Genomics Personalized Health Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Genomic personalized medicine and surgery is a novel approach to health care that tailors a patient's medical treatment to their genetic makeup. The enhanced approach is the consequence of better understanding of the human genome and strategies for using that information by physicians in medical and surgical management of their patients. These can be used to further identify a variety of complicated disorders and lead to the identification of more specialised treatments based on genomic profiling, removing some conventional medications that may be ineffective or have adverse side effects in specific patient populations.
MARKET SCOPE
The "Global Genomics Personalized Health Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the genomics personalized health market with detailed market segmentation by technology, test type and end user. The report provides key statistics on the market status of the leading genomics personalized health market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology the market is segmented as, NGS platforms, RT-PCR, microarray, genetic analyzers.
- Based on test type the market is segmented as, oncology testing, infectious disease testing, orphan disease testing, autoimmune disease testing, obstetrics testing, others.
- Based on end user the market is segmented as, academics & research institutes, diagnostic centers, others.
MARKET DYNAMICS
Drivers:
- Growing prevalence of chronic diseases such as cancer is the key driving factor for the market growth.
- Technological advancements in biopharmaceutical and biotechnology industries.
- Growing emphasis on genomic based research and growing funding for the same.
Restraints:
- However, presence of complex regulatory framework is likely to hamper market growth during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The genomics personalized health market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the genomics personalized health market in these regions.
IMPACT OF COVID-19 ON GENOMICS PERSONALIZED HEALTH MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The genomics personalized health market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the genomics personalized health market in these regions.
IMPACT OF COVID-19 ON GENOMICS PERSONALIZED HEALTH MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the genomics personalized health 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from genomics personalized health market are anticipated to lucrative growth opportunities in the future with the rising demand for genomics personalized health in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the genomics personalized health market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- QIAGEN
- Illumina, Inc.
- Thermo Fisher Scientific, Inc.
- Bio-Rad Laboratories, Inc.
- F. Hoffmann-La Roche Ltd
- Invitae Corporation
- Genetic Technologies Limited
- Lonza
- Interleukin Genetics, Inc
- DNAGenotek
- 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 Genomics Personalized Health Market - By Technology
1.3.2 Genomics Personalized Health Market - By Test Type
1.3.3 Genomics Personalized Health Market - By End User
1.3.4 Genomics Personalized Health Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GENOMICS PERSONALIZED HEALTH 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. GENOMICS PERSONALIZED HEALTH 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. GENOMICS PERSONALIZED HEALTH MARKET - GLOBAL MARKET ANALYSIS
6.1. GENOMICS PERSONALIZED HEALTH - GLOBAL MARKET OVERVIEW
6.2. GENOMICS PERSONALIZED HEALTH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GENOMICS PERSONALIZED HEALTH MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. NGS PLATFORMS
7.3.1. Overview
7.3.2. NGS platforms Market Forecast and Analysis
7.4. RT-PCR
7.4.1. Overview
7.4.2. RT-PCR Market Forecast and Analysis
7.5. MICROARRAY
7.5.1. Overview
7.5.2. Microarray Market Forecast and Analysis
7.6. GENETIC ANALYZERS
7.6.1. Overview
7.6.2. Genetic Analyzers Market Forecast and Analysis
8. GENOMICS PERSONALIZED HEALTH MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
8.3. ONCOLOGY TESTING
8.3.1. Overview
8.3.2. Oncology Testing Market Forecast and Analysis
8.4. INFECTIOUS DISEASE TESTING
8.4.1. Overview
8.4.2. Infectious Disease Testing Market Forecast and Analysis
8.5. ORPHAN DISEASE TESTING
8.5.1. Overview
8.5.2. Orphan Disease Testing Market Forecast and Analysis
8.6. AUTOIMMUNE DISEASE TESTING
8.6.1. Overview
8.6.2. Autoimmune Disease Testing Market Forecast and Analysis
8.7. OBSTETRICS TESTING
8.7.1. Overview
8.7.2. Obstetrics Testing Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. GENOMICS PERSONALIZED HEALTH MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. ACADEMICS AND RESEARCH INSTITUTES
9.3.1. Overview
9.3.2. Academics and Research Institutes Market Forecast and Analysis
9.4. DIAGNOSTIC CENTERS
9.4.1. Overview
9.4.2. Diagnostic Centers Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. GENOMICS PERSONALIZED HEALTH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Genomics Personalized Health Market Overview
10.1.2 North America Genomics Personalized Health Market Forecasts and Analysis
10.1.3 North America Genomics Personalized Health Market Forecasts and Analysis - By Technology
10.1.4 North America Genomics Personalized Health Market Forecasts and Analysis - By Test Type
10.1.5 North America Genomics Personalized Health Market Forecasts and Analysis - By End User
10.1.6 North America Genomics Personalized Health Market Forecasts and Analysis - By Countries
10.1.6.1 United States Genomics Personalized Health Market
10.1.6.1.1 United States Genomics Personalized Health Market by Technology
10.1.6.1.2 United States Genomics Personalized Health Market by Test Type
10.1.6.1.3 United States Genomics Personalized Health Market by End User
10.1.6.2 Canada Genomics Personalized Health Market
10.1.6.2.1 Canada Genomics Personalized Health Market by Technology
10.1.6.2.2 Canada Genomics Personalized Health Market by Test Type
10.1.6.2.3 Canada Genomics Personalized Health Market by End User
10.1.6.3 Mexico Genomics Personalized Health Market
10.1.6.3.1 Mexico Genomics Personalized Health Market by Technology
10.1.6.3.2 Mexico Genomics Personalized Health Market by Test Type
10.1.6.3.3 Mexico Genomics Personalized Health Market by End User
10.2. EUROPE
10.2.1 Europe Genomics Personalized Health Market Overview
10.2.2 Europe Genomics Personalized Health Market Forecasts and Analysis
10.2.3 Europe Genomics Personalized Health Market Forecasts and Analysis - By Technology
10.2.4 Europe Genomics Personalized Health Market Forecasts and Analysis - By Test Type
10.2.5 Europe Genomics Personalized Health Market Forecasts and Analysis - By End User
10.2.6 Europe Genomics Personalized Health Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Genomics Personalized Health Market
10.2.6.1.1 Germany Genomics Personalized Health Market by Technology
10.2.6.1.2 Germany Genomics Personalized Health Market by Test Type
10.2.6.1.3 Germany Genomics Personalized Health Market by End User
10.2.6.2 France Genomics Personalized Health Market
10.2.6.2.1 France Genomics Personalized Health Market by Technology
10.2.6.2.2 France Genomics Personalized Health Market by Test Type
10.2.6.2.3 France Genomics Personalized Health Market by End User
10.2.6.3 Italy Genomics Personalized Health Market
10.2.6.3.1 Italy Genomics Personalized Health Market by Technology
10.2.6.3.2 Italy Genomics Personalized Health Market by Test Type
10.2.6.3.3 Italy Genomics Personalized Health Market by End User
10.2.6.4 Spain Genomics Personalized Health Market
10.2.6.4.1 Spain Genomics Personalized Health Market by Technology
10.2.6.4.2 Spain Genomics Personalized Health Market by Test Type
10.2.6.4.3 Spain Genomics Personalized Health Market by End User
10.2.6.5 United Kingdom Genomics Personalized Health Market
10.2.6.5.1 United Kingdom Genomics Personalized Health Market by Technology
10.2.6.5.2 United Kingdom Genomics Personalized Health Market by Test Type
10.2.6.5.3 United Kingdom Genomics Personalized Health Market by End User
10.2.6.6 Rest of Europe Genomics Personalized Health Market
10.2.6.6.1 Rest of Europe Genomics Personalized Health Market by Technology
10.2.6.6.2 Rest of Europe Genomics Personalized Health Market by Test Type
10.2.6.6.3 Rest of Europe Genomics Personalized Health Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Genomics Personalized Health Market Overview
10.3.2 Asia-Pacific Genomics Personalized Health Market Forecasts and Analysis
10.3.3 Asia-Pacific Genomics Personalized Health Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Genomics Personalized Health Market Forecasts and Analysis - By Test Type
10.3.5 Asia-Pacific Genomics Personalized Health Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Genomics Personalized Health Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Genomics Personalized Health Market
10.3.6.1.1 Australia Genomics Personalized Health Market by Technology
10.3.6.1.2 Australia Genomics Personalized Health Market by Test Type
10.3.6.1.3 Australia Genomics Personalized Health Market by End User
10.3.6.2 China Genomics Personalized Health Market
10.3.6.2.1 China Genomics Personalized Health Market by Technology
10.3.6.2.2 China Genomics Personalized Health Market by Test Type
10.3.6.2.3 China Genomics Personalized Health Market by End User
10.3.6.3 India Genomics Personalized Health Market
10.3.6.3.1 India Genomics Personalized Health Market by Technology
10.3.6.3.2 India Genomics Personalized Health Market by Test Type
10.3.6.3.3 India Genomics Personalized Health Market by End User
10.3.6.4 Japan Genomics Personalized Health Market
10.3.6.4.1 Japan Genomics Personalized Health Market by Technology
10.3.6.4.2 Japan Genomics Personalized Health Market by Test Type
10.3.6.4.3 Japan Genomics Personalized Health Market by End User
10.3.6.5 South Korea Genomics Personalized Health Market
10.3.6.5.1 South Korea Genomics Personalized Health Market by Technology
10.3.6.5.2 South Korea Genomics Personalized Health Market by Test Type
10.3.6.5.3 South Korea Genomics Personalized Health Market by End User
10.3.6.6 Rest of Asia-Pacific Genomics Personalized Health Market
10.3.6.6.1 Rest of Asia-Pacific Genomics Personalized Health Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Genomics Personalized Health Market by Test Type
10.3.6.6.3 Rest of Asia-Pacific Genomics Personalized Health Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Genomics Personalized Health Market Overview
10.4.2 Middle East and Africa Genomics Personalized Health Market Forecasts and Analysis
10.4.3 Middle East and Africa Genomics Personalized Health Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Genomics Personalized Health Market Forecasts and Analysis - By Test Type
10.4.5 Middle East and Africa Genomics Personalized Health Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Genomics Personalized Health Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Genomics Personalized Health Market
10.4.6.1.1 South Africa Genomics Personalized Health Market by Technology
10.4.6.1.2 South Africa Genomics Personalized Health Market by Test Type
10.4.6.1.3 South Africa Genomics Personalized Health Market by End User
10.4.6.2 Saudi Arabia Genomics Personalized Health Market
10.4.6.2.1 Saudi Arabia Genomics Personalized Health Market by Technology
10.4.6.2.2 Saudi Arabia Genomics Personalized Health Market by Test Type
10.4.6.2.3 Saudi Arabia Genomics Personalized Health Market by End User
10.4.6.3 U.A.E Genomics Personalized Health Market
10.4.6.3.1 U.A.E Genomics Personalized Health Market by Technology
10.4.6.3.2 U.A.E Genomics Personalized Health Market by Test Type
10.4.6.3.3 U.A.E Genomics Personalized Health Market by End User
10.4.6.4 Rest of Middle East and Africa Genomics Personalized Health Market
10.4.6.4.1 Rest of Middle East and Africa Genomics Personalized Health Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Genomics Personalized Health Market by Test Type
10.4.6.4.3 Rest of Middle East and Africa Genomics Personalized Health Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Genomics Personalized Health Market Overview
10.5.2 South and Central America Genomics Personalized Health Market Forecasts and Analysis
10.5.3 South and Central America Genomics Personalized Health Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Genomics Personalized Health Market Forecasts and Analysis - By Test Type
10.5.5 South and Central America Genomics Personalized Health Market Forecasts and Analysis - By End User
10.5.6 South and Central America Genomics Personalized Health Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Genomics Personalized Health Market
10.5.6.1.1 Brazil Genomics Personalized Health Market by Technology
10.5.6.1.2 Brazil Genomics Personalized Health Market by Test Type
10.5.6.1.3 Brazil Genomics Personalized Health Market by End User
10.5.6.2 Argentina Genomics Personalized Health Market
10.5.6.2.1 Argentina Genomics Personalized Health Market by Technology
10.5.6.2.2 Argentina Genomics Personalized Health Market by Test Type
10.5.6.2.3 Argentina Genomics Personalized Health Market by End User
10.5.6.3 Rest of South and Central America Genomics Personalized Health Market
10.5.6.3.1 Rest of South and Central America Genomics Personalized Health Market by Technology
10.5.6.3.2 Rest of South and Central America Genomics Personalized Health Market by Test Type
10.5.6.3.3 Rest of South and Central America Genomics Personalized Health Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. GENOMICS PERSONALIZED HEALTH MARKET, KEY COMPANY PROFILES
12.1. QIAGEN
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ILLUMINA, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. THERMO FISHER SCIENTIFIC, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BIO-RAD LABORATORIES, INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. F. HOFFMANN-LA ROCHE LTD
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. INVITAE CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GENETIC TECHNOLOGIES LIMITED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LONZA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. INTERLEUKIN GENETICS, INC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. DNAGENOTEK
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. QIAGEN
2. Illumina, Inc.
3. Thermo Fisher Scientific, Inc.
4. Bio-Rad Laboratories, Inc.
5. F. Hoffmann-La Roche Ltd
6. Invitae Corporation
7. Genetic Technologies Limited
8. Lonza
9. Interleukin Genetics, Inc
10. DNAGenotek
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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