Noninvasive Surgical Wound Closure Professional Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Wound closure is considered a routine part of surgeries. Derma surgeons come across various kinds of wounds that are closed on a daily basis, and thus the non-invasive method provides both cost-efficient and time-saving solutions. Traditional methods of skin closure can cause micro-trauma to the epidermal skin, infection, and microvascular blood supply. Whereas the non-invasive surgical wound closure distributes the surgical incision tension uniformly throughout the skin closure, flexes with the patient's motions, and potentially reduces the risk of hypertrophic scarring. There are various types of skin closure materials available such as adhesive tapes and glues.
MARKET SCOPE
The "Global Noninvasive Surgical Wound Closure Professional Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the noninvasive surgical wound closure professional market with detailed market segmentation by product type, application, end user, and geography. The report provides key statistics on the market status of the leading noninvasive surgical wound closure professional market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global noninvasive surgical wound closure professional market is segmented into adhesive, and hemostats.
- Based on application, the market is segmented into orthopedics, cosmetics, obstetrics and gynecology, and others.
- On the basis of end-users, the market is bifurcated into hospital, clinics, ambulatory surgical centers and emergency service centers.
MARKET DYNAMICS
Drivers:
- Increase in the demand for cosmetic surgeries.
- Growing emphasis on non-invasive surgical procedures.
- Increase in the number of surgical procedures.
- Rise in the number of skin closure product approvals.
- Technological advancements in surgical wound closures.
Restraints:
- Lack of penetration of non-invasive surgical wound closures in underdeveloped countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The noninvasive surgical wound closure professional market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the noninvasive surgical wound closure professional market in these regions.
IMPACT OF COVID-19 ON NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has affected industries and economies in various countries due to imposed restrictive measures such as lockdowns, travel bans, and business shutdowns. The shutdown of plants and factories has affected the global supply chains and negatively impacted the noninvasive surgical wound closure manufacturing and sales of products worldwide. Moreover, the outbreak has also restricted trade, thereby affecting the business and caused less demand for the product impacting the market growth. However, the market will experience growth after the removal of restrictive measures. Hence, the factors mentioned above affected the development of the market during the pandemic period.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The noninvasive surgical wound closure professional market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the noninvasive surgical wound closure professional market in these regions.
IMPACT OF COVID-19 ON NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has affected industries and economies in various countries due to imposed restrictive measures such as lockdowns, travel bans, and business shutdowns. The shutdown of plants and factories has affected the global supply chains and negatively impacted the noninvasive surgical wound closure manufacturing and sales of products worldwide. Moreover, the outbreak has also restricted trade, thereby affecting the business and caused less demand for the product impacting the market growth. However, the market will experience growth after the removal of restrictive measures. Hence, the factors mentioned above affected the development of the market during the pandemic period.
MARKET PLAYERS
The report covers key developments in the noninvasive surgical wound closure professional 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 the expansion of business and customer base of market players. The market players from noninvasive surgical wound closure professional market are anticipated to have lucrative growth opportunities in the future with the rising demand for noninvasive surgical wound closure professional in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the noninvasive surgical wound closure professional market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Advanced Medical Solutions Group Plc
- Abbott
- Teleflex Medical
- Smith and Nephew
- Ethicon Endo-Surgery
- Medtronic
- Baxter
- CP Medical
- Aesculap
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Noninvasive Surgical Wound Closure Professional Market - By Product Type
1.3.2 Noninvasive Surgical Wound Closure Professional Market - By Application
1.3.3 Noninvasive Surgical Wound Closure Professional Market - By End user
1.3.4 Noninvasive Surgical Wound Closure Professional Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL 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. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET - GLOBAL MARKET ANALYSIS
6.1. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL - GLOBAL MARKET OVERVIEW
6.2. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ADHESIVE
7.3.1. Overview
7.3.2. Adhesive Market Forecast and Analysis
7.3.3. Natural Market
7.3.3.1. Overview
7.3.3.2. Natural Market Forecast and Analysis
7.3.4. Synthetic Market
7.3.4.1. Overview
7.3.4.2. Synthetic Market Forecast and Analysis
7.3.5. Adhesive barrier products Market
7.3.5.1. Overview
7.3.5.2. Adhesive barrier products Market Forecast and Analysis
7.4. HEMOSTATS
7.4.1. Overview
7.4.2. Hemostats Market Forecast and Analysis
7.4.3. Mechanical Market
7.4.3.1. Overview
7.4.3.2. Mechanical Market Forecast and Analysis
7.4.4. Active Market
7.4.4.1. Overview
7.4.4.2. Active Market Forecast and Analysis
7.4.5. Flowable Market
7.4.5.1. Overview
7.4.5.2. Flowable Market Forecast and Analysis
7.4.6. Sealants Market
7.4.6.1. Overview
7.4.6.2. Sealants Market Forecast and Analysis
8. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ORTHOPEDICS
8.3.1. Overview
8.3.2. Orthopedics Market Forecast and Analysis
8.4. COSMETICS
8.4.1. Overview
8.4.2. Cosmetics Market Forecast and Analysis
8.5. OBSTETRICS AND GYNECOLOGY
8.5.1. Overview
8.5.2. Obstetrics and Gynecology Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL
9.3.1. Overview
9.3.2. Hospital Market Forecast and Analysis
9.4. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. AMBULATORY SURGICAL CENTERS
9.5.1. Overview
9.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.6. EMERGENCY SERVICE CENTERS
9.6.1. Overview
9.6.2. Emergency Service Centers Market Forecast and Analysis
10. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Noninvasive Surgical Wound Closure Professional Market Overview
10.1.2 North America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis
10.1.3 North America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Product Type
10.1.4 North America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Application
10.1.5 North America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By End user
10.1.6 North America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Noninvasive Surgical Wound Closure Professional Market
10.1.6.1.1 Canada Noninvasive Surgical Wound Closure Professional Market by Product Type
10.1.6.1.2 Canada Noninvasive Surgical Wound Closure Professional Market by Application
10.1.6.1.3 Canada Noninvasive Surgical Wound Closure Professional Market by End user
10.1.6.2 Mexico Noninvasive Surgical Wound Closure Professional Market
10.1.6.2.1 Mexico Noninvasive Surgical Wound Closure Professional Market by Product Type
10.1.6.2.2 Mexico Noninvasive Surgical Wound Closure Professional Market by Application
10.1.6.2.3 Mexico Noninvasive Surgical Wound Closure Professional Market by End user
10.1.6.3 US Noninvasive Surgical Wound Closure Professional Market
10.1.6.3.1 US Noninvasive Surgical Wound Closure Professional Market by Product Type
10.1.6.3.2 US Noninvasive Surgical Wound Closure Professional Market by Application
10.1.6.3.3 US Noninvasive Surgical Wound Closure Professional Market by End user
10.2. EUROPE
10.2.1 Europe Noninvasive Surgical Wound Closure Professional Market Overview
10.2.2 Europe Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis
10.2.3 Europe Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Product Type
10.2.4 Europe Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Application
10.2.5 Europe Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By End user
10.2.6 Europe Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Noninvasive Surgical Wound Closure Professional Market
10.2.6.1.1 Germany Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.1.2 Germany Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.1.3 Germany Noninvasive Surgical Wound Closure Professional Market by End user
10.2.6.2 France Noninvasive Surgical Wound Closure Professional Market
10.2.6.2.1 France Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.2.2 France Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.2.3 France Noninvasive Surgical Wound Closure Professional Market by End user
10.2.6.3 Italy Noninvasive Surgical Wound Closure Professional Market
10.2.6.3.1 Italy Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.3.2 Italy Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.3.3 Italy Noninvasive Surgical Wound Closure Professional Market by End user
10.2.6.4 Spain Noninvasive Surgical Wound Closure Professional Market
10.2.6.4.1 Spain Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.4.2 Spain Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.4.3 Spain Noninvasive Surgical Wound Closure Professional Market by End user
10.2.6.5 United Kingdom Noninvasive Surgical Wound Closure Professional Market
10.2.6.5.1 United Kingdom Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.5.2 United Kingdom Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.5.3 United Kingdom Noninvasive Surgical Wound Closure Professional Market by End user
10.2.6.6 Rest of Europe Noninvasive Surgical Wound Closure Professional Market
10.2.6.6.1 Rest of Europe Noninvasive Surgical Wound Closure Professional Market by Product Type
10.2.6.6.2 Rest of Europe Noninvasive Surgical Wound Closure Professional Market by Application
10.2.6.6.3 Rest of Europe Noninvasive Surgical Wound Closure Professional Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Overview
10.3.2 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis
10.3.3 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Noninvasive Surgical Wound Closure Professional Market
10.3.6.1.1 Australia Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.1.2 Australia Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.1.3 Australia Noninvasive Surgical Wound Closure Professional Market by End user
10.3.6.2 China Noninvasive Surgical Wound Closure Professional Market
10.3.6.2.1 China Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.2.2 China Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.2.3 China Noninvasive Surgical Wound Closure Professional Market by End user
10.3.6.3 India Noninvasive Surgical Wound Closure Professional Market
10.3.6.3.1 India Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.3.2 India Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.3.3 India Noninvasive Surgical Wound Closure Professional Market by End user
10.3.6.4 Japan Noninvasive Surgical Wound Closure Professional Market
10.3.6.4.1 Japan Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.4.2 Japan Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.4.3 Japan Noninvasive Surgical Wound Closure Professional Market by End user
10.3.6.5 South Korea Noninvasive Surgical Wound Closure Professional Market
10.3.6.5.1 South Korea Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.5.2 South Korea Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.5.3 South Korea Noninvasive Surgical Wound Closure Professional Market by End user
10.3.6.6 Rest of Asia-Pacific Noninvasive Surgical Wound Closure Professional Market
10.3.6.6.1 Rest of Asia-Pacific Noninvasive Surgical Wound Closure Professional Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Noninvasive Surgical Wound Closure Professional Market by Application
10.3.6.6.3 Rest of Asia-Pacific Noninvasive Surgical Wound Closure Professional Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Overview
10.4.2 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis
10.4.3 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Noninvasive Surgical Wound Closure Professional Market
10.4.6.1.1 South Africa Noninvasive Surgical Wound Closure Professional Market by Product Type
10.4.6.1.2 South Africa Noninvasive Surgical Wound Closure Professional Market by Application
10.4.6.1.3 South Africa Noninvasive Surgical Wound Closure Professional Market by End user
10.4.6.2 Saudi Arabia Noninvasive Surgical Wound Closure Professional Market
10.4.6.2.1 Saudi Arabia Noninvasive Surgical Wound Closure Professional Market by Product Type
10.4.6.2.2 Saudi Arabia Noninvasive Surgical Wound Closure Professional Market by Application
10.4.6.2.3 Saudi Arabia Noninvasive Surgical Wound Closure Professional Market by End user
10.4.6.3 U.A.E Noninvasive Surgical Wound Closure Professional Market
10.4.6.3.1 U.A.E Noninvasive Surgical Wound Closure Professional Market by Product Type
10.4.6.3.2 U.A.E Noninvasive Surgical Wound Closure Professional Market by Application
10.4.6.3.3 U.A.E Noninvasive Surgical Wound Closure Professional Market by End user
10.4.6.4 Rest of Middle East and Africa Noninvasive Surgical Wound Closure Professional Market
10.4.6.4.1 Rest of Middle East and Africa Noninvasive Surgical Wound Closure Professional Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Noninvasive Surgical Wound Closure Professional Market by Application
10.4.6.4.3 Rest of Middle East and Africa Noninvasive Surgical Wound Closure Professional Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Noninvasive Surgical Wound Closure Professional Market Overview
10.5.2 South and Central America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis
10.5.3 South and Central America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Application
10.5.5 South and Central America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By End user
10.5.6 South and Central America Noninvasive Surgical Wound Closure Professional Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Noninvasive Surgical Wound Closure Professional Market
10.5.6.1.1 Brazil Noninvasive Surgical Wound Closure Professional Market by Product Type
10.5.6.1.2 Brazil Noninvasive Surgical Wound Closure Professional Market by Application
10.5.6.1.3 Brazil Noninvasive Surgical Wound Closure Professional Market by End user
10.5.6.2 Argentina Noninvasive Surgical Wound Closure Professional Market
10.5.6.2.1 Argentina Noninvasive Surgical Wound Closure Professional Market by Product Type
10.5.6.2.2 Argentina Noninvasive Surgical Wound Closure Professional Market by Application
10.5.6.2.3 Argentina Noninvasive Surgical Wound Closure Professional Market by End user
10.5.6.3 Rest of South and Central America Noninvasive Surgical Wound Closure Professional Market
10.5.6.3.1 Rest of South and Central America Noninvasive Surgical Wound Closure Professional Market by Product Type
10.5.6.3.2 Rest of South and Central America Noninvasive Surgical Wound Closure Professional Market by Application
10.5.6.3.3 Rest of South and Central America Noninvasive Surgical Wound Closure Professional 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. NONINVASIVE SURGICAL WOUND CLOSURE PROFESSIONAL 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. ADVANCED MEDICAL SOLUTIONS GROUP PLC
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. TELEFLEX MEDICAL
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. SMITH AND NEPHEW
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. ETHICON ENDO-SURGERY
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. MEDTRONIC
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. BAXTER
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. CP MEDICAL
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. AESCULAP
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. 3M
2. Advanced Medical Solutions Group Plc
3. Abbott
4. Teleflex Medical
5. Smith and Nephew
6. Ethicon Endo-Surgery
7. Medtronic
8. Baxter
9. CP Medical
10. Aesculap
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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