Global Needle-Free Drug Delivery Devices Market by Technology (Jet Injectors, Inhaler, Transdermal Patch, Novel Needle Free), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

  • Publish Date: Mar, 2019
  • Report ID: 376045
  • Category: Medical Devices
  • Pages: 0
$4700

Global needle-free drug delivery devices market is expected to reach USD 7.62 Billion in 2017 to USD 19.35 Billion by 2025 at a CAGR of 11.60% from 2018 to 2025. Rising diabetic patient’s pool and demand for painless alternatives are motivating the growth. In addition to this, to reduce the risk of needle born infections is also driving market progression.

Market Overview:

Needle-free devices provide painless delivery and reduce the risk of infection. Increase in some diabetic patients is likely to stimulate the demand of these devices. Rising pressure to reduce the rate of infectious diseases such as hepatitis, dengue fever, neurological disorders, and AIDS is deriving the demand of products. According to the Centers for Disease Control and Prevention (CDC), about 47,352 individuals were diagnosed with HIV infection, of which 3,096 individuals were attributed to the injection drug use (IDU) in 2015. In addition to this, the surge in the demand of pain-free and self-administration products are playing a chief role in driving the market. For instance, in 2015, Zogenix introduced DosePro, which is needle-free, prefilled, single-use medication transportation technology.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The needle-free drug delivery devices market is analyzed by value (USD Billion).
  • The study delivers a comprehensive analysis of global needle-free drug delivery devices market by technology, application, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global needle-free drug delivery devices market. This report incorporates the industry analysis which is focused on providing an extensive view of the Needle-free drug delivery devices market.
  • The study also includes attractiveness analysis of product and technology, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the needle-free drug delivery devices market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

 

Market Dynamics: 

Drivers:

  • Increasing incidences of infectious diseases
  • Rising need for self-administration of the drug
  • Introduction of technologically advanced needle-free drug delivery devices
  • High demand for pain-free delivery

Restraints:

  • The high cost of needle-free technology
  • Issues associated with the reimbursement procedures

Opportunities:

  • High demand from emerging markets
  • Increased demand for personalized medicine

Challenges:

  • Lack of skilled professionals

Global Needle-free drug delivery devices Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The needle-free drug delivery devices market is segmented by technology and application.

  • The technology segment is classified into jet injectors, inhaler, transdermal patch, novel needle-free. The jet injectors segment dominated the market and was valued at around USD 2.90 billion in 2017. The benefits of jet injector include faster drug delivery into bloodstream and insulin distribution over a larger area in the lower layer of skin.
  • Application segment includes vaccine delivery, pain management, insulin delivery for diabetes, pediatric injectors and others. Insulin delivery was the most prominent application segment and held the largest market share of around 36.27% in 2017. The growth of the segment is due to the rising incidence of diabetes and the increasing shift towards unhealthy lifestyle habits.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region dominated the global needle-free drug delivery devices market and held the largest market share of around 48.07% in 2017 whereas the Asia Pacific is expected to attain lucrative growth in the forecast period.

  • North America dominated the market owing to the presence of well-developed healthcare facilities and extensive R&D expenditure by government organizations and pharmaceutical companies for diabetes and chronic pain management.
  • The Asia Pacific is anticipated to witness lucrative growth in the forecast period due to the rising prevalence of diabetes in developing countries. For instance, the International Diabetes Federation stated, India had about 7.2 billion individuals suffering from diabetes and China had about 11.4 billion individuals suffering from diabetes in 2017.

Global Needle-free drug delivery devices Market Competitive Analysis:

Key players in the needle-free drug delivery devices market are Injex Pharma AG, Antares Pharma, 3M, Pharmajet, Zonenix, Inovio Pharmaceuticals, Inc., Penjet, Valeritas, Inc., Endo Pharmaceuticals Inc., Akra Dermojet., D'Antonio Consultants International Inc., and others. Injex Pharma AG, Antares Pharma, 3M are top market players. For instance, in October 2017, Antares Pharma and Ferring Pharmaceuticals signed an agreement. In this agreement, Ferring Pharmaceuticals received fixed assets from Antares and rights to sell ZOMAJET, which is a needle-free auto-injector globally.

This study forecasts revenue at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Needle-free drug delivery devices market by below-mentioned segments:

Global Needle-free drug delivery devices Market, By Technology:

  • Jet Injectors
  • Inhaler technology
  • Transdermal Patch Technology
  • Novel Needle-Free Technologies

Global Needle-free drug delivery devices Market, By Application:

  • Vaccine Delivery
  • Pain Management
  • Insulin Delivery
  • Pediatric Injections
  • Others

Global Needle-free drug delivery devices Market, By Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of The Middle East and Africa

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1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by technology
        4.3.2. Market attractiveness analysis by application
        4.3.3. Market attractiveness analysis by region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Increasing Incidences of Infectious Diseases
        5.2.2. Rising Need of Self-Administration of the Drug
        5.2.3. Introduction of Technologically Advanced Needle-Free Drug Delivery Devices
        5.2.4. High Demand for Pain-Free Delivery
   5.3. Restraints
        5.3.1. High Cost of Needle-Free Technology
        5.3.2. Issues Associated with the Reimbursement Procedures
   5.4. Opportunities
        5.4.1. High Demand from Emerging Markets
        5.4.2. Increased Demand for Personalized Medicine
   5.5. Challenges
        5.5.1. Lack of Skilled Professionals

6. Global Needle-Free Drug Delivery Devices Market Analysis and Forecast, By Technology
   6.1. Segment Overview
   6.2. Jet Injectors
   6.3. Inhaler technology
   6.4. Transdermal Patch Technology
   6.5. Novel Needle-Free Technologies

7. Global Needle-Free Drug Delivery Devices Market Analysis and Forecast, By Application
   7.1. Segment Overview
   7.2. Vaccine Delivery
   7.3. Pain Management
   7.4. Insulin Delivery
   7.5. Pediatric Injections
   7.6. Others

8. Global Needle-Free Drug Delivery Devices Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Needle-Free Drug Delivery Devices Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Needle-Free Drug Delivery Devices Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Injex Pharma AG
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Antares Pharma
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. 3M
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Pharmajet
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Zonenix
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. Inovio Pharmaceuticals, Inc.
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Penjet
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Valeritas, Inc.
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Endo Pharmaceuticals Inc.
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Akra Dermojet
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Cardinal Health, Inc.
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. D'Antonio Consultants International Inc.
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. Ferring Pharmaceuticals
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. Inolife Sciences
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Mystic Pharmaceuticals
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis


List of Table
1. Global Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
2. Global  Jet Injectors Needle-Free Drug Delivery Devices Market, By Region, 2015–2025 (USD Billion) 
3. Global Inhaler technology Needle-Free Drug Delivery Devices  Market, By Region, 2015–2025 (USD Billion) 
4. Global Transdermal Patch Technology Needle-Free Drug Delivery Devices  Market, By Region, 2015–2025 (USD Billion)
5. Global Novel Needle-Free Technologies Needle-Free Drug Delivery Devices  Market, By Region, 2015–2025 (USD Billion)
6. Global Needle-Free Drug Delivery Devices  Market, By Application, 2015–2025 (USD Billion)
7. Global Vaccine Delivery Needle-Free Drug Delivery Devices  Market, By Region, 2015–2025 (USD Billion)
8. Global Pain Management Needle-Free Drug Delivery Devices Market, By Region, 2015–2025 (USD Billion)
9. Global Insulin Delivery Needle-Free Drug Delivery Devices Market, By Region, 2015–2025 (USD Billion)
10. Global Pediatric Injections Needle-Free Drug Delivery Devices Market, By Region, 2015–2025 (USD Billion)
11. Global  Others Needle-Free Drug Delivery Devices Market, By Region, 2015–2025 (USD Billion) 
12. Global Needle-Free Drug Delivery Devices  Market, By Region, 2015–2025 (USD Billion) 
13. North America Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
14. North America Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
15. U.S. Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
16. U.S. Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
17. Canada Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
18. Canada Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
19. Mexico Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
20. Mexico Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
21. Europe Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
22. Europe Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
23. Germany Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
24. Germany Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
25. France Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
26. France Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
27. Sweden Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
28. Sweden Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
29. Netherlands Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
30. Netherlands Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
31. Netherlands Needle-Free Drug Delivery Devices Market, By End User, 2015–2025 (USD Billion) 
32. U.K. Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
33. U.K. Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
34. Italy Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
35. Italy Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
36. Spain Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
37. Spain Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
38. Turkey Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
39. Turkey Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
40. Switzerland Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
41. Switzerland Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
42. Belgium Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
43. Belgium Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
44. Asia Pacific Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
45. Asia Pacific Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
46. Japan Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
47. Japan Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
48. China Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
49. China Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
50. India Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
51. India Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
52. South Korea Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
53. South Korea Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
54. Australia Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
55. Australia Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
56. Singapore Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
57. Singapore Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
58. Malaysia Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
59. Malaysia Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
60. Thailand Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
61. Thailand Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
62. Indonesia Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
63. Indonesia Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
64. Philippines Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
65. Philippines Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
66. South America Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
67. South America Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
68. Brazil Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
69. Brazil Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
70. Argentina Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
71. Argentina Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
72. Colombia Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
73. Colombia Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
74. Middle East and Africa Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
75. Middle East and Africa Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
76. Saudi Arabia Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
77. Saudi Arabia Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
78. UAE Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
79. UAE Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
80. Egypt Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
81. Egypt Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
82. Nigeria Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
83. Nigeria Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 
84. South Africa Needle-Free Drug Delivery Devices Market, By Technology, 2015–2025 (USD Billion) 
85. South Africa Needle-Free Drug Delivery Devices Market, By Application, 2015–2025 (USD Billion) 

List of Figures 
1. Global Needle-Free Drug Delivery Devices  Market Segmentation
2. Needle-Free Drug Delivery Devices  Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis 
7. Value Chain Analysis 
8. Global Needle-Free Drug Delivery Devices Market attractiveness analysis by Technology
9. Global Needle-Free Drug Delivery Devices Market attractiveness analysis by Application
10. Global Needle-Free Drug Delivery Devices Market attractiveness analysis by Region
11. Global Needle-Free Drug Delivery Devices Market: Dynamics
12. Global Needle-Free Drug Delivery Devices Market Share by Technology (2017 & 2025)
13. Global Needle-Free Drug Delivery Devices Market Share by Application (2017 & 2025)
14. Global Needle-Free Drug Delivery Devices Market Share by Regions (2017 & 2025)
15. Global Needle-Free Drug Delivery Devices Market Share by Company (2018)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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