Human Genetics Market 2021-2031: Share and Forecast
The Human Genetics Market is expected to register a CAGR of 9.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Human Genetics Market report is categorized by product into the following subsegments: Instruments, Consumables, and Accessories. It further presents an analysis based on application, i.e., Drug Development, Research, Forensic, and Diagnostics. The end-users include Pharmaceutical and Biotechnological Companies, Diagnostics Centers, Forensic Centers, and Research Centers. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Human Genetics 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.
Human Genetics Market Segmentation
Product- Instruments
- Consumables
- Accessories
- Drug Development
- Research
- Forensic
- Diagnostics
- Pharmaceutical and Biotechnological Companies
- Diagnostics Centers
- Forensic Centers
- Research Centers
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Human Genetics Market Growth Drivers- Growing genetic diseases: Genetic diseases, including cancer and other related diseases transmitted by inheritance and like diseases always grow with time. As awareness of genetic conditions continues to grow and people become more cognizant of their risks, demand increases and more testing and diagnosis lead to a greater need for tools and technologies in human genetics.
- Increased investments in genetic research and gene therapies: Surging funds granted by government agencies as well as private companies to finance genetic research and gene therapies are driving innovations in the human genetics market. These human genetics technologies demand are increasing each day because biopharmaceutical companies and research institutions continually develop new genetic therapies. Today, a wide range of areas, from drug development to diagnostic and forensic analysis, are all based on these technologies.
- Advancements in Genomic Technologies: Advances in genomics technologies, including next-generation sequencing (NGS), CRISPR gene editing, and genome-wide association studies (GWAS), are accelerating growth in the human genetics market. These technologies provide more efficient and precise tools for genetic testing, personalized medicine, and research.
- Integration of AI and ML into genetic research: AI and Machine Learning into Genetic Research With AI and ML, genetic research is going to take a new turn. AI and ML in the ambit of genetic research are going to transform the domain fundamentally. AI and ML will be used in the analysis of gigantic genomic data, finding patterns, or predicting disease risk or drug efficacy. Next-generation AI and ML will take the innovation in human genetics a step ahead, as they will significantly make research more efficient and cost-effective.
- Larger Interest for CRISPR and Gene Editing Technologies: More importantly, the genes and gene editing technologies, especially the CRISPR system, will largely dominate the future of human genetics with great interest. The whole related paradigm about the treatment of genetic disorders will shift and open up new avenues regarding drug development, cancer therapy, and agricultural biotechnological breakthroughs. Further scientific development and commercialization of CRISPR-based therapies will enhance not only the production of research-related products but also the products related to clinical applications of human genetics.
- Direct-to-Consumer Genetic Testing: The rise of direct-to-consumer (DTC) genetic testing services is a prominent trend. Companies like 23andMe and Ancestry.com offer affordable genetic testing to consumers, allowing them to explore ancestry, health risks, and traits. This trend is democratizing access to genetic information and increasing public awareness of genetics.
- Personalized medicine: This domain is bringing in broad growth opportunities to the market for human genetics. Personalized medicine is increasing the precision of the drug treatment process based on an individual's genetic profile. Genetic testing and profiling tools serve a very vital role in the creation of customized therapies.
- Applications in Forensics and Law Enforcement: The application of human genetics technologies in forensics is a growing area, with genetic testing utilized in ever-greater numbers for forensic crime investigations, paternity testing, and the identification of human victims of disasters. The use of forensic genetic tools is likely to expand with advances and spread applications in law enforcement and in legal processes.
- Opportunities in Rare and Inherited Disease Research: There is much unmet medical need as regards effective treatment for various rare genetic diseases, which are overwhelmingly of genetic origin. This unmet need also offers opportunities to pharmaceutical, biotechnology, and genetical researchers for developing directed therapies and diagnostic tests that may become game-changers in treating rare disease conditions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Human Genetics 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 Human Genetics 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?
Mrinal
Mrinal 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Companies that form the backbone of this industry include: Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Illumina, Inc, Promega Corporation, General Electric, QIAGEN, Bio-Rad Laboratories, Inc., LGC Limited, Bode Cellmark Forensics, Inc, Horiba,
The increased diagnosis of genetic disorders, interests in genome editing technologies such as CRISPR, and increased applications of genetic counseling, among others are future trends.
The market is expected to register a CAGR of 9.3% during 2023-2031.
The rise in demand for genetic testing, increased awareness of personalized medicine, and more technological developments in genome sequencing are a few important drivers for the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Human Genetics Market - By Product
1.3.2 Human Genetics Market - By Application
1.3.3 Human Genetics Market - By End User
1.3.4 Human Genetics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HUMAN GENETICS 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. HUMAN GENETICS 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. HUMAN GENETICS MARKET - GLOBAL MARKET ANALYSIS
6.1. HUMAN GENETICS - GLOBAL MARKET OVERVIEW
6.2. HUMAN GENETICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HUMAN GENETICS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. INSTRUMENTS
7.3.1. Overview
7.3.2. Instruments Market Forecast and Analysis
7.4. CONSUMABLES
7.4.1. Overview
7.4.2. Consumables Market Forecast and Analysis
7.5. ACCESSORIES
7.5.1. Overview
7.5.2. Accessories Market Forecast and Analysis
8. HUMAN GENETICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DRUG DEVELOPMENT
8.3.1. Overview
8.3.2. Drug Development Market Forecast and Analysis
8.4. RESEARCH
8.4.1. Overview
8.4.2. Research Market Forecast and Analysis
8.5. FORENSIC
8.5.1. Overview
8.5.2. Forensic Market Forecast and Analysis
8.6. DIAGNOSTICS
8.6.1. Overview
8.6.2. Diagnostics Market Forecast and Analysis
9. HUMAN GENETICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. PHARMACEUTICAL AND BIOTECHNOLOGICAL COMPANIES
9.3.1. Overview
9.3.2. Pharmaceutical and Biotechnological Companies Market Forecast and Analysis
9.4. DIAGNOSTICS CENTERS
9.4.1. Overview
9.4.2. Diagnostics Centers Market Forecast and Analysis
9.5. FORENSIC CENTERS
9.5.1. Overview
9.5.2. Forensic Centers Market Forecast and Analysis
9.6. RESEARCH CENTERS
9.6.1. Overview
9.6.2. Research Centers Market Forecast and Analysis
10. HUMAN GENETICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Human Genetics Market Overview
10.1.2 North America Human Genetics Market Forecasts and Analysis
10.1.3 North America Human Genetics Market Forecasts and Analysis - By Product
10.1.4 North America Human Genetics Market Forecasts and Analysis - By Application
10.1.5 North America Human Genetics Market Forecasts and Analysis - By End User
10.1.6 North America Human Genetics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Human Genetics Market
10.1.6.1.1 United States Human Genetics Market by Product
10.1.6.1.2 United States Human Genetics Market by Application
10.1.6.1.3 United States Human Genetics Market by End User
10.1.6.2 Canada Human Genetics Market
10.1.6.2.1 Canada Human Genetics Market by Product
10.1.6.2.2 Canada Human Genetics Market by Application
10.1.6.2.3 Canada Human Genetics Market by End User
10.1.6.3 Mexico Human Genetics Market
10.1.6.3.1 Mexico Human Genetics Market by Product
10.1.6.3.2 Mexico Human Genetics Market by Application
10.1.6.3.3 Mexico Human Genetics Market by End User
10.2. EUROPE
10.2.1 Europe Human Genetics Market Overview
10.2.2 Europe Human Genetics Market Forecasts and Analysis
10.2.3 Europe Human Genetics Market Forecasts and Analysis - By Product
10.2.4 Europe Human Genetics Market Forecasts and Analysis - By Application
10.2.5 Europe Human Genetics Market Forecasts and Analysis - By End User
10.2.6 Europe Human Genetics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Human Genetics Market
10.2.6.1.1 Germany Human Genetics Market by Product
10.2.6.1.2 Germany Human Genetics Market by Application
10.2.6.1.3 Germany Human Genetics Market by End User
10.2.6.2 France Human Genetics Market
10.2.6.2.1 France Human Genetics Market by Product
10.2.6.2.2 France Human Genetics Market by Application
10.2.6.2.3 France Human Genetics Market by End User
10.2.6.3 Italy Human Genetics Market
10.2.6.3.1 Italy Human Genetics Market by Product
10.2.6.3.2 Italy Human Genetics Market by Application
10.2.6.3.3 Italy Human Genetics Market by End User
10.2.6.4 Spain Human Genetics Market
10.2.6.4.1 Spain Human Genetics Market by Product
10.2.6.4.2 Spain Human Genetics Market by Application
10.2.6.4.3 Spain Human Genetics Market by End User
10.2.6.5 United Kingdom Human Genetics Market
10.2.6.5.1 United Kingdom Human Genetics Market by Product
10.2.6.5.2 United Kingdom Human Genetics Market by Application
10.2.6.5.3 United Kingdom Human Genetics Market by End User
10.2.6.6 Rest of Europe Human Genetics Market
10.2.6.6.1 Rest of Europe Human Genetics Market by Product
10.2.6.6.2 Rest of Europe Human Genetics Market by Application
10.2.6.6.3 Rest of Europe Human Genetics Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Human Genetics Market Overview
10.3.2 Asia-Pacific Human Genetics Market Forecasts and Analysis
10.3.3 Asia-Pacific Human Genetics Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Human Genetics Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Human Genetics Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Human Genetics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Human Genetics Market
10.3.6.1.1 Australia Human Genetics Market by Product
10.3.6.1.2 Australia Human Genetics Market by Application
10.3.6.1.3 Australia Human Genetics Market by End User
10.3.6.2 China Human Genetics Market
10.3.6.2.1 China Human Genetics Market by Product
10.3.6.2.2 China Human Genetics Market by Application
10.3.6.2.3 China Human Genetics Market by End User
10.3.6.3 India Human Genetics Market
10.3.6.3.1 India Human Genetics Market by Product
10.3.6.3.2 India Human Genetics Market by Application
10.3.6.3.3 India Human Genetics Market by End User
10.3.6.4 Japan Human Genetics Market
10.3.6.4.1 Japan Human Genetics Market by Product
10.3.6.4.2 Japan Human Genetics Market by Application
10.3.6.4.3 Japan Human Genetics Market by End User
10.3.6.5 South Korea Human Genetics Market
10.3.6.5.1 South Korea Human Genetics Market by Product
10.3.6.5.2 South Korea Human Genetics Market by Application
10.3.6.5.3 South Korea Human Genetics Market by End User
10.3.6.6 Rest of Asia-Pacific Human Genetics Market
10.3.6.6.1 Rest of Asia-Pacific Human Genetics Market by Product
10.3.6.6.2 Rest of Asia-Pacific Human Genetics Market by Application
10.3.6.6.3 Rest of Asia-Pacific Human Genetics Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Human Genetics Market Overview
10.4.2 Middle East and Africa Human Genetics Market Forecasts and Analysis
10.4.3 Middle East and Africa Human Genetics Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Human Genetics Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Human Genetics Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Human Genetics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Human Genetics Market
10.4.6.1.1 South Africa Human Genetics Market by Product
10.4.6.1.2 South Africa Human Genetics Market by Application
10.4.6.1.3 South Africa Human Genetics Market by End User
10.4.6.2 Saudi Arabia Human Genetics Market
10.4.6.2.1 Saudi Arabia Human Genetics Market by Product
10.4.6.2.2 Saudi Arabia Human Genetics Market by Application
10.4.6.2.3 Saudi Arabia Human Genetics Market by End User
10.4.6.3 U.A.E Human Genetics Market
10.4.6.3.1 U.A.E Human Genetics Market by Product
10.4.6.3.2 U.A.E Human Genetics Market by Application
10.4.6.3.3 U.A.E Human Genetics Market by End User
10.4.6.4 Rest of Middle East and Africa Human Genetics Market
10.4.6.4.1 Rest of Middle East and Africa Human Genetics Market by Product
10.4.6.4.2 Rest of Middle East and Africa Human Genetics Market by Application
10.4.6.4.3 Rest of Middle East and Africa Human Genetics Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Human Genetics Market Overview
10.5.2 South and Central America Human Genetics Market Forecasts and Analysis
10.5.3 South and Central America Human Genetics Market Forecasts and Analysis - By Product
10.5.4 South and Central America Human Genetics Market Forecasts and Analysis - By Application
10.5.5 South and Central America Human Genetics Market Forecasts and Analysis - By End User
10.5.6 South and Central America Human Genetics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Human Genetics Market
10.5.6.1.1 Brazil Human Genetics Market by Product
10.5.6.1.2 Brazil Human Genetics Market by Application
10.5.6.1.3 Brazil Human Genetics Market by End User
10.5.6.2 Argentina Human Genetics Market
10.5.6.2.1 Argentina Human Genetics Market by Product
10.5.6.2.2 Argentina Human Genetics Market by Application
10.5.6.2.3 Argentina Human Genetics Market by End User
10.5.6.3 Rest of South and Central America Human Genetics Market
10.5.6.3.1 Rest of South and Central America Human Genetics Market by Product
10.5.6.3.2 Rest of South and Central America Human Genetics Market by Application
10.5.6.3.3 Rest of South and Central America Human Genetics 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. HUMAN GENETICS MARKET, KEY COMPANY PROFILES
12.1. THERMO FISHER SCIENTIFIC, 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. AGILENT TECHNOLOGIES, 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. ILLUMINA, 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. PROMEGA 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. GENERAL ELECTRIC
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. QIAGEN
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. BIO-RAD LABORATORIES, INC.
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. LGC LIMITED
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. BODE CELLMARK FORENSICS, 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. HORIBA
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. Thermo Fisher Scientific, Inc.
2. Agilent Technologies, Inc.
3. Illumina, Inc.
4. Promega Corporation
5. General Electric
6. QIAGEN
7. Bio-Rad Laboratories, Inc.
8. LGC Limited
9. Bode Cellmark Forensics, Inc
10. Horiba
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