The ICU Ventilator Market is expected to register a CAGR of 9.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by ICU Ventilator Market By Product Type (High-end ICU Ventilators, Mid-end ICU Ventilators, and Basic ICU Ventilators), Type (Adult/Paediatric Ventilators and Neonatal/Infant Ventilators), Mode (Combined Mode Ventilation, Volume Mode Ventilation, Pressure Mode Ventilation, and Others), End User (Hospitals, Specialty clinics, Rehabilitation Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). 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 Ventilator 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 Ventilator Market Segmentation
Product Type- High-end ICU Ventilators
- Mid-end ICU Ventilators
- Basic ICU Ventilators
- Adult/Paediatric Ventilators and Neonatal/Infant Ventilators
- Combined Mode Ventilation
- Volume Mode Ventilation
- Pressure Mode Ventilation
- Others
- Hospitals
- Specialty clinics
- Rehabilitation Centers
- Others
Strategic Insights
ICU Ventilator Market Growth Drivers- Rising Prevalence of chronic diseases and rising geratric population: The elderly are more susceptible to chronic diseases and respiratory conditions, thus making their admittance into the ICU setting more susceptible and further increasing the demand for ventilators. Mechanical ventilation in critical care settings is all driven by chronic respiratory diseases like asthma and COPD. After all, asthma affects millions of people in the United States, thereby causing large loss of work and school days.
- Impact of COVID-19: The demand for ICU ventilators increased during the COVID-19 pandemic because more patients required respiratory support, or to manage complications resulting from COPD. This, in turn, means that one must dramatically increase production capacities for the ICU ventilator devices by companies who are involved in manufacturing such products.
- Investments on Healthcare Infrastructure: Governments of most countries have invested highly in health infrastructure, especially on ICU facilities, which have further improved the availability and access to advanced ventilators. Increased hospital admissions into ICUs resulting from different health crises such as respiratory-related diseases and complications from chronic diseases have also necessitated a high number of ventilators.
- Technological advancements: State-of-the-art ventilator technology encompasses better features in patient monitoring and support, and upgrading equipment is an attraction for healthcare providers. Many markets request high-end ICU ventilators with modular designs and advanced functionalities. Such a factor is expected to aid the overall market growth.
- Focus on Infection Control: Advanced awareness of infection control measures in hospitals should provide an impetus for more evolved ventilatory support systems that will be able to help manage the patient care effectively while keeping infection risks at bay. This will lead to greater demand for ICU ventilation in the future years.
- Rising patient needs: Healthcare spending and infrastructure development in emerging economies open up further opportunities for market growth because these countries upgrade their critical care capabilities. Continuously adapting to changing patient needs, especially after COVID-19, is keeping healthcare providers at the edge of managed demand for efficient and advanced ventilatory support systems for medical devices.
- Rising geratric population: With an aging population, there is a whole-body experience of chronic diseases and thus a need for more medical devices that can treat health conditions effectively. ICU ventilators allow older adults and adults to conveniently monitor their health metrics independently through a much more accessible means.
- United States Federal Funding and Grants: Historically, the federal government has supported funding for modernization of hospital infrastructure. Grants and loans under such programs as the Hill-Burton Act facilitated the funding of the construction and improvement of hospitals and other medical facilities. Today, there is a huge momentum to once again increase federal investment to renew ageing infrastructure in hospitals so that they may better respond to public health emergencies both now, such as pandemics, and in the future, including natural disasters.
- Healthcare initiatives: The United Arab Emirates government is aggressively managing demographic changes by investing in its health care infrastructure. The planned spending on healthcare is estimated to reach $34 billion by 2027, investment which would otherwise have been channelled into the development of facilities and international partnerships would be focused on creating a better health care service delivery model. This model underlines the role sovereign wealth funds play in healthcare infrastructure investment.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the ICU Ventilator 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 Ventilator 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
Hospitals segment accounted for the largest share in 2023 and is expected to retain its dominance during the forecast period
In Europe, France held the third largest share in 2023.
United States Federal Funding and grants
North America held the largest share in 2023 and is expected to retain its dominance during the forecast period
Rising Prevalence of chronic diseases and rising geratric population
The ICU Ventilator Market is estimated to witness a CAGR of 9.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 ICU Ventilator Market - By Product Type
1.3.2 ICU Ventilator Market - By Type
1.3.3 ICU Ventilator Market - By Mode
1.3.4 ICU Ventilator Market - By End User
1.3.5 ICU Ventilator Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ICU VENTILATOR 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 VENTILATOR 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 VENTILATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. ICU VENTILATOR - GLOBAL MARKET OVERVIEW
6.2. ICU VENTILATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ICU VENTILATOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH-END ICU VENTILATORS
7.3.1. Overview
7.3.2. High-end ICU Ventilators Market Forecast and Analysis
7.4. MID-END ICU VENTILATORS
7.4.1. Overview
7.4.2. Mid-end ICU Ventilators Market Forecast and Analysis
7.5. BASIC ICU VENTILATORS
7.5.1. Overview
7.5.2. Basic ICU Ventilators Market Forecast and Analysis
8. ICU VENTILATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. ADULT/PEDIATRIC VENTILATORS
8.3.1. Overview
8.3.2. Adult/Pediatric Ventilators Market Forecast and Analysis
8.4. NEONATAL/INFANT VENTILATORS
8.4.1. Overview
8.4.2. Neonatal/Infant Ventilators Market Forecast and Analysis
9. ICU VENTILATOR MARKET - REVENUE AND FORECASTS TO 2028 - MODE
9.1. OVERVIEW
9.2. MODE MARKET FORECASTS AND ANALYSIS
9.3. COMBINED MODE VENTILATION
9.3.1. Overview
9.3.2. Combined Mode Ventilation Market Forecast and Analysis
9.4. VOLUME MODE VENTILATION
9.4.1. Overview
9.4.2. Volume Mode Ventilation Market Forecast and Analysis
9.5. PRESSURE MODE VENTILATION
9.5.1. Overview
9.5.2. Pressure Mode Ventilation Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ICU VENTILATOR 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. SPECIALTY CLINICS
10.4.1. Overview
10.4.2. Specialty clinics Market Forecast and Analysis
10.5. REHABILITATION CENTERS
10.5.1. Overview
10.5.2. Rehabilitation centers Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. ICU VENTILATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America ICU Ventilator Market Overview
11.1.2 North America ICU Ventilator Market Forecasts and Analysis
11.1.3 North America ICU Ventilator Market Forecasts and Analysis - By Product Type
11.1.4 North America ICU Ventilator Market Forecasts and Analysis - By Type
11.1.5 North America ICU Ventilator Market Forecasts and Analysis - By Mode
11.1.6 North America ICU Ventilator Market Forecasts and Analysis - By End User
11.1.7 North America ICU Ventilator Market Forecasts and Analysis - By Countries
11.1.7.1 United States ICU Ventilator Market
11.1.7.1.1 United States ICU Ventilator Market by Product Type
11.1.7.1.2 United States ICU Ventilator Market by Type
11.1.7.1.3 United States ICU Ventilator Market by Mode
11.1.7.1.4 United States ICU Ventilator Market by End User
11.1.7.2 Canada ICU Ventilator Market
11.1.7.2.1 Canada ICU Ventilator Market by Product Type
11.1.7.2.2 Canada ICU Ventilator Market by Type
11.1.7.2.3 Canada ICU Ventilator Market by Mode
11.1.7.2.4 Canada ICU Ventilator Market by End User
11.1.7.3 Mexico ICU Ventilator Market
11.1.7.3.1 Mexico ICU Ventilator Market by Product Type
11.1.7.3.2 Mexico ICU Ventilator Market by Type
11.1.7.3.3 Mexico ICU Ventilator Market by Mode
11.1.7.3.4 Mexico ICU Ventilator Market by End User
11.1.7.4 US ICU Ventilator Market
11.1.7.4.1 US ICU Ventilator Market by Product Type
11.1.7.4.2 US ICU Ventilator Market by Type
11.1.7.4.3 US ICU Ventilator Market by Mode
11.1.7.4.4 US ICU Ventilator Market by End User
11.2. EUROPE
11.2.1 Europe ICU Ventilator Market Overview
11.2.2 Europe ICU Ventilator Market Forecasts and Analysis
11.2.3 Europe ICU Ventilator Market Forecasts and Analysis - By Product Type
11.2.4 Europe ICU Ventilator Market Forecasts and Analysis - By Type
11.2.5 Europe ICU Ventilator Market Forecasts and Analysis - By Mode
11.2.6 Europe ICU Ventilator Market Forecasts and Analysis - By End User
11.2.7 Europe ICU Ventilator Market Forecasts and Analysis - By Countries
11.2.7.1 Germany ICU Ventilator Market
11.2.7.1.1 Germany ICU Ventilator Market by Product Type
11.2.7.1.2 Germany ICU Ventilator Market by Type
11.2.7.1.3 Germany ICU Ventilator Market by Mode
11.2.7.1.4 Germany ICU Ventilator Market by End User
11.2.7.2 France ICU Ventilator Market
11.2.7.2.1 France ICU Ventilator Market by Product Type
11.2.7.2.2 France ICU Ventilator Market by Type
11.2.7.2.3 France ICU Ventilator Market by Mode
11.2.7.2.4 France ICU Ventilator Market by End User
11.2.7.3 Italy ICU Ventilator Market
11.2.7.3.1 Italy ICU Ventilator Market by Product Type
11.2.7.3.2 Italy ICU Ventilator Market by Type
11.2.7.3.3 Italy ICU Ventilator Market by Mode
11.2.7.3.4 Italy ICU Ventilator Market by End User
11.2.7.4 Spain ICU Ventilator Market
11.2.7.4.1 Spain ICU Ventilator Market by Product Type
11.2.7.4.2 Spain ICU Ventilator Market by Type
11.2.7.4.3 Spain ICU Ventilator Market by Mode
11.2.7.4.4 Spain ICU Ventilator Market by End User
11.2.7.5 United Kingdom ICU Ventilator Market
11.2.7.5.1 United Kingdom ICU Ventilator Market by Product Type
11.2.7.5.2 United Kingdom ICU Ventilator Market by Type
11.2.7.5.3 United Kingdom ICU Ventilator Market by Mode
11.2.7.5.4 United Kingdom ICU Ventilator Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific ICU Ventilator Market Overview
11.3.2 Asia-Pacific ICU Ventilator Market Forecasts and Analysis
11.3.3 Asia-Pacific ICU Ventilator Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific ICU Ventilator Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific ICU Ventilator Market Forecasts and Analysis - By Mode
11.3.6 Asia-Pacific ICU Ventilator Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific ICU Ventilator Market Forecasts and Analysis - By Countries
11.3.7.1 Australia ICU Ventilator Market
11.3.7.1.1 Australia ICU Ventilator Market by Product Type
11.3.7.1.2 Australia ICU Ventilator Market by Type
11.3.7.1.3 Australia ICU Ventilator Market by Mode
11.3.7.1.4 Australia ICU Ventilator Market by End User
11.3.7.2 China ICU Ventilator Market
11.3.7.2.1 China ICU Ventilator Market by Product Type
11.3.7.2.2 China ICU Ventilator Market by Type
11.3.7.2.3 China ICU Ventilator Market by Mode
11.3.7.2.4 China ICU Ventilator Market by End User
11.3.7.3 India ICU Ventilator Market
11.3.7.3.1 India ICU Ventilator Market by Product Type
11.3.7.3.2 India ICU Ventilator Market by Type
11.3.7.3.3 India ICU Ventilator Market by Mode
11.3.7.3.4 India ICU Ventilator Market by End User
11.3.7.4 Japan ICU Ventilator Market
11.3.7.4.1 Japan ICU Ventilator Market by Product Type
11.3.7.4.2 Japan ICU Ventilator Market by Type
11.3.7.4.3 Japan ICU Ventilator Market by Mode
11.3.7.4.4 Japan ICU Ventilator Market by End User
11.3.7.5 South Korea ICU Ventilator Market
11.3.7.5.1 South Korea ICU Ventilator Market by Product Type
11.3.7.5.2 South Korea ICU Ventilator Market by Type
11.3.7.5.3 South Korea ICU Ventilator Market by Mode
11.3.7.5.4 South Korea ICU Ventilator Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa ICU Ventilator Market Overview
11.4.2 Middle East and Africa ICU Ventilator Market Forecasts and Analysis
11.4.3 Middle East and Africa ICU Ventilator Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa ICU Ventilator Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa ICU Ventilator Market Forecasts and Analysis - By Mode
11.4.6 Middle East and Africa ICU Ventilator Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa ICU Ventilator Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa ICU Ventilator Market
11.4.7.1.1 South Africa ICU Ventilator Market by Product Type
11.4.7.1.2 South Africa ICU Ventilator Market by Type
11.4.7.1.3 South Africa ICU Ventilator Market by Mode
11.4.7.1.4 South Africa ICU Ventilator Market by End User
11.4.7.2 Saudi Arabia ICU Ventilator Market
11.4.7.2.1 Saudi Arabia ICU Ventilator Market by Product Type
11.4.7.2.2 Saudi Arabia ICU Ventilator Market by Type
11.4.7.2.3 Saudi Arabia ICU Ventilator Market by Mode
11.4.7.2.4 Saudi Arabia ICU Ventilator Market by End User
11.4.7.3 U.A.E ICU Ventilator Market
11.4.7.3.1 U.A.E ICU Ventilator Market by Product Type
11.4.7.3.2 U.A.E ICU Ventilator Market by Type
11.4.7.3.3 U.A.E ICU Ventilator Market by Mode
11.4.7.3.4 U.A.E ICU Ventilator Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America ICU Ventilator Market Overview
11.5.2 South and Central America ICU Ventilator Market Forecasts and Analysis
11.5.3 South and Central America ICU Ventilator Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America ICU Ventilator Market Forecasts and Analysis - By Type
11.5.5 South and Central America ICU Ventilator Market Forecasts and Analysis - By Mode
11.5.6 South and Central America ICU Ventilator Market Forecasts and Analysis - By End User
11.5.7 South and Central America ICU Ventilator Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil ICU Ventilator Market
11.5.7.1.1 Brazil ICU Ventilator Market by Product Type
11.5.7.1.2 Brazil ICU Ventilator Market by Type
11.5.7.1.3 Brazil ICU Ventilator Market by Mode
11.5.7.1.4 Brazil ICU Ventilator Market by End User
11.5.7.2 Argentina ICU Ventilator Market
11.5.7.2.1 Argentina ICU Ventilator Market by Product Type
11.5.7.2.2 Argentina ICU Ventilator Market by Type
11.5.7.2.3 Argentina ICU Ventilator Market by Mode
11.5.7.2.4 Argentina ICU Ventilator Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ICU VENTILATOR MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Rest of the World
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. ICU VENTILATOR MARKET, KEY COMPANY PROFILES
14.1. PHILIPS HEALTHCARE
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. RESMED
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. MEDTRONIC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. BECTON, DICKINSON AND COMPANY
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GETINGE
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. DRäGER
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SMITHS GROUP
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. HAMILTON MEDICAL
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. GE HEALTHCARE
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. FISHER AND PAYKEL
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
14.11. AIR LIQUIDE
14.11.1. Key Facts
14.11.2. Business Description
14.11.3. Products and Services
14.11.4. Financial Overview
14.11.5. SWOT Analysis
14.11.6. Key Developments
14.12. ZOLL MEDICAL
14.12.1. Key Facts
14.12.2. Business Description
14.12.3. Products and Services
14.12.4. Financial Overview
14.12.5. SWOT Analysis
14.12.6. Key Developments
14.13. ALLIED HEALTHCARE PRODUCTS
14.13.1. Key Facts
14.13.2. Business Description
14.13.3. Products and Services
14.13.4. Financial Overview
14.13.5. SWOT Analysis
14.13.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Philips Healthcare
2. ResMed
3. Medtronic
4. Becton, Dickinson and Company
5. Getinge
6. Dräger
7. Smiths Group
8. Hamilton Medical
9. GE Healthcare
10. Fisher & Paykel
11. Air Liquide
12. Zoll Medical
13. Allied Healthcare Products
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