Syringes and Needles Market Key Companies, Supply, Demand, and SWOT Analysis by 2031

Coverage: Syringes and Needles Market covers analysis By Type (Blood Collection, Ophthalmic, Bone marrow, Catheter); Application (General Surgery, Diagnostic, Orthopedic, Others); Usage (Reusable, Disposable); End User (Hospitals, Clinics, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00016819
  • Category : Life Sciences
  • No. of Pages : 150
Buy Now

Syringes and Needles Market Growth Report 2021 to 2031

Buy Now

The Syringes and Needles Market is expected to register a CAGR of 6.3% 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 Type (Blood Collection, Ophthalmic, Bone marrow, Catheter); Application (General Surgery, Diagnostic, Orthopedic, Others); Usage (Reusable, Disposable); End User (Hospitals, Clinics, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Syringes and Needles 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.

Syringes and Needles Market Segmentation

Type
  • Blood Collection
  • Ophthalmic
  • Bone marrow
  • Catheter
Application
  • General Surgery
  • Diagnostic
  • Orthopedic
  • Others
Usage
  • Reusable
  • Disposable
End User
  • Hospitals
  • Clinics
  • Others
End User
  • Hospitals
  • Clinics
  • Others

Strategic Insights

Syringes and Needles Market Growth Drivers
  • Growth in Chronic Disease Management: The rising cases of chronic diseases like diabetes, cancer, autoimmune diseases among others is a prominent factor influencing growth in the market for syringes and needles. These conditions mostly implicate the use of regular injections for insulin therapy, biologicals treatment, and other management options. With the requirement for many people to undergo injections at home or within the hospital, the need for quality syringes and needles as well as their supply continues to increase hence their growth.
  • Advancements in Injectable Medications: The syringes and needles market is also driven due to the rapid upsurge of injectable biologics, vaccines, and gene therapies. Novel medicines that have emerged in the fields of oncology, immunology, and some branches of medicine that deal with individual characteristics of a patient usually call for elaborate and tailored injection devices. Therefore, there is an intense need for syringes and needles which can carry these risky applications to the patients quite effectively, thus enhancing their marketing opportunities.
  • Increase in Self-Injection and Home Healthcare: As patients continue to take charge of their health at home, especially diabetics, or those who have to deal with rheumatoid arthritis, there is a growing need for self-injection syringes and needles. More so, the shift among many towards home treatment has also treated the need and supply of home use syringes and needles as a growth and product development strategy.
Syringes and Needles Market Future Trends
  • Needle-Free Injection Systems: In the recent trends pertaining to the Market for Syringes and Needles, it is needle-free injection systems that are gaining popularity. The device employs some high-pressure technology to administer the required medication through the skin, but the traditional needle does not exist in this scenario. This is becoming increasingly popular due to the ability to decrease anxiety associated with needles and provide more comfort to the patients while at the same time eliminate any needle-stick injuries.
  • Smart Syringes and Needles: The rise of smart syringes and needles is transforming the market because the development and launch of such products has been made possible with the advent of digital technology. Such devices are equipped with small sensors that are capable of recording the injection data, drug administration volume, and in cases of mistakes notifying patients or healthcare specialists. In the current on-going changes in healthcare, which is fast becoming data-centric, there is an increase in demand for easy to use and less cutaneous connected injection devices for improved safety as well as patient compliance.
  • Sustainable and Eco-Friendly Syringe Solutions: In view of the escalating issues on global warming and pollution, the syringes and needles market is making a turn to more green and manageable solutions. Producers are inventing syringes and needles that are made of recyclable materials and also those that are biodegradable. This trend answers to the growing consumers and regulators’ thirst for green solutions in healthcare which calls for new ways in product design and waste management of products.
Syringes and Needles Market Opportunities
  • Expansion in Biopharmaceuticals and Gene Therapies: The biopharmaceutical and gene therapy markets are highly likely to create a significant growth potential for the markets under syringes and needle. The more intricate nature of biologics and vaccines along with the increasing number of therapies to be delivered through injection for gene therapy applications will increase the demand for special syringes and needles. The applications of the advanced treatment, in particular, can open up completely new types of solutions in the form of high precision injection devices.
  • Adoption of Home Healthcare and Self-Administration: The self-injection needles for chronic diseases management are going to be in great demand in relation to the growing market for home healthcare. This is due to the fact that some patients will be nursing home bedridden and others will be on self-care who will be injected with slim pens for self-administration. At this, companies can explore this area by providing suitable alternatives for home injection use.
  • Growing Demand for Pre-Filled Syringes: Pre-filled syringes are widely accepted owing to their ease of use, dosing accuracy and lower chances of contamination in this era. Due to the fact that patients are more inclined in using convenient ready to use solutions, which in turn allows manufactures to increase the range of products including ready to use prefilled syringe for biologics and vaccine. This growth trend is true for all industries as the organised healthcare delivery systems seek to enhance their operational efficiencies while providing quality and safe care to patients, leading to an increase in the growth of prefilled syringes.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Syringes and Needles 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 Syringes and Needles 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
World Geography

Have a question?

Analyst

Mrinal

Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which region higesh CAGR the syringes and needles market in 2023?

Asia Pacific region dominated the syringes and needles market in 2023

Which segment accounts for highest revenue in type segment of the syringes and needles market in 2023?

The blood collection segment accounts for highest revenue in type sgement in 2023

Which are some of the major players operating in the market?

Albert David Ltd, DeRoyal ,Terumo Corporation ,B. Braun Melsungen AG ,Connecticut Hypodermics Inc ,Insulet ,Septodont ,Medtronic ,BD ,Smiths Medical are some of the major market players operating in the market

Which region dominated the syringes and needles market in 2023?

North America region dominated the syringes and needles market in 2023

What is the expected CAGR of the Syringes and Needles Market ?

The Syringes and Needles Market is estimated to witness a CAGR of 6.3% from 2023 to 2031

What are the driving factors impacting the syringes and needles market?

The major factors driving the syringes and needles market are:

1.Growth in Chronic Disease Management

2.Advancements in Injectable Medications

3. Increase in Self-Injection and Home Healthcare

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Syringes And Needles Market - By Type
1.3.2 Syringes And Needles Market - By Application
1.3.3 Syringes And Needles Market - By Usage
1.3.4 Syringes And Needles Market - By End User
1.3.5 Syringes And Needles Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SYRINGES AND NEEDLES 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. SYRINGES AND NEEDLES 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. SYRINGES AND NEEDLES MARKET - GLOBAL MARKET ANALYSIS
6.1. SYRINGES AND NEEDLES - GLOBAL MARKET OVERVIEW
6.2. SYRINGES AND NEEDLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SYRINGES AND NEEDLES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BLOOD COLLECTION
7.3.1. Overview
7.3.2. Blood Collection Market Forecast and Analysis
7.4. OPHTHALMIC
7.4.1. Overview
7.4.2. Ophthalmic Market Forecast and Analysis
7.5. BONE MARROW
7.5.1. Overview
7.5.2. Bone marrow Market Forecast and Analysis
7.6. CATHETER
7.6.1. Overview
7.6.2. Catheter Market Forecast and Analysis
8. SYRINGES AND NEEDLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GENERAL SURGERY
8.3.1. Overview
8.3.2. General Surgery Market Forecast and Analysis
8.4. DIAGNOSTIC
8.4.1. Overview
8.4.2. Diagnostic Market Forecast and Analysis
8.5. ORTHOPEDIC
8.5.1. Overview
8.5.2. Orthopedic Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SYRINGES AND NEEDLES MARKET - REVENUE AND FORECASTS TO 2028 - USAGE
9.1. OVERVIEW
9.2. USAGE MARKET FORECASTS AND ANALYSIS
9.3. REUSABLE
9.3.1. Overview
9.3.2. Reusable Market Forecast and Analysis
9.4. DISPOSABLE
9.4.1. Overview
9.4.2. Disposable Market Forecast and Analysis
10. SYRINGES AND NEEDLES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. CLINICS
10.4.1. Overview
10.4.2. Clinics Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis

11. SYRINGES AND NEEDLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Syringes And Needles Market Overview
11.1.2 North America Syringes And Needles Market Forecasts and Analysis
11.1.3 North America Syringes And Needles Market Forecasts and Analysis - By Type
11.1.4 North America Syringes And Needles Market Forecasts and Analysis - By Application
11.1.5 North America Syringes And Needles Market Forecasts and Analysis - By Usage
11.1.6 North America Syringes And Needles Market Forecasts and Analysis - By End User
11.1.7 North America Syringes And Needles Market Forecasts and Analysis - By Countries
11.1.7.1 United States Syringes And Needles Market
11.1.7.1.1 United States Syringes And Needles Market by Type
11.1.7.1.2 United States Syringes And Needles Market by Application
11.1.7.1.3 United States Syringes And Needles Market by Usage
11.1.7.1.4 United States Syringes And Needles Market by End User
11.1.7.2 Canada Syringes And Needles Market
11.1.7.2.1 Canada Syringes And Needles Market by Type
11.1.7.2.2 Canada Syringes And Needles Market by Application
11.1.7.2.3 Canada Syringes And Needles Market by Usage
11.1.7.2.4 Canada Syringes And Needles Market by End User
11.1.7.3 Mexico Syringes And Needles Market
11.1.7.3.1 Mexico Syringes And Needles Market by Type
11.1.7.3.2 Mexico Syringes And Needles Market by Application
11.1.7.3.3 Mexico Syringes And Needles Market by Usage
11.1.7.3.4 Mexico Syringes And Needles Market by End User
11.2. EUROPE
11.2.1 Europe Syringes And Needles Market Overview
11.2.2 Europe Syringes And Needles Market Forecasts and Analysis
11.2.3 Europe Syringes And Needles Market Forecasts and Analysis - By Type
11.2.4 Europe Syringes And Needles Market Forecasts and Analysis - By Application
11.2.5 Europe Syringes And Needles Market Forecasts and Analysis - By Usage
11.2.6 Europe Syringes And Needles Market Forecasts and Analysis - By End User
11.2.7 Europe Syringes And Needles Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Syringes And Needles Market
11.2.7.1.1 Germany Syringes And Needles Market by Type
11.2.7.1.2 Germany Syringes And Needles Market by Application
11.2.7.1.3 Germany Syringes And Needles Market by Usage
11.2.7.1.4 Germany Syringes And Needles Market by End User
11.2.7.2 France Syringes And Needles Market
11.2.7.2.1 France Syringes And Needles Market by Type
11.2.7.2.2 France Syringes And Needles Market by Application
11.2.7.2.3 France Syringes And Needles Market by Usage
11.2.7.2.4 France Syringes And Needles Market by End User
11.2.7.3 Italy Syringes And Needles Market
11.2.7.3.1 Italy Syringes And Needles Market by Type
11.2.7.3.2 Italy Syringes And Needles Market by Application
11.2.7.3.3 Italy Syringes And Needles Market by Usage
11.2.7.3.4 Italy Syringes And Needles Market by End User
11.2.7.4 Spain Syringes And Needles Market
11.2.7.4.1 Spain Syringes And Needles Market by Type
11.2.7.4.2 Spain Syringes And Needles Market by Application
11.2.7.4.3 Spain Syringes And Needles Market by Usage
11.2.7.4.4 Spain Syringes And Needles Market by End User
11.2.7.5 United Kingdom Syringes And Needles Market
11.2.7.5.1 United Kingdom Syringes And Needles Market by Type
11.2.7.5.2 United Kingdom Syringes And Needles Market by Application
11.2.7.5.3 United Kingdom Syringes And Needles Market by Usage
11.2.7.5.4 United Kingdom Syringes And Needles Market by End User
11.2.7.6 Rest of Europe Syringes And Needles Market
11.2.7.6.1 Rest of Europe Syringes And Needles Market by Type
11.2.7.6.2 Rest of Europe Syringes And Needles Market by Application
11.2.7.6.3 Rest of Europe Syringes And Needles Market by Usage
11.2.7.6.4 Rest of Europe Syringes And Needles Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Syringes And Needles Market Overview
11.3.2 Asia-Pacific Syringes And Needles Market Forecasts and Analysis
11.3.3 Asia-Pacific Syringes And Needles Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Syringes And Needles Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Syringes And Needles Market Forecasts and Analysis - By Usage
11.3.6 Asia-Pacific Syringes And Needles Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Syringes And Needles Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Syringes And Needles Market
11.3.7.1.1 Australia Syringes And Needles Market by Type
11.3.7.1.2 Australia Syringes And Needles Market by Application
11.3.7.1.3 Australia Syringes And Needles Market by Usage
11.3.7.1.4 Australia Syringes And Needles Market by End User
11.3.7.2 China Syringes And Needles Market
11.3.7.2.1 China Syringes And Needles Market by Type
11.3.7.2.2 China Syringes And Needles Market by Application
11.3.7.2.3 China Syringes And Needles Market by Usage
11.3.7.2.4 China Syringes And Needles Market by End User
11.3.7.3 India Syringes And Needles Market
11.3.7.3.1 India Syringes And Needles Market by Type
11.3.7.3.2 India Syringes And Needles Market by Application
11.3.7.3.3 India Syringes And Needles Market by Usage
11.3.7.3.4 India Syringes And Needles Market by End User
11.3.7.4 Japan Syringes And Needles Market
11.3.7.4.1 Japan Syringes And Needles Market by Type
11.3.7.4.2 Japan Syringes And Needles Market by Application
11.3.7.4.3 Japan Syringes And Needles Market by Usage
11.3.7.4.4 Japan Syringes And Needles Market by End User
11.3.7.5 South Korea Syringes And Needles Market
11.3.7.5.1 South Korea Syringes And Needles Market by Type
11.3.7.5.2 South Korea Syringes And Needles Market by Application
11.3.7.5.3 South Korea Syringes And Needles Market by Usage
11.3.7.5.4 South Korea Syringes And Needles Market by End User
11.3.7.6 Rest of Asia-Pacific Syringes And Needles Market
11.3.7.6.1 Rest of Asia-Pacific Syringes And Needles Market by Type
11.3.7.6.2 Rest of Asia-Pacific Syringes And Needles Market by Application
11.3.7.6.3 Rest of Asia-Pacific Syringes And Needles Market by Usage
11.3.7.6.4 Rest of Asia-Pacific Syringes And Needles Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Syringes And Needles Market Overview
11.4.2 Middle East and Africa Syringes And Needles Market Forecasts and Analysis
11.4.3 Middle East and Africa Syringes And Needles Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Syringes And Needles Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Syringes And Needles Market Forecasts and Analysis - By Usage
11.4.6 Middle East and Africa Syringes And Needles Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Syringes And Needles Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Syringes And Needles Market
11.4.7.1.1 South Africa Syringes And Needles Market by Type
11.4.7.1.2 South Africa Syringes And Needles Market by Application
11.4.7.1.3 South Africa Syringes And Needles Market by Usage
11.4.7.1.4 South Africa Syringes And Needles Market by End User
11.4.7.2 Saudi Arabia Syringes And Needles Market
11.4.7.2.1 Saudi Arabia Syringes And Needles Market by Type
11.4.7.2.2 Saudi Arabia Syringes And Needles Market by Application
11.4.7.2.3 Saudi Arabia Syringes And Needles Market by Usage
11.4.7.2.4 Saudi Arabia Syringes And Needles Market by End User
11.4.7.3 U.A.E Syringes And Needles Market
11.4.7.3.1 U.A.E Syringes And Needles Market by Type
11.4.7.3.2 U.A.E Syringes And Needles Market by Application
11.4.7.3.3 U.A.E Syringes And Needles Market by Usage
11.4.7.3.4 U.A.E Syringes And Needles Market by End User
11.4.7.4 Rest of Middle East and Africa Syringes And Needles Market
11.4.7.4.1 Rest of Middle East and Africa Syringes And Needles Market by Type
11.4.7.4.2 Rest of Middle East and Africa Syringes And Needles Market by Application
11.4.7.4.3 Rest of Middle East and Africa Syringes And Needles Market by Usage
11.4.7.4.4 Rest of Middle East and Africa Syringes And Needles Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Syringes And Needles Market Overview
11.5.2 South and Central America Syringes And Needles Market Forecasts and Analysis
11.5.3 South and Central America Syringes And Needles Market Forecasts and Analysis - By Type
11.5.4 South and Central America Syringes And Needles Market Forecasts and Analysis - By Application
11.5.5 South and Central America Syringes And Needles Market Forecasts and Analysis - By Usage
11.5.6 South and Central America Syringes And Needles Market Forecasts and Analysis - By End User
11.5.7 South and Central America Syringes And Needles Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Syringes And Needles Market
11.5.7.1.1 Brazil Syringes And Needles Market by Type
11.5.7.1.2 Brazil Syringes And Needles Market by Application
11.5.7.1.3 Brazil Syringes And Needles Market by Usage
11.5.7.1.4 Brazil Syringes And Needles Market by End User
11.5.7.2 Argentina Syringes And Needles Market
11.5.7.2.1 Argentina Syringes And Needles Market by Type
11.5.7.2.2 Argentina Syringes And Needles Market by Application
11.5.7.2.3 Argentina Syringes And Needles Market by Usage
11.5.7.2.4 Argentina Syringes And Needles Market by End User
11.5.7.3 Rest of South and Central America Syringes And Needles Market
11.5.7.3.1 Rest of South and Central America Syringes And Needles Market by Type
11.5.7.3.2 Rest of South and Central America Syringes And Needles Market by Application
11.5.7.3.3 Rest of South and Central America Syringes And Needles Market by Usage
11.5.7.3.4 Rest of South and Central America Syringes And Needles 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. SYRINGES AND NEEDLES MARKET, KEY COMPANY PROFILES
13.1. ALBERT DAVID LTD
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. DEROYAL
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. B. BRAUN MELSUNGEN AG
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. TERUMO CORPORATION
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. CONNECTICUT HYPODERMICS INC
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. INSULET
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. SEPTODONT
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. MEDTRONIC
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. BD
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. CARDINAL HEALTH
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
13.11. SMITHS MEDICAL
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. Albert David Ltd
2. DeRoyal
3. B. Braun Melsungen AG
4. Terumo Corporation
5. Connecticut Hypodermics Inc
6. Insulet
7. Septodont
8. Medtronic
9. BD
10. Cardinal Health
11. Smiths Medical

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Life Sciences : READ MORE..