Enteral Feeding Devices for Neonatal Market Insights and Updates by 2031
The Enteral Feeding Devices for Neonatal Market is expected to register a CAGR of 6.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on Product Type (Enteral Feeding Pumps, Enteral Feeding Tubes, Consumables); End-user (Hospital, Home Use). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Enteral Feeding Devices for Neonatal 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 Devices for Neonatal Market Segmentation
Product Type- Enteral Feeding Pumps
- Enteral Feeding Tubes
- Consumables
- Hospital
- Home Use
Strategic Insights
Enteral Feeding Devices for Neonatal Market Growth Drivers- Innovative Technology Integration: The devices will require integration of new innovative technology in the market Neonatal enteral feeding device feeding systems that auto-regulate can feature sensors. Sensors with real-time monitoring capacities are safe as well as efficient. These can ensure the baby gets the right quantum of delivery based on nutrients needed without causing inherent complications in feedings.
- Increasing Premature Birth Rates: The other critical growth factor for the neonatal enteral feeding device market is the increasing rates of preterm births worldwide. Frequently, such babies are at risk and require specific nutritional support to survive. Consequently, they need more effective solutions for enteral feeding. Thus, with increasing requirements from healthcare providers to deliver better results for these fragile patients, the need for reliable, safe, and user-friendly feeding devices is ever-increasing in neonatal care settings.
- Growing Awareness of Nutritional Needs: Healthcare professionals and caregivers are increasingly aware of the nutritional needs of neonates, especially in critical care settings. The increasing awareness about the needs of neonates is what drives the demand for specialized enteral feeding devices designed to meet the unique needs of infants. The better education and training programs are also aimed at preparing staff with the necessary knowledge to apply these devices effectively, which would then improve the care and nutrition of neonatal patients.
- Personalization of Nutritional Solutions: One of the most important trends in the market of neonatal enteral feeding devices' functionality is personalized nutritional solution provision. The growing need to tailor feeding regimens to the specific needs of the neonates, especially the ones with specific medical conditions, has further stimulated the demand for modifications in enteral feeding devices to facilitate formula adaptation as well as nutrient delivery alteration resulting in improved health outcomes.
- Enhanced Safety Features: Enteral feeding devices have reengineered the neonatal market into a more user-friendly industry by adopting better preventive measures against any risk. The design of such devices has been focused on reduction of feeding errors and aspiration or wrong formula delivery complication. Anti-reflux systems and safe basics now to let caregivers feed with more confidence, thus reducing risks in neonatal feeding.
- Integration of Telehealth Solutions: The introduction of telehealth technology into enteral feeding practices is indeed emerging in the neonatal market. Telehealth allows the health provider to see in real-time from a different location the progression of feeding, nutrient intake, and potential complications. This also enhances care communication between the caregiver and the medical personnel and encourages early response, thus ensuring better overall management of neonatal nutrition and care.
- Expansion into Developing Markets: There exists a vast opportunity for enteral feeding devices in the neonatal industry, more especially within developing regions where healthcare is starting to gain better infrastructure. When more facilities become available to offer neonatal care, there should be an upsurge in demand for specific feeding solutions. Manufacturers could reap benefits by offering these enteral feeding devices affordably and reliably, targeted for these emerging markets.
- Collaboration with Healthcare Providers: Another potential opportunity is collaboration with healthcare providers and establishments. Manufacturers can collaborate with hospitals and neonatal care units in order to learn about some of the specific challenges within enteral feeding. That can lead to developing customized products and training programs, which enhance patient outcome and create long-term relationships with the healthcare community.
- Technological advances in device development: At this rate of technological advancements, there is a high chance of innovation in the creation of enteral feeding devices. With smart technology and data analytics, devices can be designed with the capability to enhance feeding accuracy but also monitor infant health metrics at real-time. This shall help companies position themselves as industry leaders in the neonatal market, increase sales and provide better care.
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 Devices for Neonatal 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 Devices for Neonatal Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Avanos Medical, Fresenius, Medela, Cardinal Health, Moog Medical Devices, Abbott Laboratories
Integration of Telehealth Solutions is likely to remain the key trend during the forecast period.
North America dominated the Enteral Feeding Devices for Neonatal Market in 2023
The market drivers include the Innovative Technology Integration, Increasing Premature Birth Rates, Growing Awareness of Nutritional Needs
Asia Pacific region is likely to witness the fastest growth rate during the forecast period.
The Enteral Feeding Devices for Neonatal Market is estimated to witness a CAGR of 6.7% from 2023 to 2031
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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