3D Hip and Knee Implant Market Size - Growth by 2031
The 3D Hip and Knee Implant Market is expected to register a CAGR of 6.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented By Implant (Total Hip Replacement Implant, Partial Hip Replacement Implant, Hip Resurfacing Implant, and Revision Hip Replacement Implant); Material (Metal on Metal, Metal on Polyethylene, Ceramic on Metal, Ceramic on Polyethylene, and Ceramic on Ceramic); End Use (Hospitals, Orthopedics Clinics, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report 3D Hip and Knee Implant Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
3D Hip and Knee Implant Market Segmentation
Implant- Total Hip Replacement Implant
- Partial Hip Replacement Implant
- Hip Resurfacing Implant
- Revision Hip Replacement Implant
- Metal on Metal
- Metal on Polyethylene
- Ceramic on Metal
- Ceramic on Polyethylene
- Ceramic on Ceramic
- Hospitals
- Orthopedics Clinics
- Others
Strategic Insights
3D Hip and Knee Implant Market Growth Drivers- Technological Advancements in 3D Printing: One of the determinants for the growth of the 3D hip and knee implant market is the development of 3D printing technologies. 3D printing makes it possible to design implants that fit the patient’s structure exactly thus enhancing fit, comfort, and function. These individual implants help in better performance of surgeries and quick healing and this creates a pull in the demand curve for the orthopedic market.
- Rising Aging Population and Osteoarthritis Prevalence: The global increase in the elderly population is greatly boosting the market for 3d hip and knee implants. Due to the increasing age of people, such conditions as osteoarthritis and joint degeneration tend to occur leading to an increased number of joint replacement surgeries. 3D implants regenerate undergoes plate surgery For these reasons, 3D implants are preferred in these interventions.
- Demand for Improved Surgical Outcomes and Faster Recovery: The focus on better patient outcomes shortly after the intervention is making 3D-printed hip and knee implants very popular in the contemporary market and its corresponding surgeries very much in return. Such implants exhibit advanced tolerances in regard to fit and biomechanical properties in contrast to normal implants. In order to enhance the quality of surgical procedures, reduce their complications, shorten the length of hospital stays, and all-in-all achieve positive outcomes of surgical interventions, healthcare givers are embracing 3D implants with the encouragement of their performance superiority and patient customization features.
- Customization and Patient-Specific Implants: In addition, the other main trend, which is very rapidly gathering popularity in the market of 3D hip and knee implants, is the growing willingness to use the so-called patient matched implants. In fact, with the help of 3D printing technology it is even possible to fabricate an implant that fully conforms to the precise contours of the body which provides more comfort and usability as well as longer life of the implant. Because of these effects, this trend is encouraging, as it improves the results of surgery, and minimizes the risk of any complications.
- Integration of Digital Technologies and Pre-Surgical Planning: The combination of technologies such as CAD and virtual surgical planning as well as the application of 3D printing technology in the OT also becomes another trend. 3D images made from CT pictures of the patients are employed by the physicians to design the operation more precisely. Such an approach minimizes the potential misalignment of the implants, which is one of the causes of poor surgical performance, leading to better surgical results for the patients.
- Focus on Advanced Materials for Durability: The trend seen in the 3D hip and knee implants market is the incorporation of new age strong materials. The company is constructing 3D implants from biocompatible titanium and advanced polymer composite materials. They also provide enhanced wear properties and longer durability of the implants, which solves the issue of implants failing and intervention being needed to change them, hence increasing the growth of the market.
- Expanding Market for Elderly and Active Patients: With the increase in the elderly population around the world, it offers a good chance to grow the market for 3D knee and hip implants. Implants made to fit well and function are well sought by not only the old patients but also the young and active ones who have joint complications. This growth in the market brings in possible growth in adoption rates in both age groups.
- Advancements in Robotic-Assisted Surgery: The evolution of minimally invasive surgeries using robotics creates an avenue for the growth of the 3D hip and knee implant market. Robotic machines can help in better placement of the implants which allows for better placement of the 3D printed implants. The combination of robotic surgery and 3D printing of implants enhances the outcome of the patient, shortens the time for recovery and creates a new market for sophisticated orthopedic procedures that did not exist before.
- Untapped Emerging Markets: The enhanced healthcare system and disposable income in developing regions such as Asia-Pacific, Latin America, and Africa present great potential for the 3D hip and knee implants market. There is a drastic increase in the region for orthopedic interventions and hence there is bound to be an upsurge of demand for Implants that are unique and 3D in design thus motivating the growth of these unexploited regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the 3D Hip and Knee Implant Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the 3D Hip and Knee Implant Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is expected to grow at a CAGR of 6.9%
Technological advancements in 3d printing and rising aging population and osteoarthritis prevalence are the major factors boosting the 3D hip and knee implant market growth
The North America region accounts for highest revenue share 3D hip and knee implant market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
Zimmer Biomet, Stryker, Smith and Nephew, Aesculap, Exactech, Corin Orthopedics, Johnson and Johnson Services, DJO Global, Micro Port Scientific Corporation, 3D Bioprinting Solutions are the some of the key market players operating in the 3D hip and knee implant market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 3D Hip And Knee Implant Market - By Implant
1.3.2 3D Hip And Knee Implant Market - By Material
1.3.3 3D Hip And Knee Implant Market - By End Use
1.3.4 3D Hip And Knee Implant Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. 3D HIP AND KNEE IMPLANT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. 3D HIP AND KNEE IMPLANT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. 3D HIP AND KNEE IMPLANT MARKET - GLOBAL MARKET ANALYSIS
6.1. 3D HIP AND KNEE IMPLANT - GLOBAL MARKET OVERVIEW
6.2. 3D HIP AND KNEE IMPLANT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. 3D HIP AND KNEE IMPLANT MARKET - REVENUE AND FORECASTS TO 2028 - IMPLANT
7.1. OVERVIEW
7.2. IMPLANT MARKET FORECASTS AND ANALYSIS
7.3. TOTAL HIP REPLACEMENT IMPLANT
7.3.1. Overview
7.3.2. Total Hip Replacement Implant Market Forecast and Analysis
7.4. PARTIAL HIP REPLACEMENT IMPLANT
7.4.1. Overview
7.4.2. Partial Hip Replacement Implant Market Forecast and Analysis
7.5. HIP RESURFACING IMPLANT
7.5.1. Overview
7.5.2. Hip Resurfacing Implant Market Forecast and Analysis
7.6. REVISION HIP REPLACEMENT IMPLANT
7.6.1. Overview
7.6.2. Revision Hip Replacement Implant Market Forecast and Analysis
8. 3D HIP AND KNEE IMPLANT MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. METAL ON METAL
8.3.1. Overview
8.3.2. Metal on Metal Market Forecast and Analysis
8.4. METAL ON POLYETHYLENE
8.4.1. Overview
8.4.2. Metal on Polyethylene Market Forecast and Analysis
8.5. CERAMIC ON METAL
8.5.1. Overview
8.5.2. Ceramic on Metal Market Forecast and Analysis
8.6. CERAMIC ON POLYETHYLENE
8.6.1. Overview
8.6.2. Ceramic on Polyethylene Market Forecast and Analysis
8.7. CERAMIC ON CERAMIC
8.7.1. Overview
8.7.2. Ceramic on Ceramic Market Forecast and Analysis
9. 3D HIP AND KNEE IMPLANT MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. ORTHOPEDICS CLINICS
9.4.1. Overview
9.4.2. Orthopedics Clinics Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. 3D HIP AND KNEE IMPLANT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America 3D Hip And Knee Implant Market Overview
10.1.2 North America 3D Hip And Knee Implant Market Forecasts and Analysis
10.1.3 North America 3D Hip And Knee Implant Market Forecasts and Analysis - By Implant
10.1.4 North America 3D Hip And Knee Implant Market Forecasts and Analysis - By Material
10.1.5 North America 3D Hip And Knee Implant Market Forecasts and Analysis - By End Use
10.1.6 North America 3D Hip And Knee Implant Market Forecasts and Analysis - By Countries
10.1.6.1 United States 3D Hip And Knee Implant Market
10.1.6.1.1 United States 3D Hip And Knee Implant Market by Implant
10.1.6.1.2 United States 3D Hip And Knee Implant Market by Material
10.1.6.1.3 United States 3D Hip And Knee Implant Market by End Use
10.1.6.2 Canada 3D Hip And Knee Implant Market
10.1.6.2.1 Canada 3D Hip And Knee Implant Market by Implant
10.1.6.2.2 Canada 3D Hip And Knee Implant Market by Material
10.1.6.2.3 Canada 3D Hip And Knee Implant Market by End Use
10.1.6.3 Mexico 3D Hip And Knee Implant Market
10.1.6.3.1 Mexico 3D Hip And Knee Implant Market by Implant
10.1.6.3.2 Mexico 3D Hip And Knee Implant Market by Material
10.1.6.3.3 Mexico 3D Hip And Knee Implant Market by End Use
10.2. EUROPE
10.2.1 Europe 3D Hip And Knee Implant Market Overview
10.2.2 Europe 3D Hip And Knee Implant Market Forecasts and Analysis
10.2.3 Europe 3D Hip And Knee Implant Market Forecasts and Analysis - By Implant
10.2.4 Europe 3D Hip And Knee Implant Market Forecasts and Analysis - By Material
10.2.5 Europe 3D Hip And Knee Implant Market Forecasts and Analysis - By End Use
10.2.6 Europe 3D Hip And Knee Implant Market Forecasts and Analysis - By Countries
10.2.6.1 Germany 3D Hip And Knee Implant Market
10.2.6.1.1 Germany 3D Hip And Knee Implant Market by Implant
10.2.6.1.2 Germany 3D Hip And Knee Implant Market by Material
10.2.6.1.3 Germany 3D Hip And Knee Implant Market by End Use
10.2.6.2 France 3D Hip And Knee Implant Market
10.2.6.2.1 France 3D Hip And Knee Implant Market by Implant
10.2.6.2.2 France 3D Hip And Knee Implant Market by Material
10.2.6.2.3 France 3D Hip And Knee Implant Market by End Use
10.2.6.3 Italy 3D Hip And Knee Implant Market
10.2.6.3.1 Italy 3D Hip And Knee Implant Market by Implant
10.2.6.3.2 Italy 3D Hip And Knee Implant Market by Material
10.2.6.3.3 Italy 3D Hip And Knee Implant Market by End Use
10.2.6.4 Spain 3D Hip And Knee Implant Market
10.2.6.4.1 Spain 3D Hip And Knee Implant Market by Implant
10.2.6.4.2 Spain 3D Hip And Knee Implant Market by Material
10.2.6.4.3 Spain 3D Hip And Knee Implant Market by End Use
10.2.6.5 United Kingdom 3D Hip And Knee Implant Market
10.2.6.5.1 United Kingdom 3D Hip And Knee Implant Market by Implant
10.2.6.5.2 United Kingdom 3D Hip And Knee Implant Market by Material
10.2.6.5.3 United Kingdom 3D Hip And Knee Implant Market by End Use
10.2.6.6 Rest of Europe 3D Hip And Knee Implant Market
10.2.6.6.1 Rest of Europe 3D Hip And Knee Implant Market by Implant
10.2.6.6.2 Rest of Europe 3D Hip And Knee Implant Market by Material
10.2.6.6.3 Rest of Europe 3D Hip And Knee Implant Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific 3D Hip And Knee Implant Market Overview
10.3.2 Asia-Pacific 3D Hip And Knee Implant Market Forecasts and Analysis
10.3.3 Asia-Pacific 3D Hip And Knee Implant Market Forecasts and Analysis - By Implant
10.3.4 Asia-Pacific 3D Hip And Knee Implant Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific 3D Hip And Knee Implant Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific 3D Hip And Knee Implant Market Forecasts and Analysis - By Countries
10.3.6.1 Australia 3D Hip And Knee Implant Market
10.3.6.1.1 Australia 3D Hip And Knee Implant Market by Implant
10.3.6.1.2 Australia 3D Hip And Knee Implant Market by Material
10.3.6.1.3 Australia 3D Hip And Knee Implant Market by End Use
10.3.6.2 China 3D Hip And Knee Implant Market
10.3.6.2.1 China 3D Hip And Knee Implant Market by Implant
10.3.6.2.2 China 3D Hip And Knee Implant Market by Material
10.3.6.2.3 China 3D Hip And Knee Implant Market by End Use
10.3.6.3 India 3D Hip And Knee Implant Market
10.3.6.3.1 India 3D Hip And Knee Implant Market by Implant
10.3.6.3.2 India 3D Hip And Knee Implant Market by Material
10.3.6.3.3 India 3D Hip And Knee Implant Market by End Use
10.3.6.4 Japan 3D Hip And Knee Implant Market
10.3.6.4.1 Japan 3D Hip And Knee Implant Market by Implant
10.3.6.4.2 Japan 3D Hip And Knee Implant Market by Material
10.3.6.4.3 Japan 3D Hip And Knee Implant Market by End Use
10.3.6.5 South Korea 3D Hip And Knee Implant Market
10.3.6.5.1 South Korea 3D Hip And Knee Implant Market by Implant
10.3.6.5.2 South Korea 3D Hip And Knee Implant Market by Material
10.3.6.5.3 South Korea 3D Hip And Knee Implant Market by End Use
10.3.6.6 Rest of Asia-Pacific 3D Hip And Knee Implant Market
10.3.6.6.1 Rest of Asia-Pacific 3D Hip And Knee Implant Market by Implant
10.3.6.6.2 Rest of Asia-Pacific 3D Hip And Knee Implant Market by Material
10.3.6.6.3 Rest of Asia-Pacific 3D Hip And Knee Implant Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa 3D Hip And Knee Implant Market Overview
10.4.2 Middle East and Africa 3D Hip And Knee Implant Market Forecasts and Analysis
10.4.3 Middle East and Africa 3D Hip And Knee Implant Market Forecasts and Analysis - By Implant
10.4.4 Middle East and Africa 3D Hip And Knee Implant Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa 3D Hip And Knee Implant Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa 3D Hip And Knee Implant Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa 3D Hip And Knee Implant Market
10.4.6.1.1 South Africa 3D Hip And Knee Implant Market by Implant
10.4.6.1.2 South Africa 3D Hip And Knee Implant Market by Material
10.4.6.1.3 South Africa 3D Hip And Knee Implant Market by End Use
10.4.6.2 Saudi Arabia 3D Hip And Knee Implant Market
10.4.6.2.1 Saudi Arabia 3D Hip And Knee Implant Market by Implant
10.4.6.2.2 Saudi Arabia 3D Hip And Knee Implant Market by Material
10.4.6.2.3 Saudi Arabia 3D Hip And Knee Implant Market by End Use
10.4.6.3 U.A.E 3D Hip And Knee Implant Market
10.4.6.3.1 U.A.E 3D Hip And Knee Implant Market by Implant
10.4.6.3.2 U.A.E 3D Hip And Knee Implant Market by Material
10.4.6.3.3 U.A.E 3D Hip And Knee Implant Market by End Use
10.4.6.4 Rest of Middle East and Africa 3D Hip And Knee Implant Market
10.4.6.4.1 Rest of Middle East and Africa 3D Hip And Knee Implant Market by Implant
10.4.6.4.2 Rest of Middle East and Africa 3D Hip And Knee Implant Market by Material
10.4.6.4.3 Rest of Middle East and Africa 3D Hip And Knee Implant Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America 3D Hip And Knee Implant Market Overview
10.5.2 South and Central America 3D Hip And Knee Implant Market Forecasts and Analysis
10.5.3 South and Central America 3D Hip And Knee Implant Market Forecasts and Analysis - By Implant
10.5.4 South and Central America 3D Hip And Knee Implant Market Forecasts and Analysis - By Material
10.5.5 South and Central America 3D Hip And Knee Implant Market Forecasts and Analysis - By End Use
10.5.6 South and Central America 3D Hip And Knee Implant Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil 3D Hip And Knee Implant Market
10.5.6.1.1 Brazil 3D Hip And Knee Implant Market by Implant
10.5.6.1.2 Brazil 3D Hip And Knee Implant Market by Material
10.5.6.1.3 Brazil 3D Hip And Knee Implant Market by End Use
10.5.6.2 Argentina 3D Hip And Knee Implant Market
10.5.6.2.1 Argentina 3D Hip And Knee Implant Market by Implant
10.5.6.2.2 Argentina 3D Hip And Knee Implant Market by Material
10.5.6.2.3 Argentina 3D Hip And Knee Implant Market by End Use
10.5.6.3 Rest of South and Central America 3D Hip And Knee Implant Market
10.5.6.3.1 Rest of South and Central America 3D Hip And Knee Implant Market by Implant
10.5.6.3.2 Rest of South and Central America 3D Hip And Knee Implant Market by Material
10.5.6.3.3 Rest of South and Central America 3D Hip And Knee Implant Market by End Use
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL 3D HIP AND KNEE IMPLANT MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. 3D HIP AND KNEE IMPLANT MARKET, KEY COMPANY PROFILES
13.1. ZIMMER BIOMET
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. STRYKER
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. SMITH AND NEPHEW
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. AESCULAP
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EXACTECH
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CORIN ORTHOPEDICS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. JOHNSON AND JOHNSON SERVICES
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. DJO GLOBAL
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. MICRO PORT SCIENTIFIC CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. 3D BIOPRINTING SOLUTIONS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Zimmer Biomet
2. Stryker
3. Smith and Nephew
4. Aesculap
5. Exactech
6. Corin Orthopedics
7. Johnson and Johnson Services
8. DJO Global
9. Micro Port Scientific Corporation
10. 3D Bioprinting Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For