Latin America Donor Egg IVF Services Market Report 2031
The Latin America donor egg IVF services market size is projected to reach US$ 291.10 million by 2031 from US$ 132.62 million in 2023. The market is expected to register a CAGR of 10.3% during 2023–2031. Integration of robotic technology and artificial intelligence is expected to bring in new trends in the coming years.
Latin America Donor Egg IVF Services Market Analysis
The Latin America donor egg IVF services market is driven by increasing infertility rates among couples and a growing acceptance of assisted reproductive technologies. Additionally, the cost of IVF treatments in Latin America is generally lower than in developed countries, making it an ideal option for both local and international patients. The rise of fertility tourism further creates a robust environment for the expansion of donor egg IVF services, enhancing market growth as individuals from nations with restrictive reproductive laws seek affordable and accessible fertility solutions. Moreover, increasing supportive initiatives to raise awareness are expected to create ample opportunities for market growth.
Latin America Donor Egg IVF Services Market Overview
Mexico is anticipated to show the highest CAGR in the Latin America donor egg IVF services market. Mexico has seen significant growth in recent years in IVF treatments, driven by a combination of advanced reproductive technologies and more affordable healthcare options. The fertility rate in the country is declining. As per the Mexico Fertility Rate 1950–2024, published by Macro Trends, the fertility rate in Mexico in 2024 was 2.008 births per woman, which represents a 0.94% decrease from 2023, which stood at 2.027 births per woman.
Mexico attracts individuals from other countries due to lower costs and successful treatment outcomes and has become a popular destination for individuals and couples seeking fertility treatments. Infertility Aide agency reports that the average cost of IVF, covering medications, monitoring, and fees for doctors and hospitals, is US$ 8,000 in Mexico, while the average price for the same is US$ 20,000 in the US. Additionally, the country boasts highly trained reproductive specialists and modern facilities, enhancing the overall quality of care.
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Latin America Donor Egg IVF Services Market: Strategic Insights
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Latin America Donor Egg IVF Services Market Drivers and Opportunities
Rising Infertility Rates
The fertility rate is steadily declining in the region due to increasing age-related infertility, delayed childbearing, lifestyle changes, and health issues. As per the article "Latin America's Fertility Decline is Accelerating," published in January 2024, birth rates dropped between 10% and 34% in Latin American countries from 2013 to 2022. According to Macro Trends, the fertility rate has been declining in Mexico. The current fertility rate for Mexico is 2.008 children born per woman, a 0.94% decrease from 2023. The fertility rate for Mexico in 2023 was 2.027 births per woman, a 1.12% decline from 2022. The country's fertility rate is anticipated to decrease to 1.6691 births per woman by 2100.
In addition, according to the UN Population Division, Chile's birthrate is below developed economies, such as Italy and Japan. The births have fallen by 29% in Chile in the past decade, and it is now the country with the lowest birth rate in the Americas. As per the Chile Fertility Rate 1950–2024 data, in 2024, the fertility rate for the country was 1.593 births per woman, a 0.31% decline from 2023. Similarly, the fertility rate in 2023 was 1.598 births per woman in Chile, which was a 0.62% decline from 2022. Moreover, as per the Peru Fertility Rate 1950–2024 data, in 2024, the fertility rate for Peru stood at 2.143 births per woman, while it was 2.162 births per woman in 2023, representing a 0.88% decline in fertility rate from 2023.
As more individuals and couples face challenges with natural conception, the use of assisted reproductive technologies, including donor egg IVF, has become a feasible option for achieving pregnancy. In vitro fertilization (IVF) using donor eggs allows these people to experience pregnancy and childbirth. Thus, the declining fertility rate leads to a significant increase in demand for donor egg IVF services, thereby driving the market growth in Latin America.
Increasing Supportive Initiatives to Raise Awareness
Initiatives surrounding donor egg IVF have been gaining traction in Latin America as the acceptance of assisted reproductive technologies increases. The initiatives focus on educating the public about the benefits and availability of donor egg treatments, addressing both cultural sensitivity and misconceptions. A prominent example is the initiative led by fertility clinics in countries such as Argentina and Brazil. These programs focus on educating the public about the benefits of using donor eggs in IVF treatments, particularly for women facing age-related fertility issues or those with genetic concerns. The egg donor program of the CEGYR clinic in Argentina is one of the most popular programs in Latin America. Over 550 women receive donated oocytes annually, and more than 20% of them come from abroad (mainly from the US, Australia, New Zealand, Sweden, the Netherlands, and Peru). This program aims to enable hundreds of women incapable of using their oocytes to conceive. Egg donation is an alternative that offers the highest pregnancy rates with low genetic disorder chances. CEGYR actively engages in public awareness campaigns to educate the community about the benefits of donor egg IVF. By providing clear information about the process, success rates, and the positive outcomes associated with donor egg use, the program helps clarify the whole process. In addition, CEGYR has established partnerships with international fertility clinics, attracting patients from abroad who seek high-quality egg donation services. This international collaboration not only increases the clinic's visibility but also contributes to the growth of donor egg initiatives by tapping into a wider patient base. Many international patients are drawn to Argentina for its advanced reproductive technologies and favorable regulations regarding egg donation.
Such initiatives not only improve the success rates of donor egg IVF but also foster a more informed and supportive environment for potential donors and recipients. In addition, increased awareness is expected to create greater acceptance of donor egg IVF; as a result, more women are seeking treatment, and the stigma surrounding the use of donor eggs is diminishing slowly. By focusing on education, cultural sensitivity, and community engagement, these initiatives can significantly impact the lives of individuals and couples facing infertility. The focus on education and community involvement has been effective in fostering a supportive environment for those considering this approach to parenthood. Thus, the initiatives have contributed to a gradual increase in the acceptance of donor egg IVF treatment, thereby fostering growth opportunities for the donor egg IVF services market in Latin America in the coming years.
Latin America Donor Egg IVF Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Latin America donor egg IVF services market analysis are type and end user.
- Based on type, the Latin America donor egg IVF services market is segmented into frozen donor egg and fresh donor egg. The frozen donor egg segment held a larger market share in 2023 and is expected to register a higher CAGR in the market during 2023–2031.
- By end user, the Latin America donor egg IVF services market is segmented into fertility clinics and IVF centers, hospitals, and others. The fertility clinics and IVF centers segment dominated the market in 2023 and is expected to register the highest CAGR during 2023–2031.
Latin America donor egg IVF services Market Report Scope
Latin America donor egg IVF services Market Report Coverage and Deliverables
The “Latin America Donor Egg IVF services Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Latin America donor egg IVF services market size and forecast at the country level for all the key market segments covered under the scope
- Latin America donor egg IVF services market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Latin America donor egg IVF services market analysis covering key market trends and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Latin America donor egg IVF services market
- Detailed company profiles
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
The rising infertility rates and the growing cost-effectiveness and fertility tourism are the most influential factors responsible for the market growth.
The Latin America donor egg IVF services market is expected to register a CAGR of 10.3% from 2023 to 2031.
The Latin America donor egg IVF services market is estimated to reach US$ 291.10 million by 2031.
Fertility Argentina, Barbados Fertility Center, Fairfax EggBank Inc, IVI Fertility, New Life, Institute Of Infertility And Genetics Mexico (INGENES), Reproclinic, The Fertility Center Mexico, Fertility Clinic Americas, Ovoria Egg Bank, Gennet s.r.o., and Panama Fertility are among the key market players in the Latin America donor egg IVF services market.
1. Introduction 10
1.1 The Insight Partners Research Report Guidance. 10
1.2 Market Segmentation. 11
2. Executive Summary 12
2.1 Key Insights. 12
3. Research Methodology 13
3.1 Secondary Research. 14
3.2 Primary Research. 14
3.2.1 Hypothesis formulation: 14
3.2.2 Macro-economic factor analysis: 15
3.2.3 Developing base number: 15
3.2.4 Data Triangulation: 15
3.2.5 Country level data: 15
4. Latin America Donor Egg IVF Services Market Landscape 16
4.1 Overview. 16
4.2 PEST Analysis. 16
5. Latin America Donor Egg IVF Services Market – Key Market Dynamics 17
5.1 Latin America Donor Egg IVF Services Market – Key Market Dynamics. 17
5.2 Market Drivers. 17
5.2.1 Rising Infertility Rates. 17
5.2.2 Growing Cost-Effectiveness and Fertility Tourism.. 18
5.3 Market Restraints. 19
5.3.1 Complications Associated with IVF Treatment 19
5.4 Market Opportunities. 19
5.4.1 Increasing Supportive Initiatives to Raise Awareness. 19
5.5 Future Trends. 20
5.5.1 Integration of Robotic Technology and Artificial Intelligence. 20
5.6 Impact of Drivers and Restraints: 21
6. Latin America Donor Egg IVF Services Market Analysis 22
6.1 Latin America Donor Egg IVF Services Market Revenue (US$ Million), 2021–2031. 22
7. Latin America Donor Egg IVF Services Market Analysis – by Type 23
7.1 Frozen Donor Egg. 24
7.1.1 Overview. 24
7.1.2 Frozen Donor Egg: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 24
7.2 Fresh Donor Egg. 25
7.2.1 Overview. 25
7.2.2 Fresh Donor Egg: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 25
8. Latin America Donor Egg IVF Services Market Analysis – by End User 26
8.1 Fertility Clinics and IVF Centers. 26
8.1.1 Overview. 26
8.1.2 Fertility Clinics and IVF Centers: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 27
8.2 Hospitals. 28
8.2.1 Overview. 28
8.2.2 Hospitals: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 28
8.3 Others. 29
8.3.1 Overview. 29
8.3.2 Others: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 29
9. Latin America Donor Egg IVF Services Market – Country Analysis 30
9.1 Latin America. 30
9.1.1 Latin America Donor Egg IVF Services Market Breakdown by Countries. 30
9.1.2 Latin America Donor Egg IVF Services Market Revenue and Forecast and Analysis – by Country. 30
9.1.2.1 Brazil: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 31
9.1.2.1.1 Brazil: Latin America Donor Egg IVF Services Market Breakdown by Type. 32
9.1.2.1.2 Brazil: Latin America Donor Egg IVF Services Market Breakdown by End User 32
9.1.2.2 Mexico: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 33
9.1.2.2.1 Mexico: Latin America Donor Egg IVF Services Market Breakdown by Type. 34
9.1.2.2.2 Mexico: Latin America Donor Egg IVF Services Market Breakdown by End User 34
9.1.2.3 Argentina: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 35
9.1.2.3.1 Argentina: Latin America Donor Egg IVF Services Market Breakdown by Type. 36
9.1.2.3.2 Argentina: Latin America Donor Egg IVF Services Market Breakdown by End User 36
9.1.2.4 Colombia: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 37
9.1.2.4.1 Colombia: Latin America Donor Egg IVF Services Market Breakdown by Type. 38
9.1.2.4.2 Colombia: Latin America Donor Egg IVF Services Market Breakdown by End User 38
9.1.2.5 Chile: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 39
9.1.2.5.1 Chile: Latin America Donor Egg IVF Services Market Breakdown by Type. 40
9.1.2.5.2 Chile: Latin America Donor Egg IVF Services Market Breakdown by End User 40
9.1.2.6 Peru: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 41
9.1.2.6.1 Peru: Latin America Donor Egg IVF Services Market Breakdown by Type. 42
9.1.2.6.2 Peru: Latin America Donor Egg IVF Services Market Breakdown by End User 42
9.1.2.7 Rest of Latin America: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 43
9.1.2.7.1 Rest of Latin America: Latin America Donor Egg IVF Services Market Breakdown by Type. 44
9.1.2.7.2 Rest of Latin America: Latin America Donor Egg IVF Services Market Breakdown by End User 44
10. Industry Landscape 45
10.1 Overview. 45
10.2 Growth Strategies in Latin America Donor Egg IVF Services Market 45
10.2.1 Overview. 45
11. Company Profiles 46
11.1 Fertility Argentina. 46
11.1.1 Key Facts. 46
11.1.2 Business Description. 46
11.1.3 Products and Services. 46
11.1.4 Financial Overview. 46
11.1.5 SWOT Analysis. 47
11.1.6 Key Developments. 47
11.2 Barbados Fertility Center 48
11.2.1 Key Facts. 48
11.2.2 Business Description. 48
11.2.3 Products and Services. 48
11.2.4 Financial Overview. 48
11.2.5 SWOT Analysis. 49
11.2.6 Key Developments. 49
11.3 Fairfax EggBank Inc. 50
11.3.1 Key Facts. 50
11.3.2 Business Description. 50
11.3.3 Products and Services. 50
11.3.4 Financial Overview. 50
11.3.5 SWOT Analysis. 51
11.3.6 Key Developments. 51
11.4 IVI Fertility. 52
11.4.1 Key Facts. 52
11.4.2 Business Description. 52
11.4.3 Products and Services. 52
11.4.4 Financial Overview. 52
11.4.5 SWOT Analysis. 53
11.4.6 Key Developments. 53
11.5 New Life. 54
11.5.1 Key Facts. 54
11.5.2 Business Description. 54
11.5.3 Products and Services. 54
11.5.4 Financial Overview. 54
11.5.5 SWOT Analysis. 55
11.5.6 Key Developments. 55
11.6 INSTITUTO DE INFERTILIDAD Y GENÉTICA MÉXICO (INGENES) 56
11.6.1 Key Facts. 56
11.6.2 Business Description. 56
11.6.3 Products and Services. 56
11.6.4 Financial Overview. 56
11.6.5 SWOT Analysis. 57
11.6.6 Key Developments. 57
11.7 Reproclinic. 58
11.7.1 Key Facts. 58
11.7.2 Business Description. 58
11.7.3 Products and Services. 58
11.7.4 Financial Overview. 58
11.7.5 SWOT Analysis. 59
11.7.6 Key Developments. 59
11.8 The Fertility Center México. 60
11.8.1 Key Facts. 60
11.8.2 Business Description. 60
11.8.3 Products and Services. 60
11.8.4 Financial Overview. 60
11.8.5 SWOT Analysis. 61
11.8.6 Key Developments. 61
11.9 Fertility Clinic Americas. 62
11.9.1 Key Facts. 62
11.9.2 Business Description. 62
11.9.3 Products and Services. 62
11.9.4 Financial Overview. 62
11.9.5 SWOT Analysis. 63
11.9.6 Key Developments. 63
11.10 Ovoria Egg Bank. 64
11.10.1 Key Facts. 64
11.10.2 Business Description. 64
11.10.3 Products and Services. 64
11.10.4 Financial Overview. 64
11.10.5 SWOT Analysis. 65
11.10.6 Key Developments. 65
11.11 Gennet s.r.o. 66
11.11.1 Key Facts. 66
11.11.2 Business Description. 66
11.11.3 Products and Services. 66
11.11.4 Financial Overview. 66
11.11.5 SWOT Analysis. 67
11.11.6 Key Developments. 67
11.12 Panama Fertility. 68
11.12.1 Key Facts. 68
11.12.2 Business Description. 68
11.12.3 Products and Services. 68
11.12.4 Financial Overview. 68
11.12.5 SWOT Analysis. 69
11.12.6 Key Developments. 69
12. Appendix 70
12.1 About The Insight Partners. 70
12.2 Glossary of Terms. 71
List of Tables
Table 1. Latin America Donor Egg IVF Services Market Segmentation. 11
Table 2. Brazil: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 32
Table 3. Brazil: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 32
Table 4. Mexico: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 34
Table 5. Mexico: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 34
Table 6. Argentina: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 36
Table 7. Argentina: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 36
Table 8. Colombia: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 38
Table 9. Colombia: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 38
Table 10. Chile: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 40
Table 11. Chile: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 40
Table 12. Peru: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 42
Table 13. Peru: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 42
Table 14. Rest of Latin America: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by Type. 44
Table 15. Rest of Latin America: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User 44
Table 16. Recent Growth Strategies in Latin America Donor Egg IVF Services Market 45
Table 17. Glossary of Terms, Latin America Donor Egg IVF Services Market 71
List of Figures
Figure 1. Latin America Donor Egg IVF Services Market Segmentation, by Country. 11
Figure 2. PEST Analysis. 16
Figure 3. Impact Analysis of Drivers and Restraints. 21
Figure 4. Latin America Donor Egg IVF Services Market Revenue (US$ Million), 2021–2031. 22
Figure 5. Latin America Donor Egg IVF Services Market Share (%) – by Type, 2023 and 2031. 23
Figure 6. Frozen Donor Egg: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 24
Figure 7. Fresh Donor Egg: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 25
Figure 8. Latin America Donor Egg IVF Services Market Share (%) – by End User, 2023 and 2031. 26
Figure 9. Fertility Clinics and IVF Centers: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 27
Figure 10. Hospitals: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 28
Figure 11. Others: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 29
Figure 12. Latin America Donor Egg IVF Services Market Breakdown by Key Countries, 2023 and 2031 (%) 30
Figure 13. Brazil: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 31
Figure 14. Mexico: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 33
Figure 15. Argentina: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 35
Figure 16. Colombia: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 37
Figure 17. Chile: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 39
Figure 18. Peru: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 41
Figure 19. Rest of Latin America: Latin America Donor Egg IVF Services Market – Revenue and Forecast to 2031 (US$ Million) 43
43
The List of Companies - Latin America Donor Egg IVF Service Market
- Fertility Argentina
- Barbados Fertility Center
- Fairfax EggBank Inc
- IVI Fertility
- New Life
- Institute Of Infertility And Genetics Mexico (INGENES)
- Reproclinic
- The Fertility Center Mexico
- Fertility Clinic Americas
- Ovoria Egg Bank
- Gennet s.r.o.
- Panama Fertility
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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