The Non-PVC IV Bags Market is expected to register a CAGR of 10.5 % from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Single Chamber, Multi Chamber); Material (Ethylene Vinyl Acetate, Polypropylene, Copolyester ether, Others). Also, the report is segmented based on Content Type (Frozen Mixture, Liquid Mixture). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Non-PVC IV Bags Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Non-PVC IV Bags Market Segmentation
Type- Single Chamber
- Multi Chamber
- Ethylene Vinyl Acetate
- Polypropylene
- Copolyester ether
- Others
- Frozen Mixture
- Liquid Mixture
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Non-PVC IV Bags Market Growth Drivers- Growing Demand for Safer, Non-Toxic Medical Products: The use of non-PVC IV bags is on the rise owing to the fears that harmful components like phthalates may leach from the PVC-based bags. As concerns grow from healthcare systems about patient safety and exposure to non-toxic environments, the non-PVC, more biocompatible materials are preferred in the market especially in neonates’, children’s and aged persons’ care.
- Environmental Concerns and Sustainability Initiatives: The rise in environmental concern is one of the factors propelling the acceptance of non-PVC IV bags. The process of producing PVC raises environmental concerns such as plastic pollution and, more so, the release of toxic gases. As such, health care providers adopting sustainability practices are turning to non-PVC substitutes that are made up of plan-friendly resources such as polyethylene or polypropylene, which is increasing their demand especially in the green markets.
- Patient Safety and Health Concerns: The other major factor fuelling the growth of non-PVC IV bags is the concern of the stakeholders over the safety of the patients. The PVC bags usually have certain toxic compounds like phthalates, which can migrate into intravenous fluids hence endangering even more the already compromised patients. There is an added benefit of using non-PVC bags hence their increased demand since hospitals and clinics are now more focused on the patients preserving healthy standards free from toxic agents.
- Shift Toward Biocompatible Materials: The most important trend that will define the non-PVC IV bags market is the shift in interest towards more biocompatible materials, especially polypropylene and polyethylene, which have better safety profiles and better compatibility with IV fluids hence a more reliable and patient-friendly alternative to traditional PVC bags.
- Growing Focus on Sustainability in Healthcare: There is growing interest in sustainability with respect to health care; thus, most hospitals and clinics have lately gone green. Compared to PVC IV bags, non-PVC IV bags are environmentally friendly and recyclable, which is in contrast with green health care.
- Regulatory Compliance as the New Normal: There is a high demand for non-PVC IV bags owing to the emerging use restrictions on harmful chemicals in medical packing. Due to the restrictions imposed against the use of phthalates and other harmful substances in the patients during treatment, non-PVC alternatives are being embraced by healthcare provisions in a bid to wn42657 survive safety standards. This compliance has made it easier for the market to embrace non-PVC options.
- Growing Demand for Safe Medical Products: Heightened focus on patient safety especially with regards to materials present in medical equipment has led to increased requests for safe non-toxic and biocompatible replacements. Non-PVC IV bags do not contain phthalates and other toxic compounds and therefore can be used safely by patients especially neon and pediatric patients. Such trends in demand for safer health care product supplies indicate a buoyant non-PVC IV bags growth potential.
- Development in the Recently Created Healthcare Markets: Non-PVC IV bags are also in great demand because of the improving health care structure in the emerging nations. The hospitals in countries such as Asia and Latin America are switching from PVC products to greener and safer alternatives. This is a great opportunity for the manufacturers to venture into these markets and meet the non-PVC medical solutions growing demand in these regions.
- Growing Preference for Eco-Friendly Healthcare Solutions: On the whole, environmentally friendly products are gaining popularity in the health sector, where healthcare institutes are working to minimize their impact on the environment. Non-PVC IV bags shall gain importance due to recyclability and lesser harmful constituent materials. The foremost demands in the market for green initiative plastic waste reduction are creating opportunities for manufacturers to popularize environmentally friendly alternatives that supersede traditional PVC.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Non-PVC IV Bags Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Non-PVC IV Bags Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Asia Pacific region is the fastest growing in the market
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
B. Braun Melsungen AG, Fresenius Kabi AG, and JW Life Science accounted for major market shares in the year 2023
The Non-PVC IV Bags Market is estimated to witness a CAGR of 10.5 % from 2023 to 2031
North America region accounted for the accounted for the highest market share
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Non-PVC IV Bags Market - By Type
1.3.2 Non-PVC IV Bags Market - By Material
1.3.3 Non-PVC IV Bags Market - By Content Type
1.3.4 Non-PVC IV Bags Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NON-PVC IV BAGS 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. NON-PVC IV BAGS 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. NON-PVC IV BAGS MARKET - GLOBAL MARKET ANALYSIS
6.1. NON-PVC IV BAGS - GLOBAL MARKET OVERVIEW
6.2. NON-PVC IV BAGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NON-PVC IV BAGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE CHAMBER
7.3.1. Overview
7.3.2. Single Chamber Market Forecast and Analysis
7.4. MULTI CHAMBER
7.4.1. Overview
7.4.2. Multi Chamber Market Forecast and Analysis
8. NON-PVC IV BAGS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. ETHYLENE VINYL ACETATE
8.3.1. Overview
8.3.2. Ethylene Vinyl Acetate Market Forecast and Analysis
8.4. POLYPROPYLENE
8.4.1. Overview
8.4.2. Polypropylene Market Forecast and Analysis
8.5. COPOLYESTER ETHER
8.5.1. Overview
8.5.2. Copolyester ether Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. NON-PVC IV BAGS MARKET - REVENUE AND FORECASTS TO 2028 - CONTENT TYPE
9.1. OVERVIEW
9.2. CONTENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. FROZEN MIXTURE
9.3.1. Overview
9.3.2. Frozen Mixture Market Forecast and Analysis
9.4. LIQUID MIXTURE
9.4.1. Overview
9.4.2. Liquid Mixture Market Forecast and Analysis
10. NON-PVC IV BAGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Non-PVC IV Bags Market Overview
10.1.2 North America Non-PVC IV Bags Market Forecasts and Analysis
10.1.3 North America Non-PVC IV Bags Market Forecasts and Analysis - By Type
10.1.4 North America Non-PVC IV Bags Market Forecasts and Analysis - By Material
10.1.5 North America Non-PVC IV Bags Market Forecasts and Analysis - By Content Type
10.1.6 North America Non-PVC IV Bags Market Forecasts and Analysis - By Countries
10.1.6.1 United States Non-PVC IV Bags Market
10.1.6.1.1 United States Non-PVC IV Bags Market by Type
10.1.6.1.2 United States Non-PVC IV Bags Market by Material
10.1.6.1.3 United States Non-PVC IV Bags Market by Content Type
10.1.6.2 Canada Non-PVC IV Bags Market
10.1.6.2.1 Canada Non-PVC IV Bags Market by Type
10.1.6.2.2 Canada Non-PVC IV Bags Market by Material
10.1.6.2.3 Canada Non-PVC IV Bags Market by Content Type
10.1.6.3 Mexico Non-PVC IV Bags Market
10.1.6.3.1 Mexico Non-PVC IV Bags Market by Type
10.1.6.3.2 Mexico Non-PVC IV Bags Market by Material
10.1.6.3.3 Mexico Non-PVC IV Bags Market by Content Type
10.2. EUROPE
10.2.1 Europe Non-PVC IV Bags Market Overview
10.2.2 Europe Non-PVC IV Bags Market Forecasts and Analysis
10.2.3 Europe Non-PVC IV Bags Market Forecasts and Analysis - By Type
10.2.4 Europe Non-PVC IV Bags Market Forecasts and Analysis - By Material
10.2.5 Europe Non-PVC IV Bags Market Forecasts and Analysis - By Content Type
10.2.6 Europe Non-PVC IV Bags Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Non-PVC IV Bags Market
10.2.6.1.1 Germany Non-PVC IV Bags Market by Type
10.2.6.1.2 Germany Non-PVC IV Bags Market by Material
10.2.6.1.3 Germany Non-PVC IV Bags Market by Content Type
10.2.6.2 France Non-PVC IV Bags Market
10.2.6.2.1 France Non-PVC IV Bags Market by Type
10.2.6.2.2 France Non-PVC IV Bags Market by Material
10.2.6.2.3 France Non-PVC IV Bags Market by Content Type
10.2.6.3 Italy Non-PVC IV Bags Market
10.2.6.3.1 Italy Non-PVC IV Bags Market by Type
10.2.6.3.2 Italy Non-PVC IV Bags Market by Material
10.2.6.3.3 Italy Non-PVC IV Bags Market by Content Type
10.2.6.4 Spain Non-PVC IV Bags Market
10.2.6.4.1 Spain Non-PVC IV Bags Market by Type
10.2.6.4.2 Spain Non-PVC IV Bags Market by Material
10.2.6.4.3 Spain Non-PVC IV Bags Market by Content Type
10.2.6.5 United Kingdom Non-PVC IV Bags Market
10.2.6.5.1 United Kingdom Non-PVC IV Bags Market by Type
10.2.6.5.2 United Kingdom Non-PVC IV Bags Market by Material
10.2.6.5.3 United Kingdom Non-PVC IV Bags Market by Content Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Non-PVC IV Bags Market Overview
10.3.2 Asia-Pacific Non-PVC IV Bags Market Forecasts and Analysis
10.3.3 Asia-Pacific Non-PVC IV Bags Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Non-PVC IV Bags Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Non-PVC IV Bags Market Forecasts and Analysis - By Content Type
10.3.6 Asia-Pacific Non-PVC IV Bags Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Non-PVC IV Bags Market
10.3.6.1.1 Australia Non-PVC IV Bags Market by Type
10.3.6.1.2 Australia Non-PVC IV Bags Market by Material
10.3.6.1.3 Australia Non-PVC IV Bags Market by Content Type
10.3.6.2 China Non-PVC IV Bags Market
10.3.6.2.1 China Non-PVC IV Bags Market by Type
10.3.6.2.2 China Non-PVC IV Bags Market by Material
10.3.6.2.3 China Non-PVC IV Bags Market by Content Type
10.3.6.3 India Non-PVC IV Bags Market
10.3.6.3.1 India Non-PVC IV Bags Market by Type
10.3.6.3.2 India Non-PVC IV Bags Market by Material
10.3.6.3.3 India Non-PVC IV Bags Market by Content Type
10.3.6.4 Japan Non-PVC IV Bags Market
10.3.6.4.1 Japan Non-PVC IV Bags Market by Type
10.3.6.4.2 Japan Non-PVC IV Bags Market by Material
10.3.6.4.3 Japan Non-PVC IV Bags Market by Content Type
10.3.6.5 South Korea Non-PVC IV Bags Market
10.3.6.5.1 South Korea Non-PVC IV Bags Market by Type
10.3.6.5.2 South Korea Non-PVC IV Bags Market by Material
10.3.6.5.3 South Korea Non-PVC IV Bags Market by Content Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Non-PVC IV Bags Market Overview
10.4.2 Middle East and Africa Non-PVC IV Bags Market Forecasts and Analysis
10.4.3 Middle East and Africa Non-PVC IV Bags Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Non-PVC IV Bags Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Non-PVC IV Bags Market Forecasts and Analysis - By Content Type
10.4.6 Middle East and Africa Non-PVC IV Bags Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Non-PVC IV Bags Market
10.4.6.1.1 South Africa Non-PVC IV Bags Market by Type
10.4.6.1.2 South Africa Non-PVC IV Bags Market by Material
10.4.6.1.3 South Africa Non-PVC IV Bags Market by Content Type
10.4.6.2 Saudi Arabia Non-PVC IV Bags Market
10.4.6.2.1 Saudi Arabia Non-PVC IV Bags Market by Type
10.4.6.2.2 Saudi Arabia Non-PVC IV Bags Market by Material
10.4.6.2.3 Saudi Arabia Non-PVC IV Bags Market by Content Type
10.4.6.3 U.A.E Non-PVC IV Bags Market
10.4.6.3.1 U.A.E Non-PVC IV Bags Market by Type
10.4.6.3.2 U.A.E Non-PVC IV Bags Market by Material
10.4.6.3.3 U.A.E Non-PVC IV Bags Market by Content Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Non-PVC IV Bags Market Overview
10.5.2 South and Central America Non-PVC IV Bags Market Forecasts and Analysis
10.5.3 South and Central America Non-PVC IV Bags Market Forecasts and Analysis - By Type
10.5.4 South and Central America Non-PVC IV Bags Market Forecasts and Analysis - By Material
10.5.5 South and Central America Non-PVC IV Bags Market Forecasts and Analysis - By Content Type
10.5.6 South and Central America Non-PVC IV Bags Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Non-PVC IV Bags Market
10.5.6.1.1 Brazil Non-PVC IV Bags Market by Type
10.5.6.1.2 Brazil Non-PVC IV Bags Market by Material
10.5.6.1.3 Brazil Non-PVC IV Bags Market by Content Type
10.5.6.2 Argentina Non-PVC IV Bags Market
10.5.6.2.1 Argentina Non-PVC IV Bags Market by Type
10.5.6.2.2 Argentina Non-PVC IV Bags Market by Material
10.5.6.2.3 Argentina Non-PVC IV Bags Market by Content Type
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL NON-PVC IV BAGS 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. NON-PVC IV BAGS MARKET, KEY COMPANY PROFILES
13.1. ANGIPLAST PVT. LTD.
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. B. BRAUN MELSUNGEN AG
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. BAXTER
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. FRESENIUS KABI AG
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. JW LIFE SCIENCE
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. PFIZER, INC. (HOSPIRA)
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. POLYCINE GMBH
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. RENOLIT
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. SHANGHAI SOLVE CARE CO LTD.
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. SHANGHAI XIN GEN ECO-TECHNOLOGIES CO., LTD.
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. ANGIPLAST PVT. LTD.
2. B. Braun Melsungen AG
3. Baxter
4. Fresenius Kabi AG
5. JW Life Science
6. Pfizer, Inc. (Hospira)
7. PolyCine GmbH
8. RENOLIT
9. Shanghai Solve Care Co Ltd.
10. Shanghai Xin Gen Eco-Technologies Co., Ltd.
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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