Global Anthelmintic Drugs Market Size By Drug Class (Benzimidazoles, Piperazine, Imidazothaiazole, Spiroindoles), By Application (Human Anthelmintics, Veterinary Anthelmintics), By Distribution Channel (Hospitals & Clinics, Retail Pharmacies, Online Pharmacies, Veterinary Clinics & Supply Stores), By Geographic Scope And Forecast

Report ID: 320856|No. of Pages: 202

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Global Anthelmintic Drugs Market Size By Drug Class (Benzimidazoles, Piperazine, Imidazothaiazole, Spiroindoles), By Application (Human Anthelmintics, Veterinary Anthelmintics), By Distribution Channel (Hospitals & Clinics, Retail Pharmacies, Online Pharmacies, Veterinary Clinics & Supply Stores), By Geographic Scope And Forecast

Report ID: 320856|Published Date: Jul 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Anthelmintic Drugs Market Size And Forecast

Anthelmintic Drugs Market size was valued at USD 2.62 Billion in 2024 and is projected to reach USD 3.52 Billion by 2031, growing at a CAGR of 4.13% from 2024 to 2031.

  • Anthelmintic drugs, also known as anthelmintics, are essential medications designed to combat infections caused by parasitic worms, or helminths. These parasites can infect various body parts, including the lungs, intestines, and tissues of both humans and animals.
  • Anthelmintics function either by disrupting the metabolic processes of the parasites or by killing them outright, with the ultimate goal of expelling them from the host’s body. These infections predominantly affect impoverished and vulnerable communities that lack adequate hygiene, sanitation, and access to safe water, making the need for effective anthelmintic drugs critical.
  • The rising demand for anthelmintic drugs to address these infections is significantly boosting the anti-parasitic medications market. In numerous underdeveloped economies, anthelmintic drugs are integral to mass deworming campaigns, particularly targeting school-going children.
  • These campaigns aim to reduce the burden of parasitic infections in young populations, improving overall public health. Additionally, anthelmintic drugs are extensively used in livestock to control parasitic diseases, which is crucial for maintaining animal health and productivity.
  • As a result, the market for deworming drugs is expanding steadily worldwide. Commonly prescribed anthelmintics include albendazole and mebendazole for soil-transmitted helminths and praziquantel for tapeworms and schistosomiasis. In veterinary medicine, the dynamics of the anthelmintic drugs market are influenced by the off-label use of certain medications.
  • For instance, pyrantel pamoate (marketed under brand names such as Nemex and Nemex 2) is prescribed off-label to treat intestinal roundworms, stomach worms, and hookworms in various animals, including cats, dogs, birds, rodents, and rabbits.
  • The widespread use of anthelmintic drugs in both human and veterinary medicine underscores their importance in managing parasitic infections. As public health initiatives and veterinary care continue to evolve, the demand for effective anthelmintic treatments is expected to grow, driving further advancements in this critical field.

Anthelmintic Drugs Market is estimated to grow at a CAGR of 4.13% & reach US$ 3.52 Bn by the end of 2031

Global Anthelmintic Drugs Market Dynamics

The key market dynamics that are shaping the global anthelmintic drugs market include:

Key Market Drivers

  • Widespread Helminth Infections: Parasitic worms affect a wide range of species, leading to substantial impacts on human health, livestock production, and crop yields. For instance, nematodes such as Ascaris lumbricoides (soil-transmitted) and Wuchereria bancrofti (vector-transmitted) and platyhelminths such as Schistosoma mansoni (flukes) and Taenia solium (tapeworms) are significant contributors to these infections.
  • Human Health Impact: Human helminth infections are classified as neglected tropical diseases (NTDs) and are prevalent in impoverished rural areas of tropical and subtropical regions. These infections, including soil-transmitted helminths (STHs), schistosomes, and lymphatic filarial worms, cause considerable morbidity, leading to an estimated 6.4 million disability-adjusted life years (DALYs). They limit educational prospects and reduce worker productivity, thereby trapping regions in poverty.
  • Livestock and Economic Impact: Helminth infections in livestock have serious animal welfare implications and cause significant economic losses in the livestock industry. In industrialized countries, routine administration of anthelmintics to livestock, including sheep, goats, cattle, horses, and companion animals, is common practice to prevent and control these infections. The economic impact is considerable, with hundreds of millions of animals treated annually.
  • Anthelmintic Resistance: The spread of resistance to macrocyclic lactones has driven ongoing research and development in the animal health industry. Over the past 25 years, new classes of anthelmintic drugs, including derquantel, emodepside, and monepantel, have been introduced to the market. However, the continuous emergence of resistance, combined with less predictable infection patterns due to climate change, challenges the control of these parasites.
  • Need for Novel Therapeutics: The unmet need for new anthelmintic drugs is a critical driver in this market. With the breakdown of control measures and the ongoing development of resistance, there is a significant demand for novel therapeutics to effectively manage and treat helminth infections.
  • Pet Ownership Trends: The rise in pet ownership globally has led to increased expenditure on veterinary care. Pets are susceptible to various parasitic infections, and responsible pet owners are more likely to invest in preventive treatments, boosting the demand for anthelmintic drugs.
  • Livestock Management: In the agricultural sector, maintaining the health of livestock is crucial for productivity and economic stability. Parasitic infections can cause significant losses in meat and dairy production. Consequently, farmers and livestock owners invest heavily in veterinary anthelmintics to ensure the health and productivity of their animals.
  • Economic Growth and Meat Consumption: As global economies grow, there is an associated increase in meat consumption. This trend leads to greater investment in livestock health and management, further driving the demand for veterinary anthelmintic medications.

Key Challenges

  • Mechanism and Impact: Over time, parasites can develop resistance to anthelmintic medications, rendering these treatments ineffective. This resistance arises through genetic mutations and selective pressure from repeated drug use. The consequences are severe, as resistance hampers the treatment of parasitic infections and diminishes the efficacy of existing drugs.
  • Global Concern: Anthelmintic resistance is a growing global concern, particularly in regions with heavy reliance on these medications for livestock and human health. The development of resistance necessitates ongoing research to discover new classes of drugs and alternative treatment strategies.
  • Educational Gaps: In many underdeveloped nations, there is a significant lack of awareness about parasitic infections and the importance of anthelmintic treatment. This gap in knowledge leads to underuse or misuse of anthelmintic drugs, further exacerbating the spread of infections.
  • Public Health Campaigns: Increasing awareness through public health campaigns, education, and community outreach is crucial to encourage proper use of anthelmintic medications and improve health outcomes.
  • Stringent Regulations: The development and approval of new anthelmintic drugs are subject to strict regulatory requirements, which can be time-consuming and costly. These regulations ensure drug safety and efficacy but also delay the availability of new treatments.
  • Impact on Innovation: Regulatory hurdles can discourage pharmaceutical companies from investing in anthelmintic drug development, limiting the number of new medications entering the market.
  • Adverse Reactions: Some anthelmintic medications can cause negative side effects, ranging from mild gastrointestinal discomfort to severe allergic reactions. These side effects may deter patients and healthcare professionals from using certain drugs.

Key Trends

  • Slow and Costly Development: The transition of a new chemical entity (NCE) from initial concept to general use is a slow and expensive process. Despite these challenges, there is a growing emphasis on public-private partnerships, which facilitate standardization efforts across industrial and academic settings. These collaborations have led to the development of several promising compounds, as evidenced by recent patents filed by companies like Bayer AG.
  • Novel Mechanisms of Action: The discovery and development of new anthelmintic drugs with novel mechanisms of action are critical to overcoming resistance. Innovative strategies in drug discovery aim to introduce compounds that parasites have not previously encountered, reducing the likelihood of resistance development.
  • Derivatives of Existing Drugs: In addition to discovering new therapeutics, modifying the chemical structures of existing anthelmintics is an important strategy. This approach leverages the existing knowledge of drug mechanisms and bioactivity, facilitating the creation of novel drugs. For instance, derivatives of avermectin and milbemycin, well-known macrolides, have been developed through genetic engineering of the Streptomyces avermitilis strain.
  • Therapeutic Switching: Drug repurposing, or therapeutic switching, involves screening drugs that have already been approved for other diseases for their potential anthelmintic effects. This strategy is advantageous because preclinical and clinical data are already available, potentially accelerating the development process and reducing costs. Repurposing approved drugs also minimizes the risk of failure due to known safety profiles.
  • Resistance and Environmental Concerns: The widespread use of chemical anthelmintics has led to significant resistance issues and environmental contamination. These challenges underscore the need for alternative, more sustainable control methods.
  • Medicinal Plants: For centuries, medicinal plants have been used to treat parasitic infections. There is a renewed interest in exploring these natural products for their anthelmintic efficacy. Research into plant-based compounds aims to identify sustainable and effective treatments that pose fewer risks to non-target organisms and the environment.

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Global Anthelmintic Drugs Market Regional Analysis

Here is a more detailed regional analysis of the global anthelmintic drugs market:

Europe

  • Europe is substantially dominating the global anthelmintic drugs market owing to global travel becoming more common, the incidence of travel-associated parasitic infections has risen.
  • Europe, being a major hub for international travel, faces a higher risk of such infections, which fuels the demand for effective anthelmintic treatments. The heightened awareness of these risks among travelers and healthcare providers has led to increased use of anthelmintic drugs.
  • Pet ownership is on the rise in Europe, accompanied by an increasing awareness of the health risks posed by intestinal worms in animals. For instance, according to the Global Animal Health Association, in Europe in 2022 around 92 Million dogs and 113 Million Cats were adopted as pets.
  • Pet owners are more vigilant about deworming their pets, boosting the demand for veterinary anthelmintic drugs. This trend is particularly strong in countries with high pet ownership rates, such as Germany, France, and the UK.
  • During the UK’s pandemic lockdowns, more than two million people adopted a pet. Similarly, over a million pets found new homes in Australia during the height of the pandemic.
  • Europe’s stringent regulatory framework ensures the safety and efficacy of anthelmintic drugs, which, while potentially slowing market access for new drugs, enhances patient and consumer confidence.
  • Regulatory bodies like the European Medicines Agency (EMA) play a crucial role in overseeing the approval and monitoring of these medications. This rigorous process ensures that only high-quality, effective treatments reach the market.
  • Benzimidazoles, a class of anthelmintic drugs, are expected to retain a dominant share in the European market, mirroring global trends. These drugs are widely recognized for their efficacy in treating a broad range of parasitic infections. Their continued dominance underscores the importance of established drug classes in the market.
  • Europe is a diverse region with varying healthcare systems and disease prevalence across different countries. While some trends are common across the continent, localized factors such as national healthcare policies, funding, and public health initiatives can influence market dynamics.
  • For example, Germany, France, and the UK may exhibit unique trends and demand patterns based on their specific healthcare environments and the prevalence of parasitic infections.
  • Detailed reports often provide a more granular analysis of the anthelmintic drugs market in specific European nations.
  • For instance, Germany’s robust healthcare system and high standards for animal welfare drive substantial demand for both human and veterinary anthelmintic drugs. Similarly, France’s emphasis on public health campaigns and the UK’s proactive approach to pet health significantly contribute to market growth.

Asia Pacific

  • Asia Pacific is anticipated to witness the fastest growth in the global anthelmintic drugs market during the forecast period owing to the region’s large and growing population, particularly in countries like India, China, and Indonesia, which is a significant driver for the demand for anthelmintic drugs.
  • High birth rates and rapid urbanization in these areas increase the need for healthcare services, including treatments for parasitic infections that thrive in densely populated environments.
  • Additionally, economic development in the region has led to rising disposable incomes, enabling individuals and families to allocate more funds to healthcare services and medications, including anthelmintic drugs. This financial growth improves access to healthcare and encourages people to seek medical treatment for parasitic infections.
  • Governments in the Asia Pacific region are also making substantial investments in healthcare infrastructure and disease control programs. These initiatives, aimed at improving overall health outcomes and controlling the spread of parasitic infections, contribute to the growing demand for anthelmintic drugs.
  • Public health programs, supported by increased funding, play a crucial role in this effort. Furthermore, educational campaigns and community outreach programs are raising awareness about parasitic infections and the importance of timely treatment, leading to higher diagnosis rates and increased use of anthelmintic medications.
  • The region’s warm and humid climate creates ideal conditions for the spread of parasitic worms, necessitating the widespread use of anthelmintic drugs. Both rural and urban areas in the Asia Pacific are affected by these infections, ensuring a consistent demand for treatment options.
  • The market is expected to be dominated by generic anthelmintic drugs due to their affordability and accessibility, making them more readily available in local pharmacies and healthcare centers.
  • In the veterinary segment, rising pet ownership, particularly in countries with growing middle-class populations, is driving the increased awareness of pet health and the need for veterinary anthelmintic drugs.
  • For instance, according to the Global Animal Health Association, in China, pet ownership has surged due to relaxed regulations and a declining birth rate. From 2014 to 2019, pet ownership in China increased by 113%, and experts predict that by 2024, China will have the highest number of pets in the world. Elsewhere in Asia, pet ownership in South Korea grew from 5 million to 7.5 million between 2014 and 2018, marking a 50% increase.
  • The agricultural sector also plays a significant role, as maintaining the health of livestock is crucial for food security and economic stability in many Asia Pacific countries. This combination of factors ensures a robust demand for both human and veterinary anthelmintic drugs in the region.

Global Anthelmintic Drugs Market Segmentation Analysis

The Global Anthelmintic Drugs Market is segmented based on Drug Class, Application, Distribution Channel, And Geography.

Anthelmintic Drugs Market Segmentation Analysis

Anthelmintic Drugs Market, By Drug Class

  • Benzimidazoles
  • Piperazine
  • Imidazothiazole
  • Spiroindoles

Based on Drug Class, the Global Anthelmintic Drugs Market is bifurcated into Benzimidazoles, Piperazine, Imidazothiazole, and Spiroindoles. The Piperazine segment is showing significant growth in the Global Anthelmintic Drugs Market. Piperazine is an antihelminthic drug that acts by blocking cholinergic neuromuscular receptors in worms, effectively paralyzing them. It was previously widely used for treating ascariasis, with a typical adult oral dose of 4 grams of piperazine hydrate. However, its use has largely been discontinued in most developed countries due to concerns about potential carcinogenic effects and changes seen in electroencephalograms.

Anthelmintic Drugs Market, By Application

  • Human Anthelmintics
  • Veterinary Anthelmintics

Based on the Application, the Global Anthelmintic Drugs Market is bifurcated into Human Anthelmintics, and Veterinary Anthelmintics. The Veterinary Anthelmintics segment is showing significant growth in the Global Anthelmintic Drugs Market owing to the rising trend of pet ownership globally, especially in developing countries, which is driving demand for veterinary anthelmintic drugs. Pet owners are increasingly recognizing the significance of deworming their pets to safeguard them against parasitic infections. This growing awareness of pet health has prompted veterinarians to emphasize routine deworming as a crucial preventive healthcare measure.

Additionally, the veterinary anthelmintic drugs segment extends its applications to deworming livestock animals. This practice is essential for maintaining the health and productivity of livestock in the agricultural sector. By addressing both pet and livestock health needs, the market for veterinary anthelmintic drugs continues to expand, driven by the dual imperatives of pet care and agricultural sustainability.

Anthelmintic Drugs Market, By Distribution Channel

  • Hospitals & Clinics
  • Retail Pharmacies
  • Online Pharmacies
  • Veterinary Clinics & Supply Stores

Based on the Distribution Channel, the Global Anthelmintic Drugs Market is bifurcated into Hospitals & Clinics, Retail Pharmacies, Online Pharmacies, and Veterinary Clinics & Supply Stores. Veterinary Clinics & Supply Stores segment showing significant growth in the Global Anthelmintic Drugs Market. Consulting with a veterinarian ensures accurate diagnosis and the prescription of appropriate medications for pets. This professional guidance provides access to a diverse selection of veterinary-specific anthelmintic drugs tailored to specific needs. For pet owners, this service offers convenience, often complemented by other essential pet care services, ensuring comprehensive health management for their animals.

Anthelmintic Drugs Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Global Anthelmintic Drugs Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is substantially dominating the Global Anthelmintic Drugs Market owing to global travel becoming more common, and the incidence of travel-associated parasitic infections has risen. Europe, being a major hub for international travel, faces a higher risk of such infections, which fuels the demand for effective anthelmintic treatments. The heightened awareness of these risks among travelers and healthcare providers has led to increased use of anthelmintic drugs. Pet ownership is on the rise in Europe, accompanied by an increasing awareness of the health risks posed by intestinal worms in animals. For instance, according to the Global Animal Health Association, in Europe in 2022 around 92 Million dogs and 113 Million Cats were adopted as pets. Pet owners are more vigilant about deworming their pets, boosting the demand for veterinary anthelmintic drugs. This trend is particularly strong in countries with high pet ownership rates, such as Germany, France, and the UK.

Key Players

The “Global Anthelmintic Drugs Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc., Bayer AG, Cipla Ltd., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Limited, Boehringer Ingelheim, Zoetis, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Anthelmintic Drugs Market Recent Developments

Anthelmintic Drugs Market Key Developments And Mergers

  • In January 2022, The United States Food and Drug Administration approved Zoetis’ new label indication for Simparica Trio. Simparica Trio is the first and only combination product that prevents Lyme disease-causing infections.
  • In February 2020, Zoetis stated that Simparica Trio (Caroliner, moxidectin, and pyrantel chewable pills) had received FDA approval, making it the first once-monthly chewable tablet in the United States. This drug provides complete protection against heartworm illness, roundworm ticks, fleas, and hookworms. This combination treatment expands on the established success of Simparica (Caroliner) Chewables, demonstrating Zoetis’ dedication to parasiticide innovation.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

GlaxoSmithKline plc, Johnson & Johnson, Merck & Co. Inc., Bayer AG, Cipla Ltd., Teva Pharmaceutical Industries Limited, Boehringer Ingelheim, Zoetis Inc.

SEGMENTS COVERED

By Type, By Application, By Distribution Channel, and Geography.

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Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Reasons to Purchase this Report:

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Frequently Asked Questions

Anthelmintic Drugs Market size was valued at USD 2.62 Billion in 2024 and is projected to reach USD 3.52 Billion by 2031, growing at a CAGR of 4.13% from 2024 to 2031.

Prevalence of Parasitic illnesses, Growing Awareness and Screening Programs, Technological Developments, and Increasing Veterinary Expenditure are the factors driving the growth of the Anthelmintic Drugs Market.

The major players are GlaxoSmithKline plc, Johnson & Johnson, Merck & Co. Inc., Bayer AG, Cipla Ltd., Teva Pharmaceutical Industries Limited, Boehringer Ingelheim, Zoetis Inc.

The Global Anthelmintic Drugs Market is Segmented on the basis of Type, Application, Distribution Channel, and Geography.

The sample report for the Anthelmintic Drugs Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Anthelmintic Drugs Market, By Type
• Chemical Anthelmintics
• Herbal Anthelmintics
• Biological Anthelmintics

5 Anthelmintic Drugs Market, By Application
• Human Anthelmintics
• Veterinary Anthelmintics

6 Anthelmintic Drugs Market, By Distribution Channel
• Hospitals & Clinics
• Retail Pharmacies
• Online Pharmacies
• Veterinary Clinics & Supply Stores

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• GlaxoSmithKline plc
• Johnson & Johnson
• Merck & Co., Inc.
• Bayer AG
• Cipla Ltd.
• Sun Pharmaceutical Industries Ltd.
• Teva Pharmaceutical Industries Limited
• Boehringer Ingelheim
• Zoetis Inc.

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

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We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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