Pneumonia Testing Market Growth Report 2021-2031
The Pneumonia Testing Market is expected to register a CAGR of 6.90% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Pneumonia Testing Market is categorized by method into Immunodiagnostics, Molecular Diagnostics, and Point of Care (POC) Testing. It also breaks down by technology, i.e., Enzyme-linked Immunosorbent Assay (ELISA), Immunofluorescence, Western Blot, Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), and Others, and type, including Analyzers and Consumables. Projections up to 2031 provide insights into how pneumonia testing innovations impact productivity and customer satisfaction. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Pneumonia Testing 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.
Pneumonia Testing Market Segmentation
Method- Immunodiagnostics
- Molecular Diagnostics
- Point of Care Testing
- Enzyme-linked Immunosorbent Assay
- Immunofluorescence
- Western Blot
- Polymerase Chain Reaction
- Immunohistochemistry
- Others
- Analyzers
- Consumables
- Hospitals
- Diagnostic Laboratories
- Homecare
- Others
- Hospitals
- Diagnostic Laboratories
- Homecare
- Others
Strategic Insights
Pneumonia Testing Market Growth Drivers- Rising Pneumonia Case: Pneumonia still remains at the top of the leading causes of death worldwide, mostly in younger children, elderly individuals, or those whose immunity system is badly affected. Increasing incidence of cases in the world is driven by major factors like respiratory infections and air pollution along with seasonal epidemics, and it greatly demands highly efficient testing methods for pneumonia.
- Advances in Molecular Diagnostics: Molecular diagnostic technologies, such as PCR (Polymerase Chain Reaction) and next-generation sequencing, provide very accurate and fast results for the identification of pathogens causing pneumonia. This is gradually replacing the traditional culture-based methods, thereby allowing earlier diagnosis and more effective treatment.
- Growing Healthcare Awareness: Healthcare awareness is increasing about pneumonia and early detection and diagnosis, and hence demand for diagnostics. More so in developing countries, this awareness is driving the market to spend more money on the new diagnostic tools.
- Point-of-Care Testing: The point-of-care (POC) trend is spreading in the pneumonia testing industry. Small, portable test kits are helping doctors diagnose pneumonia accurately and quickly in a distant or resource-poor environment.
- Integration of Molecular Diagnostics: The increasing use of molecular diagnostic tests (PCR and next generation sequencing) are increasing the sensitivity and specificity of the pneumonia tests. This is broadening the test palette.
- Development in Digital Health Products: Digital health products incorporating pneumonia testing in the digital health records (EHRs) and telemedicine are trending. These devices help to diagnose faster and better manage patients in places that are hard to reach.
- Growth in Emerging Markets: The demand for pneumonia testing products would expand in emerging economies as the healthcare system is increasing and infectious diseases are on the rise. This is a huge market opportunity.
- Development of Rapid Testing Products: There is ample time for businesses to develop quick, accurate and affordable testing products for pneumonia. In quick turnaround times, effective patient care leaves very little time and so this brings huge opportunity in the developed as well as emerging market.
- New Preoccupation with Antibiotic Resistance: Pneumonia from antibiotic resistant bacteria is on the rise. Resistance markers offer a possibility for new diagnostic tests to prescribe better treatment programmes and ultimately benefit patients.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pneumonia Testing 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 Pneumonia Testing 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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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are- Thermo Fisher Scientific Inc., Abbott., F-Hoffmann la Roche Ltd., Hologic Inc., bioMerieux SA, BD, Bio-Rad Laboratories Inc., OpGen., Quest Diagnostics Incorporated, Quidel,
Key trends in the market include shift to molecular diagnostic tools, integration of point-of-care testing, and rising demand for rapid testing solutions.
The market is expected to register a CAGR of 6.90% during 2023-2031.
Some of the key drivers include increase in pneumonia cases, advancements in diagnostic technologies, and rising healthcare awareness.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pneumonia Testing Market - By Method
1.3.2 Pneumonia Testing Market - By Technology
1.3.3 Pneumonia Testing Market - By Type
1.3.4 Pneumonia Testing Market - By End User
1.3.5 Pneumonia Testing Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PNEUMONIA TESTING 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. PNEUMONIA TESTING 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. PNEUMONIA TESTING MARKET - GLOBAL MARKET ANALYSIS
6.1. PNEUMONIA TESTING - GLOBAL MARKET OVERVIEW
6.2. PNEUMONIA TESTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PNEUMONIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - METHOD
7.1. OVERVIEW
7.2. METHOD MARKET FORECASTS AND ANALYSIS
7.3. IMMUNODIAGNOSTICS
7.3.1. Overview
7.3.2. Immunodiagnostics Market Forecast and Analysis
7.4. MOLECULAR DIAGNOSTICS
7.4.1. Overview
7.4.2. Molecular Diagnostics Market Forecast and Analysis
7.5. POINT OF CARE (POC) TESTING
7.5.1. Overview
7.5.2. Point of Care (POC) Testing Market Forecast and Analysis
8. PNEUMONIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ENZYME-LINKED IMMUNOSORBENT ASSAY (ELISA)
8.3.1. Overview
8.3.2. Enzyme-linked Immunosorbent Assay (ELISA) Market Forecast and Analysis
8.4. IMMUNOFLUORESCENCE
8.4.1. Overview
8.4.2. Immunofluorescence Market Forecast and Analysis
8.5. WESTERN BLOT
8.5.1. Overview
8.5.2. Western Blot Market Forecast and Analysis
8.6. POLYMERASE CHAIN REACTION (PCR)
8.6.1. Overview
8.6.2. Polymerase Chain Reaction (PCR) Market Forecast and Analysis
8.7. IMMUNOHISTOCHEMISTRY (IHC)
8.7.1. Overview
8.7.2. Immunohistochemistry (IHC) Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PNEUMONIA TESTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. ANALYZERS
9.3.1. Overview
9.3.2. Analyzers Market Forecast and Analysis
9.4. CONSUMABLES
9.4.1. Overview
9.4.2. Consumables Market Forecast and Analysis
10. PNEUMONIA TESTING 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. DIAGNOSTIC LABORATORIES
10.4.1. Overview
10.4.2. Diagnostic Laboratories Market Forecast and Analysis
10.5. HOMECARE
10.5.1. Overview
10.5.2. Homecare Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. PNEUMONIA TESTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Pneumonia Testing Market Overview
11.1.2 North America Pneumonia Testing Market Forecasts and Analysis
11.1.3 North America Pneumonia Testing Market Forecasts and Analysis - By Method
11.1.4 North America Pneumonia Testing Market Forecasts and Analysis - By Technology
11.1.5 North America Pneumonia Testing Market Forecasts and Analysis - By Type
11.1.6 North America Pneumonia Testing Market Forecasts and Analysis - By End User
11.1.7 North America Pneumonia Testing Market Forecasts and Analysis - By Countries
11.1.7.1 United States Pneumonia Testing Market
11.1.7.1.1 United States Pneumonia Testing Market by Method
11.1.7.1.2 United States Pneumonia Testing Market by Technology
11.1.7.1.3 United States Pneumonia Testing Market by Type
11.1.7.1.4 United States Pneumonia Testing Market by End User
11.1.7.2 Canada Pneumonia Testing Market
11.1.7.2.1 Canada Pneumonia Testing Market by Method
11.1.7.2.2 Canada Pneumonia Testing Market by Technology
11.1.7.2.3 Canada Pneumonia Testing Market by Type
11.1.7.2.4 Canada Pneumonia Testing Market by End User
11.1.7.3 Mexico Pneumonia Testing Market
11.1.7.3.1 Mexico Pneumonia Testing Market by Method
11.1.7.3.2 Mexico Pneumonia Testing Market by Technology
11.1.7.3.3 Mexico Pneumonia Testing Market by Type
11.1.7.3.4 Mexico Pneumonia Testing Market by End User
11.2. EUROPE
11.2.1 Europe Pneumonia Testing Market Overview
11.2.2 Europe Pneumonia Testing Market Forecasts and Analysis
11.2.3 Europe Pneumonia Testing Market Forecasts and Analysis - By Method
11.2.4 Europe Pneumonia Testing Market Forecasts and Analysis - By Technology
11.2.5 Europe Pneumonia Testing Market Forecasts and Analysis - By Type
11.2.6 Europe Pneumonia Testing Market Forecasts and Analysis - By End User
11.2.7 Europe Pneumonia Testing Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Pneumonia Testing Market
11.2.7.1.1 Germany Pneumonia Testing Market by Method
11.2.7.1.2 Germany Pneumonia Testing Market by Technology
11.2.7.1.3 Germany Pneumonia Testing Market by Type
11.2.7.1.4 Germany Pneumonia Testing Market by End User
11.2.7.2 France Pneumonia Testing Market
11.2.7.2.1 France Pneumonia Testing Market by Method
11.2.7.2.2 France Pneumonia Testing Market by Technology
11.2.7.2.3 France Pneumonia Testing Market by Type
11.2.7.2.4 France Pneumonia Testing Market by End User
11.2.7.3 Italy Pneumonia Testing Market
11.2.7.3.1 Italy Pneumonia Testing Market by Method
11.2.7.3.2 Italy Pneumonia Testing Market by Technology
11.2.7.3.3 Italy Pneumonia Testing Market by Type
11.2.7.3.4 Italy Pneumonia Testing Market by End User
11.2.7.4 Spain Pneumonia Testing Market
11.2.7.4.1 Spain Pneumonia Testing Market by Method
11.2.7.4.2 Spain Pneumonia Testing Market by Technology
11.2.7.4.3 Spain Pneumonia Testing Market by Type
11.2.7.4.4 Spain Pneumonia Testing Market by End User
11.2.7.5 United Kingdom Pneumonia Testing Market
11.2.7.5.1 United Kingdom Pneumonia Testing Market by Method
11.2.7.5.2 United Kingdom Pneumonia Testing Market by Technology
11.2.7.5.3 United Kingdom Pneumonia Testing Market by Type
11.2.7.5.4 United Kingdom Pneumonia Testing Market by End User
11.2.7.6 Rest of Europe Pneumonia Testing Market
11.2.7.6.1 Rest of Europe Pneumonia Testing Market by Method
11.2.7.6.2 Rest of Europe Pneumonia Testing Market by Technology
11.2.7.6.3 Rest of Europe Pneumonia Testing Market by Type
11.2.7.6.4 Rest of Europe Pneumonia Testing Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Pneumonia Testing Market Overview
11.3.2 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis
11.3.3 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis - By Method
11.3.4 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis - By Type
11.3.6 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Pneumonia Testing Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Pneumonia Testing Market
11.3.7.1.1 Australia Pneumonia Testing Market by Method
11.3.7.1.2 Australia Pneumonia Testing Market by Technology
11.3.7.1.3 Australia Pneumonia Testing Market by Type
11.3.7.1.4 Australia Pneumonia Testing Market by End User
11.3.7.2 China Pneumonia Testing Market
11.3.7.2.1 China Pneumonia Testing Market by Method
11.3.7.2.2 China Pneumonia Testing Market by Technology
11.3.7.2.3 China Pneumonia Testing Market by Type
11.3.7.2.4 China Pneumonia Testing Market by End User
11.3.7.3 India Pneumonia Testing Market
11.3.7.3.1 India Pneumonia Testing Market by Method
11.3.7.3.2 India Pneumonia Testing Market by Technology
11.3.7.3.3 India Pneumonia Testing Market by Type
11.3.7.3.4 India Pneumonia Testing Market by End User
11.3.7.4 Japan Pneumonia Testing Market
11.3.7.4.1 Japan Pneumonia Testing Market by Method
11.3.7.4.2 Japan Pneumonia Testing Market by Technology
11.3.7.4.3 Japan Pneumonia Testing Market by Type
11.3.7.4.4 Japan Pneumonia Testing Market by End User
11.3.7.5 South Korea Pneumonia Testing Market
11.3.7.5.1 South Korea Pneumonia Testing Market by Method
11.3.7.5.2 South Korea Pneumonia Testing Market by Technology
11.3.7.5.3 South Korea Pneumonia Testing Market by Type
11.3.7.5.4 South Korea Pneumonia Testing Market by End User
11.3.7.6 Rest of Asia-Pacific Pneumonia Testing Market
11.3.7.6.1 Rest of Asia-Pacific Pneumonia Testing Market by Method
11.3.7.6.2 Rest of Asia-Pacific Pneumonia Testing Market by Technology
11.3.7.6.3 Rest of Asia-Pacific Pneumonia Testing Market by Type
11.3.7.6.4 Rest of Asia-Pacific Pneumonia Testing Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Pneumonia Testing Market Overview
11.4.2 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis
11.4.3 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis - By Method
11.4.4 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis - By Type
11.4.6 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Pneumonia Testing Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Pneumonia Testing Market
11.4.7.1.1 South Africa Pneumonia Testing Market by Method
11.4.7.1.2 South Africa Pneumonia Testing Market by Technology
11.4.7.1.3 South Africa Pneumonia Testing Market by Type
11.4.7.1.4 South Africa Pneumonia Testing Market by End User
11.4.7.2 Saudi Arabia Pneumonia Testing Market
11.4.7.2.1 Saudi Arabia Pneumonia Testing Market by Method
11.4.7.2.2 Saudi Arabia Pneumonia Testing Market by Technology
11.4.7.2.3 Saudi Arabia Pneumonia Testing Market by Type
11.4.7.2.4 Saudi Arabia Pneumonia Testing Market by End User
11.4.7.3 U.A.E Pneumonia Testing Market
11.4.7.3.1 U.A.E Pneumonia Testing Market by Method
11.4.7.3.2 U.A.E Pneumonia Testing Market by Technology
11.4.7.3.3 U.A.E Pneumonia Testing Market by Type
11.4.7.3.4 U.A.E Pneumonia Testing Market by End User
11.4.7.4 Rest of Middle East and Africa Pneumonia Testing Market
11.4.7.4.1 Rest of Middle East and Africa Pneumonia Testing Market by Method
11.4.7.4.2 Rest of Middle East and Africa Pneumonia Testing Market by Technology
11.4.7.4.3 Rest of Middle East and Africa Pneumonia Testing Market by Type
11.4.7.4.4 Rest of Middle East and Africa Pneumonia Testing Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Pneumonia Testing Market Overview
11.5.2 South and Central America Pneumonia Testing Market Forecasts and Analysis
11.5.3 South and Central America Pneumonia Testing Market Forecasts and Analysis - By Method
11.5.4 South and Central America Pneumonia Testing Market Forecasts and Analysis - By Technology
11.5.5 South and Central America Pneumonia Testing Market Forecasts and Analysis - By Type
11.5.6 South and Central America Pneumonia Testing Market Forecasts and Analysis - By End User
11.5.7 South and Central America Pneumonia Testing Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Pneumonia Testing Market
11.5.7.1.1 Brazil Pneumonia Testing Market by Method
11.5.7.1.2 Brazil Pneumonia Testing Market by Technology
11.5.7.1.3 Brazil Pneumonia Testing Market by Type
11.5.7.1.4 Brazil Pneumonia Testing Market by End User
11.5.7.2 Argentina Pneumonia Testing Market
11.5.7.2.1 Argentina Pneumonia Testing Market by Method
11.5.7.2.2 Argentina Pneumonia Testing Market by Technology
11.5.7.2.3 Argentina Pneumonia Testing Market by Type
11.5.7.2.4 Argentina Pneumonia Testing Market by End User
11.5.7.3 Rest of South and Central America Pneumonia Testing Market
11.5.7.3.1 Rest of South and Central America Pneumonia Testing Market by Method
11.5.7.3.2 Rest of South and Central America Pneumonia Testing Market by Technology
11.5.7.3.3 Rest of South and Central America Pneumonia Testing Market by Type
11.5.7.3.4 Rest of South and Central America Pneumonia Testing Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PNEUMONIA TESTING 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. PNEUMONIA TESTING MARKET, KEY COMPANY PROFILES
14.1. THERMO FISHER SCIENTIFIC 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. ABBOTT.
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. F-HOFFMANN LA ROCHE LTD.
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. HOLOGIC INC.
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. BIOM
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. BD
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. BIO-RAD LABORATORIES INC.
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. OPGEN.
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. QUEST DIAGNOSTICS INCORPORATED
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. QUIDEL.
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. Thermo Fisher Scientific Inc.
2. Abbott.
3. F-Hoffmann la Roche Ltd.
4. Hologic Inc.
5. bioMerieux SA
6. BD
7. Bio-Rad Laboratories Inc.
8. OpGen.
9. Quest Diagnostics Incorporated
10. Quidel.
11. Meridian Biosciences
12. Quest Diagnostics
13. AdvanDx
14. Beckman Coulter
15. Cepheid
16. Concile
17. Diamedix
18. DiaSorin
19. Fast-track Diagnostics
20. SeraCare
21. Trinity Biotech
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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