Pharmaceutical Pellets Market

Pharmaceutical Pellets Market Size by Technology (Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution & Suspension Layering, Spray Congealing and Spray Drying), Mechanism of Action (Diffusion, Erosion and Osmosis), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13436
  • Published Date: Apr, 2023
  • Pages: 236
  • Category: Healthcare
  • Format: PDF
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The global pharmaceutical pellets market was valued at USD 1,805.72 million in 2022 and is expected to grow at a CAGR of 10.64% from 2023 to 2032. The market is expected to reach USD 4,963.32 million by 2032. The increasing incidence of chronic diseases is driving the growth of the pharmaceutical pellets market. Additionally, rising government expenditure on improving healthcare programs and infrastructure are fueling the growth of the market for pharmaceutical pellets.

Market Introduction:

Pellets or granules are free-flowing units filled into capsules and formed using agglomeration techniques. In agglomeration techniques, fine powders are converted into fine particles. These particles offer several advantages, such as delivering multiple drugs in a single dose, masking the desired drug aftertaste, and thus improving patient compliance with drug administration compared to other dosage forms. Moreover, drug pellets have broad uses in the pharmaceutical sector as they can enhance the appearance of drugs and are compatible with chemically incompatible drugs.

Pharmaceutical Pellets Market Size

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Recent Development
  • In February 2023: Concord Drugs Ltd. is committed to producing unique products, namely modified expanded release, multiple unit pellet system (MUPS), and sustained release pellets, using the latest and best manufacturing machines with innovative drug delivery technologies.
  • In 2020: Pellets Pharma Limited (PPL) received EU GMP certification for their facility.

Market Dynamics:

Drivers

Increasing Incidence of Chronic Diseases- Due to the increasing old age population, there is a surge in the deadliest diseases, such as coronary artery disease, stroke, high blood pressure, and high cholesterol, thus boosting the market's growth. Besides, the prevalence of chronic diseases such as respiratory diseases, cancer, kidney diseases, and systemic diseases is propelling the market's growth.

Innovation in Pharmaceutical Pellets- The growth of the pharmaceutical pellets market is fueled by innovations in pharmaceutical pellets, which have been boosted by improving healthcare infrastructure and the rising adoption of drugs by patients.

Restraints:

High Production Cost- Rising manufacturing costs can hamper the pharmaceutical pellets market's growth.

Opportunities:

Increase in Research & Development- The rising R&D in the pharmaceutical sector is anticipated to develop unexplored possibilities over the forecast period.

Challenges:

Lack of Skilled Employees- In today's world, a need for more skilled & qualified professionals has become a significant problem. This factor can further challenge the pharmaceutical pellets market's growth.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global Pharmaceutical Pellets market, with a 38.75% share of the market revenue in 2022.

North America registered a dominant market share and is expected to rise aggressively over the forecast period. Increasing research and development activities in the pharmaceutical sector and rising expenditure on healthcare infrastructure are boosting the pharmaceutical pellets market growth. The Asia Pacific region is expected to grow at a robust CAGR during the forecast period due to the increasing number of older people. In addition, the rising government investments to improve the country's healthcare environment is stimulating the market's growth. Meanwhile, the increasing availability of biopharmaceuticals is a significant factor in the region's market growth.

North America Region Pharmaceutical Pellets Market Share in 2022 - 38.75%

 

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Technology Segment Analysis

The technology segment is divided into dry powder layering, extrusion, fluid bed granulation, solution & suspension layering, spray congealing and spray drying. The extrusion segment dominated the market, with a market share of around 32% in 2022 and is expected to rise aggressively over the forecast period. Extrusion is one of the most familiar techniques applied to make pellets. Extrusion is a multi-stage procedure used to obtain pellets of uniform size. One of the main stages includes dry mixing to obtain homogeneity, followed by wet mixing to create an adequate plastic mass. Another recent method that has received much attention is the solution & suspension layering. In this method, the pellets or particles are shaped uniformly, developing a good surface morphology. The solutions & suspension layering segment have developed over the years, helping to expand this market share.

Mechanism of Action Segment Analysis

The mechanism of action segment is divided into diffusion, erosion and osmosis. The diffusion segment dominated the market, with a market share of around 41% in 2022 and is expected to register a robust CAGR over the forecast period. It is the most commonly used method for drug release from pellets. Diffusion is the most accurate and effective mechanism of pharmaceutical pellets formation. The osmosis segment is anticipated to witness a constant and lucrative rise over the forecast period.

Some of the Key Market Players:
  • Abbott Laboratories
  • Avanscure Lifesciences Private Limited
  • Concord Drugs Limited
  • Chemit Laboratories
  • Colorcon Inc.
  • Lograns Pharma Private Limited
  • MB Sugars & Pharmaceuticals Limited
  • Manus Aktteva Biopharma LLP
  • Nanjing Joyfulchem ​​Co. Ltd.
  • Nordic Sugar
  • Nami Pharma
  • Pharmaceuticals Private Limited
  • Rainbow Health Care Products
  • Thexa Pharma (P) Limited
  • U.K. Vet Chem

Report Description:

Attribute Description
Market Size Revenue (USD Million), Volume (K Tons)
Market size value in 2022 USD 1,805.72 Million
Market size value in 2032 USD 4,963.32 Million
CAGR (2023 to 2032) 10.64%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Regional Segments The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Technology, Mechanism of Action

Frequesntly Asked Questions

As per The Brainy Insights, the size of the pharmaceutical pellets market was valued at USD 1,805.72 million in 2022 to USD 4,963.32 million by 2032.

The global pharmaceutical pellets market is growing at a CAGR of 10.64% during the forecast period 2023-2032.

The North America region became the largest market for pharmaceutical pellets.

Increasing incidence of chronic diseases is influencing the market's growth.

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 Technology
          4.3.2. Market Attractiveness Analysis by Mechanism of Action
          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 Incidence of Chronic Diseases
          5.2.2. Innovation in Pharmaceutical Pellets
    5.3. Restraints
          5.3.1. High Production Cost
    5.4. Opportunities
          5.4.1. Increase in Research & Development
    5.5. Challenges
          5.5.1. Lack of Skilled Employees

6. Global Pharmaceutical Pellets Market Analysis and Forecast, By Technology
    6.1. Segment Overview
    6.2. Dry Powder Layering
    6.3. Extrusion
    6.4. Fluid Bed Granulation
    6.5. Solution & Suspension Layering
    6.6. Spray Congealing
    6.7. Spray Drying

7. Global Pharmaceutical Pellets Market Analysis and Forecast, By Mechanism of Action
    7.1. Segment Overview
    7.2. Diffusion
    7.3. Erosion
    7.4. Osmosis

8. Global Pharmaceutical Pellets 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. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Pharmaceutical Pellets Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Pharmaceutical Pellets 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. Abbott Laboratories
          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. Avanscure Lifesciences Private Limited
          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. Concord Drugs Limited
          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. Chemit Laboratories
          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. Colorcon Inc.
          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. Lograns Pharma Private Limited
          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. MB Sugars & Pharmaceuticals Limited
          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. Manus Aktteva Biopharma LLP
          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. Nanjing Joyfulchem Co. Ltd.
          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. Nordic Sugar
          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. Nami Pharma
          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. Pharmaceuticals Private Limited
          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. Rainbow Health Care Products
          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. Thexa Pharma (P) Limited
          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. U.K. Vet Chem
          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 Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

2. Global Dry Powder Layering Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

3. Global Extrusion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

4. Global Fluid Bed Granulation Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

5. Global Solution & Suspension Layering Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

6. Global Spray Congealing Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

7. Global Spray Drying Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

8. Global Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

9. Global Diffusion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

10. Global Erosion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

11. Global Osmosis Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

12. Global Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)

13. North America Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

14. North America Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

15. U.S. Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

16. U.S. Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

17. Canada Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

18. Canada Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

19. Mexico Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

20. Mexico Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

21. Europe Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

22. Europe Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

23. Germany Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

24. Germany Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

25. France Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

26. France Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

27. U.K. Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

28. U.K. Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

29. Italy Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

30. Italy Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

31. Spain Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

32. Spain Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

33. Asia Pacific Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

34. Asia Pacific Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

35. Japan Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

36. Japan Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

37. China Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

38. China Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

39. India Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

40. India Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

41. South America Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

42. South America Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

43. Brazil Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

44. Brazil Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

45. Middle East and Africa Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

46. Middle East and Africa Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

47. UAE Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

48. UAE Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

49. South Africa Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)

50. South Africa Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)

List of Figures 

1. Global Pharmaceutical Pellets Market Segmentation

2. Pharmaceutical Pellets 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 Pharmaceutical Pellets Market Attractiveness Analysis by Technology

9. Global Pharmaceutical Pellets Market Attractiveness Analysis by Mechanism of Action

10. Global Pharmaceutical Pellets Market Attractiveness Analysis by Region

11. Global Pharmaceutical Pellets Market: Dynamics

12. Global Pharmaceutical Pellets Market Share by Technology (2023 & 2032)

13. Global Pharmaceutical Pellets Market Share by Mechanism of Action (2023 & 2032)

14. Global Pharmaceutical Pellets Market Share by Regions (2023 & 2032)

15. Global Pharmaceutical Pellets Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global pharmaceutical pellets market based on below-mentioned segments:

Global Pharmaceutical Pellets Market by Technology:

  • Dry Powder Layering
  • Extrusion
  • Fluid Bed Granulation
  • Solution & Suspension Layering
  • Spray Congealing
  • Spray Drying

Global Pharmaceutical Pellets Market by Mechanism of Action:

  • Diffusion
  • Erosion
  • Osmosis

Global Pharmaceutical Pellets Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

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:

MARKET RESEARCH PROCESS

Data Procurement:

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:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

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:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

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:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

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:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

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:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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