The Minimally Invasive And Non-Invasive Product And Service Market is expected to register a CAGR of 9.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product (Surgical Devices, Monitoring and Visualization Systems, Electrosurgical and Auxiliary Equipment, Endosurgical Equipment, Medical Robotics). The report further presents analysis based on Surgery (Cosmetic, Gastrointestinal, Gynecological, Urological, Thoracic, Cardiac, Vascular, Orthopedic). The report is further segmented based on End User (Hospitals, Ambulatory Surgical Clinics, Academic and Research Institutes, Others). 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 Minimally Invasive And Non-Invasive Product And Service 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.
Minimally Invasive And Non-Invasive Product And Service Market Segmentation
Product- Surgical Devices
- Monitoring and Visualization Systems
- Electrosurgical and Auxiliary Equipment
- Endosurgical Equipment
- Medical Robotics
- Cosmetic
- Gastrointestinal
- Gynecological
- Urological
- Thoracic
- Cardiac
- Vascular
- Orthopedic
- Hospitals
- Ambulatory Surgical Clinics
- Academic and Research Institutes
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Minimally Invasive And Non-Invasive Product And Service Market Growth Drivers- Growing Patient Demand: The demand among patients for minimally invasive and non-invasive procedures is increasing with the increase in applications of such techniques that offer benefits like less pain, faster recovery, and minimal scarring. This is something encouraging healthcare providers to adopt such techniques, thus setting up a growth chain in the related products and services.
- Advancements in Technology: Technological advancements in medical devices and imaging systems form the major reason for growth in the market of minimally invasive and non-invasive. Robotic technology, more advanced visualization techniques, and advanced instrumentation allow more accurate procedures, thereby increasing its adoption by health professionals and patients.
- Cost Effectiveness of Procedures: Minimally invasive and non-invasive methods generally reduce overall healthcare costs by reducing hospital stay and accelerating recovery time. This is a very attractive and cost-effective advantage that brings healthcare providers and patients in tune with each other, and in this regard, the market tends to be dominated by institutions looking for more effective ways of cutting costs toward better care and patient satisfaction.
- Telemedicine Integration: The integration of telemedicine services with minimally invasive and non-invasive services is surely getting the ball rolling. The preoperative and postoperative consultation in virtual settings improves the accessibility and convenience of the services for patients. This shows that under remote monitoring, the provider can effectively manage patient outcomes or overall service delivery.
- Personalized Medicine: Treatments personalized to patient profiles are the area where the trend for personalized medicine is showing an increase in minimally invasive markets. From genomics to biotechnology, better procedure accuracy leads to better results and higher patient satisfaction, which drives the need for customized products and services.
- Enhanced Training and Simulation: Training and simulation technologies are extremely focused on minimally and non-invasive techniques. Training with virtual reality and simulation tools improves surgical competency and confidence while ensuring a safer environment for the patient; thus, they help to increase the utilization of these advanced techniques in the clinical setting.
- Increased Healthcare Awareness: With more knowledge regarding the provided treatments, patients more and more demand minimally invasive and even non-invasive methods. According to this, healthcare systems need to be more responsive and provide more extensive services in this field of study, as can be obviously assumed from the desire for such procedures that result in shorter hospital stays and fewer complications.
- Growth in Home Healthcare: The surge in-home care services open up vast opportunities for minimally invasive and non-invasive products. Patients will also demand devices to be monitored from a distance, as well as devices for the least-invasive treatments possible, with the goals of bettering patient results and reducing re-hospitalizations.
- Wearable Technologies: This is what represents a unique opportunity in the minimally invasive and non-invasive market: wearable technologies that will allow monitoring in real-time for health metrics to carry out appropriate early diagnosis and treatments, thereby informing patients, together with their healthcare providers, about necessary proactive decisions on health management.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Minimally Invasive And Non-Invasive Product And Service 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 Minimally Invasive And Non-Invasive Product And Service 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
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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 major factors driving the minimally invasive and non-invasive product and service market are:
1. Growing Patient Demand.
2. Cost Effectiveness of Procedures.
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).
Intuitive Surgical, Johnson and Johnson Services Inc., and Boston Scientific Corporation are the major companies operating in the minimally invasive and non-invasive product and service market.
The minimally invasive and non-invasive product and service market is expected to grow at a CAGR of 9.5%.
North America region accounts for highest revenue share in minimally invasive and non-invasive product and service market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Minimally Invasive And Non-Invasive Product And Service Market - By Product
1.3.2 Minimally Invasive And Non-Invasive Product And Service Market - By Surgery
1.3.3 Minimally Invasive And Non-Invasive Product And Service Market - By End User
1.3.4 Minimally Invasive And Non-Invasive Product And Service Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE 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. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE 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. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE - GLOBAL MARKET OVERVIEW
6.2. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SURGICAL DEVICES
7.3.1. Overview
7.3.2. Surgical Devices Market Forecast and Analysis
7.4. MONITORING AND VISUALIZATION SYSTEMS
7.4.1. Overview
7.4.2. Monitoring and Visualization Systems Market Forecast and Analysis
7.5. ELECTROSURGICAL AND AUXILIARY EQUIPMENT
7.5.1. Overview
7.5.2. Electrosurgical and Auxiliary Equipment Market Forecast and Analysis
7.6. ENDOSURGICAL EQUIPMENT
7.6.1. Overview
7.6.2. Endosurgical Equipment Market Forecast and Analysis
7.7. MEDICAL ROBOTICS
7.7.1. Overview
7.7.2. Medical Robotics Market Forecast and Analysis
8. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - SURGERY
8.1. OVERVIEW
8.2. SURGERY MARKET FORECASTS AND ANALYSIS
8.3. COSMETIC
8.3.1. Overview
8.3.2. Cosmetic Market Forecast and Analysis
8.4. GASTROINTESTINAL
8.4.1. Overview
8.4.2. Gastrointestinal Market Forecast and Analysis
8.5. GYNECOLOGICAL
8.5.1. Overview
8.5.2. Gynecological Market Forecast and Analysis
8.6. UROLOGICAL
8.6.1. Overview
8.6.2. Urological Market Forecast and Analysis
8.7. THORACIC
8.7.1. Overview
8.7.2. Thoracic Market Forecast and Analysis
8.8. CARDIAC
8.8.1. Overview
8.8.2. Cardiac Market Forecast and Analysis
8.9. VASCULAR
8.9.1. Overview
8.9.2. Vascular Market Forecast and Analysis
8.10. ORTHOPEDIC
8.10.1. Overview
8.10.2. Orthopedic Market Forecast and Analysis
9. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE 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. AMBULATORY SURGICAL CLINICS
9.4.1. Overview
9.4.2. Ambulatory Surgical Clinics Market Forecast and Analysis
9.5. ACADEMIC AND RESEARCH INSTITUTES
9.5.1. Overview
9.5.2. Academic and Research Institutes Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Minimally Invasive And Non-Invasive Product And Service Market Overview
10.1.2 North America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis
10.1.3 North America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Product
10.1.4 North America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Surgery
10.1.5 North America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By End User
10.1.6 North America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Countries
10.1.6.1 United States Minimally Invasive And Non-Invasive Product And Service Market
10.1.6.1.1 United States Minimally Invasive And Non-Invasive Product And Service Market by Product
10.1.6.1.2 United States Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.1.6.1.3 United States Minimally Invasive And Non-Invasive Product And Service Market by End User
10.1.6.2 Canada Minimally Invasive And Non-Invasive Product And Service Market
10.1.6.2.1 Canada Minimally Invasive And Non-Invasive Product And Service Market by Product
10.1.6.2.2 Canada Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.1.6.2.3 Canada Minimally Invasive And Non-Invasive Product And Service Market by End User
10.1.6.3 Mexico Minimally Invasive And Non-Invasive Product And Service Market
10.1.6.3.1 Mexico Minimally Invasive And Non-Invasive Product And Service Market by Product
10.1.6.3.2 Mexico Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.1.6.3.3 Mexico Minimally Invasive And Non-Invasive Product And Service Market by End User
10.2. EUROPE
10.2.1 Europe Minimally Invasive And Non-Invasive Product And Service Market Overview
10.2.2 Europe Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis
10.2.3 Europe Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Product
10.2.4 Europe Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Surgery
10.2.5 Europe Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By End User
10.2.6 Europe Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Minimally Invasive And Non-Invasive Product And Service Market
10.2.6.1.1 Germany Minimally Invasive And Non-Invasive Product And Service Market by Product
10.2.6.1.2 Germany Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.2.6.1.3 Germany Minimally Invasive And Non-Invasive Product And Service Market by End User
10.2.6.2 France Minimally Invasive And Non-Invasive Product And Service Market
10.2.6.2.1 France Minimally Invasive And Non-Invasive Product And Service Market by Product
10.2.6.2.2 France Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.2.6.2.3 France Minimally Invasive And Non-Invasive Product And Service Market by End User
10.2.6.3 Italy Minimally Invasive And Non-Invasive Product And Service Market
10.2.6.3.1 Italy Minimally Invasive And Non-Invasive Product And Service Market by Product
10.2.6.3.2 Italy Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.2.6.3.3 Italy Minimally Invasive And Non-Invasive Product And Service Market by End User
10.2.6.4 Spain Minimally Invasive And Non-Invasive Product And Service Market
10.2.6.4.1 Spain Minimally Invasive And Non-Invasive Product And Service Market by Product
10.2.6.4.2 Spain Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.2.6.4.3 Spain Minimally Invasive And Non-Invasive Product And Service Market by End User
10.2.6.5 United Kingdom Minimally Invasive And Non-Invasive Product And Service Market
10.2.6.5.1 United Kingdom Minimally Invasive And Non-Invasive Product And Service Market by Product
10.2.6.5.2 United Kingdom Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.2.6.5.3 United Kingdom Minimally Invasive And Non-Invasive Product And Service Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Overview
10.3.2 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis
10.3.3 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Surgery
10.3.5 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Minimally Invasive And Non-Invasive Product And Service Market
10.3.6.1.1 Australia Minimally Invasive And Non-Invasive Product And Service Market by Product
10.3.6.1.2 Australia Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.3.6.1.3 Australia Minimally Invasive And Non-Invasive Product And Service Market by End User
10.3.6.2 China Minimally Invasive And Non-Invasive Product And Service Market
10.3.6.2.1 China Minimally Invasive And Non-Invasive Product And Service Market by Product
10.3.6.2.2 China Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.3.6.2.3 China Minimally Invasive And Non-Invasive Product And Service Market by End User
10.3.6.3 India Minimally Invasive And Non-Invasive Product And Service Market
10.3.6.3.1 India Minimally Invasive And Non-Invasive Product And Service Market by Product
10.3.6.3.2 India Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.3.6.3.3 India Minimally Invasive And Non-Invasive Product And Service Market by End User
10.3.6.4 Japan Minimally Invasive And Non-Invasive Product And Service Market
10.3.6.4.1 Japan Minimally Invasive And Non-Invasive Product And Service Market by Product
10.3.6.4.2 Japan Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.3.6.4.3 Japan Minimally Invasive And Non-Invasive Product And Service Market by End User
10.3.6.5 South Korea Minimally Invasive And Non-Invasive Product And Service Market
10.3.6.5.1 South Korea Minimally Invasive And Non-Invasive Product And Service Market by Product
10.3.6.5.2 South Korea Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.3.6.5.3 South Korea Minimally Invasive And Non-Invasive Product And Service Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Overview
10.4.2 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis
10.4.3 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Surgery
10.4.5 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Minimally Invasive And Non-Invasive Product And Service Market
10.4.6.1.1 South Africa Minimally Invasive And Non-Invasive Product And Service Market by Product
10.4.6.1.2 South Africa Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.4.6.1.3 South Africa Minimally Invasive And Non-Invasive Product And Service Market by End User
10.4.6.2 Saudi Arabia Minimally Invasive And Non-Invasive Product And Service Market
10.4.6.2.1 Saudi Arabia Minimally Invasive And Non-Invasive Product And Service Market by Product
10.4.6.2.2 Saudi Arabia Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.4.6.2.3 Saudi Arabia Minimally Invasive And Non-Invasive Product And Service Market by End User
10.4.6.3 U.A.E Minimally Invasive And Non-Invasive Product And Service Market
10.4.6.3.1 U.A.E Minimally Invasive And Non-Invasive Product And Service Market by Product
10.4.6.3.2 U.A.E Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.4.6.3.3 U.A.E Minimally Invasive And Non-Invasive Product And Service Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Overview
10.5.2 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis
10.5.3 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Product
10.5.4 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Surgery
10.5.5 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By End User
10.5.6 South and Central America Minimally Invasive And Non-Invasive Product And Service Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Minimally Invasive And Non-Invasive Product And Service Market
10.5.6.1.1 Brazil Minimally Invasive And Non-Invasive Product And Service Market by Product
10.5.6.1.2 Brazil Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.5.6.1.3 Brazil Minimally Invasive And Non-Invasive Product And Service Market by End User
10.5.6.2 Argentina Minimally Invasive And Non-Invasive Product And Service Market
10.5.6.2.1 Argentina Minimally Invasive And Non-Invasive Product And Service Market by Product
10.5.6.2.2 Argentina Minimally Invasive And Non-Invasive Product And Service Market by Surgery
10.5.6.2.3 Argentina Minimally Invasive And Non-Invasive Product And Service Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MINIMALLY INVASIVE AND NON-INVASIVE PRODUCT AND SERVICE MARKET, KEY COMPANY PROFILES
13.1. CONMED CORPORATION
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. INTUITIVE SURGICAL
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. MEDTRONIC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. JOHNSON AND JOHNSON SERVICES, INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BOSTON SCIENTIFIC CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ABBOTT
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SMITH AND NEPHEW
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. KARL STORZ AND CO. KG
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. FUJIFILM CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BD
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. CONMED Corporation.
2. Intuitive Surgical.
3. Medtronic
4. Johnson and Johnson Services Inc
5. Boston Scientific Corporation
6. Abbott
7. Smith and Nephew
8. KARL STORZ SE and Co. KG
9. FUJIFILM Corporation
10. BD
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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