Medical Disposables Market 2031 | Drivers and Opportunities
The Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America) is expected to register a CAGR of 16.7% 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 Product ( Wound Management Products, Drug Delivery Products, Diagnostic and Laboratory Disposables, Dialysis Disposables, Incontinence Products, Respiratory Supplies, Sterilization Supplies, Non-woven Disposables, Disposable Masks, Disposable Eye Gear, Disposable Gloves, Hand Sanitizers, and others), Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper & Paperboard, and Metals & Glass ), End User ( Hospitals, Home Healthcare, and Outpatient/Primary Care Facilities)
Purpose of the ReportThe report Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America) 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.
Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America) Segmentation
Product- Wound Management Products
- Drug Delivery Products
- Diagnostic and Laboratory Disposables
- Dialysis Disposables
- Incontinence Products
- Respiratory Supplies
- Sterilization Supplies
- Non-woven Disposables
- Disposable Masks
- Disposable Eye Gear
- Disposable Gloves
- Hand Sanitizers
- others
- Plastic Resin
- Nonwoven Material
- Rubber
- Paper & Paperboard
- Metals & Glass
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
Strategic Insights
Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America) Growth Drivers- Increasing Demand for Infection Control: Increased infection control within healthcare represents one of the primary factors affecting the growth of medical disposable market. In the provision of health services, clients’ welfare and in particular refraining from diseases such as nosocomial infection is emphasized and hence the trend for single-use items such as syringes, gloves, masks, etc. such disposable products serve the purpose of preventing cross contamination and all the infections related to the provision of health services.
- Advancements in Healthcare Technology: Innovation in medicine is also a contributing factor to the disposable medical supply industry as it helps to come up with new products for the purpose of better patient care John 2020). The introduction of new smart disposables including smart syringes, and advanced wound dressings among others enhances the utility and efficiency of services rendered in a developed center. And as health care centers incorporate such technologies, the market for advanced quality medical disposables keeps on growing.
- Growing Health Awareness and Preventive Care: The increasing health consciousness and the associated preventive approach have a positive impact on the medical disposable market. Health behaviors change and patients start demanding, for instance, more regularly estimates and injections and therefore requiring disposable plastic stimulators. This trend not only helps to increase the figures but increases
- Rise of Eco-Friendly Disposables: A notable development in the market for medical disposables is the emerging popularity of eco-friendly products. The rise in concern for the environment is leading manufacturers to come up with disposables that can be recycled or are degradable, in order to cut down wastage that occurs. This trend not only responds to the pressure of legislation but also to healthcare providers and patients’ demands that are ready to put on the line occupying in the healthcare services sustained safety and efficiency that searched for in the medical care.
- Increased Adoption of Telehealth: The increasing influx of telemedicine has its effects on the medical disposables market by causing an effect of requesting devices used for tests and monitoring procedures inside the home. In this case, products like the disposable blood glucose test strip or even the rapid antigen tests are on the rise due to the shift towards easy-access healthcare systems. Such developments benefit the industry by spurring development of medical disposable devices that support remote management of patients as well as improving provision of care.
- Emphasis on Patient-Centric Products: As for the consumables market, there is a growing trend towards the development of products with a focus on the patient, in order to increase the comfort and ease of use of the products. New concepts such as skin friendly sticky tapes, comfortable shapes and easy to use containers are given importance. This demonstrates that there is a paradigm shift in the health sector which is geared towards customized health care, making it necessary for manufacturers to produce disposables that are designed with each patient in mind, which will assist in compliance with treatment.
- Expansion into Emerging Markets: There exist substantial prospects for growth in the medical disposables market in emerging regions, particularly where the healthcare systems are on the rise. Improved healthcare access and increased hygiene awareness are expected to lead to a higher demand for single-use products. This trend can be tapped into by offering cheap, high-quality disposables which fit the characteristics of these regions.
- Innovation in Smart Disposables: There is a considerable focus on the development of innovative smart medical disposables due to the incorporation of technology. Such products, which enable the use of sensors for treatment monitoring, storage of the information and its transmission, are bound to enhance compliance and treatment results. Embracing such technologies and engaging in the quest for these smart disposables allows industries to be on the cutting edge of the business where the healthcare sector is constantly changing to incorporate modern day patients' attributes.
- Focus on Preventive Healthcare: Preventive Health Cares and Their Impact on Disposable Medical Products Market. An increasing importance of preventive health care offers a window of opportunity for the medical disposables market. A non-repayable utility for use among consumers is escalating in regards to the single-use items. Businesses can broaden their scope to strategic diposables that undergird public health including test kits and vaccination equipment dovetailing with the active health pursuit.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America), 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 Medical Disposables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:By Product ( Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven ); Raw Material ( Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals and Glass ); End User ( Hospitals, Home Healthcare, Outpatient/Primary Care Facilities ), and Geography (North America, Europe, Asia Pacific, and South and Central America) 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
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to country scope.
Frequently Asked Questions
The medical disposables market is estimated to grow with a CAGR of 16.7% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The medical disposables market majorly consists of the players such as 3M, BD, Medline Industries, Inc among others.
Rise of eco-friendly disposables are likely to remain the key trend during the forecast period
The market drivers include increasing demand for infection control and advancements in healthcare technology are driving the medical disposables market
North America dominated the medical disposables 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 Medical Disposables Market - By Product
1.3.2 Medical Disposables Market - By Raw Material
1.3.3 Medical Disposables Market - By End User
1.3.4 Medical Disposables Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL DISPOSABLES 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. MEDICAL DISPOSABLES 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MEDICAL DISPOSABLES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL DISPOSABLES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL DISPOSABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL DISPOSABLES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. WOUND MANAGEMENT
7.3.1. Overview
7.3.2. Wound Management Market Forecast and Analysis
7.4. DRUG DELIVERY
7.4.1. Overview
7.4.2. Drug Delivery Market Forecast and Analysis
7.5. DIAGNOSTIC AND LABORATORY
7.5.1. Overview
7.5.2. Diagnostic and Laboratory Market Forecast and Analysis
7.6. DIALYSIS
7.6.1. Overview
7.6.2. Dialysis Market Forecast and Analysis
7.7. INCONTINENCE
7.7.1. Overview
7.7.2. Incontinence Market Forecast and Analysis
7.8. RESPIRATORY SUPPLIES
7.8.1. Overview
7.8.2. Respiratory Supplies Market Forecast and Analysis
7.9. STERILIZATION
7.9.1. Overview
7.9.2. Sterilization Market Forecast and Analysis
7.10. NONWOVEN
7.10.1. Overview
7.10.2. Nonwoven Market Forecast and Analysis
8. MEDICAL DISPOSABLES MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
8.1. OVERVIEW
8.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. PLASTIC RESIN
8.3.1. Overview
8.3.2. Plastic Resin Market Forecast and Analysis
8.4. NONWOVEN MATERIAL
8.4.1. Overview
8.4.2. Nonwoven Material Market Forecast and Analysis
8.5. RUBBER
8.5.1. Overview
8.5.2. Rubber Market Forecast and Analysis
8.6. PAPER AND PAPERBOARD
8.6.1. Overview
8.6.2. Paper and Paperboard Market Forecast and Analysis
8.7. METALS AND GLASS
8.7.1. Overview
8.7.2. Metals and Glass Market Forecast and Analysis
9. MEDICAL DISPOSABLES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. HOME HEALTHCARE
9.4.1. Overview
9.4.2. Home Healthcare Market Forecast and Analysis
9.5. OUTPATIENT/PRIMARY CARE FACILITIES
9.5.1. Overview
9.5.2. Outpatient/Primary Care Facilities Market Forecast and Analysis
10. MEDICAL DISPOSABLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Disposables Market Overview
10.1.2 North America Medical Disposables Market Forecasts and Analysis
10.1.3 North America Medical Disposables Market Forecasts and Analysis - By Product
10.1.4 North America Medical Disposables Market Forecasts and Analysis - By Raw Material
10.1.5 North America Medical Disposables Market Forecasts and Analysis - By End User
10.1.6 North America Medical Disposables Market Forecasts and Analysis - By Countries
10.1.6.1 United States Medical Disposables Market
10.1.6.1.1 United States Medical Disposables Market by Product
10.1.6.1.2 United States Medical Disposables Market by Raw Material
10.1.6.1.3 United States Medical Disposables Market by End User
10.1.6.2 Canada Medical Disposables Market
10.1.6.2.1 Canada Medical Disposables Market by Product
10.1.6.2.2 Canada Medical Disposables Market by Raw Material
10.1.6.2.3 Canada Medical Disposables Market by End User
10.1.6.3 Mexico Medical Disposables Market
10.1.6.3.1 Mexico Medical Disposables Market by Product
10.1.6.3.2 Mexico Medical Disposables Market by Raw Material
10.1.6.3.3 Mexico Medical Disposables Market by End User
10.2. EUROPE
10.2.1 Europe Medical Disposables Market Overview
10.2.2 Europe Medical Disposables Market Forecasts and Analysis
10.2.3 Europe Medical Disposables Market Forecasts and Analysis - By Product
10.2.4 Europe Medical Disposables Market Forecasts and Analysis - By Raw Material
10.2.5 Europe Medical Disposables Market Forecasts and Analysis - By End User
10.2.6 Europe Medical Disposables Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Disposables Market
10.2.6.1.1 Germany Medical Disposables Market by Product
10.2.6.1.2 Germany Medical Disposables Market by Raw Material
10.2.6.1.3 Germany Medical Disposables Market by End User
10.2.6.2 France Medical Disposables Market
10.2.6.2.1 France Medical Disposables Market by Product
10.2.6.2.2 France Medical Disposables Market by Raw Material
10.2.6.2.3 France Medical Disposables Market by End User
10.2.6.3 Italy Medical Disposables Market
10.2.6.3.1 Italy Medical Disposables Market by Product
10.2.6.3.2 Italy Medical Disposables Market by Raw Material
10.2.6.3.3 Italy Medical Disposables Market by End User
10.2.6.4 Spain Medical Disposables Market
10.2.6.4.1 Spain Medical Disposables Market by Product
10.2.6.4.2 Spain Medical Disposables Market by Raw Material
10.2.6.4.3 Spain Medical Disposables Market by End User
10.2.6.5 United Kingdom Medical Disposables Market
10.2.6.5.1 United Kingdom Medical Disposables Market by Product
10.2.6.5.2 United Kingdom Medical Disposables Market by Raw Material
10.2.6.5.3 United Kingdom Medical Disposables Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Disposables Market Overview
10.3.2 Asia-Pacific Medical Disposables Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Disposables Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Medical Disposables Market Forecasts and Analysis - By Raw Material
10.3.5 Asia-Pacific Medical Disposables Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Medical Disposables Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Disposables Market
10.3.6.1.1 Australia Medical Disposables Market by Product
10.3.6.1.2 Australia Medical Disposables Market by Raw Material
10.3.6.1.3 Australia Medical Disposables Market by End User
10.3.6.2 China Medical Disposables Market
10.3.6.2.1 China Medical Disposables Market by Product
10.3.6.2.2 China Medical Disposables Market by Raw Material
10.3.6.2.3 China Medical Disposables Market by End User
10.3.6.3 India Medical Disposables Market
10.3.6.3.1 India Medical Disposables Market by Product
10.3.6.3.2 India Medical Disposables Market by Raw Material
10.3.6.3.3 India Medical Disposables Market by End User
10.3.6.4 Japan Medical Disposables Market
10.3.6.4.1 Japan Medical Disposables Market by Product
10.3.6.4.2 Japan Medical Disposables Market by Raw Material
10.3.6.4.3 Japan Medical Disposables Market by End User
10.3.6.5 South Korea Medical Disposables Market
10.3.6.5.1 South Korea Medical Disposables Market by Product
10.3.6.5.2 South Korea Medical Disposables Market by Raw Material
10.3.6.5.3 South Korea Medical Disposables Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Disposables Market Overview
10.4.2 Middle East and Africa Medical Disposables Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Disposables Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Medical Disposables Market Forecasts and Analysis - By Raw Material
10.4.5 Middle East and Africa Medical Disposables Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Medical Disposables Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Disposables Market
10.4.6.1.1 South Africa Medical Disposables Market by Product
10.4.6.1.2 South Africa Medical Disposables Market by Raw Material
10.4.6.1.3 South Africa Medical Disposables Market by End User
10.4.6.2 Saudi Arabia Medical Disposables Market
10.4.6.2.1 Saudi Arabia Medical Disposables Market by Product
10.4.6.2.2 Saudi Arabia Medical Disposables Market by Raw Material
10.4.6.2.3 Saudi Arabia Medical Disposables Market by End User
10.4.6.3 U.A.E Medical Disposables Market
10.4.6.3.1 U.A.E Medical Disposables Market by Product
10.4.6.3.2 U.A.E Medical Disposables Market by Raw Material
10.4.6.3.3 U.A.E Medical Disposables Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Disposables Market Overview
10.5.2 South and Central America Medical Disposables Market Forecasts and Analysis
10.5.3 South and Central America Medical Disposables Market Forecasts and Analysis - By Product
10.5.4 South and Central America Medical Disposables Market Forecasts and Analysis - By Raw Material
10.5.5 South and Central America Medical Disposables Market Forecasts and Analysis - By End User
10.5.6 South and Central America Medical Disposables Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Disposables Market
10.5.6.1.1 Brazil Medical Disposables Market by Product
10.5.6.1.2 Brazil Medical Disposables Market by Raw Material
10.5.6.1.3 Brazil Medical Disposables Market by End User
10.5.6.2 Argentina Medical Disposables Market
10.5.6.2.1 Argentina Medical Disposables Market by Product
10.5.6.2.2 Argentina Medical Disposables Market by Raw Material
10.5.6.2.3 Argentina Medical Disposables Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MEDICAL DISPOSABLES MARKET, KEY COMPANY PROFILES
12.1. 3M
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. JOHNSON AND JOHNSON SERVICES, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ABBOTT
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BECTON, DICKINSON AND COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MEDTRONIC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. B. BRAUN MELSUNGEN AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BAYER AG
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SMITH AND NEPHEW
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MEDLINE INDUSTRIES, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. CARDINAL HEALTH
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. 3M2. Johnson and Johnson Services, Inc.3. Abbott4. Becton, Dickinson & Company5. Medtronic6. B. Braun Melsungen AG7. Bayer AG8. Smith and Nephew9. Medline Industries, Inc.10. Cardinal Health.
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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