Endotherapy Devices Market 2031: Share and Forecast
The Endotherapy Devices Market is expected to register a CAGR of 6.4 % from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented Product (Gastrointestinal Devices and Accessories, Endoscopic Retrograde Cholangio Pancreatography Devices and Accessories, and Others). Further, the report is segmented on the basis of Application (Bronchoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Neuroendoscopy, Gastrointestinal Endoscopy, and Other). Also, the report is segmented on the basis of End User (Hospitals, 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 Endotherapy Devices 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.
Endotherapy Devices Market Segmentation
Product- Gastrointestinal Devices and Accessories
- Endoscopic Retrograde Cholangio Pancreatography Devices and Accessories
- Others
- Bronchoscopy
- Arthroscopy
- Laparoscopy
- Urology Endoscopy
- Neuroendoscopy
- Gastrointestinal Endoscopy
- Other
- Hospitals
- Clinics
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Endotherapy Devices Market Growth Drivers- Increasing of Gastrointestinal disorders: Gastrointestinal disorders such as inflammatory bowel disease and colorectal cancer are on the rise and this is one of the main factors that is promoting growth in the Endo therapy devices market. As with all diseases, where incredulous treatment exists, the demand for treatment that is minimally invasive increases if not all patients will swarm for it. Endoscopy devices provide diagnostic and therapeutic means and hence they are gaining popularity among health practitioners who want to enhance the outcome of patients’ treatment.
- Impact of Technology on the Adoption of Endotherapy Devices: The evolution of technology in less invasive methods of treatment is one of the primary factors that is spurring the growth of Endo therapy devices market. Newer technology such as advanced imaging procedures, and robotic systems to assist surgery have made endoscopy less invasive and safer. Such technologies are pleasing not only to the health care givers but also to the patients who would want to undergo less bulky procedures, hence increasing the use of Endo therapy devices and increasing the scope of the market.
- Rising Outpatient Procedures Driving the Market for Endotherapy Devices: The endotherapy devices market is also fuelled significantly by the surge in the number of patients undergoing outpatient procedures. The general population has a tendency to opt for therapies that minimize the period of time stayed in the Healthcare Center and enable quicker return home. Endo therapy devices that help facilitate such treatments enhance effective outpatient strategies and thus encourage their application in the healthcare system and improve the market in the changing scenarios of help for the patients.
- The Advancement of Image-Guided Endo therapy: The use of imaging techniques in conjunction with endotherapy devices is an emerging trend which considerably improves the accuracy of both diagnostic and therapeutic interventions. High-definition endoscope along with real-time imaging have enhanced the visualization of lesions and other abnormalities; thus, this enhancement leads to better clinical outcomes and to the increasing demand for endotherapy devices as health care practitioners aim to offer better focused treatments.
- Increasing Adoption of Disposable Instruments: There is a new approach towards the use of endotherapy instruments that are disposable on the one-off basis due to the increase in the infection control and safety concerns. With the use of one-off, single use items, there is limited risk of cross-contamination and deep cleaning of instruments is made redundant. Most of the healthcare facilities are aiming at ensuring the safety of the patients, this inclination not only creates a market for single use devices but also leads to creative advancement in design and materials of the endotherapy devices.
- Dialing Up the Consideration for Patients in The Solutions Provided: In the endotherapy devices market, patients’ needs are becoming the priority, leading to the introduction of endotherapy devices that enhance the patients’ experience. The purpose of the devices being manufactured is people friendly, less painful to the patients and very comfortable expectations of the patients. This gaze towards simpler designs for the yet productive outcomes is propelling the expansion of the market; more so, as the healthcare providers also want to improve the satisfaction of the patients through the efficiencies in procedures
- Expansion in Emerging Markets: There is potential for significant growth in the endotherapy devices market in the emerging markets where the healthcare infrastructure is on the rise. Presumably, with an increasing awareness of advanced medical technologies and access to quality healthcare, the endotherapy devices demand is bound to take an upward trend. This is a trend that companies can take advantage of by customizing the products for such regions and partnering with their health care systems.
- Development of Innovative Therapies: It is possible to create novel therapies that incorporate endotherapy devices and utilize differently approaches such as biologics development or rationally designed therapies. Such a combination will enable the manufacturers to develop innovative complete solutions optimizing the treatment of all kinds of gastrointestinal diseases. It is also expanding the range of indications for endotherapy devices and rolling out companies to advance medical science.
- Collaborations with Digital Health Companies: Collaboration with companies engaged in digital health is an opportunity to reckon with in the endotherapy devices market. For instance, adding telemedicine tools or patient monitoring applications to endotherapy solutions can enhance patient management and follow-up. This provides an improved experience in managing treatment for patients and vice versa, including the linear market growth and usefulness attributed to technology, such patients are inclusive of research providing useful information for progression in the industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Endotherapy Devices 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 Endotherapy Devices 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
Product, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Frequently Asked Questions
Stryker Corporation,
, Medtronic Plc.,
, Olympus Corporation are the key players operating in the endotherapy devices market
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Gastrointestinal Devices and Accessories segment
accounts for highest revenue in product type in the market in 2023
Based on geography, Asia Pacific held the largest share of the endotherapy devices market.
The Endotherapy Devices Market is estimated to witness a CAGR of 6.4 % from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Endotherapy Devices Market - By Product
1.3.2 Endotherapy Devices Market - By Application
1.3.3 Endotherapy Devices Market - By End User
1.3.4 Endotherapy Devices Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENDOTHERAPY DEVICES 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. ENDOTHERAPY DEVICES 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ENDOTHERAPY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. ENDOTHERAPY DEVICES - GLOBAL MARKET OVERVIEW
6.2. ENDOTHERAPY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENDOTHERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. GI DEVICES AND ACCESSORIES
7.3.1. Overview
7.3.2. GI Devices and Accessories Market Forecast and Analysis
7.3.3. Biopsy Forceps Market
7.3.3.1. Overview
7.3.3.2. Biopsy Forceps Market Forecast and Analysis
7.3.4. Injection Needles Market
7.3.4.1. Overview
7.3.4.2. Injection Needles Market Forecast and Analysis
7.3.5. Polypectomy snares Market
7.3.5.1. Overview
7.3.5.2. Polypectomy snares Market Forecast and Analysis
7.3.6. Graspers Market
7.3.6.1. Overview
7.3.6.2. Graspers Market Forecast and Analysis
7.3.7. Hemoclips Market
7.3.7.1. Overview
7.3.7.2. Hemoclips Market Forecast and Analysis
7.3.8. Others Market
7.3.8.1. Overview
7.3.8.2. Others Market Forecast and Analysis
7.4. ERCP DEVICES
7.4.1. Overview
7.4.2. ERCP Devices Market Forecast and Analysis
7.4.3. Guidewires Market
7.4.3.1. Overview
7.4.3.2. Guidewires Market Forecast and Analysis
7.4.4. Sphincterotome Market
7.4.4.1. Overview
7.4.4.2. Sphincterotome Market Forecast and Analysis
7.4.5. Catheter Market
7.4.5.1. Overview
7.4.5.2. Catheter Market Forecast and Analysis
7.4.6. Extraction Balloon Market
7.4.6.1. Overview
7.4.6.2. Extraction Balloon Market Forecast and Analysis
7.4.7. Balloon Dilators Market
7.4.7.1. Overview
7.4.7.2. Balloon Dilators Market Forecast and Analysis
7.4.8. Plastic Stent Market
7.4.8.1. Overview
7.4.8.2. Plastic Stent Market Forecast and Analysis
7.4.9. Metal Stent Market
7.4.9.1. Overview
7.4.9.2. Metal Stent Market Forecast and Analysis
7.4.10. Others Market
7.4.10.1. Overview
7.4.10.2. Others Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
7.5.3. Mouthpiece Market
7.5.3.1. Overview
7.5.3.2. Mouthpiece Market Forecast and Analysis
7.5.4. Distal End Cap Market
7.5.4.1. Overview
7.5.4.2. Distal End Cap Market Forecast and Analysis
7.5.5. Polyp Trap Market
7.5.5.1. Overview
7.5.5.2. Polyp Trap Market Forecast and Analysis
7.5.6. Cleaning Brush Market
7.5.6.1. Overview
7.5.6.2. Cleaning Brush Market Forecast and Analysis
7.5.7. Others Market
7.5.7.1. Overview
7.5.7.2. Others Market Forecast and Analysis
8. ENDOTHERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BRONCHOSCOPY
8.3.1. Overview
8.3.2. Bronchoscopy Market Forecast and Analysis
8.4. ARTHROSCOPY
8.4.1. Overview
8.4.2. Arthroscopy Market Forecast and Analysis
8.5. LAPAROSCOPY
8.5.1. Overview
8.5.2. Laparoscopy Market Forecast and Analysis
8.6. UROLOGY ENDOTHERAPY
8.6.1. Overview
8.6.2. Urology Endotherapy Market Forecast and Analysis
8.7. NEUROENDOSCOPY
8.7.1. Overview
8.7.2. Neuroendoscopy Market Forecast and Analysis
8.8. GASTROINTESTINAL ENDOSCOPY
8.8.1. Overview
8.8.2. Gastrointestinal Endoscopy Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. ENDOTHERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL
9.3.1. Overview
9.3.2. Hospital Market Forecast and Analysis
9.4. CLINIC
9.4.1. Overview
9.4.2. Clinic Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ENDOTHERAPY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Endotherapy Devices Market Overview
10.1.2 North America Endotherapy Devices Market Forecasts and Analysis
10.1.3 North America Endotherapy Devices Market Forecasts and Analysis - By Product
10.1.4 North America Endotherapy Devices Market Forecasts and Analysis - By Application
10.1.5 North America Endotherapy Devices Market Forecasts and Analysis - By End User
10.1.6 North America Endotherapy Devices Market Forecasts and Analysis - By Countries
10.1.6.1 United States Endotherapy Devices Market
10.1.6.1.1 United States Endotherapy Devices Market by Product
10.1.6.1.2 United States Endotherapy Devices Market by Application
10.1.6.1.3 United States Endotherapy Devices Market by End User
10.1.6.2 Canada Endotherapy Devices Market
10.1.6.2.1 Canada Endotherapy Devices Market by Product
10.1.6.2.2 Canada Endotherapy Devices Market by Application
10.1.6.2.3 Canada Endotherapy Devices Market by End User
10.1.6.3 Mexico Endotherapy Devices Market
10.1.6.3.1 Mexico Endotherapy Devices Market by Product
10.1.6.3.2 Mexico Endotherapy Devices Market by Application
10.1.6.3.3 Mexico Endotherapy Devices Market by End User
10.1.6.4 US Endotherapy Devices Market
10.1.6.4.1 US Endotherapy Devices Market by Product
10.1.6.4.2 US Endotherapy Devices Market by Application
10.1.6.4.3 US Endotherapy Devices Market by End User
10.2. EUROPE
10.2.1 Europe Endotherapy Devices Market Overview
10.2.2 Europe Endotherapy Devices Market Forecasts and Analysis
10.2.3 Europe Endotherapy Devices Market Forecasts and Analysis - By Product
10.2.4 Europe Endotherapy Devices Market Forecasts and Analysis - By Application
10.2.5 Europe Endotherapy Devices Market Forecasts and Analysis - By End User
10.2.6 Europe Endotherapy Devices Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Endotherapy Devices Market
10.2.6.1.1 Germany Endotherapy Devices Market by Product
10.2.6.1.2 Germany Endotherapy Devices Market by Application
10.2.6.1.3 Germany Endotherapy Devices Market by End User
10.2.6.2 France Endotherapy Devices Market
10.2.6.2.1 France Endotherapy Devices Market by Product
10.2.6.2.2 France Endotherapy Devices Market by Application
10.2.6.2.3 France Endotherapy Devices Market by End User
10.2.6.3 Italy Endotherapy Devices Market
10.2.6.3.1 Italy Endotherapy Devices Market by Product
10.2.6.3.2 Italy Endotherapy Devices Market by Application
10.2.6.3.3 Italy Endotherapy Devices Market by End User
10.2.6.4 Spain Endotherapy Devices Market
10.2.6.4.1 Spain Endotherapy Devices Market by Product
10.2.6.4.2 Spain Endotherapy Devices Market by Application
10.2.6.4.3 Spain Endotherapy Devices Market by End User
10.2.6.5 United Kingdom Endotherapy Devices Market
10.2.6.5.1 United Kingdom Endotherapy Devices Market by Product
10.2.6.5.2 United Kingdom Endotherapy Devices Market by Application
10.2.6.5.3 United Kingdom Endotherapy Devices Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Endotherapy Devices Market Overview
10.3.2 Asia-Pacific Endotherapy Devices Market Forecasts and Analysis
10.3.3 Asia-Pacific Endotherapy Devices Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Endotherapy Devices Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Endotherapy Devices Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Endotherapy Devices Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Endotherapy Devices Market
10.3.6.1.1 Australia Endotherapy Devices Market by Product
10.3.6.1.2 Australia Endotherapy Devices Market by Application
10.3.6.1.3 Australia Endotherapy Devices Market by End User
10.3.6.2 China Endotherapy Devices Market
10.3.6.2.1 China Endotherapy Devices Market by Product
10.3.6.2.2 China Endotherapy Devices Market by Application
10.3.6.2.3 China Endotherapy Devices Market by End User
10.3.6.3 India Endotherapy Devices Market
10.3.6.3.1 India Endotherapy Devices Market by Product
10.3.6.3.2 India Endotherapy Devices Market by Application
10.3.6.3.3 India Endotherapy Devices Market by End User
10.3.6.4 Japan Endotherapy Devices Market
10.3.6.4.1 Japan Endotherapy Devices Market by Product
10.3.6.4.2 Japan Endotherapy Devices Market by Application
10.3.6.4.3 Japan Endotherapy Devices Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Endotherapy Devices Market Overview
10.4.2 Middle East and Africa Endotherapy Devices Market Forecasts and Analysis
10.4.3 Middle East and Africa Endotherapy Devices Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Endotherapy Devices Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Endotherapy Devices Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Endotherapy Devices Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Endotherapy Devices Market
10.4.6.1.1 South Africa Endotherapy Devices Market by Product
10.4.6.1.2 South Africa Endotherapy Devices Market by Application
10.4.6.1.3 South Africa Endotherapy Devices Market by End User
10.4.6.2 Saudi Arabia Endotherapy Devices Market
10.4.6.2.1 Saudi Arabia Endotherapy Devices Market by Product
10.4.6.2.2 Saudi Arabia Endotherapy Devices Market by Application
10.4.6.2.3 Saudi Arabia Endotherapy Devices Market by End User
10.4.6.3 U.A.E Endotherapy Devices Market
10.4.6.3.1 U.A.E Endotherapy Devices Market by Product
10.4.6.3.2 U.A.E Endotherapy Devices Market by Application
10.4.6.3.3 U.A.E Endotherapy Devices Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Endotherapy Devices Market Overview
10.5.2 South and Central America Endotherapy Devices Market Forecasts and Analysis
10.5.3 South and Central America Endotherapy Devices Market Forecasts and Analysis - By Product
10.5.4 South and Central America Endotherapy Devices Market Forecasts and Analysis - By Application
10.5.5 South and Central America Endotherapy Devices Market Forecasts and Analysis - By End User
10.5.6 South and Central America Endotherapy Devices Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Endotherapy Devices Market
10.5.6.1.1 Brazil Endotherapy Devices Market by Product
10.5.6.1.2 Brazil Endotherapy Devices Market by Application
10.5.6.1.3 Brazil Endotherapy Devices Market by End User
10.5.6.2 Argentina Endotherapy Devices Market
10.5.6.2.1 Argentina Endotherapy Devices Market by Product
10.5.6.2.2 Argentina Endotherapy Devices Market by Application
10.5.6.2.3 Argentina Endotherapy Devices Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ENDOTHERAPY DEVICES MARKET, KEY COMPANY PROFILES
12.1. STRYKER CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. MEDTRONIC PLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. OLYMPUS CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HOYA CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. FUJIFILM HOLDINGS CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CONMED CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BOSTON SCIENTIFIC CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SMITH & NEPHEW PLC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. KARL STORZ GMBH & CO KG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. JOHNSON & JOHNSON
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Stryker Corporation
- Medtronic Plc.
- Olympus Corporation
- HOYA Corporation
- FUJIFILM Holdings Corporation
- CONMED Corporation
- Boston Scientific Corporation
- Smith & Nephew Plc.
- KARL STORZ GmbH & Co KG
- Johnson & Johnson
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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