Ureteral Stents Market Key Players Analysis 2031
Ureteral stents are small tubes that are inserted inside the ureter to treat or to avoid a blockage that prevents the flow of urine from the kidney to the bladder. The ureteral stents are most commonly used for the treatment of kidney stones.
The market for ureteral stents is expected to grow significantly in the coming years, owing to the key factors such as rise in the number of the procedures f kidney failure and kidney stone procedures. The rise in the number of the dialysis cases in the male. Rise in the number kidney failure cases in younger population are likely to propel in the forecasted period. The opportunities for the developers are for innovating the material for the stents and to innovate minimally invasive insertion techniques for the stents.
The “Global Ureteral Stents Market Analysis to 2031” is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global ureteral stents market with detailed market segmentation by product, application, end user and geography. The global ureteral stents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global ureteral stents market segment is segmented on the basis of product, application, and end user. The product segment includes expandable stents, double pigtail stents and others. On the basis of the application the segment is classified as kidney stones, kidney failure and others. The end user segment is classified as the hospitals & clinics, ambulatory surgical centers, dialysis centers and others.
The ureteral stents market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ureteral stents market based on product, application and end user. It also provides market size and forecast till 2031 for overall ureteral stents market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America holds the largest share in the ureteral stents market. The key drivers that are driving the growth of the market are rise in the number of cases kidney failure cases due to the consumption of alcohol. The rise in the number of cases of prostate cancer and other urology cancer. The Asia Pacific is the fastest growing market due to the rise in the awareness of the product among the people. The rise in the number of dialysis cases are likely to propel the growth of the market in the coming future.
The ureteral stents market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The ureteral stents market report also includes the profiles of key ureteral stents manufacturing companies 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. Some of the key players influencing the ureteral stents market are Boston Scientific Corporation, Cook, Pnn Medical A/S, C. R. Bard, Inc., Applied Medical Resources Corporation, CIA Medical, Olympus America, B. Braun Melsungen AG, Red Leaf Medical, and SURGIMEDIK.
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.
Speak to Analyst- 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.
1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. URETERAL STENTS MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Ureteral Stents Market - By Product
3.2.2. Ureteral Stents Market - By Application
3.2.3. Ureteral Stents Market - By End User
3.2.4. Ureteral Stents Market - By Region
3.2.4.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. URETERAL STENTS MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. URETERAL STENTS MARKET - GLOBAL ANALYSIS
5.1. GLOBAL URETERAL STENTS MARKET OVERVIEW
5.2. GLOBAL URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. MARKET POSITIONING/MARKET SHARE
5.4. PERFORMANCE OF KEY PLAYERS
5.5. EXPERT OPINIONS
6. URETERAL STENTS MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. EXPANDABLE STENTS MARKET
7.3.1. Overview
7.3.2. Expandable Stents Market Revenue Forecasts and Analysis (US$ Mn)
7.4. DOUBLE PIGTAIL STENTS MARKET
7.4.1. Overview
7.4.2. Double Pigtail Stents Market Revenue Forecasts and Analysis (US$ Mn)
7.5. OTHERS MARKET
7.5.1. Overview
7.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
8. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. KIDNEY STONES MARKET
8.3.1. Overview
8.3.2. Kidney Stones Market Revenue Forecasts and Analysis (US$ Mn)
8.4. KIDNEY FAILURE MARKET
8.4.1. Overview
8.4.2. Kidney Failure Market Revenue Forecasts and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
9.1. OVERVIEW
9.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
9.3. HOSPITALS & CLINICS MARKET
9.3.1. Overview
9.3.2. Hospitals & Clinics Market Revenue Forecasts and Analysis (US$ Mn)
9.4. AMBULATORY SURGICAL CENTERS MARKET
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Revenue Forecasts and Analysis (US$ Mn)
9.5. DIALYIS CENTERS MARKET
9.5.1. Overview
9.5.2. Dialysis Centers Market Revenue Forecasts and Analysis (US$ Mn)
10. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. NORTH AMERICA URETERAL STENTS MARKET OVERVIEW
10.2. NORTH AMERICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
10.4. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
10.5. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
10.6. NORTH AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.7. US MARKET OVERVIEW
10.7.1. US Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.7.2. US Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.7.3. US Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8. CANADA MARKET OVERVIEW
10.8.1. Canada Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.8.2. Canada Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.8.3. Canada Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.9. MEXICO MARKET OVERVIEW
10.9.1. Mexico Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.9.2. Mexico Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.9.3. Mexico Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. EUROPE URETERAL STENTS MARKET OVERVIEW
11.2. EUROPE URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
11.4. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
11.5. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
11.6. EUROPE URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.7. UK MARKET OVERVIEW
11.7.1. UK Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.7.2. UK Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.7.3. UK Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8. GERMANY MARKET OVERVIEW
11.8.1. Germany Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.8.2. Germany Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.8.3. Germany Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.9. FRANCE MARKET OVERVIEW
11.9.1. France Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.9.2. France Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.9.3. France Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. ASIA PACIFIC URETERAL STENTS MARKET OVERVIEW
12.2. ASIA PACIFIC URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
12.4. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
12.5. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
12.6. ASIA PACIFIC URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.7. JAPAN MARKET OVERVIEW
12.7.1. Japan Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.7.2. Japan Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.7.3. Japan Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8. CHINA MARKET OVERVIEW
12.8.1. China Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.8.2. China Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.8.3. China Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.9. INDIA MARKET OVERVIEW
12.9.1. India Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.9.2. India Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.9.3. India Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. MIDDLE EAST AND AFRICA (MEA) URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET OVERVIEW
13.2. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
13.4. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
13.5. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
13.6. MIDDLE EAST AND AFRICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.7. SOUTH AFRICA MARKET OVERVIEW
13.7.1. South Africa Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.7.2. South Africa Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.7.3. South Africa Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.8. SAUDI ARABIA MARKET OVERVIEW
13.8.1. Saudi Arabia Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.8.2. Saudi Arabia Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.8.3. Saudi Arabia Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.9. UAE MARKET OVERVIEW
13.9.1. UAE Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.9.2. UAE Ureteral Stents Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.9.3. UAE Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
14.1. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET OVERVIEW
14.2. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
14.3. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
14.4. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
14.5. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
14.6. SOUTH AND CENTRAL AMERICA URETERAL STENTS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
14.7. BRAZIL MARKET OVERVIEW
14.7.1. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By Product (US$ Mn)
14.7.2. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By Application (US$ Mn)
14.7.3. Brazil Ureteral Stents Market Revenue Forecasts and Analysis - By End User (US$ Mn)
15. INDUSTRY LANDSCAPE
15.1. ORGANIC GROWTH STRATEGIES
15.1.1. New Product Launches
15.1.2. Marketing & Promotional Activities
15.2. INORGANIC GROWTH STRATEGIES
15.2.1. Partnerships, Collaborations, and Joint Ventures
15.2.2. Mergers & Acquisitions
16. URETERAL STENTS MARKET, KEY COMPANY PROFILES
16.1. BOSTON SCIENTIFIC CORPORATION
16.1.1. Key Facts
16.1.2. Business Description
16.1.3. Financial Overview
16.1.4. Product Portfolio
16.1.5. Product Pipeline
16.1.6. SWOT Analysis
16.1.7. Key Developments
16.2. COOK
16.2.1. Key Facts
16.2.2. Business Description
16.2.3. Financial Overview
16.2.4. Product Portfolio
16.2.5. Product Pipeline
16.2.6. SWOT Analysis
16.2.7. Key Developments
16.3. PNN MEDICAL A/S
16.3.1. Key Facts
16.3.2. Business Description
16.3.3. Financial Overview
16.3.4. Product Portfolio
16.3.5. Product Portfolio
16.3.6. SWOT Analysis
16.3.7. Key Developments
16.4. C. R. BARD, INC
16.4.1. Key Facts
16.4.2. Business Description
16.4.3. Financial Overview
16.4.4. Product Portfolio
16.4.5. Product Pipeline
16.4.6. SWOT Analysis
16.4.7. Key Developments
16.5. APPLIED MEDICAL RESOURCES CORPORATION
16.5.1. Key Facts
16.5.2. Business Description
16.5.3. Financial Overview
16.5.4. Product Portfolio
16.5.5. Product Portfolio
16.5.6. SWOT Analysis
16.5.7. Key Developments
16.6. CIA MEDICAL
16.6.1. Business Description
16.6.2. Financial Overview
16.6.3. Product Portfolio
16.6.4. Product Pipeline
16.6.5. SWOT Analysis
16.6.6. Key Developments
16.7. OLYMPUS AMERICA
16.7.1. Key Facts
16.7.2. Business Description
16.7.3. Financial Overview
16.7.4. Product Portfolio
16.7.5. Product Pipeline
16.7.6. SWOT Analysis
16.7.7. Key Developments
16.8. B. BRAUN MELSUNGEN AG
16.8.1. Key Facts
16.8.2. Business Description
16.8.3. Financial Overview
16.8.4. Product Portfolio
16.8.5. Product Pipeline
16.8.6. SWOT Analysis
16.8.7. Key Developments
16.9. RED LEAF MEDICAL
16.9.1. Key Facts
16.9.2. Business Description
16.9.3. Financial Overview
16.9.4. Product Portfolio
16.9.5. Product Pipeline
16.9.6. SWOT Analysis
16.9.7. Key Developments
16.10. SURGIMEDIK
16.10.1. Key Facts
16.10.2. Business Description
16.10.3. Financial Overview
16.10.4. Product Portfolio
16.10.5. Product Pipeline
16.10.6. SWOT Analysis
16.10.7. Key Developments
17. APPENDIX
17.1. ABOUT THE INSIGHT PARTNERS
17.2. GLOSSARY OF TERMS
17.3. RESEARCH METHODOLOGY
1. Boston Scientific Corporation
2. Cook
3. Pnn Medical A/S
4. C. R. Bard, Inc.
5. Applied Medical Resources Corporation
6. CIA Medical
7. Olympus America
8. B. Braun Melsungen AG
9. Red Leaf Medical
10. SURGIMEDIK
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.