The Enteral Feeding Tube Market is expected to register a CAGR of 5.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Enteral Feeding Tube Market By Type ( Enterostomy Feeding Tubes, Nasoenteric Feeding Tubes, Oroenteric Feeding Tubes ); Age Group ( Adults, Pediatrics ); Application ( Oncology, Gastrointestinal Diseases, Neurological Disorders, Diabetes, Hypermetabolism, Other Applications ); End-User ( Hospitals, Home Care Settings, Ambulatory Care Settings ) ,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 ReportThe report Enteral Feeding Tube 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 Tube Market Segmentation
Type- Enterostomy Feeding Tubes
- Nasoenteric Feeding Tubes
- Oroenteric Feeding Tubes
- Adults
- Pediatrics
- Oncology
- Gastrointestinal Diseases
- Neurological Disorders
- Diabetes
- Hypermetabolism
- Other Applications
- Hospitals
- Home Care Settings
- Ambulatory Care Settings
Strategic Insights
Enteral Feeding Tube 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 tubes 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 tubes 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.
- 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.
- Mobility and Independence:Patients can continue to lead busy lives while receiving enteral nutrition thanks to portable 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 Tube 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 Tube 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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.
Frequently Asked Questions
In Europe, France held the third largest share in 2023.
Hospitals segment accounted for the largest share in 2023 and is expected to retain its dominance during the forecast period
North America held the largest share in 2023 and is expected to retain its dominance during the forecast period
The Enteral Feeding Tube Market is estimated to witness a CAGR of 5.1% from 2023 to 2031
Mobility and Independence
Rising Prevalence of chronic diseases
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 Tube - By Type
1.3.2 Enteral Feeding Tube - By Age Group
1.3.3 Enteral Feeding Tube - By Application
1.3.4 Enteral Feeding Tube - By End-User
1.3.5 Enteral Feeding Tube - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERAL FEEDING TUBE 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 TUBE - 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ENTERAL FEEDING TUBE - GLOBAL MARKET ANALYSIS
6.1. ENTERAL FEEDING TUBE - GLOBAL MARKET OVERVIEW
6.2. ENTERAL FEEDING TUBE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENTERAL FEEDING TUBE - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENTEROSTOMY FEEDING TUBES
7.3.1. Overview
7.3.2. Enterostomy Feeding Tubes Market Forecast and Analysis
7.4. NASOENTERIC FEEDING TUBES
7.4.1. Overview
7.4.2. Nasoenteric Feeding Tubes Market Forecast and Analysis
7.5. OROENTERIC FEEDING TUBES
7.5.1. Overview
7.5.2. Oroenteric Feeding Tubes Market Forecast and Analysis
8. ENTERAL FEEDING TUBE - REVENUE AND FORECASTS TO 2028 - AGE GROUP
8.1. OVERVIEW
8.2. AGE GROUP MARKET FORECASTS AND ANALYSIS
8.3. ADULTS
8.3.1. Overview
8.3.2. Adults Market Forecast and Analysis
8.4. PEDIATRICS
8.4.1. Overview
8.4.2. Pediatrics Market Forecast and Analysis
9. ENTERAL FEEDING TUBE - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ONCOLOGY
9.3.1. Overview
9.3.2. Oncology Market Forecast and Analysis
9.4. GASTROINTESTINAL DISEASES
9.4.1. Overview
9.4.2. Gastrointestinal Diseases Market Forecast and Analysis
9.5. NEUROLOGICAL DISORDERS
9.5.1. Overview
9.5.2. Neurological Disorders Market Forecast and Analysis
9.6. DIABETES
9.6.1. Overview
9.6.2. Diabetes Market Forecast and Analysis
9.7. HYPERMETABOLISM
9.7.1. Overview
9.7.2. Hypermetabolism Market Forecast and Analysis
9.8. OTHER APPLICATIONS
9.8.1. Overview
9.8.2. Other Applications Market Forecast and Analysis
10. ENTERAL FEEDING TUBE - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. HOME CARE SETTINGS
10.4.1. Overview
10.4.2. Home Care Settings Market Forecast and Analysis
10.5. AMBULATORY CARE SETTINGS
10.5.1. Overview
10.5.2. Ambulatory Care Settings Market Forecast and Analysis
11. ENTERAL FEEDING TUBE REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Enteral Feeding Tube Overview
11.1.2 North America Enteral Feeding Tube Forecasts and Analysis
11.1.3 North America Enteral Feeding Tube Forecasts and Analysis - By Type
11.1.4 North America Enteral Feeding Tube Forecasts and Analysis - By Age Group
11.1.5 North America Enteral Feeding Tube Forecasts and Analysis - By Application
11.1.6 North America Enteral Feeding Tube Forecasts and Analysis - By End-User
11.1.7 North America Enteral Feeding Tube Forecasts and Analysis - By Countries
11.1.7.1 United States Enteral Feeding Tube
11.1.7.1.1 United States Enteral Feeding Tube by Type
11.1.7.1.2 United States Enteral Feeding Tube by Age Group
11.1.7.1.3 United States Enteral Feeding Tube by Application
11.1.7.1.4 United States Enteral Feeding Tube by End-User
11.1.7.2 Canada Enteral Feeding Tube
11.1.7.2.1 Canada Enteral Feeding Tube by Type
11.1.7.2.2 Canada Enteral Feeding Tube by Age Group
11.1.7.2.3 Canada Enteral Feeding Tube by Application
11.1.7.2.4 Canada Enteral Feeding Tube by End-User
11.1.7.3 Mexico Enteral Feeding Tube
11.1.7.3.1 Mexico Enteral Feeding Tube by Type
11.1.7.3.2 Mexico Enteral Feeding Tube by Age Group
11.1.7.3.3 Mexico Enteral Feeding Tube by Application
11.1.7.3.4 Mexico Enteral Feeding Tube by End-User
11.2. EUROPE
11.2.1 Europe Enteral Feeding Tube Overview
11.2.2 Europe Enteral Feeding Tube Forecasts and Analysis
11.2.3 Europe Enteral Feeding Tube Forecasts and Analysis - By Type
11.2.4 Europe Enteral Feeding Tube Forecasts and Analysis - By Age Group
11.2.5 Europe Enteral Feeding Tube Forecasts and Analysis - By Application
11.2.6 Europe Enteral Feeding Tube Forecasts and Analysis - By End-User
11.2.7 Europe Enteral Feeding Tube Forecasts and Analysis - By Countries
11.2.7.1 Germany Enteral Feeding Tube
11.2.7.1.1 Germany Enteral Feeding Tube by Type
11.2.7.1.2 Germany Enteral Feeding Tube by Age Group
11.2.7.1.3 Germany Enteral Feeding Tube by Application
11.2.7.1.4 Germany Enteral Feeding Tube by End-User
11.2.7.2 France Enteral Feeding Tube
11.2.7.2.1 France Enteral Feeding Tube by Type
11.2.7.2.2 France Enteral Feeding Tube by Age Group
11.2.7.2.3 France Enteral Feeding Tube by Application
11.2.7.2.4 France Enteral Feeding Tube by End-User
11.2.7.3 Italy Enteral Feeding Tube
11.2.7.3.1 Italy Enteral Feeding Tube by Type
11.2.7.3.2 Italy Enteral Feeding Tube by Age Group
11.2.7.3.3 Italy Enteral Feeding Tube by Application
11.2.7.3.4 Italy Enteral Feeding Tube by End-User
11.2.7.4 Spain Enteral Feeding Tube
11.2.7.4.1 Spain Enteral Feeding Tube by Type
11.2.7.4.2 Spain Enteral Feeding Tube by Age Group
11.2.7.4.3 Spain Enteral Feeding Tube by Application
11.2.7.4.4 Spain Enteral Feeding Tube by End-User
11.2.7.5 United Kingdom Enteral Feeding Tube
11.2.7.5.1 United Kingdom Enteral Feeding Tube by Type
11.2.7.5.2 United Kingdom Enteral Feeding Tube by Age Group
11.2.7.5.3 United Kingdom Enteral Feeding Tube by Application
11.2.7.5.4 United Kingdom Enteral Feeding Tube by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Enteral Feeding Tube Overview
11.3.2 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis
11.3.3 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis - By Age Group
11.3.5 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific Enteral Feeding Tube Forecasts and Analysis - By Countries
11.3.7.1 Australia Enteral Feeding Tube
11.3.7.1.1 Australia Enteral Feeding Tube by Type
11.3.7.1.2 Australia Enteral Feeding Tube by Age Group
11.3.7.1.3 Australia Enteral Feeding Tube by Application
11.3.7.1.4 Australia Enteral Feeding Tube by End-User
11.3.7.2 China Enteral Feeding Tube
11.3.7.2.1 China Enteral Feeding Tube by Type
11.3.7.2.2 China Enteral Feeding Tube by Age Group
11.3.7.2.3 China Enteral Feeding Tube by Application
11.3.7.2.4 China Enteral Feeding Tube by End-User
11.3.7.3 India Enteral Feeding Tube
11.3.7.3.1 India Enteral Feeding Tube by Type
11.3.7.3.2 India Enteral Feeding Tube by Age Group
11.3.7.3.3 India Enteral Feeding Tube by Application
11.3.7.3.4 India Enteral Feeding Tube by End-User
11.3.7.4 Japan Enteral Feeding Tube
11.3.7.4.1 Japan Enteral Feeding Tube by Type
11.3.7.4.2 Japan Enteral Feeding Tube by Age Group
11.3.7.4.3 Japan Enteral Feeding Tube by Application
11.3.7.4.4 Japan Enteral Feeding Tube by End-User
11.3.7.5 South Korea Enteral Feeding Tube
11.3.7.5.1 South Korea Enteral Feeding Tube by Type
11.3.7.5.2 South Korea Enteral Feeding Tube by Age Group
11.3.7.5.3 South Korea Enteral Feeding Tube by Application
11.3.7.5.4 South Korea Enteral Feeding Tube by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Enteral Feeding Tube Overview
11.4.2 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis
11.4.3 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis - By Age Group
11.4.5 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa Enteral Feeding Tube Forecasts and Analysis - By Countries
11.4.7.1 South Africa Enteral Feeding Tube
11.4.7.1.1 South Africa Enteral Feeding Tube by Type
11.4.7.1.2 South Africa Enteral Feeding Tube by Age Group
11.4.7.1.3 South Africa Enteral Feeding Tube by Application
11.4.7.1.4 South Africa Enteral Feeding Tube by End-User
11.4.7.2 Saudi Arabia Enteral Feeding Tube
11.4.7.2.1 Saudi Arabia Enteral Feeding Tube by Type
11.4.7.2.2 Saudi Arabia Enteral Feeding Tube by Age Group
11.4.7.2.3 Saudi Arabia Enteral Feeding Tube by Application
11.4.7.2.4 Saudi Arabia Enteral Feeding Tube by End-User
11.4.7.3 U.A.E Enteral Feeding Tube
11.4.7.3.1 U.A.E Enteral Feeding Tube by Type
11.4.7.3.2 U.A.E Enteral Feeding Tube by Age Group
11.4.7.3.3 U.A.E Enteral Feeding Tube by Application
11.4.7.3.4 U.A.E Enteral Feeding Tube by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Enteral Feeding Tube Overview
11.5.2 South and Central America Enteral Feeding Tube Forecasts and Analysis
11.5.3 South and Central America Enteral Feeding Tube Forecasts and Analysis - By Type
11.5.4 South and Central America Enteral Feeding Tube Forecasts and Analysis - By Age Group
11.5.5 South and Central America Enteral Feeding Tube Forecasts and Analysis - By Application
11.5.6 South and Central America Enteral Feeding Tube Forecasts and Analysis - By End-User
11.5.7 South and Central America Enteral Feeding Tube Forecasts and Analysis - By Countries
11.5.7.1 Brazil Enteral Feeding Tube
11.5.7.1.1 Brazil Enteral Feeding Tube by Type
11.5.7.1.2 Brazil Enteral Feeding Tube by Age Group
11.5.7.1.3 Brazil Enteral Feeding Tube by Application
11.5.7.1.4 Brazil Enteral Feeding Tube by End-User
11.5.7.2 Argentina Enteral Feeding Tube
11.5.7.2.1 Argentina Enteral Feeding Tube by Type
11.5.7.2.2 Argentina Enteral Feeding Tube by Age Group
11.5.7.2.3 Argentina Enteral Feeding Tube by Application
11.5.7.2.4 Argentina Enteral Feeding Tube by End-User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ENTERAL FEEDING TUBE, KEY COMPANY PROFILES
13.1. FRESENIUS KABI
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. NESTLé S.A.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. DANONE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. B. BRAUN MELSUNGEN AG
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. AVANOS MEDICAL
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CARDINAL HEALTH, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MOOG, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. CONMED CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. COOK MEDICAL
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BECTON, DICKINSON AND COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
13.11. ABBOTT LABORATORIES
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
13.12. BOSTON SCIENTIFIC
13.12.1. Key Facts
13.12.2. Business Description
13.12.3. Products and Services
13.12.4. Financial Overview
13.12.5. SWOT Analysis
13.12.6. Key Developments
13.13. VYGON GROUP
13.13.1. Key Facts
13.13.2. Business Description
13.13.3. Products and Services
13.13.4. Financial Overview
13.13.5. SWOT Analysis
13.13.6. Key Developments
13.14. APPLIED MEDICAL TECHNOLOGY
13.14.1. Key Facts
13.14.2. Business Description
13.14.3. Products and Services
13.14.4. Financial Overview
13.14.5. SWOT Analysis
13.14.6. Key Developments
13.15. AMSINO INTERNATIONAL, INC.
13.15.1. Key Facts
13.15.2. Business Description
13.15.3. Products and Services
13.15.4. Financial Overview
13.15.5. SWOT Analysis
13.15.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Fresenius Kabi
2. Nestlé S.A.
3. Danone
4. B. Braun Melsungen Ag
5. Avanos Medical
6. Cardinal Health, Inc.
7. Moog, Inc.
8. CONMED Corporation
9. Cook Medical
10. Becton, Dickinson and Company
11. Abbott Laboratories
12. Boston Scientific
13. Vygon Group
14. Applied Medical Technology
15. Amsino International, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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