IV Catheters Market Analysis, Opportunities by 2031
The IV Catheters Market is expected to register a CAGR of 7.3% 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 Type (Short peripheral I.V. catheter, Integrated/Closed peripheral I.V. catheter); Technology (Safety peripheral I.V. catheter, Conventional peripheral I.V. catheter); Application (Renal disease, Oncology, Pediatric disease, Gastroenterology, Infectious disease); End Users (Hospitals, Clinics, Emergency medical services, Home healthcare). 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 Catheters 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 Catheters Market Segmentation
Type- Short peripheral I.V. catheter
- Integrated/Closed peripheral I.V. catheter
- Safety peripheral I.V. catheter
- Conventional peripheral I.V. catheter
- Renal disease
- Oncology
- Pediatric disease
- Gastroenterology
- Infectious disease
- Hospitals
- Clinics
- Emergency medical services
- Home healthcare
- Hospitals
- Clinics
- Emergency medical services
- Home healthcare
Strategic Insights
IV Catheters Market Growth Drivers- Rising Prevalence of Chronic Diseases: The growing number of patients that suffer from chronic diseases such as diabetes, cancer, heart diseases among others is one of the key factors driving the growth of the IV catheters market. For such patients, the need for intravenous access to administer medication, fluids or chemotherapy is frequent thereby increasing the use for safe and reliable IV catheters. In addition, to this, the increasing burden of healthcare around the world enhances the growth of the market as the healthcare providers look for more effective ways of caring for patients on a long-term basis.
- Technological Advancements in Catheter Design: Sophisticated designs of IV catheters such as those with materials that decrease the chances of complications such as phlebitis and infections are encouraging growth of the iv catheters market. The newer catheters are made in a way that they are easier to insert, more comfortable for the patient and last longer thus they have been embraced more. For example, closed IV catheters and those with anti-microbial features have been developed which provide manufacturers and users with greater safety during IV therapy, which is significant for health care providers who wish to reduce dangers during IV therapy.
- Expanding Ambulatory and Home Healthcare Services: Due to the growth of home health care services, the need for IV catheters that are easy to carry and operate is on the rise. This is especially so for patients on long intravenous therapies such as antibiotics or intravenous feeding at home. Home health also emphasizes comfort and ease of use which calls for less risky and more user friendly iv catheters that permeates growth of the market.
- Shift Towards Non-Tunneled and Peripheral IV Catheters: Increasingly, care providers, especially in the emergency and outpatient settings, prefer the non-tunneled and peripheral intravascular catheters. These catheters have a fast insertion period and are best suited for short course therapies, thereby minimizing complications that arise such as infections. Because health systems are aiming at becoming more efficient while improving the outcome, there is a high demand for these noninvasive catheters.
- Adoption of Smart IV Catheters: There has been increase in the demand for smart IV catheters equipped with sensor and digital technology. Such devices make it possible to monitor vitals, the location of the catheter and even the flow of fluids which enhances safety of the patient and reduces complications. It is evident that the demand for smart IV technology is increasing because hospitals and clinics are in need of better patient care and efficient processes.
- Focus on Pediatric and Geriatric Patient Needs: The market dynamics for intravenous syringes vary because of an increasing demand for catheters which are only designed for use in children and elderly patients. This is due to the fact that these two populations will need rather smaller and flexible catheters because of the body structural disposition. More and more manufacturers have started producing these special catheters so that the children and the elderly are able to heal without any discomfort in order to prevent conditions such as infiltration or phlebitis, which has made patient-oriented care a growing trend within IV catheter market.
- Expanding Home Healthcare Market: As a result of this trend, the market for IV catheters is likely to benefit from significant growth opportunities. With more patients being treated with intravenous antibiotics, nutrition, pain management etc. at home, there is a rising demand for simple, convenient as well as portable IV catheters. This provides an opportunity for manufacturers to Design low-cost user-friendly catheters, especially for patients on home care as well as their caregivers.
- Demand for Catheters with Enhanced Safety Features: There is a significant opportunity to develop advanced intravenous (IV) catheters that incorporate features such as antimicrobial coating or closed systems due to the high prevalence of healthcare-associated infections. This is because such innovations will help to reduce the risks of unsafe practices which is attractive to providers of health care services who are dedicated to enhancing the safety of their patients. The manufacturers purpose can also be for the improvement of their product by R&D efforts to develop next generation catheters with even lesser risk of complications.
- Growth in Emerging Markets: The Vietnam region or more broadly, all regions of Asia Pacific, Latin America as well as the Middle East provides a broad window of the opportunity towards growth for IV catheter manufacturers owing to the growing healthcare facilities in these regions. Rising access to healthcare apparently means that the demand for medical devices including IV catheters would also escalate favorable. By contrast, these regions are ripe for penetration of low-cost high-quality catheter products designed for the local market due to the poor penetration of such products.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the IV Catheters 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 Catheters 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 7.3%
Rising prevalence of chronic diseases and technological advancements in catheter design are the major factors boosting the IV catheters market growth
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 IV catheters market
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 (%)
B. Braun Melsungen AG,Becton, Dickinson and company, C.R. Bard Inc., Smiths medical Inc, Vogt medical, Terumo corporation, Angiodynamics, Inc, Vigmed AB,Vygon SA,Teleflex incorporated the some of the key market players operating in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IV Catheters Market - By Type
1.3.2 IV Catheters Market - By Technology
1.3.3 IV Catheters Market - By Application
1.3.4 IV Catheters Market - By End Users
1.3.5 IV Catheters Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IV CATHETERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. IV CATHETERS 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 CATHETERS MARKET - GLOBAL MARKET ANALYSIS
6.1. IV CATHETERS - GLOBAL MARKET OVERVIEW
6.2. IV CATHETERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IV CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SHORT PERIPHERAL I.V. CATHETER
7.3.1. Overview
7.3.2. Short peripheral I.V. catheter Market Forecast and Analysis
7.3.3. Ported PIVC Market
7.3.3.1. Overview
7.3.3.2. Ported PIVC Market Forecast and Analysis
7.3.4. Non-ported PIVC Market
7.3.4.1. Overview
7.3.4.2. Non-ported PIVC Market Forecast and Analysis
7.4. INTEGRATED/CLOSED PERIPHERAL I.V. CATHETER
7.4.1. Overview
7.4.2. Integrated/Closed peripheral I.V. catheter Market Forecast and Analysis
7.4.3. Closed with extension Set Market
7.4.3.1. Overview
7.4.3.2. Closed with extension Set Market Forecast and Analysis
7.4.4. Closed PIVC Market
7.4.4.1. Overview
7.4.4.2. Closed PIVC Market Forecast and Analysis
8. IV CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SAFETY PERIPHERAL I.V. CATHETER
8.3.1. Overview
8.3.2. Safety peripheral I.V. catheter Market Forecast and Analysis
8.4. CONVENTIONAL PERIPHERAL I.V. CATHETER
8.4.1. Overview
8.4.2. Conventional peripheral I.V. catheter Market Forecast and Analysis
9. IV CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RENAL DISEASE
9.3.1. Overview
9.3.2. Renal disease Market Forecast and Analysis
9.4. ONCOLOGY
9.4.1. Overview
9.4.2. Oncology Market Forecast and Analysis
9.5. PEDIATRIC DISEASE
9.5.1. Overview
9.5.2. Pediatric disease Market Forecast and Analysis
9.6. GASTROENTEROLOGY
9.6.1. Overview
9.6.2. Gastroenterology Market Forecast and Analysis
9.7. INFECTIOUS DISEASE
9.7.1. Overview
9.7.2. Infectious disease Market Forecast and Analysis
10. IV CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
10.1. OVERVIEW
10.2. END USERS 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. EMERGENCY MEDICAL SERVICES
10.5.1. Overview
10.5.2. Emergency medical services Market Forecast and Analysis
10.6. HOME HEALTHCARE
10.6.1. Overview
10.6.2. Home healthcare Market Forecast and Analysis
11. IV CATHETERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America IV Catheters Market Overview
11.1.2 North America IV Catheters Market Forecasts and Analysis
11.1.3 North America IV Catheters Market Forecasts and Analysis - By Type
11.1.4 North America IV Catheters Market Forecasts and Analysis - By Technology
11.1.5 North America IV Catheters Market Forecasts and Analysis - By Application
11.1.6 North America IV Catheters Market Forecasts and Analysis - By End Users
11.1.7 North America IV Catheters Market Forecasts and Analysis - By Countries
11.1.7.1 Canada IV Catheters Market
11.1.7.1.1 Canada IV Catheters Market by Type
11.1.7.1.2 Canada IV Catheters Market by Technology
11.1.7.1.3 Canada IV Catheters Market by Application
11.1.7.1.4 Canada IV Catheters Market by End Users
11.1.7.2 Mexico IV Catheters Market
11.1.7.2.1 Mexico IV Catheters Market by Type
11.1.7.2.2 Mexico IV Catheters Market by Technology
11.1.7.2.3 Mexico IV Catheters Market by Application
11.1.7.2.4 Mexico IV Catheters Market by End Users
11.1.7.3 US IV Catheters Market
11.1.7.3.1 US IV Catheters Market by Type
11.1.7.3.2 US IV Catheters Market by Technology
11.1.7.3.3 US IV Catheters Market by Application
11.1.7.3.4 US IV Catheters Market by End Users
11.2. EUROPE
11.2.1 Europe IV Catheters Market Overview
11.2.2 Europe IV Catheters Market Forecasts and Analysis
11.2.3 Europe IV Catheters Market Forecasts and Analysis - By Type
11.2.4 Europe IV Catheters Market Forecasts and Analysis - By Technology
11.2.5 Europe IV Catheters Market Forecasts and Analysis - By Application
11.2.6 Europe IV Catheters Market Forecasts and Analysis - By End Users
11.2.7 Europe IV Catheters Market Forecasts and Analysis - By Countries
11.2.7.1 Germany IV Catheters Market
11.2.7.1.1 Germany IV Catheters Market by Type
11.2.7.1.2 Germany IV Catheters Market by Technology
11.2.7.1.3 Germany IV Catheters Market by Application
11.2.7.1.4 Germany IV Catheters Market by End Users
11.2.7.2 France IV Catheters Market
11.2.7.2.1 France IV Catheters Market by Type
11.2.7.2.2 France IV Catheters Market by Technology
11.2.7.2.3 France IV Catheters Market by Application
11.2.7.2.4 France IV Catheters Market by End Users
11.2.7.3 Italy IV Catheters Market
11.2.7.3.1 Italy IV Catheters Market by Type
11.2.7.3.2 Italy IV Catheters Market by Technology
11.2.7.3.3 Italy IV Catheters Market by Application
11.2.7.3.4 Italy IV Catheters Market by End Users
11.2.7.4 Spain IV Catheters Market
11.2.7.4.1 Spain IV Catheters Market by Type
11.2.7.4.2 Spain IV Catheters Market by Technology
11.2.7.4.3 Spain IV Catheters Market by Application
11.2.7.4.4 Spain IV Catheters Market by End Users
11.2.7.5 United Kingdom IV Catheters Market
11.2.7.5.1 United Kingdom IV Catheters Market by Type
11.2.7.5.2 United Kingdom IV Catheters Market by Technology
11.2.7.5.3 United Kingdom IV Catheters Market by Application
11.2.7.5.4 United Kingdom IV Catheters Market by End Users
11.2.7.6 Rest of Europe IV Catheters Market
11.2.7.6.1 Rest of Europe IV Catheters Market by Type
11.2.7.6.2 Rest of Europe IV Catheters Market by Technology
11.2.7.6.3 Rest of Europe IV Catheters Market by Application
11.2.7.6.4 Rest of Europe IV Catheters Market by End Users
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific IV Catheters Market Overview
11.3.2 Asia-Pacific IV Catheters Market Forecasts and Analysis
11.3.3 Asia-Pacific IV Catheters Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific IV Catheters Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific IV Catheters Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific IV Catheters Market Forecasts and Analysis - By End Users
11.3.7 Asia-Pacific IV Catheters Market Forecasts and Analysis - By Countries
11.3.7.1 Australia IV Catheters Market
11.3.7.1.1 Australia IV Catheters Market by Type
11.3.7.1.2 Australia IV Catheters Market by Technology
11.3.7.1.3 Australia IV Catheters Market by Application
11.3.7.1.4 Australia IV Catheters Market by End Users
11.3.7.2 China IV Catheters Market
11.3.7.2.1 China IV Catheters Market by Type
11.3.7.2.2 China IV Catheters Market by Technology
11.3.7.2.3 China IV Catheters Market by Application
11.3.7.2.4 China IV Catheters Market by End Users
11.3.7.3 India IV Catheters Market
11.3.7.3.1 India IV Catheters Market by Type
11.3.7.3.2 India IV Catheters Market by Technology
11.3.7.3.3 India IV Catheters Market by Application
11.3.7.3.4 India IV Catheters Market by End Users
11.3.7.4 Japan IV Catheters Market
11.3.7.4.1 Japan IV Catheters Market by Type
11.3.7.4.2 Japan IV Catheters Market by Technology
11.3.7.4.3 Japan IV Catheters Market by Application
11.3.7.4.4 Japan IV Catheters Market by End Users
11.3.7.5 South Korea IV Catheters Market
11.3.7.5.1 South Korea IV Catheters Market by Type
11.3.7.5.2 South Korea IV Catheters Market by Technology
11.3.7.5.3 South Korea IV Catheters Market by Application
11.3.7.5.4 South Korea IV Catheters Market by End Users
11.3.7.6 Rest of Asia-Pacific IV Catheters Market
11.3.7.6.1 Rest of Asia-Pacific IV Catheters Market by Type
11.3.7.6.2 Rest of Asia-Pacific IV Catheters Market by Technology
11.3.7.6.3 Rest of Asia-Pacific IV Catheters Market by Application
11.3.7.6.4 Rest of Asia-Pacific IV Catheters Market by End Users
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa IV Catheters Market Overview
11.4.2 Middle East and Africa IV Catheters Market Forecasts and Analysis
11.4.3 Middle East and Africa IV Catheters Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa IV Catheters Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa IV Catheters Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa IV Catheters Market Forecasts and Analysis - By End Users
11.4.7 Middle East and Africa IV Catheters Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa IV Catheters Market
11.4.7.1.1 South Africa IV Catheters Market by Type
11.4.7.1.2 South Africa IV Catheters Market by Technology
11.4.7.1.3 South Africa IV Catheters Market by Application
11.4.7.1.4 South Africa IV Catheters Market by End Users
11.4.7.2 Saudi Arabia IV Catheters Market
11.4.7.2.1 Saudi Arabia IV Catheters Market by Type
11.4.7.2.2 Saudi Arabia IV Catheters Market by Technology
11.4.7.2.3 Saudi Arabia IV Catheters Market by Application
11.4.7.2.4 Saudi Arabia IV Catheters Market by End Users
11.4.7.3 U.A.E IV Catheters Market
11.4.7.3.1 U.A.E IV Catheters Market by Type
11.4.7.3.2 U.A.E IV Catheters Market by Technology
11.4.7.3.3 U.A.E IV Catheters Market by Application
11.4.7.3.4 U.A.E IV Catheters Market by End Users
11.4.7.4 Rest of Middle East and Africa IV Catheters Market
11.4.7.4.1 Rest of Middle East and Africa IV Catheters Market by Type
11.4.7.4.2 Rest of Middle East and Africa IV Catheters Market by Technology
11.4.7.4.3 Rest of Middle East and Africa IV Catheters Market by Application
11.4.7.4.4 Rest of Middle East and Africa IV Catheters Market by End Users
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America IV Catheters Market Overview
11.5.2 South and Central America IV Catheters Market Forecasts and Analysis
11.5.3 South and Central America IV Catheters Market Forecasts and Analysis - By Type
11.5.4 South and Central America IV Catheters Market Forecasts and Analysis - By Technology
11.5.5 South and Central America IV Catheters Market Forecasts and Analysis - By Application
11.5.6 South and Central America IV Catheters Market Forecasts and Analysis - By End Users
11.5.7 South and Central America IV Catheters Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil IV Catheters Market
11.5.7.1.1 Brazil IV Catheters Market by Type
11.5.7.1.2 Brazil IV Catheters Market by Technology
11.5.7.1.3 Brazil IV Catheters Market by Application
11.5.7.1.4 Brazil IV Catheters Market by End Users
11.5.7.2 Argentina IV Catheters Market
11.5.7.2.1 Argentina IV Catheters Market by Type
11.5.7.2.2 Argentina IV Catheters Market by Technology
11.5.7.2.3 Argentina IV Catheters Market by Application
11.5.7.2.4 Argentina IV Catheters Market by End Users
11.5.7.3 Rest of South and Central America IV Catheters Market
11.5.7.3.1 Rest of South and Central America IV Catheters Market by Type
11.5.7.3.2 Rest of South and Central America IV Catheters Market by Technology
11.5.7.3.3 Rest of South and Central America IV Catheters Market by Application
11.5.7.3.4 Rest of South and Central America IV Catheters Market by End Users
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 CATHETERS MARKET, KEY COMPANY PROFILES
13.1. B. BRAUN MELSUNGEN AG
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. BECTON, DICKINSON AND COMPANY
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. C.R. BARD INC.
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. SMITHS MEDICAL INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. VOGT MEDICAL
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. TERUMO CORPORATION
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. ANGIODYNAMICS, 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. VIGMED AB.
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. VYGON SA.
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. TELEFLEX INCORPORATED
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. B. Braun Melsungen AG
2. Becton, Dickinson and company
3. C.R. Bard Inc.
4. Smiths medical Inc.
5. Vogt medical
6. Terumo corporation
7. Angiodynamics, Inc.
8. Vigmed AB.
9. Vygon SA.
10. Teleflex incorporated
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