Warfarin Market Challenges, Drivers, Trends and Forecast by 2031

Coverage: Warfarin Market covers analysis By Route of Administration (Oral Warfarin, and Intravenous Warfarin); Application (Atrial Fibrillation and Heart Attack, Stroke, Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE), and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00023279
  • Category : Life Sciences
  • No. of Pages : 150
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Warfarin Market Forecast (2024-2031)

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The Warfarin Market is expected to register a CAGR of 3.7% 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 Route of Administration (Oral Warfarin, and Intravenous Warfarin). The report is segmented by Application (Atrial Fibrillation and Heart Attack, Stroke, Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE), and Others). 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 Warfarin 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.

Warfarin Market Segmentation

Route of Administration
  • Oral Warfarin
  • Intravenous Warfarin
Application
  • Atrial Fibrillation and Heart Attack
  • Stroke
  • Deep Vein Thrombosis

Strategic Insights

Warfarin Market Growth Drivers
  • High Prevalence: The growing global burden of cardiovascular diseases such as atrial fibrillation, stroke and deep vein thrombosis (DVT) has continued to promote a continued demand for their anticoagulants such as warfarin. Particularly, atrial fibrillation affects millions of people globally and is one of the leading indications for warfarin therapy. The real need for blood-thinning agents, especially warfarin, has been maintained with the increasing trend in cardiovascular diseases due to age as well as lifestyle habits, such as poor diets and less exercise.
  • Cost-Effectiveness of Warfarin: Warfarin's low cost is one of the most important factors that sustain its use. It is much cheaper than new direct oral anticoagulants (doac) that are more expensive, and it will still be preferred in low-income and developing countries where the health resource allocation is poor. It is quite cheap, so it will remain the mainstay for the health system, trying to run a broad population at risk of thromboembolic events.
  • Well-Established Clinical Guidelines: Warfarin has been in use for several decades and is hence guided by well-established clinical protocols. As for most healthcare providers, they would be very well aware of the dosing regimen for warfarin, and the therapy monitoring by means of INR tests carried out regularly to ensure appropriate anticoagulation. This aspect of familiarity with warfarin management, along with its predictable pharmacokinetics, brings reassurance to both the doctors and patients and thus it continues to be used in clinical settings.
Warfarin Market Future Trends
  • Toward Personalized Medicine: Warfarin is admittedly an established and trusted therapy; however, it is fraught with difficulties, especially with the therapeutic dose for a patient. Personalized medicine is the prescription of drugs according to a person's gene. The dosing of Warfarin is subjected to genetic variations in the above enzymes: CYP2C9 and VKORC1. The most recent trend is genetic testing to specify the dose to be prescribed to individual patients. This approach has so much potential in the future for improving outcomes and reducing damage to such risks.
  • Increased Popularity of accepting Direct Oral Anticoagulants (DOACs): From several years now, there has been continuously upgrading market transitions to newer anticoagulants dabigatran, rivaroxaban, and apixaban, which have unrestricted monitoring but less interacted with food and drugs compared with Warfarin. However, Warfarin still counts due to its good and proven history. This competition has made the market of the Warfarin have to adapt along this line, concentrating more and more on creating patient-friendly treatment and preventing complications associated with monitoring.
  • New Developments in Technology to Monitoring: The World is Improving the Modality for Monitoring Warfarin Therapy. New Innovative Point-of-Care Devices for Monitoring INR Have Decreased Barriers for the Patients to Manage Their Therapy at Home. These Devices Allow Tests to Take Place Much More Often and More Conveniently, Which Is Helpful in Maintaining Therapeutic Levels of Anticoagulation and Decreasing the Risks of Complications Like Bleeding or Clotting. It Advances Safety in Warfarin Therapy and Makes It More Patient-Friendly.
Warfarin Market Opportunities
  • Expanding Market in Emerging Economies: Considerably, expanding markets in emerging economies are likely to see the rise of cardiovascular diseases and an aging population-the markets would offer Warfarin an opportunity. These countries might not have sufficient healthcare budgets to provide for newer anticoagulants. Since Warfarin is affordable, it would be an attractive alternative in such countries. With growing healthcare infrastructure, the market share of Warfarin in these regions will likely grow, especially in Asia, Africa, and Latin America.
  • Improve Patient Adherence: The major challenge with warfarin therapy is to keep patients in line with the prescription. Regular INR monitoring, dietary control, and other modalities prescribed by doctors must all be followed. This area is wide open for the improvement of patient education and development of digital health reminders for patients to take medication, go to a monitoring appointment, and avoid certain foods that might interfere with the effects of Warfarin. Incrementing the adherence improves patient outcomes while relieving health dollars spent toward struggling with costly complications from inadequate therapy.
  • Develop warfarin formulations that have better safety profiles: Although effective, warfarin can have its safety profile improved with a reduction in risk for major bleeding complications. Development of modified formulations of Warfarin would be another avenue. Controlled release versions are just one idea that might yield a blood concentration more stable with less frequent monitoring. Advances in drug-delivery systems would make Warfarin therapy easier and safer for the patients thus leading to higher satisfaction and greater adherence from patients.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Warfarin 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 Warfarin 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
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
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


Which are some of the players operating in the Warfarin market?

Players operating in the market are Aspen Holdings, Bayer AG, Boehringer Ingelheim GmbH, Bristol-Myers Squibb Company, Daiichi Sankyo Company, GlaxoSmithKline plc., Johnson & Johnson (Janssen Pharmaceuticals, Inc.), Pfizer, Inc., Portola Pharmaceuticals, Inc., Sanofi S.A

Which segment accounts for highest revenue by Route of Administration in 2023?

Oral Warfarin segment, by Route of Administration, dominated the market in 2023.

Which region dominated the Warfarin market in 2023?

North America region dominated the Warfarin market in 2023.

What are the factor that act as a opportunity for market growth?

Expanding Market in Emerging Economies act as a opportunity for growth of the market in forecast period.

What is the expected CAGR of the Warfarin Market?

The Warfarin Market is estimated to witness a CAGR of 3.7% from 2023 to 2031

What are the driving factors impacting the Warfarin market?

The major factors driving the Warfarin market are:

1. High Prevalence

2. Cost-Effectiveness of Warfarin

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 Warfarin Market - By Route of Administration
1.3.2 Warfarin Market - By Application
1.3.3 Warfarin Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WARFARIN 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. WARFARIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WARFARIN MARKET - GLOBAL MARKET ANALYSIS
6.1. WARFARIN - GLOBAL MARKET OVERVIEW
6.2. WARFARIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WARFARIN MARKET - REVENUE AND FORECASTS TO 2028 - ROUTE OF ADMINISTRATION
7.1. OVERVIEW
7.2. ROUTE OF ADMINISTRATION MARKET FORECASTS AND ANALYSIS
7.3. ORAL WARFARIN
7.3.1. Overview
7.3.2. Oral Warfarin Market Forecast and Analysis
7.4. INTRAVENOUS WARFARIN
7.4.1. Overview
7.4.2. Intravenous Warfarin Market Forecast and Analysis
8. WARFARIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ATRIAL FIBRILLATION AND HEART ATTACK
8.3.1. Overview
8.3.2. Atrial Fibrillation and Heart Attack Market Forecast and Analysis
8.4. STROKE
8.4.1. Overview
8.4.2. Stroke Market Forecast and Analysis
8.5. DEEP VEIN THROMBOSIS (DVT)
8.5.1. Overview
8.5.2. Deep Vein Thrombosis (DVT) Market Forecast and Analysis
8.6. PULMONARY EMBOLISM (PE)
8.6.1. Overview
8.6.2. Pulmonary Embolism (PE) Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. WARFARIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Warfarin Market Overview
9.1.2 North America Warfarin Market Forecasts and Analysis
9.1.3 North America Warfarin Market Forecasts and Analysis - By Route of Administration
9.1.4 North America Warfarin Market Forecasts and Analysis - By Application
9.1.5 North America Warfarin Market Forecasts and Analysis - By Countries
9.1.5.1 United States Warfarin Market
9.1.5.1.1 United States Warfarin Market by Route of Administration
9.1.5.1.2 United States Warfarin Market by Application
9.1.5.2 Canada Warfarin Market
9.1.5.2.1 Canada Warfarin Market by Route of Administration
9.1.5.2.2 Canada Warfarin Market by Application
9.1.5.3 Mexico Warfarin Market
9.1.5.3.1 Mexico Warfarin Market by Route of Administration
9.1.5.3.2 Mexico Warfarin Market by Application
9.2. EUROPE
9.2.1 Europe Warfarin Market Overview
9.2.2 Europe Warfarin Market Forecasts and Analysis
9.2.3 Europe Warfarin Market Forecasts and Analysis - By Route of Administration
9.2.4 Europe Warfarin Market Forecasts and Analysis - By Application
9.2.5 Europe Warfarin Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Warfarin Market
9.2.5.1.1 Germany Warfarin Market by Route of Administration
9.2.5.1.2 Germany Warfarin Market by Application
9.2.5.2 France Warfarin Market
9.2.5.2.1 France Warfarin Market by Route of Administration
9.2.5.2.2 France Warfarin Market by Application
9.2.5.3 Italy Warfarin Market
9.2.5.3.1 Italy Warfarin Market by Route of Administration
9.2.5.3.2 Italy Warfarin Market by Application
9.2.5.4 United Kingdom Warfarin Market
9.2.5.4.1 United Kingdom Warfarin Market by Route of Administration
9.2.5.4.2 United Kingdom Warfarin Market by Application
9.2.5.5 Rest of Europe Warfarin Market
9.2.5.5.1 Rest of Europe Warfarin Market by Route of Administration
9.2.5.5.2 Rest of Europe Warfarin Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Warfarin Market Overview
9.3.2 Asia-Pacific Warfarin Market Forecasts and Analysis
9.3.3 Asia-Pacific Warfarin Market Forecasts and Analysis - By Route of Administration
9.3.4 Asia-Pacific Warfarin Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Warfarin Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Warfarin Market
9.3.5.1.1 Australia Warfarin Market by Route of Administration
9.3.5.1.2 Australia Warfarin Market by Application
9.3.5.2 China Warfarin Market
9.3.5.2.1 China Warfarin Market by Route of Administration
9.3.5.2.2 China Warfarin Market by Application
9.3.5.3 India Warfarin Market
9.3.5.3.1 India Warfarin Market by Route of Administration
9.3.5.3.2 India Warfarin Market by Application
9.3.5.4 Japan Warfarin Market
9.3.5.4.1 Japan Warfarin Market by Route of Administration
9.3.5.4.2 Japan Warfarin Market by Application
9.3.5.5 South Korea Warfarin Market
9.3.5.5.1 South Korea Warfarin Market by Route of Administration
9.3.5.5.2 South Korea Warfarin Market by Application
9.3.5.6 Rest of Asia-Pacific Warfarin Market
9.3.5.6.1 Rest of Asia-Pacific Warfarin Market by Route of Administration
9.3.5.6.2 Rest of Asia-Pacific Warfarin Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Warfarin Market Overview
9.4.2 Middle East and Africa Warfarin Market Forecasts and Analysis
9.4.3 Middle East and Africa Warfarin Market Forecasts and Analysis - By Route of Administration
9.4.4 Middle East and Africa Warfarin Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Warfarin Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Warfarin Market
9.4.5.1.1 South Africa Warfarin Market by Route of Administration
9.4.5.1.2 South Africa Warfarin Market by Application
9.4.5.2 Saudi Arabia Warfarin Market
9.4.5.2.1 Saudi Arabia Warfarin Market by Route of Administration
9.4.5.2.2 Saudi Arabia Warfarin Market by Application
9.4.5.3 U.A.E Warfarin Market
9.4.5.3.1 U.A.E Warfarin Market by Route of Administration
9.4.5.3.2 U.A.E Warfarin Market by Application
9.4.5.4 Rest of Middle East and Africa Warfarin Market
9.4.5.4.1 Rest of Middle East and Africa Warfarin Market by Route of Administration
9.4.5.4.2 Rest of Middle East and Africa Warfarin Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Warfarin Market Overview
9.5.2 South and Central America Warfarin Market Forecasts and Analysis
9.5.3 South and Central America Warfarin Market Forecasts and Analysis - By Route of Administration
9.5.4 South and Central America Warfarin Market Forecasts and Analysis - By Application
9.5.5 South and Central America Warfarin Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Warfarin Market
9.5.5.1.1 Brazil Warfarin Market by Route of Administration
9.5.5.1.2 Brazil Warfarin Market by Application
9.5.5.2 Argentina Warfarin Market
9.5.5.2.1 Argentina Warfarin Market by Route of Administration
9.5.5.2.2 Argentina Warfarin Market by Application
9.5.5.3 Rest of South and Central America Warfarin Market
9.5.5.3.1 Rest of South and Central America Warfarin Market by Route of Administration
9.5.5.3.2 Rest of South and Central America Warfarin Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL WARFARIN MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. WARFARIN MARKET, KEY COMPANY PROFILES
12.1. ASPEN HOLDINGS
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. BAYER AG
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. BOEHRINGER INGELHEIM GMBH
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. BRISTOL MYERS SQUIBB COMPANY
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. DAIICHI SANKYO COMPANY, LIMITED
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. GLAXOSMITHKLINE PLC.
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. JOHNSON AND JOHNSON (JANSSEN PHARMACEUTICALS, INC.)
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PFIZER, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. PORTOLA PHARMACEUTICALS, 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. SANOFI S.A
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. Aspen Holdings
2. Bayer AG
3. Boehringer Ingelheim GmbH
4. Bristol-Myers Squibb Company
5. Daiichi Sankyo Company, Limited
6. GlaxoSmithKline plc.
7. Johnson & Johnson (Janssen Pharmaceuticals, Inc.)
8. Pfizer, Inc.
9. Portola Pharmaceuticals, Inc.
10. Sanofi S.A

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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