Healthcare Adhesive Tapes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Healthcare adhesive tapes are a type of pressure sensitive adhesive tape that is used in medicine and first aid kits to adhere to a bandage or other dressing on a wound. These tapes are specifically designed to hold firmly on the skin or dressing material that can be even peeled off easily after the healing. These adhesive tapes have end number of applications in surgeries, wound dressings, Ostomy seals, hygiene and others. Advances in healthcare adhesive tapes offer bacteria protection and are water resistant while they also allow air and moisture passage freely. The market for healthcare adhesive tapes has been increasing due to its rising demand in the Asia-Pacific region.
MARKET DYNAMICS
The healthcare adhesive tapes market is assumed to grow in the forecast considering the growth in surgical operations and procedures. The rising penetration of disposable hygiene products and the growing aging population have boosted the healthcare adhesives tapes market. However, the still growth in the baby diaper segment in matured markets might restrict the growth of the healthcare adhesive tapes market. On the other hand, the growing healthcare sector in emerging markets and the rising standard of living of the consumers is likely to showcase growth opportunities for the healthcare adhesive tapes market during the forecast period.
MARKET SCOPE
The "Global Healthcare Adhesive Tapes Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of healthcare adhesive tapes market with detailed market segmentation by type, backing materials, applications, and geography. The global healthcare adhesive tapes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading healthcare adhesive tapes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global healthcare adhesive tapes market is segmented on the basis of type, backing materials, and applications. Based on type, the market is segmented acrylic, silicone, rubber, and others. On the basis of backing material, the market is segmented as paper, fabric, plastic, and others. On the basis of applications, the market is segmented as surgery, wound dressing, splints, secure lv lines, Ostomy seals, hygiene, bandages, transdermal patches and blister protection, diagnostic, monitoring & medical devices, an optical care, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global healthcare adhesive tapes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare adhesive tapes 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 healthcare adhesive tapes 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 & Central America after evaluating political, economic, social and technological factors affecting the healthcare adhesive tapes market in these regions.
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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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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global healthcare adhesive tapes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare adhesive tapes 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 healthcare adhesive tapes 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 & Central America after evaluating political, economic, social and technological factors affecting the healthcare adhesive tapes market in these regions.
MARKET PLAYERS
The reports cover key developments in the healthcare adhesive tapes 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 the way for the expansion of business and customer base of market players. The market payers from healthcare adhesive tapes market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare adhesive tapes in the global market. Below mentioned is the list of few companies engaged in the healthcare adhesive tapes market.
The report also includes the profiles of key healthcare adhesive tapes 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 the last three years, key developments in the past five years.
- 3M
- Avery Dennison Corporation
- Cardinal Health, Inc.
- Essity Aktiebolag (Publ)
- Johnson & Johnson
- Nichiban Co., Ltd.
- Nitto Denko Corporation
- Paul Hartmann AG
- Scapa Group PLC
- Smith & Nephew PLC
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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare Adhesive Tapes - By Type
1.3.2 Healthcare Adhesive Tapes - By Backing Material
1.3.3 Healthcare Adhesive Tapes - By Applications
1.3.4 Healthcare Adhesive Tapes - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE ADHESIVE TAPES 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. HEALTHCARE ADHESIVE TAPES - 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. HEALTHCARE ADHESIVE TAPES - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE ADHESIVE TAPES - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE ADHESIVE TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEALTHCARE ADHESIVE TAPES - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC
7.3.1. Overview
7.3.2. Acrylic Market Forecast and Analysis
7.4. SILICONE
7.4.1. Overview
7.4.2. Silicone Market Forecast and Analysis
7.5. RUBBER
7.5.1. Overview
7.5.2. Rubber Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. HEALTHCARE ADHESIVE TAPES - REVENUE AND FORECASTS TO 2028 - BACKING MATERIAL
8.1. OVERVIEW
8.2. BACKING MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. PAPER
8.3.1. Overview
8.3.2. Paper Market Forecast and Analysis
8.4. FABRIC
8.4.1. Overview
8.4.2. Fabric Market Forecast and Analysis
8.5. PLASTIC
8.5.1. Overview
8.5.2. Plastic Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HEALTHCARE ADHESIVE TAPES - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
9.1. OVERVIEW
9.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
9.3. SURGERY
9.3.1. Overview
9.3.2. Surgery Market Forecast and Analysis
9.4. WOUND DRESSING
9.4.1. Overview
9.4.2. Wound Dressing Market Forecast and Analysis
9.5. SPLINTS
9.5.1. Overview
9.5.2. Splints Market Forecast and Analysis
9.6. SECURE IV LINES
9.6.1. Overview
9.6.2. Secure Iv Lines Market Forecast and Analysis
9.7. OSTOMY SEALS
9.7.1. Overview
9.7.2. Ostomy Seals Market Forecast and Analysis
9.8. HYGIENE
9.8.1. Overview
9.8.2. Hygiene Market Forecast and Analysis
9.9. BANDAGES, TRANSDERMAL PATCHES, AND BLISTER PROTECTION
9.9.1. Overview
9.9.2. Bandages, Transdermal Patches, and Blister Protection Market Forecast and Analysis
9.10. DIAGNOSTIC, MONITORING AND MEDICAL DEVICES, AND OPTICAL CARE
9.10.1. Overview
9.10.2. Diagnostic, Monitoring and Medical Devices, and Optical Care Market Forecast and Analysis
9.11. OTHERS
9.11.1. Overview
9.11.2. Others Market Forecast and Analysis
10. HEALTHCARE ADHESIVE TAPES REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Healthcare Adhesive Tapes Overview
10.1.2 North America Healthcare Adhesive Tapes Forecasts and Analysis
10.1.3 North America Healthcare Adhesive Tapes Forecasts and Analysis - By Type
10.1.4 North America Healthcare Adhesive Tapes Forecasts and Analysis - By Backing Material
10.1.5 North America Healthcare Adhesive Tapes Forecasts and Analysis - By Applications
10.1.6 North America Healthcare Adhesive Tapes Forecasts and Analysis - By Countries
10.1.6.1 Canada Healthcare Adhesive Tapes
10.1.6.1.1 Canada Healthcare Adhesive Tapes by Type
10.1.6.1.2 Canada Healthcare Adhesive Tapes by Backing Material
10.1.6.1.3 Canada Healthcare Adhesive Tapes by Applications
10.1.6.2 Mexico Healthcare Adhesive Tapes
10.1.6.2.1 Mexico Healthcare Adhesive Tapes by Type
10.1.6.2.2 Mexico Healthcare Adhesive Tapes by Backing Material
10.1.6.2.3 Mexico Healthcare Adhesive Tapes by Applications
10.1.6.3 US Healthcare Adhesive Tapes
10.1.6.3.1 US Healthcare Adhesive Tapes by Type
10.1.6.3.2 US Healthcare Adhesive Tapes by Backing Material
10.1.6.3.3 US Healthcare Adhesive Tapes by Applications
10.2. EUROPE
10.2.1 Europe Healthcare Adhesive Tapes Overview
10.2.2 Europe Healthcare Adhesive Tapes Forecasts and Analysis
10.2.3 Europe Healthcare Adhesive Tapes Forecasts and Analysis - By Type
10.2.4 Europe Healthcare Adhesive Tapes Forecasts and Analysis - By Backing Material
10.2.5 Europe Healthcare Adhesive Tapes Forecasts and Analysis - By Applications
10.2.6 Europe Healthcare Adhesive Tapes Forecasts and Analysis - By Countries
10.2.6.1 Germany Healthcare Adhesive Tapes
10.2.6.1.1 Germany Healthcare Adhesive Tapes by Type
10.2.6.1.2 Germany Healthcare Adhesive Tapes by Backing Material
10.2.6.1.3 Germany Healthcare Adhesive Tapes by Applications
10.2.6.2 France Healthcare Adhesive Tapes
10.2.6.2.1 France Healthcare Adhesive Tapes by Type
10.2.6.2.2 France Healthcare Adhesive Tapes by Backing Material
10.2.6.2.3 France Healthcare Adhesive Tapes by Applications
10.2.6.3 Italy Healthcare Adhesive Tapes
10.2.6.3.1 Italy Healthcare Adhesive Tapes by Type
10.2.6.3.2 Italy Healthcare Adhesive Tapes by Backing Material
10.2.6.3.3 Italy Healthcare Adhesive Tapes by Applications
10.2.6.4 United Kingdom Healthcare Adhesive Tapes
10.2.6.4.1 United Kingdom Healthcare Adhesive Tapes by Type
10.2.6.4.2 United Kingdom Healthcare Adhesive Tapes by Backing Material
10.2.6.4.3 United Kingdom Healthcare Adhesive Tapes by Applications
10.2.6.5 Russia Healthcare Adhesive Tapes
10.2.6.5.1 Russia Healthcare Adhesive Tapes by Type
10.2.6.5.2 Russia Healthcare Adhesive Tapes by Backing Material
10.2.6.5.3 Russia Healthcare Adhesive Tapes by Applications
10.2.6.6 Rest of Europe Healthcare Adhesive Tapes
10.2.6.6.1 Rest of Europe Healthcare Adhesive Tapes by Type
10.2.6.6.2 Rest of Europe Healthcare Adhesive Tapes by Backing Material
10.2.6.6.3 Rest of Europe Healthcare Adhesive Tapes by Applications
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Healthcare Adhesive Tapes Overview
10.3.2 Asia-Pacific Healthcare Adhesive Tapes Forecasts and Analysis
10.3.3 Asia-Pacific Healthcare Adhesive Tapes Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Healthcare Adhesive Tapes Forecasts and Analysis - By Backing Material
10.3.5 Asia-Pacific Healthcare Adhesive Tapes Forecasts and Analysis - By Applications
10.3.6 Asia-Pacific Healthcare Adhesive Tapes Forecasts and Analysis - By Countries
10.3.6.1 Australia Healthcare Adhesive Tapes
10.3.6.1.1 Australia Healthcare Adhesive Tapes by Type
10.3.6.1.2 Australia Healthcare Adhesive Tapes by Backing Material
10.3.6.1.3 Australia Healthcare Adhesive Tapes by Applications
10.3.6.2 China Healthcare Adhesive Tapes
10.3.6.2.1 China Healthcare Adhesive Tapes by Type
10.3.6.2.2 China Healthcare Adhesive Tapes by Backing Material
10.3.6.2.3 China Healthcare Adhesive Tapes by Applications
10.3.6.3 India Healthcare Adhesive Tapes
10.3.6.3.1 India Healthcare Adhesive Tapes by Type
10.3.6.3.2 India Healthcare Adhesive Tapes by Backing Material
10.3.6.3.3 India Healthcare Adhesive Tapes by Applications
10.3.6.4 Japan Healthcare Adhesive Tapes
10.3.6.4.1 Japan Healthcare Adhesive Tapes by Type
10.3.6.4.2 Japan Healthcare Adhesive Tapes by Backing Material
10.3.6.4.3 Japan Healthcare Adhesive Tapes by Applications
10.3.6.5 South Korea Healthcare Adhesive Tapes
10.3.6.5.1 South Korea Healthcare Adhesive Tapes by Type
10.3.6.5.2 South Korea Healthcare Adhesive Tapes by Backing Material
10.3.6.5.3 South Korea Healthcare Adhesive Tapes by Applications
10.3.6.6 Rest of Asia-Pacific Healthcare Adhesive Tapes
10.3.6.6.1 Rest of Asia-Pacific Healthcare Adhesive Tapes by Type
10.3.6.6.2 Rest of Asia-Pacific Healthcare Adhesive Tapes by Backing Material
10.3.6.6.3 Rest of Asia-Pacific Healthcare Adhesive Tapes by Applications
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Healthcare Adhesive Tapes Overview
10.4.2 Middle East and Africa Healthcare Adhesive Tapes Forecasts and Analysis
10.4.3 Middle East and Africa Healthcare Adhesive Tapes Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Healthcare Adhesive Tapes Forecasts and Analysis - By Backing Material
10.4.5 Middle East and Africa Healthcare Adhesive Tapes Forecasts and Analysis - By Applications
10.4.6 Middle East and Africa Healthcare Adhesive Tapes Forecasts and Analysis - By Countries
10.4.6.1 South Africa Healthcare Adhesive Tapes
10.4.6.1.1 South Africa Healthcare Adhesive Tapes by Type
10.4.6.1.2 South Africa Healthcare Adhesive Tapes by Backing Material
10.4.6.1.3 South Africa Healthcare Adhesive Tapes by Applications
10.4.6.2 Saudi Arabia Healthcare Adhesive Tapes
10.4.6.2.1 Saudi Arabia Healthcare Adhesive Tapes by Type
10.4.6.2.2 Saudi Arabia Healthcare Adhesive Tapes by Backing Material
10.4.6.2.3 Saudi Arabia Healthcare Adhesive Tapes by Applications
10.4.6.3 U.A.E Healthcare Adhesive Tapes
10.4.6.3.1 U.A.E Healthcare Adhesive Tapes by Type
10.4.6.3.2 U.A.E Healthcare Adhesive Tapes by Backing Material
10.4.6.3.3 U.A.E Healthcare Adhesive Tapes by Applications
10.4.6.4 Rest of Middle East and Africa Healthcare Adhesive Tapes
10.4.6.4.1 Rest of Middle East and Africa Healthcare Adhesive Tapes by Type
10.4.6.4.2 Rest of Middle East and Africa Healthcare Adhesive Tapes by Backing Material
10.4.6.4.3 Rest of Middle East and Africa Healthcare Adhesive Tapes by Applications
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Healthcare Adhesive Tapes Overview
10.5.2 South and Central America Healthcare Adhesive Tapes Forecasts and Analysis
10.5.3 South and Central America Healthcare Adhesive Tapes Forecasts and Analysis - By Type
10.5.4 South and Central America Healthcare Adhesive Tapes Forecasts and Analysis - By Backing Material
10.5.5 South and Central America Healthcare Adhesive Tapes Forecasts and Analysis - By Applications
10.5.6 South and Central America Healthcare Adhesive Tapes Forecasts and Analysis - By Countries
10.5.6.1 Brazil Healthcare Adhesive Tapes
10.5.6.1.1 Brazil Healthcare Adhesive Tapes by Type
10.5.6.1.2 Brazil Healthcare Adhesive Tapes by Backing Material
10.5.6.1.3 Brazil Healthcare Adhesive Tapes by Applications
10.5.6.2 Argentina Healthcare Adhesive Tapes
10.5.6.2.1 Argentina Healthcare Adhesive Tapes by Type
10.5.6.2.2 Argentina Healthcare Adhesive Tapes by Backing Material
10.5.6.2.3 Argentina Healthcare Adhesive Tapes by Applications
10.5.6.3 Rest of South and Central America Healthcare Adhesive Tapes
10.5.6.3.1 Rest of South and Central America Healthcare Adhesive Tapes by Type
10.5.6.3.2 Rest of South and Central America Healthcare Adhesive Tapes by Backing Material
10.5.6.3.3 Rest of South and Central America Healthcare Adhesive Tapes by Applications
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. HEALTHCARE ADHESIVE TAPES, KEY COMPANY PROFILES
12.1. 3M
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. AVERY DENNISON CORPORATION
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. CARDINAL HEALTH, 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. ESSITY AKTIEBOLAG (PUBL)
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. JOHNSON AND JOHNSON
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. NICHIBAN CO., LTD.
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. NITTO DENKO CORPORATION
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. PAUL HARTMANN AG
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. SCAPA GROUP PLC
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. SMITH AND NEPHEW PLC
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
1.3M2.Avery Dennison Corporation3.Cardinal Health, Inc.4.Essity Aktiebolag (Publ)5.Johnson and Johnson6.Nichiban Co., Ltd.7.Nitto Denko Corporation8.Paul Hartmann AG9.Scapa Group PLC10.Smith and Nephew PLC
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.