Vial Adaptors Market Statistics, Trends, Size, Share, Analysis, Key Players by 2031

Coverage: Vial Adaptors Market covers analysis by Product Size (13mm, 20mm, Others); Material (Polycarbonate, Silicon, Polyethylene Teraphthalate Glycol, Others); Delivery Mode (Injection, Infusion) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003501
  • Category : Life Sciences
  • No. of Pages : 150
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Vial Adaptors Market Forecast (2024-2031)

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The Vial Adaptors Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.

The report is segmented by Vial Adaptors Market By Product Size (13mm, 20mm, Others); Material (Polycarbonate, Silicon, Polyethylene Teraphthalate Glycol, Others); Delivery Mode (Injection, Infusion) , and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Vial Adaptors 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.

Vial Adaptors Market Segmentation

By Product Size
  • 13mm
  • 20mm
  • Others
Material
  • Polycarbonate
  • Silicon
  • Polyethylene Teraphthalate Glycol
  • Others
Delivery Mode
  • Injection
  • Infusion

Strategic Insights

Vial Adaptors Market Growth Drivers
  • Increasing Prevalence of Chronic Diseases: One of the main factors propelling the vial adaptors market is the increasing prevalence of chronic illnesses including diabetes, cancer, and autoimmune diseases. Effective drug delivery methods, such as vial adaptors for drugs that require reconstitution, are necessary since, according to the International Diabetes Federation, the number of individuals with diabetes is expected to increase from 537 million in 2021 to 643 million by 2030. Similarly, as many chemotherapy treatments are provided in vials, the rising number of cancer patients who require them further increases demand.
  • Growth of Biologics: The necessity for vial adaptors is greatly increased by the growing usage of biologics and specialty drugs, which are frequently packed in vials. These adapters guarantee the effective and safe handling of these items, which are essential for patient treatment plans. Such a factor has aided the overall market growth in the recent past and is expected to follow a similar trend during the forecast period.
  • Enhanced Safety: Vial adaptors reduce the chance of contamination and increase dosing precision, which are essential for maintaining pharmaceutical safety. This is especially crucial in high-risk settings like the manufacture of chemotherapy treatments, where closed-system vial adaptors are necessary to limit exposure to dangerous medications. Additionally, these gadgets' convenience increases patient adherence to treatment regimens.
Vial Adaptors Market Future Trends
  • Research & Development Activities: The market for vial adaptors is anticipated to benefit from increased pharmaceutical R&D activity, especially in the development of sophisticated treatments involving biopharmaceuticals. This expansion is also facilitated by government programs to control infectious diseases, which raise awareness of and make biopharmaceutical goods more accessible. Such a factor has aided the market growth in the recent past and is expected to continue a similar trend during the forecast period.
  • Rise in Aging Population: Another important aspect propelling market expansion is the aging population. Because chronic diseases are more common in older persons, there is a greater need for drugs that need to be reconstitutioned and administered safely. Such a factor has aided the market growth in the recent past and is expected to continue a similar trend during the forecast period.
  • Technologiocal Advancements: Modern healthcare technology is improving product offerings and reaching a wider audience. Examples of these innovations include the creation of more efficient medication delivery systems and materials for vial adaptors (such as recyclable choices). Such a factor has aided the market growth in the recent past and is expected to continue a similar trend during the forecast period.
Vial Adaptors Market Opportunities
  • Innovative Materials: Materials made of polycarbonate are renowned for their exceptional strength and resilience; even under high pressure, polycarbonate is extremely resistant to breaking and deformation. Without losing its integrity, it can tolerate high temperatures. This material is a recommended option in circumstances that require frequent medicine delivery since it is especially well-suited for multi-dose vials that may be accessed several times.
  • Polypropylene Materials: Polypropylene has strong thermal stability, is lightweight, and is resistant to chemicals. It is an eco-friendly choice because it is recyclable as well.
    This substance's compatibility with a variety of drugs and capacity to preserve sterility during transfers make it a popular choice for vial adaptors. Such a factor has aided the market growth in the recent past and is expected to continue a similar trend during the forecast period.
  • Silicone Materials:The biocompatibility and flexibility of silicone are well-known. During the medication transfer procedure, it can form airtight seals that stop contamination and leaks. Elastomeric membranes in vial adaptors frequently contain silicone, which permits numerous withdrawals while maintaining sterility.Such a factor has aided the market growth in the recent past and is expected to continue a similar trend during the forecast period.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vial Adaptors 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 Vial Adaptors 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Vial Adaptors Market?

The Vial Adaptors Market is estimated to witness a CAGR of 7.2% from 2023 to 2031

Which region held the largest share in 2023?

North America held the largest share in 2023 and is expected to retain its dominance during the forecast period

Which material segment held the largest share in 2023?

Polycarbonate segment held the largest share in 2023.

Which country held the second largest share in Europe in 2023?

In Europe, the UK held the second largest share in 2023.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vial Adaptors Market - By Product Size
1.3.2 Vial Adaptors Market - By Material
1.3.3 Vial Adaptors Market - By Delivery Mode
1.3.4 Vial Adaptors Market - By Region
1.3.4.1 By Country

2. KEY TAKEWAYS

3. RESEARCH METHODOLOGY

4. VIAL ADAPTORS 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. VIAL ADAPTORS 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. VIAL ADAPTORS MARKET - GLOBAL MARKET ANALYSIS
6.1. VIAL ADAPTORS - GLOBAL MARKET OVERVIEW
6.2. VIAL ADAPTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. VIAL ADAPTORS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT SIZE
7.1. OVERVIEW
7.2. PRODUCT SIZE MARKET FORECASTS AND ANALYSIS
7.3. 13MM
7.3.1. Overview
7.3.2. 13mm Market Forecast and Analysis
7.4. 20MM
7.4.1. Overview
7.4.2. 20mm Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis

8. VIAL ADAPTORS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. POLYCARBONATE
8.3.1. Overview
8.3.2. Polycarbonate Market Forecast and Analysis
8.4. SILICON
8.4.1. Overview
8.4.2. Silicon Market Forecast and Analysis
8.5. POLYETHYLENE TERAPHTHALATE GLYCOL
8.5.1. Overview
8.5.2. Polyethylene Teraphthalate Glycol Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. VIAL ADAPTORS MARKET - REVENUE AND FORECASTS TO 2028 - DELIVERY MODE
9.1. OVERVIEW
9.2. DELIVERY MODE MARKET FORECASTS AND ANALYSIS
9.3. INJECTION
9.3.1. Overview
9.3.2. Injection Market Forecast and Analysis
9.4. INFUSION
9.4.1. Overview
9.4.2. Infusion Market Forecast and Analysis

10. VIAL ADAPTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Vial Adaptors Market Overview
10.1.2 North America Vial Adaptors Market Forecasts and Analysis
10.1.3 North America Vial Adaptors Market Forecasts and Analysis - By Product Size
10.1.4 North America Vial Adaptors Market Forecasts and Analysis - By Material
10.1.5 North America Vial Adaptors Market Forecasts and Analysis - By Delivery Mode
10.1.6 North America Vial Adaptors Market Forecasts and Analysis - By Countries
10.1.6.1 United States Vial Adaptors Market
10.1.6.1.1 United States Vial Adaptors Market by Product Size
10.1.6.1.2 United States Vial Adaptors Market by Material
10.1.6.1.3 United States Vial Adaptors Market by Delivery Mode
10.1.6.2 Canada Vial Adaptors Market
10.1.6.2.1 Canada Vial Adaptors Market by Product Size
10.1.6.2.2 Canada Vial Adaptors Market by Material
10.1.6.2.3 Canada Vial Adaptors Market by Delivery Mode
10.1.6.3 Mexico Vial Adaptors Market
10.1.6.3.1 Mexico Vial Adaptors Market by Product Size
10.1.6.3.2 Mexico Vial Adaptors Market by Material
10.1.6.3.3 Mexico Vial Adaptors Market by Delivery Mode
10.2. EUROPE
10.2.1 Europe Vial Adaptors Market Overview
10.2.2 Europe Vial Adaptors Market Forecasts and Analysis
10.2.3 Europe Vial Adaptors Market Forecasts and Analysis - By Product Size
10.2.4 Europe Vial Adaptors Market Forecasts and Analysis - By Material
10.2.5 Europe Vial Adaptors Market Forecasts and Analysis - By Delivery Mode
10.2.6 Europe Vial Adaptors Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Vial Adaptors Market
10.2.6.1.1 Germany Vial Adaptors Market by Product Size
10.2.6.1.2 Germany Vial Adaptors Market by Material
10.2.6.1.3 Germany Vial Adaptors Market by Delivery Mode
10.2.6.2 France Vial Adaptors Market
10.2.6.2.1 France Vial Adaptors Market by Product Size
10.2.6.2.2 France Vial Adaptors Market by Material
10.2.6.2.3 France Vial Adaptors Market by Delivery Mode
10.2.6.3 Italy Vial Adaptors Market
10.2.6.3.1 Italy Vial Adaptors Market by Product Size
10.2.6.3.2 Italy Vial Adaptors Market by Material
10.2.6.3.3 Italy Vial Adaptors Market by Delivery Mode
10.2.6.4 Spain Vial Adaptors Market
10.2.6.4.1 Spain Vial Adaptors Market by Product Size
10.2.6.4.2 Spain Vial Adaptors Market by Material
10.2.6.4.3 Spain Vial Adaptors Market by Delivery Mode
10.2.6.5 United Kingdom Vial Adaptors Market
10.2.6.5.1 United Kingdom Vial Adaptors Market by Product Size
10.2.6.5.2 United Kingdom Vial Adaptors Market by Material
10.2.6.5.3 United Kingdom Vial Adaptors Market by Delivery Mode
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Vial Adaptors Market Overview
10.3.2 Asia-Pacific Vial Adaptors Market Forecasts and Analysis
10.3.3 Asia-Pacific Vial Adaptors Market Forecasts and Analysis - By Product Size
10.3.4 Asia-Pacific Vial Adaptors Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Vial Adaptors Market Forecasts and Analysis - By Delivery Mode
10.3.6 Asia-Pacific Vial Adaptors Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Vial Adaptors Market
10.3.6.1.1 Australia Vial Adaptors Market by Product Size
10.3.6.1.2 Australia Vial Adaptors Market by Material
10.3.6.1.3 Australia Vial Adaptors Market by Delivery Mode
10.3.6.2 China Vial Adaptors Market
10.3.6.2.1 China Vial Adaptors Market by Product Size
10.3.6.2.2 China Vial Adaptors Market by Material
10.3.6.2.3 China Vial Adaptors Market by Delivery Mode
10.3.6.3 India Vial Adaptors Market
10.3.6.3.1 India Vial Adaptors Market by Product Size
10.3.6.3.2 India Vial Adaptors Market by Material
10.3.6.3.3 India Vial Adaptors Market by Delivery Mode
10.3.6.4 Japan Vial Adaptors Market
10.3.6.4.1 Japan Vial Adaptors Market by Product Size
10.3.6.4.2 Japan Vial Adaptors Market by Material
10.3.6.4.3 Japan Vial Adaptors Market by Delivery Mode
10.3.6.5 South Korea Vial Adaptors Market
10.3.6.5.1 South Korea Vial Adaptors Market by Product Size
10.3.6.5.2 South Korea Vial Adaptors Market by Material
10.3.6.5.3 South Korea Vial Adaptors Market by Delivery Mode
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Vial Adaptors Market Overview
10.4.2 Middle East and Africa Vial Adaptors Market Forecasts and Analysis
10.4.3 Middle East and Africa Vial Adaptors Market Forecasts and Analysis - By Product Size
10.4.4 Middle East and Africa Vial Adaptors Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Vial Adaptors Market Forecasts and Analysis - By Delivery Mode
10.4.6 Middle East and Africa Vial Adaptors Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Vial Adaptors Market
10.4.6.1.1 South Africa Vial Adaptors Market by Product Size
10.4.6.1.2 South Africa Vial Adaptors Market by Material
10.4.6.1.3 South Africa Vial Adaptors Market by Delivery Mode
10.4.6.2 Saudi Arabia Vial Adaptors Market
10.4.6.2.1 Saudi Arabia Vial Adaptors Market by Product Size
10.4.6.2.2 Saudi Arabia Vial Adaptors Market by Material
10.4.6.2.3 Saudi Arabia Vial Adaptors Market by Delivery Mode
10.4.6.3 U.A.E Vial Adaptors Market
10.4.6.3.1 U.A.E Vial Adaptors Market by Product Size
10.4.6.3.2 U.A.E Vial Adaptors Market by Material
10.4.6.3.3 U.A.E Vial Adaptors Market by Delivery Mode
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Vial Adaptors Market Overview
10.5.2 South and Central America Vial Adaptors Market Forecasts and Analysis
10.5.3 South and Central America Vial Adaptors Market Forecasts and Analysis - By Product Size
10.5.4 South and Central America Vial Adaptors Market Forecasts and Analysis - By Material
10.5.5 South and Central America Vial Adaptors Market Forecasts and Analysis - By Delivery Mode
10.5.6 South and Central America Vial Adaptors Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Vial Adaptors Market
10.5.6.1.1 Brazil Vial Adaptors Market by Product Size
10.5.6.1.2 Brazil Vial Adaptors Market by Material
10.5.6.1.3 Brazil Vial Adaptors Market by Delivery Mode
10.5.6.2 Argentina Vial Adaptors Market
10.5.6.2.1 Argentina Vial Adaptors Market by Product Size
10.5.6.2.2 Argentina Vial Adaptors Market by Material
10.5.6.2.3 Argentina Vial Adaptors Market by Delivery Mode

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. VIAL ADAPTORS MARKET, KEY COMPANY PROFILES
12.1. BAXTER
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. BD
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. CARDINAL HEALTH
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. HELAPET 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. NIPRO PHARMA PACKAGING INTERNATIONAL
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. WEST PHARMACEUTICAL SERVICES, INC.
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. SENSILE MEDICAL AG
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. B. BRAUN MELSUNGEN AG
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. FILTERTEK, 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. Q.I. MEDICAL, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Baxter2. BD3. Cardinal Health4. Helapet Ltd5. Nipro Pharma Packaging International6. West Pharmaceutical Services, Inc.7. Sensile Medical AG8. B. Braun Melsungen AG9. Filtertek, Inc.Q.I. Medical, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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