Enteric Disease Testing Market Trends, Size and Forecast (2021-2031)
The Enteric Disease Testing Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Enteric Disease Testing Market report covers analysis By Type, Disease Indication, and End User. 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 Enteric Disease Testing 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.
Enteric Disease Testing Market Segmentation
Type- Immunoassay Testing
- Conventional Testing
- Molecular Diagnostic Testing
- Bacteria Enteric Disease
- Viral Enteric Disease
- Parasitic Enteric Disease
- Hospitals
- Research Labs
- Diagnostic Laboratories
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Enteric Disease Testing Market Growth Drivers- Prevalence of Enteric Diseases Fuels Market: The increasing prevalence of enteric diseases worldwide, including bacterial, viral, and parasitic infections, significantly fuels the Enteric Disease Testing Market size. The timely diagnosis and prevention have favored Enteric Disease Testing Market growth, especially in areas with a lack of sanitation. Growing awareness and several initiatives taken by governments to control these diseases further add to the Enteric Disease Testing Market share. This is reflected in various reports and market analyses, insisting on strong testing solutions given increasing demand.
- Innovation in Enteric Disease Diagnostics: Some factors contributing to market growth in enteric disease testing include continuous innovation in diagnostic technologies, such as multiplex molecular diagnostics and PCR-based testing. These developments ensure more accurate, rapid, and cost-effective detection, adding to the trends in the market. Indeed, enhanced testing solutions have increased market size by offering valued, timely results, thus becoming attractive for healthcare facilities and laboratories, as seen from Enteric Disease Testing Market overviews and reports talking about technological impacts on market share.
- Rising Healthcare Investment Supports Growth: Increasing healthcare expenditure around the world, more so in developing economies, is among the key factors that contribute to the growth of the enteric disease testing market. One of the latest market analyses fuelling the growth of the market is growing investment in healthcare infrastructure, such as laboratories and diagnostic facilities. As countries invest in improving diagnostic capabilities as a way of tackling the outbreaks, market trends paint a picture of increased demand for testing solutions, which in turn has a positive effect on market share and size.
- POC Testing Gains Market Advantage: POC testing has gained a leading edge in changing market dynamics due to the availability of rapid, on-site results for enteric diseases. This is underpinned by technology advancement offering accurate and user-friendly solutions that enable key players to further tap varied market segments. SWOT analysis indicates strong opportunities on one hand, yet challenges on the other. Enteric Disease Testing Market strategies by leading companies also reflect increased investments in POC solutions. The PEST analysis confirms this trend to be supported by regulatory frameworks, thus encouraging sustained market growth and forecast expansion.
- Rapid Adoption of Multiplex Diagnostics: The Enteric Disease Testing Market forecast for enteric disease testing has hence indicated rapid adoption of multiplex molecular diagnostics, which can identify multiple pathogens in one test. The trend, therefore, increases the competitive advantage in this market with better dynamics from the perspective of diagnostic accuracy. Key market players tap into new technologies to drive new strategies for effective disease management. Market strategies point towards a greater focus on R&D related to multiplex assays, while the SWOT analysis underlines the cost and operational efficiencies that relate to shaping this trend in the market.
- Preventive Healthcare Drives Market Expansion: The value of preventive health care thus brings several preventative and epidemiological applications to the fore in the enteric disease testing market. Key Enteric Disease Testing Market players, on the other hand, are tightening their market strategies to answer the increasing demands for proactive solutions in testing. Market analysis indicates that there is an emphasis on early detection to reduce the spread of outbreaks. PEST analysis shows that policies are favorable, promoting preventive health care initiatives. Market dynamics indicate long-term growth as health systems around the world prioritize such strategies in market forecasts.
- Emerging Economies Fuel Market Growth: The share of geographical regions in emerging economies, particularly those in Asia-Pacific and Latin America, reflects the potential for high growth opportunities in the market. As the health infrastructure in these geographies has continued to improve over time, their respective industry landscapes have reflected potential expansion driven by competitive Enteric Disease Testing Market analysis. By targeting these regions, companies can explore undeveloped shares of the market and find their way to growth opportunities in these regions through localized strategy refinement. Indeed, the market dynamics in these regions reflect a surge in demand for diagnostic capabilities and offer healthy prospects for growth that are sustainable in the industry.
- Personalized Medicine Elevates Testing Opportunities: Personalized medicine approaches are considered to raise the growth opportunity in the global enteric disease testing market. It is a trend mainly related to diagnostics and treatments concerning personalized patient needs and, therefore, enhances the competitive scenario of the market. Companies will be able to build a strategic position in the industry landscape with precise testing solutions developed for specific tailoring. Competitive analysis underlines leading players innovating in this space, while Enteric Disease Testing Market dynamics favoring personalized healthcare align with growth opportunities, especially in North America and other developed regions.
- Government Initiatives Enhance Market Access: The growth opportunities in the enteric disease testing market open up with government initiatives and public-private partnerships. These partnerships shall further develop, and enhance access to diagnostics and better infrastructure for innovations in disease testing. Thus, competitive analysis shows that players gain by creating opportunities that translate into better market coverage and standing. Hence, these are distinct industry outlooks in geography-specific markets, particularly for North America and Europe, placing them well to capitalize on the growing demand and strategically expand within the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Enteric Disease Testing 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 Enteric Disease Testing 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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Frequently Asked Questions
The Enteric Disease Testing Market is estimated to witness a CAGR of 5.5% from 2023 to 2031.
The major factors driving the Enteric Disease Testing Market are: Increasing Incidence of Enteric Diseases, Technological Advancements in Diagnostic Testing, and Growing Healthcare Expenditure
Key future trends in this market are - Rising Demand for Point-of-Care Testing, Adoption of Multiplex Molecular Diagnostics, and Focus on Preventive Healthcare and Epidemiology
Key companies of this market are - Alere Inc, BD, Bio Rad Laboratories, Biomerica Inc, Cepheid, Coris Bioconcept, Diasorin, Meridian Biosceinces, Quest Diagnostics
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Enteric Disease Testing Market - By Type
1.3.2 Enteric Disease Testing Market - By Disease indication
1.3.3 Enteric Disease Testing Market - By End User
1.3.4 Enteric Disease Testing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERIC DISEASE TESTING 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. ENTERIC DISEASE TESTING 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. ENTERIC DISEASE TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERIC DISEASE TESTING - GLOBAL MARKET OVERVIEW
6.2. ENTERIC DISEASE TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ENTERIC DISEASE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMMUNOASSAY TESTING
7.3.1. Overview
7.3.2. Immunoassay Testing Market Forecast and Analysis
7.4. CONVENTIONAL TESTING
7.4.1. Overview
7.4.2. Conventional Testing Market Forecast and Analysis
7.5. MOLECULAR DIAGNOSTIC TESTING
7.5.1. Overview
7.5.2. Molecular Diagnostic Testing Market Forecast and Analysis
8. ENTERIC DISEASE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - DISEASE INDICATION
8.1. OVERVIEW
8.2. DISEASE INDICATION MARKET FORECASTS AND ANALYSIS
8.3. BACTERIA ENTERIC DISEASE
8.3.1. Overview
8.3.2. Bacteria Enteric Disease Market Forecast and Analysis
8.4. VIRAL ENTERIC DISEASE
8.4.1. Overview
8.4.2. Viral Enteric Disease Market Forecast and Analysis
8.5. PARASITIC ENTERIC DISEASE
8.5.1. Overview
8.5.2. Parasitic Enteric Disease Market Forecast and Analysis
9. ENTERIC DISEASE TESTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. RESEARCH LABS
9.4.1. Overview
9.4.2. Research Labs Market Forecast and Analysis
9.5. DIAGNOSTIC LABORATORIES
9.5.1. Overview
9.5.2. Diagnostic Laboratories Market Forecast and Analysis
10. ENTERIC DISEASE TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Enteric Disease Testing Market Overview
10.1.2 North America Enteric Disease Testing Market Forecasts and Analysis
10.1.3 North America Enteric Disease Testing Market Forecasts and Analysis - By Type
10.1.4 North America Enteric Disease Testing Market Forecasts and Analysis - By Disease indication
10.1.5 North America Enteric Disease Testing Market Forecasts and Analysis - By End User
10.1.6 North America Enteric Disease Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Enteric Disease Testing Market
10.1.6.1.1 United States Enteric Disease Testing Market by Type
10.1.6.1.2 United States Enteric Disease Testing Market by Disease indication
10.1.6.1.3 United States Enteric Disease Testing Market by End User
10.1.6.2 Canada Enteric Disease Testing Market
10.1.6.2.1 Canada Enteric Disease Testing Market by Type
10.1.6.2.2 Canada Enteric Disease Testing Market by Disease indication
10.1.6.2.3 Canada Enteric Disease Testing Market by End User
10.1.6.3 Mexico Enteric Disease Testing Market
10.1.6.3.1 Mexico Enteric Disease Testing Market by Type
10.1.6.3.2 Mexico Enteric Disease Testing Market by Disease indication
10.1.6.3.3 Mexico Enteric Disease Testing Market by End User
10.1.6.4 US Enteric Disease Testing Market
10.1.6.4.1 US Enteric Disease Testing Market by Type
10.1.6.4.2 US Enteric Disease Testing Market by Disease indication
10.1.6.4.3 US Enteric Disease Testing Market by End User
10.2. EUROPE
10.2.1 Europe Enteric Disease Testing Market Overview
10.2.2 Europe Enteric Disease Testing Market Forecasts and Analysis
10.2.3 Europe Enteric Disease Testing Market Forecasts and Analysis - By Type
10.2.4 Europe Enteric Disease Testing Market Forecasts and Analysis - By Disease indication
10.2.5 Europe Enteric Disease Testing Market Forecasts and Analysis - By End User
10.2.6 Europe Enteric Disease Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Enteric Disease Testing Market
10.2.6.1.1 Germany Enteric Disease Testing Market by Type
10.2.6.1.2 Germany Enteric Disease Testing Market by Disease indication
10.2.6.1.3 Germany Enteric Disease Testing Market by End User
10.2.6.2 France Enteric Disease Testing Market
10.2.6.2.1 France Enteric Disease Testing Market by Type
10.2.6.2.2 France Enteric Disease Testing Market by Disease indication
10.2.6.2.3 France Enteric Disease Testing Market by End User
10.2.6.3 Italy Enteric Disease Testing Market
10.2.6.3.1 Italy Enteric Disease Testing Market by Type
10.2.6.3.2 Italy Enteric Disease Testing Market by Disease indication
10.2.6.3.3 Italy Enteric Disease Testing Market by End User
10.2.6.4 Spain Enteric Disease Testing Market
10.2.6.4.1 Spain Enteric Disease Testing Market by Type
10.2.6.4.2 Spain Enteric Disease Testing Market by Disease indication
10.2.6.4.3 Spain Enteric Disease Testing Market by End User
10.2.6.5 United Kingdom Enteric Disease Testing Market
10.2.6.5.1 United Kingdom Enteric Disease Testing Market by Type
10.2.6.5.2 United Kingdom Enteric Disease Testing Market by Disease indication
10.2.6.5.3 United Kingdom Enteric Disease Testing Market by End User
10.2.6.6 Rest of Europe Enteric Disease Testing Market
10.2.6.6.1 Rest of Europe Enteric Disease Testing Market by Type
10.2.6.6.2 Rest of Europe Enteric Disease Testing Market by Disease indication
10.2.6.6.3 Rest of Europe Enteric Disease Testing Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Enteric Disease Testing Market Overview
10.3.2 Asia-Pacific Enteric Disease Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Enteric Disease Testing Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Enteric Disease Testing Market Forecasts and Analysis - By Disease indication
10.3.5 Asia-Pacific Enteric Disease Testing Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Enteric Disease Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Enteric Disease Testing Market
10.3.6.1.1 Australia Enteric Disease Testing Market by Type
10.3.6.1.2 Australia Enteric Disease Testing Market by Disease indication
10.3.6.1.3 Australia Enteric Disease Testing Market by End User
10.3.6.2 China Enteric Disease Testing Market
10.3.6.2.1 China Enteric Disease Testing Market by Type
10.3.6.2.2 China Enteric Disease Testing Market by Disease indication
10.3.6.2.3 China Enteric Disease Testing Market by End User
10.3.6.3 India Enteric Disease Testing Market
10.3.6.3.1 India Enteric Disease Testing Market by Type
10.3.6.3.2 India Enteric Disease Testing Market by Disease indication
10.3.6.3.3 India Enteric Disease Testing Market by End User
10.3.6.4 Japan Enteric Disease Testing Market
10.3.6.4.1 Japan Enteric Disease Testing Market by Type
10.3.6.4.2 Japan Enteric Disease Testing Market by Disease indication
10.3.6.4.3 Japan Enteric Disease Testing Market by End User
10.3.6.5 South Korea Enteric Disease Testing Market
10.3.6.5.1 South Korea Enteric Disease Testing Market by Type
10.3.6.5.2 South Korea Enteric Disease Testing Market by Disease indication
10.3.6.5.3 South Korea Enteric Disease Testing Market by End User
10.3.6.6 Rest of Asia-Pacific Enteric Disease Testing Market
10.3.6.6.1 Rest of Asia-Pacific Enteric Disease Testing Market by Type
10.3.6.6.2 Rest of Asia-Pacific Enteric Disease Testing Market by Disease indication
10.3.6.6.3 Rest of Asia-Pacific Enteric Disease Testing Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Enteric Disease Testing Market Overview
10.4.2 Middle East and Africa Enteric Disease Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Enteric Disease Testing Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Enteric Disease Testing Market Forecasts and Analysis - By Disease indication
10.4.5 Middle East and Africa Enteric Disease Testing Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Enteric Disease Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Enteric Disease Testing Market
10.4.6.1.1 South Africa Enteric Disease Testing Market by Type
10.4.6.1.2 South Africa Enteric Disease Testing Market by Disease indication
10.4.6.1.3 South Africa Enteric Disease Testing Market by End User
10.4.6.2 Saudi Arabia Enteric Disease Testing Market
10.4.6.2.1 Saudi Arabia Enteric Disease Testing Market by Type
10.4.6.2.2 Saudi Arabia Enteric Disease Testing Market by Disease indication
10.4.6.2.3 Saudi Arabia Enteric Disease Testing Market by End User
10.4.6.3 U.A.E Enteric Disease Testing Market
10.4.6.3.1 U.A.E Enteric Disease Testing Market by Type
10.4.6.3.2 U.A.E Enteric Disease Testing Market by Disease indication
10.4.6.3.3 U.A.E Enteric Disease Testing Market by End User
10.4.6.4 Rest of Middle East and Africa Enteric Disease Testing Market
10.4.6.4.1 Rest of Middle East and Africa Enteric Disease Testing Market by Type
10.4.6.4.2 Rest of Middle East and Africa Enteric Disease Testing Market by Disease indication
10.4.6.4.3 Rest of Middle East and Africa Enteric Disease Testing Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Enteric Disease Testing Market Overview
10.5.2 South and Central America Enteric Disease Testing Market Forecasts and Analysis
10.5.3 South and Central America Enteric Disease Testing Market Forecasts and Analysis - By Type
10.5.4 South and Central America Enteric Disease Testing Market Forecasts and Analysis - By Disease indication
10.5.5 South and Central America Enteric Disease Testing Market Forecasts and Analysis - By End User
10.5.6 South and Central America Enteric Disease Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Enteric Disease Testing Market
10.5.6.1.1 Brazil Enteric Disease Testing Market by Type
10.5.6.1.2 Brazil Enteric Disease Testing Market by Disease indication
10.5.6.1.3 Brazil Enteric Disease Testing Market by End User
10.5.6.2 Argentina Enteric Disease Testing Market
10.5.6.2.1 Argentina Enteric Disease Testing Market by Type
10.5.6.2.2 Argentina Enteric Disease Testing Market by Disease indication
10.5.6.2.3 Argentina Enteric Disease Testing Market by End User
10.5.6.3 Rest of South and Central America Enteric Disease Testing Market
10.5.6.3.1 Rest of South and Central America Enteric Disease Testing Market by Type
10.5.6.3.2 Rest of South and Central America Enteric Disease Testing Market by Disease indication
10.5.6.3.3 Rest of South and Central America Enteric Disease Testing Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ENTERIC DISEASE TESTING MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
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. ENTERIC DISEASE TESTING MARKET, KEY COMPANY PROFILES
13.1. ALERE INC
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. BECTON
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. BIO RAD LABORATORIES
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. BIOMERICA INC
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. CEPHEID
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. CORIS BIOCONCEPT
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. DIASORIN
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. MERIDIAN BIOSCEINCES
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. QUEST DIAGNOSTICS
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. BIOMERIEUX
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
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Alere Inc.
2. BD
3. Bio Rad Laboratories
4. Biomerica Inc.
5. Cepheid
6. Coris Bioconcept
7. Diasorin
8. Meridian Biosceinces
9. Quest Diagnostics
10. BioMerieux
11. TECHLAB, Inc.
12. Trinity Biotech PLC
13. Eiken Chemical
14. ERADA Technology Alliance Ltd.
15. Mobidiag 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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