Mechanical Ventilators Market Size & CAGR (2024-2031)
The Mechanical Ventilators Market is expected to register a CAGR of 4.9% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Mobility (Intensive Care, Portable), Type (Adult, Pediatric, Neonatal, Infant); Mode (Volume Mode Ventilation, Pressure Mode Ventilation, Combined Mode Ventilation, and Other Mode Ventilation), Interface (Invasive, Non-Invasive), End-User (Hospitals, Ambulatory Care Centers, Home Care Setting, Emergency Medical Services). 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 Mechanical Ventilators 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.
Mechanical Ventilators Market Segmentation
Mobility- Intensive Care
- Portable
- Adult
- Pediatric
- Neonatal
- Infant
- Hospitals
- Ambulatory Care Centers
- Home Care Setting
- Emergency Medical Services
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Mechanical Ventilators Market Growth Drivers- Increasing Incidence of Respiratory Diseases: The mechanical ventilators market is significantly propelled by the rise in respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia. As per the Institute for Health Metrics and Evaluation, in 2019, globally, respiratory diseases were the third-leading cause of death, that is 4.0 million deaths with a prevalence of 454.6 million cases.
- Rise in Technological Development: Technological advancement in mechanical ventilators remains a considerable driver of growth. There have been innovations including smart ventilators equipped with artificial intelligence (AI) and machine learning capabilities that promote better monitoring of patients and better management of ventilation.
- Increasing Research and Development Activities on Respiratory Disease: Growing research and development activities in the space of respiratory diseases is likely to favor growth of mechanical ventilators market. In most patients suffering from Acute respiratory distress syndrome (ARDS), COPD and asthma, there are studies on new modalities for treatment and technologies that are increasing demand for the advance mechanical ventilators with bespoke respiratory support.
- Trend towards Homecare Ventilation: Homecare ventilation solutions is likely to remain key trend during the forecast period. Owing to technological advancements, portable and user-friendly ventilators have been developed. Thus, many patients with chronic respiratory diseases can be managed at home rather than in the healthcare settings.
- Telemedicine and Remote Monitoring: Telemedicine and remote monitoring technologies are emerging in the mechanical ventilators market. With digital health solutions, it is feasible to observe patients' respiratory condition from a distance and to offer timely interventions and adjustment in ventilator settings. As telehealth develops, the ventilators to be monitored by telemedicine are going to increase in requirements, and that is going to drive innovation into the market.
- Surge in Demand for Patient-Centric Designs:
The development of patient-centric designs is highly on an upward trend of mechanical ventilators for user-friendliness and comfort. Designing a ventilator for patients and healthcare providers is of great importance to manufacturers. This contains intuitive interfaces, adjustable settings, and ergonomic designs that improve ease of use.
- Rise in Healthcare Expenditure: Growing healthcare expenditure is likely to drive the mechanical ventilators market. Whether in government or private sector spending, healthcare infrastructure expansion is being observed, thereby increasing the demand for mechanical ventilators. As per the European Commission, in the EU Member States, Germany had the highest level of healthcare expenditure which valued at €466 billion (US$ 521 billion) in 2021.
- Growing Demand for Emerging Markets: The mechanical ventilators market has lucrative opportunities in emerging markets. Developing healthcare infrastructure in Asia-Pacific, Latin America, and Africa, there is a rising demand for sophisticated medical equipment such as mechanical ventilators. Governments and private investors are increasingly investing in healthcare sector for establishment of new hospitals and critical care facilities. Thus creating opportunities for the market.
- Partnership with Health Care Institutes: Collaboration with healthcare institutes also acts as an opportunity for the manufacturing companies in the mechanical ventilators market. Tie-ups with hospitals, research institutes, and clinical experts will directly enable companies to understand healthcare professionals' particular requirements and challenges.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Mechanical Ventilators 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 Mechanical Ventilators 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
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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
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to country scope.
Frequently Asked Questions
The mechanical ventilators market is estimated to grow with a CAGR of 4.9% from 2023 to 2031
The mechanical ventilators market majorly consists of players such as Koninklijke Philips N.V., Hamilton Medical, GENERAL ELECTRIC among others
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period
The market drivers include the increasing prevalence of respiratory diseases and technological advancements in mechanical ventilators, which are driving the mechanical ventilators market
Patient-centric designs into mechanical ventilators are likely to remain the key trend during the forecast period
North America dominated the mechanical ventilators market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mechanical Ventilators Market - By Mobility
1.3.2 Mechanical Ventilators Market - By Type
1.3.3 Mechanical Ventilators Market - By Mode
1.3.4 Mechanical Ventilators Market - By Interface
1.3.5 Mechanical Ventilators Market - By End-User
1.3.6 Mechanical Ventilators Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MECHANICAL VENTILATORS 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. MECHANICAL VENTILATORS 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. MECHANICAL VENTILATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. MECHANICAL VENTILATORS - GLOBAL MARKET OVERVIEW
6.2. MECHANICAL VENTILATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MECHANICAL VENTILATORS MARKET - REVENUE AND FORECASTS TO 2028 - MOBILITY
7.1. OVERVIEW
7.2. MOBILITY MARKET FORECASTS AND ANALYSIS
7.3. INTENSIVE CARE
7.3.1. Overview
7.3.2. Intensive Care Market Forecast and Analysis
7.4. PORTABLE
7.4.1. Overview
7.4.2. Portable Market Forecast and Analysis
8. MECHANICAL VENTILATORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. ADULT
8.3.1. Overview
8.3.2. Adult Market Forecast and Analysis
8.4. PEDIATRIC
8.4.1. Overview
8.4.2. Pediatric Market Forecast and Analysis
8.5. NEONATAL
8.5.1. Overview
8.5.2. Neonatal Market Forecast and Analysis
8.6. INFANT
8.6.1. Overview
8.6.2. Infant Market Forecast and Analysis
9. MECHANICAL VENTILATORS MARKET - REVENUE AND FORECASTS TO 2028 - MODE
9.1. OVERVIEW
9.2. MODE MARKET FORECASTS AND ANALYSIS
9.3. VOLUME MODE VENTILATION
9.3.1. Overview
9.3.2. Volume Mode Ventilation Market Forecast and Analysis
9.4. PRESSURE MODE VENTILATION
9.4.1. Overview
9.4.2. Pressure Mode Ventilation Market Forecast and Analysis
9.5. COMBINED MODE VENTILATION
9.5.1. Overview
9.5.2. Combined Mode Ventilation Market Forecast and Analysis
9.6. AND OTHER MODE VENTILATION
9.6.1. Overview
9.6.2. and Other Mode Ventilation Market Forecast and Analysis
10. MECHANICAL VENTILATORS MARKET - REVENUE AND FORECASTS TO 2028 - INTERFACE
10.1. OVERVIEW
10.2. INTERFACE MARKET FORECASTS AND ANALYSIS
10.3. INVASIVE
10.3.1. Overview
10.3.2. Invasive Market Forecast and Analysis
10.4. NON-INVASIVE
10.4.1. Overview
10.4.2. Non-Invasive Market Forecast and Analysis
11. MECHANICAL VENTILATORS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. HOSPITALS
11.3.1. Overview
11.3.2. Hospitals Market Forecast and Analysis
11.4. AMBULATORY CARE CENTERS
11.4.1. Overview
11.4.2. Ambulatory Care Centers Market Forecast and Analysis
11.5. HOME CARE SETTING
11.5.1. Overview
11.5.2. Home Care Setting Market Forecast and Analysis
11.6. EMERGENCY MEDICAL SERVICES
11.6.1. Overview
11.6.2. Emergency Medical Services Market Forecast and Analysis
12. MECHANICAL VENTILATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Mechanical Ventilators Market Overview
12.1.2 North America Mechanical Ventilators Market Forecasts and Analysis
12.1.3 North America Mechanical Ventilators Market Forecasts and Analysis - By Mobility
12.1.4 North America Mechanical Ventilators Market Forecasts and Analysis - By Type
12.1.5 North America Mechanical Ventilators Market Forecasts and Analysis - By Mode
12.1.6 North America Mechanical Ventilators Market Forecasts and Analysis - By Interface
12.1.7 North America Mechanical Ventilators Market Forecasts and Analysis - By End-User
12.1.8 North America Mechanical Ventilators Market Forecasts and Analysis - By Countries
12.1.8.1 United States Mechanical Ventilators Market
12.1.8.1.1 United States Mechanical Ventilators Market by Mobility
12.1.8.1.2 United States Mechanical Ventilators Market by Type
12.1.8.1.3 United States Mechanical Ventilators Market by Mode
12.1.8.1.4 United States Mechanical Ventilators Market by Interface
12.1.8.1.5 United States Mechanical Ventilators Market by End-User
12.1.8.2 Canada Mechanical Ventilators Market
12.1.8.2.1 Canada Mechanical Ventilators Market by Mobility
12.1.8.2.2 Canada Mechanical Ventilators Market by Type
12.1.8.2.3 Canada Mechanical Ventilators Market by Mode
12.1.8.2.4 Canada Mechanical Ventilators Market by Interface
12.1.8.2.5 Canada Mechanical Ventilators Market by End-User
12.1.8.3 Mexico Mechanical Ventilators Market
12.1.8.3.1 Mexico Mechanical Ventilators Market by Mobility
12.1.8.3.2 Mexico Mechanical Ventilators Market by Type
12.1.8.3.3 Mexico Mechanical Ventilators Market by Mode
12.1.8.3.4 Mexico Mechanical Ventilators Market by Interface
12.1.8.3.5 Mexico Mechanical Ventilators Market by End-User
12.2. EUROPE
12.2.1 Europe Mechanical Ventilators Market Overview
12.2.2 Europe Mechanical Ventilators Market Forecasts and Analysis
12.2.3 Europe Mechanical Ventilators Market Forecasts and Analysis - By Mobility
12.2.4 Europe Mechanical Ventilators Market Forecasts and Analysis - By Type
12.2.5 Europe Mechanical Ventilators Market Forecasts and Analysis - By Mode
12.2.6 Europe Mechanical Ventilators Market Forecasts and Analysis - By Interface
12.2.7 Europe Mechanical Ventilators Market Forecasts and Analysis - By End-User
12.2.8 Europe Mechanical Ventilators Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Mechanical Ventilators Market
12.2.8.1.1 Germany Mechanical Ventilators Market by Mobility
12.2.8.1.2 Germany Mechanical Ventilators Market by Type
12.2.8.1.3 Germany Mechanical Ventilators Market by Mode
12.2.8.1.4 Germany Mechanical Ventilators Market by Interface
12.2.8.1.5 Germany Mechanical Ventilators Market by End-User
12.2.8.2 France Mechanical Ventilators Market
12.2.8.2.1 France Mechanical Ventilators Market by Mobility
12.2.8.2.2 France Mechanical Ventilators Market by Type
12.2.8.2.3 France Mechanical Ventilators Market by Mode
12.2.8.2.4 France Mechanical Ventilators Market by Interface
12.2.8.2.5 France Mechanical Ventilators Market by End-User
12.2.8.3 Italy Mechanical Ventilators Market
12.2.8.3.1 Italy Mechanical Ventilators Market by Mobility
12.2.8.3.2 Italy Mechanical Ventilators Market by Type
12.2.8.3.3 Italy Mechanical Ventilators Market by Mode
12.2.8.3.4 Italy Mechanical Ventilators Market by Interface
12.2.8.3.5 Italy Mechanical Ventilators Market by End-User
12.2.8.4 Spain Mechanical Ventilators Market
12.2.8.4.1 Spain Mechanical Ventilators Market by Mobility
12.2.8.4.2 Spain Mechanical Ventilators Market by Type
12.2.8.4.3 Spain Mechanical Ventilators Market by Mode
12.2.8.4.4 Spain Mechanical Ventilators Market by Interface
12.2.8.4.5 Spain Mechanical Ventilators Market by End-User
12.2.8.5 United Kingdom Mechanical Ventilators Market
12.2.8.5.1 United Kingdom Mechanical Ventilators Market by Mobility
12.2.8.5.2 United Kingdom Mechanical Ventilators Market by Type
12.2.8.5.3 United Kingdom Mechanical Ventilators Market by Mode
12.2.8.5.4 United Kingdom Mechanical Ventilators Market by Interface
12.2.8.5.5 United Kingdom Mechanical Ventilators Market by End-User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Mechanical Ventilators Market Overview
12.3.2 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis
12.3.3 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By Mobility
12.3.4 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By Type
12.3.5 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By Mode
12.3.6 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By Interface
12.3.7 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By End-User
12.3.8 Asia-Pacific Mechanical Ventilators Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Mechanical Ventilators Market
12.3.8.1.1 Australia Mechanical Ventilators Market by Mobility
12.3.8.1.2 Australia Mechanical Ventilators Market by Type
12.3.8.1.3 Australia Mechanical Ventilators Market by Mode
12.3.8.1.4 Australia Mechanical Ventilators Market by Interface
12.3.8.1.5 Australia Mechanical Ventilators Market by End-User
12.3.8.2 China Mechanical Ventilators Market
12.3.8.2.1 China Mechanical Ventilators Market by Mobility
12.3.8.2.2 China Mechanical Ventilators Market by Type
12.3.8.2.3 China Mechanical Ventilators Market by Mode
12.3.8.2.4 China Mechanical Ventilators Market by Interface
12.3.8.2.5 China Mechanical Ventilators Market by End-User
12.3.8.3 India Mechanical Ventilators Market
12.3.8.3.1 India Mechanical Ventilators Market by Mobility
12.3.8.3.2 India Mechanical Ventilators Market by Type
12.3.8.3.3 India Mechanical Ventilators Market by Mode
12.3.8.3.4 India Mechanical Ventilators Market by Interface
12.3.8.3.5 India Mechanical Ventilators Market by End-User
12.3.8.4 Japan Mechanical Ventilators Market
12.3.8.4.1 Japan Mechanical Ventilators Market by Mobility
12.3.8.4.2 Japan Mechanical Ventilators Market by Type
12.3.8.4.3 Japan Mechanical Ventilators Market by Mode
12.3.8.4.4 Japan Mechanical Ventilators Market by Interface
12.3.8.4.5 Japan Mechanical Ventilators Market by End-User
12.3.8.5 South Korea Mechanical Ventilators Market
12.3.8.5.1 South Korea Mechanical Ventilators Market by Mobility
12.3.8.5.2 South Korea Mechanical Ventilators Market by Type
12.3.8.5.3 South Korea Mechanical Ventilators Market by Mode
12.3.8.5.4 South Korea Mechanical Ventilators Market by Interface
12.3.8.5.5 South Korea Mechanical Ventilators Market by End-User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Mechanical Ventilators Market Overview
12.4.2 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis
12.4.3 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By Mobility
12.4.4 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By Type
12.4.5 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By Mode
12.4.6 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By Interface
12.4.7 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By End-User
12.4.8 Middle East and Africa Mechanical Ventilators Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Mechanical Ventilators Market
12.4.8.1.1 South Africa Mechanical Ventilators Market by Mobility
12.4.8.1.2 South Africa Mechanical Ventilators Market by Type
12.4.8.1.3 South Africa Mechanical Ventilators Market by Mode
12.4.8.1.4 South Africa Mechanical Ventilators Market by Interface
12.4.8.1.5 South Africa Mechanical Ventilators Market by End-User
12.4.8.2 Saudi Arabia Mechanical Ventilators Market
12.4.8.2.1 Saudi Arabia Mechanical Ventilators Market by Mobility
12.4.8.2.2 Saudi Arabia Mechanical Ventilators Market by Type
12.4.8.2.3 Saudi Arabia Mechanical Ventilators Market by Mode
12.4.8.2.4 Saudi Arabia Mechanical Ventilators Market by Interface
12.4.8.2.5 Saudi Arabia Mechanical Ventilators Market by End-User
12.4.8.3 U.A.E Mechanical Ventilators Market
12.4.8.3.1 U.A.E Mechanical Ventilators Market by Mobility
12.4.8.3.2 U.A.E Mechanical Ventilators Market by Type
12.4.8.3.3 U.A.E Mechanical Ventilators Market by Mode
12.4.8.3.4 U.A.E Mechanical Ventilators Market by Interface
12.4.8.3.5 U.A.E Mechanical Ventilators Market by End-User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Mechanical Ventilators Market Overview
12.5.2 South and Central America Mechanical Ventilators Market Forecasts and Analysis
12.5.3 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By Mobility
12.5.4 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By Type
12.5.5 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By Mode
12.5.6 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By Interface
12.5.7 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By End-User
12.5.8 South and Central America Mechanical Ventilators Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Mechanical Ventilators Market
12.5.8.1.1 Brazil Mechanical Ventilators Market by Mobility
12.5.8.1.2 Brazil Mechanical Ventilators Market by Type
12.5.8.1.3 Brazil Mechanical Ventilators Market by Mode
12.5.8.1.4 Brazil Mechanical Ventilators Market by Interface
12.5.8.1.5 Brazil Mechanical Ventilators Market by End-User
12.5.8.2 Argentina Mechanical Ventilators Market
12.5.8.2.1 Argentina Mechanical Ventilators Market by Mobility
12.5.8.2.2 Argentina Mechanical Ventilators Market by Type
12.5.8.2.3 Argentina Mechanical Ventilators Market by Mode
12.5.8.2.4 Argentina Mechanical Ventilators Market by Interface
12.5.8.2.5 Argentina Mechanical Ventilators Market by End-User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MECHANICAL VENTILATORS MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. MECHANICAL VENTILATORS MARKET, KEY COMPANY PROFILES
15.1. GENERAL ELECTRIC
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. FUJIFILM
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. KONINKLIJKE PHILIPS N.V.
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. SPACELABS HEALTHCARE
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. MEDTRONIC
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. ARJO
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. NEOVENTA MEDICAL AB.
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. SIEMENS HEALTHCARE PRIVATE LIMITED
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. SHENZHEN JUMPER MEDICAL EQUIPMENT CO.,LTD.
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. WALLACH SURGICAL DEVICES.
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
1. Drägerwerk AG & Co. KGaA
2. Koninklijke Philips N.V.
3. Hamilton Medical
4. Ventinova Medical
5. Fisher and Paykel Healthcare Limited
6. GENERAL ELECTRIC COMPANY
7. BD
8. Medtronic
9. ResMed
10. HEYER Medical AG
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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