Negative Pressure Wound Therapy Drapes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Negative pressure wound therapy (NPWT) is a healing procedure that utilizes a vacuum dressing for wound healing. The NPWT devices are used to treat chronic wounds, such as diabetic ulcers, pressure sores, and post-operative wounds, by applying sub-atmospheric pressure to an open wound. NPWT drapes are used during the healing process of second and third-degree burns. These drapes are designed to be cut in various directions and still be applied by using support film and handling bars. Negative pressure wound therapy drapes are very comfortable and provide an exceptional adhesion performance. These drapes are transparent and without gloss and have a flat appearance, and are latex-free and sterile. Negative pressure wound therapy drapes are used only once during the procedure and follow protocols for infection control and for disposable waste procedures.
MARKET SCOPE
The "Global Negative Pressure Wound Therapy Drapes 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 negative pressure wound therapy drapes market with detailed market segmentation by material, application, and geography. The report provides key statistics on the market status of the leading negative pressure wound therapy drapes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global negative pressure wound therapy drapes market is segmented into polyurethane, polyethylene and others.
- On the basis of application, the market is segmented into hospitals, clinics, laboratories, nursing homes and others.
MARKET DYNAMICS
Drivers
- Growing health awareness among individuals and the increasing popularity of negative pressure wound therapy to treat chronic and acute wounds drive the negative pressure wound therapy drapes market.
- The features of these drapes, such as water resistance, breathability, skin-friendliness, and strong bacterial barrier, fuel the market growth.
- Availability of customized drapes in various shapes and sizes depending upon the therapy boost market's growth.
- Negative pressure wound therapy drapes extensive usage in hospitals, clinics, etc., propel the market growth.
Restraints
- Coating of negative pressure wound therapy drapes may cause an allergic reaction in patients who are sensitive to certain types of glue.
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 negative pressure wound therapy drapes 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 negative pressure wound therapy drapes market in these regions.
IMPACT OF COVID-19 ON NEGATIVE PRESSURE WOUND THERAPY DRAPES 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 market registered a certain level of decline in growth because of worldwide lockdown, supply chain disruption, office shutdowns, denied wound care services, delayed or postponed elective surgeries, and increasing injury cases. In addition, the production of various devices was limited, and supplies of inventories were on hold. Therefore, the factors mentioned above have widely affected the growth of the market during the COVID-19 pandemic.
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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 negative pressure wound therapy drapes 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 negative pressure wound therapy drapes market in these regions.
IMPACT OF COVID-19 ON NEGATIVE PRESSURE WOUND THERAPY DRAPES 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 market registered a certain level of decline in growth because of worldwide lockdown, supply chain disruption, office shutdowns, denied wound care services, delayed or postponed elective surgeries, and increasing injury cases. In addition, the production of various devices was limited, and supplies of inventories were on hold. Therefore, the factors mentioned above have widely affected the growth of the market during the COVID-19 pandemic.
MARKET PLAYERS
The report covers key developments in the negative pressure wound therapy drapes 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 negative pressure wound therapy drapes market are anticipated to have lucrative growth opportunities in the future with the rising demand for negative pressure wound therapy drapes in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the negative pressure wound therapy drapes 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.
- Avery Dennison Corporation
- 3M
- Acelity L.P. Inc.
- KCI Licensing, Inc.
- Smith & Nephew plc.
- Cardinal Health
- McKesson Medical-Surgical Inc.
- Medela
- Talley Group Ltd
- Mölnlycke Health Care AB
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 Negative Pressure Wound Therapy Drapes Market - By Material
1.3.2 Negative Pressure Wound Therapy Drapes Market - By Application
1.3.3 Negative Pressure Wound Therapy Drapes Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEGATIVE PRESSURE WOUND THERAPY DRAPES 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. NEGATIVE PRESSURE WOUND THERAPY DRAPES 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. NEGATIVE PRESSURE WOUND THERAPY DRAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. NEGATIVE PRESSURE WOUND THERAPY DRAPES - GLOBAL MARKET OVERVIEW
6.2. NEGATIVE PRESSURE WOUND THERAPY DRAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NEGATIVE PRESSURE WOUND THERAPY DRAPES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYURETHANE
7.3.1. Overview
7.3.2. Polyurethane Market Forecast and Analysis
7.4. POLYETHYLENE
7.4.1. Overview
7.4.2. Polyethylene Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. NEGATIVE PRESSURE WOUND THERAPY DRAPES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. LABORATORIES
8.5.1. Overview
8.5.2. Laboratories Market Forecast and Analysis
8.6. NURSING HOMES
8.6.1. Overview
8.6.2. Nursing Homes Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. NEGATIVE PRESSURE WOUND THERAPY DRAPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Negative Pressure Wound Therapy Drapes Market Overview
9.1.2 North America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis
9.1.3 North America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Material
9.1.4 North America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Application
9.1.5 North America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Negative Pressure Wound Therapy Drapes Market
9.1.5.1.1 Canada Negative Pressure Wound Therapy Drapes Market by Material
9.1.5.1.2 Canada Negative Pressure Wound Therapy Drapes Market by Application
9.1.5.2 Mexico Negative Pressure Wound Therapy Drapes Market
9.1.5.2.1 Mexico Negative Pressure Wound Therapy Drapes Market by Material
9.1.5.2.2 Mexico Negative Pressure Wound Therapy Drapes Market by Application
9.1.5.3 US Negative Pressure Wound Therapy Drapes Market
9.1.5.3.1 US Negative Pressure Wound Therapy Drapes Market by Material
9.1.5.3.2 US Negative Pressure Wound Therapy Drapes Market by Application
9.2. EUROPE
9.2.1 Europe Negative Pressure Wound Therapy Drapes Market Overview
9.2.2 Europe Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis
9.2.3 Europe Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Material
9.2.4 Europe Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Application
9.2.5 Europe Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Negative Pressure Wound Therapy Drapes Market
9.2.5.1.1 Germany Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.1.2 Germany Negative Pressure Wound Therapy Drapes Market by Application
9.2.5.2 France Negative Pressure Wound Therapy Drapes Market
9.2.5.2.1 France Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.2.2 France Negative Pressure Wound Therapy Drapes Market by Application
9.2.5.3 Italy Negative Pressure Wound Therapy Drapes Market
9.2.5.3.1 Italy Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.3.2 Italy Negative Pressure Wound Therapy Drapes Market by Application
9.2.5.4 Spain Negative Pressure Wound Therapy Drapes Market
9.2.5.4.1 Spain Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.4.2 Spain Negative Pressure Wound Therapy Drapes Market by Application
9.2.5.5 United Kingdom Negative Pressure Wound Therapy Drapes Market
9.2.5.5.1 United Kingdom Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.5.2 United Kingdom Negative Pressure Wound Therapy Drapes Market by Application
9.2.5.6 Rest of Europe Negative Pressure Wound Therapy Drapes Market
9.2.5.6.1 Rest of Europe Negative Pressure Wound Therapy Drapes Market by Material
9.2.5.6.2 Rest of Europe Negative Pressure Wound Therapy Drapes Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Negative Pressure Wound Therapy Drapes Market Overview
9.3.2 Asia-Pacific Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis
9.3.3 Asia-Pacific Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Negative Pressure Wound Therapy Drapes Market
9.3.5.1.1 Australia Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.1.2 Australia Negative Pressure Wound Therapy Drapes Market by Application
9.3.5.2 China Negative Pressure Wound Therapy Drapes Market
9.3.5.2.1 China Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.2.2 China Negative Pressure Wound Therapy Drapes Market by Application
9.3.5.3 India Negative Pressure Wound Therapy Drapes Market
9.3.5.3.1 India Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.3.2 India Negative Pressure Wound Therapy Drapes Market by Application
9.3.5.4 Japan Negative Pressure Wound Therapy Drapes Market
9.3.5.4.1 Japan Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.4.2 Japan Negative Pressure Wound Therapy Drapes Market by Application
9.3.5.5 South Korea Negative Pressure Wound Therapy Drapes Market
9.3.5.5.1 South Korea Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.5.2 South Korea Negative Pressure Wound Therapy Drapes Market by Application
9.3.5.6 Rest of Asia-Pacific Negative Pressure Wound Therapy Drapes Market
9.3.5.6.1 Rest of Asia-Pacific Negative Pressure Wound Therapy Drapes Market by Material
9.3.5.6.2 Rest of Asia-Pacific Negative Pressure Wound Therapy Drapes Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Negative Pressure Wound Therapy Drapes Market Overview
9.4.2 Middle East and Africa Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis
9.4.3 Middle East and Africa Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Negative Pressure Wound Therapy Drapes Market
9.4.5.1.1 South Africa Negative Pressure Wound Therapy Drapes Market by Material
9.4.5.1.2 South Africa Negative Pressure Wound Therapy Drapes Market by Application
9.4.5.2 Saudi Arabia Negative Pressure Wound Therapy Drapes Market
9.4.5.2.1 Saudi Arabia Negative Pressure Wound Therapy Drapes Market by Material
9.4.5.2.2 Saudi Arabia Negative Pressure Wound Therapy Drapes Market by Application
9.4.5.3 U.A.E Negative Pressure Wound Therapy Drapes Market
9.4.5.3.1 U.A.E Negative Pressure Wound Therapy Drapes Market by Material
9.4.5.3.2 U.A.E Negative Pressure Wound Therapy Drapes Market by Application
9.4.5.4 Rest of Middle East and Africa Negative Pressure Wound Therapy Drapes Market
9.4.5.4.1 Rest of Middle East and Africa Negative Pressure Wound Therapy Drapes Market by Material
9.4.5.4.2 Rest of Middle East and Africa Negative Pressure Wound Therapy Drapes Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Negative Pressure Wound Therapy Drapes Market Overview
9.5.2 South and Central America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis
9.5.3 South and Central America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Material
9.5.4 South and Central America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Application
9.5.5 South and Central America Negative Pressure Wound Therapy Drapes Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Negative Pressure Wound Therapy Drapes Market
9.5.5.1.1 Brazil Negative Pressure Wound Therapy Drapes Market by Material
9.5.5.1.2 Brazil Negative Pressure Wound Therapy Drapes Market by Application
9.5.5.2 Argentina Negative Pressure Wound Therapy Drapes Market
9.5.5.2.1 Argentina Negative Pressure Wound Therapy Drapes Market by Material
9.5.5.2.2 Argentina Negative Pressure Wound Therapy Drapes Market by Application
9.5.5.3 Rest of South and Central America Negative Pressure Wound Therapy Drapes Market
9.5.5.3.1 Rest of South and Central America Negative Pressure Wound Therapy Drapes Market by Material
9.5.5.3.2 Rest of South and Central America Negative Pressure Wound Therapy Drapes Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NEGATIVE PRESSURE WOUND THERAPY DRAPES MARKET, KEY COMPANY PROFILES
11.1. AVERY DENNISON CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. 3M
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ACELITY L.P. INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KCI LICENSING, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SMITH AND NEPHEW PLC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CARDINAL HEALTH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MCKESSON MEDICAL-SURGICAL INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MEDELA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TALLEY GROUP LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MöLNLYCKE HEALTH CARE AB
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Avery Dennison Corporation
2. 3M
3. Acelity L.P. Inc.
4. KCI Licensing, Inc.
5. Smith and Nephew plc.
6. Cardinal Health
7. McKesson Medical-Surgical Inc.
8. Medela
9. Talley Group Ltd
10. Mölnlycke Health Care AB
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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