Sports Medicine Market Dynamics 2021-2031
Sports medicine is the branch of healthcare that acts as a bridge between science, exercise, and health. It catalyzes scientific assessment, study and enhances people's athletic performance. It involves combined efforts of athletic trainers, physicians, therapists, and sports scientists to collaborate and provide the medical care for athletic injuries and illnesses. Its products help people recover from injuries and prevent further injuries.
MARKET SCOPE
The "Global Sports Medicine Market Analysis to 2031" 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 the sports medicine market with detailed market segmentation by product type, application, end user, and geography. The report provides key statistics on the market status of the leading sports medicine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global sports medicine market is segmented into body reconstruction products, body support and recovery products, body monitoring & evaluation and accessories .
- On the basis of application, the market is bifurcated into knee injuries, shoulder injuries,foot and ankle injuries, elbow and wrist injuries, back and spine injuries and other injuries.
- On the basis of end-users, the market is bifurcated into hospitals, ambulatory surgery centres and physiotherapy centres and clinics.
MARKET DYNAMICS
Drivers
- The increasing burden of sports injuries, primarily due to the growing participation in sports and fitness activities, drives the sports medicine market.
- Continuous innovation of new products & treatment modalities, demand for injury management and rehabilitation are expected to fuel the market growth.
- Developments in the field of regenerative medicine propel the market growth.
- Rising demand for minimally invasive surgeries boosts the market growth.
Restraints
- High cost of orthopedic implants.
- Lack of healthcare infrastructure in under-developed countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sports medicine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the 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 America after evaluating political, economic, social and technological factors affecting the sports medicine market in these regions.
IMPACT OF COVID-19 ON SPORTS MEDICINE MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The outbreak of COVID-19 has a significant impact on the global sports medicine market. Various tournaments have been postponed owing to the lockdown like, the International Olympic Committee postponed the 2021 Tokyo Olympics and Paralympic to 2021, which has led to fewer sports injuries, thereby a decline in demand for sports medicine. In addition, many orthopedic surgeries were canceled. Therefore, the expansion of the market has a short-term negative impact due to the pandemic. However, the market is likely to stabilize in the future at a steady pace, as the sports activities will upsurge.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sports medicine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the 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 America after evaluating political, economic, social and technological factors affecting the sports medicine market in these regions.
IMPACT OF COVID-19 ON SPORTS MEDICINE MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The outbreak of COVID-19 has a significant impact on the global sports medicine market. Various tournaments have been postponed owing to the lockdown like, the International Olympic Committee postponed the 2021 Tokyo Olympics and Paralympic to 2021, which has led to fewer sports injuries, thereby a decline in demand for sports medicine. In addition, many orthopedic surgeries were canceled. Therefore, the expansion of the market has a short-term negative impact due to the pandemic. However, the market is likely to stabilize in the future at a steady pace, as the sports activities will upsurge.
MARKET PLAYERS
The report covers key developments in the sports medicine 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 activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from sports medicine market are anticipated to have lucrative growth opportunities in the future with the rising demand for sports medicine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sports medicine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arthrex, Inc
- Wright Medical Group N.V.
- Medtronic PLC
- Smith & Nephew plc
- Stryker Corporation
- Zimmer Biomet
- Breg Inc.
- DJO Global, Inc.
- Mueller Sports, Inc.
- MedScape
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
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sports Medicine Market - By Product Type
1.3.2 Sports Medicine Market - By Application
1.3.3 Sports Medicine Market - By End User
1.3.4 Sports Medicine Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPORTS MEDICINE 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. SPORTS MEDICINE 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. SPORTS MEDICINE MARKET - GLOBAL MARKET ANALYSIS
6.1. SPORTS MEDICINE - GLOBAL MARKET OVERVIEW
6.2. SPORTS MEDICINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPORTS MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BODY RECONSTRUCTION PRODUCTS
7.3.1. Overview
7.3.2. Body Reconstruction Products Market Forecast and Analysis
7.3.3. Fracture and Ligament Repair Products Market
7.3.3.1. Overview
7.3.3.2. Fracture and Ligament Repair Products Market Forecast and Analysis
7.3.4. Arthroscopy Devices Market
7.3.4.1. Overview
7.3.4.2. Arthroscopy Devices Market Forecast and Analysis
7.3.5. Implants Market
7.3.5.1. Overview
7.3.5.2. Implants Market Forecast and Analysis
7.3.6. Prosthetic Devices Market
7.3.6.1. Overview
7.3.6.2. Prosthetic Devices Market Forecast and Analysis
7.3.7. Orthobiologics Market
7.3.7.1. Overview
7.3.7.2. Orthobiologics Market Forecast and Analysis
7.4. BODY SUPPORT AND RECOVERY PRODUCTS
7.4.1. Overview
7.4.2. Body Support and Recovery Products Market Forecast and Analysis
7.4.3. Braces and Supports Market
7.4.3.1. Overview
7.4.3.2. Braces and Supports Market Forecast and Analysis
7.4.4. Compression Clothing Market
7.4.4.1. Overview
7.4.4.2. Compression Clothing Market Forecast and Analysis
7.4.5. Physiotherapy Equipment Market
7.4.5.1. Overview
7.4.5.2. Physiotherapy Equipment Market Forecast and Analysis
7.5. BODY MONITORING AND EVALUATION
7.5.1. Overview
7.5.2. Body Monitoring and Evaluation Market Forecast and Analysis
7.5.3. Cardiac Market
7.5.3.1. Overview
7.5.3.2. Cardiac Market Forecast and Analysis
7.5.4. Respiratory Market
7.5.4.1. Overview
7.5.4.2. Respiratory Market Forecast and Analysis
7.5.5. Hemodynamic Market
7.5.5.1. Overview
7.5.5.2. Hemodynamic Market Forecast and Analysis
7.5.6. Musculoskeletal Market
7.5.6.1. Overview
7.5.6.2. Musculoskeletal Market Forecast and Analysis
7.5.7. Others. Market
7.5.7.1. Overview
7.5.7.2. Others. Market Forecast and Analysis
7.6. ACCESSORIES
7.6.1. Overview
7.6.2. Accessories Market Forecast and Analysis
8. SPORTS MEDICINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. KNEE INJURIES
8.3.1. Overview
8.3.2. Knee Injuries Market Forecast and Analysis
8.4. SHOULDER INJURIES
8.4.1. Overview
8.4.2. Shoulder Injuries Market Forecast and Analysis
8.5. FOOT AND ANKLE INJURIES
8.5.1. Overview
8.5.2. Foot and Ankle Injuries Market Forecast and Analysis
8.6. ELBOW AND WRIST INJURIES
8.6.1. Overview
8.6.2. Elbow and Wrist Injuries Market Forecast and Analysis
8.7. BACK AND SPINE INJURIES
8.7.1. Overview
8.7.2. Back and Spine Injuries Market Forecast and Analysis
8.8. OTHER INJURIES
8.8.1. Overview
8.8.2. Other Injuries Market Forecast and Analysis
9. SPORTS MEDICINE 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. AMBULATORY SURGERY CENTRES
9.4.1. Overview
9.4.2. Ambulatory Surgery Centres Market Forecast and Analysis
9.5. PHYSIOTHERAPY CENTRES AND CLINICS
9.5.1. Overview
9.5.2. Physiotherapy Centres and Clinics Market Forecast and Analysis
10. SPORTS MEDICINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Sports Medicine Market Overview
10.1.2 North America Sports Medicine Market Forecasts and Analysis
10.1.3 North America Sports Medicine Market Forecasts and Analysis - By Product Type
10.1.4 North America Sports Medicine Market Forecasts and Analysis - By Application
10.1.5 North America Sports Medicine Market Forecasts and Analysis - By End User
10.1.6 North America Sports Medicine Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Sports Medicine Market
10.1.6.1.1 Canada Sports Medicine Market by Product Type
10.1.6.1.2 Canada Sports Medicine Market by Application
10.1.6.1.3 Canada Sports Medicine Market by End User
10.1.6.2 Mexico Sports Medicine Market
10.1.6.2.1 Mexico Sports Medicine Market by Product Type
10.1.6.2.2 Mexico Sports Medicine Market by Application
10.1.6.2.3 Mexico Sports Medicine Market by End User
10.1.6.3 US Sports Medicine Market
10.1.6.3.1 US Sports Medicine Market by Product Type
10.1.6.3.2 US Sports Medicine Market by Application
10.1.6.3.3 US Sports Medicine Market by End User
10.2. EUROPE
10.2.1 Europe Sports Medicine Market Overview
10.2.2 Europe Sports Medicine Market Forecasts and Analysis
10.2.3 Europe Sports Medicine Market Forecasts and Analysis - By Product Type
10.2.4 Europe Sports Medicine Market Forecasts and Analysis - By Application
10.2.5 Europe Sports Medicine Market Forecasts and Analysis - By End User
10.2.6 Europe Sports Medicine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Sports Medicine Market
10.2.6.1.1 Germany Sports Medicine Market by Product Type
10.2.6.1.2 Germany Sports Medicine Market by Application
10.2.6.1.3 Germany Sports Medicine Market by End User
10.2.6.2 France Sports Medicine Market
10.2.6.2.1 France Sports Medicine Market by Product Type
10.2.6.2.2 France Sports Medicine Market by Application
10.2.6.2.3 France Sports Medicine Market by End User
10.2.6.3 Italy Sports Medicine Market
10.2.6.3.1 Italy Sports Medicine Market by Product Type
10.2.6.3.2 Italy Sports Medicine Market by Application
10.2.6.3.3 Italy Sports Medicine Market by End User
10.2.6.4 Spain Sports Medicine Market
10.2.6.4.1 Spain Sports Medicine Market by Product Type
10.2.6.4.2 Spain Sports Medicine Market by Application
10.2.6.4.3 Spain Sports Medicine Market by End User
10.2.6.5 United Kingdom Sports Medicine Market
10.2.6.5.1 United Kingdom Sports Medicine Market by Product Type
10.2.6.5.2 United Kingdom Sports Medicine Market by Application
10.2.6.5.3 United Kingdom Sports Medicine Market by End User
10.2.6.6 Rest of Europe Sports Medicine Market
10.2.6.6.1 Rest of Europe Sports Medicine Market by Product Type
10.2.6.6.2 Rest of Europe Sports Medicine Market by Application
10.2.6.6.3 Rest of Europe Sports Medicine Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Sports Medicine Market Overview
10.3.2 Asia-Pacific Sports Medicine Market Forecasts and Analysis
10.3.3 Asia-Pacific Sports Medicine Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Sports Medicine Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Sports Medicine Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Sports Medicine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Sports Medicine Market
10.3.6.1.1 Australia Sports Medicine Market by Product Type
10.3.6.1.2 Australia Sports Medicine Market by Application
10.3.6.1.3 Australia Sports Medicine Market by End User
10.3.6.2 China Sports Medicine Market
10.3.6.2.1 China Sports Medicine Market by Product Type
10.3.6.2.2 China Sports Medicine Market by Application
10.3.6.2.3 China Sports Medicine Market by End User
10.3.6.3 India Sports Medicine Market
10.3.6.3.1 India Sports Medicine Market by Product Type
10.3.6.3.2 India Sports Medicine Market by Application
10.3.6.3.3 India Sports Medicine Market by End User
10.3.6.4 Japan Sports Medicine Market
10.3.6.4.1 Japan Sports Medicine Market by Product Type
10.3.6.4.2 Japan Sports Medicine Market by Application
10.3.6.4.3 Japan Sports Medicine Market by End User
10.3.6.5 South Korea Sports Medicine Market
10.3.6.5.1 South Korea Sports Medicine Market by Product Type
10.3.6.5.2 South Korea Sports Medicine Market by Application
10.3.6.5.3 South Korea Sports Medicine Market by End User
10.3.6.6 Rest of Asia-Pacific Sports Medicine Market
10.3.6.6.1 Rest of Asia-Pacific Sports Medicine Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Sports Medicine Market by Application
10.3.6.6.3 Rest of Asia-Pacific Sports Medicine Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Sports Medicine Market Overview
10.4.2 Middle East and Africa Sports Medicine Market Forecasts and Analysis
10.4.3 Middle East and Africa Sports Medicine Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Sports Medicine Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Sports Medicine Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Sports Medicine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Sports Medicine Market
10.4.6.1.1 South Africa Sports Medicine Market by Product Type
10.4.6.1.2 South Africa Sports Medicine Market by Application
10.4.6.1.3 South Africa Sports Medicine Market by End User
10.4.6.2 Saudi Arabia Sports Medicine Market
10.4.6.2.1 Saudi Arabia Sports Medicine Market by Product Type
10.4.6.2.2 Saudi Arabia Sports Medicine Market by Application
10.4.6.2.3 Saudi Arabia Sports Medicine Market by End User
10.4.6.3 U.A.E Sports Medicine Market
10.4.6.3.1 U.A.E Sports Medicine Market by Product Type
10.4.6.3.2 U.A.E Sports Medicine Market by Application
10.4.6.3.3 U.A.E Sports Medicine Market by End User
10.4.6.4 Rest of Middle East and Africa Sports Medicine Market
10.4.6.4.1 Rest of Middle East and Africa Sports Medicine Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Sports Medicine Market by Application
10.4.6.4.3 Rest of Middle East and Africa Sports Medicine Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Sports Medicine Market Overview
10.5.2 South and Central America Sports Medicine Market Forecasts and Analysis
10.5.3 South and Central America Sports Medicine Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Sports Medicine Market Forecasts and Analysis - By Application
10.5.5 South and Central America Sports Medicine Market Forecasts and Analysis - By End User
10.5.6 South and Central America Sports Medicine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Sports Medicine Market
10.5.6.1.1 Brazil Sports Medicine Market by Product Type
10.5.6.1.2 Brazil Sports Medicine Market by Application
10.5.6.1.3 Brazil Sports Medicine Market by End User
10.5.6.2 Argentina Sports Medicine Market
10.5.6.2.1 Argentina Sports Medicine Market by Product Type
10.5.6.2.2 Argentina Sports Medicine Market by Application
10.5.6.2.3 Argentina Sports Medicine Market by End User
10.5.6.3 Rest of South and Central America Sports Medicine Market
10.5.6.3.1 Rest of South and Central America Sports Medicine Market by Product Type
10.5.6.3.2 Rest of South and Central America Sports Medicine Market by Application
10.5.6.3.3 Rest of South and Central America Sports Medicine 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. SPORTS MEDICINE MARKET, KEY COMPANY PROFILES
12.1. ARTHREX, 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. WRIGHT MEDICAL GROUP N.V.
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. MEDTRONIC PLC
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. SMITH AND NEPHEW PLC
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. STRYKER CORPORATION
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. ZIMMER BIOMET
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. BREG 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. DJO GLOBAL, 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. MUELLER SPORTS, 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. MEDSCAPE
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. Arthrex, Inc
2. Wright Medical Group N.V.
3. Medtronic PLC
4. Smith and Nephew plc
5. Stryker Corporation
6. Zimmer Biomet
7. Breg Inc.
8. DJO Global, Inc.
9. Mueller Sports, Inc.
10. MedScape
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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