Medical Transfer Tapes Market Dynamics 2021-2031
Medical transfer tapes are known to be pressure sensitive tapes that have medical grade adhesives in them. They are widely used in the healthcare, medical and electronics industries. These tapes are useful in thin film dressings, antimicrobial dressings, surgical patches and wound closure products, among others applications. Medical transfer tapes are utilized to prevent injuries during various sporting events. They secure IV tubes and other products used in different healthcare conditions. Transfer tapes are a rigid and made of durable material that makes it easier for converters to produce accurate finished parts with tight tolerance standards and utilized in surgical drape construction and medical device assembly. They are available in custom shapes and dimensions as required during the medical procedure.
MARKET SCOPE
The "Global Medical Transfer Tapes Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical transfer tapes market with detailed market segmentation by product type, application, distribution channel, and geography. The report provides key statistics on the market status of the leading medical transfer tapes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global medical transfer tapes market is segmented into silicone tapes, adhesive tapes, paper tapes, and cloth tapes.
- On the basis of application, the market is bifurcated into wound care, diagnostics, skin care, medical device assembly, and others.
- On the basis of distribution channel, the market is bifurcated into ambulatory surgical centre, hospitals, clinics, and homecare.
MARKET DYNAMICS
Drivers
- Growing applications of medical transfer tapes in various industries drive the growth of the market.
- Factors such as flexibility, skin friendly, breathable, easily removable and utilization in wound care dressings for short as well as long terms propel the growth of the market.
- Increasing concerns regarding infections and rising incidence of burns and injuries fuel the market growth.
- Growing number of diseases, availability of technologically advanced medical services and growing medical and healthcare sector boost the market growth.
Restraints
- Increasing medical adhesive-related skin injuries.
- Lack of proper guidelines regarding the use of medical transfer tapes.
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 medical transfer tapes 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 market during 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 medical transfer tapes market in these regions.
IMPACT OF COVID-19 ON MEDICAL TRANSFER TAPES 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of 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. Due to the outbreak the medical transfer tape market was facing a number of challenges. The market initially registered certain level of decline in the growth because of worldwide lockdown, denied wound care services, delayed or postponed elective surgeries and increasing injury cases. The supply chain was also affected. Although, due to unmet market demand, it is expected that the market may witness significant growth after upliftment of restrictive measures across the world.
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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 medical transfer tapes 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 market during 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 medical transfer tapes market in these regions.
IMPACT OF COVID-19 ON MEDICAL TRANSFER TAPES 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of 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. Due to the outbreak the medical transfer tape market was facing a number of challenges. The market initially registered certain level of decline in the growth because of worldwide lockdown, denied wound care services, delayed or postponed elective surgeries and increasing injury cases. The supply chain was also affected. Although, due to unmet market demand, it is expected that the market may witness significant growth after upliftment of restrictive measures across the world.
MARKET PLAYERS
The report covers key developments in the medical transfer tapes 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from medical transfer tapes market are anticipated to have lucrative growth opportunities in the future with the rising demand for medical transfer tapes in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical transfer tapes 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.
- 3M Healthcare
- Avery Dennison Corporation
- Baxter International Inc.
- Johnson & Johnson
- Derma Sciences Inc.
- Berry Global, Inc.
- Paul Hartmann Pty Limited
- Cardinal Health, Inc.
- Smith & Nephew plc
- Molnlycke Health Care.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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 Medical Transfer Tapes Market - By Product Type
1.3.2 Medical Transfer Tapes Market - By Application
1.3.3 Medical Transfer Tapes Market - By Distribution channel
1.3.4 Medical Transfer Tapes Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL TRANSFER TAPES 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 TRANSFER TAPES 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 TRANSFER TAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL TRANSFER TAPES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL TRANSFER TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL TRANSFER TAPES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SILICONE TAPES
7.3.1. Overview
7.3.2. Silicone Tapes Market Forecast and Analysis
7.4. ADHESIVE TAPES
7.4.1. Overview
7.4.2. Adhesive Tapes Market Forecast and Analysis
7.5. PAPER TAPES
7.5.1. Overview
7.5.2. Paper Tapes Market Forecast and Analysis
7.6. CLOTH TAPES
7.6.1. Overview
7.6.2. Cloth Tapes Market Forecast and Analysis
8. MEDICAL TRANSFER TAPES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WOUND CARE
8.3.1. Overview
8.3.2. Wound Care Market Forecast and Analysis
8.4. DIAGNOSTICS
8.4.1. Overview
8.4.2. Diagnostics Market Forecast and Analysis
8.5. SKIN CARE
8.5.1. Overview
8.5.2. Skin Care Market Forecast and Analysis
8.6. MEDICAL DEVICE ASSEMBLY
8.6.1. Overview
8.6.2. Medical Device Assembly Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MEDICAL TRANSFER TAPES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. AMBULATORY SURGICAL CENTRE
9.3.1. Overview
9.3.2. Ambulatory Surgical Centre Market Forecast and Analysis
9.4. HOSPITALS
9.4.1. Overview
9.4.2. Hospitals Market Forecast and Analysis
9.5. CLINICS
9.5.1. Overview
9.5.2. Clinics Market Forecast and Analysis
9.6. HOMECARE
9.6.1. Overview
9.6.2. Homecare Market Forecast and Analysis
10. MEDICAL TRANSFER TAPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Transfer Tapes Market Overview
10.1.2 North America Medical Transfer Tapes Market Forecasts and Analysis
10.1.3 North America Medical Transfer Tapes Market Forecasts and Analysis - By Product Type
10.1.4 North America Medical Transfer Tapes Market Forecasts and Analysis - By Application
10.1.5 North America Medical Transfer Tapes Market Forecasts and Analysis - By Distribution channel
10.1.6 North America Medical Transfer Tapes Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Medical Transfer Tapes Market
10.1.6.1.1 Canada Medical Transfer Tapes Market by Product Type
10.1.6.1.2 Canada Medical Transfer Tapes Market by Application
10.1.6.1.3 Canada Medical Transfer Tapes Market by Distribution channel
10.1.6.2 Mexico Medical Transfer Tapes Market
10.1.6.2.1 Mexico Medical Transfer Tapes Market by Product Type
10.1.6.2.2 Mexico Medical Transfer Tapes Market by Application
10.1.6.2.3 Mexico Medical Transfer Tapes Market by Distribution channel
10.1.6.3 US Medical Transfer Tapes Market
10.1.6.3.1 US Medical Transfer Tapes Market by Product Type
10.1.6.3.2 US Medical Transfer Tapes Market by Application
10.1.6.3.3 US Medical Transfer Tapes Market by Distribution channel
10.2. EUROPE
10.2.1 Europe Medical Transfer Tapes Market Overview
10.2.2 Europe Medical Transfer Tapes Market Forecasts and Analysis
10.2.3 Europe Medical Transfer Tapes Market Forecasts and Analysis - By Product Type
10.2.4 Europe Medical Transfer Tapes Market Forecasts and Analysis - By Application
10.2.5 Europe Medical Transfer Tapes Market Forecasts and Analysis - By Distribution channel
10.2.6 Europe Medical Transfer Tapes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Transfer Tapes Market
10.2.6.1.1 Germany Medical Transfer Tapes Market by Product Type
10.2.6.1.2 Germany Medical Transfer Tapes Market by Application
10.2.6.1.3 Germany Medical Transfer Tapes Market by Distribution channel
10.2.6.2 France Medical Transfer Tapes Market
10.2.6.2.1 France Medical Transfer Tapes Market by Product Type
10.2.6.2.2 France Medical Transfer Tapes Market by Application
10.2.6.2.3 France Medical Transfer Tapes Market by Distribution channel
10.2.6.3 Italy Medical Transfer Tapes Market
10.2.6.3.1 Italy Medical Transfer Tapes Market by Product Type
10.2.6.3.2 Italy Medical Transfer Tapes Market by Application
10.2.6.3.3 Italy Medical Transfer Tapes Market by Distribution channel
10.2.6.4 Spain Medical Transfer Tapes Market
10.2.6.4.1 Spain Medical Transfer Tapes Market by Product Type
10.2.6.4.2 Spain Medical Transfer Tapes Market by Application
10.2.6.4.3 Spain Medical Transfer Tapes Market by Distribution channel
10.2.6.5 United Kingdom Medical Transfer Tapes Market
10.2.6.5.1 United Kingdom Medical Transfer Tapes Market by Product Type
10.2.6.5.2 United Kingdom Medical Transfer Tapes Market by Application
10.2.6.5.3 United Kingdom Medical Transfer Tapes Market by Distribution channel
10.2.6.6 Rest of Europe Medical Transfer Tapes Market
10.2.6.6.1 Rest of Europe Medical Transfer Tapes Market by Product Type
10.2.6.6.2 Rest of Europe Medical Transfer Tapes Market by Application
10.2.6.6.3 Rest of Europe Medical Transfer Tapes Market by Distribution channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Transfer Tapes Market Overview
10.3.2 Asia-Pacific Medical Transfer Tapes Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Transfer Tapes Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Medical Transfer Tapes Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Medical Transfer Tapes Market Forecasts and Analysis - By Distribution channel
10.3.6 Asia-Pacific Medical Transfer Tapes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Transfer Tapes Market
10.3.6.1.1 Australia Medical Transfer Tapes Market by Product Type
10.3.6.1.2 Australia Medical Transfer Tapes Market by Application
10.3.6.1.3 Australia Medical Transfer Tapes Market by Distribution channel
10.3.6.2 China Medical Transfer Tapes Market
10.3.6.2.1 China Medical Transfer Tapes Market by Product Type
10.3.6.2.2 China Medical Transfer Tapes Market by Application
10.3.6.2.3 China Medical Transfer Tapes Market by Distribution channel
10.3.6.3 India Medical Transfer Tapes Market
10.3.6.3.1 India Medical Transfer Tapes Market by Product Type
10.3.6.3.2 India Medical Transfer Tapes Market by Application
10.3.6.3.3 India Medical Transfer Tapes Market by Distribution channel
10.3.6.4 Japan Medical Transfer Tapes Market
10.3.6.4.1 Japan Medical Transfer Tapes Market by Product Type
10.3.6.4.2 Japan Medical Transfer Tapes Market by Application
10.3.6.4.3 Japan Medical Transfer Tapes Market by Distribution channel
10.3.6.5 South Korea Medical Transfer Tapes Market
10.3.6.5.1 South Korea Medical Transfer Tapes Market by Product Type
10.3.6.5.2 South Korea Medical Transfer Tapes Market by Application
10.3.6.5.3 South Korea Medical Transfer Tapes Market by Distribution channel
10.3.6.6 Rest of Asia-Pacific Medical Transfer Tapes Market
10.3.6.6.1 Rest of Asia-Pacific Medical Transfer Tapes Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Medical Transfer Tapes Market by Application
10.3.6.6.3 Rest of Asia-Pacific Medical Transfer Tapes Market by Distribution channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Transfer Tapes Market Overview
10.4.2 Middle East and Africa Medical Transfer Tapes Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Transfer Tapes Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Medical Transfer Tapes Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Medical Transfer Tapes Market Forecasts and Analysis - By Distribution channel
10.4.6 Middle East and Africa Medical Transfer Tapes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Transfer Tapes Market
10.4.6.1.1 South Africa Medical Transfer Tapes Market by Product Type
10.4.6.1.2 South Africa Medical Transfer Tapes Market by Application
10.4.6.1.3 South Africa Medical Transfer Tapes Market by Distribution channel
10.4.6.2 Saudi Arabia Medical Transfer Tapes Market
10.4.6.2.1 Saudi Arabia Medical Transfer Tapes Market by Product Type
10.4.6.2.2 Saudi Arabia Medical Transfer Tapes Market by Application
10.4.6.2.3 Saudi Arabia Medical Transfer Tapes Market by Distribution channel
10.4.6.3 U.A.E Medical Transfer Tapes Market
10.4.6.3.1 U.A.E Medical Transfer Tapes Market by Product Type
10.4.6.3.2 U.A.E Medical Transfer Tapes Market by Application
10.4.6.3.3 U.A.E Medical Transfer Tapes Market by Distribution channel
10.4.6.4 Rest of Middle East and Africa Medical Transfer Tapes Market
10.4.6.4.1 Rest of Middle East and Africa Medical Transfer Tapes Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Medical Transfer Tapes Market by Application
10.4.6.4.3 Rest of Middle East and Africa Medical Transfer Tapes Market by Distribution channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Transfer Tapes Market Overview
10.5.2 South and Central America Medical Transfer Tapes Market Forecasts and Analysis
10.5.3 South and Central America Medical Transfer Tapes Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Medical Transfer Tapes Market Forecasts and Analysis - By Application
10.5.5 South and Central America Medical Transfer Tapes Market Forecasts and Analysis - By Distribution channel
10.5.6 South and Central America Medical Transfer Tapes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Transfer Tapes Market
10.5.6.1.1 Brazil Medical Transfer Tapes Market by Product Type
10.5.6.1.2 Brazil Medical Transfer Tapes Market by Application
10.5.6.1.3 Brazil Medical Transfer Tapes Market by Distribution channel
10.5.6.2 Argentina Medical Transfer Tapes Market
10.5.6.2.1 Argentina Medical Transfer Tapes Market by Product Type
10.5.6.2.2 Argentina Medical Transfer Tapes Market by Application
10.5.6.2.3 Argentina Medical Transfer Tapes Market by Distribution channel
10.5.6.3 Rest of South and Central America Medical Transfer Tapes Market
10.5.6.3.1 Rest of South and Central America Medical Transfer Tapes Market by Product Type
10.5.6.3.2 Rest of South and Central America Medical Transfer Tapes Market by Application
10.5.6.3.3 Rest of South and Central America Medical Transfer Tapes Market by Distribution channel
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 TRANSFER TAPES MARKET, KEY COMPANY PROFILES
12.1. 3M HEALTHCARE
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. AVERY DENNISON CORPORATION
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. BAXTER INTERNATIONAL INC.
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. JOHNSON AND JOHNSON
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. DERMA SCIENCES INC.
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. BERRY GLOBAL, 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. PAUL HARTMANN PTY LIMITED
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. CARDINAL HEALTH, 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. SMITH AND NEPHEW PLC
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. MOLNLYCKE HEALTH CARE
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 Healthcare
2. Avery Dennison Corporation
3. Baxter International Inc.
4. Johnson and Johnson
5. Derma Sciences Inc.
6. Berry Global, Inc.
7. Paul Hartmann Pty Limited
8. Cardinal Health, Inc.
9. Smith and Nephew plc
10. Molnlycke Health Care
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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