Oral Syringes Market Drivers and Opportunities [2021-2031]
The Oral Syringes Market is expected to register a CAGR of 4.2% 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 By Product Type (Colorful Oral Syringes, Clear Oral Syringes). The report further presents analysis based on the Material (Glass Syringes, Plastic Syringes). Further the market is segmented based on Usage (Disposable Oral Syringes, Reusable Oral Syringes). The report is segmented based on Size (1ml, 25ml, 5ml, 10ml) . Also on the basis of End User (Hospitals, Clinics, Homecare Settings) . 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 Oral Syringes 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.
Oral Syringes Market Segmentation
Product Type- Colorful Oral Syringes
- Clear Oral Syringes
- Glass Syringes
- Plastic Syringes
- Disposable Oral Syringes
- Reusable Oral Syringes
- 1ml
- 25ml
- 5ml
- 10ml;
- 1ml
- 25ml
- 5ml
- 10ml;
Strategic Insights
Oral Syringes Market Growth Drivers- Increasing prevalence of chronic diseases in the elderly population: The primary reasons driving oral syringe sales are the high incidence rates of geriatric populations suffering from chronic diseases. Older adults need management of medications for conditions such as hypertension, diabetes, and other chronic illnesses, making oral syringes a precise and user-friendly method of using liquid medications especially for those patients who could not swallow pills. The oral syringe is of key interest, especially because of growing focus on customized medicine and home health care. In aging populations, therefore, the oral syringe becomes indispensable in chronic care management.
- Rising Medication errors in the paediatric population: Medication errors with children are one of the significant growth drivers for the oral syringe market. The right dosing becomes critical, and small differences might be fatal for children. Oral syringes provide good accuracy and facilitate ease-of-use, which reduces the chance for dosing error when given oral liquid medications. The above factors are complemented by growing awareness on the part of healthcare providers and parents regarding the right dispensing of the medication, along with changing regulatory guidelines favouring the use of oral syringes, which drives this market.
- Technological Advancements: Improved design facilitates more accurate measurement and delivery of liquid drugs with less likelihood of erroneous delivery. Ease of use allows easy handling for caregivers who look after children with such a product. Such enhancements to the product have ensured both patient safety and adherence while at the same time increasing the utilization of oral syringes across health departments. Technological advancement, in that regard, is the primary factor to enhance market growth for oral syringes.
- Growing popularity among outpatient and home healthcare services: With the trend of managing more patients outside the walls of hospitals, the need for portable and consumer-friendly medication delivery devices such as oral syringes is ever increasing. Besides, managing patients in the home or community becomes more and more acceptable to most patients and physicians; thus, oral syringes are an ideal and efficient method of administering medications in these patient care venues. A patient with a chronic condition is usually kept on medication for life; hence, easy-to-use oral syringes must be part of a home care regimen. The key trend for the oral syringe market is increasing popularity of outpatient and home healthcare services.
- Improving design syringes that improve user experience and safety: New designs would concentrate on ease of manipulation for the patient as well as the caregiver, which would make administration less tense and less error prone. Dosage markings are made more observable, and therefore better delivery is assured-this is particularly important in the case of easily compromised populations such as children. There are new syringes which come equipped with features such as soft tips or angled ends that make injecting easier. Improving syringe designs so that more user-friendly and safer products are provided has been a major trend in the oral syringe market.
- Sustainability for recyclable and environmentally friendly materials: With biodegradable or recyclable plastics becoming more commonly used by manufacturers, this very environment load of the disposable syringe is reduced. With the increasing regulatory and demand from consumers for sustainable products, companies are now challenged to innovate through the use of materials and packaging. Return and recycling programs for used syringes have become the nucleus for circular approaches toward the life cycle of products and sustainability issues. Thus, sustainability becomes a growing trend when it comes to using recyclable and environmentally friendly materials in oral syringes.
- Growing Trend Towards Prefillable Syringe Systems: Prefilled syringes simplify the process of administering medication to both caregivers and patients, thereby making the user friendlier. In addition, prefilled syringes also lessen the chance for contamination and dosing errors due to reduced handling. As healthcare facilities embrace these systems in pursuit of efficiency and safety benefits, demand for prefillable oral syringes is expected to increase. The trend towards prefillable syringe systems is a new avenue of opportunities for oral syringes.
- Increasing Focus of Market Players on Strategic Growth: Research entities and health care providers collaborate with a firm to foster innovation, which enhances the product line. Companies are buying smaller companies to add to their portfolio of products in order to increase their shares in the market. A focus on R&D can provide sophisticated oral syringe technologies that help to fulfil the emerging needs of patients. The growing focus of participants in strategic growth has created the major opportunities for the oral syringe market.
- Increasing Demand for Vaccines: The vaccination process, particularly in children and elderly populations, is being improved through global health initiatives, thus creating a need for efficient delivery systems. Innovation in oral vaccine formulation opens the door to oral syringes, which can deliver precise quantities of dosages. Oral syringes make the administration process easy-an attractive feature for caregivers and healthcare providers. The rising demand for vaccines presents a viable opportunity for the oral syringe market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Oral Syringes 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 Oral Syringes 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
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.
Frequently Asked Questions
Terumo Medical Corporation, Smiths Medical (Smiths Group plc)
,B. Braun Melsungen AG
,BD are the top companies accounting for majority market share
The market for suture anchor is fragmented in nature
The global Oral Syringe is studied from 2021 to 2031.
By Geography , the market is segmented as North America, Europe, Asia-Pacific, South and Central America and Middle East and Africa
Asia Pacific region is the fastest growing CAGR in the market
Increasing prevalence of chronic diseases is the major factor expected to drive the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Oral Syringes Market - By Product Type
1.3.2 Oral Syringes Market - By Material
1.3.3 Oral Syringes Market - By Usage
1.3.4 Oral Syringes Market - By Size
1.3.5 Oral Syringes Market - By End User
1.3.6 Oral Syringes Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ORAL SYRINGES 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. ORAL SYRINGES 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. ORAL SYRINGES MARKET - GLOBAL MARKET ANALYSIS
6.1. ORAL SYRINGES - GLOBAL MARKET OVERVIEW
6.2. ORAL SYRINGES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ORAL SYRINGES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. COLORFUL ORAL SYRINGES
7.3.1. Overview
7.3.2. Colorful Oral Syringes Market Forecast and Analysis
7.4. CLEAR ORAL SYRINGES
7.4.1. Overview
7.4.2. Clear Oral Syringes Market Forecast and Analysis
8. ORAL SYRINGES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. GLASS SYRINGES
8.3.1. Overview
8.3.2. Glass Syringes Market Forecast and Analysis
8.4. PLASTIC SYRINGES
8.4.1. Overview
8.4.2. Plastic Syringes Market Forecast and Analysis
9. ORAL SYRINGES MARKET - REVENUE AND FORECASTS TO 2028 - USAGE
9.1. OVERVIEW
9.2. USAGE MARKET FORECASTS AND ANALYSIS
9.3. DISPOSABLE ORAL SYRINGES
9.3.1. Overview
9.3.2. Disposable Oral Syringes Market Forecast and Analysis
9.4. REUSABLE ORAL SYRINGES
9.4.1. Overview
9.4.2. Reusable Oral Syringes Market Forecast and Analysis
10. ORAL SYRINGES MARKET - REVENUE AND FORECASTS TO 2028 - SIZE
10.1. OVERVIEW
10.2. SIZE MARKET FORECASTS AND ANALYSIS
10.3. 1ML
10.3.1. Overview
10.3.2. 1ml Market Forecast and Analysis
10.4. 25ML
10.4.1. Overview
10.4.2. 25ml Market Forecast and Analysis
10.5. 5ML
10.5.1. Overview
10.5.2. 5ml Market Forecast and Analysis
10.6. 10ML
10.6.1. Overview
10.6.2. 10ml Market Forecast and Analysis
11. ORAL SYRINGES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. HOSPITALS
11.3.1. Overview
11.3.2. Hospitals Market Forecast and Analysis
11.4. CLINICS
11.4.1. Overview
11.4.2. Clinics Market Forecast and Analysis
11.5. HOMECARE SETTINGS
11.5.1. Overview
11.5.2. Homecare Settings Market Forecast and Analysis
12. ORAL SYRINGES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Oral Syringes Market Overview
12.1.2 North America Oral Syringes Market Forecasts and Analysis
12.1.3 North America Oral Syringes Market Forecasts and Analysis - By Product Type
12.1.4 North America Oral Syringes Market Forecasts and Analysis - By Material
12.1.5 North America Oral Syringes Market Forecasts and Analysis - By Usage
12.1.6 North America Oral Syringes Market Forecasts and Analysis - By Size
12.1.7 North America Oral Syringes Market Forecasts and Analysis - By End User
12.1.8 North America Oral Syringes Market Forecasts and Analysis - By Countries
12.1.8.1 United States Oral Syringes Market
12.1.8.1.1 United States Oral Syringes Market by Product Type
12.1.8.1.2 United States Oral Syringes Market by Material
12.1.8.1.3 United States Oral Syringes Market by Usage
12.1.8.1.4 United States Oral Syringes Market by Size
12.1.8.1.5 United States Oral Syringes Market by End User
12.1.8.2 Canada Oral Syringes Market
12.1.8.2.1 Canada Oral Syringes Market by Product Type
12.1.8.2.2 Canada Oral Syringes Market by Material
12.1.8.2.3 Canada Oral Syringes Market by Usage
12.1.8.2.4 Canada Oral Syringes Market by Size
12.1.8.2.5 Canada Oral Syringes Market by End User
12.1.8.3 Mexico Oral Syringes Market
12.1.8.3.1 Mexico Oral Syringes Market by Product Type
12.1.8.3.2 Mexico Oral Syringes Market by Material
12.1.8.3.3 Mexico Oral Syringes Market by Usage
12.1.8.3.4 Mexico Oral Syringes Market by Size
12.1.8.3.5 Mexico Oral Syringes Market by End User
12.2. EUROPE
12.2.1 Europe Oral Syringes Market Overview
12.2.2 Europe Oral Syringes Market Forecasts and Analysis
12.2.3 Europe Oral Syringes Market Forecasts and Analysis - By Product Type
12.2.4 Europe Oral Syringes Market Forecasts and Analysis - By Material
12.2.5 Europe Oral Syringes Market Forecasts and Analysis - By Usage
12.2.6 Europe Oral Syringes Market Forecasts and Analysis - By Size
12.2.7 Europe Oral Syringes Market Forecasts and Analysis - By End User
12.2.8 Europe Oral Syringes Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Oral Syringes Market
12.2.8.1.1 Germany Oral Syringes Market by Product Type
12.2.8.1.2 Germany Oral Syringes Market by Material
12.2.8.1.3 Germany Oral Syringes Market by Usage
12.2.8.1.4 Germany Oral Syringes Market by Size
12.2.8.1.5 Germany Oral Syringes Market by End User
12.2.8.2 France Oral Syringes Market
12.2.8.2.1 France Oral Syringes Market by Product Type
12.2.8.2.2 France Oral Syringes Market by Material
12.2.8.2.3 France Oral Syringes Market by Usage
12.2.8.2.4 France Oral Syringes Market by Size
12.2.8.2.5 France Oral Syringes Market by End User
12.2.8.3 Italy Oral Syringes Market
12.2.8.3.1 Italy Oral Syringes Market by Product Type
12.2.8.3.2 Italy Oral Syringes Market by Material
12.2.8.3.3 Italy Oral Syringes Market by Usage
12.2.8.3.4 Italy Oral Syringes Market by Size
12.2.8.3.5 Italy Oral Syringes Market by End User
12.2.8.4 Spain Oral Syringes Market
12.2.8.4.1 Spain Oral Syringes Market by Product Type
12.2.8.4.2 Spain Oral Syringes Market by Material
12.2.8.4.3 Spain Oral Syringes Market by Usage
12.2.8.4.4 Spain Oral Syringes Market by Size
12.2.8.4.5 Spain Oral Syringes Market by End User
12.2.8.5 United Kingdom Oral Syringes Market
12.2.8.5.1 United Kingdom Oral Syringes Market by Product Type
12.2.8.5.2 United Kingdom Oral Syringes Market by Material
12.2.8.5.3 United Kingdom Oral Syringes Market by Usage
12.2.8.5.4 United Kingdom Oral Syringes Market by Size
12.2.8.5.5 United Kingdom Oral Syringes Market by End User
12.2.8.6 Rest of Europe Oral Syringes Market
12.2.8.6.1 Rest of Europe Oral Syringes Market by Product Type
12.2.8.6.2 Rest of Europe Oral Syringes Market by Material
12.2.8.6.3 Rest of Europe Oral Syringes Market by Usage
12.2.8.6.4 Rest of Europe Oral Syringes Market by Size
12.2.8.6.5 Rest of Europe Oral Syringes Market by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Oral Syringes Market Overview
12.3.2 Asia-Pacific Oral Syringes Market Forecasts and Analysis
12.3.3 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By Product Type
12.3.4 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By Material
12.3.5 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By Usage
12.3.6 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By Size
12.3.7 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Oral Syringes Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Oral Syringes Market
12.3.8.1.1 Australia Oral Syringes Market by Product Type
12.3.8.1.2 Australia Oral Syringes Market by Material
12.3.8.1.3 Australia Oral Syringes Market by Usage
12.3.8.1.4 Australia Oral Syringes Market by Size
12.3.8.1.5 Australia Oral Syringes Market by End User
12.3.8.2 China Oral Syringes Market
12.3.8.2.1 China Oral Syringes Market by Product Type
12.3.8.2.2 China Oral Syringes Market by Material
12.3.8.2.3 China Oral Syringes Market by Usage
12.3.8.2.4 China Oral Syringes Market by Size
12.3.8.2.5 China Oral Syringes Market by End User
12.3.8.3 India Oral Syringes Market
12.3.8.3.1 India Oral Syringes Market by Product Type
12.3.8.3.2 India Oral Syringes Market by Material
12.3.8.3.3 India Oral Syringes Market by Usage
12.3.8.3.4 India Oral Syringes Market by Size
12.3.8.3.5 India Oral Syringes Market by End User
12.3.8.4 Japan Oral Syringes Market
12.3.8.4.1 Japan Oral Syringes Market by Product Type
12.3.8.4.2 Japan Oral Syringes Market by Material
12.3.8.4.3 Japan Oral Syringes Market by Usage
12.3.8.4.4 Japan Oral Syringes Market by Size
12.3.8.4.5 Japan Oral Syringes Market by End User
12.3.8.5 South Korea Oral Syringes Market
12.3.8.5.1 South Korea Oral Syringes Market by Product Type
12.3.8.5.2 South Korea Oral Syringes Market by Material
12.3.8.5.3 South Korea Oral Syringes Market by Usage
12.3.8.5.4 South Korea Oral Syringes Market by Size
12.3.8.5.5 South Korea Oral Syringes Market by End User
12.3.8.6 Rest of Asia-Pacific Oral Syringes Market
12.3.8.6.1 Rest of Asia-Pacific Oral Syringes Market by Product Type
12.3.8.6.2 Rest of Asia-Pacific Oral Syringes Market by Material
12.3.8.6.3 Rest of Asia-Pacific Oral Syringes Market by Usage
12.3.8.6.4 Rest of Asia-Pacific Oral Syringes Market by Size
12.3.8.6.5 Rest of Asia-Pacific Oral Syringes Market by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Oral Syringes Market Overview
12.4.2 Middle East and Africa Oral Syringes Market Forecasts and Analysis
12.4.3 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By Product Type
12.4.4 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By Material
12.4.5 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By Usage
12.4.6 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By Size
12.4.7 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Oral Syringes Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Oral Syringes Market
12.4.8.1.1 South Africa Oral Syringes Market by Product Type
12.4.8.1.2 South Africa Oral Syringes Market by Material
12.4.8.1.3 South Africa Oral Syringes Market by Usage
12.4.8.1.4 South Africa Oral Syringes Market by Size
12.4.8.1.5 South Africa Oral Syringes Market by End User
12.4.8.2 Saudi Arabia Oral Syringes Market
12.4.8.2.1 Saudi Arabia Oral Syringes Market by Product Type
12.4.8.2.2 Saudi Arabia Oral Syringes Market by Material
12.4.8.2.3 Saudi Arabia Oral Syringes Market by Usage
12.4.8.2.4 Saudi Arabia Oral Syringes Market by Size
12.4.8.2.5 Saudi Arabia Oral Syringes Market by End User
12.4.8.3 U.A.E Oral Syringes Market
12.4.8.3.1 U.A.E Oral Syringes Market by Product Type
12.4.8.3.2 U.A.E Oral Syringes Market by Material
12.4.8.3.3 U.A.E Oral Syringes Market by Usage
12.4.8.3.4 U.A.E Oral Syringes Market by Size
12.4.8.3.5 U.A.E Oral Syringes Market by End User
12.4.8.4 Rest of Middle East and Africa Oral Syringes Market
12.4.8.4.1 Rest of Middle East and Africa Oral Syringes Market by Product Type
12.4.8.4.2 Rest of Middle East and Africa Oral Syringes Market by Material
12.4.8.4.3 Rest of Middle East and Africa Oral Syringes Market by Usage
12.4.8.4.4 Rest of Middle East and Africa Oral Syringes Market by Size
12.4.8.4.5 Rest of Middle East and Africa Oral Syringes Market by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Oral Syringes Market Overview
12.5.2 South and Central America Oral Syringes Market Forecasts and Analysis
12.5.3 South and Central America Oral Syringes Market Forecasts and Analysis - By Product Type
12.5.4 South and Central America Oral Syringes Market Forecasts and Analysis - By Material
12.5.5 South and Central America Oral Syringes Market Forecasts and Analysis - By Usage
12.5.6 South and Central America Oral Syringes Market Forecasts and Analysis - By Size
12.5.7 South and Central America Oral Syringes Market Forecasts and Analysis - By End User
12.5.8 South and Central America Oral Syringes Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Oral Syringes Market
12.5.8.1.1 Brazil Oral Syringes Market by Product Type
12.5.8.1.2 Brazil Oral Syringes Market by Material
12.5.8.1.3 Brazil Oral Syringes Market by Usage
12.5.8.1.4 Brazil Oral Syringes Market by Size
12.5.8.1.5 Brazil Oral Syringes Market by End User
12.5.8.2 Argentina Oral Syringes Market
12.5.8.2.1 Argentina Oral Syringes Market by Product Type
12.5.8.2.2 Argentina Oral Syringes Market by Material
12.5.8.2.3 Argentina Oral Syringes Market by Usage
12.5.8.2.4 Argentina Oral Syringes Market by Size
12.5.8.2.5 Argentina Oral Syringes Market by End User
12.5.8.3 Chile Oral Syringes Market
12.5.8.3.1 Chile Oral Syringes Market by Product Type
12.5.8.3.2 Chile Oral Syringes Market by Material
12.5.8.3.3 Chile Oral Syringes Market by Usage
12.5.8.3.4 Chile Oral Syringes Market by Size
12.5.8.3.5 Chile Oral Syringes Market by End User
12.5.8.4 Rest of South and Central America Oral Syringes Market
12.5.8.4.1 Rest of South and Central America Oral Syringes Market by Product Type
12.5.8.4.2 Rest of South and Central America Oral Syringes Market by Material
12.5.8.4.3 Rest of South and Central America Oral Syringes Market by Usage
12.5.8.4.4 Rest of South and Central America Oral Syringes Market by Size
12.5.8.4.5 Rest of South and Central America Oral Syringes Market by End User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ORAL SYRINGES MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. ORAL SYRINGES MARKET, KEY COMPANY PROFILES
15.1. BECTON DICKINSON AND COMPANY
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. BRAUN MELSUNGEN AG
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. MEDTRONIC
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. AMCOR LIMITED
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. SMITHS MEDICAL
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. NIPRO CORPORATION
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. GERRESHEIMER AG
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. TERUMO CORPORATION
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. NEOMED, INC.
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. CARDINAL HEALTH
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
1. Terumo Medical Corporation
2. Smiths Medical (Smiths Group plc)
3. B. Braun Melsungen AG
4. BD
5. Comar LLC
6. Baxter Healthcare Corporation
7. Cardinal Health.
8. Medtronic
9. Gerresheimer AG
10. GBUK Enteral Ltd.
11. Amcor Limited
12. CODAN Medizinische Geräte GmbH & Co KG
13. Hindustan Syringes & Medical Devices Limited
14. Berpu Medical Technology Co., Ltd.
15. Wego Holding Company Limited
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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