Nerve Monitoring Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Nerve monitoring systems are intraoperatively used to identify and monitor motor nerve function surgeons, to reduce the risk of nerve damage. Additionally, these monitoring systems also help to identify the nerve functions before the end of surgery through monitoring of triggered EMG activities in multiple cranial and peripheral nerves during the procedures such as ENT and other general surgeries. The tools such as monopolar, bipolar stimulating probes and dissection instruments are used with the system to assist in early nerve identification and confirmation. Moreover, these tools also help to locate, identify, and map the particular nerve and branches, and also helps to verify the nerve function and integrity.
MARKET DYNAMICS
The nerve monitoring systems market is anticipated to grow in the forecast period owing to driving factors such as increasing prevalence of trauma cases, continuous advancement in medical technology and rising number of complex & critical surgeries and across the globe. Moreover, the increasing geriatric population and increasing demand for nerve monitoring devices are likely to add novel opportunities for the global nerve monitoring systems market over the forecast period.
MARKET SCOPE
The "Global Nerve Monitoring Systems Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a focused global market trend. The report aims to provide an overview of global nerve monitoring systems market with detailed market segmentation by product, technology, application, end user and geography. The global nerve monitoring systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global nerve monitoring systems market is segmented on the basis of product, technology, application and end user. On the basis of product segment, the market is classified as nerve stimulation electrodes & probes, nerve monitors and accessories. The nerve monitoring systems market by technology segment is classified into evoked potential (EP), electroencephalography (EEG), electromyography (EMG) and electrocorticography (ECOG). The application segment is categorized into neurosurgery, spine surgery, ENT surgery, cardiovascular applications and others. Based on end user, the nerve monitoring systems market is classified as hospitals, ambulatory surgical centers and others. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global nerve monitoring systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The nerve monitoring systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting nerve monitoring systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the nerve monitoring systems market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global nerve monitoring systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The nerve monitoring systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting nerve monitoring systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the nerve monitoring systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the nerve monitoring systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from nerve monitoring systems market are anticipated to lucrative growth opportunities in the future with the rising demand for nerve monitoring systems in the global market. Below mentioned is the list of few companies engaged in the nerve monitoring systems market.
The report also includes the profiles of key nerve monitoring systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Medtronic
- Natus Medical Incorporated
- BOVIE MEDICAL
- AXON Communications Inc.
- Dr. Langer Medical GmbH
- Neurovision Medical Products
- HYH
- Xavant Technology (Pty) Ltd
- NuVasive, Inc.
- Magstim
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Nerve Monitoring System Market - By Product
1.3.2. Nerve Monitoring System Market - By Technology
1.3.3. Nerve Monitoring System Market - By Application
1.3.4. Nerve Monitoring System Market - By End User
1.3.5. Nerve Monitoring System Market - By Region
1.3.5.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NERVE MONITORING SYSTEM MARKET LANDSCAPE
4.1. MARKET 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 & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NERVE MONITORING SYSTEM MARKET- KEY INDUSTRY 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. NERVE MONITORING SYSTEM MARKET- GLOBAL ANALYSIS
6.1. NERVE MONITORING SYSTEM MARKET - GLOBAL MARKET OVERVIEW
6.2. NERVE MONITORING SYSTEM MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NERVE MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - BY PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. NERVE STIMULATION ELECTRODES & PROBES MARKET
7.3.1. Overview
7.3.2. Nerve Stimulation Electrodes & Probes Market Revenue Forecasts and Analysis (US$ Mn)
7.4. NERVE MONITORS MARKET
7.4.1. Overview
7.4.2. Nerve Monitors Market Revenue Forecasts and Analysis (US$ Mn)
7.5. ACCESSORIES MARKET
7.5.1. Overview
7.5.2. Accessories Market Revenue Forecasts and Analysis (US$ Mn)
8. NERVE MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - BY TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. EVOKED POTENTIAL (EP) MARKET
8.3.1. Overview
8.3.2. Evoked Potential (EP) Market Revenue Forecasts and Analysis (US$ Mn)
8.4. ELECTROENCEPHALOGRAPHY (EEG) MARKET
8.4.1. Overview
8.4.2. Electroencephalography (EEG) Market Revenue Forecasts and Analysis (US$ Mn)
8.5. ELECTROMYOGRAPHY (EMG) MARKET
8.5.1. Overview
8.5.2. Electromyography (EMG) Market Revenue Forecasts and Analysis (US$ Mn)
8.6. ELECTROCORTICOGRAPHY (ECOG) MARKET
8.6.1. Overview
8.6.2. Electrocorticography (ECOG) Market Revenue Forecasts and Analysis (US$ Mn)
9. NERVE MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
9.3. CARDIOVASCULAR SURGERY MARKET
9.3.1. Overview
9.3.2. Cardiovascular Surgery Market Revenue Forecasts and Analysis (US$ Mn)
9.4. SPINE SURGERY MARKET
9.4.1. Overview
9.4.2. Spine Surgery Market Revenue Forecasts and Analysis (US$ Mn)
9.5. NEUROSURGERY MARKET
9.5.1. Overview
9.5.2. Neurosurgery Market Revenue Forecasts and Analysis (US$ Mn)
9.6. ENT SURGERY MARKET
9.6.1. Overview
9.6.2. ENT Surgery Market Revenue Forecasts and Analysis (US$ Mn)
9.7. OTHER APPLICATIONS MARKET
9.7.1. Overview
9.7.2. Other Applications Market Revenue Forecasts and Analysis (US$ Mn)
10. NERVE MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
10.1. OVERVIEW
10.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
10.3. HOSPITALS MARKET
10.3.1. Overview
10.3.2. Hospitals Market Revenue Forecasts and Analysis (US$ Mn)
10.4. AMBULATORY SURGICAL CENTERS MARKET
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Revenue Forecasts and Analysis (US$ Mn)
10.5. OTHER END USER MARKET
10.5.1. Overview
10.5.2. Other End User Market Revenue Forecasts and Analysis (US$ Mn)
11. NERVE MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA NERVE MONITORING SYSTEM MARKET
11.1.1. North America Nerve Monitoring System Market Forecasts and Analysis (US$ Mn)
11.1.2. North America Nerve Monitoring System Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.1.3. North America Nerve Monitoring System Market Revenue and Forecasts Analysis - By Technology (US$ Mn)
11.1.4. North America Nerve Monitoring System Market Revenue and Forecasts Analysis - By End User (US$ Mn)
11.1.5. North America Nerve Monitoring System Market Forecasts and Analysis - By Country
11.1.6. US Market Overview
11.1.6.1. US Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.1.6.2. US Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.1.6.3. US Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.1.7. Canada Market Overview
11.1.7.1. Canada Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.1.7.2. Canada Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.1.7.3. Canada Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.1.8. Mexico Market Overview
11.1.8.1. Mexico Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.1.8.2. Mexico Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.1.8.3. Mexico Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.2. EUROPE NERVE MONITORING SYSTEM MARKET
11.2.1. Europe Nerve Monitoring System Market Forecasts and Analysis (US$ Mn)
11.2.2. Europe Nerve Monitoring System Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.2.3. Europe Nerve Monitoring System Market Revenue and Forecasts Analysis - By Technology (US$ Mn)
11.2.4. Europe Nerve Monitoring System Market Revenue and Forecasts Analysis - By End User (US$ Mn)
11.2.5. Europe Nerve Monitoring System Market Forecasts and Analysis - By Country
11.2.6. UK Market Overview
11.2.6.1. UK Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.2.6.2. UK Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.2.6.3. UK Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.2.7. Germany Market Overview
11.2.7.1. Germany Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.2.7.2. Germany Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.2.7.3. Germany Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.2.8. France Market Overview
11.2.8.1. France Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.2.8.2. France Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.2.8.3. France Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.2.9. Italy Market Overview
11.2.9.1. Italy Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.2.9.2. Italy Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.2.9.3. Italy Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.2.10. Spain Market Overview
11.2.10.1. Spain Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.2.10.2. Spain Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.2.10.3. Spain Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.3. ASIA PACIFIC NERVE MONITORING SYSTEM MARKET
11.3.1. Asia Pacific Nerve Monitoring System Market Forecasts and Analysis (US$ Mn)
11.3.2. Asia Pacific Nerve Monitoring System Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.3.3. Asia Pacific Nerve Monitoring System Market Revenue and Forecasts Analysis - By Technology (US$ Mn)
11.3.4. Asia Pacific Nerve Monitoring System Market Revenue and Forecasts Analysis - By End User (US$ Mn)
11.3.5. Asia Pacific Nerve Monitoring System Market Forecasts and Analysis - By Country
11.3.6. China Market Overview
11.3.6.1. China Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.3.6.2. China Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.3.6.3. China Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.3.7. Japan Market Overview
11.3.7.1. Japan Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.3.7.2. Japan Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.3.7.3. Japan Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.3.8. India Market Overview
11.3.8.1. India Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.3.8.2. India Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.3.8.3. India Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.3.9. Australia Market Overview
11.3.9.1. Australia Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.3.9.2. Australia Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.3.9.3. Australia Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.3.10. South Korea Market Overview
11.3.10.1. South Korea Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.3.10.2. South Korea Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.3.10.3. South Korea Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.4. MIDDLE EAST & AFRICA (MEA) NERVE MONITORING SYSTEM MARKET
11.4.1. Middle East & Africa (MEA) Nerve Monitoring System Market Forecasts and Analysis (US$ Mn)
11.4.2. Middle East & Africa (MEA) Nerve Monitoring System Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.4.3. Middle East & Africa (MEA) Nerve Monitoring System Market Revenue and Forecasts Analysis - By Technology (US$ Mn)
11.4.4. Middle East & Africa (MEA) Nerve Monitoring System Market Revenue and Forecasts Analysis - By End User (US$ Mn)
11.4.5. Middle East & Africa (MEA) Nerve Monitoring System Market Forecasts and Analysis - By Country
11.4.6. UAE Overview
11.4.6.1. UAE Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.4.6.2. UAE Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.4.6.3. UAE Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.4.7. Saudi Arabia Market Overview
11.4.7.1. Saudi Arabia Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.4.7.2. Saudi Arabia Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.4.7.3. Saudi Arabia Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.4.8. South Africa Market Overview
11.4.8.1. South Africa Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.4.8.2. South Africa Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.4.8.3. South Africa Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.5. SOUTH AND CENTRAL AMERICA NERVE MONITORING SYSTEM MARKET
11.5.1. South and Central America Nerve Monitoring System Market Forecasts and Analysis (US$ Mn)
11.5.2. South and Central America Nerve Monitoring System Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.5.3. South and Central America Nerve Monitoring System Market Revenue and Forecasts Analysis - By Technology (US$ Mn)
11.5.4. South and Central America Nerve Monitoring System Market Revenue and Forecasts Analysis - By End User (US$ Mn)
11.5.5. South and Central America Nerve Monitoring System Market Forecasts and Analysis - By Country
11.5.6. Brazil Market Overview
11.5.6.1. Brazil Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.5.6.2. Brazil Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.5.6.3. Brazil Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.5.7. Argentina Market Overview
11.5.7.1. Argentina Nerve Monitoring System Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.5.7.2. Argentina Nerve Monitoring System Market Revenue Forecasts and Analysis - By Technology (US$ Mn)
11.5.7.3. Argentina Nerve Monitoring System Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. INDUSTRY LANDSCAPE
12.1. ORGANIC GROWTH STRATEGIES
12.1.1. New Product Launches
12.1.2. Marketing & Promotional Activities
12.2. INORGANIC GROWTH STRATEGIES
12.2.1. Partnerships, Collaborations, and Joint Ventures
12.2.2. Mergers & Acquisitions
13. NERVE MONITORING SYSTEM MARKET, KEY COMPANY PROFILES
13.1. MEDTRONIC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Product Pipeline
13.1.6. SWOT Analysis
13.1.7. Key Developments
13.2. NATUS MEDICAL INCORPORATED
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Product Pipeline
13.2.6. SWOT Analysis
13.2.7. Key Developments
13.3. BOVIE MEDICAL
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Product Portfolio
13.3.6. SWOT Analysis
13.3.7. Key Developments
13.4. AXON COMMUNICATIONS INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Product Pipeline
13.4.6. SWOT Analysis
13.4.7. Key Developments
13.5. DR. LANGER MEDICAL GMBH
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Product Portfolio
13.5.6. SWOT Analysis
13.5.7. Key Developments
13.6. NEUROVISION MEDICAL PRODUCTS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Product Pipeline
13.6.6. SWOT Analysis
13.6.7. Key Developments
13.7. HYH
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Product Pipeline
13.7.6. SWOT Analysis
13.7.7. Key Developments
13.8. XAVANT TECHNOLOGY (PTY) LTD
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Product Pipeline
13.8.6. SWOT Analysis
13.8.7. Key Developments
13.9. NUVASIVE, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Product Pipeline
13.9.6. SWOT Analysis
13.9.7. Key Developments
13.10. MAGSTIM
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Product Pipeline
13.10.6. SWOT Analysis
13.10.7. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Medtronic
2. Natus Medical Incorporated
3. BOVIE MEDICAL
4. AXON Communications Inc.
5. Dr. Langer Medical GmbH
6. Neurovision Medical Products
7. HYH
8. Xavant Technology (Pty) Ltd
9. NuVasive, Inc.
10. Magstim
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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