IV Stabilization Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
IV administration method is used for adjusting dehydration or electrolyte imbalance, for blood transfusions, and to distribute medication. The peripheral infusion devices are the most widely used devices in the global medical market. The IV stabilization devices are used with the medical tubes and catheters for growing the stay time of the catheter along with providing guard to the site with proper visibility, dressing integrity and stability of IV device. IV stabilization devices protect the neonatal skin with least catheter micro motion and enhances patient comfort and safety. It also diminishes the catheter related complication, including dislodgement and itching.
MARKET DYNAMICS
The IV stabilization devices market is driving due to the high prevalence of prolonged and lifestyle associated disorders such as cardiovascular disorders, chronic renal failure, and cancer lead to numerous surgeries, rising geriatric population, healthcare expenditure, increased patient satisfaction, and faster recovery. However, problems such as hematoma, infiltration, extravascular drug administration or phlebitis while using IV therapy will hamper the market's growth. Moreover, untapped markets in emerging regions, increased demand for minimally invasive surgeries owing to reduced pain is expected to provide opportunities in the global IV stabilization devices market.
MARKET SCOPE
The "IV Stabilization Devices Market Analysis to 2031" 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 IV Stabilization Devices market with detailed market segmentation by product, application, age group, and end user. The IV Stabilization Devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in IV Stabilization Devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The IV stabilization devices market is segmented on the basis of product, application, age group, and end user. Based on product, the market is segmented as central venous catheter stabilization device, peripheral stabilization devices, abdominal drainage tubes securement devices, epidural stabilization devices, chest drainage tube stabilization devices. Based on application, the market is segmented as general surgery, cardiovascular, respiratory, urological, gastric, pharyngeal, radiology, others. Based on age group, the market is segmented as pediatric, adult. Based on end user, the market is segmented as hospitals, emergency clinics, home healthcare providers, diagnostic centers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the IV Stabilization Devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The IV Stabilization Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IV Stabilization Devices market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the IV Stabilization Devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the IV Stabilization Devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The IV Stabilization Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IV Stabilization Devices market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the IV Stabilization Devices market in these regions.
MARKET PLAYERS
The report covers key developments in the IV Stabilization Devices 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IV Stabilization Devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for IV Stabilization Devices in the global market. Below mentioned is the list of few companies engaged in the IV Stabilization Devices market.
The report also includes the profiles of key players in IV Stabilization Devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Medtronic
- 3M
- C. R. Bard (BD)
- Baxter International, Inc.
- B. Braun Melsungen AG
- ConvaTec
- Smiths Group plc
- M.C. Johnson Company, Inc.
- Merit Medical Systems
- Halyard Health, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- 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 IV Stabilization Devices Market - By Product
1.3.2 IV Stabilization Devices Market - By Application
1.3.3 IV Stabilization Devices Market - By Age Group
1.3.4 IV Stabilization Devices Market - By End User
1.3.5 IV Stabilization Devices Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IV STABILIZATION DEVICES 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 STABILIZATION DEVICES 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 STABILIZATION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. IV STABILIZATION DEVICES - GLOBAL MARKET OVERVIEW
6.2. IV STABILIZATION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IV STABILIZATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CENTRAL VENOUS CATHETER STABILIZATION DEVICE
7.3.1. Overview
7.3.2. Central Venous Catheter Stabilization Device Market Forecast and Analysis
7.4. PERIPHERAL STABILIZATION DEVICES
7.4.1. Overview
7.4.2. Peripheral Stabilization Devices Market Forecast and Analysis
7.5. ABDOMINAL DRAINAGE TUBES SECUREMENT DEVICES
7.5.1. Overview
7.5.2. Abdominal Drainage Tubes Securement Devices Market Forecast and Analysis
7.6. EPIDURAL STABILIZATION DEVICES
7.6.1. Overview
7.6.2. Epidural Stabilization Devices Market Forecast and Analysis
7.7. CHEST DRAINAGE TUBE STABILIZATION DEVICES
7.7.1. Overview
7.7.2. Chest Drainage Tube Stabilization Devices Market Forecast and Analysis
8. IV STABILIZATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GENERAL SURGERY
8.3.1. Overview
8.3.2. General Surgery Market Forecast and Analysis
8.4. CARDIOVASCULAR
8.4.1. Overview
8.4.2. Cardiovascular Market Forecast and Analysis
8.5. RESPIRATORY
8.5.1. Overview
8.5.2. Respiratory Market Forecast and Analysis
8.6. UROLOGICAL
8.6.1. Overview
8.6.2. Urological Market Forecast and Analysis
8.7. GASTRIC
8.7.1. Overview
8.7.2. Gastric Market Forecast and Analysis
8.8. PHARYNGEAL
8.8.1. Overview
8.8.2. Pharyngeal Market Forecast and Analysis
8.9. RADIOLOGY
8.9.1. Overview
8.9.2. Radiology Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. IV STABILIZATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - AGE GROUP
9.1. OVERVIEW
9.2. AGE GROUP MARKET FORECASTS AND ANALYSIS
9.3. PEDIATRIC
9.3.1. Overview
9.3.2. Pediatric Market Forecast and Analysis
9.4. ADULT
9.4.1. Overview
9.4.2. Adult Market Forecast and Analysis
10. IV STABILIZATION DEVICES 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. EMERGENCY CLINICS
10.4.1. Overview
10.4.2. Emergency Clinics Market Forecast and Analysis
10.5. HOME HEALTHCARE PROVIDERS
10.5.1. Overview
10.5.2. Home Healthcare Providers Market Forecast and Analysis
10.6. DIAGNOSTIC CENTERS
10.6.1. Overview
10.6.2. Diagnostic Centers Market Forecast and Analysis
11. IV STABILIZATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America IV Stabilization Devices Market Overview
11.1.2 North America IV Stabilization Devices Market Forecasts and Analysis
11.1.3 North America IV Stabilization Devices Market Forecasts and Analysis - By Product
11.1.4 North America IV Stabilization Devices Market Forecasts and Analysis - By Application
11.1.5 North America IV Stabilization Devices Market Forecasts and Analysis - By Age Group
11.1.6 North America IV Stabilization Devices Market Forecasts and Analysis - By End User
11.1.7 North America IV Stabilization Devices Market Forecasts and Analysis - By Countries
11.1.7.1 United States IV Stabilization Devices Market
11.1.7.1.1 United States IV Stabilization Devices Market by Product
11.1.7.1.2 United States IV Stabilization Devices Market by Application
11.1.7.1.3 United States IV Stabilization Devices Market by Age Group
11.1.7.1.4 United States IV Stabilization Devices Market by End User
11.1.7.2 Canada IV Stabilization Devices Market
11.1.7.2.1 Canada IV Stabilization Devices Market by Product
11.1.7.2.2 Canada IV Stabilization Devices Market by Application
11.1.7.2.3 Canada IV Stabilization Devices Market by Age Group
11.1.7.2.4 Canada IV Stabilization Devices Market by End User
11.1.7.3 Mexico IV Stabilization Devices Market
11.1.7.3.1 Mexico IV Stabilization Devices Market by Product
11.1.7.3.2 Mexico IV Stabilization Devices Market by Application
11.1.7.3.3 Mexico IV Stabilization Devices Market by Age Group
11.1.7.3.4 Mexico IV Stabilization Devices Market by End User
11.2. EUROPE
11.2.1 Europe IV Stabilization Devices Market Overview
11.2.2 Europe IV Stabilization Devices Market Forecasts and Analysis
11.2.3 Europe IV Stabilization Devices Market Forecasts and Analysis - By Product
11.2.4 Europe IV Stabilization Devices Market Forecasts and Analysis - By Application
11.2.5 Europe IV Stabilization Devices Market Forecasts and Analysis - By Age Group
11.2.6 Europe IV Stabilization Devices Market Forecasts and Analysis - By End User
11.2.7 Europe IV Stabilization Devices Market Forecasts and Analysis - By Countries
11.2.7.1 Germany IV Stabilization Devices Market
11.2.7.1.1 Germany IV Stabilization Devices Market by Product
11.2.7.1.2 Germany IV Stabilization Devices Market by Application
11.2.7.1.3 Germany IV Stabilization Devices Market by Age Group
11.2.7.1.4 Germany IV Stabilization Devices Market by End User
11.2.7.2 France IV Stabilization Devices Market
11.2.7.2.1 France IV Stabilization Devices Market by Product
11.2.7.2.2 France IV Stabilization Devices Market by Application
11.2.7.2.3 France IV Stabilization Devices Market by Age Group
11.2.7.2.4 France IV Stabilization Devices Market by End User
11.2.7.3 Italy IV Stabilization Devices Market
11.2.7.3.1 Italy IV Stabilization Devices Market by Product
11.2.7.3.2 Italy IV Stabilization Devices Market by Application
11.2.7.3.3 Italy IV Stabilization Devices Market by Age Group
11.2.7.3.4 Italy IV Stabilization Devices Market by End User
11.2.7.4 Spain IV Stabilization Devices Market
11.2.7.4.1 Spain IV Stabilization Devices Market by Product
11.2.7.4.2 Spain IV Stabilization Devices Market by Application
11.2.7.4.3 Spain IV Stabilization Devices Market by Age Group
11.2.7.4.4 Spain IV Stabilization Devices Market by End User
11.2.7.5 United Kingdom IV Stabilization Devices Market
11.2.7.5.1 United Kingdom IV Stabilization Devices Market by Product
11.2.7.5.2 United Kingdom IV Stabilization Devices Market by Application
11.2.7.5.3 United Kingdom IV Stabilization Devices Market by Age Group
11.2.7.5.4 United Kingdom IV Stabilization Devices Market by End User
11.2.7.6 Rest of Europe IV Stabilization Devices Market
11.2.7.6.1 Rest of Europe IV Stabilization Devices Market by Product
11.2.7.6.2 Rest of Europe IV Stabilization Devices Market by Application
11.2.7.6.3 Rest of Europe IV Stabilization Devices Market by Age Group
11.2.7.6.4 Rest of Europe IV Stabilization Devices Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific IV Stabilization Devices Market Overview
11.3.2 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis
11.3.3 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis - By Age Group
11.3.6 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific IV Stabilization Devices Market Forecasts and Analysis - By Countries
11.3.7.1 Australia IV Stabilization Devices Market
11.3.7.1.1 Australia IV Stabilization Devices Market by Product
11.3.7.1.2 Australia IV Stabilization Devices Market by Application
11.3.7.1.3 Australia IV Stabilization Devices Market by Age Group
11.3.7.1.4 Australia IV Stabilization Devices Market by End User
11.3.7.2 China IV Stabilization Devices Market
11.3.7.2.1 China IV Stabilization Devices Market by Product
11.3.7.2.2 China IV Stabilization Devices Market by Application
11.3.7.2.3 China IV Stabilization Devices Market by Age Group
11.3.7.2.4 China IV Stabilization Devices Market by End User
11.3.7.3 India IV Stabilization Devices Market
11.3.7.3.1 India IV Stabilization Devices Market by Product
11.3.7.3.2 India IV Stabilization Devices Market by Application
11.3.7.3.3 India IV Stabilization Devices Market by Age Group
11.3.7.3.4 India IV Stabilization Devices Market by End User
11.3.7.4 Japan IV Stabilization Devices Market
11.3.7.4.1 Japan IV Stabilization Devices Market by Product
11.3.7.4.2 Japan IV Stabilization Devices Market by Application
11.3.7.4.3 Japan IV Stabilization Devices Market by Age Group
11.3.7.4.4 Japan IV Stabilization Devices Market by End User
11.3.7.5 South Korea IV Stabilization Devices Market
11.3.7.5.1 South Korea IV Stabilization Devices Market by Product
11.3.7.5.2 South Korea IV Stabilization Devices Market by Application
11.3.7.5.3 South Korea IV Stabilization Devices Market by Age Group
11.3.7.5.4 South Korea IV Stabilization Devices Market by End User
11.3.7.6 Rest of Asia-Pacific IV Stabilization Devices Market
11.3.7.6.1 Rest of Asia-Pacific IV Stabilization Devices Market by Product
11.3.7.6.2 Rest of Asia-Pacific IV Stabilization Devices Market by Application
11.3.7.6.3 Rest of Asia-Pacific IV Stabilization Devices Market by Age Group
11.3.7.6.4 Rest of Asia-Pacific IV Stabilization Devices Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa IV Stabilization Devices Market Overview
11.4.2 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis
11.4.3 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis - By Age Group
11.4.6 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa IV Stabilization Devices Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa IV Stabilization Devices Market
11.4.7.1.1 South Africa IV Stabilization Devices Market by Product
11.4.7.1.2 South Africa IV Stabilization Devices Market by Application
11.4.7.1.3 South Africa IV Stabilization Devices Market by Age Group
11.4.7.1.4 South Africa IV Stabilization Devices Market by End User
11.4.7.2 Saudi Arabia IV Stabilization Devices Market
11.4.7.2.1 Saudi Arabia IV Stabilization Devices Market by Product
11.4.7.2.2 Saudi Arabia IV Stabilization Devices Market by Application
11.4.7.2.3 Saudi Arabia IV Stabilization Devices Market by Age Group
11.4.7.2.4 Saudi Arabia IV Stabilization Devices Market by End User
11.4.7.3 U.A.E IV Stabilization Devices Market
11.4.7.3.1 U.A.E IV Stabilization Devices Market by Product
11.4.7.3.2 U.A.E IV Stabilization Devices Market by Application
11.4.7.3.3 U.A.E IV Stabilization Devices Market by Age Group
11.4.7.3.4 U.A.E IV Stabilization Devices Market by End User
11.4.7.4 Rest of Middle East and Africa IV Stabilization Devices Market
11.4.7.4.1 Rest of Middle East and Africa IV Stabilization Devices Market by Product
11.4.7.4.2 Rest of Middle East and Africa IV Stabilization Devices Market by Application
11.4.7.4.3 Rest of Middle East and Africa IV Stabilization Devices Market by Age Group
11.4.7.4.4 Rest of Middle East and Africa IV Stabilization Devices Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America IV Stabilization Devices Market Overview
11.5.2 South and Central America IV Stabilization Devices Market Forecasts and Analysis
11.5.3 South and Central America IV Stabilization Devices Market Forecasts and Analysis - By Product
11.5.4 South and Central America IV Stabilization Devices Market Forecasts and Analysis - By Application
11.5.5 South and Central America IV Stabilization Devices Market Forecasts and Analysis - By Age Group
11.5.6 South and Central America IV Stabilization Devices Market Forecasts and Analysis - By End User
11.5.7 South and Central America IV Stabilization Devices Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil IV Stabilization Devices Market
11.5.7.1.1 Brazil IV Stabilization Devices Market by Product
11.5.7.1.2 Brazil IV Stabilization Devices Market by Application
11.5.7.1.3 Brazil IV Stabilization Devices Market by Age Group
11.5.7.1.4 Brazil IV Stabilization Devices Market by End User
11.5.7.2 Argentina IV Stabilization Devices Market
11.5.7.2.1 Argentina IV Stabilization Devices Market by Product
11.5.7.2.2 Argentina IV Stabilization Devices Market by Application
11.5.7.2.3 Argentina IV Stabilization Devices Market by Age Group
11.5.7.2.4 Argentina IV Stabilization Devices Market by End User
11.5.7.3 Rest of South and Central America IV Stabilization Devices Market
11.5.7.3.1 Rest of South and Central America IV Stabilization Devices Market by Product
11.5.7.3.2 Rest of South and Central America IV Stabilization Devices Market by Application
11.5.7.3.3 Rest of South and Central America IV Stabilization Devices Market by Age Group
11.5.7.3.4 Rest of South and Central America IV Stabilization Devices Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL IV STABILIZATION DEVICES MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
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. IV STABILIZATION DEVICES MARKET, KEY COMPANY PROFILES
14.1. MEDTRONIC
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. 3M
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. C. R. BARD (BD)
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. BAXTER INTERNATIONAL, INC.
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. B. BRAUN MELSUNGEN AG
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. CONVATEC
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 PLC
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. M.C. JOHNSON COMPANY, INC.
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. MERIT MEDICAL SYSTEMS
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. HALYARD HEALTH, INC.
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
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Medtronic
2. 3M
3. C. R. Bard (BD)
4. Baxter International, Inc.
5. B. Braun Melsungen AG
6. ConvaTec
7. Smiths Group plc
8. M.C. Johnson Company, Inc.
9. Merit Medical Systems
10. Halyard Health, 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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