, if adequate precautionary measures are not taken, the clinic can potentially serve as a mode of cross-contamination. Although appointments were cancelled but the demand was still there hence the market is expected to rise at a steady pace in the forecast period.
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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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cosmetic dentistry market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cosmetic dentistry market in these regions.
IMPACT OF COVID-19 ON COSMETIC DENTISTRY MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Several dental procedures have been postponed or cancelled due to the COVID-19 pandemic. The outbreak reduced sales and resulted in a lack of dental care, except for the most extreme cases. Many dentists have preferred not to open their clinics, and instead opted for telemedicine. Dental personnel are at a higher risk for nosocomial infections and can act as a potential carriers of the disease. As dental interventions require handling of sharps, aerosol generation, and proximity of the doctor to the patient's mouth which can cause infection transmission. Moreover, if adequate precautionary measures are not taken, the clinic can potentially serve as a mode of cross-contamination. Although appointments were cancelled but the demand was still there hence the market is expected to rise at a steady pace in the forecast period.
MARKET PLAYERS
The report covers key developments in the cosmetic dentistry market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cosmetic dentistry market are anticipated to have lucrative growth opportunities in the future with the rising demand for cosmetic dentistry in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cosmetic dentistry 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.
- Henry Schein
- Danaher Corporation
- DENTSPLY Sirona
- Envista Holdings
- Align Technology, Inc.
- Straumann Holding AG
- 3M Company
- A-dec Inc.
- Planmeca Group
- Zimmer Biomet Holdings, 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.
- 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 Cosmetic Dentistry Market - By Product
1.3.2 Cosmetic Dentistry Market - By End-User
1.3.3 Cosmetic Dentistry Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COSMETIC DENTISTRY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. COSMETIC DENTISTRY 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. COSMETIC DENTISTRY MARKET - GLOBAL MARKET ANALYSIS
6.1. COSMETIC DENTISTRY - GLOBAL MARKET OVERVIEW
6.2. COSMETIC DENTISTRY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COSMETIC DENTISTRY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DENTAL SYSTEMS AND EQUIPMENT
7.3.1. Overview
7.3.2. Dental Systems and Equipment Market Forecast and Analysis
7.3.3. Instrument Delivery Systems Market
7.3.3.1. Overview
7.3.3.2. Instrument Delivery Systems Market Forecast and Analysis
7.3.4. Dental Chairs Market
7.3.4.1. Overview
7.3.4.2. Dental Chairs Market Forecast and Analysis
7.3.5. Dental Handpieces Market
7.3.5.1. Overview
7.3.5.2. Dental Handpieces Market Forecast and Analysis
7.3.6. Light Curing Equipment Market
7.3.6.1. Overview
7.3.6.2. Light Curing Equipment Market Forecast and Analysis
7.3.7. Dental Scaling Units Market
7.3.7.1. Overview
7.3.7.2. Dental Scaling Units Market Forecast and Analysis
7.3.8. Dental CAD/CAM Systems Market
7.3.8.1. Overview
7.3.8.2. Dental CAD/CAM Systems Market Forecast and Analysis
7.3.9. Dental Lasers Market
7.3.9.1. Overview
7.3.9.2. Dental Lasers Market Forecast and Analysis
7.3.10. Dental Radiology Equipment Market
7.3.10.1. Overview
7.3.10.2. Dental Radiology Equipment Market Forecast and Analysis
7.4. DENTAL IMPLANTS
7.4.1. Overview
7.4.2. Dental Implants Market Forecast and Analysis
7.4.3. Titanium Implants Market
7.4.3.1. Overview
7.4.3.2. Titanium Implants Market Forecast and Analysis
7.4.4. Zirconium Implants Market
7.4.4.1. Overview
7.4.4.2. Zirconium Implants Market Forecast and Analysis
7.5. DENTAL BRIDGES
7.5.1. Overview
7.5.2. Dental Bridges Market Forecast and Analysis
7.5.3. Traditional Bridges Market
7.5.3.1. Overview
7.5.3.2. Traditional Bridges Market Forecast and Analysis
7.5.4. Maryland Bridges Market
7.5.4.1. Overview
7.5.4.2. Maryland Bridges Market Forecast and Analysis
7.5.5. Cantilever Bridges Market
7.5.5.1. Overview
7.5.5.2. Cantilever Bridges Market Forecast and Analysis
7.6. DENTAL CROWNS
7.6.1. Overview
7.6.2. Dental Crowns Market Forecast and Analysis
7.7. DENTAL VENEERS
7.7.1. Overview
7.7.2. Dental Veneers Market Forecast and Analysis
7.8. DENTURES
7.8.1. Overview
7.8.2. Dentures Market Forecast and Analysis
7.8.3. Fixed Dentures Market
7.8.3.1. Overview
7.8.3.2. Fixed Dentures Market Forecast and Analysis
7.8.4. Removable Dentures Market
7.8.4.1. Overview
7.8.4.2. Removable Dentures Market Forecast and Analysis
7.9. ORTHODONTIC BRACES
7.9.1. Overview
7.9.2. Orthodontic Braces Market Forecast and Analysis
7.10. BONDING AGENTS
7.10.1. Overview
7.10.2. Bonding Agents Market Forecast and Analysis
7.11. INLAYS AND ONLAYS
7.11.1. Overview
7.11.2. Inlays and Onlays Market Forecast and Analysis
8. COSMETIC DENTISTRY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. DENTAL HOSPITALS AND CLINICS
8.3.1. Overview
8.3.2. Dental Hospitals and Clinics Market Forecast and Analysis
8.4. DENTAL LABORATORIES
8.4.1. Overview
8.4.2. Dental Laboratories Market Forecast and Analysis
8.5. OTHER
8.5.1. Overview
8.5.2. Other Market Forecast and Analysis
9. COSMETIC DENTISTRY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cosmetic Dentistry Market Overview
9.1.2 North America Cosmetic Dentistry Market Forecasts and Analysis
9.1.3 North America Cosmetic Dentistry Market Forecasts and Analysis - By Product
9.1.4 North America Cosmetic Dentistry Market Forecasts and Analysis - By End-User
9.1.5 North America Cosmetic Dentistry Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cosmetic Dentistry Market
9.1.5.1.1 Canada Cosmetic Dentistry Market by Product
9.1.5.1.2 Canada Cosmetic Dentistry Market by End-User
9.1.5.2 Mexico Cosmetic Dentistry Market
9.1.5.2.1 Mexico Cosmetic Dentistry Market by Product
9.1.5.2.2 Mexico Cosmetic Dentistry Market by End-User
9.1.5.3 US Cosmetic Dentistry Market
9.1.5.3.1 US Cosmetic Dentistry Market by Product
9.1.5.3.2 US Cosmetic Dentistry Market by End-User
9.2. EUROPE
9.2.1 Europe Cosmetic Dentistry Market Overview
9.2.2 Europe Cosmetic Dentistry Market Forecasts and Analysis
9.2.3 Europe Cosmetic Dentistry Market Forecasts and Analysis - By Product
9.2.4 Europe Cosmetic Dentistry Market Forecasts and Analysis - By End-User
9.2.5 Europe Cosmetic Dentistry Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cosmetic Dentistry Market
9.2.5.1.1 Germany Cosmetic Dentistry Market by Product
9.2.5.1.2 Germany Cosmetic Dentistry Market by End-User
9.2.5.2 France Cosmetic Dentistry Market
9.2.5.2.1 France Cosmetic Dentistry Market by Product
9.2.5.2.2 France Cosmetic Dentistry Market by End-User
9.2.5.3 Italy Cosmetic Dentistry Market
9.2.5.3.1 Italy Cosmetic Dentistry Market by Product
9.2.5.3.2 Italy Cosmetic Dentistry Market by End-User
9.2.5.4 Spain Cosmetic Dentistry Market
9.2.5.4.1 Spain Cosmetic Dentistry Market by Product
9.2.5.4.2 Spain Cosmetic Dentistry Market by End-User
9.2.5.5 United Kingdom Cosmetic Dentistry Market
9.2.5.5.1 United Kingdom Cosmetic Dentistry Market by Product
9.2.5.5.2 United Kingdom Cosmetic Dentistry Market by End-User
9.2.5.6 Rest of Europe Cosmetic Dentistry Market
9.2.5.6.1 Rest of Europe Cosmetic Dentistry Market by Product
9.2.5.6.2 Rest of Europe Cosmetic Dentistry Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cosmetic Dentistry Market Overview
9.3.2 Asia-Pacific Cosmetic Dentistry Market Forecasts and Analysis
9.3.3 Asia-Pacific Cosmetic Dentistry Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cosmetic Dentistry Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Cosmetic Dentistry Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cosmetic Dentistry Market
9.3.5.1.1 Australia Cosmetic Dentistry Market by Product
9.3.5.1.2 Australia Cosmetic Dentistry Market by End-User
9.3.5.2 China Cosmetic Dentistry Market
9.3.5.2.1 China Cosmetic Dentistry Market by Product
9.3.5.2.2 China Cosmetic Dentistry Market by End-User
9.3.5.3 India Cosmetic Dentistry Market
9.3.5.3.1 India Cosmetic Dentistry Market by Product
9.3.5.3.2 India Cosmetic Dentistry Market by End-User
9.3.5.4 Japan Cosmetic Dentistry Market
9.3.5.4.1 Japan Cosmetic Dentistry Market by Product
9.3.5.4.2 Japan Cosmetic Dentistry Market by End-User
9.3.5.5 South Korea Cosmetic Dentistry Market
9.3.5.5.1 South Korea Cosmetic Dentistry Market by Product
9.3.5.5.2 South Korea Cosmetic Dentistry Market by End-User
9.3.5.6 Rest of Asia-Pacific Cosmetic Dentistry Market
9.3.5.6.1 Rest of Asia-Pacific Cosmetic Dentistry Market by Product
9.3.5.6.2 Rest of Asia-Pacific Cosmetic Dentistry Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cosmetic Dentistry Market Overview
9.4.2 Middle East and Africa Cosmetic Dentistry Market Forecasts and Analysis
9.4.3 Middle East and Africa Cosmetic Dentistry Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cosmetic Dentistry Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Cosmetic Dentistry Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cosmetic Dentistry Market
9.4.5.1.1 South Africa Cosmetic Dentistry Market by Product
9.4.5.1.2 South Africa Cosmetic Dentistry Market by End-User
9.4.5.2 Saudi Arabia Cosmetic Dentistry Market
9.4.5.2.1 Saudi Arabia Cosmetic Dentistry Market by Product
9.4.5.2.2 Saudi Arabia Cosmetic Dentistry Market by End-User
9.4.5.3 U.A.E Cosmetic Dentistry Market
9.4.5.3.1 U.A.E Cosmetic Dentistry Market by Product
9.4.5.3.2 U.A.E Cosmetic Dentistry Market by End-User
9.4.5.4 Rest of Middle East and Africa Cosmetic Dentistry Market
9.4.5.4.1 Rest of Middle East and Africa Cosmetic Dentistry Market by Product
9.4.5.4.2 Rest of Middle East and Africa Cosmetic Dentistry Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cosmetic Dentistry Market Overview
9.5.2 South and Central America Cosmetic Dentistry Market Forecasts and Analysis
9.5.3 South and Central America Cosmetic Dentistry Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cosmetic Dentistry Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Cosmetic Dentistry Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cosmetic Dentistry Market
9.5.5.1.1 Brazil Cosmetic Dentistry Market by Product
9.5.5.1.2 Brazil Cosmetic Dentistry Market by End-User
9.5.5.2 Argentina Cosmetic Dentistry Market
9.5.5.2.1 Argentina Cosmetic Dentistry Market by Product
9.5.5.2.2 Argentina Cosmetic Dentistry Market by End-User
9.5.5.3 Rest of South and Central America Cosmetic Dentistry Market
9.5.5.3.1 Rest of South and Central America Cosmetic Dentistry Market by Product
9.5.5.3.2 Rest of South and Central America Cosmetic Dentistry Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COSMETIC DENTISTRY MARKET, KEY COMPANY PROFILES
11.1. HENRY SCHEIN
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DANAHER CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DENTSPLY SIRONA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENVISTA HOLDINGS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALIGN TECHNOLOGY, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. STRAUMANN HOLDING AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. 3M COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. A-DEC INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PLANMECA GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZIMMER BIOMET HOLDINGS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Henry Schein
2. Danaher Corporation
3. DENTSPLY Sirona
4. Envista Holdings
5. Align Technology, Inc.
6. Straumann Holding AG
7. 3M Company
8. A-dec Inc.
9. Planmeca Group
10. Zimmer Biomet Holdings, Inc.
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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