The Veterinary Orthopedic Treatment Market is expected to register a CAGR of 8.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Veterinary Orthopedic Treatment Market report covers analysis by Procedure (Cruciate Ligament Tear, Patellar Luxation, Hip Dysplasia, Elbow Dysplasia, Bone Fractures, Osteoarthritis Management); Animal Type (Dog, Cat, Other), and Geography (North America, Europe, Asia Pacific, and South and Central America). The global analysis is further broken-down at regional level and major countries. The report Offers the Value in US$ for the above analysis and segments.
Purpose of the ReportThe report Veterinary Orthopedic Treatment 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.
Veterinary Orthopedic Treatment Market Segmentation
Procedure- Cruciate Ligament Tear
- Patellar Luxation
- Hip Dysplasia
- Elbow Dysplasia
- Bone Fractures
- Osteoarthritis Management
- Dog
- Cat
Strategic Insights
Veterinary Orthopedic Treatment Market Growth Drivers- Increased pet adoption and humanization of pets: The growing trend of pet adoption and humanization of pets is a significant driver for the veterinary orthopedic treatment market. Pets are increasingly viewed as family members, leading to higher spending on their healthcare needs. In June 2024, Viticus Group and Movora (Vimian) collaborated to provide hands-on veterinary orthopedic training on the East Coast, particularly at the Movora Education Center in Boston. This partnership provides additional continuing education options in veterinary orthopedics with a focus on advanced fracture repair techniques for veterinary professionals. As pet owners become more willing to invest in advanced treatments for their pets, the demand for veterinary orthopedic treatments, including surgeries, joint replacements, and rehabilitation therapies, has grown significantly.
- Ageing population in pets: Advances in veterinary care make pets live longer, and thus, the aged pet population has become one of the driving forces for the orthopedic treatment market. Large breeds are more prone to age-related conditions such as arthritis, hip dysplasia, and degenerative joint disease. In September 2024, Colorado State University scientists unveiled new research initiatives to study the orthopedic treatment of horses. Thus, there is a need for joint support and orthopedic treatments in both surgical and non-surgical manners.
- Advancements in veterinary orthopedics: Recent technological advancements in veterinary orthopedics, which include minimally invasive surgeries, robotics, and new materials for implants, have improved the efficacy of treatments available for animals. In October 2024, VCA Animal Hospitals established a different lab with the addition of 3D printing capabilities solely for pet orthopedic surgeries. These innovations made surgeries safer and reduced recovery time, thereby contributing to the increase in demand for orthopedic treatments for pets.
- Minimally invasive surgeries: Minimally invasive orthopedic surgeries are gaining popularity in veterinary medicine due to their advantages, such as smaller incisions, reduced pain, quicker recovery times, and lower risk of infection. Techniques such as arthroscopy, laparoscopy, and joint arthroplasty are increasingly being adopted for treating various orthopedic conditions in pets, which is driving the market.
- Growth of regenerative medicine and stem cell therapies: Regenerative medicine includes stem cell therapy, platelet-rich plasma injections, and tissue engineering. Veterinary orthopedics is increasingly shifting towards these therapeutic interventions that replace damaged tissues and regenerate cartilage to improve the function of a joint without surgery. As these treatment options become increasingly available and result in effective outcomes, there is a potential trend in veterinary orthopedic treatment.
- Rise in postoperative rehabilitation: the veterinary orthopedic market is increasingly focused on post-surgery rehabilitation for pets. Physical therapy, hydrotherapy, and other rehabilitation techniques are becoming essential components of the treatment process. These therapies help pets recover faster, improve mobility, and prevent complications, making post-surgery rehabilitation a key aspect of the orthopedic treatment process.
- Increased demand for pet insurance: The increasing uptake of pet insurance, which covers a wide range of veterinary treatments, including orthopedic care, is a key opportunity in the market. As more pet owners invest in insurance policies to help cover the costs of expensive treatments such as surgeries and rehabilitation, the demand for orthopedic treatments is likely to increase. Advanced treatment plans become more cost-effective for the pet owner because of pet insurance, thus stimulating the veterinary orthopedic market.
- joint health supplements and preventive treatments: There is a new market opportunity for joint health supplements and preventive treatments to manage or prevent orthopedic conditions in pets, particularly in senior animals or those that are prone to conditions such as arthritis or hip dysplasia. Increasingly, products like glucosamine, chondroitin, omega-3 fatty acids, and other nutraceuticals are being used to support joint health, thereby providing a complement to traditional orthopedic treatments and increasing demand.
- Innovation in implantable devices and prosthetics: Orthopedic implant advancements and prosthetics along with other pet-related medical equipment form one of the more promising areas for the veterinary orthopedic treatment market. Biocompatible alloys and more importantly 3D printed prosthetics are the newer material forms being utilized that help upgrade the quality of the implantation along with making the whole implanting procedure even more effective. In October 2024, vets at Johnson Family Equine Hospital used a 3D-printed device to help them complete difficult arthrodesis deformity surgery on a horse. Further innovation and advancements are sure to widen treatment possibilities in pet animals affected with critical orthopedic problems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Veterinary Orthopedic Treatment 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 Veterinary Orthopedic Treatment 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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- 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
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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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to country scope.
Frequently Asked Questions
The major factors driving the Veterinary Orthopedic Treatment Market are Increased pet adoption and humanization of pets, Ageing population in pets, and Advancements in veterinary orthopedics
The key future trends of the market are Minimally invasive surgeries, Growth of regenerative medicine and stem cell therapies, and Rise in postoperative rehabilitation
The leading players operating in the Veterinary Orthopedic Treatment Market include Allandalevet, Kyon Pharma, Inc., Everost Inc., Biomedtrix, LLC, Scil Animal Care Company GmbH, Rita Leibinger, B. Braun Melsungen Ag, Depuy Synthes, Intrauma S.P.A.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Veterinary Orthopedic Treatment Market - By Procedure
1.3.2 Veterinary Orthopedic Treatment Market - By Animal Type
1.3.3 Veterinary Orthopedic Treatment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VETERINARY ORTHOPEDIC TREATMENT 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. VETERINARY ORTHOPEDIC TREATMENT 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. VETERINARY ORTHOPEDIC TREATMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. VETERINARY ORTHOPEDIC TREATMENT - GLOBAL MARKET OVERVIEW
6.2. VETERINARY ORTHOPEDIC TREATMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VETERINARY ORTHOPEDIC TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - PROCEDURE
7.1. OVERVIEW
7.2. PROCEDURE MARKET FORECASTS AND ANALYSIS
7.3. CRUCIATE LIGAMENT TEAR
7.3.1. Overview
7.3.2. Cruciate Ligament Tear Market Forecast and Analysis
7.4. PATELLAR LUXATION
7.4.1. Overview
7.4.2. Patellar Luxation Market Forecast and Analysis
7.5. HIP DYSPLASIA
7.5.1. Overview
7.5.2. Hip Dysplasia Market Forecast and Analysis
7.6. ELBOW DYSPLASIA
7.6.1. Overview
7.6.2. Elbow Dysplasia Market Forecast and Analysis
7.7. BONE FRACTURES
7.7.1. Overview
7.7.2. Bone Fractures Market Forecast and Analysis
7.8. OSTEOARTHRITIS MANAGEMENT
7.8.1. Overview
7.8.2. Osteoarthritis Management Market Forecast and Analysis
8. VETERINARY ORTHOPEDIC TREATMENT MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
8.1. OVERVIEW
8.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. DOG
8.3.1. Overview
8.3.2. Dog Market Forecast and Analysis
8.4. CAT
8.4.1. Overview
8.4.2. Cat Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. VETERINARY ORTHOPEDIC TREATMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Veterinary Orthopedic Treatment Market Overview
9.1.2 North America Veterinary Orthopedic Treatment Market Forecasts and Analysis
9.1.3 North America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Procedure
9.1.4 North America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Animal Type
9.1.5 North America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Veterinary Orthopedic Treatment Market
9.1.5.1.1 United States Veterinary Orthopedic Treatment Market by Procedure
9.1.5.1.2 United States Veterinary Orthopedic Treatment Market by Animal Type
9.1.5.2 Canada Veterinary Orthopedic Treatment Market
9.1.5.2.1 Canada Veterinary Orthopedic Treatment Market by Procedure
9.1.5.2.2 Canada Veterinary Orthopedic Treatment Market by Animal Type
9.1.5.3 Mexico Veterinary Orthopedic Treatment Market
9.1.5.3.1 Mexico Veterinary Orthopedic Treatment Market by Procedure
9.1.5.3.2 Mexico Veterinary Orthopedic Treatment Market by Animal Type
9.2. EUROPE
9.2.1 Europe Veterinary Orthopedic Treatment Market Overview
9.2.2 Europe Veterinary Orthopedic Treatment Market Forecasts and Analysis
9.2.3 Europe Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Procedure
9.2.4 Europe Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Animal Type
9.2.5 Europe Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Veterinary Orthopedic Treatment Market
9.2.5.1.1 Germany Veterinary Orthopedic Treatment Market by Procedure
9.2.5.1.2 Germany Veterinary Orthopedic Treatment Market by Animal Type
9.2.5.2 France Veterinary Orthopedic Treatment Market
9.2.5.2.1 France Veterinary Orthopedic Treatment Market by Procedure
9.2.5.2.2 France Veterinary Orthopedic Treatment Market by Animal Type
9.2.5.3 Italy Veterinary Orthopedic Treatment Market
9.2.5.3.1 Italy Veterinary Orthopedic Treatment Market by Procedure
9.2.5.3.2 Italy Veterinary Orthopedic Treatment Market by Animal Type
9.2.5.4 Spain Veterinary Orthopedic Treatment Market
9.2.5.4.1 Spain Veterinary Orthopedic Treatment Market by Procedure
9.2.5.4.2 Spain Veterinary Orthopedic Treatment Market by Animal Type
9.2.5.5 United Kingdom Veterinary Orthopedic Treatment Market
9.2.5.5.1 United Kingdom Veterinary Orthopedic Treatment Market by Procedure
9.2.5.5.2 United Kingdom Veterinary Orthopedic Treatment Market by Animal Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Veterinary Orthopedic Treatment Market Overview
9.3.2 Asia-Pacific Veterinary Orthopedic Treatment Market Forecasts and Analysis
9.3.3 Asia-Pacific Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Procedure
9.3.4 Asia-Pacific Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Animal Type
9.3.5 Asia-Pacific Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Veterinary Orthopedic Treatment Market
9.3.5.1.1 Australia Veterinary Orthopedic Treatment Market by Procedure
9.3.5.1.2 Australia Veterinary Orthopedic Treatment Market by Animal Type
9.3.5.2 China Veterinary Orthopedic Treatment Market
9.3.5.2.1 China Veterinary Orthopedic Treatment Market by Procedure
9.3.5.2.2 China Veterinary Orthopedic Treatment Market by Animal Type
9.3.5.3 India Veterinary Orthopedic Treatment Market
9.3.5.3.1 India Veterinary Orthopedic Treatment Market by Procedure
9.3.5.3.2 India Veterinary Orthopedic Treatment Market by Animal Type
9.3.5.4 Japan Veterinary Orthopedic Treatment Market
9.3.5.4.1 Japan Veterinary Orthopedic Treatment Market by Procedure
9.3.5.4.2 Japan Veterinary Orthopedic Treatment Market by Animal Type
9.3.5.5 South Korea Veterinary Orthopedic Treatment Market
9.3.5.5.1 South Korea Veterinary Orthopedic Treatment Market by Procedure
9.3.5.5.2 South Korea Veterinary Orthopedic Treatment Market by Animal Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Veterinary Orthopedic Treatment Market Overview
9.4.2 Middle East and Africa Veterinary Orthopedic Treatment Market Forecasts and Analysis
9.4.3 Middle East and Africa Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Procedure
9.4.4 Middle East and Africa Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Animal Type
9.4.5 Middle East and Africa Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Veterinary Orthopedic Treatment Market
9.4.5.1.1 South Africa Veterinary Orthopedic Treatment Market by Procedure
9.4.5.1.2 South Africa Veterinary Orthopedic Treatment Market by Animal Type
9.4.5.2 Saudi Arabia Veterinary Orthopedic Treatment Market
9.4.5.2.1 Saudi Arabia Veterinary Orthopedic Treatment Market by Procedure
9.4.5.2.2 Saudi Arabia Veterinary Orthopedic Treatment Market by Animal Type
9.4.5.3 U.A.E Veterinary Orthopedic Treatment Market
9.4.5.3.1 U.A.E Veterinary Orthopedic Treatment Market by Procedure
9.4.5.3.2 U.A.E Veterinary Orthopedic Treatment Market by Animal Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Veterinary Orthopedic Treatment Market Overview
9.5.2 South and Central America Veterinary Orthopedic Treatment Market Forecasts and Analysis
9.5.3 South and Central America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Procedure
9.5.4 South and Central America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Animal Type
9.5.5 South and Central America Veterinary Orthopedic Treatment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Veterinary Orthopedic Treatment Market
9.5.5.1.1 Brazil Veterinary Orthopedic Treatment Market by Procedure
9.5.5.1.2 Brazil Veterinary Orthopedic Treatment Market by Animal Type
9.5.5.2 Argentina Veterinary Orthopedic Treatment Market
9.5.5.2.1 Argentina Veterinary Orthopedic Treatment Market by Procedure
9.5.5.2.2 Argentina Veterinary Orthopedic Treatment Market by Animal Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VETERINARY ORTHOPEDIC TREATMENT MARKET, KEY COMPANY PROFILES
11.1. ALLANDALEVET
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KYON PHARMA, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EVEROST INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BIOMEDTRIX, LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SCIL ANIMAL CARE COMPANY GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RITA LEIBINGER.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. B. BRAUN MELSUNGEN AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DEPUY SYNTHES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INTRAUMA S.P.A.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SURGICAL HOLDINGS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allandalevet
2. Kyon Pharma, Inc.
3. Everost Inc.
4. Biomedtrix, LLC
5. Scil Animal Care Company GmbH
6. Rita Leibinger
7. B. Braun Melsungen Ag
8. Depuy Synthes
9. Intrauma S.P.A
10. Surgical Holdings
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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