Medical Surgical Mask Market Share and Growth (2021-2031)
The Medical Surgical Mask Market is expected to register a CAGR of 8.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Basic Surgical Mask, Anti-fog Surgical Mask, Fluid/Splash Resistant Surgical Mask, and Others). The report further presents analysis based on the Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others).The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Medical Surgical Mask 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.
Medical Surgical Mask Market Segmentation
Type- Basic Surgical Mask
- Anti-fog Surgical Mask
- Fluid/Splash Resistant Surgical Mask
- Others
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
Strategic Insights
Medical Surgical Mask Market Growth Drivers- Growing Global Health Concerns: The growth of awareness on global health concerns are the main causes for growing demand in the medical surgical mask market. The global outbreak of infectious diseases such as the COVID-19 pandemic has revealed the necessity for personal protective equipment, particularly medical masks. In this respect, with national governments facing the ongoing threat of viral infections, medical surgical masks are one of the essential tools used to prevent their spread. Further backing market growth is the increasing knowledge of mask usage among the masses in flu seasons, hospitals, and while traveling.
- Regulatory Mandates and Requirements Lifted by Governments: These have seen government mandates imposed in public, at hospitals, and at healthcare institutions in many countries, as the key driver of reducing the market demand. Where disruption among key stakeholders, like WHO and CDC in the United States, procrastinates on those who are between medical-grade masks just to curb the spread of the infectious disease, the use of medical masks remains inbound. The declining incidence of communicable diseases has made the use of medical masks simpler in health care and might continue in the long run.
- Increase in Surgical Procedures and Investment in Healthcare: As a matter of fact, the number of surgical procedures all over the world has grown pretty swiftly with the demand it generates for medical surgical masks. These hospitals, surgery centers, and private clinics will use these masks in reducing the risks of cross-contamination as well as infection during operations. Also, it encourages a further boost to surgical mask necessitates emerging countries with increased investment in health infrastructures. Post-pandemic health spending would cause an increase in such investments in health care and, further, would completely support long-term growth of the market.
- Change to Disposable Masks: The medical surgical mask business has leaned towards disposable rather than reconditioned masks. This is because disposable masks promote hygiene better, meaning that the contaminants would not be conveyed to the person after a long period. Furthermore, single-use masks in hospitals and health professionals reduce the risk of infection and enhanced safety standards. However, this is more critical for hospitals and clinics and outpatient centers since infection control practices are stern.
- Personalization and Customization: Medical surgical masks have increasingly been personalized in response to changing consumer needs. Customization options run from unique colors, patterns, to even branding. The demand was borne first by the fashion and consumer markets, but healthcare institutions are now also offering personalized options to enhance patient care experiences. Personalized masks might offer psychological comfort for the patients while maintaining the essential features.
- Integration of Smart Features: The smart features are also to be noted in the aspect of current development in the surgical mask and the incorporation of advanced technologies. For instance, they work on creating sensors that can be incorporated in the masks for monitoring air quality, or even the analysis of the respiratory health of an individual. Smart masks will notify the wearer that it's time to change the mask, or alert healthcare providers to potential risks connected with the wearer's health condition. This is still an early-stage innovation but highly exciting for the medical mask industry as a whole.
- E-commerce and Online Distribution Channels: New distribution channels for medical surgical masks arising with the emergence of e-commerce to channel to the retail consumers. Most internet portals now allow end-users to be offered a choice of masks from which to procure medical masks directly from their homes. This trend is hastened during a pandemic; it will continue in the future. Companies will be best placed to expand their digital presence and optimize sales strategies online in order to capture wider market shares.
- Growth in the Cosmetic and Fashion Industry: It becomes an integral part of the modern lifestyle with functionality merging with fashion, thus, giving rise to innovative growth opportunities in the cosmetics and fashion industry. Purely protective medical surgical masks have become relevant not only as life savers, but also as potential items for fashion and cosmetics. This newly found market indicated a developing buyers' interest in fashionable masks that can being just much protection as aesthetics. This has attracted fashion designers, cosmetic brands, and even celebrities to endorse customized or branded masks, presenting a prosperous opening for manufacturers to target the niche group.
- Collaborations and Partnerships: Many opportunities exist for strategic collaborations and partnerships in the medical surgical mask market. Healthcare organizations, manufacturers of masks, and research organizations may work together to innovate newer mask technologies that have better protection with more comfort. Such public-private partnerships may also be sought in order to increase accessibility and affordability in areas that are under- or un-served. Cross-industry collaborations throughout the development process may lead to innovations as the market continues changing.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Surgical Mask 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 Medical Surgical Mask 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
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Basic Surgical Mask segment, by type, dominated the market in 2023.
North America region dominated the Medical Surgical Mask market in 2023.
E-commerce and Online Distribution Channels act as a opportunity for growth of the market in forecast period.
The Medical Surgical Mask Market is estimated to witness a CAGR of 8.4% from 2023 to 2031
The major factors driving the Medical Surgical Mask market are:
1. Growing Global Health Concerns
2. Regulatory Mandates and Requirements Lifted by Governments
Players operating in the market are 3M, DuPont, Ansell Ltd., Cardinal Health, Halyard Health, Kimberly-Clark Worldwide, Inc., Crosstex International, Inc., Medline Industries, Inc., Dynarex Corporation, Alpha Pro Tech
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Surgical Mask Market - By Type
1.3.2 Medical Surgical Mask Market - By Distribution Channel
1.3.3 Medical Surgical Mask Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL SURGICAL MASK 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. MEDICAL SURGICAL MASK 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. MEDICAL SURGICAL MASK MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL SURGICAL MASK - GLOBAL MARKET OVERVIEW
6.2. MEDICAL SURGICAL MASK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL SURGICAL MASK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BASIC SURGICAL MASK
7.3.1. Overview
7.3.2. Basic Surgical Mask Market Forecast and Analysis
7.4. ANTI-FOG SURGICAL MASK
7.4.1. Overview
7.4.2. Anti-fog Surgical Mask Market Forecast and Analysis
7.5. FLUID/SPLASH RESISTANT SURGICAL MASK
7.5.1. Overview
7.5.2. Fluid/Splash Resistant Surgical Mask Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. MEDICAL SURGICAL MASK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL PHARMACIES
8.3.1. Overview
8.3.2. Hospital Pharmacies Market Forecast and Analysis
8.4. RETAIL PHARMACIES
8.4.1. Overview
8.4.2. Retail Pharmacies Market Forecast and Analysis
8.5. ONLINE PHARMACIES
8.5.1. Overview
8.5.2. Online Pharmacies Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MEDICAL SURGICAL MASK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Medical Surgical Mask Market Overview
9.1.2 North America Medical Surgical Mask Market Forecasts and Analysis
9.1.3 North America Medical Surgical Mask Market Forecasts and Analysis - By Type
9.1.4 North America Medical Surgical Mask Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Medical Surgical Mask Market Forecasts and Analysis - By Countries
9.1.5.1 United States Medical Surgical Mask Market
9.1.5.1.1 United States Medical Surgical Mask Market by Type
9.1.5.1.2 United States Medical Surgical Mask Market by Distribution Channel
9.1.5.2 Canada Medical Surgical Mask Market
9.1.5.2.1 Canada Medical Surgical Mask Market by Type
9.1.5.2.2 Canada Medical Surgical Mask Market by Distribution Channel
9.1.5.3 Mexico Medical Surgical Mask Market
9.1.5.3.1 Mexico Medical Surgical Mask Market by Type
9.1.5.3.2 Mexico Medical Surgical Mask Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Medical Surgical Mask Market Overview
9.2.2 Europe Medical Surgical Mask Market Forecasts and Analysis
9.2.3 Europe Medical Surgical Mask Market Forecasts and Analysis - By Type
9.2.4 Europe Medical Surgical Mask Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Medical Surgical Mask Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Medical Surgical Mask Market
9.2.5.1.1 Germany Medical Surgical Mask Market by Type
9.2.5.1.2 Germany Medical Surgical Mask Market by Distribution Channel
9.2.5.2 France Medical Surgical Mask Market
9.2.5.2.1 France Medical Surgical Mask Market by Type
9.2.5.2.2 France Medical Surgical Mask Market by Distribution Channel
9.2.5.3 Italy Medical Surgical Mask Market
9.2.5.3.1 Italy Medical Surgical Mask Market by Type
9.2.5.3.2 Italy Medical Surgical Mask Market by Distribution Channel
9.2.5.4 Spain Medical Surgical Mask Market
9.2.5.4.1 Spain Medical Surgical Mask Market by Type
9.2.5.4.2 Spain Medical Surgical Mask Market by Distribution Channel
9.2.5.5 United Kingdom Medical Surgical Mask Market
9.2.5.5.1 United Kingdom Medical Surgical Mask Market by Type
9.2.5.5.2 United Kingdom Medical Surgical Mask Market by Distribution Channel
9.2.5.6 Rest of Europe Medical Surgical Mask Market
9.2.5.6.1 Rest of Europe Medical Surgical Mask Market by Type
9.2.5.6.2 Rest of Europe Medical Surgical Mask Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Medical Surgical Mask Market Overview
9.3.2 Asia-Pacific Medical Surgical Mask Market Forecasts and Analysis
9.3.3 Asia-Pacific Medical Surgical Mask Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Medical Surgical Mask Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Medical Surgical Mask Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Medical Surgical Mask Market
9.3.5.1.1 Australia Medical Surgical Mask Market by Type
9.3.5.1.2 Australia Medical Surgical Mask Market by Distribution Channel
9.3.5.2 China Medical Surgical Mask Market
9.3.5.2.1 China Medical Surgical Mask Market by Type
9.3.5.2.2 China Medical Surgical Mask Market by Distribution Channel
9.3.5.3 India Medical Surgical Mask Market
9.3.5.3.1 India Medical Surgical Mask Market by Type
9.3.5.3.2 India Medical Surgical Mask Market by Distribution Channel
9.3.5.4 Japan Medical Surgical Mask Market
9.3.5.4.1 Japan Medical Surgical Mask Market by Type
9.3.5.4.2 Japan Medical Surgical Mask Market by Distribution Channel
9.3.5.5 South Korea Medical Surgical Mask Market
9.3.5.5.1 South Korea Medical Surgical Mask Market by Type
9.3.5.5.2 South Korea Medical Surgical Mask Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Medical Surgical Mask Market
9.3.5.6.1 Rest of Asia-Pacific Medical Surgical Mask Market by Type
9.3.5.6.2 Rest of Asia-Pacific Medical Surgical Mask Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Medical Surgical Mask Market Overview
9.4.2 Middle East and Africa Medical Surgical Mask Market Forecasts and Analysis
9.4.3 Middle East and Africa Medical Surgical Mask Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Medical Surgical Mask Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Medical Surgical Mask Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Medical Surgical Mask Market
9.4.5.1.1 South Africa Medical Surgical Mask Market by Type
9.4.5.1.2 South Africa Medical Surgical Mask Market by Distribution Channel
9.4.5.2 Saudi Arabia Medical Surgical Mask Market
9.4.5.2.1 Saudi Arabia Medical Surgical Mask Market by Type
9.4.5.2.2 Saudi Arabia Medical Surgical Mask Market by Distribution Channel
9.4.5.3 U.A.E Medical Surgical Mask Market
9.4.5.3.1 U.A.E Medical Surgical Mask Market by Type
9.4.5.3.2 U.A.E Medical Surgical Mask Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Medical Surgical Mask Market
9.4.5.4.1 Rest of Middle East and Africa Medical Surgical Mask Market by Type
9.4.5.4.2 Rest of Middle East and Africa Medical Surgical Mask Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Medical Surgical Mask Market Overview
9.5.2 South and Central America Medical Surgical Mask Market Forecasts and Analysis
9.5.3 South and Central America Medical Surgical Mask Market Forecasts and Analysis - By Type
9.5.4 South and Central America Medical Surgical Mask Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Medical Surgical Mask Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Medical Surgical Mask Market
9.5.5.1.1 Brazil Medical Surgical Mask Market by Type
9.5.5.1.2 Brazil Medical Surgical Mask Market by Distribution Channel
9.5.5.2 Argentina Medical Surgical Mask Market
9.5.5.2.1 Argentina Medical Surgical Mask Market by Type
9.5.5.2.2 Argentina Medical Surgical Mask Market by Distribution Channel
9.5.5.3 Rest of South and Central America Medical Surgical Mask Market
9.5.5.3.1 Rest of South and Central America Medical Surgical Mask Market by Type
9.5.5.3.2 Rest of South and Central America Medical Surgical Mask Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL SURGICAL MASK 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. MEDICAL SURGICAL MASK MARKET, KEY COMPANY PROFILES
12.1. 3M
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. DUPONT
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. ANSELL LTD.
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. CARDINAL HEALTH
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. HALYARD HEALTH
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. KIMBERLY-CLARK WORLDWIDE, INC.
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. CROSSTEX INTERNATIONAL, 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. MEDLINE INDUSTRIES, INC.
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. DYNAREX CORPORATION
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. ALPHA PRO TECH
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. 3M
2. DuPont
3. Ansell Ltd.
4. Cardinal Health
5. Halyard Health
6. Kimberly-Clark Worldwide, Inc.
7. Crosstex International, Inc.
8. Medline Industries, Inc.
9. Dynarex Corporation
10. Alpha Pro Tech
11. Med-Con
12. PRI- MED Medical Products, Inc.
13. Prestige Ameritech
14. Makrite Singapore
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For