Pruritus Therapeutics Market

Pruritus Therapeutics Market Size & Overview – Key Insights & Forecast

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12996
  • Published Date: Oct, 2022
  • Pages: 237
  • Category: Healthcare
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

Market Introduction

The global pruritus therapeutics market is expected to grow from USD 9.64 billion in 2022 to USD 12.43 billion by 2030, at a CAGR of 3.23% during the forecast period 2022-2030. The Asia Pacific is expected to grow the fastest during the forecast period.

Pruritus is when an individual develops the urge to scratch their skin as itchiness makes the body or the skin very uncomfortable. The skin or any part of the body becomes very irritated therefore developing the urge to scratch the skin. Itchiness of the skin can happen for multiple reasons, including hair regrowth, insect bites, dry skin, sunburns, and healing wounds. Pruritus can be restricted to one part of the body, or it can happen to the entire body. Brachioradial, pruritus ani, uremic pruritus, nocturnal and senile pruritus are some types of pruritus conditions that can affect an individual. Pruritus can be self-treated when it is not very severe by keeping the skin clean and moisturized, and avoiding known allergens and scratching. The medication used to treat pruritus is called pruritus therapeutics. Antihistamines, topical steroids, immunosuppressants, and corticosteroid creams are a few medications that can reduce the discomfort caused by pruritus. For instance, antihistamines are used to treat pruritus caused by some allergen. Similarly, advancements in the medical sector have led to new drug discoveries that are effective in treating pruritus conditions. With the rising awareness about skin conditions, their underlying causes, and treatments, the demand for pruritus therapeutics is anticipated to rise.

Pruritus Therapeutics Market Size

Get an overview of this study by requesting a free sample

Recent Development

September 2022 - To better the lives of pruritus patients, Cara Therapeutics, Inc., a commercial-stage biopharmaceutical company, announced that its licensing partner Maruishi Pharmaceutical Co., Ltd. had submitted an NDA in Japan for the approval of difelikefalin. Difelikefalin is a medication used for the treatment of pruritus in hemodialysis patients.

August 2022 - the safety and pharmacokinetics of CBP-174 in healthy adults were tested successfully in the first-in-human Phase 1 study of CBP-174. Connect Biopharma Holdings Limited did the study. The company is a global biopharmaceutical company that creates T-cell-driven therapies to treat inflammatory diseases. The therapeutic candidate CBP-174, a highly selective, peripherally acting H3 receptor antagonist, is being developed to treat the pruritus brought on by inflammatory and allergic skin conditions, such as atopic dermatitis.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Disease Type
          4.3.3. Market Attractiveness Analysis by Route of Administration
          4.3.4. Market Attractiveness Analysis by Distribution Channel
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing prevalence of skin diseases
    5.3. Restraints
          5.3.1. Poor understanding of pruritus and its pathology
    5.4. Opportunities
          5.4.1. New discoveries and product innovations
    5.5. Challenges
          5.5.1. Stringent government regulations

6. Global Pruritus Therapeutics Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Corticosteroids
    6.3. Local Anesthetics
    6.4. Immunosuppressants
    6.5. Antihistamines
    6.6. Counterirritants
    6.7. Calcineurin Inhibitors
    6.8. Others

7. Global Pruritus Therapeutics Market Analysis and Forecast, By Disease Type
    7.1. Segment Overview
    7.2. Atopic Dermatitis
    7.3. Urticaria
    7.4. Allergic Contact Dermatitis
    7.5. Psoriasis
    7.6. Others

8. Global Pruritus Therapeutics Market Analysis and Forecast, By Route of Administration
    8.1. Segment Overview
    8.2. Oral
    8.3. Topical
    8.4. Parenteral

9. Global Pruritus Therapeutics Market Analysis and Forecast, By Distribution Channel
    9.1. Segment Overview
    9.2. Hospital Pharmacies
    9.3. Online Pharmacies
    9.4. Retail Pharmacies
    9.5. Others

10. Global Pruritus Therapeutics Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Pruritus Therapeutics Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Pruritus Therapeutics Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Actavis Plc
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Amgen Inc.
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Bristol-Myers Squibb
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Cara Therapeutics
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Cipla
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. EPI Health LLC
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. GlaxoSmithKline
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Novartis Pharmaceuticals Corporation
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Pfizer
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Sanofi Aventis
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

2. Global Corticosteroids Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

3. Global Local Anesthetics Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

4. Global Immunosuppressants Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

5. Global Antihistamines Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

6. Global Counterirritants Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

7. Global Calcineurin Inhibitors Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

8. Global Others Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

9. Global Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

10. Global Atopic Dermatitis Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

11. Global Urticaria Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

12. Global Allergic Contact Dermatitis Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

13. Global Psoriasis Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

14. Global Others Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

15. Global Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

16. Global Oral Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

17. Global Topical Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

18. Global Parenteral Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

19. Global Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

20. Global Hospital Pharmacies Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

21. Global Online Pharmacies Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

22. Global Retail Pharmacies Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

23. Global Others Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

24. Global Pruritus Therapeutics Market, By Region, 2019-2030 (USD Billion) 

25. North America Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

26. North America Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

27. North America Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

28. North America Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

29. U.S. Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

30. U.S. Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

31. U.S. Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

32. U.S. Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

33. Canada Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

34. Canada Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

35. Canada Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

36. Canada Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

37. Mexico Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

38. Mexico Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

39. Mexico Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

40. Mexico Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

41. Europe Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

42. Europe Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

43. Europe Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

44. Europe Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

45. Germany Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

46. Germany Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

47. Germany Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

48. Germany Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

49. France Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

50. France Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

51. France Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

52. France Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

53. U.K. Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

54. U.K. Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

55. U.K. Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

56. U.K. Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

57. Italy Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

58. Italy Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

59. Italy Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

60. Italy Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

61. Spain Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

62. Spain Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

63. Spain Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

64. Spain Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

65. Asia Pacific Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

66. Asia Pacific Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

67. Asia Pacific Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

68. Asia Pacific Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

69. Japan Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

70. Japan Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

71. Japan Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

72. Japan Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

73. China Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

74. China Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

75. China Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

76. China Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

77. India Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

78. India Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

79. India Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

80. India Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

81. South America Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

82. South America Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

83. South America Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion)

84. South America Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion)

85. Brazil Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

86. Brazil Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

87. Brazil Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

88. Brazil Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion)

89. Middle East and Africa Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

90. Middle East and Africa Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

91. Middle East and Africa Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

92. Middle East and Africa Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion)

93. UAE Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

94. UAE Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

95. UAE Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

96. UAE Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion)

97. South Africa Pruritus Therapeutics Market, By Product Type, 2019-2030 (USD Billion) 

98. South Africa Pruritus Therapeutics Market, By Disease Type, 2019-2030 (USD Billion) 

99. South Africa Pruritus Therapeutics Market, By Route of Administration, 2019-2030 (USD Billion) 

100. South Africa Pruritus Therapeutics Market, By Distribution Channel, 2019-2030 (USD Billion) 

List of Figures 

1. Global Pruritus Therapeutics Market Segmentation

2. Pruritus Therapeutics Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Pruritus Therapeutics Market Attractiveness Analysis by Product Type

9. Global Pruritus Therapeutics Market Attractiveness Analysis by Disease Type

10. Global Pruritus Therapeutics Market Attractiveness Analysis by Route of Administration

11. Global Pruritus Therapeutics Market Attractiveness Analysis by Distribution Channel

12. Global Pruritus Therapeutics Market Attractiveness Analysis by Region

13. Global Pruritus Therapeutics Market: Dynamics

14. Global Pruritus Therapeutics Market Share by Product Type (2022 & 2030)

15. Global Pruritus Therapeutics Market Share by Disease Type (2022 & 2030)

16. Global Pruritus Therapeutics Market Share by Route of Administration (2022 & 2030)

17. Global Pruritus Therapeutics Market Share by Distribution Channel (2022 & 2030)

18. Global Pruritus Therapeutics Market Share by Regions (2022 & 2030)

19. Global Pruritus Therapeutics Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the pruritus therapeutics market based on below mentioned segments:

Pruritus Therapeutics Market by Product Type:

  • Corticosteroids
  • Local Anesthetics
  • Immunosuppressants
  • Antihistamines
  • Counterirritants
  • Calcineurin Inhibitors
  • Others

Pruritus Therapeutics Market by Disease Type:

  • Atopic Dermatitis
  • Urticaria
  • Allergic Contact Dermatitis
  • Psoriasis
  • Others

Pruritus Therapeutics Market by Route of Administration:

  • Oral
  • Topical
  • Parenteral

Pruritus Therapeutics Market by Distribution Channel:

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies
  • Others

Pruritus Therapeutics Market by Region:

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

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

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

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

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

The demand side for the market is estimated through:

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

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

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

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

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

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

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

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

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date