The Healthcare Supply Chain Management Market is expected to register a CAGR of 14.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Healthcare Supply Chain Management Market report covers analysis By Component (Hardware, Software); Delivery Model (On Premise, Cloud Based, Web Based); and End User (Healthcare Providers, Distributors, Manufacturers). The market report also offers geographical segmentation and covers key growth regions.
Purpose of the ReportThe report Healthcare Supply Chain Management 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.
Healthcare Supply Chain Management Market Segmentation
Component- Hardware
- Software
- On Premise
- Cloud Based
- Web Based
- Healthcare Providers
- Distributors
- Manufacturers
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Healthcare Supply Chain Management Market Growth Drivers- Optimizing Healthcare Supply Chain Operations: Healthcare organizations are under pressure to increase the number of operations operations, with reduced costs. Healthcare Supply Chain Management Market solutions integrate procurement, inventory management, and distribution to ensure that resources are used in the most optimal way possible and that as little waste is generated as possible.
- Complex Global Supply Chains Demand SCM: The globalizing healthcare demand has upped the intricacies of supply chains, and in many ways, it calls for sophisticated SCM solutions to ensure cross-border sourcing as well as logistics. Healthcare organizations with even more exposure to a complex array of suppliers as well as raising their level of dependency on international manufacturing are exposed to higher risks arising from disruptions, regulatory compliance, and quality control. Support from SCM systems toward offering end-to-end visibility together with risk mitigation tools for the facility of navigation through these challenges will ensure the Healthcare Supply Chain Management Market growth, as global supply chains continue to expand.
- Sustainability Drives SCM Adoption in Healthcare: Sustainability increasingly is a critical consideration for supply chains in healthcare. Organizations are becoming increasingly burdened with the need to reduce their environmental footprint, minimize waste, and ensure sustainable sourcing practices. SCM systems that also promote "green" procurement, energy-efficient transportation, and waste reduction are very much in demand. As healthcare providers look toward aligning with global sustainability goals, the growth of the market is being driven by a need for SCM solutions that enable environmental stewardship-increasing adoption of "green" supply chain strategies.
- Strengthening Supplier Relationships for SCM: Healthcare Supply Chain Management Market players rely significantly on strong relationships with suppliers to access quality products and services consistently. Healthcare providers are improving their relationships and interactions with their suppliers to make the supply chain more efficient without facing delay. Strategic partnerships improve sourcing dependability, cost negotiation, and innovation in medical products
- Personalized Medicine Alters SCM Needs: The healthcare supply chains have to transform and adapt as the uptake of personalized medicine begins. There is a greater need for inventory management accuracies along with logistics efficiencies in processing those customized products, biologics, and gene therapies that may have shorter shelf lives and may require specialized storage.
- Collaborative Procurement Enhances Supply Chain: The pattern of collaborative procurement is also increasing, in which healthcare organizations work together to negotiate with suppliers and make the processes of purchasing smooth. Such a step can be taken through a group purchasing organization or cooperative procurement initiatives, making providers of healthcare benefit from collective buying power to negotiate with vendors for better pricing and terms.
- Comprehensive Vendor Management Simplifies Procurement: Companies could potentially provide comprehensive systems for vendor management to significantly simplify the procurement process, track the performance of various suppliers, and provide assurances that companies meet regulatory requirements. This will enable healthcare organizations to make decisions clearer and more transparent on vendor relationships as well as actual time data of supplier quality and pricing. Solutions by these supply chain companies help healthcare to optimize vendor networks against risks from poor supplier performance.
- Blockchain Enhances Supply Chain Transparency: Blockchain technology offers significant potential for an improvement in the transparency and security of healthcare supply chains. It traces product traces from manufacturers to end-users and offers legitimate authentication of medical supplies, thereby minimizing the risk of counterfeit products. It also offers a secure platform for managing sensitive information among different stakeholders.
- Adoption of Automation and AI in Supply Chain Management: The adoption of automation and artificial intelligence is one of the key opportunities in the healthcare supply chain management market. Healthcare organizations are seeking advanced solutions to streamline their supply chains with increasing demand for efficiency, accuracy, and cost reduction. Automation and AI can optimize various processes, including inventory management, order processing, and demand forecasting. This technology will predict the demand of product products, identify bottlenecks in the supply chain and support real-time decision making for health facilities. Automated systems will reduce the risk of human error, improve accuracy of inventory, and assure the healthcare facility maintains at ideal stock levels, thus never experiencing shortages or overstock conditions. Further, AI-powered solution tracks the movement of the medical supplies and equipment and provides on-time delivery and exact location. With growing interest in AI and automation, especially after the disruptions caused by the COVID-19 pandemic, companies that offer cutting-edge supply chain management solutions have a significant growth opportunity.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Healthcare Supply Chain Management 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 Healthcare Supply Chain Management 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
Key companies in this market are: Advocate Health Care Inc, AmerisourceBergen Corporation, Intermountain Healthcare, McKesson Corporation, Providence Health Services, SAP SE, SpendVu, STERLING HEALTHCARE LOGISTICS, Vizient Inc
The Healthcare Supply Chain Management Market is expected to register a CAGR of 14.7% from 2023-2031.
Key future trends in this market are - strategic partnerships with suppliers in healthcare supply chains to ensure efficiency and innovation, adapting supply chains to the complexities of personalized medicine with accurate inventory management, and leveraging collaborative procurement to enhance vendor negotiations and cost efficiencies.
The major factors impacting the Healthcare Supply Chain Management Market are a rising Focus on Sustainability, Globalization of Healthcare Supply Chains, and Rising Need for Operational Efficiency
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare Supply Chain Management Market - By Component
1.3.2 Healthcare Supply Chain Management Market - By Delivery Model
1.3.3 Healthcare Supply Chain Management Market - By End User
1.3.4 Healthcare Supply Chain Management Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE SUPPLY CHAIN MANAGEMENT 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. HEALTHCARE SUPPLY CHAIN MANAGEMENT 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. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE SUPPLY CHAIN MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE SUPPLY CHAIN MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. System Market
7.3.3.1. Overview
7.3.3.2. System Market Forecast and Analysis
7.3.4. Barcode Market
7.3.4.1. Overview
7.3.4.2. Barcode Market Forecast and Analysis
7.3.5. RFID Market
7.3.5.1. Overview
7.3.5.2. RFID Market Forecast and Analysis
7.3.6. Other Hardware Market
7.3.6.1. Overview
7.3.6.2. Other Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.4.3. Supplier Management Software Market
7.4.3.1. Overview
7.4.3.2. Supplier Management Software Market Forecast and Analysis
7.4.4. Transportation Software Market
7.4.4.1. Overview
7.4.4.2. Transportation Software Market Forecast and Analysis
7.4.5. Procurement Software Market
7.4.5.1. Overview
7.4.5.2. Procurement Software Market Forecast and Analysis
7.4.6. Other Software Market
7.4.6.1. Overview
7.4.6.2. Other Software Market Forecast and Analysis
8. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - DELIVERY MODEL
8.1. OVERVIEW
8.2. DELIVERY MODEL MARKET FORECASTS AND ANALYSIS
8.3. ON PREMISE
8.3.1. Overview
8.3.2. On Premise Market Forecast and Analysis
8.4. CLOUD BASED
8.4.1. Overview
8.4.2. Cloud Based Market Forecast and Analysis
8.5. WEB BASED
8.5.1. Overview
8.5.2. Web Based Market Forecast and Analysis
9. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HEALTHCARE PROVIDERS
9.3.1. Overview
9.3.2. Healthcare Providers Market Forecast and Analysis
9.4. DISTRIBUTORS
9.4.1. Overview
9.4.2. Distributors Market Forecast and Analysis
9.5. MANUFACTURERS
9.5.1. Overview
9.5.2. Manufacturers Market Forecast and Analysis
10. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Healthcare Supply Chain Management Market Overview
10.1.2 North America Healthcare Supply Chain Management Market Forecasts and Analysis
10.1.3 North America Healthcare Supply Chain Management Market Forecasts and Analysis - By Component
10.1.4 North America Healthcare Supply Chain Management Market Forecasts and Analysis - By Delivery Model
10.1.5 North America Healthcare Supply Chain Management Market Forecasts and Analysis - By End User
10.1.6 North America Healthcare Supply Chain Management Market Forecasts and Analysis - By Countries
10.1.6.1 United States Healthcare Supply Chain Management Market
10.1.6.1.1 United States Healthcare Supply Chain Management Market by Component
10.1.6.1.2 United States Healthcare Supply Chain Management Market by Delivery Model
10.1.6.1.3 United States Healthcare Supply Chain Management Market by End User
10.1.6.2 Canada Healthcare Supply Chain Management Market
10.1.6.2.1 Canada Healthcare Supply Chain Management Market by Component
10.1.6.2.2 Canada Healthcare Supply Chain Management Market by Delivery Model
10.1.6.2.3 Canada Healthcare Supply Chain Management Market by End User
10.1.6.3 Mexico Healthcare Supply Chain Management Market
10.1.6.3.1 Mexico Healthcare Supply Chain Management Market by Component
10.1.6.3.2 Mexico Healthcare Supply Chain Management Market by Delivery Model
10.1.6.3.3 Mexico Healthcare Supply Chain Management Market by End User
10.2. EUROPE
10.2.1 Europe Healthcare Supply Chain Management Market Overview
10.2.2 Europe Healthcare Supply Chain Management Market Forecasts and Analysis
10.2.3 Europe Healthcare Supply Chain Management Market Forecasts and Analysis - By Component
10.2.4 Europe Healthcare Supply Chain Management Market Forecasts and Analysis - By Delivery Model
10.2.5 Europe Healthcare Supply Chain Management Market Forecasts and Analysis - By End User
10.2.6 Europe Healthcare Supply Chain Management Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Healthcare Supply Chain Management Market
10.2.6.1.1 Germany Healthcare Supply Chain Management Market by Component
10.2.6.1.2 Germany Healthcare Supply Chain Management Market by Delivery Model
10.2.6.1.3 Germany Healthcare Supply Chain Management Market by End User
10.2.6.2 France Healthcare Supply Chain Management Market
10.2.6.2.1 France Healthcare Supply Chain Management Market by Component
10.2.6.2.2 France Healthcare Supply Chain Management Market by Delivery Model
10.2.6.2.3 France Healthcare Supply Chain Management Market by End User
10.2.6.3 Italy Healthcare Supply Chain Management Market
10.2.6.3.1 Italy Healthcare Supply Chain Management Market by Component
10.2.6.3.2 Italy Healthcare Supply Chain Management Market by Delivery Model
10.2.6.3.3 Italy Healthcare Supply Chain Management Market by End User
10.2.6.4 Spain Healthcare Supply Chain Management Market
10.2.6.4.1 Spain Healthcare Supply Chain Management Market by Component
10.2.6.4.2 Spain Healthcare Supply Chain Management Market by Delivery Model
10.2.6.4.3 Spain Healthcare Supply Chain Management Market by End User
10.2.6.5 United Kingdom Healthcare Supply Chain Management Market
10.2.6.5.1 United Kingdom Healthcare Supply Chain Management Market by Component
10.2.6.5.2 United Kingdom Healthcare Supply Chain Management Market by Delivery Model
10.2.6.5.3 United Kingdom Healthcare Supply Chain Management Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Healthcare Supply Chain Management Market Overview
10.3.2 Asia-Pacific Healthcare Supply Chain Management Market Forecasts and Analysis
10.3.3 Asia-Pacific Healthcare Supply Chain Management Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Healthcare Supply Chain Management Market Forecasts and Analysis - By Delivery Model
10.3.5 Asia-Pacific Healthcare Supply Chain Management Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Healthcare Supply Chain Management Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Healthcare Supply Chain Management Market
10.3.6.1.1 Australia Healthcare Supply Chain Management Market by Component
10.3.6.1.2 Australia Healthcare Supply Chain Management Market by Delivery Model
10.3.6.1.3 Australia Healthcare Supply Chain Management Market by End User
10.3.6.2 China Healthcare Supply Chain Management Market
10.3.6.2.1 China Healthcare Supply Chain Management Market by Component
10.3.6.2.2 China Healthcare Supply Chain Management Market by Delivery Model
10.3.6.2.3 China Healthcare Supply Chain Management Market by End User
10.3.6.3 India Healthcare Supply Chain Management Market
10.3.6.3.1 India Healthcare Supply Chain Management Market by Component
10.3.6.3.2 India Healthcare Supply Chain Management Market by Delivery Model
10.3.6.3.3 India Healthcare Supply Chain Management Market by End User
10.3.6.4 Japan Healthcare Supply Chain Management Market
10.3.6.4.1 Japan Healthcare Supply Chain Management Market by Component
10.3.6.4.2 Japan Healthcare Supply Chain Management Market by Delivery Model
10.3.6.4.3 Japan Healthcare Supply Chain Management Market by End User
10.3.6.5 South Korea Healthcare Supply Chain Management Market
10.3.6.5.1 South Korea Healthcare Supply Chain Management Market by Component
10.3.6.5.2 South Korea Healthcare Supply Chain Management Market by Delivery Model
10.3.6.5.3 South Korea Healthcare Supply Chain Management Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Healthcare Supply Chain Management Market Overview
10.4.2 Middle East and Africa Healthcare Supply Chain Management Market Forecasts and Analysis
10.4.3 Middle East and Africa Healthcare Supply Chain Management Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Healthcare Supply Chain Management Market Forecasts and Analysis - By Delivery Model
10.4.5 Middle East and Africa Healthcare Supply Chain Management Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Healthcare Supply Chain Management Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Healthcare Supply Chain Management Market
10.4.6.1.1 South Africa Healthcare Supply Chain Management Market by Component
10.4.6.1.2 South Africa Healthcare Supply Chain Management Market by Delivery Model
10.4.6.1.3 South Africa Healthcare Supply Chain Management Market by End User
10.4.6.2 Saudi Arabia Healthcare Supply Chain Management Market
10.4.6.2.1 Saudi Arabia Healthcare Supply Chain Management Market by Component
10.4.6.2.2 Saudi Arabia Healthcare Supply Chain Management Market by Delivery Model
10.4.6.2.3 Saudi Arabia Healthcare Supply Chain Management Market by End User
10.4.6.3 U.A.E Healthcare Supply Chain Management Market
10.4.6.3.1 U.A.E Healthcare Supply Chain Management Market by Component
10.4.6.3.2 U.A.E Healthcare Supply Chain Management Market by Delivery Model
10.4.6.3.3 U.A.E Healthcare Supply Chain Management Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Healthcare Supply Chain Management Market Overview
10.5.2 South and Central America Healthcare Supply Chain Management Market Forecasts and Analysis
10.5.3 South and Central America Healthcare Supply Chain Management Market Forecasts and Analysis - By Component
10.5.4 South and Central America Healthcare Supply Chain Management Market Forecasts and Analysis - By Delivery Model
10.5.5 South and Central America Healthcare Supply Chain Management Market Forecasts and Analysis - By End User
10.5.6 South and Central America Healthcare Supply Chain Management Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Healthcare Supply Chain Management Market
10.5.6.1.1 Brazil Healthcare Supply Chain Management Market by Component
10.5.6.1.2 Brazil Healthcare Supply Chain Management Market by Delivery Model
10.5.6.1.3 Brazil Healthcare Supply Chain Management Market by End User
10.5.6.2 Argentina Healthcare Supply Chain Management Market
10.5.6.2.1 Argentina Healthcare Supply Chain Management Market by Component
10.5.6.2.2 Argentina Healthcare Supply Chain Management Market by Delivery Model
10.5.6.2.3 Argentina Healthcare Supply Chain Management 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. HEALTHCARE SUPPLY CHAIN MANAGEMENT MARKET, KEY COMPANY PROFILES
12.1. ADVOCATE HEALTH CARE, INC.
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. AMERISOURCEBERGEN 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. INTERMOUNTAIN HEALTHCARE
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. MCKESSON CORPORATION
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. PROVIDENCE HEALTH AND SERVICES
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. SAP SE
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. SPENDVU
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. STERLING HEALTHCARE LOGISTICS.
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. VIZIENT 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. VUEMED
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
The List of Companies
1. Advocate Health Care, Inc.
2. AmerisourceBergen Corporation
3. Intermountain Healthcare
4. McKesson Corporation
5. Providence Health & Services
6. SAP SE
7. SpendVu
8. STERLING HEALTHCARE LOGISTICS.
9. Vizient Inc.
10. VUEMED
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.
Get Free Sample For