Precision Medical Coating Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Precision Medical Coating Market covers analysis By Product Type (hydrophilic coatings, antimicrobial coatings, antithrombotic coatings, drug delivery coatings, and others); Application (cardiovascular, orthopedic implants, surgical instruments, urology and gastroenterology, and others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00026317
  • Category : Life Sciences
  • No. of Pages : 150
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Precision Medical Coating Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
The precision medical coating has wide application in the pharmaceutical industry involving taste masking and drug release control. This is due to the pharmaceutical sector possessing technology that can coat particles for improving appearance, mask unpleasant taste, or provide sustained release drugs for years. Traditionally, precision medical coating suffers from many problems such as agglomeration, attrition, uneven product quality, and long processing times. But with the influx of advanced precision medical coating instruments, this can be avoided. For example, the utility of precision medical coater offers higher yields through reduced agglomeration and attrition, improves productivity by coating and drying products faster, significantly improves product quality, ensuring a coating of uniform thickness for optimum clinical efficacy.
MARKET SCOPE
The "Global Precision Medical Coating Market Analysis to 2031" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the precision medical coating market, as well as detailed market segmentation based on product type, target area, and end-user. Additionally, the report offers key statistics on the market status of the leading precision medical coating market players, as well as key market trends and opportunities.
MARKET SEGMENTATION
Based on product type, the market is segmented as hydrophilic coatings, antimicrobial coatings, antithrombotic coatings, drug delivery coatings, and others.
By application, the market is segmented as cardiovascular, orthopedic implants, surgical instruments, urology and gastroenterology, and others.
MARKET DYNAMICS
Drivers-
Technological advancements such as the utility of precision coater are the most impactful factor responsible for the growth of the overall market.
The precision medical coating has wide application in the pharmaceutical industry, making it one of the most lucrative businesses.
Restraints-
High upfront costs and rising cases of raw material prices are the most impacting factors for the sluggish growth of the overall market.
Stringent and time-consuming regulatory approvals adversely impact the growth of the overall market.
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's Precision Medical Coating market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the Precision Medical Coating market in these regions.
Impact of COVID-19 on Precision Medical Coating Market
The onset of COVID-19 in 2021 has spread worldwide coupled with rising cases exponentially. According to the Public Library of Science (PLOS) report, the overall SARS-CoV-2 positivity rate was 16.8%, and this had a significantly higher positivity rate, accounting for 21.6% when compared with the asymptomatic rate of almost 17.0% COVID-19 had a negative influence on the precision medical coatings to grow. This is due to COVID-19 involving fever-associated problems as the main symptom. This has ultimately resulted in sluggish demand for a precision medical coating in the overall market growth and the rising raw materials prices.
KEY
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MARKET PLAYERS
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's Precision Medical Coating market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the Precision Medical Coating market in these regions.
Impact of COVID-19 on Precision Medical Coating Market
The onset of COVID-19 in 2021 has spread worldwide coupled with rising cases exponentially. According to the Public Library of Science (PLOS) report, the overall SARS-CoV-2 positivity rate was 16.8%, and this had a significantly higher positivity rate, accounting for 21.6% when compared with the asymptomatic rate of almost 17.0% COVID-19 had a negative influence on the precision medical coatings to grow. This is due to COVID-19 involving fever-associated problems as the main symptom. This has ultimately resulted in sluggish demand for a precision medical coating in the overall market growth and the rising raw materials prices.
KEY MARKET PLAYERS
The report covers key developments in the precision medical coating market with focus on two main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that includes new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally includes strategic acquisitions, and partnership & collaborations between the companies. These activities have paved way for the expansion of business and customer base of market players. The market payers from precision medical coating market are anticipated to lucrative growth opportunities in the future with the rising demand for precision medical coating in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the precision medical coating market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- DSM
- Surmodics, Inc.
- Specialty Coating Systems Inc.
- Biocoat Incorporated
- Precision Coating Company, Inc
- Hydromer
- Harland Medical Systems, Inc.
- AST Products
- Messe Düsseldorf GmbH
- SurTec
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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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 Precision Medical Coating Market - By Product Type
1.3.2 Precision Medical Coating Market - By Application
1.3.3 Precision Medical Coating Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PRECISION MEDICAL COATING 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. PRECISION MEDICAL COATING 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. PRECISION MEDICAL COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. PRECISION MEDICAL COATING - GLOBAL MARKET OVERVIEW
6.2. PRECISION MEDICAL COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PRECISION MEDICAL COATING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROPHILIC COATINGS
7.3.1. Overview
7.3.2. Hydrophilic Coatings Market Forecast and Analysis
7.4. ANTIMICROBIAL COATINGS
7.4.1. Overview
7.4.2. Antimicrobial Coatings Market Forecast and Analysis
7.5. ANTITHROMBOTIC COATINGS
7.5.1. Overview
7.5.2. Antithrombotic Coatings Market Forecast and Analysis
7.6. DRUG DELIVERY COATINGS
7.6.1. Overview
7.6.2. Drug Delivery Coatings Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PRECISION MEDICAL COATING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CARDIOVASCULAR
8.3.1. Overview
8.3.2. Cardiovascular Market Forecast and Analysis
8.4. ORTHOPEDIC IMPLANTS
8.4.1. Overview
8.4.2. Orthopedic Implants Market Forecast and Analysis
8.5. SURGICAL INSTRUMENTS
8.5.1. Overview
8.5.2. Surgical Instruments Market Forecast and Analysis
8.6. UROLOGY
8.6.1. Overview
8.6.2. Urology Market Forecast and Analysis
8.7. GASTROENTEROLOGY
8.7.1. Overview
8.7.2. Gastroenterology Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PRECISION MEDICAL COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Precision Medical Coating Market Overview
9.1.2 North America Precision Medical Coating Market Forecasts and Analysis
9.1.3 North America Precision Medical Coating Market Forecasts and Analysis - By Product Type
9.1.4 North America Precision Medical Coating Market Forecasts and Analysis - By Application
9.1.5 North America Precision Medical Coating Market Forecasts and Analysis - By Countries
9.1.5.1 United States Precision Medical Coating Market
9.1.5.1.1 United States Precision Medical Coating Market by Product Type
9.1.5.1.2 United States Precision Medical Coating Market by Application
9.1.5.2 Canada Precision Medical Coating Market
9.1.5.2.1 Canada Precision Medical Coating Market by Product Type
9.1.5.2.2 Canada Precision Medical Coating Market by Application
9.1.5.3 Mexico Precision Medical Coating Market
9.1.5.3.1 Mexico Precision Medical Coating Market by Product Type
9.1.5.3.2 Mexico Precision Medical Coating Market by Application
9.2. EUROPE
9.2.1 Europe Precision Medical Coating Market Overview
9.2.2 Europe Precision Medical Coating Market Forecasts and Analysis
9.2.3 Europe Precision Medical Coating Market Forecasts and Analysis - By Product Type
9.2.4 Europe Precision Medical Coating Market Forecasts and Analysis - By Application
9.2.5 Europe Precision Medical Coating Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Precision Medical Coating Market
9.2.5.1.1 Germany Precision Medical Coating Market by Product Type
9.2.5.1.2 Germany Precision Medical Coating Market by Application
9.2.5.2 France Precision Medical Coating Market
9.2.5.2.1 France Precision Medical Coating Market by Product Type
9.2.5.2.2 France Precision Medical Coating Market by Application
9.2.5.3 Italy Precision Medical Coating Market
9.2.5.3.1 Italy Precision Medical Coating Market by Product Type
9.2.5.3.2 Italy Precision Medical Coating Market by Application
9.2.5.4 Spain Precision Medical Coating Market
9.2.5.4.1 Spain Precision Medical Coating Market by Product Type
9.2.5.4.2 Spain Precision Medical Coating Market by Application
9.2.5.5 United Kingdom Precision Medical Coating Market
9.2.5.5.1 United Kingdom Precision Medical Coating Market by Product Type
9.2.5.5.2 United Kingdom Precision Medical Coating Market by Application
9.2.5.6 Rest of Europe Precision Medical Coating Market
9.2.5.6.1 Rest of Europe Precision Medical Coating Market by Product Type
9.2.5.6.2 Rest of Europe Precision Medical Coating Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Precision Medical Coating Market Overview
9.3.2 Asia-Pacific Precision Medical Coating Market Forecasts and Analysis
9.3.3 Asia-Pacific Precision Medical Coating Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Precision Medical Coating Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Precision Medical Coating Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Precision Medical Coating Market
9.3.5.1.1 Australia Precision Medical Coating Market by Product Type
9.3.5.1.2 Australia Precision Medical Coating Market by Application
9.3.5.2 China Precision Medical Coating Market
9.3.5.2.1 China Precision Medical Coating Market by Product Type
9.3.5.2.2 China Precision Medical Coating Market by Application
9.3.5.3 India Precision Medical Coating Market
9.3.5.3.1 India Precision Medical Coating Market by Product Type
9.3.5.3.2 India Precision Medical Coating Market by Application
9.3.5.4 Japan Precision Medical Coating Market
9.3.5.4.1 Japan Precision Medical Coating Market by Product Type
9.3.5.4.2 Japan Precision Medical Coating Market by Application
9.3.5.5 South Korea Precision Medical Coating Market
9.3.5.5.1 South Korea Precision Medical Coating Market by Product Type
9.3.5.5.2 South Korea Precision Medical Coating Market by Application
9.3.5.6 Rest of Asia-Pacific Precision Medical Coating Market
9.3.5.6.1 Rest of Asia-Pacific Precision Medical Coating Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Precision Medical Coating Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Precision Medical Coating Market Overview
9.4.2 Middle East and Africa Precision Medical Coating Market Forecasts and Analysis
9.4.3 Middle East and Africa Precision Medical Coating Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Precision Medical Coating Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Precision Medical Coating Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Precision Medical Coating Market
9.4.5.1.1 South Africa Precision Medical Coating Market by Product Type
9.4.5.1.2 South Africa Precision Medical Coating Market by Application
9.4.5.2 Saudi Arabia Precision Medical Coating Market
9.4.5.2.1 Saudi Arabia Precision Medical Coating Market by Product Type
9.4.5.2.2 Saudi Arabia Precision Medical Coating Market by Application
9.4.5.3 U.A.E Precision Medical Coating Market
9.4.5.3.1 U.A.E Precision Medical Coating Market by Product Type
9.4.5.3.2 U.A.E Precision Medical Coating Market by Application
9.4.5.4 Rest of Middle East and Africa Precision Medical Coating Market
9.4.5.4.1 Rest of Middle East and Africa Precision Medical Coating Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Precision Medical Coating Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Precision Medical Coating Market Overview
9.5.2 South and Central America Precision Medical Coating Market Forecasts and Analysis
9.5.3 South and Central America Precision Medical Coating Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Precision Medical Coating Market Forecasts and Analysis - By Application
9.5.5 South and Central America Precision Medical Coating Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Precision Medical Coating Market
9.5.5.1.1 Brazil Precision Medical Coating Market by Product Type
9.5.5.1.2 Brazil Precision Medical Coating Market by Application
9.5.5.2 Argentina Precision Medical Coating Market
9.5.5.2.1 Argentina Precision Medical Coating Market by Product Type
9.5.5.2.2 Argentina Precision Medical Coating Market by Application
9.5.5.3 Rest of South and Central America Precision Medical Coating Market
9.5.5.3.1 Rest of South and Central America Precision Medical Coating Market by Product Type
9.5.5.3.2 Rest of South and Central America Precision Medical Coating Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PRECISION MEDICAL COATING MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. PRECISION MEDICAL COATING MARKET, KEY COMPANY PROFILES
12.1. DSM
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. SURMODICS, 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. SPECIALTY COATING SYSTEMS INC.
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. BIOCOAT INCORPORATED
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. PRECISION COATING COMPANY, INC
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. HYDROMER
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. HARLAND MEDICAL SYSTEMS, 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. AST PRODUCTS
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. MESSE DüSSELDORF GMBH
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. SURTEC
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. DSM
2. Surmodics, Inc.
3. Specialty Coating Systems Inc.
4. Biocoat Incorporated
5. Precision Coating Company, Inc
6. Hydromer
7. Harland Medical Systems, Inc.
8. AST Products
9. Messe Düsseldorf GmbH
10. SurTec

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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