ICU Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
ICU Equipment is the life-supporting equipment used in an emergency conditions. Equipment such as cardiac monitors, mechanical ventilators, infusion pumps, syringe pumps, suction machines, and oxygen pumps are some of the ICU equipment.
MARKET SCOPE
The "Global ICU Equipment Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ICU Equipment market with detailed market segmentation by product type, patient type, application, and end user. The report provides key statistics on the market status of the leading ICU Equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, patient monitors, sleep apnea devices, defibrillators, anesthesia machines, ventilators, infusion pumps, and blood warmer.
- Based on patient type the market is segmented as, adult, geriatric, pediatric, and neonates.
- Based on application the market is segmented as, surgeries, coronary angioplasty, atrial fibrillation, acute coronary syndrome, pulmonary embolism, deep vein thrombosis, and hemodialysis.
- Based on end user the market is segmented as, hospitals, ambulatory surgical centers, clinics, homecare settings, and trauma center.
MARKET DYNAMICS
Drivers:
- Rising prevalence of chronic diseases.
- Rising cases of medical emergencies.
- Extensive R&D efforts by medical device and hospital care companies to enhance ICU eequipment is expected to fuel the market growth.
Restraints:
- High cost of medical treatment.
- Whereas, high cost of ICU equipment is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The ICU Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the ICU Equipment market in these regions.
IMPACT OF COVID-19 ON ICU EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The ICU Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the ICU Equipment market in these regions.
IMPACT OF COVID-19 ON ICU EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the ICU Equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ICU Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for ICU Equipment in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ICU Equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 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.
- 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.
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.
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