Smart Inhalers Market
PUBLISHED: 2023 ID: SMRC23399
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Smart Inhalers Market

Smart Inhalers Market Forecasts to 2030 - Global Analysis By Product (Inhalers and Nebulizers), Indication (Asthma and Chronic Obstructive Pulmonary Disease (COPD)), Distribution Channel (Hospitals Pharmacies, Retail Pharmacies and Online Pharmacies), End User and By Geography

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4.4 (49 reviews)
Published: 2023 ID: SMRC23399

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Inhalers Market is accounted for $1.42 billion in 2023 and is expected to reach $2.60 billion by 2030 growing at a CAGR of 9% during the forecast period. Smart inhalers are gadgets made to pair with a mobile app via Bluetooth in order to manage chronic respiratory conditions effectively and enhance patients lifestyles. Additionally, based on a user's past history of dosage administration, these smart devices are able to send reminders and alerts to them. Asthma, cystic fibrosis, and chronic obstructive pulmonary disorders, among other respiratory illnesses, are becoming more common, which has caused an exponential rise in the demand for smart inhalers.

According to the WHO 2021 report, asthma is a major noncommunicable disease (NCD), affecting both children and adults, and has affected an estimated 262 million people in 2019 and caused 461000 deaths in the same year.

Market Dynamics:

Driver:

Rising incidence of asthma

Asthma and COPD are becoming more common due to an increase in air pollution and smoking habits, which is driving market demand for smart inhalers. The ODPHP Office of Disease Prevention and Health Promotion estimates that there will be over 339 million asthma patients worldwide in 2020, of whom 25 million are Americans with a COPD diagnosis of 14.8 million. Asthma is the most prevalent disease among children and the elderly. This non-communicable disease is spreading due to an increase in smoking habits and rising levels of global air pollution.

Restraint:

Risk of data leakage

The risk of data leakage and misuse has increased significantly as a result of smart inhalers' wireless connectivity and ability to record the patient's data. Additionally, the smart inhaler has a very low level of patient and physician acceptance, which is anticipated to impede market expansion.

Opportunity:

Growing Use of digital technology in medical devices

During the forecast period, it is anticipated that rising digital technology adoption in medical devices and the effectiveness of drug delivery devices in therapeutic measures will accelerate market growth. In addition to this, it is predicted that an increase in the prevalence of respiratory conditions like asthma and COPD will present a significant opportunity for the increased adoption of digital inhalers. For instance, a study by the Centers for Disease Control and Prevention (CDC) estimated that in 2016, there were 26.5 million asthma sufferers in the United States. The aforementioned factors will significantly fuel the market expansion of these smart inhalers.

Threat:

Existence of alternative manual inhalers

Despite the growing benefits of smart inhalers, the availability of manual inhalers as a substitute product may limit market expansion to some extent. Another significant factor impeding the market expansion of smart inhalers is the lack of awareness regarding the use of digital inhalers among the populace of developing economies.

Covid-19 Impact

The global COVID-19 outbreak is anticipated to present lucrative growth opportunities for market participants in the smart inhaler space. Due to the high risk of hospitalization from COVID-19 for patients with COPD and asthma, the pandemic had a positive effect on the market. Thus, the demand for or adoption of smart inhalers is rising at this time due to rising COVID-19 cases and the burden of respiratory disorders.

The hospitals pharmacies segment is expected to be the largest during the forecast period

In the forecasted time frame, it is predicted that the hospital pharmacies segment will account for the largest market share. The patient population receiving treatments in hospital settings has easy access to hospital pharmacies. Additionally, a number of manufacturers of smart drug delivery systems have distribution agreements with these hospital pharmacies. Therefore, during the projection period, the aforementioned factors strongly suggest a positive growth trajectory for the market for hospital pharmacies that sell smart inhalers.

The chronic obstructive pulmonary disease (COPD) segment is expected to have the highest CAGR during the forecast period

Due to expanding COPD patient populations worldwide, the market growth is anticipated to witness lucrative growth in the coming years. For instance, the World Health Organization estimates that the third leading cause of death worldwide in 2019 was COPD, which claimed the lives of over 3.23 million people. Furthermore, a number of risk factors, including prolonged tobacco use, indoor air pollution, harmful gases and particles, and occupational dust, influence the prevalence of COPD and necessitate ongoing care management. As a result, segmental demand will be driven over the anticipated period by the rising prevalence rate of COPD and the rising need for effective treatment.

Region with largest share:

The North America region market is estimated to witness the highest share of the global Smart Shelves market during the forecast period, which is attributed to increasing activities by key market players in countries in this region. The smart shelves market in North America involves the adoption and deployment of intelligent shelving systems that incorporate advanced technologies to enhance the shopping experience, improve inventory management, and provide real-time data analytics in retail environments. Retailers in North America are increasingly embracing automation and digitalization to streamline their operations and enhance customer engagement. Smart shelves offer real-time inventory tracking, enabling retailers to optimize stock levels, reduce out-of-stock situations, and improve overall inventory management efficiency.

Region with highest CAGR:

Due to its large elderly population, rising disposable incomes, rising healthcare costs, and numerous developmental initiatives, the Asia-Pacific region is expected to experience rapid growth. Regional growth will be aided by emerging economies' rising healthcare IT development expenditures. In addition, the markets for smart inhalers in Asia-Pacific are predicted to grow rapidly in India and China.

Key players in the market

Some of the key players profiled in the Smart Inhalers Market include H&T Presspart Manufacturing Ltd., 3M Health Care Limited, Adherium Limited, AireHealth, Inc., Amiko Digital Health Limited, AstraZeneca, Inc., Boehringer Ingelheim GmbH, Cognita Labs, LLC, Cohero Health LLC, FindAir Sp. z o.o, GlaxoSmithKline plc, Novartis AG, OPKO Health Inc, Personal Air Quality Systems Private Limited, Philip Morris International Inc. (Vectura Group Plc), Pneuma Respiratory, Inc., Propeller Health and Teva Pharmaceuticals Industries Ltd.

Key Developments:

In June 2023, H&T Presspart plans more investment in L’Arboç. The global supply of Ventolin metered-dose inhaler actuators are manufactured in in L’Arboç (Baix Penedès), Tarragona. With a combined annual production of more than 1,000 million units of injection-moulded plastic drug delivery components and devices, H&T Presspart has invested more than 20 million euros in its factory in L’Arboç in the last two years to expand its production capacity up to 3,000 square meters of cleanroom production facilities, with which to carry out new projects as they anticipate strong growth in the coming years.

In February 2023, Teva Pharmaceuticals USA, Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd. announced that new data on its Digihaler System will be presented at the American Academy of Allergy, Asthma and Immunology (AAAAI) 2023 Annual Meeting, being held February 24-27 in San Antonio, Texas. The data includes findings from the CONNECT2 clinical trial program as well as information on patients and healthcare professionals' real-world use of the smart inhaler system. The Digihaler System is the first and only smart inhaler system with built-in sensors that provide objective inhaler event data to help patients and their doctors support asthma management and develop personalized treatment plans.

In December 2022, Australian medical cannabis company ECS Botanics has announced it will be supplying a vaporiser device for use with medicinal dried flower. The company says it has signed an agreement to import and supply a Smart Inhaler and associated software from an as yet un-named company that will provide metered-dose administration.

Products Covered:
• Inhalers
• Nebulizers

Indications Covered:
• Asthma
• Chronic Obstructive Pulmonary Disease (COPD)

Distribution Channels Covered:
• Hospitals Pharmacies
• Retail Pharmacies
• Online Pharmacies

End Users Covered:
• Hospitals
• Homecare Settings
• Respiratory Care Centers
• 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 End User Analysis
3.8 Emerging Markets
3.9 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 Smart Inhalers Market, By Product
5.1 Introduction
5.2 Inhalers
5.2.1 Dry Powdered Inhalers (DPIs)
5.2.2 Metered Dose Inhalers (MDI's)
5.3 Nebulizers

6 Global Smart Inhalers Market, By Indication
6.1 Introduction
6.2 Asthma
6.3 Chronic Obstructive Pulmonary Disease (COPD)

7 Global Smart Inhalers Market, By Distribution Channel
7.1 Introduction
7.2 Hospitals Pharmacies
7.3 Retail Pharmacies
7.4 Online Pharmacies

8 Global Smart Inhalers Market, By End User
8.1 Introduction
8.2 Hospitals
8.3 Homecare Settings
8.4 Respiratory Care Centers
8.5 Other End Users

9 Global Smart Inhalers 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 H&T Presspart Manufacturing Ltd.
11.2 3M Health Care Limited
11.3 Adherium Limited
11.4 AireHealth, Inc.
11.5 Amiko Digital Health Limited
11.6 AstraZeneca, Inc.
11.7 Boehringer Ingelheim GmbH
11.8 Cognita Labs, LLC
11.9 Cohero Health LLC
11.10 FindAir Sp. z o.o
11.11 GlaxoSmithKline plc
11.12 Novartis AG
11.13 OPKO Health Inc
11.14 Personal Air Quality Systems Private Limited
11.15 Philip Morris International Inc. (Vectura Group Plc)
11.16 Pneuma Respiratory, Inc.
11.17 Propeller Health
11.18 Teva Pharmaceuticals Industries Ltd.

List of Tables
1 Global Smart Inhalers Market Outlook, By Region (2021-2030) ($MN)
2 Global Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
3 Global Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
4 Global Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
5 Global Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
6 Global Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
7 Global Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
8 Global Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
9 Global Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
10 Global Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
11 Global Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
12 Global Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
13 Global Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
14 Global Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
15 Global Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
16 Global Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
17 Global Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
18 Global Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)
19 North America Smart Inhalers Market Outlook, By Country (2021-2030) ($MN)
20 North America Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
21 North America Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
22 North America Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
23 North America Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
24 North America Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
25 North America Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
26 North America Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
27 North America Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
28 North America Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
29 North America Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
30 North America Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
31 North America Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
32 North America Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
33 North America Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
34 North America Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
35 North America Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
36 North America Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)
37 Europe Smart Inhalers Market Outlook, By Country (2021-2030) ($MN)
38 Europe Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
39 Europe Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
40 Europe Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
41 Europe Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
42 Europe Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
43 Europe Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
44 Europe Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
45 Europe Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
46 Europe Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
47 Europe Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
48 Europe Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
49 Europe Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
50 Europe Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
51 Europe Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
52 Europe Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
53 Europe Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
54 Europe Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)
55 Asia Pacific Smart Inhalers Market Outlook, By Country (2021-2030) ($MN)
56 Asia Pacific Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
57 Asia Pacific Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
58 Asia Pacific Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
59 Asia Pacific Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
60 Asia Pacific Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
61 Asia Pacific Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
62 Asia Pacific Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
63 Asia Pacific Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
64 Asia Pacific Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
65 Asia Pacific Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
66 Asia Pacific Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
67 Asia Pacific Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
68 Asia Pacific Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
69 Asia Pacific Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
70 Asia Pacific Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
71 Asia Pacific Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
72 Asia Pacific Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)
73 South America Smart Inhalers Market Outlook, By Country (2021-2030) ($MN)
74 South America Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
75 South America Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
76 South America Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
77 South America Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
78 South America Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
79 South America Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
80 South America Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
81 South America Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
82 South America Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
83 South America Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
84 South America Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
85 South America Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
86 South America Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
87 South America Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
88 South America Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
89 South America Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
90 South America Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)
91 Middle East & Africa Smart Inhalers Market Outlook, By Country (2021-2030) ($MN)
92 Middle East & Africa Smart Inhalers Market Outlook, By Product (2021-2030) ($MN)
93 Middle East & Africa Smart Inhalers Market Outlook, By Inhalers (2021-2030) ($MN)
94 Middle East & Africa Smart Inhalers Market Outlook, By Dry Powdered Inhalers (DPIs) (2021-2030) ($MN)
95 Middle East & Africa Smart Inhalers Market Outlook, By Metered Dose Inhalers (MDI's) (2021-2030) ($MN)
96 Middle East & Africa Smart Inhalers Market Outlook, By Nebulizers (2021-2030) ($MN)
97 Middle East & Africa Smart Inhalers Market Outlook, By Indication (2021-2030) ($MN)
98 Middle East & Africa Smart Inhalers Market Outlook, By Asthma (2021-2030) ($MN)
99 Middle East & Africa Smart Inhalers Market Outlook, By Chronic Obstructive Pulmonary Disease (COPD) (2021-2030) ($MN)
100 Middle East & Africa Smart Inhalers Market Outlook, By Distribution Channel (2021-2030) ($MN)
101 Middle East & Africa Smart Inhalers Market Outlook, By Hospitals Pharmacies (2021-2030) ($MN)
102 Middle East & Africa Smart Inhalers Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
103 Middle East & Africa Smart Inhalers Market Outlook, By Online Pharmacies (2021-2030) ($MN)
104 Middle East & Africa Smart Inhalers Market Outlook, By End User (2021-2030) ($MN)
105 Middle East & Africa Smart Inhalers Market Outlook, By Hospitals (2021-2030) ($MN)
106 Middle East & Africa Smart Inhalers Market Outlook, By Homecare Settings (2021-2030) ($MN)
107 Middle East & Africa Smart Inhalers Market Outlook, By Respiratory Care Centers (2021-2030) ($MN)
108 Middle East & Africa Smart Inhalers Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


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.


For more details about research methodology, kindly write to us at info@strategymrc.com

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