Lacrimal Stent and Intubation Sets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Lacrimal stents are small diameter tubes placed within the nasolacrimal system to maintain patency. In most cases, the tubes are typically composed of silicone or similar semi-rigid yet flexible material with an open central lumen. Intubation of the nasolacrimal system is generally done temporarily, with stents remaining in place for several months. In rare instances, however, intubation may be long-term. Nasolacrimal tubes are used majorly in obstruction or laceration of one or more parts of the tear drainage system. Lacrimal intubation has become a general surgical procedure for congenital nasolacrimal duct obstruction that does not respond to conservative medical treatment or failed probing. Several Lacrimal Duct Stent Tube devices are available in the Lacrimal Duct Stent Tube market, such as monocanalicular lacrimal duct stent tube, bicanalicular lacrimal duct stent tube.
MARKET SCOPE
The "Global Lacrimal Stent and Intubation Sets 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 Lacrimal stent and intubation sets market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Lacrimal stent and intubation sets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Lacrimal stent and intubation sets market is segmented into monocanalicular stents, bicanalicular stents.
- On the basis of end use, the market is segmented into hospitals, clinics, others.
MARKET DYNAMICS
Drivers
- Rise in the incidences of nasolacrimal duct obstruction.
- Rise in the demand for treatments with minimal invasions.
- Rising awareness amongst the people about various types of surgeries regarding nasolacrimal duct obstruction
Restraints
- The high cost of treatment device, increasing risk of complications 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 Lacrimal stent and intubation sets 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 Lacrimal stent and intubation sets market in these regions.
IMPACT OF COVID-19 ON LACRIMAL STENT AND INTUBATION SETS 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.
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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 Lacrimal stent and intubation sets 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 Lacrimal stent and intubation sets market in these regions.
IMPACT OF COVID-19 ON LACRIMAL STENT AND INTUBATION SETS 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 Lacrimal stent and intubation sets 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 Lacrimal stent and intubation sets market are anticipated to lucrative growth opportunities in the future with the rising demand for Lacrimal stent and intubation sets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Lacrimal stent and intubation sets 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.
- Aurolab
- Bess Medizintechnik GmbH
- FCI Ophthalmics
- Gunther Weiss Scientific Glass
- Kaneka Pharma America LLC
- Beaver-Visitec International
- FCI Ophthalmics
- Fruida
- Sinopsys Surgical
- Cook Medical
The Insight Partner's dediLacrimal stent and intubation setsed 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
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 Lacrimal Stent And Intubation Sets Market - By Type
1.3.2 Lacrimal Stent And Intubation Sets Market - By End Use
1.3.3 Lacrimal Stent And Intubation Sets Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LACRIMAL STENT AND INTUBATION SETS 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. LACRIMAL STENT AND INTUBATION SETS 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. LACRIMAL STENT AND INTUBATION SETS MARKET - GLOBAL MARKET ANALYSIS
6.1. LACRIMAL STENT AND INTUBATION SETS - GLOBAL MARKET OVERVIEW
6.2. LACRIMAL STENT AND INTUBATION SETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LACRIMAL STENT AND INTUBATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MONOCANALICULAR STENTS
7.3.1. Overview
7.3.2. Monocanalicular Stents Market Forecast and Analysis
7.4. BICANALICULAR STENTS
7.4.1. Overview
7.4.2. Bicanalicular Stents Market Forecast and Analysis
8. LACRIMAL STENT AND INTUBATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE 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. LACRIMAL STENT AND INTUBATION SETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lacrimal Stent And Intubation Sets Market Overview
9.1.2 North America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis
9.1.3 North America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Type
9.1.4 North America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By End Use
9.1.5 North America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lacrimal Stent And Intubation Sets Market
9.1.5.1.1 United States Lacrimal Stent And Intubation Sets Market by Type
9.1.5.1.2 United States Lacrimal Stent And Intubation Sets Market by End Use
9.1.5.2 Canada Lacrimal Stent And Intubation Sets Market
9.1.5.2.1 Canada Lacrimal Stent And Intubation Sets Market by Type
9.1.5.2.2 Canada Lacrimal Stent And Intubation Sets Market by End Use
9.1.5.3 Mexico Lacrimal Stent And Intubation Sets Market
9.1.5.3.1 Mexico Lacrimal Stent And Intubation Sets Market by Type
9.1.5.3.2 Mexico Lacrimal Stent And Intubation Sets Market by End Use
9.2. EUROPE
9.2.1 Europe Lacrimal Stent And Intubation Sets Market Overview
9.2.2 Europe Lacrimal Stent And Intubation Sets Market Forecasts and Analysis
9.2.3 Europe Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Type
9.2.4 Europe Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By End Use
9.2.5 Europe Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lacrimal Stent And Intubation Sets Market
9.2.5.1.1 Germany Lacrimal Stent And Intubation Sets Market by Type
9.2.5.1.2 Germany Lacrimal Stent And Intubation Sets Market by End Use
9.2.5.2 France Lacrimal Stent And Intubation Sets Market
9.2.5.2.1 France Lacrimal Stent And Intubation Sets Market by Type
9.2.5.2.2 France Lacrimal Stent And Intubation Sets Market by End Use
9.2.5.3 Italy Lacrimal Stent And Intubation Sets Market
9.2.5.3.1 Italy Lacrimal Stent And Intubation Sets Market by Type
9.2.5.3.2 Italy Lacrimal Stent And Intubation Sets Market by End Use
9.2.5.4 Spain Lacrimal Stent And Intubation Sets Market
9.2.5.4.1 Spain Lacrimal Stent And Intubation Sets Market by Type
9.2.5.4.2 Spain Lacrimal Stent And Intubation Sets Market by End Use
9.2.5.5 United Kingdom Lacrimal Stent And Intubation Sets Market
9.2.5.5.1 United Kingdom Lacrimal Stent And Intubation Sets Market by Type
9.2.5.5.2 United Kingdom Lacrimal Stent And Intubation Sets Market by End Use
9.2.5.6 Rest of Europe Lacrimal Stent And Intubation Sets Market
9.2.5.6.1 Rest of Europe Lacrimal Stent And Intubation Sets Market by Type
9.2.5.6.2 Rest of Europe Lacrimal Stent And Intubation Sets Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lacrimal Stent And Intubation Sets Market Overview
9.3.2 Asia-Pacific Lacrimal Stent And Intubation Sets Market Forecasts and Analysis
9.3.3 Asia-Pacific Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lacrimal Stent And Intubation Sets Market
9.3.5.1.1 Australia Lacrimal Stent And Intubation Sets Market by Type
9.3.5.1.2 Australia Lacrimal Stent And Intubation Sets Market by End Use
9.3.5.2 China Lacrimal Stent And Intubation Sets Market
9.3.5.2.1 China Lacrimal Stent And Intubation Sets Market by Type
9.3.5.2.2 China Lacrimal Stent And Intubation Sets Market by End Use
9.3.5.3 India Lacrimal Stent And Intubation Sets Market
9.3.5.3.1 India Lacrimal Stent And Intubation Sets Market by Type
9.3.5.3.2 India Lacrimal Stent And Intubation Sets Market by End Use
9.3.5.4 Japan Lacrimal Stent And Intubation Sets Market
9.3.5.4.1 Japan Lacrimal Stent And Intubation Sets Market by Type
9.3.5.4.2 Japan Lacrimal Stent And Intubation Sets Market by End Use
9.3.5.5 South Korea Lacrimal Stent And Intubation Sets Market
9.3.5.5.1 South Korea Lacrimal Stent And Intubation Sets Market by Type
9.3.5.5.2 South Korea Lacrimal Stent And Intubation Sets Market by End Use
9.3.5.6 Rest of Asia-Pacific Lacrimal Stent And Intubation Sets Market
9.3.5.6.1 Rest of Asia-Pacific Lacrimal Stent And Intubation Sets Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lacrimal Stent And Intubation Sets Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lacrimal Stent And Intubation Sets Market Overview
9.4.2 Middle East and Africa Lacrimal Stent And Intubation Sets Market Forecasts and Analysis
9.4.3 Middle East and Africa Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lacrimal Stent And Intubation Sets Market
9.4.5.1.1 South Africa Lacrimal Stent And Intubation Sets Market by Type
9.4.5.1.2 South Africa Lacrimal Stent And Intubation Sets Market by End Use
9.4.5.2 Saudi Arabia Lacrimal Stent And Intubation Sets Market
9.4.5.2.1 Saudi Arabia Lacrimal Stent And Intubation Sets Market by Type
9.4.5.2.2 Saudi Arabia Lacrimal Stent And Intubation Sets Market by End Use
9.4.5.3 U.A.E Lacrimal Stent And Intubation Sets Market
9.4.5.3.1 U.A.E Lacrimal Stent And Intubation Sets Market by Type
9.4.5.3.2 U.A.E Lacrimal Stent And Intubation Sets Market by End Use
9.4.5.4 Rest of Middle East and Africa Lacrimal Stent And Intubation Sets Market
9.4.5.4.1 Rest of Middle East and Africa Lacrimal Stent And Intubation Sets Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lacrimal Stent And Intubation Sets Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lacrimal Stent And Intubation Sets Market Overview
9.5.2 South and Central America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis
9.5.3 South and Central America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Lacrimal Stent And Intubation Sets Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lacrimal Stent And Intubation Sets Market
9.5.5.1.1 Brazil Lacrimal Stent And Intubation Sets Market by Type
9.5.5.1.2 Brazil Lacrimal Stent And Intubation Sets Market by End Use
9.5.5.2 Argentina Lacrimal Stent And Intubation Sets Market
9.5.5.2.1 Argentina Lacrimal Stent And Intubation Sets Market by Type
9.5.5.2.2 Argentina Lacrimal Stent And Intubation Sets Market by End Use
9.5.5.3 Rest of South and Central America Lacrimal Stent And Intubation Sets Market
9.5.5.3.1 Rest of South and Central America Lacrimal Stent And Intubation Sets Market by Type
9.5.5.3.2 Rest of South and Central America Lacrimal Stent And Intubation Sets Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LACRIMAL STENT AND INTUBATION SETS 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. LACRIMAL STENT AND INTUBATION SETS MARKET, KEY COMPANY PROFILES
12.1. AUROLAB
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. BESS MEDIZINTECHNIK GMBH
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. FCI OPHTHALMICS
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. GUNTHER WEISS SCIENTIFIC GLASS
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. KANEKA PHARMA AMERICA LLC
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. BEAVER VISITEC INTERNATIONAL
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.
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. FCI OPHTHALMICS
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. FRUIDA
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. COOK MEDICAL
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. Aurolab
2. Bess Medizintechnik GmbH
3. FCI Ophthalmics
4. Gunther Weiss Scientific Glass
5. Kaneka Pharma America LLC
6. Beaver-Visitec International
7. FCI Ophthalmics
8. Fruida
9. Sinopsys Surgical
10. Cook Medical
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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