PFT Systems Market Insights and Updates by 2031
The PFT Systems Market is expected to register a CAGR of 6.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Complete PFT Systems, Portable PFT Systems); Test Type (Spirometry, Lung Volume, Gas Exchange Testing, Maximal Voluntary Ventilation, Oxygen Titration Test, High Altitude Simulation Testing). Also, the report is segmented based on Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Chronic Shortness of Breath, Restrictive Lung Disease). Further, the report is segmented based on End User (Hospitals and Clinicals, Diagnostics Laboratories). 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 PFT Systems 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.
PFT Systems Market Segmentation
Type- Complete PFT Systems
- Portable PFT Systems
- Spirometry
- Lung Volume
- Gas Exchange Testing
- Maximal Voluntary Ventilation
- Oxygen Titration Test
- High Altitude Simulation Testing
- Chronic Obstructive Pulmonary Disease
- Asthma
- Chronic Shortness of Breath
- Restrictive Lung Disease
- Hospitals and Clinicals
- Diagnostics Laboratories
Strategic Insights
PFT Systems Market Growth Drivers- The Rising Cases of Respiratory Diseases: The rising cases of respiratory diseases, in particular asthma, chronic obstructive pulmonary disorder (COPD), and pulmonary fibrosis, are key factors enhancing the growth of the Pulmonary Function Testing (PFT) systems market. The requirement of advanced pulmonary function testing (PFT) systems that are able to carry out the lung functional tests appropriately continues to rise due to the efforts of the healthcare providers’ aimed at accurate diagnosis and management of these chronic conditions but also do chronic disease control, hence different and even new diagnostic technologies have a wide market.
- Development of Advanced PFT devices: The advances in the PFT technology offer considertion for an improvement in market dynamics for PFT systems that are lightweight and user-friendly. Portable and other activities. In addition, the utility of PFT systems today is influenced by real time data processing, electronic health records (EHR) incorporation and wireless network capabilities. These improvements have enhanced the use of pulmonary function testing in both clinical and home settings particularly in the management and prevention of chronic diseases.
- Increasing Need for Preventive Healthcare and Early Diagnosis: There is more emphasis on preventive health and early diagnosis, particularly of lung infections, which in turn creates a demand for PFT systems. Regular monitoring of lung capacity should begin at an early age with the aim of facilitating the least invasive treatment that hinders the growth of disease while managing costs and boosting the standard of healthcare. Because more of the healthcare systems’ resources and budget are being allocated to preventive care, especially for smokers and the elderly population, PFT systems are also being routinely employed as part of regular screening and management of patients which offers a very large market.
- Home-based pulmonary assessment: Trend Change:
One master trend of the market for Pulmonary Functions Testing (PFT) Systems is the incorporation of home based solutions. There is telemedicine and acceptance of home use portable and easy to use PFT devices more than it was before making it possible for patients to carry out longitudinal lung function tests at home. - Trend of Demand for At-Home and Portable PFT Devices:
The market for portable and at-home PFT devices is witnessing a surge owing to the rising use of telemedicine and remote patient monitoring solutions. There is also an increasing number of patients suffering from chronic respiratory conditions who appreciate how easy it has become to monitor their lungs from the comfort of their houses. In this area, it becomes possible for companies to design and manufacture compact, easy to use, and inexpensive PFT devices which enable care givers to reach out to their patients more actively even when they are not in the clinic. - While Research on Pulmonary Physiology In Children And Older Adults Is Still A Work In
These age groups have PFT device manufacturers who focus on the advances towards parents in the pediatric devices whereas the old age advancements focus on accuracy and user friendly devices for the elderly lung disease patients. There is increasing concern for lung health for these age brackets which gives room for the PFT manufacturing different variations of PFT different solutions for the targeted age brackets.
- Expansion into Untapped Regions:
The PFT systems market has a considerable growth prospect due to the introduction of the Asia-Pacific, Latin American, and African PFT markets. This is mainly arising due to the upsurge in the prevalence of respiratory-related diseases coupled with the enhanced healthcare systems to these regions. Offers solutions that are cheap and culturally relevant to the regions in need of pulmonary diagnostics will be able to assist in filling the growing gap and hence assist the healthcare systems in these regions to provide improved respiratory care and early diagnosis of lung-related diseases. - Adoption of Custom-made Treatment - Personalised Medicine:In this respect, the healthcare sector can enhance pulmonary function tests by adding or other profiling characteristics and thus develop methods of treatment that are much more inclined and precise. The reality of medical care has shifted to personalization, and thereby there is a need to design complex and modern PFT systems that enable implementing and supporting care tailored to each patient and enhancing the final result.
- Combination with Health Monitoring Systems:W wearability of health devices is ever rising, and this trend creates a positive outlook for PFT systems. PFT devices can be integrated with either a wristwatch or fitness center monitoring devices making it possible for lung function to be monitored at all the times. This allows data gathering at any time so as to detect respiratory problems at their early stage before they escalate to severe levels. The use of PFT and available technology of wearables provides great options in dealing with lung diseases in patients providing a chance to penetrate a wider market offering respiratory health solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PFT Systems 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 PFT Systems 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
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
Asia Pacific region is the fastest growing in the market
NOVAIR MEDICAL, Genstar Technologies, INSPITAL Medical Technology GmbH accounted for major market shares in the year 2023
The PFT Systems Market is estimated to witness a CAGR of 6.1% from 2023 to 2031
North America region accounted for the accounted for the highest market share
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 PFT Systems Market - By Type
1.3.2 PFT Systems Market - By Test Type
1.3.3 PFT Systems Market - By Application
1.3.4 PFT Systems Market - By End User
1.3.5 PFT Systems Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PFT SYSTEMS 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. PFT SYSTEMS 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. PFT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. PFT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. PFT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COMPLETE PFT SYSTEMS
7.3.1. Overview
7.3.2. Complete PFT Systems Market Forecast and Analysis
7.4. PORTABLE PFT SYSTEMS
7.4.1. Overview
7.4.2. Portable PFT Systems Market Forecast and Analysis
8. PFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
8.3. SPIROMETRY
8.3.1. Overview
8.3.2. Spirometry Market Forecast and Analysis
8.4. LUNG VOLUME
8.4.1. Overview
8.4.2. Lung Volume Market Forecast and Analysis
8.5. GAS EXCHANGE TESTING
8.5.1. Overview
8.5.2. Gas Exchange Testing Market Forecast and Analysis
8.6. MAXIMAL VOLUNTARY VENTILATION
8.6.1. Overview
8.6.2. Maximal Voluntary Ventilation Market Forecast and Analysis
8.7. OXYGEN TITRATION TEST
8.7.1. Overview
8.7.2. Oxygen Titration Test Market Forecast and Analysis
8.8. HIGH ALTITUDE SIMULATION TESTING
8.8.1. Overview
8.8.2. High Altitude Simulation Testing Market Forecast and Analysis
9. PFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD)
9.3.1. Overview
9.3.2. Chronic Obstructive Pulmonary Disease (COPD) Market Forecast and Analysis
9.4. ASTHMA
9.4.1. Overview
9.4.2. Asthma Market Forecast and Analysis
9.5. CHRONIC SHORTNESS OF BREATH
9.5.1. Overview
9.5.2. Chronic Shortness of Breath Market Forecast and Analysis
9.6. RESTRICTIVE LUNG DISEASE
9.6.1. Overview
9.6.2. Restrictive Lung Disease Market Forecast and Analysis
10. PFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS AND CLINICALS
10.3.1. Overview
10.3.2. Hospitals and Clinicals Market Forecast and Analysis
10.4. DIAGNOSTICS LABORATORIES
10.4.1. Overview
10.4.2. Diagnostics Laboratories Market Forecast and Analysis
11. PFT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America PFT Systems Market Overview
11.1.2 North America PFT Systems Market Forecasts and Analysis
11.1.3 North America PFT Systems Market Forecasts and Analysis - By Type
11.1.4 North America PFT Systems Market Forecasts and Analysis - By Test Type
11.1.5 North America PFT Systems Market Forecasts and Analysis - By Application
11.1.6 North America PFT Systems Market Forecasts and Analysis - By End User
11.1.7 North America PFT Systems Market Forecasts and Analysis - By Countries
11.1.7.1 United States PFT Systems Market
11.1.7.1.1 United States PFT Systems Market by Type
11.1.7.1.2 United States PFT Systems Market by Test Type
11.1.7.1.3 United States PFT Systems Market by Application
11.1.7.1.4 United States PFT Systems Market by End User
11.1.7.2 Canada PFT Systems Market
11.1.7.2.1 Canada PFT Systems Market by Type
11.1.7.2.2 Canada PFT Systems Market by Test Type
11.1.7.2.3 Canada PFT Systems Market by Application
11.1.7.2.4 Canada PFT Systems Market by End User
11.1.7.3 Mexico PFT Systems Market
11.1.7.3.1 Mexico PFT Systems Market by Type
11.1.7.3.2 Mexico PFT Systems Market by Test Type
11.1.7.3.3 Mexico PFT Systems Market by Application
11.1.7.3.4 Mexico PFT Systems Market by End User
11.2. EUROPE
11.2.1 Europe PFT Systems Market Overview
11.2.2 Europe PFT Systems Market Forecasts and Analysis
11.2.3 Europe PFT Systems Market Forecasts and Analysis - By Type
11.2.4 Europe PFT Systems Market Forecasts and Analysis - By Test Type
11.2.5 Europe PFT Systems Market Forecasts and Analysis - By Application
11.2.6 Europe PFT Systems Market Forecasts and Analysis - By End User
11.2.7 Europe PFT Systems Market Forecasts and Analysis - By Countries
11.2.7.1 Germany PFT Systems Market
11.2.7.1.1 Germany PFT Systems Market by Type
11.2.7.1.2 Germany PFT Systems Market by Test Type
11.2.7.1.3 Germany PFT Systems Market by Application
11.2.7.1.4 Germany PFT Systems Market by End User
11.2.7.2 France PFT Systems Market
11.2.7.2.1 France PFT Systems Market by Type
11.2.7.2.2 France PFT Systems Market by Test Type
11.2.7.2.3 France PFT Systems Market by Application
11.2.7.2.4 France PFT Systems Market by End User
11.2.7.3 Italy PFT Systems Market
11.2.7.3.1 Italy PFT Systems Market by Type
11.2.7.3.2 Italy PFT Systems Market by Test Type
11.2.7.3.3 Italy PFT Systems Market by Application
11.2.7.3.4 Italy PFT Systems Market by End User
11.2.7.4 Spain PFT Systems Market
11.2.7.4.1 Spain PFT Systems Market by Type
11.2.7.4.2 Spain PFT Systems Market by Test Type
11.2.7.4.3 Spain PFT Systems Market by Application
11.2.7.4.4 Spain PFT Systems Market by End User
11.2.7.5 United Kingdom PFT Systems Market
11.2.7.5.1 United Kingdom PFT Systems Market by Type
11.2.7.5.2 United Kingdom PFT Systems Market by Test Type
11.2.7.5.3 United Kingdom PFT Systems Market by Application
11.2.7.5.4 United Kingdom PFT Systems Market by End User
11.2.7.6 Rest of Europe PFT Systems Market
11.2.7.6.1 Rest of Europe PFT Systems Market by Type
11.2.7.6.2 Rest of Europe PFT Systems Market by Test Type
11.2.7.6.3 Rest of Europe PFT Systems Market by Application
11.2.7.6.4 Rest of Europe PFT Systems Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific PFT Systems Market Overview
11.3.2 Asia-Pacific PFT Systems Market Forecasts and Analysis
11.3.3 Asia-Pacific PFT Systems Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific PFT Systems Market Forecasts and Analysis - By Test Type
11.3.5 Asia-Pacific PFT Systems Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific PFT Systems Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific PFT Systems Market Forecasts and Analysis - By Countries
11.3.7.1 Australia PFT Systems Market
11.3.7.1.1 Australia PFT Systems Market by Type
11.3.7.1.2 Australia PFT Systems Market by Test Type
11.3.7.1.3 Australia PFT Systems Market by Application
11.3.7.1.4 Australia PFT Systems Market by End User
11.3.7.2 China PFT Systems Market
11.3.7.2.1 China PFT Systems Market by Type
11.3.7.2.2 China PFT Systems Market by Test Type
11.3.7.2.3 China PFT Systems Market by Application
11.3.7.2.4 China PFT Systems Market by End User
11.3.7.3 India PFT Systems Market
11.3.7.3.1 India PFT Systems Market by Type
11.3.7.3.2 India PFT Systems Market by Test Type
11.3.7.3.3 India PFT Systems Market by Application
11.3.7.3.4 India PFT Systems Market by End User
11.3.7.4 Japan PFT Systems Market
11.3.7.4.1 Japan PFT Systems Market by Type
11.3.7.4.2 Japan PFT Systems Market by Test Type
11.3.7.4.3 Japan PFT Systems Market by Application
11.3.7.4.4 Japan PFT Systems Market by End User
11.3.7.5 South Korea PFT Systems Market
11.3.7.5.1 South Korea PFT Systems Market by Type
11.3.7.5.2 South Korea PFT Systems Market by Test Type
11.3.7.5.3 South Korea PFT Systems Market by Application
11.3.7.5.4 South Korea PFT Systems Market by End User
11.3.7.6 Rest of Asia-Pacific PFT Systems Market
11.3.7.6.1 Rest of Asia-Pacific PFT Systems Market by Type
11.3.7.6.2 Rest of Asia-Pacific PFT Systems Market by Test Type
11.3.7.6.3 Rest of Asia-Pacific PFT Systems Market by Application
11.3.7.6.4 Rest of Asia-Pacific PFT Systems Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa PFT Systems Market Overview
11.4.2 Middle East and Africa PFT Systems Market Forecasts and Analysis
11.4.3 Middle East and Africa PFT Systems Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa PFT Systems Market Forecasts and Analysis - By Test Type
11.4.5 Middle East and Africa PFT Systems Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa PFT Systems Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa PFT Systems Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa PFT Systems Market
11.4.7.1.1 South Africa PFT Systems Market by Type
11.4.7.1.2 South Africa PFT Systems Market by Test Type
11.4.7.1.3 South Africa PFT Systems Market by Application
11.4.7.1.4 South Africa PFT Systems Market by End User
11.4.7.2 Saudi Arabia PFT Systems Market
11.4.7.2.1 Saudi Arabia PFT Systems Market by Type
11.4.7.2.2 Saudi Arabia PFT Systems Market by Test Type
11.4.7.2.3 Saudi Arabia PFT Systems Market by Application
11.4.7.2.4 Saudi Arabia PFT Systems Market by End User
11.4.7.3 U.A.E PFT Systems Market
11.4.7.3.1 U.A.E PFT Systems Market by Type
11.4.7.3.2 U.A.E PFT Systems Market by Test Type
11.4.7.3.3 U.A.E PFT Systems Market by Application
11.4.7.3.4 U.A.E PFT Systems Market by End User
11.4.7.4 Rest of Middle East and Africa PFT Systems Market
11.4.7.4.1 Rest of Middle East and Africa PFT Systems Market by Type
11.4.7.4.2 Rest of Middle East and Africa PFT Systems Market by Test Type
11.4.7.4.3 Rest of Middle East and Africa PFT Systems Market by Application
11.4.7.4.4 Rest of Middle East and Africa PFT Systems Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America PFT Systems Market Overview
11.5.2 South and Central America PFT Systems Market Forecasts and Analysis
11.5.3 South and Central America PFT Systems Market Forecasts and Analysis - By Type
11.5.4 South and Central America PFT Systems Market Forecasts and Analysis - By Test Type
11.5.5 South and Central America PFT Systems Market Forecasts and Analysis - By Application
11.5.6 South and Central America PFT Systems Market Forecasts and Analysis - By End User
11.5.7 South and Central America PFT Systems Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil PFT Systems Market
11.5.7.1.1 Brazil PFT Systems Market by Type
11.5.7.1.2 Brazil PFT Systems Market by Test Type
11.5.7.1.3 Brazil PFT Systems Market by Application
11.5.7.1.4 Brazil PFT Systems Market by End User
11.5.7.2 Argentina PFT Systems Market
11.5.7.2.1 Argentina PFT Systems Market by Type
11.5.7.2.2 Argentina PFT Systems Market by Test Type
11.5.7.2.3 Argentina PFT Systems Market by Application
11.5.7.2.4 Argentina PFT Systems Market by End User
11.5.7.3 Rest of South and Central America PFT Systems Market
11.5.7.3.1 Rest of South and Central America PFT Systems Market by Type
11.5.7.3.2 Rest of South and Central America PFT Systems Market by Test Type
11.5.7.3.3 Rest of South and Central America PFT Systems Market by Application
11.5.7.3.4 Rest of South and Central America PFT Systems Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PFT SYSTEMS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Rest of the World
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. PFT SYSTEMS MARKET, KEY COMPANY PROFILES
14.1. CAREFUSION(BD)
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. SCHILLER
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. CHEST M.I., INC.
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. COSMED
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. NSPIRE HEALTH
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. MGC DIAGNOSTICS
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. NDD MEDICAL TECHNOLOGIES
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. MORGAN SCIENTIFIC
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. MPR ITALY
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. THORASYS
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. CareFusion (BD)
2. Schiller.
3. CHEST M.I., Inc.
4. COSMED
5. nSpire Health
6. MGC Diagnostics
7. ndd Medical Technologies
8. Morgan Scientific
9. MPR Italy
10. Thorasys
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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