The Telmisartan Market is expected to register a CAGR of 4.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Indication (Hypertension, Cardiac Arrest, Stroke); Composition (Single, Combinational), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies). The global analysis is broken down at the regional level and for major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Telmisartan 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.
Telmisartan Market Segmentation
Indication- Hypertension
- Cardiac Arrest
- Stroke
- Single
- Combinational
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Strategic Insights
Telmisartan Market Growth Drivers- Increasing Prevalence of Hypertension: The rising global prevalence of hypertension is a primary growth driver for the Telmisartan market. Patients with high blood pressure need antihypertensive medications because these conditions raise their risk of developing cardiovascular diseases heart attacks and damaging their kidneys. Poor lifestyle choices combined with less physical activity and higher stress levels make hypertension a major health problem that affects many people as they age across the world. The medication Telmisartan works as an angiotensin II receptor blocker (ARB) to treat high blood pressure by preventing angiotensin II from narrowing blood vessels. The worldwide population of hypertensive patients keeps growing which makes the market for Telmisartan expand further. Many patients now understand the permanent health risks of untreated hypertension and they want proper medical care. Healthcare systems across the world work to find and control hypertension sooner which makes Telmisartan a more popular medicine. Forecasts predict that this rising prevalence of hypertension will significantly increase Telmisartan prescriptions, thereby enhancing its market share.
- Rising Cardiovascular Disease Burden: The growing number of people getting heart diseases drives up demand for Telmisartan products. The leading cause of worldwide deaths is Cardiovascular Diseases (CVDs), and hypertension acts as their main driver for progression. The medication Telmisartan helps control high blood pressure which protects patients from experiencing heart attacks and strokes plus other heart problems. Since doctors use Telmisartan more than any other medication to manage blood pressure patients need this treatment for heart disease prevention. Forecast data shows that rising rates of lifestyle diseases like obesity and diabetes plus aging populations worldwide will make more people vulnerable to heart problems. People will need Telmisartan because it helps control blood pressure and protects against heart problems. The increased focus on preventive care and early intervention for heart diseases will further drive the market growth of Telmisartan.
- Government Initiatives and Health Awareness: The Telmisartan market grows because government health programs promote cardiovascular care and help people manage their high blood pressure. Governments in different nations now spend money to teach people about high blood pressure risks while helping them find problems early and take Telmisartan to manage the condition. Public health campaigns help fight hypertension worldwide especially in countries with expanding healthcare systems. Telmisartan becomes affordable for patients through government price subsidies. The market grows because governments set up free hypertension checks and put Telmisartan into official treatment guidelines for blood pressure problems. Healthcare providers must follow accepted guidelines that name Telmisartan as the main treatment option for people with hypertension. More people are choosing Telmisartan treatment for hypertension because governments support this therapy and public awareness about it keeps growing.
- Rise of Fixed-Dose Combination Therapies: Fixed-dose combination therapies become more popular in Telmisartan market treatments. Telmisartan works better as part of a treatment plan that includes other blood pressure medications like calcium channel blockers or ACE inhibitors to treat hypertension. Combining drugs in single treatments eases medicine taking for patients who stick to their regimens more effectively. The reduced number of pills in fixed-dose combinations makes them popular among older adults and people with many health conditions because they treat both hypertension and related heart problems in one treatment. The Telmisartan market will grow as healthcare providers adopt more combination therapy options according to market projections. Emerging markets with many people who have high blood pressure need more Telmisartan-based combination products. The market will expand through new Telmisartan drug combinations that serve patients better. Healthcare companies will keep developing combination therapies because many people do not follow their high blood pressure treatment plan. This trend of combining Telmisartan with other medications will continue to expand its usage, contributing to the market's growth.
- Personalized and Targeted Hypertension Treatments: The Telmisartan market is advancing as doctors now focus on customized treatments for hypertension patients. Healthcare teams can now develop specific hypertension treatment plans for patients thanks to new genetic screening tools and biomarker technology. The medical field will use Telmisartan more for precise hypertension therapies as scientists learn more about genes that affect blood pressure. People prefer personalized care approaches since these methods help doctors find better therapies that work well without causing many side effects. The market for Telmisartan will expand as doctors use it more often in precision medicine treatment methods. The demand for Telmisartan will increase because healthcare systems now use personalized treatment plans for hypertension patients. Research projects that personalized healthcare will spread further in the future which opens new market chances for Telmisartan. By offering a solution that is both effective and adaptable to different patient profiles, Telmisartan is positioned to remain a key treatment option in the growing field of personalized medicine.
- Focus on Patient Convenience and Adherence: Patient adherence to chronic condition treatments like hypertension receives more attention which leads healthcare providers to select easier-to-manage medications. Telmisartan fixed-dose combinations help patients take fewer pills which matches the industry's focus on patient convenience. Easy-to-follow medication plans help patients stick to their blood pressure treatment and achieve better medical results. As patient-centered care becomes more important pharmaceutical companies work on making Telmisartan easier to use by creating longer-acting versions and better drug delivery methods that also improve packaging. Market forecast shows that Telmisartan's ability to help patients take their medications more easily will push sales ahead because many patients struggle to follow treatment plans as they age. The market demand for Telmisartan grows because doctors use it more often in combination treatments that help patients stay on treatment better. As patients follow their recommended treatments better the market for Telmisartan will continue expanding.
- Use of Telmisartan in Comorbid Conditions: The market for Telmisartan grows because researchers are finding new ways to treat diabetes and CKD patients who also have hypertension. Telmisartan successfully safeguards kidney health and slows down diabetic nephropathy so doctors favor it as medication for patients who need hypertension management with diabetes. The increasing adoption of Telmisartan in the treatment of heart failure occurs because it inhibits angiotensin II receptors that regulate the progression of heart disease. Pharmaceutical companies view opportunities in the increasing global demand for drugs that address both hypertension and associated health conditions as the number of patients with hypertension and diabetes increases. More patients who have more than one medical condition find Telmisartan as they are now placed in their multimodal treatment regimens by doctors. New clinical studies investigate whether Telmisartan assists patients with atrial fibrillation and heart failure with preserved ejection fraction. As more doctors discover that Telmisartan is very effective for more than one type of disease, more patients will require it, giving it more leverage as a favored therapy beyond simply hypertension.
- Expanding Applications in Heart Failure Management: The Telmisartan market shows strong future prospects because doctors use it more often to treat heart failure. Heart failure affects many patients around the world who struggle with both high blood pressure and related health problems. Studies show Telmisartan as an angiotensin II receptor blocker (ARB) effectively manages heart failure through blood pressure reduction and enhanced cardiovascular function. By blocking angiotensin II hormone action Telmisartan effectively treats heart failure because it prevents blood vessel constriction. New research shows Telmisartan works well to control blood pressure and helps heart failure patients feel better and stay out of the hospital. Due to heart failure ranking as a top killer worldwide the market for Telmisartan heart failure treatment will continue to grow. Due to greater heart failure patient numbers from aging populations and cardiovascular risks pharmaceutical companies should market Telmisartan's heart failure medicine benefits. The combination of Telmisartan’s proven efficacy in lowering blood pressure and its potential to improve heart failure outcomes provides a strong market growth avenue.
- Increasing Demand for Fixed-Dose Combination (FDC) Drugs: Patients with hypertension benefit from taking single-pill medications known as FDC therapies because these treatments simplify their medicine schedule and help them stick to their treatment plan. Patients receive better blood pressure control when Telmisartan works together with other antihypertensive drugs like diuretics or calcium channel blockers. Patients who find it hard to take many pills or need complex treatment benefit from these combined FDC drugs. Healthcare providers will use more FDC drugs because they help patients take their medicine better and get better results from treatments. Telmisartan can benefit from the expanding FDC drug market sector. Patients will have better treatment choices and improved treatment experiences when Telmisartan combines with other drugs like amlodipine to treat cardiovascular diseases and hypertension. FDC drugs cost less and they are easier to use which benefits patients in emerging markets who need affordable treatments. Pharmaceutical companies see a profitable future developing and selling new Telmisartan drug combinations because patients prefer Fixed-Dose Combinations.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Telmisartan 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 Telmisartan 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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to segments covered.

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

Country Scope
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Frequently Asked Questions
The Telmisartan Market is estimated to witness a CAGR of 4.5% from 2025 to 2031.
The major factors driving the Telmisartan Market are Increasing Prevalence of Hypertension, Rising Cardiovascular Disease Burden, and Government Initiatives and Health Awareness.
Future trends in the Telmisartan Market are Rise of Fixed-Dose Combination Therapies, Personalized and Targeted Hypertension Treatments, and Focus on Patient Convenience and Adherence.
Some of the players operating in the market are Mylan N.V., Hikma Pharmaceuticals PLC, Exelan Pharmaceuticals, Inc., Macleods Pharmaceuticals Ltd., Zydus Pharmaceuticals, Inc., Torrent Pharmaceuticals Ltd, Jubilant Cadista., Aurobindo Pharma., Solco Healthcare, Sandoz International GmbH
The report can be delivered in PDF/PPT format; we can also share an excel datasheet based on the request.
Some customization options available based on the request are an additional 3–5 company profiles and a 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 Telmisartan Market - By Indication
1.3.2 Telmisartan Market - By Composition
1.3.3 Telmisartan Market - By Distribution Channel
1.3.4 Telmisartan Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TELMISARTAN 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
4.3. EXPERT OPINIONS
5. TELMISARTAN 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TELMISARTAN MARKET - GLOBAL MARKET ANALYSIS
6.1. TELMISARTAN - GLOBAL MARKET OVERVIEW
6.2. TELMISARTAN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TELMISARTAN MARKET - REVENUE AND FORECASTS TO 2028 - INDICATION
7.1. OVERVIEW
7.2. INDICATION MARKET FORECASTS AND ANALYSIS
7.3. HYPERTENSION
7.3.1. Overview
7.3.2. Hypertension Market Forecast and Analysis
7.4. CARDIAC ARREST
7.4.1. Overview
7.4.2. Cardiac Arrest Market Forecast and Analysis
7.5. STROKE
7.5.1. Overview
7.5.2. Stroke Market Forecast and Analysis
8. TELMISARTAN MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITION
8.1. OVERVIEW
8.2. COMPOSITION MARKET FORECASTS AND ANALYSIS
8.3. SINGLE
8.3.1. Overview
8.3.2. Single Market Forecast and Analysis
8.4. COMBINATIONAL
8.4.1. Overview
8.4.2. Combinational Market Forecast and Analysis
9. TELMISARTAN MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL PHARMACIES
9.3.1. Overview
9.3.2. Hospital Pharmacies Market Forecast and Analysis
9.4. RETAIL PHARMACIES
9.4.1. Overview
9.4.2. Retail Pharmacies Market Forecast and Analysis
9.5. ONLINE PHARMACIES
9.5.1. Overview
9.5.2. Online Pharmacies Market Forecast and Analysis
10. TELMISARTAN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Telmisartan Market Overview
10.1.2 North America Telmisartan Market Forecasts and Analysis
10.1.3 North America Telmisartan Market Forecasts and Analysis - By Indication
10.1.4 North America Telmisartan Market Forecasts and Analysis - By Composition
10.1.5 North America Telmisartan Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Telmisartan Market Forecasts and Analysis - By Countries
10.1.6.1 United States Telmisartan Market
10.1.6.1.1 United States Telmisartan Market by Indication
10.1.6.1.2 United States Telmisartan Market by Composition
10.1.6.1.3 United States Telmisartan Market by Distribution Channel
10.1.6.2 Canada Telmisartan Market
10.1.6.2.1 Canada Telmisartan Market by Indication
10.1.6.2.2 Canada Telmisartan Market by Composition
10.1.6.2.3 Canada Telmisartan Market by Distribution Channel
10.1.6.3 Mexico Telmisartan Market
10.1.6.3.1 Mexico Telmisartan Market by Indication
10.1.6.3.2 Mexico Telmisartan Market by Composition
10.1.6.3.3 Mexico Telmisartan Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Telmisartan Market Overview
10.2.2 Europe Telmisartan Market Forecasts and Analysis
10.2.3 Europe Telmisartan Market Forecasts and Analysis - By Indication
10.2.4 Europe Telmisartan Market Forecasts and Analysis - By Composition
10.2.5 Europe Telmisartan Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Telmisartan Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Telmisartan Market
10.2.6.1.1 Germany Telmisartan Market by Indication
10.2.6.1.2 Germany Telmisartan Market by Composition
10.2.6.1.3 Germany Telmisartan Market by Distribution Channel
10.2.6.2 France Telmisartan Market
10.2.6.2.1 France Telmisartan Market by Indication
10.2.6.2.2 France Telmisartan Market by Composition
10.2.6.2.3 France Telmisartan Market by Distribution Channel
10.2.6.3 Italy Telmisartan Market
10.2.6.3.1 Italy Telmisartan Market by Indication
10.2.6.3.2 Italy Telmisartan Market by Composition
10.2.6.3.3 Italy Telmisartan Market by Distribution Channel
10.2.6.4 Spain Telmisartan Market
10.2.6.4.1 Spain Telmisartan Market by Indication
10.2.6.4.2 Spain Telmisartan Market by Composition
10.2.6.4.3 Spain Telmisartan Market by Distribution Channel
10.2.6.5 United Kingdom Telmisartan Market
10.2.6.5.1 United Kingdom Telmisartan Market by Indication
10.2.6.5.2 United Kingdom Telmisartan Market by Composition
10.2.6.5.3 United Kingdom Telmisartan Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Telmisartan Market Overview
10.3.2 Asia-Pacific Telmisartan Market Forecasts and Analysis
10.3.3 Asia-Pacific Telmisartan Market Forecasts and Analysis - By Indication
10.3.4 Asia-Pacific Telmisartan Market Forecasts and Analysis - By Composition
10.3.5 Asia-Pacific Telmisartan Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Telmisartan Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Telmisartan Market
10.3.6.1.1 Australia Telmisartan Market by Indication
10.3.6.1.2 Australia Telmisartan Market by Composition
10.3.6.1.3 Australia Telmisartan Market by Distribution Channel
10.3.6.2 China Telmisartan Market
10.3.6.2.1 China Telmisartan Market by Indication
10.3.6.2.2 China Telmisartan Market by Composition
10.3.6.2.3 China Telmisartan Market by Distribution Channel
10.3.6.3 India Telmisartan Market
10.3.6.3.1 India Telmisartan Market by Indication
10.3.6.3.2 India Telmisartan Market by Composition
10.3.6.3.3 India Telmisartan Market by Distribution Channel
10.3.6.4 Japan Telmisartan Market
10.3.6.4.1 Japan Telmisartan Market by Indication
10.3.6.4.2 Japan Telmisartan Market by Composition
10.3.6.4.3 Japan Telmisartan Market by Distribution Channel
10.3.6.5 South Korea Telmisartan Market
10.3.6.5.1 South Korea Telmisartan Market by Indication
10.3.6.5.2 South Korea Telmisartan Market by Composition
10.3.6.5.3 South Korea Telmisartan Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Telmisartan Market Overview
10.4.2 Middle East and Africa Telmisartan Market Forecasts and Analysis
10.4.3 Middle East and Africa Telmisartan Market Forecasts and Analysis - By Indication
10.4.4 Middle East and Africa Telmisartan Market Forecasts and Analysis - By Composition
10.4.5 Middle East and Africa Telmisartan Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Telmisartan Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Telmisartan Market
10.4.6.1.1 South Africa Telmisartan Market by Indication
10.4.6.1.2 South Africa Telmisartan Market by Composition
10.4.6.1.3 South Africa Telmisartan Market by Distribution Channel
10.4.6.2 Saudi Arabia Telmisartan Market
10.4.6.2.1 Saudi Arabia Telmisartan Market by Indication
10.4.6.2.2 Saudi Arabia Telmisartan Market by Composition
10.4.6.2.3 Saudi Arabia Telmisartan Market by Distribution Channel
10.4.6.3 U.A.E Telmisartan Market
10.4.6.3.1 U.A.E Telmisartan Market by Indication
10.4.6.3.2 U.A.E Telmisartan Market by Composition
10.4.6.3.3 U.A.E Telmisartan Market by Distribution Channel
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. TELMISARTAN MARKET, KEY COMPANY PROFILES
12.1. MYLAN N.V.
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. HIKMA PHARMACEUTICALS PLC
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. EXELAN PHARMACEUTICALS, 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. MACLEODS PHARMACEUTICALS LTD.
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. ZYDUS PHARMACEUTICALS, 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. TORRENT PHARMACEUTICALS LTD.
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. JUBILANT CADISTA.
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. AUROBINDO PHARMA.
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. SOLCO HEALTHCARE
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. SANDOZ INTERNATIONAL GMBH
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. Mylan N.V.
2. Hikma Pharmaceuticals PLC
3. Exelan Pharmaceuticals, Inc.
4. Macleods Pharmaceuticals Ltd.
5. Zydus Pharmaceuticals, Inc.
6. Torrent Pharmaceuticals Ltd.
7. Jubilant Cadista.
8. Aurobindo Pharma.
9. Solco Healthcare
10. Sandoz International GmbH
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.