Gastrointestinal Infection Testing Market Trends - 2031
The Gastrointestinal Infection Testing Market is expected to register a CAGR of 6.5% 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 Test Type (Laboratory Tests, Imaging Tests, Biopsy); Technique (Conventional Techniques, Molecular Techniques, Biochemical Techniques). Futher, it is segmented based on End User (Hospitals, Diagnostic Imaging Centers and Laboratories, Ambulatory Surgical Centers, Academic Institutes, Research Organizations). 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 Gastrointestinal Infection Testing 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.
Gastrointestinal Infection Testing Market Segmentation
Test Type- Laboratory Tests
- Imaging Tests
- Biopsy
- Conventional Techniques
- Molecular Techniques
- Biochemical Techniques
- Hospitals
- Diagnostic Imaging Centers and Laboratories
- Ambulatory Surgical Centers
- Academic Institutes
- Research Organizations
Strategic Insights
Gastrointestinal Infection Testing Market Growth Drivers- Increase in Prevalence of Gastrointestinal Infections: An increase in gastronintestional infestions such as viral gastrointeritis is linked to consuming contaminated food and water. A rise in bacterial, viral, and parasitic infections in stomach is driving the gastrointestinal infection testing market by creating a demand for infection diagnosis tools. Rising incidences of diseases affecting the gastrointestinal system include gastrointestinal infections which have resulted from things like poor sanitation, changing eating habits, and global traveling. This has created an immense demand for very accurate and timely diagnostics to manage outbreaks. Thus, it has driven the market segment for gastrointestinal infection testing in the event of such outbreaks.
- Increasing Awareness Among Population For Early Infection Detection: More people are stepping forward to test their selves due to the growing awareness of digestive health and the importance of early diagnosis. Some of the programs that governments support by public health campaigns include campaigns toward the threat of foodborne illness, more comprehensive media attention to outbreaks, and hygiene practices in schools and the community. Resources have been earmarked by the governments of the world for the refurbishment or construction of infrastructure in health facilities, as well as disease prevention strategies for combating emerging diseases. All these will be amplified by increasing awareness in understanding gastrointestinal infections, thus making testing markets surplus on the contributions towards early detection, prevention, and surveillance.
- Increasing Product Launches: Established Market players such as MP Biomedicals and QIAGEN are launching new advanced diagnostic tools such as PCR based tests, rapid antigen tests, and point of care in the gastrointestinal infections testing market. Now testing for GI infections is more rapid, more accurate, and less costly, which develops another expanding market toward quicker detection and a more personalized prescribing approach for infected persons. The growing number of product launches, coupled with the increasing adoption of disposable kits are boosting the share of the market.
- Growing Adoption of Rapid Testing Solutions: Rapid test kits represent an emerging area for gastrointestinal infection testing. Such kits permit speedy diagnosis of pathogens such as the Norovirus, E. coli, and Salmonella, which can often release results in mere minutes. The portability of rapid testing kits makes them ideal for application in multiple facilities like clinics and home use, thus broadening the reach of proper, prompt testing and overall patient outcomes.
- Rise of At-Home Testing Kits: At-home testing kits are becoming more and more in demand. The shift towards consumer-friendly at-home testing kits is expected to enhance detection of infection without visiting a healthcare facility. It also promotes early disease diagnosis and prevention.
- Advancements in Molecular Diagnostics: Emerging technologies may allow for at-home cardiac assessment that complements traditional cardiac MRI, facilitating ongoing monitoring of patients with chronic conditions.
- Growth in Emerging Markets: Developing regions are beginning to adopt multiplex assay testing and molecular diagnostics such as next generation sequencing technologies as healthcare infrastructure improves, creating market opportunities for gastrointestinal infection testing devices and services. Rising disposable incomes, increased access to health care, and awareness of infections caused by hygiene have all stimulated demand for contemporary diagnostics in Asia-Pacific, Latin America, and Africa.
- Integration of Telemedicine: Testing of gastrointestinal infection can be integrated with telehealth services, so that patients can be guided and treated based on test results which are done and reported remotely. There are opportunities in introducing artificial intelligence and machine learning into diagnostic tools for gastro-intestinal diseases. This will provide accurate, efficient, and rapid testing. The technologies may help in the interpretation of test results, streamlining laboratory workflows, and reducing human errors, hence driving this market.
- Approaches of Personalized Medicine: Shifting towards personalized medicine is one of the emerging trends that will also influence the strategy for gastrointestinal infection management. Tailored screening and diagnostic approaches in respect to individual factors can increase demand for testing kits as part of a comprehensive gastric health strategy. This should better patient outcome and satisfaction. Such personalized diagnostics would naturally pave the way for developing such tests for gastrointestinal infections based on the genetic and microbiome composition of the individuals. There are also opportunities in the area of point-of-care tests, which promise to give fast results within the home or clinic and will improve the patient experience and the uptake in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gastrointestinal Infection Testing 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 Gastrointestinal Infection Testing 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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.
Frequently Asked Questions
BD, Savyon Diagnostics, Biomérieux Sa, Nanoentek Inc., Luminex Corporation, Hologic Inc., Bio-Rad Laboratories, Inc., Trinity Biotech, and Quest Diagnostics Incorporated are some of the major players operating in the market.
The laboratory tests segment accounts for a higher revenue in type segment of the gastrointestinal infection testing market in 2023.
Asia Pacific region dominated the gastrointestinal infection testing market in 2023
North America region dominated the gastrointestinal infection testing market in 2023
The Gastrointestinal Infection Testing Market is estimated to witness a CAGR of 6.5% from 2023 to 2031
The major factors driving the gastrointestinal infection testing market are:
1. Increase in Prevalence of Gastrointestinal Infections.
2. Increasing Awareness Among Population For Early Infection Detection.
3. Increasing Product Launches.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gastrointestinal Infection Testing Market - By Test Type
1.3.2 Gastrointestinal Infection Testing Market - By Technique
1.3.3 Gastrointestinal Infection Testing Market - By End User
1.3.4 Gastrointestinal Infection Testing Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GASTROINTESTINAL INFECTION TESTING 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. GASTROINTESTINAL INFECTION TESTING 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. GASTROINTESTINAL INFECTION TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. GASTROINTESTINAL INFECTION TESTING - GLOBAL MARKET OVERVIEW
6.2. GASTROINTESTINAL INFECTION TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. GASTROINTESTINAL INFECTION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
7.1. OVERVIEW
7.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
7.3. LABORATORY TESTS
7.3.1. Overview
7.3.2. Laboratory Tests Market Forecast and Analysis
7.4. IMAGING TESTS
7.4.1. Overview
7.4.2. Imaging Tests Market Forecast and Analysis
7.5. BIOPSY
7.5.1. Overview
7.5.2. Biopsy Market Forecast and Analysis
8. GASTROINTESTINAL INFECTION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. CONVENTIONAL TECHNIQUES
8.3.1. Overview
8.3.2. Conventional Techniques Market Forecast and Analysis
8.4. MOLECULAR TECHNIQUES
8.4.1. Overview
8.4.2. Molecular Techniques Market Forecast and Analysis
8.5. BIOCHEMICAL TECHNIQUES
8.5.1. Overview
8.5.2. Biochemical Techniques Market Forecast and Analysis
9. GASTROINTESTINAL INFECTION TESTING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTIC IMAGING CENTERS AND LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic Imaging Centers and Laboratories Market Forecast and Analysis
9.5. AMBULATORY SURGICAL CENTERS
9.5.1. Overview
9.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.6. ACADEMIC INSTITUTES
9.6.1. Overview
9.6.2. Academic Institutes Market Forecast and Analysis
9.7. RESEARCH ORGANIZATIONS
9.7.1. Overview
9.7.2. Research Organizations Market Forecast and Analysis
10. GASTROINTESTINAL INFECTION TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Gastrointestinal Infection Testing Market Overview
10.1.2 North America Gastrointestinal Infection Testing Market Forecasts and Analysis
10.1.3 North America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Test Type
10.1.4 North America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Technique
10.1.5 North America Gastrointestinal Infection Testing Market Forecasts and Analysis - By End User
10.1.6 North America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Countries
10.1.6.1 United States Gastrointestinal Infection Testing Market
10.1.6.1.1 United States Gastrointestinal Infection Testing Market by Test Type
10.1.6.1.2 United States Gastrointestinal Infection Testing Market by Technique
10.1.6.1.3 United States Gastrointestinal Infection Testing Market by End User
10.1.6.2 Canada Gastrointestinal Infection Testing Market
10.1.6.2.1 Canada Gastrointestinal Infection Testing Market by Test Type
10.1.6.2.2 Canada Gastrointestinal Infection Testing Market by Technique
10.1.6.2.3 Canada Gastrointestinal Infection Testing Market by End User
10.1.6.3 Mexico Gastrointestinal Infection Testing Market
10.1.6.3.1 Mexico Gastrointestinal Infection Testing Market by Test Type
10.1.6.3.2 Mexico Gastrointestinal Infection Testing Market by Technique
10.1.6.3.3 Mexico Gastrointestinal Infection Testing Market by End User
10.2. EUROPE
10.2.1 Europe Gastrointestinal Infection Testing Market Overview
10.2.2 Europe Gastrointestinal Infection Testing Market Forecasts and Analysis
10.2.3 Europe Gastrointestinal Infection Testing Market Forecasts and Analysis - By Test Type
10.2.4 Europe Gastrointestinal Infection Testing Market Forecasts and Analysis - By Technique
10.2.5 Europe Gastrointestinal Infection Testing Market Forecasts and Analysis - By End User
10.2.6 Europe Gastrointestinal Infection Testing Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Gastrointestinal Infection Testing Market
10.2.6.1.1 Germany Gastrointestinal Infection Testing Market by Test Type
10.2.6.1.2 Germany Gastrointestinal Infection Testing Market by Technique
10.2.6.1.3 Germany Gastrointestinal Infection Testing Market by End User
10.2.6.2 France Gastrointestinal Infection Testing Market
10.2.6.2.1 France Gastrointestinal Infection Testing Market by Test Type
10.2.6.2.2 France Gastrointestinal Infection Testing Market by Technique
10.2.6.2.3 France Gastrointestinal Infection Testing Market by End User
10.2.6.3 Italy Gastrointestinal Infection Testing Market
10.2.6.3.1 Italy Gastrointestinal Infection Testing Market by Test Type
10.2.6.3.2 Italy Gastrointestinal Infection Testing Market by Technique
10.2.6.3.3 Italy Gastrointestinal Infection Testing Market by End User
10.2.6.4 Spain Gastrointestinal Infection Testing Market
10.2.6.4.1 Spain Gastrointestinal Infection Testing Market by Test Type
10.2.6.4.2 Spain Gastrointestinal Infection Testing Market by Technique
10.2.6.4.3 Spain Gastrointestinal Infection Testing Market by End User
10.2.6.5 United Kingdom Gastrointestinal Infection Testing Market
10.2.6.5.1 United Kingdom Gastrointestinal Infection Testing Market by Test Type
10.2.6.5.2 United Kingdom Gastrointestinal Infection Testing Market by Technique
10.2.6.5.3 United Kingdom Gastrointestinal Infection Testing Market by End User
10.2.6.6 Rest of Europe Gastrointestinal Infection Testing Market
10.2.6.6.1 Rest of Europe Gastrointestinal Infection Testing Market by Test Type
10.2.6.6.2 Rest of Europe Gastrointestinal Infection Testing Market by Technique
10.2.6.6.3 Rest of Europe Gastrointestinal Infection Testing Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Gastrointestinal Infection Testing Market Overview
10.3.2 Asia-Pacific Gastrointestinal Infection Testing Market Forecasts and Analysis
10.3.3 Asia-Pacific Gastrointestinal Infection Testing Market Forecasts and Analysis - By Test Type
10.3.4 Asia-Pacific Gastrointestinal Infection Testing Market Forecasts and Analysis - By Technique
10.3.5 Asia-Pacific Gastrointestinal Infection Testing Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Gastrointestinal Infection Testing Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Gastrointestinal Infection Testing Market
10.3.6.1.1 Australia Gastrointestinal Infection Testing Market by Test Type
10.3.6.1.2 Australia Gastrointestinal Infection Testing Market by Technique
10.3.6.1.3 Australia Gastrointestinal Infection Testing Market by End User
10.3.6.2 China Gastrointestinal Infection Testing Market
10.3.6.2.1 China Gastrointestinal Infection Testing Market by Test Type
10.3.6.2.2 China Gastrointestinal Infection Testing Market by Technique
10.3.6.2.3 China Gastrointestinal Infection Testing Market by End User
10.3.6.3 India Gastrointestinal Infection Testing Market
10.3.6.3.1 India Gastrointestinal Infection Testing Market by Test Type
10.3.6.3.2 India Gastrointestinal Infection Testing Market by Technique
10.3.6.3.3 India Gastrointestinal Infection Testing Market by End User
10.3.6.4 Japan Gastrointestinal Infection Testing Market
10.3.6.4.1 Japan Gastrointestinal Infection Testing Market by Test Type
10.3.6.4.2 Japan Gastrointestinal Infection Testing Market by Technique
10.3.6.4.3 Japan Gastrointestinal Infection Testing Market by End User
10.3.6.5 South Korea Gastrointestinal Infection Testing Market
10.3.6.5.1 South Korea Gastrointestinal Infection Testing Market by Test Type
10.3.6.5.2 South Korea Gastrointestinal Infection Testing Market by Technique
10.3.6.5.3 South Korea Gastrointestinal Infection Testing Market by End User
10.3.6.6 Rest of Asia-Pacific Gastrointestinal Infection Testing Market
10.3.6.6.1 Rest of Asia-Pacific Gastrointestinal Infection Testing Market by Test Type
10.3.6.6.2 Rest of Asia-Pacific Gastrointestinal Infection Testing Market by Technique
10.3.6.6.3 Rest of Asia-Pacific Gastrointestinal Infection Testing Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Gastrointestinal Infection Testing Market Overview
10.4.2 Middle East and Africa Gastrointestinal Infection Testing Market Forecasts and Analysis
10.4.3 Middle East and Africa Gastrointestinal Infection Testing Market Forecasts and Analysis - By Test Type
10.4.4 Middle East and Africa Gastrointestinal Infection Testing Market Forecasts and Analysis - By Technique
10.4.5 Middle East and Africa Gastrointestinal Infection Testing Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Gastrointestinal Infection Testing Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Gastrointestinal Infection Testing Market
10.4.6.1.1 South Africa Gastrointestinal Infection Testing Market by Test Type
10.4.6.1.2 South Africa Gastrointestinal Infection Testing Market by Technique
10.4.6.1.3 South Africa Gastrointestinal Infection Testing Market by End User
10.4.6.2 Saudi Arabia Gastrointestinal Infection Testing Market
10.4.6.2.1 Saudi Arabia Gastrointestinal Infection Testing Market by Test Type
10.4.6.2.2 Saudi Arabia Gastrointestinal Infection Testing Market by Technique
10.4.6.2.3 Saudi Arabia Gastrointestinal Infection Testing Market by End User
10.4.6.3 U.A.E Gastrointestinal Infection Testing Market
10.4.6.3.1 U.A.E Gastrointestinal Infection Testing Market by Test Type
10.4.6.3.2 U.A.E Gastrointestinal Infection Testing Market by Technique
10.4.6.3.3 U.A.E Gastrointestinal Infection Testing Market by End User
10.4.6.4 Rest of Middle East and Africa Gastrointestinal Infection Testing Market
10.4.6.4.1 Rest of Middle East and Africa Gastrointestinal Infection Testing Market by Test Type
10.4.6.4.2 Rest of Middle East and Africa Gastrointestinal Infection Testing Market by Technique
10.4.6.4.3 Rest of Middle East and Africa Gastrointestinal Infection Testing Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Gastrointestinal Infection Testing Market Overview
10.5.2 South and Central America Gastrointestinal Infection Testing Market Forecasts and Analysis
10.5.3 South and Central America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Test Type
10.5.4 South and Central America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Technique
10.5.5 South and Central America Gastrointestinal Infection Testing Market Forecasts and Analysis - By End User
10.5.6 South and Central America Gastrointestinal Infection Testing Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Gastrointestinal Infection Testing Market
10.5.6.1.1 Brazil Gastrointestinal Infection Testing Market by Test Type
10.5.6.1.2 Brazil Gastrointestinal Infection Testing Market by Technique
10.5.6.1.3 Brazil Gastrointestinal Infection Testing Market by End User
10.5.6.2 Argentina Gastrointestinal Infection Testing Market
10.5.6.2.1 Argentina Gastrointestinal Infection Testing Market by Test Type
10.5.6.2.2 Argentina Gastrointestinal Infection Testing Market by Technique
10.5.6.2.3 Argentina Gastrointestinal Infection Testing Market by End User
10.5.6.3 Rest of South and Central America Gastrointestinal Infection Testing Market
10.5.6.3.1 Rest of South and Central America Gastrointestinal Infection Testing Market by Test Type
10.5.6.3.2 Rest of South and Central America Gastrointestinal Infection Testing Market by Technique
10.5.6.3.3 Rest of South and Central America Gastrointestinal Infection Testing Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL GASTROINTESTINAL INFECTION TESTING 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. GASTROINTESTINAL INFECTION TESTING MARKET, KEY COMPANY PROFILES
13.1. BD
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. SAVYON DIAGNOSTICS
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. BIOMÉRIEUX SA
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. NANOENTEK INC.
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. LUMINEX 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. HOLOGIC INC.
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. BIO-RAD LABORATORIES, INC.
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. TRINITY BIOTECH
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. QUEST DIAGNOSTICS INCORPORATED.
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. ALERE
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. BD
2. Savyon Diagnostics
3. Biomérieux Sa
4. Nanoentek Inc.
5. Luminex Corporation
6. Hologic Inc.
7. Bio-Rad Laboratories, Inc.
8. Trinity Biotech
9. Quest Diagnostics Incorporated.
10. Alere
11. Hoffmann-La Roche Ltd
12. Thermo Fisher Scientific Inc.
13. Quidel Corporation
14. Illumina, Inc.
15. Seegene 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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