The Rotavirus Vaccines Market is expected to register a CAGR of 6.3% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.
The research report on the Rotavirus Vaccines Market is segmented by product type into RotaTeq (RV5) and Rotarix (RV1). Distribution channels include hospitals, pharmacies, and healthcare centers. The regional analysis covers key markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The market evaluation is presented in US$ for all segmental analyses. This report explores the increasing prevalence of rotavirus infections, vaccination strategies, and government initiatives to combat rotavirus, providing insights into the market’s growth and development.
Purpose of the ReportThe report Rotavirus Vaccines 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.
Rotavirus Vaccines Market Segmentation
Product- RotaTeq
- Rotarix
- Hospitals
- Pharmacies
- Clinics/Health Care Centers
Strategic Insights
Rotavirus Vaccines Market Growth Drivers- High Incidence of Rotavirus-Associated Gastroenteritis in Children:
Rotavirus is one of the leading causes of severe diarrhea and gastroenteritis in children, especially those under the age of 5. According to the World Health Organization (WHO), rotavirus is responsible for an estimated 200,000 deaths annually worldwide, most of which occur in low- and middle-income countries (LMICs) with limited access to healthcare and sanitation. The high incidence of rotavirus infections and the complications associated with them, such as dehydration and malnutrition, continues to drive the demand for vaccines. Since the burden of disease is high in developing regions, the importance of vaccination as a preventative measure has become increasingly recognized by global health organizations, governments, and healthcare providers. This growing awareness and the focus on preventing childhood mortality have made rotavirus vaccines a critical component of immunization programs globally, further driving the market for these vaccines.
- Global Immunization Programs and Government Programmes:
One of the primary drivers for this market is global immunization campaigns. The number of countries where rotavirus vaccines are adopted widely through global immunization programs has increased. Organizations such as GAVI Alliance, formerly known as the Global Alliance for Vaccines and Immunization, have made great efforts in improving vaccine access in poor countries. GAVI has subsidized the cost of vaccines and increased immunization coverage in regions such as Sub-Saharan Africa, Asia, and Latin America. The introduction of the rotavirus vaccine into national immunization programs in countries has been associated with a significant reduction in hospitalizations and deaths due to rotavirus diarrhea. With the continued impetus for universal childhood vaccination and support from international organizations, demand for rotavirus vaccines is likely to increase and drive market growth.
- Development of More Potent Rotavirus Vaccines: Advancements in vaccine development, including the availability of vaccines with improved efficacy and safety profiles, are driving growth in the rotavirus vaccines market. The original rotavirus vaccines, such as Rotarix (GlaxoSmithKline) and RotaTeq (Merck), were highly effective in preventing severe rotavirus infections and were instrumental in reducing disease burden. Nevertheless, research continues with the goal of making these vaccines even better. For example, there is still a need for broadening their protection against various rotavirus strains and increasing their effectiveness in various populations, including malnourished children. For example, vaccines with wider strain coverage and heat-stable vaccines will have a better vaccination rate and accessibility in less resourceful settings of healthcare delivery and thus potentially a greater impact. All these innovations contribute to the growth and diversification of the rotavirus vaccines market.
- Increased Focus on Oral Vaccines: Oral vaccines have gained significant attention in the rotavirus vaccine market due to their ease of administration, especially in resource-limited settings. Unlike injectable vaccines, oral vaccines are simple to administer, do not require trained healthcare workers for injection, and are more cost-effective to distribute in large quantities. Two widely used oral rotavirus vaccines are Rotarix and RotaTeq. Their success has opened avenues for developing new oral vaccine candidates. Future developments in this regard could be in the areas of improving the stability of the vaccine, decreasing the number of doses, or enhancing protection against more strains of the rotavirus. This trend toward oral vaccines is therefore expected to drive the global increase in vaccination coverage, especially for low-income countries where accessibility remains a challenge together with healthcare infrastructures.
- Heat-Stable Rotavirus Vaccines Development: One of the major obstacles in vaccine delivery, particularly to low-resource locations, is that vaccines require refrigeration for transportation and storage. The need for vaccines to be kept at particular temperatures to maintain their potency could restrict their accessibility in areas lacking adequate refrigeration infrastructure. For this reason, scientists are now developing heat-stable rotavirus vaccines that could survive higher temperatures without losing potency. With these vaccines, vaccination rates across refrigeration-limited countries would be significantly enhanced because they would be easier to store and transport, thus removing the logistical barriers that still stand in the way of vaccines. As heat-stable rotavirus vaccines become more widely available, it is presumed that they will become highly fundamental to global vaccination efforts, particularly in developing regions.
- Rotavirus Vaccination for Adults and Expanded Age Groups: Rotaviruses have classically been a vaccine given to infants and small children, for whom they present the greatest danger. But mounting evidence suggests expanding the age for rotavirus vaccines to include older populations, especially adults, would help decrease transmission of rotavirus and reduce associated public health issues. These could benefit most from rotavirus vaccination in adult settings where outbreaks commonly occur, especially among older individuals working in healthcare and daycare settings, where the risk of spread is higher. Expanding coverage to the older age groups would contribute toward herd immunity by preventing the spread of the virus and thereby reducing the burden of disease further. This could be an emerging trend in the market within the coming years, where rotavirus vaccines are developed to be safe and effective for broader age groups.
- Government and Global Health Organization Partnerships: Partnerships between manufacturers of vaccines, governments, and global health agencies like the WHO and UNICEF provide great potential for scaling up access to rotavirus vaccines in lowincome regions. It often involves plans for reducing vaccine prices and augmenting immunization coverage through grants and international programs of aid. The partnership with governments and organizations focused on public health would enable pharmaceutical companies to increase their market share and enhance vaccine accessibility in underserved areas. In addition, the partnerships help in the implementation of vaccination programs in remote areas where infrastructure for cold storage and delivery is often a barrier to vaccine distribution. Continued focus on public health efforts to combat rotavirus through collective international action will create significant opportunities for market growth.
- Increasing Focus on Pediatric Infectious Disease Prevention:
This would mean an increasing focus on pediatric infectious disease prevention, with increasing emphasis following the COVID-19 pandemic-an area that offers immense scope for growth in the rotavirus vaccine market. Many countries are focusing on vaccination as the top weapon to reduce the infectious disease burden in children. This aspect of the global strategy of government and health organization to prevent diseases among children falls under the scope of vaccination policies. The fact that more awareness about childhood vaccination, coupled with advances in technology for vaccines, has increased access to vaccines for many, serves as a huge opportunity for companies that manufacture the rotavirus vaccine. Expansion of programs for rotavirus vaccination, specially in underserved populations, could be a good market opportunity during the next five years. - Integration of Rotavirus Vaccines into Broader Immunization Strategies:
One such opportunity in the rotavirus vaccines market is that of integration with broader childhood immunization strategies. With the widespread adoption of broader immunization schedules that incorporate other vaccines for pneumococcus, measles, polio, among others, vaccines for rotavirus can be adopted into routine vaccinations. This integration enhances the availability of vaccines while allowing for cost saving in logistics and distribution. When rotavirus vaccination is provided alongside other vaccines often administered, this can improve vaccination rates and efficiency in delivery. In addition, the introduction of combination vaccines protecting against rotavirus and other infections may further promote vaccination coverage while making the process easier for providers and parents to manage.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Rotavirus Vaccines 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 Rotavirus Vaccines 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
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.

- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
The Rotavirus Vaccines Market is expected to register a CAGR of 6.2% from 2025-2031.
The major driving factors supporting the Rotavirus Vaccines Market growth are- High Incidence of Rotavirus-Associated Gastroenteritis in Children, Global Immunization Programs and Government Programmes, and Global Immunization Programs and Government Programmes
Key Future Trends in the Rotavirus Vaccines Market are- Increased Focus on Oral Vaccines, Heat-Stable Rotavirus Vaccines Development, and Heat-Stable Rotavirus Vaccines Development
Key companies in Rotavirus Vaccines Market are - GlaxoSmithKline (GSK), Merck, Bharat Biotech International Limited
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Rotavirus Vaccines Market - By Product
1.3.2 Rotavirus Vaccines Market - By Distribution Channel
1.3.3 Rotavirus Vaccines Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ROTAVIRUS VACCINES 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. ROTAVIRUS VACCINES 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. ROTAVIRUS VACCINES MARKET - GLOBAL MARKET ANALYSIS
6.1. ROTAVIRUS VACCINES - GLOBAL MARKET OVERVIEW
6.2. ROTAVIRUS VACCINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ROTAVIRUS VACCINES MARKET - REVENUE AND FORECASTS TO 2028 – PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ROTATEQ (RV5)
7.3.1. Overview
7.3.2. RotaTeq (RV5) Market Forecast and Analysis
7.4. ROTARIX (RV1)
7.4.1. Overview
7.4.2. Rotarix (RV1) Market Forecast and Analysis
8. ROTAVIRUS VACCINES MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. hospitals Market Forecast and Analysis
8.4. PHARMACIES
8.4.1. Overview
8.4.2. pharmacies Market Forecast and Analysis
8.5. CLINICS / HEALTH CARE CENTERS
8.5.1. Overview
8.5.2. clinics / health care centers Market Forecast and Analysis
9. ROTAVIRUS VACCINES MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Rotavirus Vaccines Market Overview
9.1.2 North America Rotavirus Vaccines Market Forecasts and Analysis
9.1.3 North America Rotavirus Vaccines Market Forecasts and Analysis - By Product
9.1.4 North America Rotavirus Vaccines Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Rotavirus Vaccines Market Forecasts and Analysis - By Countries
9.1.5.1 United States Rotavirus Vaccines Market
9.1.5.1.1 United States Rotavirus Vaccines Market by Product
9.1.5.1.2 United States Rotavirus Vaccines Market by Distribution Channel
9.1.5.2 Canada Rotavirus Vaccines Market
9.1.5.2.1 Canada Rotavirus Vaccines Market by Product
9.1.5.2.2 Canada Rotavirus Vaccines Market by Distribution Channel
9.1.5.3 Mexico Rotavirus Vaccines Market
9.1.5.3.1 Mexico Rotavirus Vaccines Market by Product
9.1.5.3.2 Mexico Rotavirus Vaccines Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Rotavirus Vaccines Market Overview
9.2.2 Europe Rotavirus Vaccines Market Forecasts and Analysis
9.2.3 Europe Rotavirus Vaccines Market Forecasts and Analysis - By Product
9.2.4 Europe Rotavirus Vaccines Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Rotavirus Vaccines Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Rotavirus Vaccines Market
9.2.5.1.1 Germany Rotavirus Vaccines Market by Product
9.2.5.1.2 Germany Rotavirus Vaccines Market by Distribution Channel
9.2.5.2 France Rotavirus Vaccines Market
9.2.5.2.1 France Rotavirus Vaccines Market by Product
9.2.5.2.2 France Rotavirus Vaccines Market by Distribution Channel
9.2.5.3 Italy Rotavirus Vaccines Market
9.2.5.3.1 Italy Rotavirus Vaccines Market by Product
9.2.5.3.2 Italy Rotavirus Vaccines Market by Distribution Channel
9.2.5.4 Spain Rotavirus Vaccines Market
9.2.5.4.1 Spain Rotavirus Vaccines Market by Product
9.2.5.4.2 Spain Rotavirus Vaccines Market by Distribution Channel
9.2.5.5 United Kingdom Rotavirus Vaccines Market
9.2.5.5.1 United Kingdom Rotavirus Vaccines Market by Product
9.2.5.5.2 United Kingdom Rotavirus Vaccines Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Rotavirus Vaccines Market Overview
9.3.2 Asia-Pacific Rotavirus Vaccines Market Forecasts and Analysis
9.3.3 Asia-Pacific Rotavirus Vaccines Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Rotavirus Vaccines Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Rotavirus Vaccines Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Rotavirus Vaccines Market
9.3.5.1.1 Australia Rotavirus Vaccines Market by Product
9.3.5.1.2 Australia Rotavirus Vaccines Market by Distribution Channel
9.3.5.2 China Rotavirus Vaccines Market
9.3.5.2.1 China Rotavirus Vaccines Market by Product
9.3.5.2.2 China Rotavirus Vaccines Market by Distribution Channel
9.3.5.3 India Rotavirus Vaccines Market
9.3.5.3.1 India Rotavirus Vaccines Market by Product
9.3.5.3.2 India Rotavirus Vaccines Market by Distribution Channel
9.3.5.4 Japan Rotavirus Vaccines Market
9.3.5.4.1 Japan Rotavirus Vaccines Market by Product
9.3.5.4.2 Japan Rotavirus Vaccines Market by Distribution Channel
9.3.5.5 South Korea Rotavirus Vaccines Market
9.3.5.5.1 South Korea Rotavirus Vaccines Market by Product
9.3.5.5.2 South Korea Rotavirus Vaccines Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Rotavirus Vaccines Market Overview
9.4.2 Middle East and Africa Rotavirus Vaccines Market Forecasts and Analysis
9.4.3 Middle East and Africa Rotavirus Vaccines Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Rotavirus Vaccines Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Rotavirus Vaccines Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Rotavirus Vaccines Market
9.4.5.1.1 South Africa Rotavirus Vaccines Market by Product
9.4.5.1.2 South Africa Rotavirus Vaccines Market by Distribution Channel
9.4.5.2 Saudi Arabia Rotavirus Vaccines Market
9.4.5.2.1 Saudi Arabia Rotavirus Vaccines Market by Product
9.4.5.2.2 Saudi Arabia Rotavirus Vaccines Market by Distribution Channel
9.4.5.3 U.A.E Rotavirus Vaccines Market
9.4.5.3.1 U.A.E Rotavirus Vaccines Market by Product
9.4.5.3.2 U.A.E Rotavirus Vaccines Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Rotavirus Vaccines Market Overview
9.5.2 South and Central America Rotavirus Vaccines Market Forecasts and Analysis
9.5.3 South and Central America Rotavirus Vaccines Market Forecasts and Analysis - By Product
9.5.4 South and Central America Rotavirus Vaccines Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Rotavirus Vaccines Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Rotavirus Vaccines Market
9.5.5.1.1 Brazil Rotavirus Vaccines Market by Product
9.5.5.1.2 Brazil Rotavirus Vaccines Market by Distribution Channel
9.5.5.2 Argentina Rotavirus Vaccines Market
9.5.5.2.1 Argentina Rotavirus Vaccines Market by Product
9.5.5.2.2 Argentina Rotavirus Vaccines Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ROTAVIRUS VACCINES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
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. ROTAVIRUS VACCINES MARKET, KEY COMPANY PROFILES
12.1. GLAXOSMITHKLINE (GSK)
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. MERCK
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. BHARAT BIOTECH INTERNATIONAL LIMITED
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. GlaxoSmithKline (GSK)
2. Merck
3. Bharat Biotech International Limited
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.