Muscle Relaxant Drugs Market Opportunities 2031
Muscle relaxants are a distinct group of medicines that can relax or reduce tension in muscles. These are used to treat conditions like muscle pain, spasm, and hyperreflexia. The two types of muscle relaxants available in the market are centrally acting muscle relaxants and direct-acting muscle relaxants. Direct-acting muscle relaxants are also known as neuromuscular blocking agents. Direct-acting muscle relaxants are generally used as anesthetics during surgery and long-term basis to allow controlled mechanical ventilation in patients in intensive care units.
MARKET DYNAMICS
The muscle relaxant drugs market is driving due to the rise in prevalence of chronic lower back pain. However, side effects and abuse potential of drugs is likely to restraint the market growth during the forecast period. Moreover, the rise in number of surgeries and increase in geriatric population are projected to drive the global muscle relaxant drugs market during the forecast period.
MARKET SCOPE
The "Muscle Relaxant Drugs Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of muscle relaxant drugs market with detailed market segmentation by drug class, route of administration and distribution channel. The muscle relaxant drugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in muscle relaxant drugs market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The muscle relaxant drugs market is segmented on the basis of drug class, route of administration and distribution channel. Based on drug class, the market is segmented as peripherally acting muscle relaxants and centrally acting muscle relaxants. On the basis of route of administration, the market is categorized as bifurcated into oral and injectable. On the basis of application, the market is categorized as research, clinical. On the basis of distribution channel, the market is categorized as online pharmacies, retail pharmacies, and hospital pharmacies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the muscle relaxant drugs market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The muscle relaxant drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting muscle relaxant drugs market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the muscle relaxant drugs market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the muscle relaxant drugs market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The muscle relaxant drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting muscle relaxant drugs market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the muscle relaxant drugs market in these regions.
MARKET PLAYERS
The report covers key developments in the muscle relaxant drugs 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from muscle relaxant drugs market are anticipated to have lucrative growth opportunities in the future with the rising demand for muscle relaxant drugs in the global market. Below mentioned is the list of few companies engaged in the muscle relaxant drugs market.
The report also includes the profiles of key players in muscle relaxant drugs market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories
- AbbVie, Inc.
- Acorda Therapeutics, Inc.
- Ipsen Biopharmaceuticals, Inc.
- Meda Pharmaceuticals, Inc.
- MedPointe Pharmaceuticals
- Merck & Co., Inc.
- Pfizer, Inc.
- Sandoz, Inc. (Novartis AG)
- Valeant Pharmaceutical International, Inc.
- 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 Muscle Relaxant Drugs Market - By Drug Class
1.3.2 Muscle Relaxant Drugs Market - By Route of Administration
1.3.3 Muscle Relaxant Drugs Market - By Distribution Channel
1.3.4 Muscle Relaxant Drugs Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MUSCLE RELAXANT DRUGS 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. MUSCLE RELAXANT DRUGS 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. MUSCLE RELAXANT DRUGS MARKET - GLOBAL MARKET ANALYSIS
6.1. MUSCLE RELAXANT DRUGS - GLOBAL MARKET OVERVIEW
6.2. MUSCLE RELAXANT DRUGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MUSCLE RELAXANT DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - DRUG CLASS
7.1. OVERVIEW
7.2. DRUG CLASS MARKET FORECASTS AND ANALYSIS
7.3. PERIPHERALLY ACTING MUSCLE RELAXANTS
7.3.1. Overview
7.3.2. Peripherally acting muscle relaxants Market Forecast and Analysis
7.4. CENTRALLY ACTING MUSCLE RELAXANTS
7.4.1. Overview
7.4.2. Centrally acting muscle relaxants Market Forecast and Analysis
8. MUSCLE RELAXANT DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - ROUTE OF ADMINISTRATION
8.1. OVERVIEW
8.2. ROUTE OF ADMINISTRATION MARKET FORECASTS AND ANALYSIS
8.3. BIFURCATED INTO ORAL
8.3.1. Overview
8.3.2. Bifurcated into oral Market Forecast and Analysis
8.4. INJECTABLE
8.4.1. Overview
8.4.2. Injectable Market Forecast and Analysis
9. MUSCLE RELAXANT DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. ONLINE PHARMACIES
9.3.1. Overview
9.3.2. Online pharmacies Market Forecast and Analysis
9.4. RETAIL PHARMACIES
9.4.1. Overview
9.4.2. Retail pharmacies Market Forecast and Analysis
9.5. HOSPITAL PHARMACIES
9.5.1. Overview
9.5.2. Hospital pharmacies Market Forecast and Analysis
10. MUSCLE RELAXANT DRUGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Muscle Relaxant Drugs Market Overview
10.1.2 North America Muscle Relaxant Drugs Market Forecasts and Analysis
10.1.3 North America Muscle Relaxant Drugs Market Forecasts and Analysis - By Drug Class
10.1.4 North America Muscle Relaxant Drugs Market Forecasts and Analysis - By Route of Administration
10.1.5 North America Muscle Relaxant Drugs Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Muscle Relaxant Drugs Market Forecasts and Analysis - By Countries
10.1.6.1 United States Muscle Relaxant Drugs Market
10.1.6.1.1 United States Muscle Relaxant Drugs Market by Drug Class
10.1.6.1.2 United States Muscle Relaxant Drugs Market by Route of Administration
10.1.6.1.3 United States Muscle Relaxant Drugs Market by Distribution Channel
10.1.6.2 Canada Muscle Relaxant Drugs Market
10.1.6.2.1 Canada Muscle Relaxant Drugs Market by Drug Class
10.1.6.2.2 Canada Muscle Relaxant Drugs Market by Route of Administration
10.1.6.2.3 Canada Muscle Relaxant Drugs Market by Distribution Channel
10.1.6.3 Mexico Muscle Relaxant Drugs Market
10.1.6.3.1 Mexico Muscle Relaxant Drugs Market by Drug Class
10.1.6.3.2 Mexico Muscle Relaxant Drugs Market by Route of Administration
10.1.6.3.3 Mexico Muscle Relaxant Drugs Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Muscle Relaxant Drugs Market Overview
10.2.2 Europe Muscle Relaxant Drugs Market Forecasts and Analysis
10.2.3 Europe Muscle Relaxant Drugs Market Forecasts and Analysis - By Drug Class
10.2.4 Europe Muscle Relaxant Drugs Market Forecasts and Analysis - By Route of Administration
10.2.5 Europe Muscle Relaxant Drugs Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Muscle Relaxant Drugs Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Muscle Relaxant Drugs Market
10.2.6.1.1 Germany Muscle Relaxant Drugs Market by Drug Class
10.2.6.1.2 Germany Muscle Relaxant Drugs Market by Route of Administration
10.2.6.1.3 Germany Muscle Relaxant Drugs Market by Distribution Channel
10.2.6.2 France Muscle Relaxant Drugs Market
10.2.6.2.1 France Muscle Relaxant Drugs Market by Drug Class
10.2.6.2.2 France Muscle Relaxant Drugs Market by Route of Administration
10.2.6.2.3 France Muscle Relaxant Drugs Market by Distribution Channel
10.2.6.3 Italy Muscle Relaxant Drugs Market
10.2.6.3.1 Italy Muscle Relaxant Drugs Market by Drug Class
10.2.6.3.2 Italy Muscle Relaxant Drugs Market by Route of Administration
10.2.6.3.3 Italy Muscle Relaxant Drugs Market by Distribution Channel
10.2.6.4 Spain Muscle Relaxant Drugs Market
10.2.6.4.1 Spain Muscle Relaxant Drugs Market by Drug Class
10.2.6.4.2 Spain Muscle Relaxant Drugs Market by Route of Administration
10.2.6.4.3 Spain Muscle Relaxant Drugs Market by Distribution Channel
10.2.6.5 United Kingdom Muscle Relaxant Drugs Market
10.2.6.5.1 United Kingdom Muscle Relaxant Drugs Market by Drug Class
10.2.6.5.2 United Kingdom Muscle Relaxant Drugs Market by Route of Administration
10.2.6.5.3 United Kingdom Muscle Relaxant Drugs Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Muscle Relaxant Drugs Market Overview
10.3.2 Asia-Pacific Muscle Relaxant Drugs Market Forecasts and Analysis
10.3.3 Asia-Pacific Muscle Relaxant Drugs Market Forecasts and Analysis - By Drug Class
10.3.4 Asia-Pacific Muscle Relaxant Drugs Market Forecasts and Analysis - By Route of Administration
10.3.5 Asia-Pacific Muscle Relaxant Drugs Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Muscle Relaxant Drugs Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Muscle Relaxant Drugs Market
10.3.6.1.1 Australia Muscle Relaxant Drugs Market by Drug Class
10.3.6.1.2 Australia Muscle Relaxant Drugs Market by Route of Administration
10.3.6.1.3 Australia Muscle Relaxant Drugs Market by Distribution Channel
10.3.6.2 China Muscle Relaxant Drugs Market
10.3.6.2.1 China Muscle Relaxant Drugs Market by Drug Class
10.3.6.2.2 China Muscle Relaxant Drugs Market by Route of Administration
10.3.6.2.3 China Muscle Relaxant Drugs Market by Distribution Channel
10.3.6.3 India Muscle Relaxant Drugs Market
10.3.6.3.1 India Muscle Relaxant Drugs Market by Drug Class
10.3.6.3.2 India Muscle Relaxant Drugs Market by Route of Administration
10.3.6.3.3 India Muscle Relaxant Drugs Market by Distribution Channel
10.3.6.4 Japan Muscle Relaxant Drugs Market
10.3.6.4.1 Japan Muscle Relaxant Drugs Market by Drug Class
10.3.6.4.2 Japan Muscle Relaxant Drugs Market by Route of Administration
10.3.6.4.3 Japan Muscle Relaxant Drugs Market by Distribution Channel
10.3.6.5 South Korea Muscle Relaxant Drugs Market
10.3.6.5.1 South Korea Muscle Relaxant Drugs Market by Drug Class
10.3.6.5.2 South Korea Muscle Relaxant Drugs Market by Route of Administration
10.3.6.5.3 South Korea Muscle Relaxant Drugs Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Muscle Relaxant Drugs Market Overview
10.4.2 Middle East and Africa Muscle Relaxant Drugs Market Forecasts and Analysis
10.4.3 Middle East and Africa Muscle Relaxant Drugs Market Forecasts and Analysis - By Drug Class
10.4.4 Middle East and Africa Muscle Relaxant Drugs Market Forecasts and Analysis - By Route of Administration
10.4.5 Middle East and Africa Muscle Relaxant Drugs Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Muscle Relaxant Drugs Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Muscle Relaxant Drugs Market
10.4.6.1.1 South Africa Muscle Relaxant Drugs Market by Drug Class
10.4.6.1.2 South Africa Muscle Relaxant Drugs Market by Route of Administration
10.4.6.1.3 South Africa Muscle Relaxant Drugs Market by Distribution Channel
10.4.6.2 Saudi Arabia Muscle Relaxant Drugs Market
10.4.6.2.1 Saudi Arabia Muscle Relaxant Drugs Market by Drug Class
10.4.6.2.2 Saudi Arabia Muscle Relaxant Drugs Market by Route of Administration
10.4.6.2.3 Saudi Arabia Muscle Relaxant Drugs Market by Distribution Channel
10.4.6.3 U.A.E Muscle Relaxant Drugs Market
10.4.6.3.1 U.A.E Muscle Relaxant Drugs Market by Drug Class
10.4.6.3.2 U.A.E Muscle Relaxant Drugs Market by Route of Administration
10.4.6.3.3 U.A.E Muscle Relaxant Drugs Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Muscle Relaxant Drugs Market Overview
10.5.2 South and Central America Muscle Relaxant Drugs Market Forecasts and Analysis
10.5.3 South and Central America Muscle Relaxant Drugs Market Forecasts and Analysis - By Drug Class
10.5.4 South and Central America Muscle Relaxant Drugs Market Forecasts and Analysis - By Route of Administration
10.5.5 South and Central America Muscle Relaxant Drugs Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Muscle Relaxant Drugs Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Muscle Relaxant Drugs Market
10.5.6.1.1 Brazil Muscle Relaxant Drugs Market by Drug Class
10.5.6.1.2 Brazil Muscle Relaxant Drugs Market by Route of Administration
10.5.6.1.3 Brazil Muscle Relaxant Drugs Market by Distribution Channel
10.5.6.2 Argentina Muscle Relaxant Drugs Market
10.5.6.2.1 Argentina Muscle Relaxant Drugs Market by Drug Class
10.5.6.2.2 Argentina Muscle Relaxant Drugs Market by Route of Administration
10.5.6.2.3 Argentina Muscle Relaxant Drugs Market by Distribution Channel
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MUSCLE RELAXANT DRUGS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MUSCLE RELAXANT DRUGS MARKET, KEY COMPANY PROFILES
13.1. ABBOTT LABORATORIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ABBVIE, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ACORDA THERAPEUTICS, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. IPSEN BIOPHARMACEUTICALS, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MEDA PHARMACEUTICALS, INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MEDPOINTE PHARMACEUTICALS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MERCK AND CO., INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PFIZER, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SANDOZ, INC. (NOVARTIS AG)
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VALEANT PHARMACEUTICAL INTERNATIONAL, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Abbott Laboratories
2. AbbVie, Inc.
3. Acorda Therapeutics, Inc.
4. Ipsen Biopharmaceuticals, Inc.
5. Meda Pharmaceuticals, Inc.
6. MedPointe Pharmaceuticals
7. Merck & Co., Inc.
8. Pfizer, Inc.
9. Sandoz, Inc. (Novartis AG)
10. Valeant Pharmaceutical International, Inc.
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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