Osteosynthesis Devices Market Analysis By Type(Internal Devices, External Devices), By Material(Degradable, Nondegradable), By Fracture Type(Skull, Facial Bones, Sternum or One or More Ribs, or Both, Clavicle, Scapula, or Humerus, Radius or Ulna, or Both, Hand, Wrist, or Other Distal Part of Hand, Vertebral Column, Pelvis, Hip, Femur, Other Than Femoral Neck, Patella, Tibia or Fibula, or Ankle, Foot Bones Except Ankle), By End User(Hospitals, Orthopedic Specialist Clinic) & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 217
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Osteosynthesis Devices worldwide was worth $ 8.3 billion US dollars. AMR Group projects that the market will reach US$ 15.7 billion by 2031, growing at a CAGR of 8.5 percent between 2022 and 2031.
Industry Overview
Osteosynthesis Devices are used in Osteosynthesis which is the process used in the reduction & internal fixation of fractures with an implant. Surgical procedures in this treatment are performed using an open or percutaneous approach of the fractured bone in the body. With the rising incidences of bone injuries and fractures throughout the globe, osteosynthesis devices are in demand for the surgical procedures. This surgery is performed by the special designed metal plates, screws, and nail-shaped osteosynthesis devices are utilized to heal and repair bone by compression technique between fragments and achieve fracture healing. Furthermore, Internal fixation osteosynthesis devices provides that the bones heal and fuse in the correct position during and after the healing process. During the surgical treatment, bone fragments are repositioned into the ideal position and are then held together with internal fixation osteosynthesis devices like screws & plates, wires & pins, intramedullary rods, and nails depending on the area of fixation. These devices are basically made of stainless steel, titanium, and cobalt & chrome alloys, with titanium being the most preferred material due to its durability and its elasticity.
Osteosynthesis devices are divided majorly into two, internal fixation devices & external fixation devices. The application of these devices is completely based on the type of injury. External fixation devices provide stabilize bone & soft tissues with minimum invasion. Internal fixation osteosynthesis devices includes surgical implementation of implants that help in bone healing.
Market Dynamics
The global Osteosynthesis Devices market is rising in demand for better facilities in orthopedic surgeries, increasing incidences of osteoporosis, along with increase in investments by governments & multinational companies. According to the International Osteoporosis Foundation, around 8.9 million fractures per year across the world are mainly caused due to osteoporosis, resulting in an osteoporotic fracture every few period of time.
Technological advancements are driving the Osteosynthesis Devices market by providing the development of more advanced devices that incorporate advanced technologies & equipment’s. The rising prevalence of oral health diseases, moderate activity, changing lifestyles, and consumer awareness are the factors boosting the growth of Osteosynthesis Devices market during the forecast period. An increase in the incidences of osteoporosis demands for high quality facilities in orthopaedic surgeries, is the major driver of the global Osteosynthesis external fixation devices market. Growing investment by dominant key players and government organizations are giving a lucrative opportunity for the global market. Age related fractures are projected to rise in nationally from 2.1 million in 2005 to over 3 million in 2025, by rising geriatric population at risk. Additionally, biodegradable implants made of polymers, calcium phosphate ceramics, iron, glass, and magnesium and its alloys are enhancing popularity due to their superior bio-compatibility and workability are expected to hinder the market growth of Osteosynthesis Devices.
COVID Impact
The COVID-19 pandemic gave a mild negative impact on the Osteosynthesis Devices business market. The COVID-19 pandemic became as a global health crisis and inflicted notable disease burden and financial adversities on several sectors of the global economy. As the Corona virus transmission was at its peak, prohibition of social gathering and complete lockdown was bounded by the government. As the virus is majorly transmitted throughout the globe people tended less to go out of there house and which caused no injuries and bone fractures leading no growth and demand for the Osteosynthesis Devices. Also, many patients restricted themselves from visiting the hospitals in the fear of COVID-19 transmission. This caused the reduction in use of Osteosynthesis Devices and reduced the demand for advanced equipment for non-invasive dental treatments. Moreover, due to economic crises faced by many people in the pandemic, they were unable to afford expensive dental treatment which has further resulted in the decreased growth of Osteosynthesis Devices market.
Regional Trend
Geographically, North America dominated the Osteosynthesis Devices market and had the largest revenue share of 52.6% in 2022. The growth in this region can be attributed to due to the significant government efforts, new product releases, and substantial R&D expenditures. Rising healthcare expenses of the major orthopedic device market in the U.S. making it the most financially advantageous and the largest market for osteosynthesis equipment. With reference to A survey conducted by the American hospital association, states that there was more number of joint replacement centers in the United States as compared to other regions in the globe. Bone replacement centers in the U.S provide advanced facilities to stabilize patients and arrange more appropriate facility for them.
Asia Pacific region is expected to present outstanding Osteosynthesis Devices market opportunities due high population density and rapid expansion of healthcare infrastructure and reach. Additionally, the growing disposable income in countries like India and Japan is further contributing to the region’s positive market growth. Rise in awareness among parents about the potential long-term effects of facture treatments in patients has enhanced the emphasis on early diagnosis & treatment.
Competitive Landscape
Key players operating in the Osteosynthesis Devices Market includes, Arthrex, B. Braun Melsungen AG, DePuy Synthes, Inc. (J & J Company), G.S. Solutions, Inc., Globus Medical, Inc., GS Medical LLC, Lepu Medical Technology(Beijing) Co., Ltd., Life Spine, Inc., Medtronic, MicroPort Orthopedics, Inc., Néosteo SAS, Olympus Corporation, Precision Spine, Inc., Smith & Nephew, Stryker and Zimmer Biomet Inc. among others. In July 2019, the German organization aap Implante stated plans to shut down operating its standard trauma business, which includes the company's brand of standard plates and screws, and rather focus on its line of the cannulated screw, LOQTEQ plating systems, and greater anatomic plates and screws.
Key USP’s-
Smith & Nephew introduced its EVOS WRIST anatomic plating system in 2019. EVOS WRIST enables titanium and stainless steel plates for various anatomies, like the volar, forearm, and dorsal.
Market Segmentation
Based upon the Type in the Osteosynthesis Devices market is segmented in Internal Devices and External Devices. The Type segment is dominated by Internal Devices with the highest revenue share from this segment in the Osteosynthesis Devices market for 2021. Type segment rises due to increasing adoption of fixing fractures, metal plates, screws, and nails are the most often utilized internal fixation devices. Based on the Material, the Osteosynthesis Devices market is segmented into Degradable and Non-degradable. In the material segment the most dominant market is Non-degradable which is a segment represented the largest revenue share of 81.8% of the market. Companies are developing solutions for the enhancing its anatomic plate and screw sectors, especially for less prevalent indications, are boosting the market segment. Based on the Fracture Type, the Osteosynthesis Devices market is segmented into Skull, Facial Bones, Sternum or One or More Ribs, or Both, Clavicle, Scapula, or Humerus, Radius or Ulna, or Both, Hand, Wrist, or Other Distal Part of Hand, Vertebral Column, Pelvis, Hip, Femur, Other Than Femoral Neck, Patella, Tibia or Fibula, or Ankle, and Foot Bones Except Ankle.
End user segment of Osteosynthesis Devices market is further bifurcated into Hospitals, Orthopedic Specialist Clinic, and Others. The Hospital segment held major share of the global market in 2021. Demand for medical procedures, including Osteosynthesis Devices, is high in hospital due to the rising number of patients visiting for treatment.
By Type
· Internal Devices
o Screws & Plates
o Wires & pins
o Intramedullary rods and nails
o Spinal fixation devices
· External Devices
o Fracture fixation
o Bone lengthening
By Material
· Degradable
· Nondegradable
By Fracture Type
· Skull
· Facial Bones
· Sternum or One or More Ribs, or Both
· Clavicle, Scapula, or Humerus
· Radius or Ulna, or Both
· Hand, Wrist, or Other Distal Part of Hand
· Vertebral Column
· Pelvis
· Hip
· Femur, Other Than Femoral Neck
· Patella, Tibia or Fibula, or Ankle
· Foot Bones Except Ankle
By End User
· Hospitals
· Orthopedic Specialist Clinic
· Others
Global Osteosynthesis Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Osteosynthesis Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Osteosynthesis Devices Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Osteosynthesis Devices Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Osteosynthesis Devices
1.3 Osteosynthesis Devices Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Osteosynthesis Devices
1.4.2 Applications of Osteosynthesis Devices
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Globus Medical Inc. Market Performance Analysis
3.1.1 Globus Medical Inc. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Globus Medical Inc. Sales, Value, Price, Gross Margin 2016-2021
3.2 DePuy Synthes (J & J Company) Market Performance Analysis
3.2.1 DePuy Synthes (J & J Company) Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 DePuy Synthes (J & J Company) Sales, Value, Price, Gross Margin 2016-2021
3.3 Neosteo SAS Market Performance Analysis
3.3.1 Neosteo SAS Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Neosteo SAS Sales, Value, Price, Gross Margin 2016-2021
3.4 GS Medical, LLC Market Performance Analysis
3.4.1 GS Medical, LLC Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 GS Medical, LLC Sales, Value, Price, Gross Margin 2016-2021
3.5 Stryker Corporation Market Performance Analysis
3.5.1 Stryker Corporation Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Stryker Corporation Sales, Value, Price, Gross Margin 2016-2021
3.6 B. Braun Market Performance Analysis
3.6.1 B. Braun Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 B. Braun Sales, Value, Price, Gross Margin 2016-2021
3.7 Smith & Nephew Market Performance Analysis
3.7.1 Smith & Nephew Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Smith & Nephew Sales, Value, Price, Gross Margin 2016-2021
3.8 Precision Spine, Inc. Market Performance Analysis
3.8.1 Precision Spine, Inc. Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Precision Spine, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.9 MicroPort Orthopedics, Inc. Market Performance Analysis
3.9.1 MicroPort Orthopedics, Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 MicroPort Orthopedics, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 Zimmer Biomet Holdings Market Performance Analysis
3.10.1 Zimmer Biomet Holdings Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Zimmer Biomet Holdings Sales, Value, Price, Gross Margin 2016-2021
3.11 Life Spine, Inc. Market Performance Analysis
3.11.1 Life Spine, Inc. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Life Spine, Inc. Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Osteosynthesis Devices Production and Value by Type
4.1.1 Global Osteosynthesis Devices Production by Type 2016-2021
4.1.2 Global Osteosynthesis Devices Market Value by Type 2016-2021
4.2 Global Osteosynthesis Devices Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Internal Fixation Devices Market Production, Value and Growth Rate
4.2.2 External Fixation Devices Market Production, Value and Growth Rate
4.3 Global Osteosynthesis Devices Production and Value Forecast by Type
4.3.1 Global Osteosynthesis Devices Production Forecast by Type 2022-2030
4.3.2 Global Osteosynthesis Devices Market Value Forecast by Type 2022-2030
4.4 Global Osteosynthesis Devices Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Internal Fixation Devices Market Production, Value and Growth Rate Forecast
4.4.2 External Fixation Devices Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Osteosynthesis Devices Consumption and Value by Application
5.1.1 Global Osteosynthesis Devices Consumption by Application 2016-2021
5.1.2 Global Osteosynthesis Devices Market Value by Application 2016-2021
5.2 Global Osteosynthesis Devices Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Hospital Market Consumption, Value and Growth Rate
5.2.2 Orthopedic Specialist Clinic Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Osteosynthesis Devices Consumption and Value Forecast by Application
5.3.1 Global Osteosynthesis Devices Consumption Forecast by Application 2022-2030
5.3.2 Global Osteosynthesis Devices Market Value Forecast by Application 2022-2030
5.4 Global Osteosynthesis Devices Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Hospital Market Consumption, Value and Growth Rate Forecast
5.4.2 Orthopedic Specialist Clinic Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast
6 Global Osteosynthesis Devices by Region, Historical Data and Market Forecasts
6.1 Global Osteosynthesis Devices Sales by Region 2016-2021
6.2 Global Osteosynthesis Devices Market Value by Region 2016-2021
6.3 Global Osteosynthesis Devices Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Osteosynthesis Devices Sales Forecast by Region 2022-2030
6.5 Global Osteosynthesis Devices Market Value Forecast by Region 2022-2030
6.6 Global Osteosynthesis Devices Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2030
7.1 United State Osteosynthesis Devices Value and Market Growth 2016-2021
7.2 United State Osteosynthesis Devices Sales and Market Growth 2016-2021
7.3 United State Osteosynthesis Devices Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2030
8.1 Canada Osteosynthesis Devices Value and Market Growth 2016-2021
8.2 Canada Osteosynthesis Devices Sales and Market Growth 2016-2021
8.3 Canada Osteosynthesis Devices Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2030
9.1 Germany Osteosynthesis Devices Value and Market Growth 2016-2021
9.2 Germany Osteosynthesis Devices Sales and Market Growth 2016-2021
9.3 Germany Osteosynthesis Devices Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2030
10.1 UK Osteosynthesis Devices Value and Market Growth 2016-2021
10.2 UK Osteosynthesis Devices Sales and Market Growth 2016-2021
10.3 UK Osteosynthesis Devices Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2030
11.1 France Osteosynthesis Devices Value and Market Growth 2016-2021
11.2 France Osteosynthesis Devices Sales and Market Growth 2016-2021
11.3 France Osteosynthesis Devices Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2030
12.1 Italy Osteosynthesis Devices Value and Market Growth 2016-2021
12.2 Italy Osteosynthesis Devices Sales and Market Growth 2016-2021
12.3 Italy Osteosynthesis Devices Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2030
13.1 Spain Osteosynthesis Devices Value and Market Growth 2016-2021
13.2 Spain Osteosynthesis Devices Sales and Market Growth 2016-2021
13.3 Spain Osteosynthesis Devices Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2030
14.1 Russia Osteosynthesis Devices Value and Market Growth 2016-2021
14.2 Russia Osteosynthesis Devices Sales and Market Growth 2016-2021
14.3 Russia Osteosynthesis Devices Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2030
15.1 China Osteosynthesis Devices Value and Market Growth 2016-2021
15.2 China Osteosynthesis Devices Sales and Market Growth 2016-2021
15.3 China Osteosynthesis Devices Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2030
16.1 Japan Osteosynthesis Devices Value and Market Growth 2016-2021
16.2 Japan Osteosynthesis Devices Sales and Market Growth 2016-2021
16.3 Japan Osteosynthesis Devices Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Osteosynthesis Devices Value and Market Growth 2016-2021
17.2 South Korea Osteosynthesis Devices Sales and Market Growth 2016-2021
17.3 South Korea Osteosynthesis Devices Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2030
18.1 Australia Osteosynthesis Devices Value and Market Growth 2016-2021
18.2 Australia Osteosynthesis Devices Sales and Market Growth 2016-2021
18.3 Australia Osteosynthesis Devices Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Osteosynthesis Devices Value and Market Growth 2016-2021
19.2 Thailand Osteosynthesis Devices Sales and Market Growth 2016-2021
19.3 Thailand Osteosynthesis Devices Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Osteosynthesis Devices Value and Market Growth 2016-2021
20.2 Brazil Osteosynthesis Devices Sales and Market Growth 2016-2021
20.3 Brazil Osteosynthesis Devices Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Osteosynthesis Devices Value and Market Growth 2016-2021
21.2 Argentina Osteosynthesis Devices Sales and Market Growth 2016-2021
21.3 Argentina Osteosynthesis Devices Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2030
22.1 Chile Osteosynthesis Devices Value and Market Growth 2016-2021
22.2 Chile Osteosynthesis Devices Sales and Market Growth 2016-2021
22.3 Chile Osteosynthesis Devices Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Osteosynthesis Devices Value and Market Growth 2016-2021
23.2 South Africa Osteosynthesis Devices Sales and Market Growth 2016-2021
23.3 South Africa Osteosynthesis Devices Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Osteosynthesis Devices Value and Market Growth 2016-2021
24.2 Egypt Osteosynthesis Devices Sales and Market Growth 2016-2021
24.3 Egypt Osteosynthesis Devices Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2030
25.1 UAE Osteosynthesis Devices Value and Market Growth 2016-2021
25.2 UAE Osteosynthesis Devices Sales and Market Growth 2016-2021
25.3 UAE Osteosynthesis Devices Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Osteosynthesis Devices Value and Market Growth 2016-2021
26.2 Saudi Arabia Osteosynthesis Devices Sales and Market Growth 2016-2021
26.3 Saudi Arabia Osteosynthesis Devices Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
}})
Select a license type that suits your business needs
US $3950
Only Three Thousand Nine Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4950
Only Four Thousand Nine Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5950
Only Five Thousand Nine Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI