Sleeve Gastrectomy Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Sleeve gastrectomy is also called Vertical Sleeve gastrectomy, a weight loss technique that removes some part of the stomach. This technique is performed laparoscopically, which involves inserting a small instrument through several small incisions in the upper abdomen. About 80% of the stomach is removed during a sleeve gastrectomy, leaving the stomach in the size and shape of a banana. Like other metabolic surgeries, sleeve gastrectomy also reduces weight as well as improves blood pressure. With the increase in the prevalence of several diseases related to obesity and awareness about obesity treatment, and advancement in Minimally Invasive (MI) techniques, the Sleeve gastrectomy device market is growing. In addition, the market is projected to expand due to an increase in demand for laparoscopic surgery.
MARKET DYNAMICS
Factors driving the growth of the sleeve gastrectomy device market are high demand for minimally invasive (MI) bariatric surgeries due to a rise in obesity and metabolic disorders such as Type-2 Diabetes and increase in obesity rate. However, lack of reimbursement and complexities related to surgical procedures is likely to hamper the market's growth. Moreover, better clinical effectiveness is further likely to create growth opportunities in the market.
MARKET SCOPE
The "Sleeve Gastrectomy Device Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Sleeve gastrectomy device market with detailed market segmentation by type of device, and end use. The Sleeve gastrectomy device market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in sleeve gastrectomy device market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The sleeve gastrectomy device market is segmented on the basis of type of device, and end use. On the basis of type of device, the market is categorized as assisting, and implantable. Assisting device is again categorized as suturing device, closuring devices, stapling devices, and others. Implantable device is again categorized as gastric bands, gastric balloons. On the basis of end use, the market is categorized as hospitals and specialty clinics, obesity centers, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Sleeve gastrectomy device market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Sleeve gastrectomy device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Sleeve gastrectomy device market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Sleeve gastrectomy device market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Sleeve gastrectomy device market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Sleeve gastrectomy device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Sleeve gastrectomy device market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Sleeve gastrectomy device market in these regions.
MARKET PLAYERS
The report covers key developments in the Sleeve gastrectomy device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Sleeve gastrectomy device market are anticipated to have lucrative growth opportunities in the future with the rising demand for Sleeve gastrectomy device in the global market. Below mentioned is the list of few companies engaged in the Sleeve gastrectomy device market.
The report also includes the profiles of key players in Sleeve gastrectomy device market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
- Intutive Surgical Inc.
- Apollo Endosurgery Inc.
- TransEntrerix Inc.
- Cousin Biotech
- EnteroMedics Inc.
- Medtronics Plc.
- Agency for Medical Innovations
- Aspire Bariatrics Inc.
- Mediflex Surgical Products
- Ethicon 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sleeve Gastrectomy Devices Market - By Device Type
1.3.2 Sleeve Gastrectomy Devices Market - By End Use
1.3.3 Sleeve Gastrectomy Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SLEEVE GASTRECTOMY DEVICES 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. SLEEVE GASTRECTOMY DEVICES 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. SLEEVE GASTRECTOMY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SLEEVE GASTRECTOMY DEVICES - GLOBAL MARKET OVERVIEW
6.2. SLEEVE GASTRECTOMY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SLEEVE GASTRECTOMY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ASSISTING DEVICES
7.3.1. Overview
7.3.2. Assisting Devices Market Forecast and Analysis
7.3.3. Suturing Device Market
7.3.3.1. Overview
7.3.3.2. Suturing Device Market Forecast and Analysis
7.3.4. Closuring Devices Market
7.3.4.1. Overview
7.3.4.2. Closuring Devices Market Forecast and Analysis
7.3.5. Stapling Devices Market
7.3.5.1. Overview
7.3.5.2. Stapling Devices Market Forecast and Analysis
7.3.6. Others Market
7.3.6.1. Overview
7.3.6.2. Others Market Forecast and Analysis
7.4. IMPLANTABLE DEVICE
7.4.1. Overview
7.4.2. Implantable Device Market Forecast and Analysis
7.4.3. Gastric Bands Market
7.4.3.1. Overview
7.4.3.2. Gastric Bands Market Forecast and Analysis
7.4.4. Gastric Balloons Market
7.4.4.1. Overview
7.4.4.2. Gastric Balloons Market Forecast and Analysis
8. SLEEVE GASTRECTOMY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS AND SPECIALTY CLINICS
8.3.1. Overview
8.3.2. Hospitals and Specialty Clinics Market Forecast and Analysis
8.4. OBESITY CENTERS
8.4.1. Overview
8.4.2. Obesity centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SLEEVE GASTRECTOMY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sleeve Gastrectomy Devices Market Overview
9.1.2 North America Sleeve Gastrectomy Devices Market Forecasts and Analysis
9.1.3 North America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Device Type
9.1.4 North America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By End Use
9.1.5 North America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sleeve Gastrectomy Devices Market
9.1.5.1.1 United States Sleeve Gastrectomy Devices Market by Device Type
9.1.5.1.2 United States Sleeve Gastrectomy Devices Market by End Use
9.1.5.2 Canada Sleeve Gastrectomy Devices Market
9.1.5.2.1 Canada Sleeve Gastrectomy Devices Market by Device Type
9.1.5.2.2 Canada Sleeve Gastrectomy Devices Market by End Use
9.1.5.3 Mexico Sleeve Gastrectomy Devices Market
9.1.5.3.1 Mexico Sleeve Gastrectomy Devices Market by Device Type
9.1.5.3.2 Mexico Sleeve Gastrectomy Devices Market by End Use
9.2. EUROPE
9.2.1 Europe Sleeve Gastrectomy Devices Market Overview
9.2.2 Europe Sleeve Gastrectomy Devices Market Forecasts and Analysis
9.2.3 Europe Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Device Type
9.2.4 Europe Sleeve Gastrectomy Devices Market Forecasts and Analysis - By End Use
9.2.5 Europe Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sleeve Gastrectomy Devices Market
9.2.5.1.1 Germany Sleeve Gastrectomy Devices Market by Device Type
9.2.5.1.2 Germany Sleeve Gastrectomy Devices Market by End Use
9.2.5.2 France Sleeve Gastrectomy Devices Market
9.2.5.2.1 France Sleeve Gastrectomy Devices Market by Device Type
9.2.5.2.2 France Sleeve Gastrectomy Devices Market by End Use
9.2.5.3 Italy Sleeve Gastrectomy Devices Market
9.2.5.3.1 Italy Sleeve Gastrectomy Devices Market by Device Type
9.2.5.3.2 Italy Sleeve Gastrectomy Devices Market by End Use
9.2.5.4 Spain Sleeve Gastrectomy Devices Market
9.2.5.4.1 Spain Sleeve Gastrectomy Devices Market by Device Type
9.2.5.4.2 Spain Sleeve Gastrectomy Devices Market by End Use
9.2.5.5 United Kingdom Sleeve Gastrectomy Devices Market
9.2.5.5.1 United Kingdom Sleeve Gastrectomy Devices Market by Device Type
9.2.5.5.2 United Kingdom Sleeve Gastrectomy Devices Market by End Use
9.2.5.6 Rest of Europe Sleeve Gastrectomy Devices Market
9.2.5.6.1 Rest of Europe Sleeve Gastrectomy Devices Market by Device Type
9.2.5.6.2 Rest of Europe Sleeve Gastrectomy Devices Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sleeve Gastrectomy Devices Market Overview
9.3.2 Asia-Pacific Sleeve Gastrectomy Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Device Type
9.3.4 Asia-Pacific Sleeve Gastrectomy Devices Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sleeve Gastrectomy Devices Market
9.3.5.1.1 Australia Sleeve Gastrectomy Devices Market by Device Type
9.3.5.1.2 Australia Sleeve Gastrectomy Devices Market by End Use
9.3.5.2 China Sleeve Gastrectomy Devices Market
9.3.5.2.1 China Sleeve Gastrectomy Devices Market by Device Type
9.3.5.2.2 China Sleeve Gastrectomy Devices Market by End Use
9.3.5.3 India Sleeve Gastrectomy Devices Market
9.3.5.3.1 India Sleeve Gastrectomy Devices Market by Device Type
9.3.5.3.2 India Sleeve Gastrectomy Devices Market by End Use
9.3.5.4 Japan Sleeve Gastrectomy Devices Market
9.3.5.4.1 Japan Sleeve Gastrectomy Devices Market by Device Type
9.3.5.4.2 Japan Sleeve Gastrectomy Devices Market by End Use
9.3.5.5 South Korea Sleeve Gastrectomy Devices Market
9.3.5.5.1 South Korea Sleeve Gastrectomy Devices Market by Device Type
9.3.5.5.2 South Korea Sleeve Gastrectomy Devices Market by End Use
9.3.5.6 Rest of Asia-Pacific Sleeve Gastrectomy Devices Market
9.3.5.6.1 Rest of Asia-Pacific Sleeve Gastrectomy Devices Market by Device Type
9.3.5.6.2 Rest of Asia-Pacific Sleeve Gastrectomy Devices Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sleeve Gastrectomy Devices Market Overview
9.4.2 Middle East and Africa Sleeve Gastrectomy Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Device Type
9.4.4 Middle East and Africa Sleeve Gastrectomy Devices Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sleeve Gastrectomy Devices Market
9.4.5.1.1 South Africa Sleeve Gastrectomy Devices Market by Device Type
9.4.5.1.2 South Africa Sleeve Gastrectomy Devices Market by End Use
9.4.5.2 Saudi Arabia Sleeve Gastrectomy Devices Market
9.4.5.2.1 Saudi Arabia Sleeve Gastrectomy Devices Market by Device Type
9.4.5.2.2 Saudi Arabia Sleeve Gastrectomy Devices Market by End Use
9.4.5.3 U.A.E Sleeve Gastrectomy Devices Market
9.4.5.3.1 U.A.E Sleeve Gastrectomy Devices Market by Device Type
9.4.5.3.2 U.A.E Sleeve Gastrectomy Devices Market by End Use
9.4.5.4 Rest of Middle East and Africa Sleeve Gastrectomy Devices Market
9.4.5.4.1 Rest of Middle East and Africa Sleeve Gastrectomy Devices Market by Device Type
9.4.5.4.2 Rest of Middle East and Africa Sleeve Gastrectomy Devices Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sleeve Gastrectomy Devices Market Overview
9.5.2 South and Central America Sleeve Gastrectomy Devices Market Forecasts and Analysis
9.5.3 South and Central America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Device Type
9.5.4 South and Central America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Sleeve Gastrectomy Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sleeve Gastrectomy Devices Market
9.5.5.1.1 Brazil Sleeve Gastrectomy Devices Market by Device Type
9.5.5.1.2 Brazil Sleeve Gastrectomy Devices Market by End Use
9.5.5.2 Argentina Sleeve Gastrectomy Devices Market
9.5.5.2.1 Argentina Sleeve Gastrectomy Devices Market by Device Type
9.5.5.2.2 Argentina Sleeve Gastrectomy Devices Market by End Use
9.5.5.3 Rest of South and Central America Sleeve Gastrectomy Devices Market
9.5.5.3.1 Rest of South and Central America Sleeve Gastrectomy Devices Market by Device Type
9.5.5.3.2 Rest of South and Central America Sleeve Gastrectomy Devices Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SLEEVE GASTRECTOMY DEVICES 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. SLEEVE GASTRECTOMY DEVICES MARKET, KEY COMPANY PROFILES
12.1. INTUTIVE SURGICAL INC.
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. APOLLO ENDOSURGERY 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. TRANSENTRERIX 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. COUSIN BIOTECH
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. ENTEROMEDICS 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. MEDTRONICS PLC
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. AGENCY FOR MEDICAL INNOVATIONS
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. ASPIRE BARIATRICS INC
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. MEDIFLEX SURGICAL PRODUCTS
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. ETHICON INC
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
1. Intutive Surgical Inc.
2. Apollo Endosurgery Inc.
3. TransEntrerix Inc.
4. Cousin Biotech
5. EnteroMedics Inc.
6. Medtronics Plc.
7. Agency for Medical Innovations
8. Aspire Bariatrics Inc.
9. Mediflex Surgical Products
10. Ethicon Inc.
11. Johnson and Johnson Services
12. Baxter
13. Changzhou Ankang Medical Instruments
14. Grena
15. MID
16. Silex Medical
17. Dextra Surgical
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.