Infection Prevention Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Infection Prevention Devices Market covers analysis By Type (Infection Prevention Equipment, Infection Prevention Suppliers, and Medical Waste Disposable Devices); End Use (Hospital, Clinical Laboratories, Life-Sciences Industries, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00024409
  • Category : Life Sciences
  • No. of Pages : 150
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Infection Prevention Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW

Infections are majorly caused because of microorganisms such as viruses, bacteria, and fungi or parasites. Infections can be of different types like the stomach and intestinal infections, lung & respiratory infections, eye infections, ear infections, hospital-acquired infections (HAIs), skin infections, and sexually transmitted infections. These infections can be caused by the cross-infection from the surface and skin of the patient, equipment, and healthcare staff. Different products and services available to control infections include sterilization, cleaning & disinfection products, protective barriers, and endoscope reprocessing products. Infection Prevention Devices are used to aid in the assessment of infection prevention programs and practices. Few recent examples of these devices are PPE Kits, Hand Sanitisers, masks, etc. In terms of products, examples of infection prevention are disinfectants, antimicrobials, etc.

MARKET SCOPE

The "Global Infection Prevention Devices Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Infection prevention devices market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Infection prevention devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on type, the global Infection prevention devices market is segmented into infection prevention equipment, infection prevention suppliers, medical waste disposable devices.
  •  On the basis of end use, the market is segmented into hospital, clinical laboratories, life-sciences industries, others.

MARKET DYNAMICS

Drivers:

  •  Rise in the concern for prevention of diseases and disorders.
  •  Rise in the geriatric population.
  •  Rise in technological advancements.
  •  Growing numbers of surgical procedures.

Restraints:

  •  The lack of preference of patients to visit hospitals and other healthcare facilities due to high costs of treatment is the major restraining factor for this market.

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 Infection prevention devices 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 marketduring 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 Infection prevention devices market in these regions.

IMPACT OF COVID-19ON INFECTION PREVENTION DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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MARKET PLAYERS


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 Infection prevention devices 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 marketduring 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 Infection prevention devices market in these regions.

IMPACT OF COVID-19ON INFECTION PREVENTION DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Infection prevention devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Infection prevention devices market are anticipated to lucrative growth opportunities in the future with the rising demand for Infection prevention devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Infection prevention devices 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.

  •  Advanced Sterilization Products
  •  Cardinal Health
  •  PAUL HARTMANN AG
  •  Mölnlycke Health Care AB
  •  3M
  •  B. Braun Melsungen AG
  •  Medline Industries, Inc.
  •  ANSELL LTD.
  •  Cantel Medical
  •  The Clorox Company
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.
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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 Infection Prevention Devices Market - By Type
1.3.2 Infection Prevention Devices Market - By End Use
1.3.3 Infection Prevention Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INFECTION PREVENTION DEVICES 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. INFECTION PREVENTION DEVICES 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. INFECTION PREVENTION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. INFECTION PREVENTION DEVICES - GLOBAL MARKET OVERVIEW
6.2. INFECTION PREVENTION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. INFECTION PREVENTION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INFECTION PREVENTION EQUIPMENT
7.3.1. Overview
7.3.2. Infection Prevention Equipment Market Forecast and Analysis
7.4. INFECTION PREVENTION SUPPLIERS
7.4.1. Overview
7.4.2. Infection Prevention Suppliers Market Forecast and Analysis
7.5. MEDICAL WASTE DISPOSABLE DEVICES
7.5.1. Overview
7.5.2. Medical Waste Disposable Devices Market Forecast and Analysis
8. INFECTION PREVENTION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINICAL LABORATORIES
8.4.1. Overview
8.4.2. Clinical Laboratories Market Forecast and Analysis
8.5. LIFE-SCIENCES INDUSTRIES
8.5.1. Overview
8.5.2. Life-Sciences Industries Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INFECTION PREVENTION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Infection Prevention Devices Market Overview
9.1.2 North America Infection Prevention Devices Market Forecasts and Analysis
9.1.3 North America Infection Prevention Devices Market Forecasts and Analysis - By Type
9.1.4 North America Infection Prevention Devices Market Forecasts and Analysis - By End Use
9.1.5 North America Infection Prevention Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Infection Prevention Devices Market
9.1.5.1.1 United States Infection Prevention Devices Market by Type
9.1.5.1.2 United States Infection Prevention Devices Market by End Use
9.1.5.2 Canada Infection Prevention Devices Market
9.1.5.2.1 Canada Infection Prevention Devices Market by Type
9.1.5.2.2 Canada Infection Prevention Devices Market by End Use
9.1.5.3 Mexico Infection Prevention Devices Market
9.1.5.3.1 Mexico Infection Prevention Devices Market by Type
9.1.5.3.2 Mexico Infection Prevention Devices Market by End Use
9.2. EUROPE
9.2.1 Europe Infection Prevention Devices Market Overview
9.2.2 Europe Infection Prevention Devices Market Forecasts and Analysis
9.2.3 Europe Infection Prevention Devices Market Forecasts and Analysis - By Type
9.2.4 Europe Infection Prevention Devices Market Forecasts and Analysis - By End Use
9.2.5 Europe Infection Prevention Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Infection Prevention Devices Market
9.2.5.1.1 Germany Infection Prevention Devices Market by Type
9.2.5.1.2 Germany Infection Prevention Devices Market by End Use
9.2.5.2 France Infection Prevention Devices Market
9.2.5.2.1 France Infection Prevention Devices Market by Type
9.2.5.2.2 France Infection Prevention Devices Market by End Use
9.2.5.3 Italy Infection Prevention Devices Market
9.2.5.3.1 Italy Infection Prevention Devices Market by Type
9.2.5.3.2 Italy Infection Prevention Devices Market by End Use
9.2.5.4 Spain Infection Prevention Devices Market
9.2.5.4.1 Spain Infection Prevention Devices Market by Type
9.2.5.4.2 Spain Infection Prevention Devices Market by End Use
9.2.5.5 United Kingdom Infection Prevention Devices Market
9.2.5.5.1 United Kingdom Infection Prevention Devices Market by Type
9.2.5.5.2 United Kingdom Infection Prevention Devices Market by End Use
9.2.5.6 Rest of Europe Infection Prevention Devices Market
9.2.5.6.1 Rest of Europe Infection Prevention Devices Market by Type
9.2.5.6.2 Rest of Europe Infection Prevention Devices Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Infection Prevention Devices Market Overview
9.3.2 Asia-Pacific Infection Prevention Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Infection Prevention Devices Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Infection Prevention Devices Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Infection Prevention Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Infection Prevention Devices Market
9.3.5.1.1 Australia Infection Prevention Devices Market by Type
9.3.5.1.2 Australia Infection Prevention Devices Market by End Use
9.3.5.2 China Infection Prevention Devices Market
9.3.5.2.1 China Infection Prevention Devices Market by Type
9.3.5.2.2 China Infection Prevention Devices Market by End Use
9.3.5.3 India Infection Prevention Devices Market
9.3.5.3.1 India Infection Prevention Devices Market by Type
9.3.5.3.2 India Infection Prevention Devices Market by End Use
9.3.5.4 Japan Infection Prevention Devices Market
9.3.5.4.1 Japan Infection Prevention Devices Market by Type
9.3.5.4.2 Japan Infection Prevention Devices Market by End Use
9.3.5.5 South Korea Infection Prevention Devices Market
9.3.5.5.1 South Korea Infection Prevention Devices Market by Type
9.3.5.5.2 South Korea Infection Prevention Devices Market by End Use
9.3.5.6 Rest of Asia-Pacific Infection Prevention Devices Market
9.3.5.6.1 Rest of Asia-Pacific Infection Prevention Devices Market by Type
9.3.5.6.2 Rest of Asia-Pacific Infection Prevention Devices Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Infection Prevention Devices Market Overview
9.4.2 Middle East and Africa Infection Prevention Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Infection Prevention Devices Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Infection Prevention Devices Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Infection Prevention Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Infection Prevention Devices Market
9.4.5.1.1 South Africa Infection Prevention Devices Market by Type
9.4.5.1.2 South Africa Infection Prevention Devices Market by End Use
9.4.5.2 Saudi Arabia Infection Prevention Devices Market
9.4.5.2.1 Saudi Arabia Infection Prevention Devices Market by Type
9.4.5.2.2 Saudi Arabia Infection Prevention Devices Market by End Use
9.4.5.3 U.A.E Infection Prevention Devices Market
9.4.5.3.1 U.A.E Infection Prevention Devices Market by Type
9.4.5.3.2 U.A.E Infection Prevention Devices Market by End Use
9.4.5.4 Rest of Middle East and Africa Infection Prevention Devices Market
9.4.5.4.1 Rest of Middle East and Africa Infection Prevention Devices Market by Type
9.4.5.4.2 Rest of Middle East and Africa Infection Prevention Devices Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Infection Prevention Devices Market Overview
9.5.2 South and Central America Infection Prevention Devices Market Forecasts and Analysis
9.5.3 South and Central America Infection Prevention Devices Market Forecasts and Analysis - By Type
9.5.4 South and Central America Infection Prevention Devices Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Infection Prevention Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Infection Prevention Devices Market
9.5.5.1.1 Brazil Infection Prevention Devices Market by Type
9.5.5.1.2 Brazil Infection Prevention Devices Market by End Use
9.5.5.2 Argentina Infection Prevention Devices Market
9.5.5.2.1 Argentina Infection Prevention Devices Market by Type
9.5.5.2.2 Argentina Infection Prevention Devices Market by End Use
9.5.5.3 Rest of South and Central America Infection Prevention Devices Market
9.5.5.3.1 Rest of South and Central America Infection Prevention Devices Market by Type
9.5.5.3.2 Rest of South and Central America Infection Prevention Devices Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL INFECTION PREVENTION DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. INFECTION PREVENTION DEVICES MARKET, KEY COMPANY PROFILES
12.1. ADVANCED STERILIZATION PRODUCTS
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. CARDINAL HEALTH
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. PAUL HARTMANN 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. MöLNLYCKE HEALTH CARE AB
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. 3M
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. B. BRAUN MELSUNGEN AG
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. MEDLINE INDUSTRIES, 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. ANSELL LTD.
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. CANTEL MEDICAL
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. THE CLOROX COMPANY
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. Advanced Sterilization Products
2. Cardinal Health
3. PAUL HARTMANN AG
4. Mölnlycke Health Care AB
5. 3M
6. B. Braun Melsungen AG
7. Medline Industries, Inc.
8. ANSELL LTD.
9. Cantel Medical
10. The Clorox Company
11. Contec Healthcare
12. Getinge AB
13. GOJO Industries, Inc.
14. Allen Medical Systems, Inc.
15. Cygnus Medical
16. Micro-Scientific
17. STERIS plc
18. Terumo Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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