Blood Testing Devices Market Strategies and Share 2031
Blood testing is crucial for the diagnosis of various chronic diseases such as cancer, HIV/AIDS, diabetes, anemia and coronary heart disease. It is one the routine examinations and does not require special preparation. There are various types of blood test recommended by the healthcare provider to analyze the components of blood and determine the presence of diseases. Glucose test, creatinine test, coagulation test and full blood count are common blood tests done in hospitals and diagnostic centers.
The blood testing devices market is expected to grow significantly in the coming years, owing to the key factors such as increasing demand for portable and handled blood testing devices and growing demand of diagnostic testing. Other factors governing the growth of the market are increasing number of patients with chronic disease such as diabetes, kidney diseases and other. Additionally, integration of software application with blood testing devices will enhance the growth opportunities in the blood testing devices market.
The “Global Blood Testing Devices Market Analysis to 2031” is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global blood testing devices market with detailed market segmentation by product, test type, end user, and geography. The global blood testing devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global blood testing devices market is segmented on the basis of product, test type, and end user. On the basis of product, the market is segmented into diabetes analyzer, coagulation analyzer, blood analyzer and hematology analyzer. On the basis of test type, the market is segmented into glucose test, A1C test, thyroid function test, creatinine test, coagulation test, full blood count, direct LDL test and others. On the basis of end users, the market is segmented into hospitals & clinics, diagnostic centers, homecare and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global blood testing devices market based on product, test type and end user. It also provides market size and forecast till 2031 for overall blood testing devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The blood testing devices market report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America holds the largest share in the blood testing devices market with US being the largest contributor to the market growth. In North America, new product launches by key players and availability of various types of technologically advanced analyzer and other instruments are the key factors driving the growth of the market. In Asia Pacific, the market is expected to exhibit potential growth due to rising emphasis on early diagnosis of disease and growing awareness about point-of-care testing blood testing. India, Japan and China are expected to be the major countries contributing to the growth of the market due to developing healthcare sector, huge demand for diagnostic services and rising prevalence of diseases.
The blood testing devices market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The blood testing devices market report also includes the profiles of blood testing devices manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the blood testing devices market are Abbott, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd, Siemens AG, Trinity Biotech Plc., BioMerieux S.A., Luminex Corporation, Thermo Fisher Scientific, Inc., Getein Biotech, Inc., Goldsite Diagnostics Inc and others.
REGIONAL FRAMEWORK
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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
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to country scope.
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. BLOOD TESTING DEVICES MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Blood Testing Devices Market - By Product
3.2.2. Blood Testing Devices Market - By Test Type
3.2.3. Blood Testing Devices Market - By End User
3.2.4. Blood Testing Devices Market - By Region
3.2.4.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. BLOOD TESTING DEVICES MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. BLOOD TESTING DEVICES MARKET - GLOBAL ANALYSIS
5.1. GLOBAL BLOOD TESTING DEVICES MARKET OVERVIEW
5.2. GLOBAL BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. GLOBAL BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
5.4. MARKET POSITIONING/MARKET SHARE
5.5. PERFORMANCE OF KEY PLAYERS
5.6. EXPERT OPINIONS
6. BLOOD TESTING DEVICES MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - BY PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. DIABETES ANALYZER MARKET
7.3.1. Overview
7.3.2. Diabetes Analyzer Market Revenue Forecasts and Analysis (US$ Mn)
7.3.3. Diabetes Analyzer Market Volume Forecasts and Analysis ('000 Units)
7.4. COAGULATION ANALYZER MARKET
7.4.1. Overview
7.4.2. Coagulation Analyzer Market Revenue Forecasts and Analysis (US$ Mn)
7.4.3. Coagulation Analyzer Market Volume Forecasts and Analysis ('000 Units)
7.5. BLOOD ANALYZER MARKET
7.5.1. Overview
7.5.2. Blood Analyzer Market Revenue Forecasts and Analysis (US$ Mn)
7.5.3. Blood Analyzer Market Volume Forecasts and Analysis ('000 Units)
7.6. HEMATOLOGY ANALYZER MARKET
7.6.1. Overview
7.6.2. Hematology Analyzer Market Revenue Forecasts and Analysis (US$ Mn)
7.6.3. Hematology Analyzer Market Volume Forecasts and Analysis ('000 Units)
8. BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - BY TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. GLUCOSE TEST MARKET
8.3.1. Overview
8.3.2. Glucose Test Market Revenue Forecasts and Analysis (US$ Mn)
8.4. A1C TEST MARKET
8.4.1. Overview
8.4.2. A1C Test Market Revenue Forecasts and Analysis (US$ Mn)
8.5. THYROID FUNCTION TEST MARKET
8.5.1. Overview
8.5.2. Thyroid Function Test Market Revenue Forecasts and Analysis (US$ Mn)
8.6. CREATININE TEST MARKET
8.6.1. Overview
8.6.2. Creatinine Test Market Revenue Forecasts and Analysis (US$ Mn)
8.7. COAGULATION TEST MARKET
8.7.1. Overview
8.7.2. Coagulation Test Market Revenue Forecasts and Analysis (US$ Mn)
8.8. FULL BLOOD COUNT MARKET
8.8.1. Overview
8.8.2. Full Blood Count Market Revenue Forecasts and Analysis (US$ Mn)
8.9. DIRECT LDL TEST MARKET
8.9.1. Overview
8.9.2. Direct LDL Test Market Revenue Forecasts and Analysis (US$ Mn)
8.10. OTHERS MARKET
8.10.1. Overview
8.10.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
9.1. OVERVIEW
9.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
9.3. HOSPITALS & CLINICS MARKET
9.3.1. Overview
9.3.2. Hospitals & Clinics Market Revenue Forecasts and Analysis (US$ Mn)
9.4. DIAGNOSTIC CENTERS MARKET
9.4.1. Overview
9.4.2. Diagnostic Centers Market Revenue Forecasts and Analysis (US$ Mn)
9.5. HOMECARE MARKET
9.5.1. Overview
9.5.2. Homecare Market Revenue Forecasts and Analysis (US$ Mn)
9.6. OTHERS MARKET
9.6.1. Overview
9.6.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
10. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. NORTH AMERICA BLOOD TESTING DEVICES MARKET OVERVIEW
10.2. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. NORTH AMERICA BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
10.4. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
10.5. NORTH AMERICA BLOOD TESTING DEVICES MARKET VOLUME AND FORECASTS ANALYSIS - BY PRODUCT ('000 UNITS)
10.6. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY TEST TYPE (US$ MN)
10.7. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
10.8. NORTH AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.9. US MARKET OVERVIEW
10.9.1. US Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.9.2. US Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
10.9.3. US Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
10.9.4. US Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.10. CANADA MARKET OVERVIEW
10.10.1. Canada Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.10.2. Canada Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
10.10.3. Canada Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
10.10.4. Canada Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.11. MEXICO MARKET OVERVIEW
10.11.1. Mexico Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.11.2. Mexico Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
10.11.3. Mexico Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
10.11.4. Mexico Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. EUROPE BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. EUROPE BLOOD TESTING DEVICES MARKET OVERVIEW
11.2. EUROPE BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. EUROPE BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
11.4. EUROPE BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
11.5. EUROPE BLOOD TESTING DEVICES MARKET VOLUME AND FORECASTS ANALYSIS - BY PRODUCT ('000 UNITS)
11.6. EUROPE BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY TEST TYPE (US$ MN)
11.7. EUROPE BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
11.8. EUROPE BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.9. UK MARKET OVERVIEW
11.9.1. UK Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.9.2. UK Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
11.9.3. UK Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
11.9.4. UK Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.10. GERMANY MARKET OVERVIEW
11.10.1. Germany Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.10.2. Germany Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
11.10.3. Germany Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
11.10.4. Germany Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.11. FRANCE MARKET OVERVIEW
11.11.1. France Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.11.2. France Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
11.11.3. France Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
11.11.4. France Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. ASIA PACIFIC BLOOD TESTING DEVICES MARKET OVERVIEW
12.2. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. ASIA PACIFIC BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
12.4. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
12.5. ASIA PACIFIC BLOOD TESTING DEVICES MARKET VOLUME AND FORECASTS ANALYSIS - BY PRODUCT ('000 UNITS)
12.6. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS - BY TEST TYPE (US$ MN)
12.7. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
12.8. ASIA PACIFIC BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.9. JAPAN MARKET OVERVIEW
12.9.1. Japan Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.9.2. Japan Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
12.9.3. Japan Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
12.9.4. Japan Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.10. CHINA MARKET OVERVIEW
12.10.1. China Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.10.2. China Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
12.10.3. China Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
12.10.4. China Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.11. INDIA MARKET OVERVIEW
12.11.1. India Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.11.2. India Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
12.11.3. India Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
12.11.4. India Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. MIDDLE EAST AND AFRICA (MEA) BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET OVERVIEW
13.2. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
13.4. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
13.5. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET VOLUME AND FORECASTS ANALYSIS - BY PRODUCT ('000 UNITS)
13.6. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS - BY TEST TYPE (US$ MN)
13.7. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
13.8. MIDDLE EAST AND AFRICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.9. SOUTH AFRICA MARKET OVERVIEW
13.9.1. South Africa Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.9.2. South Africa Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
13.9.3. South Africa Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
13.9.4. South Africa Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.10. SAUDI ARABIA MARKET OVERVIEW
13.10.1. Saudi Arabia Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.10.2. Saudi Arabia Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
13.10.3. Saudi Arabia Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
13.10.4. Saudi Arabia Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.11. UAE MARKET OVERVIEW
13.11.1. UAE Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.11.2. UAE Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
13.11.3. UAE Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
13.11.4. UAE Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
14.1. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET OVERVIEW
14.2. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
14.3. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET VOLUME FORECASTS AND ANALYSIS ('000 UNITS)
14.4. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY PRODUCT (US$ MN)
14.5. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET VOLUME AND FORECASTS ANALYSIS - BY PRODUCT ('000 UNITS)
14.6. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS - BY TEST TYPE (US$ MN)
14.7. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
14.8. SOUTH AND CENTRAL AMERICA BLOOD TESTING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
14.9. BRAZIL MARKET OVERVIEW
14.9.1. Brazil Blood Testing Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
14.9.2. Brazil Blood Testing Devices Market Volume Forecasts and Analysis - By Product ('000 Units)
14.9.3. Brazil Blood Testing Devices Market Revenue Forecasts and Analysis - By Test Type (US$ Mn)
14.9.4. Brazil Blood Testing Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
15. INDUSTRY LANDSCAPE
15.1. ORGANIC GROWTH STRATEGIES
15.1.1. New Product Launches
15.1.2. Marketing & Promotional Activities
15.2. INORGANIC GROWTH STRATEGIES
15.2.1. Partnerships, Collaborations, and Joint Ventures
15.2.2. Mergers & Acquisitions
16. BLOOD TESTING DEVICES MARKET, KEY COMPANY PROFILES
16.1. ABBOTT
16.1.1. Key Facts
16.1.2. Business Description
16.1.3. Financial Overview
16.1.4. Product Portfolio
16.1.5. Product Pipeline
16.1.6. SWOT Analysis
16.1.7. Key Developments
16.2. BIO-RAD LABORATORIES INC.
16.2.1. Key Facts
16.2.2. Business Description
16.2.3. Financial Overview
16.2.4. Product Portfolio
16.2.5. Product Pipeline
16.2.6. SWOT Analysis
16.2.7. Key Developments
16.3. F. HOFFMANN-LA ROCHE LTD
16.3.1. Key Facts
16.3.2. Business Description
16.3.3. Financial Overview
16.3.4. Product Portfolio
16.3.5. Product Portfolio
16.3.6. SWOT Analysis
16.3.7. Key Developments
16.4. SIEMENS AG
16.4.1. Key Facts
16.4.2. Business Description
16.4.3. Financial Overview
16.4.4. Product Portfolio
16.4.5. Product Pipeline
16.4.6. SWOT Analysis
16.4.7. Key Developments
16.5. TRINITY BIOTECH PLC.
16.5.1. Key Facts
16.5.2. Business Description
16.5.3. Financial Overview
16.5.4. Product Portfolio
16.5.5. Product Portfolio
16.5.6. SWOT Analysis
16.5.7. Key Developments
16.6. BIOMERIEUX S.A.
16.6.1. Key Facts
16.6.2. Business Description
16.6.3. Financial Overview
16.6.4. Product Portfolio
16.6.5. Product Pipeline
16.6.6. SWOT Analysis
16.6.7. Key Developments
16.7. LUMINEX CORPORATION
16.7.1. Key Facts
16.7.2. Business Description
16.7.3. Financial Overview
16.7.4. Product Portfolio
16.7.5. Product Pipeline
16.7.6. SWOT Analysis
16.7.7. Key Developments
16.8. THERMO FISHER SCIENTIFIC, INC.
16.8.1. Key Facts
16.8.2. Business Description
16.8.3. Financial Overview
16.8.4. Product Portfolio
16.8.5. Product Pipeline
16.8.6. SWOT Analysis
16.8.7. Key Developments
16.9. GETEIN BIOTECH, INC.
16.9.1. Key Facts
16.9.2. Business Description
16.9.3. Financial Overview
16.9.4. Product Portfolio
16.9.5. Product Pipeline
16.9.6. SWOT Analysis
16.9.7. Key Developments
16.10. GOLDSITE DIAGNOSTICS INC
16.10.1. Key Facts
16.10.2. Business Description
16.10.3. Financial Overview
16.10.4. Product Portfolio
16.10.5. Product Pipeline
16.10.6. SWOT Analysis
16.10.7. Key Developments
17. APPENDIX
17.1. ABOUT THE INSIGHT PARTNERS
17.2. GLOSSARY OF TERMS
17.3. RESEARCH METHODOLOGY
1. Abbott
2. Bio-Rad Laboratories Inc.
3. F. Hoffmann-La Roche Ltd
4. Siemens AG
5. Trinity Biotech Plc.
6. BioMerieux S.A.
7. Luminex Corporation
8. Thermo Fisher Scientific, Inc.
9. Getein Biotech, Inc.
10. Goldsite Diagnostics Inc
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.
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