Operating Table Parts Market Drivers and Opportunities [2021-2031]
The Operating Table Parts Market is expected to register a CAGR of 3.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (General Surgical Tables, Specialty Surgery Table). Also the report is segmented based on Procedure (Into Anesthesia, Orthopedic, Neurology, Urology, Ophthalmic/ENT, Others). Further the report is segmented based on Accessory (Standard Accessory, Patient Supports). te report is lastly segmented based on End User (Hospitals, Clinics, Ambulatory Surgical Center, 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 Operating Table Parts 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.
Operating Table Parts Market Segmentation
Product Type- General Surgical Tables
- Specialty Surgery Table
- Into Anesthesia
- Orthopedic
- Neurology
- Urology
- Ophthalmic/ENT
- Others
- Standard Accessory
- Patient Supports
- Hospitals
- Clinics
- Ambulatory Surgical Center
- Others
- Hospitals
- Clinics
- Ambulatory Surgical Center
- Others
Strategic Insights
Operating Table Parts Market Growth Drivers- Increasing surgical procedures with several healthcare demands: Operating table parts market has been largely driven by these impacts of the global elderly population with new healthcare access expansion characterized with increasing surgeries globally. As such, hospitals advance and grow their facilities, further necessitating more complete high-tech operating tables with specialized components for various surgical requirements, thus fueling the demand for high-quality and durable table parts.
- Advances in Surgery Technology: Meanwhile, demand for high-tech operating table parts is spurred by continued advancements in medical technology, such as minimally invasive surgery and new robotic-assisted procedures. Such development requires additional components like robotic arms, precise systems for positioning, and built-in-night surveillance systems, which upgrade operating tables into a more adaptable, accurate, and safe mode for most complex surgeries.
- Government investments toward developing health infrastructure: They are the valuable investments progressed by developing countries toward the modern healthcare infrastructure of the community. Such investments are directed to modernizing the hospitals and setting up state-of-the-art surgical environments to highly bring the business of world-class operating table parts to fruition. These have proven quite significant in shaping the market of high-performance operating table parts. `
- Expansion into Emerging Markets: Rising healthcare infrastructure in developing markets assures the operating table parts business an extremely bright future. With the increase of patients desiring surgery, hospitals and surgical centers are upgrading their facilities. That is when manufacturers could enter into the providing superior-quality, less-costly operating table parts, specifically tailored to the needs of these regions. Moreover, the operating table parts market will achieve momentous growth as developing economies continue getting better healthcare infrastructure. Patients are increasing who want to go under the knife; hospitals and surgical centers are refurbishing their equipment. The time is ripe for manufacturers to enter the fray in offering superior quality, low-cost operating table parts specifically suited for the needs of these territories.
- Customization and Personalizatio: Manufacturers can take that chance and develop custom, fit-operating-table parts for some special surgical purposes, for instance: parts that could even be well customized for a variety of specialties, such as orthopedics, neurosurgery, or even cardiology, would allow the surgeons precise positioning of the patients during surgery as well as enable increased comfort for the patients. Given this emerging trend, the opportunities would result into innovative offerings and added value into the operating table parts market.
- Increasing number of ASC centers: A growing market opportunity for the operating table parts is created by an increasing number of ambulatory surgery centers. Most of these centers require specialized, efficient, and compact space-saving operating tables equipped with state-of-the-art functionality features. By creating more compact and yet high-functioning tables that meet the unique needs of ASCs, manufacturers can explore this trend further and develop market access improvements.
- Integration of Robotics and Automation: Ever-increasing technology integrate into the robotic and automation aspect really proves that this field is only beginning. New advancements in robotic surgical technology are now allowing even the arms of the operating table to be flexibly automated via precision-controlled systems of robotic surgery that are mostly kept free from human interference-all at the same time producing better patient outcomes and efficiencies to the hospital.
- Modular and Customizable Designs: Need to be Modular for easy Configuration into the Many Different Types of the Table in Operating Room Surgery: So, the types of the above tables would be more flexible operations, and in this case, there is a need for few more configurations-cont meeting different surgical specialty requirements in a cost-effective way without having to buy complete specialized tables.
- Sustainability and Eco-Friendly Materials: Environmentally friendly materials for the manufacture of operating table parts have driven the healthcare sector to be greener. This generally reduces the environmental open space footprint through recyclable metals or biodegradable plastics or energy-saving components. This fits well into the sustainability goals of the hospitals, keeping in mind the best safety and performance standards.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Operating Table Parts 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 Operating Table Parts 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 report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Hill-Rom Holdings, Inc., Stryker, Lojer Group accounted for more than 40% market shares in the year 2023
Specialty Surgery Table segments accounts for major share in the market
Asia Pacific region is the fastest growing in the market
The Operating Table Parts Market is estimated to witness a CAGR of 3.2% from 2023 to 2031
Approximately 150-200 word file pages is the standard report
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Operating Table Parts Market - By Product Type
1.3.2 Operating Table Parts Market - By Procedure
1.3.3 Operating Table Parts Market - By Accessory
1.3.4 Operating Table Parts Market - By End User
1.3.5 Operating Table Parts Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPERATING TABLE PARTS 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. OPERATING TABLE PARTS 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. OPERATING TABLE PARTS MARKET - GLOBAL MARKET ANALYSIS
6.1. OPERATING TABLE PARTS - GLOBAL MARKET OVERVIEW
6.2. OPERATING TABLE PARTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OPERATING TABLE PARTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENERAL SURGICAL TABLES
7.3.1. Overview
7.3.2. General Surgical Tables Market Forecast and Analysis
7.4. SPECIALTY SURGERY TABLE
7.4.1. Overview
7.4.2. Specialty Surgery Table Market Forecast and Analysis
8. OPERATING TABLE PARTS MARKET - REVENUE AND FORECASTS TO 2028 - PROCEDURE
8.1. OVERVIEW
8.2. PROCEDURE MARKET FORECASTS AND ANALYSIS
8.3. INTO ANESTHESIA
8.3.1. Overview
8.3.2. Into Anesthesia Market Forecast and Analysis
8.4. ORTHOPEDIC
8.4.1. Overview
8.4.2. Orthopedic Market Forecast and Analysis
8.5. NEUROLOGY
8.5.1. Overview
8.5.2. Neurology Market Forecast and Analysis
8.6. UROLOGY
8.6.1. Overview
8.6.2. Urology Market Forecast and Analysis
8.7. OPHTHALMIC/ENT
8.7.1. Overview
8.7.2. Ophthalmic/ENT Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. OPERATING TABLE PARTS MARKET - REVENUE AND FORECASTS TO 2028 - ACCESSORY
9.1. OVERVIEW
9.2. ACCESSORY MARKET FORECASTS AND ANALYSIS
9.3. STANDARD ACCESSORY
9.3.1. Overview
9.3.2. Standard Accessory Market Forecast and Analysis
9.4. PATIENT SUPPORTS
9.4.1. Overview
9.4.2. Patient Supports Market Forecast and Analysis
10. OPERATING TABLE PARTS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. CLINICS
10.4.1. Overview
10.4.2. Clinics Market Forecast and Analysis
10.5. AMBULATORY SURGICAL CENTER
10.5.1. Overview
10.5.2. Ambulatory Surgical Center Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. OPERATING TABLE PARTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Operating Table Parts Market Overview
11.1.2 North America Operating Table Parts Market Forecasts and Analysis
11.1.3 North America Operating Table Parts Market Forecasts and Analysis - By Product Type
11.1.4 North America Operating Table Parts Market Forecasts and Analysis - By Procedure
11.1.5 North America Operating Table Parts Market Forecasts and Analysis - By Accessory
11.1.6 North America Operating Table Parts Market Forecasts and Analysis - By End User
11.1.7 North America Operating Table Parts Market Forecasts and Analysis - By Countries
11.1.7.1 United States Operating Table Parts Market
11.1.7.1.1 United States Operating Table Parts Market by Product Type
11.1.7.1.2 United States Operating Table Parts Market by Procedure
11.1.7.1.3 United States Operating Table Parts Market by Accessory
11.1.7.1.4 United States Operating Table Parts Market by End User
11.1.7.2 Canada Operating Table Parts Market
11.1.7.2.1 Canada Operating Table Parts Market by Product Type
11.1.7.2.2 Canada Operating Table Parts Market by Procedure
11.1.7.2.3 Canada Operating Table Parts Market by Accessory
11.1.7.2.4 Canada Operating Table Parts Market by End User
11.1.7.3 Mexico Operating Table Parts Market
11.1.7.3.1 Mexico Operating Table Parts Market by Product Type
11.1.7.3.2 Mexico Operating Table Parts Market by Procedure
11.1.7.3.3 Mexico Operating Table Parts Market by Accessory
11.1.7.3.4 Mexico Operating Table Parts Market by End User
11.2. EUROPE
11.2.1 Europe Operating Table Parts Market Overview
11.2.2 Europe Operating Table Parts Market Forecasts and Analysis
11.2.3 Europe Operating Table Parts Market Forecasts and Analysis - By Product Type
11.2.4 Europe Operating Table Parts Market Forecasts and Analysis - By Procedure
11.2.5 Europe Operating Table Parts Market Forecasts and Analysis - By Accessory
11.2.6 Europe Operating Table Parts Market Forecasts and Analysis - By End User
11.2.7 Europe Operating Table Parts Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Operating Table Parts Market
11.2.7.1.1 Germany Operating Table Parts Market by Product Type
11.2.7.1.2 Germany Operating Table Parts Market by Procedure
11.2.7.1.3 Germany Operating Table Parts Market by Accessory
11.2.7.1.4 Germany Operating Table Parts Market by End User
11.2.7.2 France Operating Table Parts Market
11.2.7.2.1 France Operating Table Parts Market by Product Type
11.2.7.2.2 France Operating Table Parts Market by Procedure
11.2.7.2.3 France Operating Table Parts Market by Accessory
11.2.7.2.4 France Operating Table Parts Market by End User
11.2.7.3 Italy Operating Table Parts Market
11.2.7.3.1 Italy Operating Table Parts Market by Product Type
11.2.7.3.2 Italy Operating Table Parts Market by Procedure
11.2.7.3.3 Italy Operating Table Parts Market by Accessory
11.2.7.3.4 Italy Operating Table Parts Market by End User
11.2.7.4 Spain Operating Table Parts Market
11.2.7.4.1 Spain Operating Table Parts Market by Product Type
11.2.7.4.2 Spain Operating Table Parts Market by Procedure
11.2.7.4.3 Spain Operating Table Parts Market by Accessory
11.2.7.4.4 Spain Operating Table Parts Market by End User
11.2.7.5 United Kingdom Operating Table Parts Market
11.2.7.5.1 United Kingdom Operating Table Parts Market by Product Type
11.2.7.5.2 United Kingdom Operating Table Parts Market by Procedure
11.2.7.5.3 United Kingdom Operating Table Parts Market by Accessory
11.2.7.5.4 United Kingdom Operating Table Parts Market by End User
11.2.7.6 Rest of Europe Operating Table Parts Market
11.2.7.6.1 Rest of Europe Operating Table Parts Market by Product Type
11.2.7.6.2 Rest of Europe Operating Table Parts Market by Procedure
11.2.7.6.3 Rest of Europe Operating Table Parts Market by Accessory
11.2.7.6.4 Rest of Europe Operating Table Parts Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Operating Table Parts Market Overview
11.3.2 Asia-Pacific Operating Table Parts Market Forecasts and Analysis
11.3.3 Asia-Pacific Operating Table Parts Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Operating Table Parts Market Forecasts and Analysis - By Procedure
11.3.5 Asia-Pacific Operating Table Parts Market Forecasts and Analysis - By Accessory
11.3.6 Asia-Pacific Operating Table Parts Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Operating Table Parts Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Operating Table Parts Market
11.3.7.1.1 Australia Operating Table Parts Market by Product Type
11.3.7.1.2 Australia Operating Table Parts Market by Procedure
11.3.7.1.3 Australia Operating Table Parts Market by Accessory
11.3.7.1.4 Australia Operating Table Parts Market by End User
11.3.7.2 China Operating Table Parts Market
11.3.7.2.1 China Operating Table Parts Market by Product Type
11.3.7.2.2 China Operating Table Parts Market by Procedure
11.3.7.2.3 China Operating Table Parts Market by Accessory
11.3.7.2.4 China Operating Table Parts Market by End User
11.3.7.3 India Operating Table Parts Market
11.3.7.3.1 India Operating Table Parts Market by Product Type
11.3.7.3.2 India Operating Table Parts Market by Procedure
11.3.7.3.3 India Operating Table Parts Market by Accessory
11.3.7.3.4 India Operating Table Parts Market by End User
11.3.7.4 Japan Operating Table Parts Market
11.3.7.4.1 Japan Operating Table Parts Market by Product Type
11.3.7.4.2 Japan Operating Table Parts Market by Procedure
11.3.7.4.3 Japan Operating Table Parts Market by Accessory
11.3.7.4.4 Japan Operating Table Parts Market by End User
11.3.7.5 South Korea Operating Table Parts Market
11.3.7.5.1 South Korea Operating Table Parts Market by Product Type
11.3.7.5.2 South Korea Operating Table Parts Market by Procedure
11.3.7.5.3 South Korea Operating Table Parts Market by Accessory
11.3.7.5.4 South Korea Operating Table Parts Market by End User
11.3.7.6 Rest of Asia-Pacific Operating Table Parts Market
11.3.7.6.1 Rest of Asia-Pacific Operating Table Parts Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Operating Table Parts Market by Procedure
11.3.7.6.3 Rest of Asia-Pacific Operating Table Parts Market by Accessory
11.3.7.6.4 Rest of Asia-Pacific Operating Table Parts Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Operating Table Parts Market Overview
11.4.2 Middle East and Africa Operating Table Parts Market Forecasts and Analysis
11.4.3 Middle East and Africa Operating Table Parts Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Operating Table Parts Market Forecasts and Analysis - By Procedure
11.4.5 Middle East and Africa Operating Table Parts Market Forecasts and Analysis - By Accessory
11.4.6 Middle East and Africa Operating Table Parts Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Operating Table Parts Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Operating Table Parts Market
11.4.7.1.1 South Africa Operating Table Parts Market by Product Type
11.4.7.1.2 South Africa Operating Table Parts Market by Procedure
11.4.7.1.3 South Africa Operating Table Parts Market by Accessory
11.4.7.1.4 South Africa Operating Table Parts Market by End User
11.4.7.2 Saudi Arabia Operating Table Parts Market
11.4.7.2.1 Saudi Arabia Operating Table Parts Market by Product Type
11.4.7.2.2 Saudi Arabia Operating Table Parts Market by Procedure
11.4.7.2.3 Saudi Arabia Operating Table Parts Market by Accessory
11.4.7.2.4 Saudi Arabia Operating Table Parts Market by End User
11.4.7.3 U.A.E Operating Table Parts Market
11.4.7.3.1 U.A.E Operating Table Parts Market by Product Type
11.4.7.3.2 U.A.E Operating Table Parts Market by Procedure
11.4.7.3.3 U.A.E Operating Table Parts Market by Accessory
11.4.7.3.4 U.A.E Operating Table Parts Market by End User
11.4.7.4 Rest of Middle East and Africa Operating Table Parts Market
11.4.7.4.1 Rest of Middle East and Africa Operating Table Parts Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Operating Table Parts Market by Procedure
11.4.7.4.3 Rest of Middle East and Africa Operating Table Parts Market by Accessory
11.4.7.4.4 Rest of Middle East and Africa Operating Table Parts Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Operating Table Parts Market Overview
11.5.2 South and Central America Operating Table Parts Market Forecasts and Analysis
11.5.3 South and Central America Operating Table Parts Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Operating Table Parts Market Forecasts and Analysis - By Procedure
11.5.5 South and Central America Operating Table Parts Market Forecasts and Analysis - By Accessory
11.5.6 South and Central America Operating Table Parts Market Forecasts and Analysis - By End User
11.5.7 South and Central America Operating Table Parts Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Operating Table Parts Market
11.5.7.1.1 Brazil Operating Table Parts Market by Product Type
11.5.7.1.2 Brazil Operating Table Parts Market by Procedure
11.5.7.1.3 Brazil Operating Table Parts Market by Accessory
11.5.7.1.4 Brazil Operating Table Parts Market by End User
11.5.7.2 Argentina Operating Table Parts Market
11.5.7.2.1 Argentina Operating Table Parts Market by Product Type
11.5.7.2.2 Argentina Operating Table Parts Market by Procedure
11.5.7.2.3 Argentina Operating Table Parts Market by Accessory
11.5.7.2.4 Argentina Operating Table Parts Market by End User
11.5.7.3 Rest of South and Central America Operating Table Parts Market
11.5.7.3.1 Rest of South and Central America Operating Table Parts Market by Product Type
11.5.7.3.2 Rest of South and Central America Operating Table Parts Market by Procedure
11.5.7.3.3 Rest of South and Central America Operating Table Parts Market by Accessory
11.5.7.3.4 Rest of South and Central America Operating Table Parts Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL OPERATING TABLE PARTS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. OPERATING TABLE PARTS MARKET, KEY COMPANY PROFILES
14.1. HILL-ROM HOLDINGS, INC.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. AGA SANITÄTSARTIKEL GMBH
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. STRYKER
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. GETINGE AB
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. MINDRAY
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. MIZUHO OSI
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. LOJER GROUP
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SIEMENS AG
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. STERIS PLC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. SKYTRON
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Hill-Rom Holdings, Inc.
2. AGA SANITÄTSARTIKEL GMBH
3. Stryker
4. Getinge AB
5. Mindray
6. Mizuho OSI
7. Lojer Group
8. Siemens AG
9. STERIS plc.
10. SKYTRON
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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