ECMO First Aid Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: ECMO First Aid Equipment Market covers analysis By Type (VA (Veno-Arterial) ECMO, and VV (Veno-Venous) ECMO); Application (Neonatal, Pediatric, and Adult), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00024172
  • Category : Life Sciences
  • No. of Pages : 150
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ECMO First Aid Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW

ECMO is extracorporeal membrane oxygenation. The ECMO machine is alike to the heart lung bypass equipment used in open heart surgery. It pumps and oxygenates a patient's blood outside the body, permitting the heart and lungs to rest. When the patient's body is connected to an ECMO, blood flows via tubing to an artificial lung in the equipment that adds oxygen and removes carbon dioxide. Then, the blood is heated to body temperature and pumped back into the body. There are two kinds of ECMO. The VA ECMO is attached to both a vein and an artery and is employed when there are issues with both the heart and lungs. The VV ECMO is connected to one or more veins, generally near the heart, and is employed when the problem is only in the lungs.

MARKET SCOPE

The "Global ECMO First Aid Equipment Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ECMO first aid equipment market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading ECMO first aid equipment market players and offers key trends and opportunities in the market.MARKET SEGMENTATION

  •  Based on type, the global ECMO first aid equipment market is segmented into va (veno-arterial) ecmo, vv (veno-venous) ecmo.
  •  On the basis of application, the market is segmented into neonatal, pediatric, adult.

MARKET DYNAMICS
Drivers:

  •  Rise in the incidences of cardiovascular and respiratory diseases.
  •  Rising adoption of ECMO in lung transplantation procedure.
  •  Growth in the numbers of surgeries.
  •  Rising geriatric population.
  •  Technological advancements in ECMO machine.
  •  Increasing ECMO centers.
  •  Growing awareness regarding ECMO machine.

Restraints:

  •  The certain risks associated with the ECMO is the major restraining factor for this market.

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 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 ECMO first aid equipment 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 ECMO first aid equipment market in these regions.

IMPACT OF COVID-19 ON ECMO FIRST AID EQUIPMENT 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 COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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MARKET PLAYERS


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 ECMO first aid equipment 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 ECMO first aid equipment market in these regions.

IMPACT OF COVID-19 ON ECMO FIRST AID EQUIPMENT 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 COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the ECMO first aid equipment 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 ECMO first aid equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for ECMO first aid equipment in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ECMO first aid equipment 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.
  •  Medtronic
  •  Maquet Holding
  •  Sorin Group
  •  Xenios AG
  •  ALung Technologies
  •  LivaNova
  •  Nipro
  •  Shanghai Microport Orthopedics
  •  Braile Biomedica
  •  Getinge Group
    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
    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

    This text is related
    to country scope.

    TABLE OF CONTENTS

    1. INTRODUCTION
    1.1. SCOPE OF THE STUDY
    1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3. MARKET SEGMENTATION
    1.3.1 ECMO First Aid Equipment Market - By Type
    1.3.2 ECMO First Aid Equipment Market - By Application
    1.3.3 ECMO First Aid Equipment Market - By Region
    1.3.3.1 By Country
    2. KEY TAKEAWAYS
    3. RESEARCH METHODOLOGY
    4. ECMO FIRST AID EQUIPMENT 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. ECMO FIRST AID EQUIPMENT 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. ECMO FIRST AID EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
    6.1. ECMO FIRST AID EQUIPMENT - GLOBAL MARKET OVERVIEW
    6.2. ECMO FIRST AID EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING
    7. ECMO FIRST AID EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
    7.1. OVERVIEW
    7.2. TYPE MARKET FORECASTS AND ANALYSIS
    7.3. VA (VENO-ARTERIAL) ECMO
    7.3.1. Overview
    7.3.2. VA (Veno-Arterial) ECMO Market Forecast and Analysis
    7.4. VV (VENO-VENOUS) ECMO
    7.4.1. Overview
    7.4.2. VV (Veno-Venous) ECMO Market Forecast and Analysis
    8. ECMO FIRST AID EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
    8.1. OVERVIEW
    8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
    8.3. NEONATAL
    8.3.1. Overview
    8.3.2. Neonatal Market Forecast and Analysis
    8.4. PEDIATRIC
    8.4.1. Overview
    8.4.2. Pediatric Market Forecast and Analysis
    8.5. ADULT
    8.5.1. Overview
    8.5.2. Adult Market Forecast and Analysis
    9. ECMO FIRST AID EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    9.1. NORTH AMERICA
    9.1.1 North America ECMO First Aid Equipment Market Overview
    9.1.2 North America ECMO First Aid Equipment Market Forecasts and Analysis
    9.1.3 North America ECMO First Aid Equipment Market Forecasts and Analysis - By Type
    9.1.4 North America ECMO First Aid Equipment Market Forecasts and Analysis - By Application
    9.1.5 North America ECMO First Aid Equipment Market Forecasts and Analysis - By Countries
    9.1.5.1 United States ECMO First Aid Equipment Market
    9.1.5.1.1 United States ECMO First Aid Equipment Market by Type
    9.1.5.1.2 United States ECMO First Aid Equipment Market by Application
    9.1.5.2 Canada ECMO First Aid Equipment Market
    9.1.5.2.1 Canada ECMO First Aid Equipment Market by Type
    9.1.5.2.2 Canada ECMO First Aid Equipment Market by Application
    9.1.5.3 Mexico ECMO First Aid Equipment Market
    9.1.5.3.1 Mexico ECMO First Aid Equipment Market by Type
    9.1.5.3.2 Mexico ECMO First Aid Equipment Market by Application
    9.2. EUROPE
    9.2.1 Europe ECMO First Aid Equipment Market Overview
    9.2.2 Europe ECMO First Aid Equipment Market Forecasts and Analysis
    9.2.3 Europe ECMO First Aid Equipment Market Forecasts and Analysis - By Type
    9.2.4 Europe ECMO First Aid Equipment Market Forecasts and Analysis - By Application
    9.2.5 Europe ECMO First Aid Equipment Market Forecasts and Analysis - By Countries
    9.2.5.1 Germany ECMO First Aid Equipment Market
    9.2.5.1.1 Germany ECMO First Aid Equipment Market by Type
    9.2.5.1.2 Germany ECMO First Aid Equipment Market by Application
    9.2.5.2 France ECMO First Aid Equipment Market
    9.2.5.2.1 France ECMO First Aid Equipment Market by Type
    9.2.5.2.2 France ECMO First Aid Equipment Market by Application
    9.2.5.3 Italy ECMO First Aid Equipment Market
    9.2.5.3.1 Italy ECMO First Aid Equipment Market by Type
    9.2.5.3.2 Italy ECMO First Aid Equipment Market by Application
    9.2.5.4 Spain ECMO First Aid Equipment Market
    9.2.5.4.1 Spain ECMO First Aid Equipment Market by Type
    9.2.5.4.2 Spain ECMO First Aid Equipment Market by Application
    9.2.5.5 United Kingdom ECMO First Aid Equipment Market
    9.2.5.5.1 United Kingdom ECMO First Aid Equipment Market by Type
    9.2.5.5.2 United Kingdom ECMO First Aid Equipment Market by Application
    9.2.5.6 Rest of Europe ECMO First Aid Equipment Market
    9.2.5.6.1 Rest of Europe ECMO First Aid Equipment Market by Type
    9.2.5.6.2 Rest of Europe ECMO First Aid Equipment Market by Application
    9.3. ASIA-PACIFIC
    9.3.1 Asia-Pacific ECMO First Aid Equipment Market Overview
    9.3.2 Asia-Pacific ECMO First Aid Equipment Market Forecasts and Analysis
    9.3.3 Asia-Pacific ECMO First Aid Equipment Market Forecasts and Analysis - By Type
    9.3.4 Asia-Pacific ECMO First Aid Equipment Market Forecasts and Analysis - By Application
    9.3.5 Asia-Pacific ECMO First Aid Equipment Market Forecasts and Analysis - By Countries
    9.3.5.1 Australia ECMO First Aid Equipment Market
    9.3.5.1.1 Australia ECMO First Aid Equipment Market by Type
    9.3.5.1.2 Australia ECMO First Aid Equipment Market by Application
    9.3.5.2 China ECMO First Aid Equipment Market
    9.3.5.2.1 China ECMO First Aid Equipment Market by Type
    9.3.5.2.2 China ECMO First Aid Equipment Market by Application
    9.3.5.3 India ECMO First Aid Equipment Market
    9.3.5.3.1 India ECMO First Aid Equipment Market by Type
    9.3.5.3.2 India ECMO First Aid Equipment Market by Application
    9.3.5.4 Japan ECMO First Aid Equipment Market
    9.3.5.4.1 Japan ECMO First Aid Equipment Market by Type
    9.3.5.4.2 Japan ECMO First Aid Equipment Market by Application
    9.3.5.5 South Korea ECMO First Aid Equipment Market
    9.3.5.5.1 South Korea ECMO First Aid Equipment Market by Type
    9.3.5.5.2 South Korea ECMO First Aid Equipment Market by Application
    9.3.5.6 Rest of Asia-Pacific ECMO First Aid Equipment Market
    9.3.5.6.1 Rest of Asia-Pacific ECMO First Aid Equipment Market by Type
    9.3.5.6.2 Rest of Asia-Pacific ECMO First Aid Equipment Market by Application
    9.4. MIDDLE EAST AND AFRICA
    9.4.1 Middle East and Africa ECMO First Aid Equipment Market Overview
    9.4.2 Middle East and Africa ECMO First Aid Equipment Market Forecasts and Analysis
    9.4.3 Middle East and Africa ECMO First Aid Equipment Market Forecasts and Analysis - By Type
    9.4.4 Middle East and Africa ECMO First Aid Equipment Market Forecasts and Analysis - By Application
    9.4.5 Middle East and Africa ECMO First Aid Equipment Market Forecasts and Analysis - By Countries
    9.4.5.1 South Africa ECMO First Aid Equipment Market
    9.4.5.1.1 South Africa ECMO First Aid Equipment Market by Type
    9.4.5.1.2 South Africa ECMO First Aid Equipment Market by Application
    9.4.5.2 Saudi Arabia ECMO First Aid Equipment Market
    9.4.5.2.1 Saudi Arabia ECMO First Aid Equipment Market by Type
    9.4.5.2.2 Saudi Arabia ECMO First Aid Equipment Market by Application
    9.4.5.3 U.A.E ECMO First Aid Equipment Market
    9.4.5.3.1 U.A.E ECMO First Aid Equipment Market by Type
    9.4.5.3.2 U.A.E ECMO First Aid Equipment Market by Application
    9.4.5.4 Rest of Middle East and Africa ECMO First Aid Equipment Market
    9.4.5.4.1 Rest of Middle East and Africa ECMO First Aid Equipment Market by Type
    9.4.5.4.2 Rest of Middle East and Africa ECMO First Aid Equipment Market by Application
    9.5. SOUTH AND CENTRAL AMERICA
    9.5.1 South and Central America ECMO First Aid Equipment Market Overview
    9.5.2 South and Central America ECMO First Aid Equipment Market Forecasts and Analysis
    9.5.3 South and Central America ECMO First Aid Equipment Market Forecasts and Analysis - By Type
    9.5.4 South and Central America ECMO First Aid Equipment Market Forecasts and Analysis - By Application
    9.5.5 South and Central America ECMO First Aid Equipment Market Forecasts and Analysis - By Countries
    9.5.5.1 Brazil ECMO First Aid Equipment Market
    9.5.5.1.1 Brazil ECMO First Aid Equipment Market by Type
    9.5.5.1.2 Brazil ECMO First Aid Equipment Market by Application
    9.5.5.2 Argentina ECMO First Aid Equipment Market
    9.5.5.2.1 Argentina ECMO First Aid Equipment Market by Type
    9.5.5.2.2 Argentina ECMO First Aid Equipment Market by Application
    9.5.5.3 Rest of South and Central America ECMO First Aid Equipment Market
    9.5.5.3.1 Rest of South and Central America ECMO First Aid Equipment Market by Type
    9.5.5.3.2 Rest of South and Central America ECMO First Aid Equipment Market by Application
    10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ECMO FIRST AID EQUIPMENT 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. ECMO FIRST AID EQUIPMENT MARKET, KEY COMPANY PROFILES
    12.1. MEDTRONIC
    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. MAQUET HOLDING
    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. SORIN GROUP
    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. XENIOS 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. ALUNG TECHNOLOGIES
    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. LIVANOVA
    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. NIPRO
    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. SHANGHAI MICROPORT ORTHOPEDICS
    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. BRAILE BIOMEDICA
    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. GETINGE GROUP
    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
    The List of Companies

    1. Medtronic
    2. Maquet Holding
    3. Sorin Group
    4. Xenios AG
    5. ALung Technologies
    6. LivaNova
    7. Nipro
    8. Shanghai Microport Orthopedics
    9. Braile Biomedica
    10. Getinge Group
    11. Terumo Corporation
    12. MicroPort Scientific Corporation
    13. OriGen Biomedical, Inc.
    14. EUROSETS S.r.l.

    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.

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    • 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:

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    • 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.

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