Gene Editing Market
Gene Editing Market Forecasts to 2030 - Global Analysis By Product (Software & Systems, Services and Reagents & Consumables), Technology (Transcription Activator-Like Effector Nuclease, Antisense, Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR), Zinc Finger Nuclease (ZFN) and Other Technologies), Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.45 BN |
|
Projected Year Value (2030) |
US $23.05 BN |
|
CAGR (2023 - 2030) |
17.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Gene Editing Market is accounted for $7.45 billion in 2023 and is expected to reach $23.05 billion by 2030 growing at a CAGR of 17.5% during the forecast period. A group of technologies known as ""gene editing"" enables researchers to modify an organism's DNA. These technologies make it possible to change, add, or remove genetic material at particular locations within the genome. Genome editing is a fascinating field for both illness prevention and treatment in humans. More complicated conditions like cancer, heart disease, mental illness, and HIV infection may also be treated and prevented by using it.
According to the National Institutes of Health (NIH), there are approximately 7,000 rare diseases affecting between 25 and 30 million Americans.
Market Dynamics:
Driver:
Rising applications of genomics
Genomics is increasingly being used in food quality and safety testing. Technologies for editing genomes are essential for both finding new drugs and identifying and treating genetic diseases in humans. NGS, DNA analysis and profiling, and genetic engineering of plants and animals all employ genome editing. When evaluating fish populations, NGS can be utilized for DNA barcoding to identify fish eggs and larvae as well as to fully characterize fish communities. Therefore, during the projection period, there will likely be a rise in demand for genome editing technologies due to the expanding application areas of genomics.
Restraint:
High cost
Gene editing therapy research and development can be costly and time-consuming. It could be difficult for businesses and organizations to get the financing needed for in-depth pre- and clinical testing. The development of gene editing medicine heavily relies on clinical studies, which are quite expensive. These trials, which usually involve several phases and a large number of people, are required to show the safety and effectiveness of gene editing therapy. Therefore, high costs are a significant barrier to market expansion.
Opportunity:
Rising prevalence of genetic illnesses
One major factor fueling the gene editing market is the increase in the prevalence of genetic illnesses. An increase in the number of people receiving diagnoses for uncommon diseases and different genetic disorders essentially characterizes this trend. Patients may finally have hope due to gene editing technologies like CRISPR-Cas9, which have the ability to identify and fix the underlying genetic abnormalities causing these illnesses. These factors propel market demand.
Threat:
Off-target impacts of CRISPR
A significant constraint of gene editing technology is the off-target impacts of CRISPR technology. Although CRISPR-Cas9 can target certain genes with astonishing precision, it can also cause unintentional alterations at places other than the intended target. The application of CRISPR technology may present risks and difficulties as a result of this off-target activity. These factors hinder market expansion.
Covid-19 Impact
The industry for gene editing benefited from the pandemic because social distancing norms and a shortage of hospital beds forced home-based patient care systems to adapt to the fullest. The COVID-19 pandemic has changed our lives. It has also intensified the already swift inclinations toward creation and cooperation among the scientific community. With the pandemic spreading across the globe, scientists are working feverishly to develop treatments, vaccinations, and diagnoses. To tackle SARS-CoV-2, the new coronavirus that causes Covid-19, scientists are looking into high-throughput experimental automation, artificial intelligence, and machine learning. The SARS-CoV-2 is necessary for isolating infected patients and observing appropriate medical responses. Thus, the market for gene editing benefited from the COVID-19 epidemic.
The reagents & consumables segment is expected to be the largest during the forecast period
The reagents & consumables segment is estimated to hold the largest share. Reagents and consumables encompass a wide range of items, including foil seals, slide holders, plates, chips, tube strips, library preparation, purification, and target enrichment kits. The market for consumables is predicted to rise as a result of genomics' expanding applicability in a variety of industries. Utilizing NGS in epigenetic and transcriptomics has also been made possible by developments in library preparation technology. Applications for sequencing, including targeted and whole-genome sequencing, employ these kits.
The clustered regularly interspaced short palindromic repeats segment is expected to have the highest CAGR during the forecast period
The clustered regularly interspaced short palindromic repeats segment is anticipated to have lucrative growth during the forecast period. As an alternative to conventional genetic alteration methods, CRISPR-Clustered Regularly Interspaced Short Palindromic Repeats have become an essential tool for gene editing. The Cas9 enzymes set CRISPR apart from previous types of DNA editing. By removing damaged or undesirable DNA sequences, CRISPR reorganizes genes so that the remaining DNA can take on new configurations.
Region with largest share:
North America commanded the largest market share during the extrapolated period. The most significant regional market for gene editing is North America. The US has become this region's main source of revenue. In the US, venture capitalists, governmental organizations, and private companies have made large financial and investment contributions in the gene editing field. Research and development, as well as the commercialization of gene editing technologies, have been accelerated by this financing. The development of therapeutic interventions and the expansion of gene editing businesses have been made possible by the availability of funding.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. This is due to increasing technological breakthroughs, a thriving biotechnology industry in emerging regions, and the rising prevalence of cancer and other genetic abnormalities. Innovation in CRISPR technology is still growing significantly in Japan. On the other hand, new CRISPR research is anticipated to propel market growth in India. Additionally, researchers in the nation developed a distinct variation of the widely used CRISPR-Cas9 gene-editing method. The variant may increase the accuracy of gene editing without causing unintended DNA changes. Therefore, in the upcoming years, it is anticipated that these variables will have an effect on the Asia-Pacific gene editing market.
Key players in the market
Some of the key players in the Gene Editing Market include Sangamo Therapeutics, Inc., Beam Therapeutics, Integrated DNA Technologies, Inc., Thermo Fisher Scientific, Horizon Discovery Ltd., Precision Biosciences, CRISPR Therapeutics, GeneScript, Agilent Technologies, Intellia Therapeutics, Inc., Caribou Biosciences, Inc., Lonza, Perkinelmer, Editas, edicine, Tecan Life Sciences, Amsbio and Creative Biogene.
Key Developments:
In November 2022, Thermo Fisher Scientific (US) announced the launch of Gibco CTS AAV-MAX Helper-Free AAV Production System, an all-in-one solution suitable for commercial and clinical applications associated with AAV-based gene therapies.
In June 2022, Lonza (Switzerland) and Adva entered into a license agreement that will allow Adva to develop innovative solutions for the cell and gene therapies industry.
In February 2023, Gen Script (China) announced the expansion of its Singapore facility to provide a premium gene synthesis service. This marks a significant expansion of the company’s advanced gene-synthesis capability and enables Gen Script to provide the service levels required for novel vaccine and therapeutic development in life sciences.
Products Covered:
• Software & Systems
• Services
• Reagents & Consumables
Technologies Covered:
• Transcription Activator-Like Effector Nuclease
• Antisense
• Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)
• Zinc Finger Nuclease (ZFN)
• Other Technologies
Applications Covered:
• Genetic Engineering
• Cell Line Engineering
• Drug Discovery & Development
• Other Applications
End Users Covered:
• Academic and Research Institutes
• Pharmaceutical and Biotechnology Companies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Gene Editing Market, By Product
5.1 Introduction
5.2 Software & Systems
5.3 Services
5.4 Reagents & Consumables
6 Global Gene Editing Market, By Technology
6.1 Introduction
6.2 Transcription Activator-Like Effector Nuclease
6.3 Antisense
6.4 Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)
6.5 Zinc Finger Nuclease (ZFN)
6.6 Other Technologies
7 Global Gene Editing Market, By Application
7.1 Introduction
7.2 Genetic Engineering
7.3 Cell Line Engineering
7.4 Drug Discovery & Development
7.5 Other Applications
8 Global Gene Editing Market, By End User
8.1 Introduction
8.2 Academic and Research Institutes
8.3 Pharmaceutical and Biotechnology Companies
8.4 Other End Users
9 Global Gene Editing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Sangamo Therapeutics, Inc.
11.2 Beam Therapeutics
11.3 Integrated DNA Technologies, Inc.
11.4 Thermo Fisher Scientific
11.5 Horizon Discovery Ltd.
11.6 Precision Biosciences
11.7 CRISPR Therapeutics
11.8 GeneScript
11.9 Agilent Technologies
11.10 Intellia Therapeutics, Inc.
11.11 Caribou Biosciences, Inc.
11.12 Lonza
11.13 Perkinelmer
11.14 Editas Medicine
11.15 Tecan Life Sciences
11.16 Amsbio
11.17 Creative Biogene
List of Tables
1 Global Gene Editing Market Outlook, By Region (2021-2030) ($MN)
2 Global Gene Editing Market Outlook, By Product (2021-2030) ($MN)
3 Global Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
4 Global Gene Editing Market Outlook, By Services (2021-2030) ($MN)
5 Global Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
6 Global Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
7 Global Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
8 Global Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
9 Global Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN) 10 Global Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
11 Global Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
12 Global Gene Editing Market Outlook, By Application (2021-2030) ($MN)
13 Global Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
14 Global Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
15 Global Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
16 Global Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
17 Global Gene Editing Market Outlook, By End User (2021-2030) ($MN)
18 Global Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
19 Global Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
20 Global Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
21 North America Gene Editing Market Outlook, By Country (2021-2030) ($MN)
22 North America Gene Editing Market Outlook, By Product (2021-2030) ($MN)
23 North America Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
24 North America Gene Editing Market Outlook, By Services (2021-2030) ($MN)
25 North America Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
26 North America Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
27 North America Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
28 North America Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
29 North America Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN)
30 North America Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
31 North America Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
32 North America Gene Editing Market Outlook, By Application (2021-2030) ($MN)
33 North America Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
34 North America Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
35 North America Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
36 North America Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
37 North America Gene Editing Market Outlook, By End User (2021-2030) ($MN)
38 North America Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
39 North America Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
40 North America Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
41 Europe Gene Editing Market Outlook, By Country (2021-2030) ($MN)
42 Europe Gene Editing Market Outlook, By Product (2021-2030) ($MN)
43 Europe Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
44 Europe Gene Editing Market Outlook, By Services (2021-2030) ($MN)
45 Europe Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
46 Europe Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
47 Europe Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
48 Europe Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
49 Europe Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN)
50 Europe Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
51 Europe Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
52 Europe Gene Editing Market Outlook, By Application (2021-2030) ($MN)
53 Europe Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
54 Europe Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
55 Europe Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
56 Europe Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
57 Europe Gene Editing Market Outlook, By End User (2021-2030) ($MN)
58 Europe Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
59 Europe Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
60 Europe Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
61 Asia Pacific Gene Editing Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Gene Editing Market Outlook, By Product (2021-2030) ($MN)
63 Asia Pacific Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
64 Asia Pacific Gene Editing Market Outlook, By Services (2021-2030) ($MN)
65 Asia Pacific Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
66 Asia Pacific Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
67 Asia Pacific Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
68 Asia Pacific Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
69 Asia Pacific Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN)
70 Asia Pacific Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
71 Asia Pacific Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
72 Asia Pacific Gene Editing Market Outlook, By Application (2021-2030) ($MN)
73 Asia Pacific Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
74 Asia Pacific Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
75 Asia Pacific Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
76 Asia Pacific Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
77 Asia Pacific Gene Editing Market Outlook, By End User (2021-2030) ($MN)
78 Asia Pacific Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
79 Asia Pacific Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
80 Asia Pacific Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
81 South America Gene Editing Market Outlook, By Country (2021-2030) ($MN)
82 South America Gene Editing Market Outlook, By Product (2021-2030) ($MN)
83 South America Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
84 South America Gene Editing Market Outlook, By Services (2021-2030) ($MN)
85 South America Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
86 South America Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
87 South America Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
88 South America Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
89 South America Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN)
90 South America Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
91 South America Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
92 South America Gene Editing Market Outlook, By Application (2021-2030) ($MN)
93 South America Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
94 South America Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
95 South America Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
96 South America Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
97 South America Gene Editing Market Outlook, By End User (2021-2030) ($MN)
98 South America Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
99 South America Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
100 South America Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
101 Middle East & Africa Gene Editing Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Gene Editing Market Outlook, By Product (2021-2030) ($MN)
103 Middle East & Africa Gene Editing Market Outlook, By Software & Systems (2021-2030) ($MN)
104 Middle East & Africa Gene Editing Market Outlook, By Services (2021-2030) ($MN)
105 Middle East & Africa Gene Editing Market Outlook, By Reagents & Consumables (2021-2030) ($MN)
106 Middle East & Africa Gene Editing Market Outlook, By Technology (2021-2030) ($MN)
107 Middle East & Africa Gene Editing Market Outlook, By Transcription Activator-Like Effector Nuclease (2021-2030) ($MN)
108 Middle East & Africa Gene Editing Market Outlook, By Antisense (2021-2030) ($MN)
109 Middle East & Africa Gene Editing Market Outlook, By Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) (2021-2030) ($MN)
110 Middle East & Africa Gene Editing Market Outlook, By Zinc Finger Nuclease (ZFN) (2021-2030) ($MN)
111 Middle East & Africa Gene Editing Market Outlook, By Other Technologies (2021-2030) ($MN)
112 Middle East & Africa Gene Editing Market Outlook, By Application (2021-2030) ($MN)
113 Middle East & Africa Gene Editing Market Outlook, By Genetic Engineering (2021-2030) ($MN)
114 Middle East & Africa Gene Editing Market Outlook, By Cell Line Engineering (2021-2030) ($MN)
115 Middle East & Africa Gene Editing Market Outlook, By Drug Discovery & Development (2021-2030) ($MN)
116 Middle East & Africa Gene Editing Market Outlook, By Other Applications (2021-2030) ($MN)
117 Middle East & Africa Gene Editing Market Outlook, By End User (2021-2030) ($MN)
118 Middle East & Africa Gene Editing Market Outlook, By Academic and Research Institutes (2021-2030) ($MN)
119 Middle East & Africa Gene Editing Market Outlook, By Pharmaceutical and Biotechnology Companies (2021-2030) ($MN)
120 Middle East & Africa Gene Editing Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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