Surgical Site Infection Control Market 2031 - Size, Share
The Surgical Site Infection Control Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Manual Reprocessors Solution, Disinfectants, Surgical Scrubs, Hair Clippers, Surgical Drapes, Surgical Irrigation, Skin Preparation Solution, Medical Nonwovens, Surgical Gloves, and Others), Surgery (Cataract Surgery, Cesarean Surgery, Dental Restoration, Gastric Bypass, and Others), Type (Superficial Incisional SSI, Deep Incision SSI, and Organ or Space SSI). The report further presents analysis based on the End User (Hospitals and Ambulatory Surgical Centers). 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 Surgical Site Infection Control 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.
Surgical Site Infection Control Market Segmentation
Product- Manual Reprocessors Solution
- Disinfectants
- Surgical Scrubs
- Hair Clippers
- Surgical Drapes
- Surgical Irrigation
- Skin Preparation Solution
- Medical Nonwovens
- Surgical Gloves
- Others
- Cataract Surgery
- Cesarean Surgery
- Dental Restoration
- Gastric Bypass
- Others
- Type
- Hospitals and Ambulatory Surgical Centers
Strategic Insights
Surgical Site Infection Control Market Growth Drivers- Increasing Surgical Procedures:
The number of surgical procedures is rising all over the world, which has, in turn, increased the scale of the SSI control market. The higher number of surgical procedures increases the risk of infections, and healthcare facilities have to invest in proper infection prevention products and protocols so as to minimize postoperative complications and ensure patient safety. - Growing Awareness of Infection Control:
There is rapidly growing awareness of the importance of infection control in healthcare establishments. This growing awareness improves infection control capabilities, increasing the demand for effective infection control technologies.
Enhanced knowledge among healthcare providers and patients about the importance of such infections enhances demand for infection control measures. Health organization guidelines and educational programs emphasize the prevention of SSIs, forcing hospitals to implement more sophisticated sterilization methods and monitoring systems to enhance the outcomes for patients. - Regulatory Standards and Compliance:
This market is driven by stringent regulations and accreditation standards for infection control in healthcare organizations. Hospitals and other healthcare institutions have to comply with standard protocols in order to avoid penalties; as a result, they are investing in surgical site infection control products, such as antiseptics, barriers, and monitoring technologies, to meet compliance standards.
- Advancements in Antiseptic Products:
The development of new antiseptic agents and formulations is one of the most important trends that can be seen in the surgical site infection control market. Innovation toward a higher efficacy against a much broader spectrum of pathogens, to include antibiotic-resistant bacteria, is gaining increasing momentum thus offering health-care professionals the tools with which to prevent infections more effectively. - Use of Technology:
Increasing adoption of technology is transforming the practice of controlling SSI, such as digital monitoring systems and automated cleaning solutions. Real-time analytics coupled with predictive algorithms will help health facilities detect potential infection risks and take anticipatory measures before it can be out of hand and allow easy infection control procedures. - Patient-Centered Care:
The increasing focus on patient-centered care is increasingly becoming the driving force behind the changing the surgical site infection control market. A larger drive for enhanced recognition of patients towards risk of infection and preventive measures can also facilitate a better alliance between healthcare providers and patients towards greater safety and satisfaction before and during the surgical procedure.
- Increasing Emerging Markets:
Rapid economic growth of emerging markets is one of the main opportunities for the surgical site infection control market. Rising healthcare infrastructure will improve the awareness about preventing infections and thus increase the demand for effective control products of SSI, giving new ways to manufacturers to reach new markets. - Emerging Advances in Materials:
This comprises new material technologies, such as antimicrobial coatings and infection-resistant materials for surgical instruments, drapes, and gowns. In these materials, advances enable companies which can focus upon the very newest solutions to compete through improved protection from infections. - Collaborative Initiatives:
Various collaborations between healthcare providers, manufacturers, and regulatory bodies can strengthen SSI prevention strategies. Agreed research, best practice, training programs, and research studies would result in certain standard protocols and improve infection control in general for surgical environments and promote a culture of safety.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Surgical Site Infection Control 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 Surgical Site Infection Control Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The surgical site infection control market is estimated to grow with a CAGR of 5.2% from 2023 to 2031
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The surgical site infection control market majorly consists of players such bioMerieux SA, Getinge Group, Kimberly-Clark Corporation among others
Innovative antiseptic solutions is likely to remain the key trend during the forecast period
The market drivers include the rising surgical procedures, growing awareness of infection control, regulatory standards and compliance are driving the surgical site infection control market
North America dominated the surgical site infection control market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Surgical Site Infection Control Market - By Product
1.3.2 Surgical Site Infection Control Market - By Surgery
1.3.3 Surgical Site Infection Control Market - By Type
1.3.4 Surgical Site Infection Control Market - By End User
1.3.5 Surgical Site Infection Control Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SURGICAL SITE INFECTION CONTROL 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. SURGICAL SITE INFECTION CONTROL 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SURGICAL SITE INFECTION CONTROL MARKET - GLOBAL MARKET ANALYSIS
6.1. SURGICAL SITE INFECTION CONTROL - GLOBAL MARKET OVERVIEW
6.2. SURGICAL SITE INFECTION CONTROL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SURGICAL SITE INFECTION CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MANUAL REPROCESSORS SOLUTION
7.3.1. Overview
7.3.2. Manual Reprocessors Solution Market Forecast and Analysis
7.4. DISINFECTANTS
7.4.1. Overview
7.4.2. Disinfectants Market Forecast and Analysis
7.5. SURGICAL SCRUBS
7.5.1. Overview
7.5.2. Surgical Scrubs Market Forecast and Analysis
7.6. HAIR CLIPPERS
7.6.1. Overview
7.6.2. Hair Clippers Market Forecast and Analysis
7.7. SURGICAL DRAPES
7.7.1. Overview
7.7.2. Surgical Drapes Market Forecast and Analysis
7.8. SURGICAL IRRIGATION
7.8.1. Overview
7.8.2. Surgical Irrigation Market Forecast and Analysis
7.9. SKIN PREPARATION SOLUTION
7.9.1. Overview
7.9.2. Skin Preparation Solution Market Forecast and Analysis
7.10. MEDICAL NONWOVENS
7.10.1. Overview
7.10.2. Medical Nonwovens Market Forecast and Analysis
7.11. SURGICAL GLOVES
7.11.1. Overview
7.11.2. Surgical Gloves Market Forecast and Analysis
7.12. OTHERS
7.12.1. Overview
7.12.2. Others Market Forecast and Analysis
8. SURGICAL SITE INFECTION CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - SURGERY
8.1. OVERVIEW
8.2. SURGERY MARKET FORECASTS AND ANALYSIS
8.3. CATARACT SURGERY
8.3.1. Overview
8.3.2. Cataract Surgery Market Forecast and Analysis
8.4. CESAREAN SURGERY
8.4.1. Overview
8.4.2. Cesarean Surgery Market Forecast and Analysis
8.5. DENTAL RESTORATION
8.5.1. Overview
8.5.2. Dental Restoration Market Forecast and Analysis
8.6. GASTRIC BYPASS
8.6.1. Overview
8.6.2. Gastric Bypass Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SURGICAL SITE INFECTION CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. SUPERFICIAL INCISIONAL SSI
9.3.1. Overview
9.3.2. Superficial Incisional SSI Market Forecast and Analysis
9.4. DEEP INCISION SSI
9.4.1. Overview
9.4.2. Deep Incision SSI Market Forecast and Analysis
9.5. ORGAN OR SPACE SSI
9.5.1. Overview
9.5.2. Organ or Space SSI Market Forecast and Analysis
10. SURGICAL SITE INFECTION CONTROL 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. AMBULATORY SURGICAL CENTERS.
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers. Market Forecast and Analysis
11. SURGICAL SITE INFECTION CONTROL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Surgical Site Infection Control Market Overview
11.1.2 North America Surgical Site Infection Control Market Forecasts and Analysis
11.1.3 North America Surgical Site Infection Control Market Forecasts and Analysis - By Product
11.1.4 North America Surgical Site Infection Control Market Forecasts and Analysis - By Surgery
11.1.5 North America Surgical Site Infection Control Market Forecasts and Analysis - By Type
11.1.6 North America Surgical Site Infection Control Market Forecasts and Analysis - By End User
11.1.7 North America Surgical Site Infection Control Market Forecasts and Analysis - By Countries
11.1.7.1 United States Surgical Site Infection Control Market
11.1.7.1.1 United States Surgical Site Infection Control Market by Product
11.1.7.1.2 United States Surgical Site Infection Control Market by Surgery
11.1.7.1.3 United States Surgical Site Infection Control Market by Type
11.1.7.1.4 United States Surgical Site Infection Control Market by End User
11.1.7.2 Canada Surgical Site Infection Control Market
11.1.7.2.1 Canada Surgical Site Infection Control Market by Product
11.1.7.2.2 Canada Surgical Site Infection Control Market by Surgery
11.1.7.2.3 Canada Surgical Site Infection Control Market by Type
11.1.7.2.4 Canada Surgical Site Infection Control Market by End User
11.1.7.3 Mexico Surgical Site Infection Control Market
11.1.7.3.1 Mexico Surgical Site Infection Control Market by Product
11.1.7.3.2 Mexico Surgical Site Infection Control Market by Surgery
11.1.7.3.3 Mexico Surgical Site Infection Control Market by Type
11.1.7.3.4 Mexico Surgical Site Infection Control Market by End User
11.1.7.4 US Surgical Site Infection Control Market
11.1.7.4.1 US Surgical Site Infection Control Market by Product
11.1.7.4.2 US Surgical Site Infection Control Market by Surgery
11.1.7.4.3 US Surgical Site Infection Control Market by Type
11.1.7.4.4 US Surgical Site Infection Control Market by End User
11.2. EUROPE
11.2.1 Europe Surgical Site Infection Control Market Overview
11.2.2 Europe Surgical Site Infection Control Market Forecasts and Analysis
11.2.3 Europe Surgical Site Infection Control Market Forecasts and Analysis - By Product
11.2.4 Europe Surgical Site Infection Control Market Forecasts and Analysis - By Surgery
11.2.5 Europe Surgical Site Infection Control Market Forecasts and Analysis - By Type
11.2.6 Europe Surgical Site Infection Control Market Forecasts and Analysis - By End User
11.2.7 Europe Surgical Site Infection Control Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Surgical Site Infection Control Market
11.2.7.1.1 Germany Surgical Site Infection Control Market by Product
11.2.7.1.2 Germany Surgical Site Infection Control Market by Surgery
11.2.7.1.3 Germany Surgical Site Infection Control Market by Type
11.2.7.1.4 Germany Surgical Site Infection Control Market by End User
11.2.7.2 France Surgical Site Infection Control Market
11.2.7.2.1 France Surgical Site Infection Control Market by Product
11.2.7.2.2 France Surgical Site Infection Control Market by Surgery
11.2.7.2.3 France Surgical Site Infection Control Market by Type
11.2.7.2.4 France Surgical Site Infection Control Market by End User
11.2.7.3 Italy Surgical Site Infection Control Market
11.2.7.3.1 Italy Surgical Site Infection Control Market by Product
11.2.7.3.2 Italy Surgical Site Infection Control Market by Surgery
11.2.7.3.3 Italy Surgical Site Infection Control Market by Type
11.2.7.3.4 Italy Surgical Site Infection Control Market by End User
11.2.7.4 Spain Surgical Site Infection Control Market
11.2.7.4.1 Spain Surgical Site Infection Control Market by Product
11.2.7.4.2 Spain Surgical Site Infection Control Market by Surgery
11.2.7.4.3 Spain Surgical Site Infection Control Market by Type
11.2.7.4.4 Spain Surgical Site Infection Control Market by End User
11.2.7.5 United Kingdom Surgical Site Infection Control Market
11.2.7.5.1 United Kingdom Surgical Site Infection Control Market by Product
11.2.7.5.2 United Kingdom Surgical Site Infection Control Market by Surgery
11.2.7.5.3 United Kingdom Surgical Site Infection Control Market by Type
11.2.7.5.4 United Kingdom Surgical Site Infection Control Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Surgical Site Infection Control Market Overview
11.3.2 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis
11.3.3 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis - By Surgery
11.3.5 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis - By Type
11.3.6 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Surgical Site Infection Control Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Surgical Site Infection Control Market
11.3.7.1.1 Australia Surgical Site Infection Control Market by Product
11.3.7.1.2 Australia Surgical Site Infection Control Market by Surgery
11.3.7.1.3 Australia Surgical Site Infection Control Market by Type
11.3.7.1.4 Australia Surgical Site Infection Control Market by End User
11.3.7.2 China Surgical Site Infection Control Market
11.3.7.2.1 China Surgical Site Infection Control Market by Product
11.3.7.2.2 China Surgical Site Infection Control Market by Surgery
11.3.7.2.3 China Surgical Site Infection Control Market by Type
11.3.7.2.4 China Surgical Site Infection Control Market by End User
11.3.7.3 India Surgical Site Infection Control Market
11.3.7.3.1 India Surgical Site Infection Control Market by Product
11.3.7.3.2 India Surgical Site Infection Control Market by Surgery
11.3.7.3.3 India Surgical Site Infection Control Market by Type
11.3.7.3.4 India Surgical Site Infection Control Market by End User
11.3.7.4 Japan Surgical Site Infection Control Market
11.3.7.4.1 Japan Surgical Site Infection Control Market by Product
11.3.7.4.2 Japan Surgical Site Infection Control Market by Surgery
11.3.7.4.3 Japan Surgical Site Infection Control Market by Type
11.3.7.4.4 Japan Surgical Site Infection Control Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Surgical Site Infection Control Market Overview
11.4.2 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis
11.4.3 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis - By Surgery
11.4.5 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis - By Type
11.4.6 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Surgical Site Infection Control Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Surgical Site Infection Control Market
11.4.7.1.1 South Africa Surgical Site Infection Control Market by Product
11.4.7.1.2 South Africa Surgical Site Infection Control Market by Surgery
11.4.7.1.3 South Africa Surgical Site Infection Control Market by Type
11.4.7.1.4 South Africa Surgical Site Infection Control Market by End User
11.4.7.2 Saudi Arabia Surgical Site Infection Control Market
11.4.7.2.1 Saudi Arabia Surgical Site Infection Control Market by Product
11.4.7.2.2 Saudi Arabia Surgical Site Infection Control Market by Surgery
11.4.7.2.3 Saudi Arabia Surgical Site Infection Control Market by Type
11.4.7.2.4 Saudi Arabia Surgical Site Infection Control Market by End User
11.4.7.3 U.A.E Surgical Site Infection Control Market
11.4.7.3.1 U.A.E Surgical Site Infection Control Market by Product
11.4.7.3.2 U.A.E Surgical Site Infection Control Market by Surgery
11.4.7.3.3 U.A.E Surgical Site Infection Control Market by Type
11.4.7.3.4 U.A.E Surgical Site Infection Control Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Surgical Site Infection Control Market Overview
11.5.2 South and Central America Surgical Site Infection Control Market Forecasts and Analysis
11.5.3 South and Central America Surgical Site Infection Control Market Forecasts and Analysis - By Product
11.5.4 South and Central America Surgical Site Infection Control Market Forecasts and Analysis - By Surgery
11.5.5 South and Central America Surgical Site Infection Control Market Forecasts and Analysis - By Type
11.5.6 South and Central America Surgical Site Infection Control Market Forecasts and Analysis - By End User
11.5.7 South and Central America Surgical Site Infection Control Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Surgical Site Infection Control Market
11.5.7.1.1 Brazil Surgical Site Infection Control Market by Product
11.5.7.1.2 Brazil Surgical Site Infection Control Market by Surgery
11.5.7.1.3 Brazil Surgical Site Infection Control Market by Type
11.5.7.1.4 Brazil Surgical Site Infection Control Market by End User
11.5.7.2 Argentina Surgical Site Infection Control Market
11.5.7.2.1 Argentina Surgical Site Infection Control Market by Product
11.5.7.2.2 Argentina Surgical Site Infection Control Market by Surgery
11.5.7.2.3 Argentina Surgical Site Infection Control Market by Type
11.5.7.2.4 Argentina Surgical Site Infection Control Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SURGICAL SITE INFECTION CONTROL MARKET, KEY COMPANY PROFILES
13.1. 3M
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BELIMED AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BIOMERIEUX SA
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GETINGE GROUP
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. KIMBERLY-CLARK CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SOTERA HEALTH
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ANSELL LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. STERIS CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. LAC-MAC LIMITED
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. PACON MANUFACTURING CORP.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
- 3M
- Belimed AG
- bioMerieux SA
- Getinge Group
- Kimberly-Clark Corporation
- Sotera Health
- Ansell Limited
- Steris Corporation
- Lac-Mac Limited
- Pacon Manufacturing Corp.
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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