Hemodialysis Market Opportunities 2031
Hemodialysis is a process of purifying a person's blood whose kidneys are not working normally by using an artificial membrane for waste removal from the blood, restoring the proper balance of electrolytes in the blood, and eliminating extra fluid from the body. Hemodialysis functions are similar to an artificial kidney. The process of filtration and removal is performed by the hemodialyzer. It filters out toxins and removes excess fluid from the blood. There are various types of hemodialysis, such as in-center hemodialysis, home hemodialysis, and daily home hemodialysis.
MARKET SCOPE
The "Global Hemodialysis 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 hemodialysis market with detailed market segmentation by type, product and service, end user, and geography. The report provides key statistics on the market status of the leading hemodialysis market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global hemodialysis market is segmented into conventional (3 times per week), daily (6 days a week), and nocturnal (3-6 nights per week).
- Based on product and service, the market is segmented into equipment, consumable, drug, and service.
- On the basis of end-users, the market is bifurcated into in-center dialysis and home dialysis.
MARKET DYNAMICS
Drivers:
- Rise in incidence of hypertension and diabetes.
- Increase in the number of end-stage renal disorder (ESRD) patients.
- Lack of kidneys availability for transplants.
- Growing funding for improved dialysis products and services.
Restraints:
- Numerous product recalls.
- Complications and risks associated with dialysis.
REGIONAL FRAMEWORK
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 hemodialysis 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 hemodialysis market in these regions.
IMPACT OF COVID-19ON HEMODIALYSIS 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has initially affected the hemodialysis market growth due to the lockdown situation in various countries that caused the delay in diagnosis and treatments to prevent the spread of the virus, which led to a reduction in hospital visits. The pandemic has affected hemodialysis procedures, as people suffering from illnesses, such as acute kidney injury, hypertension, and diabetes, were expected to experience a higher fatality rate, and the people hospitalized with COVID-19 were at significant risk of chronic kidney disease. Therefore, the increasing incidences of kidney failure and chronic renal dysfunction due to COVID-19 were anticipated to promote market growth. Also, the removal of restrictive and the continuation of therapeutic procedures will help the market to grow in the future.
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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 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 hemodialysis 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 hemodialysis market in these regions.
IMPACT OF COVID-19ON HEMODIALYSIS 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has initially affected the hemodialysis market growth due to the lockdown situation in various countries that caused the delay in diagnosis and treatments to prevent the spread of the virus, which led to a reduction in hospital visits. The pandemic has affected hemodialysis procedures, as people suffering from illnesses, such as acute kidney injury, hypertension, and diabetes, were expected to experience a higher fatality rate, and the people hospitalized with COVID-19 were at significant risk of chronic kidney disease. Therefore, the increasing incidences of kidney failure and chronic renal dysfunction due to COVID-19 were anticipated to promote market growth. Also, the removal of restrictive and the continuation of therapeutic procedures will help the market to grow in the future.
MARKET PLAYERS
The report covers key developments in the hemodialysis 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 the expansion of business and customer base of market players. The market players from hemodialysis market are anticipated to have lucrative growth opportunities in the future with the rising demand for hemodialysis in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hemodialysis 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.
- Asahi Kasei Corporation
- Fresenius Medical Care AG & Co. KGaA
- B. Braun Melsungen AG
- Baxter International, Inc.
- DaVita, Inc.
- Diaverum
- Cantel Medical Corp.
- Nipro Corporation
- Nikkiso Co., Ltd.
- NxStage Medical, Inc.
- 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 Hemodialysis Market - By Type
1.3.2 Hemodialysis Market - By Product and service
1.3.3 Hemodialysis Market - By End user
1.3.4 Hemodialysis Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEMODIALYSIS 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. HEMODIALYSIS 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. HEMODIALYSIS MARKET - GLOBAL MARKET ANALYSIS
6.1. HEMODIALYSIS - GLOBAL MARKET OVERVIEW
6.2. HEMODIALYSIS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEMODIALYSIS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL (3 TIMES PER WEEK)
7.3.1. Overview
7.3.2. conventional (3 times per week) Market Forecast and Analysis
7.4. DAILY (6 DAYS A WEEK)
7.4.1. Overview
7.4.2. daily (6 days a week) Market Forecast and Analysis
7.5. NOCTURNAL (3-6 NIGHTS PER WEEK)
7.5.1. Overview
7.5.2. nocturnal (3-6 nights per week) Market Forecast and Analysis
8. HEMODIALYSIS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT AND SERVICE
8.1. OVERVIEW
8.2. PRODUCT AND SERVICE MARKET FORECASTS AND ANALYSIS
8.3. EQUIPMENT
8.3.1. Overview
8.3.2. equipment Market Forecast and Analysis
8.4. CONSUMABLE
8.4.1. Overview
8.4.2. consumable Market Forecast and Analysis
8.5. DRUG
8.5.1. Overview
8.5.2. drug Market Forecast and Analysis
8.6. SERVICE
8.6.1. Overview
8.6.2. service Market Forecast and Analysis
9. HEMODIALYSIS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. IN-CENTER DIALYSIS
9.3.1. Overview
9.3.2. in-center dialysis Market Forecast and Analysis
9.4. HOME DIALYSIS
9.4.1. Overview
9.4.2. home dialysis Market Forecast and Analysis
10. HEMODIALYSIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Hemodialysis Market Overview
10.1.2 North America Hemodialysis Market Forecasts and Analysis
10.1.3 North America Hemodialysis Market Forecasts and Analysis - By Type
10.1.4 North America Hemodialysis Market Forecasts and Analysis - By Product and service
10.1.5 North America Hemodialysis Market Forecasts and Analysis - By End user
10.1.6 North America Hemodialysis Market Forecasts and Analysis - By Countries
10.1.6.1 United States Hemodialysis Market
10.1.6.1.1 United States Hemodialysis Market by Type
10.1.6.1.2 United States Hemodialysis Market by Product and service
10.1.6.1.3 United States Hemodialysis Market by End user
10.1.6.2 Canada Hemodialysis Market
10.1.6.2.1 Canada Hemodialysis Market by Type
10.1.6.2.2 Canada Hemodialysis Market by Product and service
10.1.6.2.3 Canada Hemodialysis Market by End user
10.1.6.3 Mexico Hemodialysis Market
10.1.6.3.1 Mexico Hemodialysis Market by Type
10.1.6.3.2 Mexico Hemodialysis Market by Product and service
10.1.6.3.3 Mexico Hemodialysis Market by End user
10.2. EUROPE
10.2.1 Europe Hemodialysis Market Overview
10.2.2 Europe Hemodialysis Market Forecasts and Analysis
10.2.3 Europe Hemodialysis Market Forecasts and Analysis - By Type
10.2.4 Europe Hemodialysis Market Forecasts and Analysis - By Product and service
10.2.5 Europe Hemodialysis Market Forecasts and Analysis - By End user
10.2.6 Europe Hemodialysis Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Hemodialysis Market
10.2.6.1.1 Germany Hemodialysis Market by Type
10.2.6.1.2 Germany Hemodialysis Market by Product and service
10.2.6.1.3 Germany Hemodialysis Market by End user
10.2.6.2 France Hemodialysis Market
10.2.6.2.1 France Hemodialysis Market by Type
10.2.6.2.2 France Hemodialysis Market by Product and service
10.2.6.2.3 France Hemodialysis Market by End user
10.2.6.3 Italy Hemodialysis Market
10.2.6.3.1 Italy Hemodialysis Market by Type
10.2.6.3.2 Italy Hemodialysis Market by Product and service
10.2.6.3.3 Italy Hemodialysis Market by End user
10.2.6.4 Spain Hemodialysis Market
10.2.6.4.1 Spain Hemodialysis Market by Type
10.2.6.4.2 Spain Hemodialysis Market by Product and service
10.2.6.4.3 Spain Hemodialysis Market by End user
10.2.6.5 United Kingdom Hemodialysis Market
10.2.6.5.1 United Kingdom Hemodialysis Market by Type
10.2.6.5.2 United Kingdom Hemodialysis Market by Product and service
10.2.6.5.3 United Kingdom Hemodialysis Market by End user
10.2.6.6 Rest of Europe Hemodialysis Market
10.2.6.6.1 Rest of Europe Hemodialysis Market by Type
10.2.6.6.2 Rest of Europe Hemodialysis Market by Product and service
10.2.6.6.3 Rest of Europe Hemodialysis Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Hemodialysis Market Overview
10.3.2 Asia-Pacific Hemodialysis Market Forecasts and Analysis
10.3.3 Asia-Pacific Hemodialysis Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Hemodialysis Market Forecasts and Analysis - By Product and service
10.3.5 Asia-Pacific Hemodialysis Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Hemodialysis Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Hemodialysis Market
10.3.6.1.1 Australia Hemodialysis Market by Type
10.3.6.1.2 Australia Hemodialysis Market by Product and service
10.3.6.1.3 Australia Hemodialysis Market by End user
10.3.6.2 China Hemodialysis Market
10.3.6.2.1 China Hemodialysis Market by Type
10.3.6.2.2 China Hemodialysis Market by Product and service
10.3.6.2.3 China Hemodialysis Market by End user
10.3.6.3 India Hemodialysis Market
10.3.6.3.1 India Hemodialysis Market by Type
10.3.6.3.2 India Hemodialysis Market by Product and service
10.3.6.3.3 India Hemodialysis Market by End user
10.3.6.4 Japan Hemodialysis Market
10.3.6.4.1 Japan Hemodialysis Market by Type
10.3.6.4.2 Japan Hemodialysis Market by Product and service
10.3.6.4.3 Japan Hemodialysis Market by End user
10.3.6.5 South Korea Hemodialysis Market
10.3.6.5.1 South Korea Hemodialysis Market by Type
10.3.6.5.2 South Korea Hemodialysis Market by Product and service
10.3.6.5.3 South Korea Hemodialysis Market by End user
10.3.6.6 Rest of Asia-Pacific Hemodialysis Market
10.3.6.6.1 Rest of Asia-Pacific Hemodialysis Market by Type
10.3.6.6.2 Rest of Asia-Pacific Hemodialysis Market by Product and service
10.3.6.6.3 Rest of Asia-Pacific Hemodialysis Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Hemodialysis Market Overview
10.4.2 Middle East and Africa Hemodialysis Market Forecasts and Analysis
10.4.3 Middle East and Africa Hemodialysis Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Hemodialysis Market Forecasts and Analysis - By Product and service
10.4.5 Middle East and Africa Hemodialysis Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Hemodialysis Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Hemodialysis Market
10.4.6.1.1 South Africa Hemodialysis Market by Type
10.4.6.1.2 South Africa Hemodialysis Market by Product and service
10.4.6.1.3 South Africa Hemodialysis Market by End user
10.4.6.2 Saudi Arabia Hemodialysis Market
10.4.6.2.1 Saudi Arabia Hemodialysis Market by Type
10.4.6.2.2 Saudi Arabia Hemodialysis Market by Product and service
10.4.6.2.3 Saudi Arabia Hemodialysis Market by End user
10.4.6.3 U.A.E Hemodialysis Market
10.4.6.3.1 U.A.E Hemodialysis Market by Type
10.4.6.3.2 U.A.E Hemodialysis Market by Product and service
10.4.6.3.3 U.A.E Hemodialysis Market by End user
10.4.6.4 Rest of Middle East and Africa Hemodialysis Market
10.4.6.4.1 Rest of Middle East and Africa Hemodialysis Market by Type
10.4.6.4.2 Rest of Middle East and Africa Hemodialysis Market by Product and service
10.4.6.4.3 Rest of Middle East and Africa Hemodialysis Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Hemodialysis Market Overview
10.5.2 South and Central America Hemodialysis Market Forecasts and Analysis
10.5.3 South and Central America Hemodialysis Market Forecasts and Analysis - By Type
10.5.4 South and Central America Hemodialysis Market Forecasts and Analysis - By Product and service
10.5.5 South and Central America Hemodialysis Market Forecasts and Analysis - By End user
10.5.6 South and Central America Hemodialysis Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Hemodialysis Market
10.5.6.1.1 Brazil Hemodialysis Market by Type
10.5.6.1.2 Brazil Hemodialysis Market by Product and service
10.5.6.1.3 Brazil Hemodialysis Market by End user
10.5.6.2 Argentina Hemodialysis Market
10.5.6.2.1 Argentina Hemodialysis Market by Type
10.5.6.2.2 Argentina Hemodialysis Market by Product and service
10.5.6.2.3 Argentina Hemodialysis Market by End user
10.5.6.3 Rest of South and Central America Hemodialysis Market
10.5.6.3.1 Rest of South and Central America Hemodialysis Market by Type
10.5.6.3.2 Rest of South and Central America Hemodialysis Market by Product and service
10.5.6.3.3 Rest of South and Central America Hemodialysis 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. HEMODIALYSIS MARKET, KEY COMPANY PROFILES
12.1. ASAHI KASEI CORPORATION
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. FRESENIUS MEDICAL CARE AG AND CO. KGAA
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. B. BRAUN MELSUNGEN AG
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. BAXTER INTERNATIONAL, 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. DAVITA, INC.
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. DIAVERUM
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. CANTEL MEDICAL CORP.
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. NIPRO CORPORATION
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. NIKKISO CO., LTD.
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. NXSTAGE MEDICAL, INC.
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. Asahi Kasei Corporation
2. Fresenius Medical Care AG and Co. KGaA
3. B. Braun Melsungen AG
4. Baxter International, Inc.
5. DaVita, Inc.
6. Diaverum
7. Cantel Medical Corp.
8. Nipro Corporation
9. Nikkiso Co., Ltd.
10. NxStage Medical, Inc.
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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