Enteral Feeding Administration Sets Market Opportunities, Forecast, Size, Competitive Analysis till 2031

Coverage: Enteral Feeding Administration Sets Market covers analysis By Order Type (Enteral Feeding Bag Sets, Enteral Feeding Pump Giving Sets, Enteral Feeding Tubes, Others); Application (Gastrostomy Feeding, Jejunostomy Feeding, Nasoenteric Feeding, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00025500
  • Category : Life Sciences
  • No. of Pages : 150
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Enteral Feeding Administration Sets Market [2021-2031] - Size, Share

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The Enteral Feeding Administration Sets Market is expected to register a CAGR of 6.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.

The report is segmented by Enteral Feeding Administration Sets Market By Order Type (Enteral Feeding Bag Sets, Enteral Feeding Pump Giving Sets, Enteral Feeding Tubes, Others); Application (Gastrostomy Feeding, Jejunostomy Feeding, Nasoenteric Feeding, Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Enteral Feeding Administration Sets 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.

Enteral Feeding Administration Sets Market Segmentation

By Order Type
  • Enteral Feeding Bag Sets
  • Enteral Feeding Pump Giving Sets
  • Enteral Feeding Tubes
  • Others
Application
  • Gastrostomy Feeding
  • Jejunostomy Feeding
  • Nasoenteric Feeding
  • Others

Strategic Insights

Enteral Feeding Administration Sets Market Growth Drivers
  • Rising Prevalence of chronic diseases: With more cases of chronic conditions like diabetes and gastrointestinal diseases, plus the growing numbers of obese people, it becomes imperative to monitor and manage these problems throughout their entire lifespan and often they face difficulties in swallowing food on their own. As a result, enteral feeding administration sets are used to pass food and to avoid any difficulties.
  • Rising Geriatric Population:According to the UN.org, the number of people aged 65 years or older worldwide is projected to more than double, rising from 761 million in 2021 to 1.6 billion in 2050. The number of people aged 80 years or older is growing even faster. Such a trend will drive the market of enteral feeding administration sets in the future years.
  • Adoption in Home Healthcare -Home enteral nutrition (HEN), which enables patients to get nutritional support in a more comfortable environment, is becoming more and more popular. Because of technological improvements that make gadgets more portable and user-friendly, this market is predicted to increase quickly.
Enteral Feeding Administration Sets Market Future Trends
  • Rising Demand Among Patients:Enteral feeding solutions are in greater demand in home care settings; approximately 344,000 Americans are estimated to be using HEN at this time. As more patients choose to get care in the comfort of their own homes—which is frequently viewed as more convenient and economical—this trend is anticipated to continue.
  • Rising Awareness: Wider acceptance of Home Based Enteral Nutrition (HEN) has resulted from patients' and healthcare providers' growing understanding of its advantages. This trend is being driven by research demonstrating the effectiveness of Home Based Enteral Nutrition (HEN) and educational programs, which in turn are pushing more providers to offer these services.
  • Reimbursement policies: The Home Based Enteral Nutrition (HEN) environment is also being shaped by modifications to regulatory frameworks and reimbursement rules. Patients at home may have better access to and affordability of enteral feeding devices as healthcare systems adjust to facilitate home-based treatment.
Enteral Feeding Administration Sets Market Opportunities
  • Mobility and Independence:Patients can continue to lead busy lives while receiving enteral nutrition thanks to portable enteral feeding pumps. These pumps let users to roam freely around their homes or even outside, in contrast to traditional systems that may require patients to remain attached to fixed equipment. Users can wear these pumps in a backpack or crossbody bag. For people living on HEN, this more mobility is essential to enhancing their quality of life.
  • User-friendly patterns and designs: Usability has been the main emphasis of recent improvements in the design of portable feeding pumps. Many contemporary pumps are quieter, lighter, and have user-friendly interfaces that make them easier to use for caregivers and patients alike. As an illustration, it has been demonstrated that patients can use the Mobility+ system with little to no training. More patients are using HEN as a result of its simplicity of usage.
  • Growing Investment trends:Investment by the public and private sectors has fuelled innovation in enteral feeding devices making designs more aesthetic, functions qualitative, and market presence more visible. Highly competitive environment with several participants who continue investing in R&D and driving continuous innovation in the offerings of products due to the focus of companies in establishing feeding tubes to fulfil specific medical needs of the patients suffering from complex diseases

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Enteral Feeding Administration Sets 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 Enteral Feeding Administration Sets 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
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Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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Frequently Asked Questions


Which application segment accounted the largest share in 2023?

Gastrostomy Feeding segment accounted for the largest share in 2023 and is expected to retain its dominance during the forecast period

Which region held the largest share in 2023?

North America held the largest share in 2023 and is expected to retain its dominance during the forecast period

What is the expected CAGR of the Enteral Feeding Administration Sets Market?

The Enteral Feeding Administration Sets Market is estimated to witness a CAGR of 6.2% from 2023 to 2031

Which country held the third largest share in Europe in 2023?

In Europe, France held the third largest share in 2023.

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 Enteral Feeding Administration Sets Market - By Order Type
1.3.2 Enteral Feeding Administration Sets Market - By Application
1.3.3 Enteral Feeding Administration Sets Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ENTERAL FEEDING ADMINISTRATION SETS 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. ENTERAL FEEDING ADMINISTRATION SETS 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. ENTERAL FEEDING ADMINISTRATION SETS MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERAL FEEDING ADMINISTRATION SETS - GLOBAL MARKET OVERVIEW
6.2. ENTERAL FEEDING ADMINISTRATION SETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ENTERAL FEEDING ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - ORDER TYPE
7.1. OVERVIEW
7.2. ORDER TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENTERAL FEEDING BAG SETS
7.3.1. Overview
7.3.2. Enteral Feeding Bag Sets Market Forecast and Analysis
7.4. ENTERAL FEEDING PUMP GIVING SETS
7.4.1. Overview
7.4.2. Enteral Feeding Pump Giving Sets Market Forecast and Analysis
7.5. ENTERAL FEEDING TUBES
7.5.1. Overview
7.5.2. Enteral Feeding Tubes Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ENTERAL FEEDING ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GASTROSTOMY FEEDING
8.3.1. Overview
8.3.2. Gastrostomy Feeding Market Forecast and Analysis
8.4. JEJUNOSTOMY FEEDING
8.4.1. Overview
8.4.2. Jejunostomy Feeding Market Forecast and Analysis
8.5. NASOENTERIC FEEDING
8.5.1. Overview
8.5.2. Nasoenteric Feeding Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. ENTERAL FEEDING ADMINISTRATION SETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Enteral Feeding Administration Sets Market Overview
9.1.2 North America Enteral Feeding Administration Sets Market Forecasts and Analysis
9.1.3 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.1.4 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.1.5 North America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Enteral Feeding Administration Sets Market
9.1.5.1.1 Canada Enteral Feeding Administration Sets Market by Order Type
9.1.5.1.2 Canada Enteral Feeding Administration Sets Market by Application
9.1.5.2 Mexico Enteral Feeding Administration Sets Market
9.1.5.2.1 Mexico Enteral Feeding Administration Sets Market by Order Type
9.1.5.2.2 Mexico Enteral Feeding Administration Sets Market by Application
9.1.5.3 US Enteral Feeding Administration Sets Market
9.1.5.3.1 US Enteral Feeding Administration Sets Market by Order Type
9.1.5.3.2 US Enteral Feeding Administration Sets Market by Application
9.2. EUROPE
9.2.1 Europe Enteral Feeding Administration Sets Market Overview
9.2.2 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis
9.2.3 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.2.4 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.2.5 Europe Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Enteral Feeding Administration Sets Market
9.2.5.1.1 Germany Enteral Feeding Administration Sets Market by Order Type
9.2.5.1.2 Germany Enteral Feeding Administration Sets Market by Application
9.2.5.2 France Enteral Feeding Administration Sets Market
9.2.5.2.1 France Enteral Feeding Administration Sets Market by Order Type
9.2.5.2.2 France Enteral Feeding Administration Sets Market by Application
9.2.5.3 Italy Enteral Feeding Administration Sets Market
9.2.5.3.1 Italy Enteral Feeding Administration Sets Market by Order Type
9.2.5.3.2 Italy Enteral Feeding Administration Sets Market by Application
9.2.5.4 Spain Enteral Feeding Administration Sets Market
9.2.5.4.1 Spain Enteral Feeding Administration Sets Market by Order Type
9.2.5.4.2 Spain Enteral Feeding Administration Sets Market by Application
9.2.5.5 United Kingdom Enteral Feeding Administration Sets Market
9.2.5.5.1 United Kingdom Enteral Feeding Administration Sets Market by Order Type
9.2.5.5.2 United Kingdom Enteral Feeding Administration Sets Market by Application
9.2.5.6 Rest of Europe Enteral Feeding Administration Sets Market
9.2.5.6.1 Rest of Europe Enteral Feeding Administration Sets Market by Order Type
9.2.5.6.2 Rest of Europe Enteral Feeding Administration Sets Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Enteral Feeding Administration Sets Market Overview
9.3.2 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis
9.3.3 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.3.4 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Enteral Feeding Administration Sets Market
9.3.5.1.1 Australia Enteral Feeding Administration Sets Market by Order Type
9.3.5.1.2 Australia Enteral Feeding Administration Sets Market by Application
9.3.5.2 China Enteral Feeding Administration Sets Market
9.3.5.2.1 China Enteral Feeding Administration Sets Market by Order Type
9.3.5.2.2 China Enteral Feeding Administration Sets Market by Application
9.3.5.3 India Enteral Feeding Administration Sets Market
9.3.5.3.1 India Enteral Feeding Administration Sets Market by Order Type
9.3.5.3.2 India Enteral Feeding Administration Sets Market by Application
9.3.5.4 Japan Enteral Feeding Administration Sets Market
9.3.5.4.1 Japan Enteral Feeding Administration Sets Market by Order Type
9.3.5.4.2 Japan Enteral Feeding Administration Sets Market by Application
9.3.5.5 South Korea Enteral Feeding Administration Sets Market
9.3.5.5.1 South Korea Enteral Feeding Administration Sets Market by Order Type
9.3.5.5.2 South Korea Enteral Feeding Administration Sets Market by Application
9.3.5.6 Rest of Asia-Pacific Enteral Feeding Administration Sets Market
9.3.5.6.1 Rest of Asia-Pacific Enteral Feeding Administration Sets Market by Order Type
9.3.5.6.2 Rest of Asia-Pacific Enteral Feeding Administration Sets Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Enteral Feeding Administration Sets Market Overview
9.4.2 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis
9.4.3 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.4.4 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Enteral Feeding Administration Sets Market
9.4.5.1.1 South Africa Enteral Feeding Administration Sets Market by Order Type
9.4.5.1.2 South Africa Enteral Feeding Administration Sets Market by Application
9.4.5.2 Saudi Arabia Enteral Feeding Administration Sets Market
9.4.5.2.1 Saudi Arabia Enteral Feeding Administration Sets Market by Order Type
9.4.5.2.2 Saudi Arabia Enteral Feeding Administration Sets Market by Application
9.4.5.3 U.A.E Enteral Feeding Administration Sets Market
9.4.5.3.1 U.A.E Enteral Feeding Administration Sets Market by Order Type
9.4.5.3.2 U.A.E Enteral Feeding Administration Sets Market by Application
9.4.5.4 Rest of Middle East and Africa Enteral Feeding Administration Sets Market
9.4.5.4.1 Rest of Middle East and Africa Enteral Feeding Administration Sets Market by Order Type
9.4.5.4.2 Rest of Middle East and Africa Enteral Feeding Administration Sets Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Enteral Feeding Administration Sets Market Overview
9.5.2 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis
9.5.3 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Order Type
9.5.4 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Application
9.5.5 South and Central America Enteral Feeding Administration Sets Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Enteral Feeding Administration Sets Market
9.5.5.1.1 Brazil Enteral Feeding Administration Sets Market by Order Type
9.5.5.1.2 Brazil Enteral Feeding Administration Sets Market by Application
9.5.5.2 Argentina Enteral Feeding Administration Sets Market
9.5.5.2.1 Argentina Enteral Feeding Administration Sets Market by Order Type
9.5.5.2.2 Argentina Enteral Feeding Administration Sets Market by Application
9.5.5.3 Rest of South and Central America Enteral Feeding Administration Sets Market
9.5.5.3.1 Rest of South and Central America Enteral Feeding Administration Sets Market by Order Type
9.5.5.3.2 Rest of South and Central America Enteral Feeding Administration Sets Market by Application

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. ENTERAL FEEDING ADMINISTRATION SETS MARKET, KEY COMPANY PROFILES
11.1. CARDINAL HEALTH
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. ABBOTT
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. BOSTON SCIENTIFIC
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. B. BRAUN
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. AVANOS MEDICAL
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. COOK MEDICAL
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. ALCOR SCIENTIFIC
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. FRESENIUS KABI
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. BD
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. NESTLE HEALTH SCIENCE
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
The List of Companies

1. Cardinal Health
2. Abbott
3. Boston Scientific
4. B. Braun
5. Avanos Medical
6. Cook Medical
7. Alcor Scientific
8. Fresenius Kabi
9. BD
10. Nestle Health Science

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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