IV Administration Sets Market Research Report 2021-2031
The IV Administration Sets Market is expected to register a CAGR of 5.2% 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 IV Administration Sets Market By Type (Standard Gravity IV Administration Sets, IV Administration Sets); Usage Pattern (Primary IV Administration Sets, Secondary IV Administration Sets); Application (Blood Administration Sets, Veterinary Administration Sets, Epidural Administration Sets, Chemotherapy Administration Sets, Autohemotherapy Administration Sets); End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings), 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 IV Administration Sets 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.
IV Administration Sets Market Segmentation
By Type- Standard Gravity IV Administration Sets
- IV Administration Sets
- Primary IV Administration Sets
- Secondary IV Administration Sets
- Blood Administration Sets
- Veterinary Administration Sets
- Epidural Administration Sets
- Chemotherapy Administration Sets
- Autohemotherapy Administration Sets
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care Settings
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care Settings
Strategic Insights
IV Administration Sets Market Growth Drivers- Increasing Incidence of Chronic Diseases: One important motivator is the requirement for quick emergency response, especially in isolated and disaster-prone locations. When standard healthcare facilities are unavailable, mobileEffective intravenous (IV) therapy management is required due to the global increase in chronic disorders like diabetes, cancer, and cardiovascular diseases. Since IV administration sets are necessary for delivering drugs and nutrients straight into the bloodstream, this development greatly increases demand for them.
- Aging Population: As the number of senior people rises, chronic diseases become more common and medical interventions, such as intravenous therapy, become more necessary. IV administration kits are anticipated to become increasingly in demand as elderly persons frequently need more frequent and extended treatments.
- Growth in Surgical Procedures: The need for IV administration systems, which are essential for administering anesthetics and post-operative drugs, is growing as more surgeries are carried out worldwide. This pattern is especially noticeable in areas with highly developed healthcare systems.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Technological Advancements: The safety and effectiveness of medicine delivery are improved by advancements in IV equipment, such as intelligent infusion pumps that interface with electronic health records (EHR). These developments further stimulate market growth by reducing dosing errors and improving patient outcomes.
- Insurance Coverage in the United States : The particular insurance plan determines how much is reimbursed for IV administration sets. The billing and coding procedures that Medicare and Medicaid have set up may have an impact on the availability of coverage. These goods may also be covered by private insurers, albeit with different restrictions.Patients frequently have to pay for some equipment or treatments out of pocket, particularly if they are uninsured or if their insurance does not cover them.
- Funding and Financial Support: Certain items are given experimental coverage alternatives, and reimbursement choices are frequently decided on an individual basis. Although the system permits certain products to be covered by private insurance, patients typically have a low willingness to pay out of pocket. Fast-track solutions are being used to expedite access and increase the efficiency of certain technologies' reimbursement.
- Germany reimbursement policies: IV administration sets are among the various medical devices covered by Germany's well-established statutory health insurance program. Devices used in conjunction with IV medicines can be included in the fast-tracked reimbursement of digital health solutions made possible by the Digital Health Supply Act (DVG). Because statutory health insurance funds fully pay products listed in the Digital Health Product Directory (DiGA), access to these devices is effective and patient-friendly.
- France reimbursement policies:A fast-track method for the payment of medical technologies, such as IV administration systems, is being developed in France. Because the nation uses an individual financing decision-making procedure, several experimental coverage choices are possible. The government is striving to improve access to important therapies through improved reimbursement methods, notwithstanding certain obstacles.
- Sweden reimbursement policies: Patients in Sweden pay out-of-pocket up to a certain amount before receiving full coverage from public payers under the country's consumption-based payment system. After they reach the designated spending limit, this approach guarantees that patients can access a range of medical devices, including IV administration sets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the IV Administration Sets 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 IV Administration Sets 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 disadvantages include the need for nursing supervision, a risk of infections and a risk of coagulation of infusion lines.
Asia Pacific region is expected to witness the highest growth during the forecast period
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
Increasing Incidence of Chronic Diseases
The IV Administration Sets Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
Germany reimbursement policies
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IV Administration Sets Market - By Type
1.3.2 IV Administration Sets Market - By Usage Pattern
1.3.3 IV Administration Sets Market - By Application
1.3.4 IV Administration Sets Market - By End-User
1.3.5 IV Administration Sets Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IV ADMINISTRATION SETS 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. IV ADMINISTRATION SETS 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. IV ADMINISTRATION SETS MARKET - GLOBAL MARKET ANALYSIS
6.1. IV ADMINISTRATION SETS - GLOBAL MARKET OVERVIEW
6.2. IV ADMINISTRATION SETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STANDARD GRAVITY IV ADMINISTRATION SETS
7.3.1. Overview
7.3.2. Standard Gravity IV Administration Sets Market Forecast and Analysis
7.4. IV ADMINISTRATION SETS
7.4.1. Overview
7.4.2. IV Administration Sets Market Forecast and Analysis
8. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - USAGE PATTERN
8.1. OVERVIEW
8.2. USAGE PATTERN MARKET FORECASTS AND ANALYSIS
8.3. PRIMARY IV ADMINISTRATION SETS
8.3.1. Overview
8.3.2. Primary IV Administration Sets Market Forecast and Analysis
8.4. SECONDARY IV ADMINISTRATION SETS
8.4.1. Overview
8.4.2. Secondary IV Administration Sets Market Forecast and Analysis
9. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BLOOD ADMINISTRATION SETS
9.3.1. Overview
9.3.2. Blood Administration Sets Market Forecast and Analysis
9.4. VETERINARY ADMINISTRATION SETS
9.4.1. Overview
9.4.2. Veterinary Administration Sets Market Forecast and Analysis
9.5. EPIDURAL ADMINISTRATION SETS
9.5.1. Overview
9.5.2. Epidural Administration Sets Market Forecast and Analysis
9.6. CHEMOTHERAPY ADMINISTRATION SETS
9.6.1. Overview
9.6.2. Chemotherapy Administration Sets Market Forecast and Analysis
9.7. AUTOHEMOTHERAPY ADMINISTRATION SETS
9.7.1. Overview
9.7.2. Autohemotherapy Administration Sets Market Forecast and Analysis
10. IV ADMINISTRATION SETS 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. CLINICS
10.4.1. Overview
10.4.2. Clinics Market Forecast and Analysis
10.5. AMBULATORY SURGICAL CENTERS
10.5.1. Overview
10.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.6. HOME CARE SETTINGS
10.6.1. Overview
10.6.2. Home Care Settings Market Forecast and Analysis
11. IV ADMINISTRATION SETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America IV Administration Sets Market Overview
11.1.2 North America IV Administration Sets Market Forecasts and Analysis
11.1.3 North America IV Administration Sets Market Forecasts and Analysis - By Type
11.1.4 North America IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.1.5 North America IV Administration Sets Market Forecasts and Analysis - By Application
11.1.6 North America IV Administration Sets Market Forecasts and Analysis - By End-User
11.1.7 North America IV Administration Sets Market Forecasts and Analysis - By Countries
11.1.7.1 Canada IV Administration Sets Market
11.1.7.1.1 Canada IV Administration Sets Market by Type
11.1.7.1.2 Canada IV Administration Sets Market by Usage Pattern
11.1.7.1.3 Canada IV Administration Sets Market by Application
11.1.7.1.4 Canada IV Administration Sets Market by End-User
11.1.7.2 Mexico IV Administration Sets Market
11.1.7.2.1 Mexico IV Administration Sets Market by Type
11.1.7.2.2 Mexico IV Administration Sets Market by Usage Pattern
11.1.7.2.3 Mexico IV Administration Sets Market by Application
11.1.7.2.4 Mexico IV Administration Sets Market by End-User
11.1.7.3 US IV Administration Sets Market
11.1.7.3.1 US IV Administration Sets Market by Type
11.1.7.3.2 US IV Administration Sets Market by Usage Pattern
11.1.7.3.3 US IV Administration Sets Market by Application
11.1.7.3.4 US IV Administration Sets Market by End-User
11.2. EUROPE
11.2.1 Europe IV Administration Sets Market Overview
11.2.2 Europe IV Administration Sets Market Forecasts and Analysis
11.2.3 Europe IV Administration Sets Market Forecasts and Analysis - By Type
11.2.4 Europe IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.2.5 Europe IV Administration Sets Market Forecasts and Analysis - By Application
11.2.6 Europe IV Administration Sets Market Forecasts and Analysis - By End-User
11.2.7 Europe IV Administration Sets Market Forecasts and Analysis - By Countries
11.2.7.1 Germany IV Administration Sets Market
11.2.7.1.1 Germany IV Administration Sets Market by Type
11.2.7.1.2 Germany IV Administration Sets Market by Usage Pattern
11.2.7.1.3 Germany IV Administration Sets Market by Application
11.2.7.1.4 Germany IV Administration Sets Market by End-User
11.2.7.2 France IV Administration Sets Market
11.2.7.2.1 France IV Administration Sets Market by Type
11.2.7.2.2 France IV Administration Sets Market by Usage Pattern
11.2.7.2.3 France IV Administration Sets Market by Application
11.2.7.2.4 France IV Administration Sets Market by End-User
11.2.7.3 Italy IV Administration Sets Market
11.2.7.3.1 Italy IV Administration Sets Market by Type
11.2.7.3.2 Italy IV Administration Sets Market by Usage Pattern
11.2.7.3.3 Italy IV Administration Sets Market by Application
11.2.7.3.4 Italy IV Administration Sets Market by End-User
11.2.7.4 Spain IV Administration Sets Market
11.2.7.4.1 Spain IV Administration Sets Market by Type
11.2.7.4.2 Spain IV Administration Sets Market by Usage Pattern
11.2.7.4.3 Spain IV Administration Sets Market by Application
11.2.7.4.4 Spain IV Administration Sets Market by End-User
11.2.7.5 United Kingdom IV Administration Sets Market
11.2.7.5.1 United Kingdom IV Administration Sets Market by Type
11.2.7.5.2 United Kingdom IV Administration Sets Market by Usage Pattern
11.2.7.5.3 United Kingdom IV Administration Sets Market by Application
11.2.7.5.4 United Kingdom IV Administration Sets Market by End-User
11.2.7.6 Rest of Europe IV Administration Sets Market
11.2.7.6.1 Rest of Europe IV Administration Sets Market by Type
11.2.7.6.2 Rest of Europe IV Administration Sets Market by Usage Pattern
11.2.7.6.3 Rest of Europe IV Administration Sets Market by Application
11.2.7.6.4 Rest of Europe IV Administration Sets Market by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific IV Administration Sets Market Overview
11.3.2 Asia-Pacific IV Administration Sets Market Forecasts and Analysis
11.3.3 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.3.5 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Countries
11.3.7.1 Australia IV Administration Sets Market
11.3.7.1.1 Australia IV Administration Sets Market by Type
11.3.7.1.2 Australia IV Administration Sets Market by Usage Pattern
11.3.7.1.3 Australia IV Administration Sets Market by Application
11.3.7.1.4 Australia IV Administration Sets Market by End-User
11.3.7.2 China IV Administration Sets Market
11.3.7.2.1 China IV Administration Sets Market by Type
11.3.7.2.2 China IV Administration Sets Market by Usage Pattern
11.3.7.2.3 China IV Administration Sets Market by Application
11.3.7.2.4 China IV Administration Sets Market by End-User
11.3.7.3 India IV Administration Sets Market
11.3.7.3.1 India IV Administration Sets Market by Type
11.3.7.3.2 India IV Administration Sets Market by Usage Pattern
11.3.7.3.3 India IV Administration Sets Market by Application
11.3.7.3.4 India IV Administration Sets Market by End-User
11.3.7.4 Japan IV Administration Sets Market
11.3.7.4.1 Japan IV Administration Sets Market by Type
11.3.7.4.2 Japan IV Administration Sets Market by Usage Pattern
11.3.7.4.3 Japan IV Administration Sets Market by Application
11.3.7.4.4 Japan IV Administration Sets Market by End-User
11.3.7.5 South Korea IV Administration Sets Market
11.3.7.5.1 South Korea IV Administration Sets Market by Type
11.3.7.5.2 South Korea IV Administration Sets Market by Usage Pattern
11.3.7.5.3 South Korea IV Administration Sets Market by Application
11.3.7.5.4 South Korea IV Administration Sets Market by End-User
11.3.7.6 Rest of Asia-Pacific IV Administration Sets Market
11.3.7.6.1 Rest of Asia-Pacific IV Administration Sets Market by Type
11.3.7.6.2 Rest of Asia-Pacific IV Administration Sets Market by Usage Pattern
11.3.7.6.3 Rest of Asia-Pacific IV Administration Sets Market by Application
11.3.7.6.4 Rest of Asia-Pacific IV Administration Sets Market by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa IV Administration Sets Market Overview
11.4.2 Middle East and Africa IV Administration Sets Market Forecasts and Analysis
11.4.3 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.4.5 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa IV Administration Sets Market
11.4.7.1.1 South Africa IV Administration Sets Market by Type
11.4.7.1.2 South Africa IV Administration Sets Market by Usage Pattern
11.4.7.1.3 South Africa IV Administration Sets Market by Application
11.4.7.1.4 South Africa IV Administration Sets Market by End-User
11.4.7.2 Saudi Arabia IV Administration Sets Market
11.4.7.2.1 Saudi Arabia IV Administration Sets Market by Type
11.4.7.2.2 Saudi Arabia IV Administration Sets Market by Usage Pattern
11.4.7.2.3 Saudi Arabia IV Administration Sets Market by Application
11.4.7.2.4 Saudi Arabia IV Administration Sets Market by End-User
11.4.7.3 U.A.E IV Administration Sets Market
11.4.7.3.1 U.A.E IV Administration Sets Market by Type
11.4.7.3.2 U.A.E IV Administration Sets Market by Usage Pattern
11.4.7.3.3 U.A.E IV Administration Sets Market by Application
11.4.7.3.4 U.A.E IV Administration Sets Market by End-User
11.4.7.4 Rest of Middle East and Africa IV Administration Sets Market
11.4.7.4.1 Rest of Middle East and Africa IV Administration Sets Market by Type
11.4.7.4.2 Rest of Middle East and Africa IV Administration Sets Market by Usage Pattern
11.4.7.4.3 Rest of Middle East and Africa IV Administration Sets Market by Application
11.4.7.4.4 Rest of Middle East and Africa IV Administration Sets Market by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America IV Administration Sets Market Overview
11.5.2 South and Central America IV Administration Sets Market Forecasts and Analysis
11.5.3 South and Central America IV Administration Sets Market Forecasts and Analysis - By Type
11.5.4 South and Central America IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.5.5 South and Central America IV Administration Sets Market Forecasts and Analysis - By Application
11.5.6 South and Central America IV Administration Sets Market Forecasts and Analysis - By End-User
11.5.7 South and Central America IV Administration Sets Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil IV Administration Sets Market
11.5.7.1.1 Brazil IV Administration Sets Market by Type
11.5.7.1.2 Brazil IV Administration Sets Market by Usage Pattern
11.5.7.1.3 Brazil IV Administration Sets Market by Application
11.5.7.1.4 Brazil IV Administration Sets Market by End-User
11.5.7.2 Argentina IV Administration Sets Market
11.5.7.2.1 Argentina IV Administration Sets Market by Type
11.5.7.2.2 Argentina IV Administration Sets Market by Usage Pattern
11.5.7.2.3 Argentina IV Administration Sets Market by Application
11.5.7.2.4 Argentina IV Administration Sets Market by End-User
11.5.7.3 Rest of South and Central America IV Administration Sets Market
11.5.7.3.1 Rest of South and Central America IV Administration Sets Market by Type
11.5.7.3.2 Rest of South and Central America IV Administration Sets Market by Usage Pattern
11.5.7.3.3 Rest of South and Central America IV Administration Sets Market by Application
11.5.7.3.4 Rest of South and Central America IV Administration Sets 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. IV ADMINISTRATION SETS MARKET, KEY COMPANY PROFILES
13.1. BD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. B. BRAUN MEDICAL
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. BAXTER
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. ACE MEDICAL
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. POLY MEDICURE LIMITED
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. DORAN INTERNATIONAL
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. MERIT MEDICAL SYSTEMS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. HOSPIRA
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. CODAN
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. MEDTRONIC
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. BD
2. B. Braun Medical
3. Baxter
4. ACE Medical
5. Poly Medicure Limited
6. Doran International
7. Merit Medical Systems, Inc.
8. Hospira
9. Codan
10. Medtronic
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