Enteral Feeding Devices for Neonatal Market SWOT Analysis by 2031
Enteral feeding also called as tube feeding is a method used to deliver nutrients through a tube, if a neonatal patient cannot swallow. Enteral feeding is generally a common practice among neonates and infants as they are unable to swallow food on their own .Neonatal enteral feeding devices are used for managing neonatal patients who have poor voluntary intake, chronic neurological or gut dysfunction. Enteral feeding is done using different tubes, depending on the condition and type of the patient; the health care providers decide on the best route for tube insertion.
MARKET SCOPE
The "Global Enteral Feeding Devices for Neonatal Market Analysis to 2031" 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 enteral feeding devices for neonatal market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading enteral feeding devices for neonatal market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global enteral feeding devices for neonatal market is segmented into enteral feeding pumps, enteral feeding tubes, and consumables.
- On the basis of end-users, the market is bifurcated into hospital, and home use.
MARKET DYNAMICS
Drivers
- Rising incidences of preterm births and increasing prevalence of chronic disorders in infants drive the enteral feeding devices for neonatal market.
- The rising new product launch and various technological advancements boosts the market growth.
- Increasing awareness of enteral nutrition, and improvements in healthcare facilities in emerging countries fuel the market growth.
Restraints
- Risk factors associated with enteral feeding.
- High cost of equipment.
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 enteral feeding devices for neonatal 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 enteral feeding devices for neonatal market in these regions.
IMPACT OF COVID-19 ON ENTERAL FEEDING DEVICES FOR NEONATAL 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. Due to the COVID-19 outbreak, the product manufacturing and supply chain has been disrupted. And as the number of cases are surging, it has led to the need to improve patient care and provide nutritional support to patients who are affected by the virus. It led to an increased adoption of enteral feeding devices like feeding tubes and administration sets in order to supply nutrition to the patient, which in turn is expected to favor market growth to a certain extent.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The enteral feeding devices for neonatal 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 enteral feeding devices for neonatal market in these regions.
IMPACT OF COVID-19 ON ENTERAL FEEDING DEVICES FOR NEONATAL 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. Due to the COVID-19 outbreak, the product manufacturing and supply chain has been disrupted. And as the number of cases are surging, it has led to the need to improve patient care and provide nutritional support to patients who are affected by the virus. It led to an increased adoption of enteral feeding devices like feeding tubes and administration sets in order to supply nutrition to the patient, which in turn is expected to favor market growth to a certain extent.
MARKET PLAYERS
The report covers key developments in the enteral feeding devices for neonatal 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 enteral feeding devices for neonatal market are anticipated to have lucrative growth opportunities in the future with the rising demand for enteral feeding devices for neonatal in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enteral feeding devices for neonatal 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.
- Avanos Medical
- Fresenius
- Medela
- Cardinal Health
- Moog Medical Devices
- Abbott Laboratories
- VYGON
- Neochild
- Applied Medical Technology
- Angiplast Pvt. Ltd
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 Enteral Feeding Devices For Neonatal Market - By Product Type
1.3.2 Enteral Feeding Devices For Neonatal Market - By End-user
1.3.3 Enteral Feeding Devices For Neonatal Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERAL FEEDING DEVICES FOR NEONATAL 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. ENTERAL FEEDING DEVICES FOR NEONATAL 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 DEVICES FOR NEONATAL MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERAL FEEDING DEVICES FOR NEONATAL - GLOBAL MARKET OVERVIEW
6.2. ENTERAL FEEDING DEVICES FOR NEONATAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENTERAL FEEDING DEVICES FOR NEONATAL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENTERAL FEEDING PUMPS
7.3.1. Overview
7.3.2. Enteral Feeding Pumps Market Forecast and Analysis
7.4. ENTERAL FEEDING TUBES
7.4.1. Overview
7.4.2. Enteral Feeding Tubes Market Forecast and Analysis
7.5. CONSUMABLES
7.5.1. Overview
7.5.2. Consumables Market Forecast and Analysis
8. ENTERAL FEEDING DEVICES FOR NEONATAL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. HOME USE
8.4.1. Overview
8.4.2. Home Use Market Forecast and Analysis
9. ENTERAL FEEDING DEVICES FOR NEONATAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Enteral Feeding Devices For Neonatal Market Overview
9.1.2 North America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis
9.1.3 North America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Product Type
9.1.4 North America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By End-user
9.1.5 North America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Enteral Feeding Devices For Neonatal Market
9.1.5.1.1 Canada Enteral Feeding Devices For Neonatal Market by Product Type
9.1.5.1.2 Canada Enteral Feeding Devices For Neonatal Market by End-user
9.1.5.2 Mexico Enteral Feeding Devices For Neonatal Market
9.1.5.2.1 Mexico Enteral Feeding Devices For Neonatal Market by Product Type
9.1.5.2.2 Mexico Enteral Feeding Devices For Neonatal Market by End-user
9.1.5.3 US Enteral Feeding Devices For Neonatal Market
9.1.5.3.1 US Enteral Feeding Devices For Neonatal Market by Product Type
9.1.5.3.2 US Enteral Feeding Devices For Neonatal Market by End-user
9.2. EUROPE
9.2.1 Europe Enteral Feeding Devices For Neonatal Market Overview
9.2.2 Europe Enteral Feeding Devices For Neonatal Market Forecasts and Analysis
9.2.3 Europe Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Product Type
9.2.4 Europe Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By End-user
9.2.5 Europe Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Enteral Feeding Devices For Neonatal Market
9.2.5.1.1 Germany Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.1.2 Germany Enteral Feeding Devices For Neonatal Market by End-user
9.2.5.2 France Enteral Feeding Devices For Neonatal Market
9.2.5.2.1 France Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.2.2 France Enteral Feeding Devices For Neonatal Market by End-user
9.2.5.3 Italy Enteral Feeding Devices For Neonatal Market
9.2.5.3.1 Italy Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.3.2 Italy Enteral Feeding Devices For Neonatal Market by End-user
9.2.5.4 Spain Enteral Feeding Devices For Neonatal Market
9.2.5.4.1 Spain Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.4.2 Spain Enteral Feeding Devices For Neonatal Market by End-user
9.2.5.5 United Kingdom Enteral Feeding Devices For Neonatal Market
9.2.5.5.1 United Kingdom Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.5.2 United Kingdom Enteral Feeding Devices For Neonatal Market by End-user
9.2.5.6 Rest of Europe Enteral Feeding Devices For Neonatal Market
9.2.5.6.1 Rest of Europe Enteral Feeding Devices For Neonatal Market by Product Type
9.2.5.6.2 Rest of Europe Enteral Feeding Devices For Neonatal Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Enteral Feeding Devices For Neonatal Market Overview
9.3.2 Asia-Pacific Enteral Feeding Devices For Neonatal Market Forecasts and Analysis
9.3.3 Asia-Pacific Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Enteral Feeding Devices For Neonatal Market
9.3.5.1.1 Australia Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.1.2 Australia Enteral Feeding Devices For Neonatal Market by End-user
9.3.5.2 China Enteral Feeding Devices For Neonatal Market
9.3.5.2.1 China Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.2.2 China Enteral Feeding Devices For Neonatal Market by End-user
9.3.5.3 India Enteral Feeding Devices For Neonatal Market
9.3.5.3.1 India Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.3.2 India Enteral Feeding Devices For Neonatal Market by End-user
9.3.5.4 Japan Enteral Feeding Devices For Neonatal Market
9.3.5.4.1 Japan Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.4.2 Japan Enteral Feeding Devices For Neonatal Market by End-user
9.3.5.5 South Korea Enteral Feeding Devices For Neonatal Market
9.3.5.5.1 South Korea Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.5.2 South Korea Enteral Feeding Devices For Neonatal Market by End-user
9.3.5.6 Rest of Asia-Pacific Enteral Feeding Devices For Neonatal Market
9.3.5.6.1 Rest of Asia-Pacific Enteral Feeding Devices For Neonatal Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Enteral Feeding Devices For Neonatal Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Enteral Feeding Devices For Neonatal Market Overview
9.4.2 Middle East and Africa Enteral Feeding Devices For Neonatal Market Forecasts and Analysis
9.4.3 Middle East and Africa Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Enteral Feeding Devices For Neonatal Market
9.4.5.1.1 South Africa Enteral Feeding Devices For Neonatal Market by Product Type
9.4.5.1.2 South Africa Enteral Feeding Devices For Neonatal Market by End-user
9.4.5.2 Saudi Arabia Enteral Feeding Devices For Neonatal Market
9.4.5.2.1 Saudi Arabia Enteral Feeding Devices For Neonatal Market by Product Type
9.4.5.2.2 Saudi Arabia Enteral Feeding Devices For Neonatal Market by End-user
9.4.5.3 U.A.E Enteral Feeding Devices For Neonatal Market
9.4.5.3.1 U.A.E Enteral Feeding Devices For Neonatal Market by Product Type
9.4.5.3.2 U.A.E Enteral Feeding Devices For Neonatal Market by End-user
9.4.5.4 Rest of Middle East and Africa Enteral Feeding Devices For Neonatal Market
9.4.5.4.1 Rest of Middle East and Africa Enteral Feeding Devices For Neonatal Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Enteral Feeding Devices For Neonatal Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Enteral Feeding Devices For Neonatal Market Overview
9.5.2 South and Central America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis
9.5.3 South and Central America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Enteral Feeding Devices For Neonatal Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Enteral Feeding Devices For Neonatal Market
9.5.5.1.1 Brazil Enteral Feeding Devices For Neonatal Market by Product Type
9.5.5.1.2 Brazil Enteral Feeding Devices For Neonatal Market by End-user
9.5.5.2 Argentina Enteral Feeding Devices For Neonatal Market
9.5.5.2.1 Argentina Enteral Feeding Devices For Neonatal Market by Product Type
9.5.5.2.2 Argentina Enteral Feeding Devices For Neonatal Market by End-user
9.5.5.3 Rest of South and Central America Enteral Feeding Devices For Neonatal Market
9.5.5.3.1 Rest of South and Central America Enteral Feeding Devices For Neonatal Market by Product Type
9.5.5.3.2 Rest of South and Central America Enteral Feeding Devices For Neonatal 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. ENTERAL FEEDING DEVICES FOR NEONATAL MARKET, KEY COMPANY PROFILES
11.1. AVANOS MEDICAL
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. FRESENIUS
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. MEDELA
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. CARDINAL HEALTH
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. MOOG MEDICAL DEVICES
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. ABBOTT LABORATORIES
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. VYGON
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. NEOCHILD
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. APPLIED MEDICAL TECHNOLOGY
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. ANGIPLAST PVT. LTD.
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. Avanos Medical
2. Fresenius
3. Medela
4. Cardinal Health
5. Moog Medical Devices
6. Abbott Laboratories
7. VYGON
8. Neochild
9. Applied Medical Technology
10. Angiplast Pvt. Ltd.
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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