Kidney Fibrosis Treatment Market Updates by 2031
The Kidney Fibrosis Treatment Market is expected to register a CAGR of 4.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Kidney Fibrosis Treatment market report is segmented by therapeutics into Angiotensin II Receptor Blockers, Angiotensin Converting Enzyme Inhibitors, Pirfenidone Renin Inhibitors, and Vasopeptidase Inhibitors. The location of therapeutics segment includes Hospitals and Clinics. The market evaluation is presented in US$ for the above segmental analysis. 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 Kidney Fibrosis Treatment 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.
Kidney Fibrosis Treatment Market Segmentation
Therapeutics- Angiotensin II receptor blockers
- Angiotensin Converting Enzyme inhibitors
- Pirfenidone Renin Inhibitors
- Vasopeptidase Inhibitors
- Hospitals
- Clinics
Strategic Insights
Kidney Fibrosis Treatment Market Growth Drivers- Aging Population and Lifestyle-Related Risk Factors: Due to the aging population and lifestyle-related risk factors like diabetes and hypertension, the incidence of CKD is increasing, leading to the growing demand for effective kidney fibrosis treatments.
- Increased Awareness and Medical Advancements: A rise in awareness about renal fibrosis and its resultant complications, combined with advancements in medical science and newer treatments, further boosts the growth of the market.
- Healthcare Expenditure and Disposable Income: Augmented healthcare expenditure and an increase in patients' disposable income positively contribute to the growth of the market.
- Increasing focus on precision medicine: Increasing focus on precision medicine, which aims to tailor treatments to individual patients based on their genetic makeup and disease characteristics. This approach has the potential to improve treatment efficacy and reduce adverse effects.
- Advancements in biotechnology and genetic engineering: Advancements in biotechnology and genetic engineering are leading to the development of novel therapeutic targets and innovative treatment modalities, such as gene therapy and RNA interference.
- Early diagnosis and intervention: Early diagnosis and intervention will boost demand for diagnostic tools and early-stage therapies. A better understanding of the underlying mechanisms of kidney fibrosis opens up new avenues of research for therapeutic approaches in small molecule inhibitors, biologics, and cell therapies.
- Growth and Innovation: One key area is the identification of novel therapeutic targets and drug candidates capable of effectively inhibiting the progression of kidney fibrosis.
- Novel Therapeutic Targets: As the molecular mechanisms of kidney fibrosis are better understood, researchers and pharmaceutical companies will be able to identify specific target pathways, paving the way for the development of targeted therapies.
- Molecular Mechanisms: A significant opportunity arises from the growing prevalence of chronic kidney disease, particularly among aging populations, which highlights the need for targeted therapies based on an understanding of the underlying molecular mechanisms.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Kidney Fibrosis Treatment 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 Kidney Fibrosis Treatment 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.
REGIONAL FRAMEWORK
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Kidney Fibrosis Treatment Market is expected to grow at a CAGR of 4.9% between 2023-2031
The Kidney Fibrosis Treatment market primarily owes its growth to the increasingly growing prevalence of chronic kidney diseases (CKD) globally. It is mostly related to an aging population and lifestyle factors such as diabetes and hypertension, further worsened by a general lack of awareness about the presence of early-stage kidney disease. Besides, other medical researches and innovation of new treatments, improvement in healthcare spending, and higher disposable income are also seen driving the growth of this market.
Several factors point to the vast growth that the Kidney Fibrosis Treatment market can expect. Precision medicine - treatments for patients, by patients - is on an upward curve, with high treatment effectiveness. Biotechnological advances and genetic engineering are also opening doors for gene therapy and RNA interference. A focus on the early detection and intervention stage of a disease increases demand for early-stage diagnostic devices and therapies. As research advances, novel therapeutic approaches like small molecule inhibitors, biologics, and cell therapies are emerging, providing a more promising treatment approach.
The leading players of the market are: Merck and Co., F. Hoffmann-La Roche Ltd, Pfizer Inc, Galectin Therapeutics, La Jolla Pharmaceutical Company, InterMune Inc, ProMetric Life-Sciences, Inc, Genzyme Corporation, BioLine Rx, Teva Pharmaceuticals
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Kidney Fibrosis Treatment Market - By Therapeutics
1.3.2 Kidney Fibrosis Treatment Market - By Location Of Therapeutics
1.3.3 Kidney Fibrosis Treatment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. KIDNEY FIBROSIS TREATMENT 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. KIDNEY FIBROSIS TREATMENT 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. KIDNEY FIBROSIS TREATMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. KIDNEY FIBROSIS TREATMENT - GLOBAL MARKET OVERVIEW
6.2. KIDNEY FIBROSIS TREATMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. KIDNEY FIBROSIS TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - THERAPEUTICS
7.1. OVERVIEW
7.2. THERAPEUTICS MARKET FORECASTS AND ANALYSIS
7.3. ANGIOTENSIN II RECEPTOR BLOCKERS (ARBS)
7.3.1. Overview
7.3.2. Angiotensin II receptor blockers (ARBs) Market Forecast and Analysis
7.4. ANGIOTENSIN CONVERTING ENZYME (ACE) INHIBITORS
7.4.1. Overview
7.4.2. Angiotensin Converting Enzyme (ACE) inhibitors Market Forecast and Analysis
7.5. PIRFENIDONE RENIN INHIBITORS
7.5.1. Overview
7.5.2. Pirfenidone Renin Inhibitors Market Forecast and Analysis
7.6. VASOPEPTIDASE INHIBITORS
7.6.1. Overview
7.6.2. Vasopeptidase Inhibitors Market Forecast and Analysis
8. KIDNEY FIBROSIS TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - LOCATION OF THERAPEUTICS
8.1. OVERVIEW
8.2. LOCATION OF THERAPEUTICS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. KIDNEY FIBROSIS TREATMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Kidney Fibrosis Treatment Market Overview
9.1.2 North America Kidney Fibrosis Treatment Market Forecasts and Analysis
9.1.3 North America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Therapeutics
9.1.4 North America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Location Of Therapeutics
9.1.5 North America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Kidney Fibrosis Treatment Market
9.1.5.1.1 United States Kidney Fibrosis Treatment Market by Therapeutics
9.1.5.1.2 United States Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.1.5.2 Canada Kidney Fibrosis Treatment Market
9.1.5.2.1 Canada Kidney Fibrosis Treatment Market by Therapeutics
9.1.5.2.2 Canada Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.1.5.3 Mexico Kidney Fibrosis Treatment Market
9.1.5.3.1 Mexico Kidney Fibrosis Treatment Market by Therapeutics
9.1.5.3.2 Mexico Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2. EUROPE
9.2.1 Europe Kidney Fibrosis Treatment Market Overview
9.2.2 Europe Kidney Fibrosis Treatment Market Forecasts and Analysis
9.2.3 Europe Kidney Fibrosis Treatment Market Forecasts and Analysis - By Therapeutics
9.2.4 Europe Kidney Fibrosis Treatment Market Forecasts and Analysis - By Location Of Therapeutics
9.2.5 Europe Kidney Fibrosis Treatment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Kidney Fibrosis Treatment Market
9.2.5.1.1 Germany Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.1.2 Germany Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2.5.2 France Kidney Fibrosis Treatment Market
9.2.5.2.1 France Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.2.2 France Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2.5.3 Italy Kidney Fibrosis Treatment Market
9.2.5.3.1 Italy Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.3.2 Italy Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2.5.4 Spain Kidney Fibrosis Treatment Market
9.2.5.4.1 Spain Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.4.2 Spain Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2.5.5 United Kingdom Kidney Fibrosis Treatment Market
9.2.5.5.1 United Kingdom Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.5.2 United Kingdom Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.2.5.6 Rest of Europe Kidney Fibrosis Treatment Market
9.2.5.6.1 Rest of Europe Kidney Fibrosis Treatment Market by Therapeutics
9.2.5.6.2 Rest of Europe Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Kidney Fibrosis Treatment Market Overview
9.3.2 Asia-Pacific Kidney Fibrosis Treatment Market Forecasts and Analysis
9.3.3 Asia-Pacific Kidney Fibrosis Treatment Market Forecasts and Analysis - By Therapeutics
9.3.4 Asia-Pacific Kidney Fibrosis Treatment Market Forecasts and Analysis - By Location Of Therapeutics
9.3.5 Asia-Pacific Kidney Fibrosis Treatment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Kidney Fibrosis Treatment Market
9.3.5.1.1 Australia Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.1.2 Australia Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3.5.2 China Kidney Fibrosis Treatment Market
9.3.5.2.1 China Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.2.2 China Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3.5.3 India Kidney Fibrosis Treatment Market
9.3.5.3.1 India Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.3.2 India Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3.5.4 Japan Kidney Fibrosis Treatment Market
9.3.5.4.1 Japan Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.4.2 Japan Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3.5.5 South Korea Kidney Fibrosis Treatment Market
9.3.5.5.1 South Korea Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.5.2 South Korea Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.3.5.6 Rest of Asia-Pacific Kidney Fibrosis Treatment Market
9.3.5.6.1 Rest of Asia-Pacific Kidney Fibrosis Treatment Market by Therapeutics
9.3.5.6.2 Rest of Asia-Pacific Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Kidney Fibrosis Treatment Market Overview
9.4.2 Middle East and Africa Kidney Fibrosis Treatment Market Forecasts and Analysis
9.4.3 Middle East and Africa Kidney Fibrosis Treatment Market Forecasts and Analysis - By Therapeutics
9.4.4 Middle East and Africa Kidney Fibrosis Treatment Market Forecasts and Analysis - By Location Of Therapeutics
9.4.5 Middle East and Africa Kidney Fibrosis Treatment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Kidney Fibrosis Treatment Market
9.4.5.1.1 South Africa Kidney Fibrosis Treatment Market by Therapeutics
9.4.5.1.2 South Africa Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.4.5.2 Saudi Arabia Kidney Fibrosis Treatment Market
9.4.5.2.1 Saudi Arabia Kidney Fibrosis Treatment Market by Therapeutics
9.4.5.2.2 Saudi Arabia Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.4.5.3 U.A.E Kidney Fibrosis Treatment Market
9.4.5.3.1 U.A.E Kidney Fibrosis Treatment Market by Therapeutics
9.4.5.3.2 U.A.E Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.4.5.4 Rest of Middle East and Africa Kidney Fibrosis Treatment Market
9.4.5.4.1 Rest of Middle East and Africa Kidney Fibrosis Treatment Market by Therapeutics
9.4.5.4.2 Rest of Middle East and Africa Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Kidney Fibrosis Treatment Market Overview
9.5.2 South and Central America Kidney Fibrosis Treatment Market Forecasts and Analysis
9.5.3 South and Central America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Therapeutics
9.5.4 South and Central America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Location Of Therapeutics
9.5.5 South and Central America Kidney Fibrosis Treatment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Kidney Fibrosis Treatment Market
9.5.5.1.1 Brazil Kidney Fibrosis Treatment Market by Therapeutics
9.5.5.1.2 Brazil Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.5.5.2 Argentina Kidney Fibrosis Treatment Market
9.5.5.2.1 Argentina Kidney Fibrosis Treatment Market by Therapeutics
9.5.5.2.2 Argentina Kidney Fibrosis Treatment Market by Location Of Therapeutics
9.5.5.3 Rest of South and Central America Kidney Fibrosis Treatment Market
9.5.5.3.1 Rest of South and Central America Kidney Fibrosis Treatment Market by Therapeutics
9.5.5.3.2 Rest of South and Central America Kidney Fibrosis Treatment Market by Location Of Therapeutics
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. KIDNEY FIBROSIS TREATMENT MARKET, KEY COMPANY PROFILES
11.1. MERCK AND CO.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. F. HOFFMAN-LA ROCHE LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PFIZER INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GALECTIN THERAPEUTICS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LA JOLLA PHARMACEUTICAL COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INTERMUNE INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PROMETIC LIFE-SCIENCES INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GENZYME CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BIOLINE RX
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TEVA PHARMACEUTICALS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Merck and Co.
2. F. Hoffman-La Roche Ltd
3. Pfizer Inc
4. Galectin Therapeutics
5. La Jolla Pharmaceutical Company
6. InterMune Inc
7. ProMetic Life-Sciences Inc
8. Genzyme Corporation
9. BioLine Rx
10. Teva Pharmaceuticals
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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