Neonatal Infant Care Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Neonatal care is the type of care provided to an infant in a neonatal unit where assistance or monitoring is required due to several medical conditions such as premature birth (i.e., before 37 weeks of pregnancy), sickness or low birth weight. Neonatal care equipment's are complex medical machines and devices for the specific needs of babies. It comprises equipment used in a neonatal intensive care unit (NICU), pediatric intensive care unit (PICU), or outside to ensure proper care of newly born infants along with a specialized team of medical professionals.
MARKET DYNAMICS
The global neonatal infant care equipment market driver comprises of the increasing prevalence of hypothermia preterm births, the rising prevalence of neonatal jaundice, and increasing neonatal hospital-acquired infections. Growing investments by regional governments and leading manufacturers in several developing countries are the factors that propel the market growth. Additionally, enhanced healthcare facilities in developed economies and rapid advancements in technology are also expected to boost the growth of the market. The rapid spread of COVID-19 has significantly impacted the market as newborns are at increased risk of COVID-19 infection due to underdeveloped immune systems. Hence, government organizations have established specific regulations and standards for testing and efficient diagnostic procedures for new-borns, leading to rising demand for equipment for neonatal care during pandemic across the globe. However, poor accessibility towards neonatal care in low- income countries, and high prices of products may hinder the growth of the global neonatal infant care equipment market over the forecast period.
MARKET SCOPE
The "Neonatal Infant Care Equipment 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 neonatal infant care equipment market with detailed market segmentation by type and application. The neonatal infant care equipment market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in neonatal infant care equipment market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The neonatal infant care equipment market are segmented on the basis of type and application. On the basis of type, the market is segmented as thermoregulation devices, phototherapy devices, monitoring systems, hearing screening, and vision screening. On the basis of application, the market is segmented as hospitals, pediatric & neonatal clinics, and nursing homes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the neonatal infant care equipment 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 neonatal infant care equipment 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 neonatal infant care equipment 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 affecting the neonatal infant care equipment market in these regions.
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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the neonatal infant care equipment 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 neonatal infant care equipment 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 neonatal infant care equipment 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 affecting the neonatal infant care equipment market in these regions.
MARKET PLAYERS
The report covers key developments in the neonatal infant care equipment 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 neonatal infant care equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for neonatal infant care equipment in the global market. Below mentioned is the list of few companies engaged in the neonatal infant care equipment market.
The report also includes the profiles of key players in neonatal infant care equipment 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.
- GE Healthcare
- Becton; Dickinson and Company
- The Draeger Group
- Natus Medical Incorporated
- Masimo Corporation
- Weyer GmbH
- Koninklijke Philips N.V.
- Fisher & Paykel Healthcare Limited
- BabyBloom Healthcare BV
- Medical Technology Transfer and Services Asia (MTTS Asia)
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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 Neonatal Infant Care Equipment Market - By Type
1.3.2 Neonatal Infant Care Equipment Market - By Application
1.3.3 Neonatal Infant Care Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEONATAL INFANT CARE EQUIPMENT 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. NEONATAL INFANT CARE EQUIPMENT 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. NEONATAL INFANT CARE EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. NEONATAL INFANT CARE EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. NEONATAL INFANT CARE EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NEONATAL INFANT CARE EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. THERMOREGULATION DEVICES
7.3.1. Overview
7.3.2. Thermoregulation Devices Market Forecast and Analysis
7.3.3. Radiant Warmers Market
7.3.3.1. Overview
7.3.3.2. Radiant Warmers Market Forecast and Analysis
7.3.4. Neonatal Incubators Market
7.3.4.1. Overview
7.3.4.2. Neonatal Incubators Market Forecast and Analysis
7.3.5. Neonatal Cooling Systems. Market
7.3.5.1. Overview
7.3.5.2. Neonatal Cooling Systems. Market Forecast and Analysis
7.4. PHOTOTHERAPY DEVICES
7.4.1. Overview
7.4.2. Phototherapy Devices Market Forecast and Analysis
7.4.3. LED Phototherapy Units Market
7.4.3.1. Overview
7.4.3.2. LED Phototherapy Units Market Forecast and Analysis
7.4.4. CFL Phototherapy Units Market
7.4.4.1. Overview
7.4.4.2. CFL Phototherapy Units Market Forecast and Analysis
7.4.5. Phototherapy Eye Masks Market
7.4.5.1. Overview
7.4.5.2. Phototherapy Eye Masks Market Forecast and Analysis
7.5. MONITORING SYSTEMS
7.5.1. Overview
7.5.2. Monitoring Systems Market Forecast and Analysis
7.5.3. Neonatal Ventilation Market
7.5.3.1. Overview
7.5.3.2. Neonatal Ventilation Market Forecast and Analysis
7.5.4. Brain Monitoring Market
7.5.4.1. Overview
7.5.4.2. Brain Monitoring Market Forecast and Analysis
7.5.5. Blood Gas Monitoring Systems Market
7.5.5.1. Overview
7.5.5.2. Blood Gas Monitoring Systems Market Forecast and Analysis
7.6. HEARING SCREENING
7.6.1. Overview
7.6.2. Hearing Screening Market Forecast and Analysis
7.7. VISION SCREENING
7.7.1. Overview
7.7.2. Vision Screening Market Forecast and Analysis
8. NEONATAL INFANT CARE EQUIPMENT 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. PAEDIATRIC AND NEONATAL CLINICS
8.4.1. Overview
8.4.2. Paediatric and Neonatal Clinics Market Forecast and Analysis
8.5. NURSING HOMES
8.5.1. Overview
8.5.2. Nursing Homes Market Forecast and Analysis
9. NEONATAL INFANT CARE EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Neonatal Infant Care Equipment Market Overview
9.1.2 North America Neonatal Infant Care Equipment Market Forecasts and Analysis
9.1.3 North America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Neonatal Infant Care Equipment Market
9.1.5.1.1 Canada Neonatal Infant Care Equipment Market by Type
9.1.5.1.2 Canada Neonatal Infant Care Equipment Market by Application
9.1.5.2 Mexico Neonatal Infant Care Equipment Market
9.1.5.2.1 Mexico Neonatal Infant Care Equipment Market by Type
9.1.5.2.2 Mexico Neonatal Infant Care Equipment Market by Application
9.1.5.3 US Neonatal Infant Care Equipment Market
9.1.5.3.1 US Neonatal Infant Care Equipment Market by Type
9.1.5.3.2 US Neonatal Infant Care Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Neonatal Infant Care Equipment Market Overview
9.2.2 Europe Neonatal Infant Care Equipment Market Forecasts and Analysis
9.2.3 Europe Neonatal Infant Care Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Neonatal Infant Care Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Neonatal Infant Care Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Neonatal Infant Care Equipment Market
9.2.5.1.1 Germany Neonatal Infant Care Equipment Market by Type
9.2.5.1.2 Germany Neonatal Infant Care Equipment Market by Application
9.2.5.2 France Neonatal Infant Care Equipment Market
9.2.5.2.1 France Neonatal Infant Care Equipment Market by Type
9.2.5.2.2 France Neonatal Infant Care Equipment Market by Application
9.2.5.3 Italy Neonatal Infant Care Equipment Market
9.2.5.3.1 Italy Neonatal Infant Care Equipment Market by Type
9.2.5.3.2 Italy Neonatal Infant Care Equipment Market by Application
9.2.5.4 Spain Neonatal Infant Care Equipment Market
9.2.5.4.1 Spain Neonatal Infant Care Equipment Market by Type
9.2.5.4.2 Spain Neonatal Infant Care Equipment Market by Application
9.2.5.5 United Kingdom Neonatal Infant Care Equipment Market
9.2.5.5.1 United Kingdom Neonatal Infant Care Equipment Market by Type
9.2.5.5.2 United Kingdom Neonatal Infant Care Equipment Market by Application
9.2.5.6 Rest of Europe Neonatal Infant Care Equipment Market
9.2.5.6.1 Rest of Europe Neonatal Infant Care Equipment Market by Type
9.2.5.6.2 Rest of Europe Neonatal Infant Care Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Neonatal Infant Care Equipment Market Overview
9.3.2 Asia-Pacific Neonatal Infant Care Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Neonatal Infant Care Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Neonatal Infant Care Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Neonatal Infant Care Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Neonatal Infant Care Equipment Market
9.3.5.1.1 Australia Neonatal Infant Care Equipment Market by Type
9.3.5.1.2 Australia Neonatal Infant Care Equipment Market by Application
9.3.5.2 China Neonatal Infant Care Equipment Market
9.3.5.2.1 China Neonatal Infant Care Equipment Market by Type
9.3.5.2.2 China Neonatal Infant Care Equipment Market by Application
9.3.5.3 India Neonatal Infant Care Equipment Market
9.3.5.3.1 India Neonatal Infant Care Equipment Market by Type
9.3.5.3.2 India Neonatal Infant Care Equipment Market by Application
9.3.5.4 Japan Neonatal Infant Care Equipment Market
9.3.5.4.1 Japan Neonatal Infant Care Equipment Market by Type
9.3.5.4.2 Japan Neonatal Infant Care Equipment Market by Application
9.3.5.5 South Korea Neonatal Infant Care Equipment Market
9.3.5.5.1 South Korea Neonatal Infant Care Equipment Market by Type
9.3.5.5.2 South Korea Neonatal Infant Care Equipment Market by Application
9.3.5.6 Rest of Asia-Pacific Neonatal Infant Care Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Neonatal Infant Care Equipment Market by Type
9.3.5.6.2 Rest of Asia-Pacific Neonatal Infant Care Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Neonatal Infant Care Equipment Market Overview
9.4.2 Middle East and Africa Neonatal Infant Care Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Neonatal Infant Care Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Neonatal Infant Care Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Neonatal Infant Care Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Neonatal Infant Care Equipment Market
9.4.5.1.1 South Africa Neonatal Infant Care Equipment Market by Type
9.4.5.1.2 South Africa Neonatal Infant Care Equipment Market by Application
9.4.5.2 Saudi Arabia Neonatal Infant Care Equipment Market
9.4.5.2.1 Saudi Arabia Neonatal Infant Care Equipment Market by Type
9.4.5.2.2 Saudi Arabia Neonatal Infant Care Equipment Market by Application
9.4.5.3 U.A.E Neonatal Infant Care Equipment Market
9.4.5.3.1 U.A.E Neonatal Infant Care Equipment Market by Type
9.4.5.3.2 U.A.E Neonatal Infant Care Equipment Market by Application
9.4.5.4 Rest of Middle East and Africa Neonatal Infant Care Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Neonatal Infant Care Equipment Market by Type
9.4.5.4.2 Rest of Middle East and Africa Neonatal Infant Care Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Neonatal Infant Care Equipment Market Overview
9.5.2 South and Central America Neonatal Infant Care Equipment Market Forecasts and Analysis
9.5.3 South and Central America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Neonatal Infant Care Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Neonatal Infant Care Equipment Market
9.5.5.1.1 Brazil Neonatal Infant Care Equipment Market by Type
9.5.5.1.2 Brazil Neonatal Infant Care Equipment Market by Application
9.5.5.2 Argentina Neonatal Infant Care Equipment Market
9.5.5.2.1 Argentina Neonatal Infant Care Equipment Market by Type
9.5.5.2.2 Argentina Neonatal Infant Care Equipment Market by Application
9.5.5.3 Rest of South and Central America Neonatal Infant Care Equipment Market
9.5.5.3.1 Rest of South and Central America Neonatal Infant Care Equipment Market by Type
9.5.5.3.2 Rest of South and Central America Neonatal Infant Care Equipment 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. NEONATAL INFANT CARE EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. GE HEALTHCARE
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. BECTON; DICKINSON AND COMPANY
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. THE DRAEGER GROUP
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. NATUS MEDICAL INCORPORATED
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. MASIMO CORPORATION
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. WEYER GMBH
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. KONINKLIJKE PHILIPS N.V.
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. FISHER AND PAYKEL HEALTHCARE LIMITED
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. BABYBLOOM HEALTHCARE BV
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. MEDICAL TECHNOLOGY TRANSFER AND SERVICES ASIA (MTTS ASIA)
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. GE Healthcare
2. Becton; Dickinson and Company
3. The Draeger Group
4. Natus Medical Incorporated
5. Masimo Corporation
6. Weyer GmbH
7. Koninklijke Philips N.V.
8. Fisher and Paykel Healthcare Limited
9. BabyBloom Healthcare BV
10. Medical Technology Transfer and Services Asia (MTTS Asia)
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