Fetal Monitoring Market Dynamics - 2021 to 2031
The Fetal Monitoring Market is expected to register a CAGR of 6.93% 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 Product (Ultrasound Devices, Fetal Monitors, Telemetry Devices, Fetal Electrodes, Others), Portability (Portable and Non-Portable), Method (Invasive and Non-invasive), Application (Antepartum and Intrapartum), and End User (Hospitals, Obstetrics & Gynecology Clinics, and Home Care Settings). 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 Report
The report Fetal Monitoring 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.
Fetal Monitoring Market Segmentation
By Product Product
- Ultrasound Devices
- Fetal Monitors
- Telemetry Devices
- Fetal Electrodes
- Others
By Portability
- Portable and Non-Portable
By End User
- Hospitals
- Obstetrics & Gynecology Clinics
- Home Care Settings
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Fetal Monitoring Market: Strategic Insights
| Market Size Value in | US$ 4,118.17 million in 2022 |
| Market Size Value by | US$ 7,398.69 million by 2030 |
| Growth rate | CAGR of 7.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Fetal Monitoring Market Growth Drivers
- Growing demand for non-invasive monitoring solutions: The increasing adoption of remote monitoring solutions is driven by the need for more convenient and cost-effective ways to monitor fetal health. With the advancement of technology, remote monitoring solutions are becoming more accessible and user-friendly, making it easier for healthcare providers to monitor fetal health remotely. This is particularly beneficial for expectant mothers who live in rural areas or have limited access to healthcare facilities. Remote monitoring solutions also enable real-time monitoring, which can help identify potential issues early on, allowing for prompt intervention and improved outcomes
- Advancements in ultrasound technology: Advancements in ultrasound technology have significantly improved the accuracy and reliability of fetal monitoring. Modern ultrasound machines are capable of producing high-resolution images that provide detailed information about fetal development and health. This has led to increased adoption of ultrasound-based fetal monitoring solutions, which offer a more comprehensive and accurate view of fetal health. Additionally, advancements in ultrasound technology have enabled the development of portable and handheld ultrasound devices, making it easier for healthcare providers to perform fetal assessments in various settings.
- Growing awareness of fetal health: Growing awareness of fetal health is driving the demand for fetal monitoring solutions. Expectant mothers and healthcare providers alike are recognizing the importance of monitoring fetal health to ensure optimal outcomes. This awareness is fueled by increasing knowledge about the risks associated with pregnancy-related complications, such as preeclampsia, gestational diabetes, and premature birth. As a result, expectant mothers are seeking more proactive approaches to managing their health during pregnancy, which includes regular monitoring and screening for potential issues.
Fetal Monitoring Market Future Trends
- Shift towards cloud-based solutions: The shift towards cloud-based solutions is a trend in the fetal monitoring market, driven by the need for more convenient, cost-effective, and scalable solutions. Cloud-based fetal monitoring solutions enable remote monitoring, real-time data transmission, and seamless integration with other healthcare systems. This allows healthcare providers to access fetal monitoring data from anywhere, at any time, and make more informed decisions. Cloud-based solutions also reduce the need for on-site hardware and software maintenance, freeing up resources for more critical tasks.
- Use of artificial intelligence and machine learning: The use of artificial intelligence (AI) and machine learning (ML) is a trend in the fetal monitoring market, enabling the development of advanced analytics and predictive models. AI-powered fetal monitoring systems can analyze large amounts of data, identify patterns, and predict potential issues earlier than human analysts. ML algorithms can be trained on large datasets to improve the accuracy of fetal monitoring and detect subtle changes in fetal heart rate or movement patterns. AI-powered systems can also provide personalized care plans and alerts for healthcare providers, enabling more timely interventions.
- Integration with electronic health records (EHRs): Integration with electronic health records (EHRs) is a trend in the fetal monitoring market, enabling seamless sharing of data between different systems and stakeholders. EHR-integrated fetal monitoring solutions allow healthcare providers to access patient data, track vital signs, and monitor fetal health in real-time. This integrated approach also enables more accurate diagnoses, reduces errors, and streamlines clinical workflows. Integration with EHRs also facilitates data sharing and collaboration between healthcare providers, reducing the risk of miscommunication or lost information.
Fetal Monitoring Market Opportunities
- Growing demand for remote monitoring solutions: The growing demand for remote monitoring solutions is a significant opportunity in the fetal monitoring market. Remote monitoring solutions enable healthcare providers to monitor fetal health remotely, reducing the need for frequent hospital visits and improving patient convenience. This trend is driven by the increasing adoption of telemedicine and the need for more efficient and cost-effective healthcare solutions. As a result, companies that develop remote monitoring solutions can capitalize on this trend by providing healthcare providers with the technology and tools they need to monitor fetal health remotely
- Development of novel ultrasound technologies: The development of novel ultrasound technologies is another opportunity in the fetal monitoring market. Advances in ultrasound technology are enabling the development of more accurate and reliable fetal monitoring devices. For example, the development of 3D and 4D ultrasound technologies is providing healthcare providers with more detailed images of fetal development and health. This is enabling them to detect potential issues earlier and more accurately, leading to improved patient outcomes. Companies that develop novel ultrasound technologies can capitalize on this trend by providing healthcare providers with advanced diagnostic tools.
- Growing demand for portable devices: The growing demand for portable devices is also an opportunity in the fetal monitoring market. Portable devices enable healthcare providers to perform fetal assessments in various settings, including at home or in clinical settings. This is particularly beneficial for expectant mothers who require frequent monitoring but have limited access to healthcare facilities. Companies that develop portable devices can capitalize on this trend by providing healthcare providers with convenient and easy-to-use solutions that can be used in a variety of settings.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Fetal Monitoring 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 Fetal Monitoring 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Portability, Method, Application, and End User
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 fetal monitoring market is estimated to grow with a CAGR of 6.9% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The fetal monitoring market majorly consists of the players such as General Electric Company, Cardinal Health Inc., Siemens AG among others.
Use of artificial intelligence and machine learning are likely to remain the key trend during the forecast period
The market drivers include growing demand for non-invasive monitoring solutions and advancements in ultrasound technology are driving the fetal monitoring market
North America dominated the fetal monitoring market in 2023
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 Fetal Monitoring Market - By Product
1.3.2 Fetal Monitoring Market - By Method
1.3.3 Fetal Monitoring Market - By Portability
1.3.4 Fetal Monitoring Market - By Application
1.3.5 Fetal Monitoring Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FETAL MONITORING 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. FETAL MONITORING 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. FETAL MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. FETAL MONITORING - GLOBAL MARKET OVERVIEW
6.2. FETAL MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FETAL MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ULTRASOUND
7.3.1. Overview
7.3.2. Ultrasound Market Forecast and Analysis
7.3.3. 2D Ultrasound Market
7.3.3.1. Overview
7.3.3.2. 2D Ultrasound Market Forecast and Analysis
7.3.4. 3D And 4D Ultrasound Market
7.3.4.1. Overview
7.3.4.2. 3D And 4D Ultrasound Market Forecast and Analysis
7.3.5. Doppler Imaging Market
7.3.5.1. Overview
7.3.5.2. Doppler Imaging Market Forecast and Analysis
7.4. INTRAUTERINE PRESSURE CATHETER (IUPC)
7.4.1. Overview
7.4.2. Intrauterine Pressure Catheter (IUPC) Market Forecast and Analysis
7.5. TELEMETRY SOLUTIONS
7.5.1. Overview
7.5.2. Telemetry Solutions Market Forecast and Analysis
7.6. ELECTRONIC FETAL MONITORING (EFM)
7.6.1. Overview
7.6.2. Electronic Fetal Monitoring (EFM) Market Forecast and Analysis
7.6.3. External Market
7.6.3.1. Overview
7.6.3.2. External Market Forecast and Analysis
7.6.4. Internal Market
7.6.4.1. Overview
7.6.4.2. Internal Market Forecast and Analysis
7.7. FETAL ELECTRODES
7.7.1. Overview
7.7.2. Fetal Electrodes Market Forecast and Analysis
7.8. FETAL DOPPLER
7.8.1. Overview
7.8.2. Fetal Doppler Market Forecast and Analysis
7.9. ACCESSORIES AND CONSUMABLES
7.9.1. Overview
7.9.2. Accessories And Consumables Market Forecast and Analysis
7.10. OTHER PRODUCTS
7.10.1. Overview
7.10.2. Other Products Market Forecast and Analysis
8. FETAL MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - METHOD
8.1. OVERVIEW
8.2. METHOD MARKET FORECASTS AND ANALYSIS
8.3. INVASIVE
8.3.1. Overview
8.3.2. Invasive Market Forecast and Analysis
8.4. NON-INVASIVE
8.4.1. Overview
8.4.2. Non-Invasive Market Forecast and Analysis
9. FETAL MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - PORTABILITY
9.1. OVERVIEW
9.2. PORTABILITY MARKET FORECASTS AND ANALYSIS
9.3. PORTABLE
9.3.1. Overview
9.3.2. Portable Market Forecast and Analysis
9.4. NON-PORTABLE
9.4.1. Overview
9.4.2. Non-Portable Market Forecast and Analysis
10. FETAL MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. INTRAPARTUM FETAL MONITORING
10.3.1. Overview
10.3.2. Intrapartum Fetal Monitoring Market Forecast and Analysis
10.4. ANTEPARTUM FETAL MONITORING
10.4.1. Overview
10.4.2. Antepartum Fetal Monitoring Market Forecast and Analysis
11. FETAL MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Fetal Monitoring Market Overview
11.1.2 North America Fetal Monitoring Market Forecasts and Analysis
11.1.3 North America Fetal Monitoring Market Forecasts and Analysis - By Product
11.1.4 North America Fetal Monitoring Market Forecasts and Analysis - By Method
11.1.5 North America Fetal Monitoring Market Forecasts and Analysis - By Portability
11.1.6 North America Fetal Monitoring Market Forecasts and Analysis - By Application
11.1.7 North America Fetal Monitoring Market Forecasts and Analysis - By Countries
11.1.7.1 United States Fetal Monitoring Market
11.1.7.1.1 United States Fetal Monitoring Market by Product
11.1.7.1.2 United States Fetal Monitoring Market by Method
11.1.7.1.3 United States Fetal Monitoring Market by Portability
11.1.7.1.4 United States Fetal Monitoring Market by Application
11.1.7.2 Canada Fetal Monitoring Market
11.1.7.2.1 Canada Fetal Monitoring Market by Product
11.1.7.2.2 Canada Fetal Monitoring Market by Method
11.1.7.2.3 Canada Fetal Monitoring Market by Portability
11.1.7.2.4 Canada Fetal Monitoring Market by Application
11.1.7.3 Mexico Fetal Monitoring Market
11.1.7.3.1 Mexico Fetal Monitoring Market by Product
11.1.7.3.2 Mexico Fetal Monitoring Market by Method
11.1.7.3.3 Mexico Fetal Monitoring Market by Portability
11.1.7.3.4 Mexico Fetal Monitoring Market by Application
11.2. EUROPE
11.2.1 Europe Fetal Monitoring Market Overview
11.2.2 Europe Fetal Monitoring Market Forecasts and Analysis
11.2.3 Europe Fetal Monitoring Market Forecasts and Analysis - By Product
11.2.4 Europe Fetal Monitoring Market Forecasts and Analysis - By Method
11.2.5 Europe Fetal Monitoring Market Forecasts and Analysis - By Portability
11.2.6 Europe Fetal Monitoring Market Forecasts and Analysis - By Application
11.2.7 Europe Fetal Monitoring Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Fetal Monitoring Market
11.2.7.1.1 Germany Fetal Monitoring Market by Product
11.2.7.1.2 Germany Fetal Monitoring Market by Method
11.2.7.1.3 Germany Fetal Monitoring Market by Portability
11.2.7.1.4 Germany Fetal Monitoring Market by Application
11.2.7.2 France Fetal Monitoring Market
11.2.7.2.1 France Fetal Monitoring Market by Product
11.2.7.2.2 France Fetal Monitoring Market by Method
11.2.7.2.3 France Fetal Monitoring Market by Portability
11.2.7.2.4 France Fetal Monitoring Market by Application
11.2.7.3 Italy Fetal Monitoring Market
11.2.7.3.1 Italy Fetal Monitoring Market by Product
11.2.7.3.2 Italy Fetal Monitoring Market by Method
11.2.7.3.3 Italy Fetal Monitoring Market by Portability
11.2.7.3.4 Italy Fetal Monitoring Market by Application
11.2.7.4 Spain Fetal Monitoring Market
11.2.7.4.1 Spain Fetal Monitoring Market by Product
11.2.7.4.2 Spain Fetal Monitoring Market by Method
11.2.7.4.3 Spain Fetal Monitoring Market by Portability
11.2.7.4.4 Spain Fetal Monitoring Market by Application
11.2.7.5 United Kingdom Fetal Monitoring Market
11.2.7.5.1 United Kingdom Fetal Monitoring Market by Product
11.2.7.5.2 United Kingdom Fetal Monitoring Market by Method
11.2.7.5.3 United Kingdom Fetal Monitoring Market by Portability
11.2.7.5.4 United Kingdom Fetal Monitoring Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Fetal Monitoring Market Overview
11.3.2 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis
11.3.3 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis - By Method
11.3.5 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis - By Portability
11.3.6 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Fetal Monitoring Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Fetal Monitoring Market
11.3.7.1.1 Australia Fetal Monitoring Market by Product
11.3.7.1.2 Australia Fetal Monitoring Market by Method
11.3.7.1.3 Australia Fetal Monitoring Market by Portability
11.3.7.1.4 Australia Fetal Monitoring Market by Application
11.3.7.2 China Fetal Monitoring Market
11.3.7.2.1 China Fetal Monitoring Market by Product
11.3.7.2.2 China Fetal Monitoring Market by Method
11.3.7.2.3 China Fetal Monitoring Market by Portability
11.3.7.2.4 China Fetal Monitoring Market by Application
11.3.7.3 India Fetal Monitoring Market
11.3.7.3.1 India Fetal Monitoring Market by Product
11.3.7.3.2 India Fetal Monitoring Market by Method
11.3.7.3.3 India Fetal Monitoring Market by Portability
11.3.7.3.4 India Fetal Monitoring Market by Application
11.3.7.4 Japan Fetal Monitoring Market
11.3.7.4.1 Japan Fetal Monitoring Market by Product
11.3.7.4.2 Japan Fetal Monitoring Market by Method
11.3.7.4.3 Japan Fetal Monitoring Market by Portability
11.3.7.4.4 Japan Fetal Monitoring Market by Application
11.3.7.5 South Korea Fetal Monitoring Market
11.3.7.5.1 South Korea Fetal Monitoring Market by Product
11.3.7.5.2 South Korea Fetal Monitoring Market by Method
11.3.7.5.3 South Korea Fetal Monitoring Market by Portability
11.3.7.5.4 South Korea Fetal Monitoring Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Fetal Monitoring Market Overview
11.4.2 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis
11.4.3 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis - By Method
11.4.5 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis - By Portability
11.4.6 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Fetal Monitoring Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Fetal Monitoring Market
11.4.7.1.1 South Africa Fetal Monitoring Market by Product
11.4.7.1.2 South Africa Fetal Monitoring Market by Method
11.4.7.1.3 South Africa Fetal Monitoring Market by Portability
11.4.7.1.4 South Africa Fetal Monitoring Market by Application
11.4.7.2 Saudi Arabia Fetal Monitoring Market
11.4.7.2.1 Saudi Arabia Fetal Monitoring Market by Product
11.4.7.2.2 Saudi Arabia Fetal Monitoring Market by Method
11.4.7.2.3 Saudi Arabia Fetal Monitoring Market by Portability
11.4.7.2.4 Saudi Arabia Fetal Monitoring Market by Application
11.4.7.3 U.A.E Fetal Monitoring Market
11.4.7.3.1 U.A.E Fetal Monitoring Market by Product
11.4.7.3.2 U.A.E Fetal Monitoring Market by Method
11.4.7.3.3 U.A.E Fetal Monitoring Market by Portability
11.4.7.3.4 U.A.E Fetal Monitoring Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Fetal Monitoring Market Overview
11.5.2 South and Central America Fetal Monitoring Market Forecasts and Analysis
11.5.3 South and Central America Fetal Monitoring Market Forecasts and Analysis - By Product
11.5.4 South and Central America Fetal Monitoring Market Forecasts and Analysis - By Method
11.5.5 South and Central America Fetal Monitoring Market Forecasts and Analysis - By Portability
11.5.6 South and Central America Fetal Monitoring Market Forecasts and Analysis - By Application
11.5.7 South and Central America Fetal Monitoring Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Fetal Monitoring Market
11.5.7.1.1 Brazil Fetal Monitoring Market by Product
11.5.7.1.2 Brazil Fetal Monitoring Market by Method
11.5.7.1.3 Brazil Fetal Monitoring Market by Portability
11.5.7.1.4 Brazil Fetal Monitoring Market by Application
11.5.7.2 Argentina Fetal Monitoring Market
11.5.7.2.1 Argentina Fetal Monitoring Market by Product
11.5.7.2.2 Argentina Fetal Monitoring Market by Method
11.5.7.2.3 Argentina Fetal Monitoring Market by Portability
11.5.7.2.4 Argentina Fetal Monitoring Market by Application
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. FETAL MONITORING MARKET, KEY COMPANY PROFILES
13.1. NEOVENTA MEDICAL AB
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. NATUS MEDICAL INCORPORATED
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. SIEMENS HEALTHCARE
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. GENERAL ELECTRIC COMPANY
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. ANALOGIC CORPORATION
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. FUJIFILM SONOSITE
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. PHILIPS HEALTHCARE
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. OSI SYSTEMS, INC
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. MEDTRONIC PLC
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. GETINGE GROUP
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
The List of Companies
1. NEOVENTA MEDICAL AB
2. NATUS MEDICAL INCORPORATED
3. SIEMENS HEALTHCARE
4. GENERAL ELECTRIC COMPANY
5. ANALOGIC CORPORATION
6. FUJIFILM SONOSITE
7. PHILIPS HEALTHCARE
8. OSI SYSTEMS, INC
9. MEDTRONIC PLC
10. GETINGE GROUP
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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