Foot and Mouth Disease Vaccine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Highly infectious viral disease which affects cloven-hoofed animals is called as Foot and mouth disease (FMD). FMD has caused severe economic losses to the government across the world. Billions of dollars of trade opportunity has been lost due to FMD. Also there is growing global economic burden due to the animal food insecurity. World Organization for Animal Health (OIE) has claimed that, FMD is a major threat to the global food security.
MARKET DYNAMICS
The Foot and Mouth Disease (FMD) Vaccine market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for animal products, rising livestock population, stringent regulations to prevent zoonotic diseases. Factors such as rapid globalization and adverse climatic transformations are helping to increase the zoonotic and livestock diseases. These are the factors driving the Foot and Mouth Disease (FMD) Vaccine Market.
MARKET SCOPE
The "Global Foot and Mouth Disease (FMD) Vaccine Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Foot and Mouth Disease (FMD) Vaccine market with detailed market segmentation by vaccine type, animal type, and geography. The global Foot and Mouth Disease (FMD) Vaccine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Foot and Mouth Disease (FMD) Vaccine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Foot and Mouth Disease (FMD) Vaccine market is segmented on the basis of vaccine type, and animal type. Based on vaccine type the market is segmented into Conventional and emergency vaccine. Based on anima type, the market is segmented into cattle, sheet & goat, pig and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Foot and Mouth Disease (FMD) Vaccine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Foot and Mouth Disease (FMD) Vaccine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Foot and Mouth Disease (FMD) Vaccine market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Foot and Mouth Disease (FMD) Vaccine market in these regions.
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- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Foot and Mouth Disease (FMD) Vaccine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Foot and Mouth Disease (FMD) Vaccine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Foot and Mouth Disease (FMD) Vaccine market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Foot and Mouth Disease (FMD) Vaccine market in these regions.
MARKET PLAYERS
The reports cover key developments in the Foot and Mouth Disease (FMD) Vaccine 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 expansion of business and customer base of market players. The market payers from Foot and Mouth Disease (FMD) Vaccine market are anticipated to lucrative growth opportunities in the future with the rising demand for Foot and Mouth Disease (FMD) Vaccine market in the global market. Below mentioned is the list of few companies engaged in the Foot and Mouth Disease (FMD) Vaccine market.
The report also includes the profiles of key Foot and Mouth Disease (FMD) Vaccine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- MSD Animal Health
- Bayer Healthcare
- Brilliant Bio Pharma Ltd.
- Agrovet Co.
- Indian Immunologics Limited
- Merial S.A.S
- Inova Biotecnologia
- Intervac (Pvt). Ltd.
- Biogénesis Bago
- Veterinary Serum and Vaccine Research Institute
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 Foot And Mouth Disease (FMD) Vaccine Market - By Vaccine Type
1.3.2 Foot And Mouth Disease (FMD) Vaccine Market - By Animal Type
1.3.3 Foot And Mouth Disease (FMD) Vaccine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOT AND MOUTH DISEASE (FMD) VACCINE 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. FOOT AND MOUTH DISEASE (FMD) VACCINE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FOOT AND MOUTH DISEASE (FMD) VACCINE MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOT AND MOUTH DISEASE (FMD) VACCINE - GLOBAL MARKET OVERVIEW
6.2. FOOT AND MOUTH DISEASE (FMD) VACCINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOT AND MOUTH DISEASE (FMD) VACCINE MARKET - REVENUE AND FORECASTS TO 2028 - VACCINE TYPE
7.1. OVERVIEW
7.2. VACCINE TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL VACCINES
7.3.1. Overview
7.3.2. Conventional Vaccines Market Forecast and Analysis
7.3.3. Aluminum Hydroxide/Saponin based Vaccines Market
7.3.3.1. Overview
7.3.3.2. Aluminum Hydroxide/Saponin based Vaccines Market Forecast and Analysis
7.3.4. Oil-based Vaccine Market
7.3.4.1. Overview
7.3.4.2. Oil-based Vaccine Market Forecast and Analysis
7.4.
7.4.1. Overview
7.4.2. Market Forecast and Analysis
7.4.3. Emergency Vaccines Market
7.4.3.1. Overview
7.4.3.2. Emergency Vaccines Market Forecast and Analysis
8. FOOT AND MOUTH DISEASE (FMD) VACCINE MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
8.1. OVERVIEW
8.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. CATTLE
8.3.1. Overview
8.3.2. Cattle Market Forecast and Analysis
8.4. SHEEP AND GOAT
8.4.1. Overview
8.4.2. Sheep and Goat Market Forecast and Analysis
8.5. PIG
8.5.1. Overview
8.5.2. Pig Market Forecast and Analysis
8.6. OTHERS (DEER, ANTELOPE, GAZELLE, BISON, CAMELIDS)
8.6.1. Overview
8.6.2. Others (Deer, Antelope, Gazelle, Bison, Camelids) Market Forecast and Analysis
9. FOOT AND MOUTH DISEASE (FMD) VACCINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Foot And Mouth Disease (FMD) Vaccine Market Overview
9.1.2 North America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis
9.1.3 North America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Vaccine Type
9.1.4 North America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Animal Type
9.1.5 North America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Foot And Mouth Disease (FMD) Vaccine Market
9.1.5.1.1 United States Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.1.5.1.2 United States Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.1.5.2 Canada Foot And Mouth Disease (FMD) Vaccine Market
9.1.5.2.1 Canada Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.1.5.2.2 Canada Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.1.5.3 Mexico Foot And Mouth Disease (FMD) Vaccine Market
9.1.5.3.1 Mexico Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.1.5.3.2 Mexico Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.2. EUROPE
9.2.1 Europe Foot And Mouth Disease (FMD) Vaccine Market Overview
9.2.2 Europe Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis
9.2.3 Europe Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Vaccine Type
9.2.4 Europe Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Animal Type
9.2.5 Europe Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Foot And Mouth Disease (FMD) Vaccine Market
9.2.5.1.1 Germany Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.2.5.1.2 Germany Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.2.5.2 France Foot And Mouth Disease (FMD) Vaccine Market
9.2.5.2.1 France Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.2.5.2.2 France Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.2.5.3 Italy Foot And Mouth Disease (FMD) Vaccine Market
9.2.5.3.1 Italy Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.2.5.3.2 Italy Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.2.5.4 Spain Foot And Mouth Disease (FMD) Vaccine Market
9.2.5.4.1 Spain Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.2.5.4.2 Spain Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.2.5.5 United Kingdom Foot And Mouth Disease (FMD) Vaccine Market
9.2.5.5.1 United Kingdom Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.2.5.5.2 United Kingdom Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Foot And Mouth Disease (FMD) Vaccine Market Overview
9.3.2 Asia-Pacific Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis
9.3.3 Asia-Pacific Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Vaccine Type
9.3.4 Asia-Pacific Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Animal Type
9.3.5 Asia-Pacific Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Foot And Mouth Disease (FMD) Vaccine Market
9.3.5.1.1 Australia Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.3.5.1.2 Australia Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.3.5.2 China Foot And Mouth Disease (FMD) Vaccine Market
9.3.5.2.1 China Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.3.5.2.2 China Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.3.5.3 India Foot And Mouth Disease (FMD) Vaccine Market
9.3.5.3.1 India Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.3.5.3.2 India Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.3.5.4 Japan Foot And Mouth Disease (FMD) Vaccine Market
9.3.5.4.1 Japan Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.3.5.4.2 Japan Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.3.5.5 South Korea Foot And Mouth Disease (FMD) Vaccine Market
9.3.5.5.1 South Korea Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.3.5.5.2 South Korea Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Foot And Mouth Disease (FMD) Vaccine Market Overview
9.4.2 Middle East and Africa Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis
9.4.3 Middle East and Africa Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Vaccine Type
9.4.4 Middle East and Africa Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Animal Type
9.4.5 Middle East and Africa Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Foot And Mouth Disease (FMD) Vaccine Market
9.4.5.1.1 South Africa Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.4.5.1.2 South Africa Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.4.5.2 Saudi Arabia Foot And Mouth Disease (FMD) Vaccine Market
9.4.5.2.1 Saudi Arabia Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.4.5.2.2 Saudi Arabia Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.4.5.3 U.A.E Foot And Mouth Disease (FMD) Vaccine Market
9.4.5.3.1 U.A.E Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.4.5.3.2 U.A.E Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Foot And Mouth Disease (FMD) Vaccine Market Overview
9.5.2 South and Central America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis
9.5.3 South and Central America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Vaccine Type
9.5.4 South and Central America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Animal Type
9.5.5 South and Central America Foot And Mouth Disease (FMD) Vaccine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Foot And Mouth Disease (FMD) Vaccine Market
9.5.5.1.1 Brazil Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.5.5.1.2 Brazil Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
9.5.5.2 Argentina Foot And Mouth Disease (FMD) Vaccine Market
9.5.5.2.1 Argentina Foot And Mouth Disease (FMD) Vaccine Market by Vaccine Type
9.5.5.2.2 Argentina Foot And Mouth Disease (FMD) Vaccine Market by Animal Type
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. FOOT AND MOUTH DISEASE (FMD) VACCINE MARKET, KEY COMPANY PROFILES
11.1. MSD ANIMAL HEALTH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYER HEALTHCARE
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. BRILLIANT BIO PHARMA LTD.
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. AGROVET CO.
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. INDIAN IMMUNOLOGICS LIMITED
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. MERIAL S.A.S
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. INOVA BIOTECNOLOGIA
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. INTERVAC (PVT). LTD.
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. BIOGéNESIS BAGO
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. VETERINARY SERUM AND VACCINE RESEARCH INSTITUTE
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. MSD Animal Health2. Bayer Healthcare3. Brilliant Bio Pharma Ltd.4. Agrovet Co.5. Indian Immunologics Limited6. Merial S.A.S7. Inova Biotecnologia8. Intervac (Pvt). Ltd.9. Biogénesis Bago10. Veterinary Serum and Vaccine Research Institute
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.