Orthopedic Implants Market Opportunities 2031
The orthopedic implants market is expected to grow from US$ 46,101.2 million in 2021 to US$ 67,235.1 million by 2031; it is expected to grow at a CAGR of 5.6% from 2022 to 2031.
Orthopedic implants are surgically placed inside the body to replace or support a missing or damaged bone or joint. They are manufactured using stainless steel, titanium alloys, ceramics, and polymers. They are used to stabilize body posture, treat deformities, and restore normal skeletal function. These implants have an array of applications in orthopedic injuries, fractures, etc. They can be permanently placed inside the human body or withdrawn after the desired result.
MARKET DYNAMICS
The orthopedic implants market is characterized by the presence of various small and large companies. The market players are adopting various strategies such as new product launches, regional market expansion, and technological advancements to increase market share of orthopedic implants. Rising demand for orthopedic implants due to the increased prevalence of orthopedic conditions and surgical site infections related to orthopedic implants has encouraged market players to launch new products in the market, aiding the overall market growth. However, high cost of orthopedic implants is expected to hamper the overall market growth. Antimicrobial nanoparticles are becoming promising candidates for implant coatings through the development of biomaterials and nanotechnology. Market players are investing in R&D to develop advanced technologies and gain more revenue share by acquiring regulatory approvals and marketing access.
MARKET SCOPE
The “Global Orthopedic Implants Market Analysis to 2031” report aims to provide an overview of the orthopedic implants market with detailed market segmentation based on product, application, and end user. The report provides key market statistics based on the performances of the leading players. It also offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global orthopedic implants market is segmented intoproduct, application, and end user. Based on product, the market is segmented into plates & screws, nails & rods, pins & wires, and others. Based on application, the market is categorized into reconstructive joint replacements, spine implants, dental implants, trauma implants, orthobiologics, and others. Based on end user the market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, and others.
The global orthopedic implants market into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries across the world along with market trends and opportunities prevailing in the regions.
From the regional perspective, North America dominates the orthopedic implants market. The market growth in the region is majorly attributed to a large number of advanced surgical treatment clinics and an increasing number of orthopedic surgical procedures in the US. According to the American Academy of Orthopaedic Surgeons (AAOS), in the US, full-time practicing orthopedic surgeons perform an average of 32 orthopedic procedures each month. Further, technological advancements in orthopedic implant procedures and growing healthcare expenditure levels are fueling the growth of the North America orthopedic implants market.
The below figure showcase the revenue growth in the orthopedic implants market:
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak led to a decrease in demand for orthopedic implants globally. Orthopedic surgeons have a unique perspective of working with patients, and their teams continue to face various challenges during the crisis. The surgeries related to the orthopedic implants were delayed or performed only in urgent cases such as accidents or sports injuries. Moreover, the healthcare system have now started the operations. Patient care has been improving compared to the initial months of the pandemic. Thus, the impacts of the COVID-19 pandemic hampered the growth of the orthopedic implants market.
Mrinal Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The global orthopedic implants market into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries across the world along with market trends and opportunities prevailing in the regions.
From the regional perspective, North America dominates the orthopedic implants market. The market growth in the region is majorly attributed to a large number of advanced surgical treatment clinics and an increasing number of orthopedic surgical procedures in the US. According to the American Academy of Orthopaedic Surgeons (AAOS), in the US, full-time practicing orthopedic surgeons perform an average of 32 orthopedic procedures each month. Further, technological advancements in orthopedic implant procedures and growing healthcare expenditure levels are fueling the growth of the North America orthopedic implants market.
The below figure showcase the revenue growth in the orthopedic implants market:
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak led to a decrease in demand for orthopedic implants globally. Orthopedic surgeons have a unique perspective of working with patients, and their teams continue to face various challenges during the crisis. The surgeries related to the orthopedic implants were delayed or performed only in urgent cases such as accidents or sports injuries. Moreover, the healthcare system have now started the operations. Patient care has been improving compared to the initial months of the pandemic. Thus, the impacts of the COVID-19 pandemic hampered the growth of the orthopedic implants market.
The report also includes the profiles of key orthopedic implant companies, 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 for the last three years, and key development in the past five years. The list of a few companies engaged in the orthopedic implants market is mentioned below:
- DJO Finance LLC
- Johnson & Johnson (DePuy Synthes)
- Medtronic Plc
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- NuVasive, Inc.
- CONMED Corporation
- Smith and Nephew Plc
- Arthrex, Inc.
- Globus Medical, Inc
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
Product, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Orthopedic Implants Market - By Product
1.3.2 Orthopedic Implants Market - By Application
1.3.3 Orthopedic Implants Market - By End-user
1.3.4 Orthopedic Implants Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ORTHOPEDIC IMPLANTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ORTHOPEDIC IMPLANTS 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. ORTHOPEDIC IMPLANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. ORTHOPEDIC IMPLANTS - GLOBAL MARKET OVERVIEW
6.2. ORTHOPEDIC IMPLANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ORTHOPEDIC IMPLANTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PLATES AND SCREWS
7.3.1. Overview
7.3.2. Plates and Screws Market Forecast and Analysis
7.4. NAILS AND RODS
7.4.1. Overview
7.4.2. Nails and Rods Market Forecast and Analysis
7.5. PINS AND WIRES
7.5.1. Overview
7.5.2. Pins and Wires Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ORTHOPEDIC IMPLANTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RECONSTRUCTIVE JOINT REPLACEMENTS
8.3.1. Overview
8.3.2. Reconstructive Joint Replacements Market Forecast and Analysis
8.3.3. Knee Replacement Implants Market
8.3.3.1. Overview
8.3.3.2. Knee Replacement Implants Market Forecast and Analysis
8.3.4. Hip Replacement Implants Market
8.3.4.1. Overview
8.3.4.2. Hip Replacement Implants Market Forecast and Analysis
8.3.5. Extremities Market
8.3.5.1. Overview
8.3.5.2. Extremities Market Forecast and Analysis
8.4. SPINE IMPLANTS
8.4.1. Overview
8.4.2. Spine Implants Market Forecast and Analysis
8.4.3. Spinal Fusion Devices Market
8.4.3.1. Overview
8.4.3.2. Spinal Fusion Devices Market Forecast and Analysis
8.4.4. Vertebral Compression Fracture (VCF) Devices Market
8.4.4.1. Overview
8.4.4.2. Vertebral Compression Fracture (VCF) Devices Market Forecast and Analysis
8.4.5. Motion Preservation Devices/Non-Fusion Devices Market
8.4.5.1. Overview
8.4.5.2. Motion Preservation Devices/Non-Fusion Devices Market Forecast and Analysis
8.4.6. Invasive Spinal Bone Stimulators Market
8.4.6.1. Overview
8.4.6.2. Invasive Spinal Bone Stimulators Market Forecast and Analysis
8.5. DENTAL IMPLANTS
8.5.1. Overview
8.5.2. Dental Implants Market Forecast and Analysis
8.5.3. Root Form Dental Implants Market
8.5.3.1. Overview
8.5.3.2. Root Form Dental Implants Market Forecast and Analysis
8.5.4. Plate Form Dental Implants Market
8.5.4.1. Overview
8.5.4.2. Plate Form Dental Implants Market Forecast and Analysis
8.6. TRAUMA IMPLANTS
8.6.1. Overview
8.6.2. Trauma Implants Market Forecast and Analysis
8.7. ORTHOBIOLOGICS
8.7.1. Overview
8.7.2. Orthobiologics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ORTHOPEDIC IMPLANTS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. ORTHOPAEDIC CLINICS
9.4.1. Overview
9.4.2. Orthopaedic Clinics Market Forecast and Analysis
9.5. AMBULATORY SURGICAL CENTRES
9.5.1. Overview
9.5.2. Ambulatory Surgical Centres Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ORTHOPEDIC IMPLANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Orthopedic Implants Market Overview
10.1.2 North America Orthopedic Implants Market Forecasts and Analysis
10.1.3 North America Orthopedic Implants Market Forecasts and Analysis - By Product
10.1.4 North America Orthopedic Implants Market Forecasts and Analysis - By Application
10.1.5 North America Orthopedic Implants Market Forecasts and Analysis - By End-user
10.1.6 North America Orthopedic Implants Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Orthopedic Implants Market
10.1.6.1.1 Canada Orthopedic Implants Market by Product
10.1.6.1.2 Canada Orthopedic Implants Market by Application
10.1.6.1.3 Canada Orthopedic Implants Market by End-user
10.1.6.2 Mexico Orthopedic Implants Market
10.1.6.2.1 Mexico Orthopedic Implants Market by Product
10.1.6.2.2 Mexico Orthopedic Implants Market by Application
10.1.6.2.3 Mexico Orthopedic Implants Market by End-user
10.1.6.3 US Orthopedic Implants Market
10.1.6.3.1 US Orthopedic Implants Market by Product
10.1.6.3.2 US Orthopedic Implants Market by Application
10.1.6.3.3 US Orthopedic Implants Market by End-user
10.2. EUROPE
10.2.1 Europe Orthopedic Implants Market Overview
10.2.2 Europe Orthopedic Implants Market Forecasts and Analysis
10.2.3 Europe Orthopedic Implants Market Forecasts and Analysis - By Product
10.2.4 Europe Orthopedic Implants Market Forecasts and Analysis - By Application
10.2.5 Europe Orthopedic Implants Market Forecasts and Analysis - By End-user
10.2.6 Europe Orthopedic Implants Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Orthopedic Implants Market
10.2.6.1.1 Germany Orthopedic Implants Market by Product
10.2.6.1.2 Germany Orthopedic Implants Market by Application
10.2.6.1.3 Germany Orthopedic Implants Market by End-user
10.2.6.2 France Orthopedic Implants Market
10.2.6.2.1 France Orthopedic Implants Market by Product
10.2.6.2.2 France Orthopedic Implants Market by Application
10.2.6.2.3 France Orthopedic Implants Market by End-user
10.2.6.3 Italy Orthopedic Implants Market
10.2.6.3.1 Italy Orthopedic Implants Market by Product
10.2.6.3.2 Italy Orthopedic Implants Market by Application
10.2.6.3.3 Italy Orthopedic Implants Market by End-user
10.2.6.4 Spain Orthopedic Implants Market
10.2.6.4.1 Spain Orthopedic Implants Market by Product
10.2.6.4.2 Spain Orthopedic Implants Market by Application
10.2.6.4.3 Spain Orthopedic Implants Market by End-user
10.2.6.5 United Kingdom Orthopedic Implants Market
10.2.6.5.1 United Kingdom Orthopedic Implants Market by Product
10.2.6.5.2 United Kingdom Orthopedic Implants Market by Application
10.2.6.5.3 United Kingdom Orthopedic Implants Market by End-user
10.2.6.6 Rest of Europe Orthopedic Implants Market
10.2.6.6.1 Rest of Europe Orthopedic Implants Market by Product
10.2.6.6.2 Rest of Europe Orthopedic Implants Market by Application
10.2.6.6.3 Rest of Europe Orthopedic Implants Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Orthopedic Implants Market Overview
10.3.2 Asia-Pacific Orthopedic Implants Market Forecasts and Analysis
10.3.3 Asia-Pacific Orthopedic Implants Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Orthopedic Implants Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Orthopedic Implants Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Orthopedic Implants Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Orthopedic Implants Market
10.3.6.1.1 Australia Orthopedic Implants Market by Product
10.3.6.1.2 Australia Orthopedic Implants Market by Application
10.3.6.1.3 Australia Orthopedic Implants Market by End-user
10.3.6.2 China Orthopedic Implants Market
10.3.6.2.1 China Orthopedic Implants Market by Product
10.3.6.2.2 China Orthopedic Implants Market by Application
10.3.6.2.3 China Orthopedic Implants Market by End-user
10.3.6.3 India Orthopedic Implants Market
10.3.6.3.1 India Orthopedic Implants Market by Product
10.3.6.3.2 India Orthopedic Implants Market by Application
10.3.6.3.3 India Orthopedic Implants Market by End-user
10.3.6.4 Japan Orthopedic Implants Market
10.3.6.4.1 Japan Orthopedic Implants Market by Product
10.3.6.4.2 Japan Orthopedic Implants Market by Application
10.3.6.4.3 Japan Orthopedic Implants Market by End-user
10.3.6.5 South Korea Orthopedic Implants Market
10.3.6.5.1 South Korea Orthopedic Implants Market by Product
10.3.6.5.2 South Korea Orthopedic Implants Market by Application
10.3.6.5.3 South Korea Orthopedic Implants Market by End-user
10.3.6.6 Rest of Asia-Pacific Orthopedic Implants Market
10.3.6.6.1 Rest of Asia-Pacific Orthopedic Implants Market by Product
10.3.6.6.2 Rest of Asia-Pacific Orthopedic Implants Market by Application
10.3.6.6.3 Rest of Asia-Pacific Orthopedic Implants Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Orthopedic Implants Market Overview
10.4.2 Middle East and Africa Orthopedic Implants Market Forecasts and Analysis
10.4.3 Middle East and Africa Orthopedic Implants Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Orthopedic Implants Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Orthopedic Implants Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Orthopedic Implants Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Orthopedic Implants Market
10.4.6.1.1 South Africa Orthopedic Implants Market by Product
10.4.6.1.2 South Africa Orthopedic Implants Market by Application
10.4.6.1.3 South Africa Orthopedic Implants Market by End-user
10.4.6.2 Saudi Arabia Orthopedic Implants Market
10.4.6.2.1 Saudi Arabia Orthopedic Implants Market by Product
10.4.6.2.2 Saudi Arabia Orthopedic Implants Market by Application
10.4.6.2.3 Saudi Arabia Orthopedic Implants Market by End-user
10.4.6.3 U.A.E Orthopedic Implants Market
10.4.6.3.1 U.A.E Orthopedic Implants Market by Product
10.4.6.3.2 U.A.E Orthopedic Implants Market by Application
10.4.6.3.3 U.A.E Orthopedic Implants Market by End-user
10.4.6.4 Rest of Middle East and Africa Orthopedic Implants Market
10.4.6.4.1 Rest of Middle East and Africa Orthopedic Implants Market by Product
10.4.6.4.2 Rest of Middle East and Africa Orthopedic Implants Market by Application
10.4.6.4.3 Rest of Middle East and Africa Orthopedic Implants Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Orthopedic Implants Market Overview
10.5.2 South and Central America Orthopedic Implants Market Forecasts and Analysis
10.5.3 South and Central America Orthopedic Implants Market Forecasts and Analysis - By Product
10.5.4 South and Central America Orthopedic Implants Market Forecasts and Analysis - By Application
10.5.5 South and Central America Orthopedic Implants Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Orthopedic Implants Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Orthopedic Implants Market
10.5.6.1.1 Brazil Orthopedic Implants Market by Product
10.5.6.1.2 Brazil Orthopedic Implants Market by Application
10.5.6.1.3 Brazil Orthopedic Implants Market by End-user
10.5.6.2 Argentina Orthopedic Implants Market
10.5.6.2.1 Argentina Orthopedic Implants Market by Product
10.5.6.2.2 Argentina Orthopedic Implants Market by Application
10.5.6.2.3 Argentina Orthopedic Implants Market by End-user
10.5.6.3 Rest of South and Central America Orthopedic Implants Market
10.5.6.3.1 Rest of South and Central America Orthopedic Implants Market by Product
10.5.6.3.2 Rest of South and Central America Orthopedic Implants Market by Application
10.5.6.3.3 Rest of South and Central America Orthopedic Implants Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ORTHOPEDIC IMPLANTS MARKET, KEY COMPANY PROFILES
12.1. SMITH AND NEPHEW PLC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ZIMMER BIOMET HOLDINGS, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. STRYKER CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. JOHNSON AND JOHNSON (DEPUY SYNTHES)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MEDTRONIC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. WRIGHT MEDICAL GROUP N.V.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ARTHREX, INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. CONMED CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. GLOBUS MEDICAL INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. DJO FINANCE LLC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Smith and Nephew Plc.
2. Zimmer Biomet Holdings, Inc.
3. Stryker Corporation
4. Johnson and Johnson (DePuy Synthes)
5. Medtronic
6. Wright Medical Group N.V.
7. Arthrex, Inc.
8. CONMED Corporation
9. Globus Medical Inc.
10. DJO Finance LLC
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