ICU Equipment Market Size 2031 | Drivers and Opportunities
The ICU Equipment Market is expected to register a CAGR of 3.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented By Product Type (Patient Monitors, Sleep Apnea Devices, Defibrillator, Anesthesia Machine, Ventilators, Infusion Pump, Blood Warmer); Patient Type (Adult, Geriatric, Pediatric, Neonates); Application (Surgeries, Coronary Angioplasty, Atrial Fibrillation, Acute Coronary Syndrome, Pulmonary, Embolism, Deep Vein Thrombosis, Hemodialysis); End User (Hospitals, Ambulatory Surgical Centers, Clinics, Homecare Settings, Trauma Center) . 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 ICU Equipment 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.
ICU Equipment Market Segmentation
Product Type- Patient Monitors
- Sleep Apnea Devices
- Defibrillator
- Anesthesia Machine
- Ventilators
- Infusion Pump
- Blood Warmer
- Adult
- Geriatric
- Pediatric
- Neonates
- Surgeries
- Coronary Angioplasty
- Atrial Fibrillation
- Acute Coronary Syndrome
- Pulmonary
- Embolism
- Deep Vein Thrombosis
- Hemodialysis
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Homecare Settings
- Trauma Center
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Homecare Settings
- Trauma Center
Strategic Insights
ICU Equipment Market Growth Drivers- Rising Prevalence of Chronic Diseases: There is an increase in the prevalence of chronic health conditions, including heart ailments, diabetes, lung illnesses, and others, among the population. Hence the higher the number of Claric Ventilators in the hospitals looking after patients in ICUs, the greater the number of patients who are critically ill and demand attention within intensive care units. Therefore, this trend compels more and more health care practitioners to adapt to the recent technologies of ICU machines available in their institutions, in order to preserve and enhance the survival of patients.
- Advancements in Medical Technology: ICU Equipment Market is also driven by technological upgrades which include enhanced systems of monitoring among other equipment enhancing the saving of lives. New technologies such as non-invasive monitoring and real-time diagnostics as well as automated systems are assisting in critical patient care. They lead to less invasive and more effective procedures, lessening side effects and improving the overall results, thereby quickening the uptake of advanced ICU gear.
- Aging Population and Increased ICU Admissions: The market for ICU equipment is also propelled by the increasing population of the elderly. This is because this age group is at a greater risk of contracting critical illnesses that will necessitate the use of EA units. For that reason, as the elderly population increases, modernized ICU facilities are being incorporated in the healthcare system in order to keep up with the increasing number of patients in critical care, thereby increasing the size of the market.
- Integration of IoT and Remote Monitoring: A leading trend that can be observed in the market for ICU equipment includes the growing adoption of IoT-based remote patient monitoring systems. IoT system devices enhance the possibility of monitoring the vitals and other parameters of the patient from either next to the patient or at a distance by the health care providers, even in situations where the patient is in an ICU. This is a trend reduces the risks associated with such procedures by increasing the ability of the data since it helps in early complication diagnosis and enhances decision support systems.
- Miniaturization and Portability of ICU Equipment: Enhanced demand coupled with ruggedization and miniaturization of Intensive Care Unit support systems. For instance, portable ventilators, compact ECG machine, and mobile blood drawing chairss have made intensive care easy during movement or in small medical facilities like ambulatory surgical centers. These innovations ensure that patients can receive state of the art yet minimally invasive treatments very easily at any place without any compromise on quality.
- Use of Artificial Intelligence for Predictive Analysis: There is an increasing interdisciplinary approach in the ICU of many hospitals where more Artificial Intelligence (AI) systems that facilitate prediction and enhance the processes of making the right choices are added. Predictive modeling with artificial intelligence is a form of artificial intelligence where machine learning techniques are used to evaluate and analyze large pools of patients to predict certain outcomes for example complication risks such as sepsis or organ failure so that preventive actions can be taken before hand. This is another development that has improved, if not changed the scope of critical care and management in the ICUs, with the use of more advanced patients complications management and low attendant mortality rates.
- Expansion in Emerging Markets: With improvements in the healthcare system in developing countries, there exists an enormous potential in the market for ICU equipment. Some countries in Asia, Africa, and Latin America are working to upgrade their health systems, most of which include the expansion of ICU departments. It creates an opportunity for manufacturers to come up with affordable high-quality ICU machines that fit the needs of these emerging healthcare industries.
- Growth in Home ICU Care: Prolonging hospital visits of housebound patients receiving health care services due to old age and illness opens up a window for development of domiciliary ICU paraphernalia. Items such as easy to carry ventilators, oxygen machines, and monitoring systems are on demand as they present a cheaper and more convenient option for patients who need critical care to go outside the normal hospital environment creating a new market segment.
- Integration of Advanced Telemedicine Solutions: In addition, it provides a chance to make the provision of care better, utilizing ICU devices rather associated with telemedicine. Tele-ICU’s refers to the provision of geriatric care to patients in Intensified Care Units while being supported by remote monitoring systems and is changing the face of critical care medicine. With this system, there are now enhanced communication facilities which enable health practitioners to consult patients even by using video conferencing which improves patient care especially for patients living in very remote areas conserving resources thereby increasing the global reach of ICU services.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the ICU Equipment 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 ICU Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is expected to grow at a CAGR of 3.9%
Rising prevalence of chronic diseases and advancements in medical technology are the major factors boosting the ICU equipment market growth
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
The North America region accounts for highest revenue share ICU equipment market
KONINKLIJKE PHILIPS N.V, GENERAL ELECTRIC, INTEGRA LIFE SCIENCES CORPORATION, EDWARDS LIFESCIENCES CORPORATION, GETINGE AB, HEYER MEDICAL AG, B. BRAUN MELSUNGEN AG, DRAGERWERK AG AND CO. KGAA, MEDTRONIC, FRESENIUS SE AND CO. KGAA, SMITHS MEDICAL, INC.are the some of the key market players operating in the ICU equipment market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 ICU Equipment Market - By Product Type
1.3.2 ICU Equipment Market - By Patient Type
1.3.3 ICU Equipment Market - By Application
1.3.4 ICU Equipment Market - By End User
1.3.5 ICU Equipment Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ICU EQUIPMENT 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. ICU EQUIPMENT 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. ICU EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. ICU EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. ICU EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ICU EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PATIENT MONITORS
7.3.1. Overview
7.3.2. Patient Monitors Market Forecast and Analysis
7.4. SLEEP APNEA DEVICES
7.4.1. Overview
7.4.2. Sleep Apnea Devices Market Forecast and Analysis
7.5. DEFIBRILLATOR
7.5.1. Overview
7.5.2. Defibrillator Market Forecast and Analysis
7.6. ANESTHESIA MACHINE
7.6.1. Overview
7.6.2. Anesthesia Machine Market Forecast and Analysis
7.7. VENTILATORS
7.7.1. Overview
7.7.2. Ventilators Market Forecast and Analysis
7.8. INFUSION PUMP
7.8.1. Overview
7.8.2. Infusion Pump Market Forecast and Analysis
7.9. BLOOD WARMER
7.9.1. Overview
7.9.2. Blood Warmer Market Forecast and Analysis
8. ICU EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PATIENT TYPE
8.1. OVERVIEW
8.2. PATIENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ADULT
8.3.1. Overview
8.3.2. Adult Market Forecast and Analysis
8.4. GERIATRIC
8.4.1. Overview
8.4.2. Geriatric Market Forecast and Analysis
8.5. PEDIATRIC
8.5.1. Overview
8.5.2. Pediatric Market Forecast and Analysis
8.6. NEONATES
8.6.1. Overview
8.6.2. Neonates Market Forecast and Analysis
9. ICU EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SURGERIES
9.3.1. Overview
9.3.2. Surgeries Market Forecast and Analysis
9.4. CORONARY ANGIOPLASTY
9.4.1. Overview
9.4.2. Coronary Angioplasty Market Forecast and Analysis
9.5. ATRIAL FIBRILLATION
9.5.1. Overview
9.5.2. Atrial Fibrillation Market Forecast and Analysis
9.6. ACUTE CORONARY SYNDROME
9.6.1. Overview
9.6.2. Acute Coronary Syndrome Market Forecast and Analysis
9.7. PULMONARY
9.7.1. Overview
9.7.2. Pulmonary Market Forecast and Analysis
9.8. EMBOLISM
9.8.1. Overview
9.8.2. Embolism Market Forecast and Analysis
9.9. DEEP VEIN THROMBOSIS
9.9.1. Overview
9.9.2. Deep Vein Thrombosis Market Forecast and Analysis
9.10. HEMODIALYSIS
9.10.1. Overview
9.10.2. Hemodialysis Market Forecast and Analysis
10. ICU EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. AMBULATORY SURGICAL CENTERS
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.5. CLINICS
10.5.1. Overview
10.5.2. Clinics Market Forecast and Analysis
10.6. HOMECARE SETTINGS
10.6.1. Overview
10.6.2. Homecare Settings Market Forecast and Analysis
10.7. TRAUMA CENTER
10.7.1. Overview
10.7.2. Trauma Center Market Forecast and Analysis
11. ICU EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America ICU Equipment Market Overview
11.1.2 North America ICU Equipment Market Forecasts and Analysis
11.1.3 North America ICU Equipment Market Forecasts and Analysis - By Product Type
11.1.4 North America ICU Equipment Market Forecasts and Analysis - By Patient Type
11.1.5 North America ICU Equipment Market Forecasts and Analysis - By Application
11.1.6 North America ICU Equipment Market Forecasts and Analysis - By End User
11.1.7 North America ICU Equipment Market Forecasts and Analysis - By Countries
11.1.7.1 United States ICU Equipment Market
11.1.7.1.1 United States ICU Equipment Market by Product Type
11.1.7.1.2 United States ICU Equipment Market by Patient Type
11.1.7.1.3 United States ICU Equipment Market by Application
11.1.7.1.4 United States ICU Equipment Market by End User
11.1.7.2 Canada ICU Equipment Market
11.1.7.2.1 Canada ICU Equipment Market by Product Type
11.1.7.2.2 Canada ICU Equipment Market by Patient Type
11.1.7.2.3 Canada ICU Equipment Market by Application
11.1.7.2.4 Canada ICU Equipment Market by End User
11.1.7.3 Mexico ICU Equipment Market
11.1.7.3.1 Mexico ICU Equipment Market by Product Type
11.1.7.3.2 Mexico ICU Equipment Market by Patient Type
11.1.7.3.3 Mexico ICU Equipment Market by Application
11.1.7.3.4 Mexico ICU Equipment Market by End User
11.2. EUROPE
11.2.1 Europe ICU Equipment Market Overview
11.2.2 Europe ICU Equipment Market Forecasts and Analysis
11.2.3 Europe ICU Equipment Market Forecasts and Analysis - By Product Type
11.2.4 Europe ICU Equipment Market Forecasts and Analysis - By Patient Type
11.2.5 Europe ICU Equipment Market Forecasts and Analysis - By Application
11.2.6 Europe ICU Equipment Market Forecasts and Analysis - By End User
11.2.7 Europe ICU Equipment Market Forecasts and Analysis - By Countries
11.2.7.1 Germany ICU Equipment Market
11.2.7.1.1 Germany ICU Equipment Market by Product Type
11.2.7.1.2 Germany ICU Equipment Market by Patient Type
11.2.7.1.3 Germany ICU Equipment Market by Application
11.2.7.1.4 Germany ICU Equipment Market by End User
11.2.7.2 France ICU Equipment Market
11.2.7.2.1 France ICU Equipment Market by Product Type
11.2.7.2.2 France ICU Equipment Market by Patient Type
11.2.7.2.3 France ICU Equipment Market by Application
11.2.7.2.4 France ICU Equipment Market by End User
11.2.7.3 Italy ICU Equipment Market
11.2.7.3.1 Italy ICU Equipment Market by Product Type
11.2.7.3.2 Italy ICU Equipment Market by Patient Type
11.2.7.3.3 Italy ICU Equipment Market by Application
11.2.7.3.4 Italy ICU Equipment Market by End User
11.2.7.4 Spain ICU Equipment Market
11.2.7.4.1 Spain ICU Equipment Market by Product Type
11.2.7.4.2 Spain ICU Equipment Market by Patient Type
11.2.7.4.3 Spain ICU Equipment Market by Application
11.2.7.4.4 Spain ICU Equipment Market by End User
11.2.7.5 United Kingdom ICU Equipment Market
11.2.7.5.1 United Kingdom ICU Equipment Market by Product Type
11.2.7.5.2 United Kingdom ICU Equipment Market by Patient Type
11.2.7.5.3 United Kingdom ICU Equipment Market by Application
11.2.7.5.4 United Kingdom ICU Equipment Market by End User
11.2.7.6 Rest of Europe ICU Equipment Market
11.2.7.6.1 Rest of Europe ICU Equipment Market by Product Type
11.2.7.6.2 Rest of Europe ICU Equipment Market by Patient Type
11.2.7.6.3 Rest of Europe ICU Equipment Market by Application
11.2.7.6.4 Rest of Europe ICU Equipment Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific ICU Equipment Market Overview
11.3.2 Asia-Pacific ICU Equipment Market Forecasts and Analysis
11.3.3 Asia-Pacific ICU Equipment Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific ICU Equipment Market Forecasts and Analysis - By Patient Type
11.3.5 Asia-Pacific ICU Equipment Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific ICU Equipment Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific ICU Equipment Market Forecasts and Analysis - By Countries
11.3.7.1 Australia ICU Equipment Market
11.3.7.1.1 Australia ICU Equipment Market by Product Type
11.3.7.1.2 Australia ICU Equipment Market by Patient Type
11.3.7.1.3 Australia ICU Equipment Market by Application
11.3.7.1.4 Australia ICU Equipment Market by End User
11.3.7.2 China ICU Equipment Market
11.3.7.2.1 China ICU Equipment Market by Product Type
11.3.7.2.2 China ICU Equipment Market by Patient Type
11.3.7.2.3 China ICU Equipment Market by Application
11.3.7.2.4 China ICU Equipment Market by End User
11.3.7.3 India ICU Equipment Market
11.3.7.3.1 India ICU Equipment Market by Product Type
11.3.7.3.2 India ICU Equipment Market by Patient Type
11.3.7.3.3 India ICU Equipment Market by Application
11.3.7.3.4 India ICU Equipment Market by End User
11.3.7.4 Japan ICU Equipment Market
11.3.7.4.1 Japan ICU Equipment Market by Product Type
11.3.7.4.2 Japan ICU Equipment Market by Patient Type
11.3.7.4.3 Japan ICU Equipment Market by Application
11.3.7.4.4 Japan ICU Equipment Market by End User
11.3.7.5 South Korea ICU Equipment Market
11.3.7.5.1 South Korea ICU Equipment Market by Product Type
11.3.7.5.2 South Korea ICU Equipment Market by Patient Type
11.3.7.5.3 South Korea ICU Equipment Market by Application
11.3.7.5.4 South Korea ICU Equipment Market by End User
11.3.7.6 Rest of Asia-Pacific ICU Equipment Market
11.3.7.6.1 Rest of Asia-Pacific ICU Equipment Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific ICU Equipment Market by Patient Type
11.3.7.6.3 Rest of Asia-Pacific ICU Equipment Market by Application
11.3.7.6.4 Rest of Asia-Pacific ICU Equipment Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa ICU Equipment Market Overview
11.4.2 Middle East and Africa ICU Equipment Market Forecasts and Analysis
11.4.3 Middle East and Africa ICU Equipment Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa ICU Equipment Market Forecasts and Analysis - By Patient Type
11.4.5 Middle East and Africa ICU Equipment Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa ICU Equipment Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa ICU Equipment Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa ICU Equipment Market
11.4.7.1.1 South Africa ICU Equipment Market by Product Type
11.4.7.1.2 South Africa ICU Equipment Market by Patient Type
11.4.7.1.3 South Africa ICU Equipment Market by Application
11.4.7.1.4 South Africa ICU Equipment Market by End User
11.4.7.2 Saudi Arabia ICU Equipment Market
11.4.7.2.1 Saudi Arabia ICU Equipment Market by Product Type
11.4.7.2.2 Saudi Arabia ICU Equipment Market by Patient Type
11.4.7.2.3 Saudi Arabia ICU Equipment Market by Application
11.4.7.2.4 Saudi Arabia ICU Equipment Market by End User
11.4.7.3 U.A.E ICU Equipment Market
11.4.7.3.1 U.A.E ICU Equipment Market by Product Type
11.4.7.3.2 U.A.E ICU Equipment Market by Patient Type
11.4.7.3.3 U.A.E ICU Equipment Market by Application
11.4.7.3.4 U.A.E ICU Equipment Market by End User
11.4.7.4 Rest of Middle East and Africa ICU Equipment Market
11.4.7.4.1 Rest of Middle East and Africa ICU Equipment Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa ICU Equipment Market by Patient Type
11.4.7.4.3 Rest of Middle East and Africa ICU Equipment Market by Application
11.4.7.4.4 Rest of Middle East and Africa ICU Equipment Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America ICU Equipment Market Overview
11.5.2 South and Central America ICU Equipment Market Forecasts and Analysis
11.5.3 South and Central America ICU Equipment Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America ICU Equipment Market Forecasts and Analysis - By Patient Type
11.5.5 South and Central America ICU Equipment Market Forecasts and Analysis - By Application
11.5.6 South and Central America ICU Equipment Market Forecasts and Analysis - By End User
11.5.7 South and Central America ICU Equipment Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil ICU Equipment Market
11.5.7.1.1 Brazil ICU Equipment Market by Product Type
11.5.7.1.2 Brazil ICU Equipment Market by Patient Type
11.5.7.1.3 Brazil ICU Equipment Market by Application
11.5.7.1.4 Brazil ICU Equipment Market by End User
11.5.7.2 Argentina ICU Equipment Market
11.5.7.2.1 Argentina ICU Equipment Market by Product Type
11.5.7.2.2 Argentina ICU Equipment Market by Patient Type
11.5.7.2.3 Argentina ICU Equipment Market by Application
11.5.7.2.4 Argentina ICU Equipment Market by End User
11.5.7.3 Rest of South and Central America ICU Equipment Market
11.5.7.3.1 Rest of South and Central America ICU Equipment Market by Product Type
11.5.7.3.2 Rest of South and Central America ICU Equipment Market by Patient Type
11.5.7.3.3 Rest of South and Central America ICU Equipment Market by Application
11.5.7.3.4 Rest of South and Central America ICU Equipment Market by End User
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. ICU EQUIPMENT MARKET, KEY COMPANY PROFILES
13.1. KONINKLIJKE PHILIPS N.V
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. GENERAL ELECTRIC
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. INTEGRA LIFE SCIENCES CORPORATION
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. EDWARDS LIFESCIENCES CORPORATION
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. GETINGE AB
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. HEYER MEDICAL AG
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. B. BRAUN MELSUNGEN AG
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. DRäGERWERK AG AND CO. KGAA
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
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. FRESENIUS SE AND CO. KGAA
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
13.11. SMITHS MEDICAL, INC.
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.Koninklijke Philips N.V
2.General Electric
3.Integra Life Sciences Corporation
4.Edwards Lifesciences Corporation
5.Getinge AB
6.HEYER Medical AG
7.B. Braun Melsungen AG
8.Drägerwerk AG and Co. KGaA
9.Medtronic
10.Fresenius SE and Co. KGaA
11.Smiths Medical, 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.
Get Free Sample For