- +1-315-215-1633
- sales@thebrainyinsights.com
The global peritoneal dialysis market was valued at USD 4.52 billion in 2022, increasing at a CAGR of 5.86% from 2022 to 2030 and anticipated to reach USD 7.13 billion by 2030. North America is expected to grow the fastest during the forecast period. Also, the improved healthcare infrastructure, coupled with supportive government initiatives in developing countries, is helping to drive market growth during the forecast period.
Individuals with stage V or terminal chronic kidney disease, which means those with a glomerular filtration rate <15 mL/min/1.73 ml, will require some treatment to replace renal function. This treatment can contain kidney transplantation or one of the available dialysis modalities: peritoneal dialysis (PD) or hemodialysis (HD). Peritoneal dialysis (PD) is a renal replacement treatment based on infusing a sterile solution into the peritoneal cavity via a catheter and provides for the removal of solutes and water utilising the peritoneal membrane as the exchange surface. Peritoneal dialysis involves the exchange of solutes & water between blood in the peritoneal capillaries & the instilled solution in the peritoneal cavity (dialysate) via a catheter, utilising the peritoneal membrane as the dialysing surface. One of the most significant benefits of peritoneal dialysis is its portability because as the patient or caregiver provides the therapy, there is greater freedom to travel and greater independence from the medical and nursing staff compared to hemodialysis. However, PD should be carried out daily, and the caregiver or patient is entirely responsible for compliance with the prescription & paying attention to their approach to prevent infectious complications. Also, potential metabolic complications and structural changes in the peritoneal membrane can occur over time.
Get an overview of this study by requesting a free sample
The increasing healthcare expenditure: The rise in the number of people suffering from renal disorders, such as kidney failure, caused by cancer, trauma, diabetes, or age is expected to drive market growth. Further, peritoneal dialysis also has several benefits, including lower costs compared to hemodialysis, needle-free therapy, mobility, ease of treatment, and fewer dietary restrictions are helping to propel the market growth. Also, the increasing demand for cost-effective medical equipment, the growing demand for home dialysis treatment, and advancements in healthcare infrastructure are stimulating the market growth during the forecast period.
The lack of skilled professionals: The stringent government regulations for approving PD devices hamper the market growth. Moreover, the increasing incidence of technical failure with peritoneal dialysis and complications such as infection in hernias, abdomen, and blockage of catheters are expected to hinder the market growth over the forecast period. Additionally, the lack of skilled professionals and low acceptance and awareness of using peritoneal dialysis cyclers among the senior population are inhibiting the market growth.
The increase in the number of ESRD patients across the globe: The raised government efforts, technologically advanced goods, and CKD awareness programs are driving the factor of market growth. Furthermore, the shifting inclination of health practitioners toward peritoneal dialysis over haemodialysis, as it assures greater patient mobility at cost-effective prices while making fewer symptom fluctuations, is also helping to drive the market growth. However, the increasing number of patients suffering from kidney failure and the introduction of technologically advanced products, such as low-maintenance dialysis equipment and artificial kidney, propel the market growth. Moreover, high blood pressure & diabetes are the most common chronic disease among the global population, and the shortage of kidneys for transplantation due to stringent rules about kidney transplantation in several countries are anticipated to drive market growth over the upcoming year.
The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. Asia Pacific emerged as the largest global peritoneal dialysis market, with a 47.36% market revenue share in 2022. Asia Pacific dominates the peritoneal dialysis market due to the increase in the frequency of hypertension. Moreover, rising awareness campaigns regarding peritoneal dialysis, along with the presence of unmet healthcare needs, are expected to propel the market growth in this region. North America is expected to grow the fastest during the forecast period due to the rising demand for advanced peritoneal dialysis technology. Moreover, the increased government initiatives, high accessibility to products and services, and the presence of newly-established state-of-the-art healthcare facilities are stimulating market growth in this region. Additionally, innovative product launches by leading manufacturers, mergers and acquisitions, and initiatives by manufacturers propel market growth in this region over the forecast period. Apart from this, the increasing number of patients with chronic renal & kidney diseases is helping to boost the market growth in this region over the forecast period.
Asia Pacific Region Peritoneal Dialysis Market Share in 2022 - 47.36%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
The product type segment is divided into peritoneal dialysis set, peritoneal dialysis solution, catheter, device, and others. The device segment dominated, with a market share of 29.26% in 2022. This growth is attributed to the increasing acceptance of peritoneal cyclers among the elderly. Further, by 2030, the peritoneal dialysis solution segment will likely dominate the market due to the technological advancement in already marketed products. Peritoneal dialysis solution cleans blood out of the body & removes extra fluid particles by using the natural filter present in the body, the peritoneum membrane. Also, the peritoneal dialysis solution presents a more affordable therapy option for the user. Additionally, peritoneal dialysis solutions have some disadvantages due to the need to insert a permanent catheter inside the body and impose the risk of infection.
The treatment type segment is divided into automated peritoneal dialysis (APD) and continuous ambulatory peritoneal dialysis (CAPD). In 2022, the continuous ambulatory peritoneal dialysis (CAPD) segment dominated the market with the largest market share of 58.16% and a market revenue of 2.62 billion. This growth is attributed to the increasing patient population globally. Additionally, the availability of machines by major and other prominent vendors for continuous ambulatory peritoneal dialysis globally stimulates the segment’s market growth. Continuous ambulatory peritoneal dialysis is a common & increasingly used method of renal replacement therapy in end-stage renal failure (ESRF). The main benefits of CAPD are relatively inexpensive, speed & ease of use, absence of need for a highly skilled operator and lack of need for anticoagulation. Further, by 2030, the automated peritoneal dialysis (APD) segment will likely dominate the market due to its benefits, such as flexibility with safety, daytime routine, and convenience.
The end-user segment is divided into dialysis center & hospital-based dialysis, and home-based dialysis. In 2022, the home-based dialysis segment dominated the market, accounting for around 59.14% of global revenue. This growth is attributed to the increasing demand for remote patient management platforms. The rising incidence of chronic kidney diseases, increasing healthcare spending, high disposable income, and government initiatives are also helping to boost the segment’s market growth. Further, by 2030, the dialysis center & hospital-based dialysis segment will likely dominate the market due to the growing patient population suffering from CKD and ESRD.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 4.52 Billion |
| Market size value in 2030 | USD 7.13 Billion |
| CAGR (2022 to 2030) | 5.86% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Key Segments are product type, treatment type, end-user, and regions |
| Regional Segments | The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa. |
As per The Brainy Insights, the size of the peritoneal dialysis market was valued at USD 4.52 billion in 2022 to USD 7.13 billion by 2030.
The global peritoneal dialysis market is growing at a CAGR of 5.86% during the forecast period 2022-2030.
Asia Pacific region emerged as the largest market for peritoneal dialysis.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
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 Product Type
4.3.2. Market Attractiveness Analysis By Treatment Type
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing number of dialysis centers
5.2.2. The rising incidence of Acute Kidney Injury (AKI)
5.2.3. The increasing number of ESRD patients
5.2.4. The growing need for home dialysis treatments
5.3. Restraints
5.3.1. The stringent regulatory policies for the approval & manufacturing of dialysis products
5.3.2. The lack of skilled professionals
5.4. Opportunities
5.4.1. The increase in number of ESRD patients across the globe
5.4.2. The technological advancements and product launches
6. Global Peritoneal Dialysis Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Peritoneal Dialysis Set
6.3. Peritoneal Dialysis Solution
6.4. Catheter
6.5. Device
6.6. Others
7. Global Peritoneal Dialysis Market Analysis and Forecast, By Treatment Type
7.1. Segment Overview
7.2. Automated Peritoneal Dialysis (APD)
7.3. Continuous Ambulatory Peritoneal Dialysis (CAPD)
8. Global Peritoneal Dialysis Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Dialysis Center & Hospital-Based Dialysis
8.3. Home-Based Dialysis
9. Global Peritoneal Dialysis Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Peritoneal Dialysis Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Peritoneal Dialysis Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Fresenius Medical Care AG & Co. KGaA
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Baxter International Inc
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Medionics International, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Renax Biomedical Tech. Co., Ltd.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Cook Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Newsol Technologies Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Medtronic Plc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Terumo Corp.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Poly Medicure Limited
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Utah Medical Products, Inc,
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. ADMS (Atlantic Dialysis Management Services)
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. B.Braun Melsungen AG
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Apollo Dialysis
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. PREMIER DIALYSIS
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Sanderling Healthcare
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. US Renal Care
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Northwest Kidney Centers
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Allmed Medical Care
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
List of Table
1. Global Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
2. Global Peritoneal Dialysis Set, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
3. Global Peritoneal Dialysis Solution, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
4. Global Catheter, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
5. Global Device, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
6. Global Others, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
7. Global Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
8. Global Automated Peritoneal Dialysis (APD), Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
9. Global Continuous Ambulatory Peritoneal Dialysis (CAPD), Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
10. Global Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
11. Global Dialysis Center & Hospital-Based Dialysis, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
12. Global Home-Based Dialysis, Peritoneal Dialysis Market, By Region, 2019-2030 (USD Billion)
13. North America Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
14. North America Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
15. North America Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
16. U.S. Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
17. U.S. Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
18. U.S. Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
19. Canada Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
20. Canada Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
21. Canada Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
22. Mexico Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
23. Mexico Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
24. Mexico Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
25. Europe Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
26. Europe Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
27. Europe Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
28. Germany Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
29. Germany Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
30. Germany Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
31. France Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
32. France Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
33. France Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
34. U.K. Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
35. U.K. Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
36. U.K. Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
37. Italy Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
38. Italy Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
39. Italy Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
40. Spain Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
41. Spain Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
42. Spain Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
43. Asia Pacific Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
44. Asia Pacific Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
45. Asia Pacific Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
46. Japan Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
47. Japan Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
48. Japan Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
49. China Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
50. China Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
51. China Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
52. India Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
53. India Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
54. India Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
55. South America Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
56. South America Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
57. South America Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
58. Brazil Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
59. Brazil Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
60. Brazil Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
61. Middle East and Africa Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
62. Middle East and Africa Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
63. Middle East and Africa Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
64. UAE Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
65. UAE Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
66. UAE Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
67. South Africa Peritoneal Dialysis Market, By Product Type, 2019-2030 (USD Billion)
68. South Africa Peritoneal Dialysis Market, By Treatment Type, 2019-2030 (USD Billion)
69. South Africa Peritoneal Dialysis Market, By End-User, 2019-2030 (USD Billion)
List of Figures
1. Global Peritoneal Dialysis Market Segmentation
2. Global Peritoneal Dialysis Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top- Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Peritoneal Dialysis Market Attractiveness Analysis By Product Type
9. Global Peritoneal Dialysis Market Attractiveness Analysis By Treatment Type
10. Global Peritoneal Dialysis Market Attractiveness Analysis By End-User
11. Global Peritoneal Dialysis Market Attractiveness Analysis By Region
12. Global Peritoneal Dialysis Market: Dynamics
13. Global Peritoneal Dialysis Market Share By Product Type (2022 & 2030)
14. Global Peritoneal Dialysis Market Share By Treatment Type (2022 & 2030)
15. Global Peritoneal Dialysis Market Share By End-User (2022 & 2030)
16. Global Peritoneal Dialysis Market Share By Regions (2022 & 2030)
17. Global Peritoneal Dialysis Market Share By Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global peritoneal dialysis based on below mentioned segments:
Global Peritoneal Dialysis Market by Product Type:
Global Peritoneal Dialysis Market by Treatment Type:
Global Peritoneal Dialysis Market by End-User:
Global Peritoneal Dialysis by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative 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, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
