Vacuum Therapy Devices Market Forecast and Scope - 2031
The Vacuum Therapy Devices Market is expected to register a CAGR of 3.3% 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 Portability (Portable Vacuum therapy devices, Non-portable Vacuum therapy devices); Technology (Manual, Electrically Powered); Application (Chronic wounds, Diabetic foot ulcers, Erectile dysfunction, Traumatic wounds, Surgical Procedures, Others); End-user (Hospitals and Clinics, Ambulatory Surgery center, 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 ReportThe report Vacuum Therapy Devices 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.
Vacuum Therapy Devices Market Segmentation
Portability- Portable Vacuum therapy devices
- Non-portable Vacuum therapy devices
- Manual
- Electrically Powered
- Chronic wounds
- Diabetic foot ulcers
- Erectile dysfunction
- Traumatic wounds
- Surgical Procedures
- Others
- Hospitals and Clinics
- Ambulatory Surgery center
- Others
- Hospitals and Clinics
- Ambulatory Surgery center
- Others
Strategic Insights
Vacuum Therapy Devices Market Growth Drivers- Increasing Awareness Regarding Non-Invasive Therapy: Rising requirements for the treatments increase the vacuum therapy devices to market demand. Because they increase blood flow then tissue recoveries and muscle recovery can be done through methods that do not resort to surgery, these devices attract patients who are looking for alternatives to surgery. On the flip side, the increasing number of health professionals is drawn into using vacuum therapy because of its non-invasive characteristic.
- Increasing Prevalence of Chronic Wounds: Though the market is driven primarily by the increasing incidence of chronic wounds, such as diabetic foot ulcers and pressure sores, there is also considerable demand for vacuum therapy devices in examples with accelerating wound healing in controlled environments to tissue growth and infection prevention through it. Such devices are likely to benefit from a large matured population with a rising condition of diabetes and the escalation of availability of modern wound care solutions.
- Advancements in Vacuum Therapy Technology: Vacuum therapy advancements give rise to increasing market growth. The latest devices are more portable and easier to use, and in addition, are better for patient convenience and faster recovery time. New features such as real-time monitoring and custom configurations complement the effects of vacuum therapy while making the procedure more preferable for treating the conditions.
- Increase in Home Healthcare Use: There has been a marked trend towards use in the home with the introduction of new vacuum therapy devices. Most patients require treatment to be as convenient as possible and outside of hospital locations; such innovations, including portable non-invasive vacuum therapy, should proliferate. Healing continues at home, cuts down on hospital visits, and hastens the recovery process. Growth in this area is replicated in homecare.
- Growth in Cosmetic and Aesthetic Applications: Vacuum therapy is becoming popular in aesthetic treatments, including body shaping and skin healing. The rising trend of non-invasive aesthetic procedures opens a new domain of use for vacuum therapy devices besides caring for wounds. These devices also gain popularity in developing nations for better blood flow, reduction of cellulite, and enhanced appearance of the skin, thus boosting their demand in the cosmetic and wellness industries.
- Rising Prevalence of Chronic Wound: The escalating mortalities in chronic diseases like diabetes and peripheral artery disease are potential openings for vacuum therapy devices for chronic wound care. VAC therapy comprises the effective management of difficult-to-heal wounds leading to rapid recovery. The increasing consumer demand for advanced wound care makes room for vacuum therapy devices.
- Increased Home Healthcare Solutions: Home healthcare is another area of interest for vacuum therapy devices. With patients preferring to stay home for treatment rather than seeking hospital attention, home-based and, beneficially, transportable and user-friendly vacuum therapy devices emerge as attractive devices. Being small and easy-to-use creates an opportunity for manufacturers to develop such technologies for home-based therapy so patients receive care outside the healthcare facility.
- Increased Adoption in Aesthetic and Rehabilitation Fields: The vacuum therapy devices acquire the interest very much in the aesthetic and rehabilitation markets. The high demand for noninvasive body treatment such as cellulite removal and muscle recovery shall also open doors for the producers to step into the segment. Specialized cosmetic devices and those oriented towards rehabilitation should also cater to the increasing need for noninvasive broad-spectrum structures.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vacuum Therapy Devices 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 Vacuum Therapy Devices 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
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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
- 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is expected to grow at a CAGR of 3.3%
Increased Demand in Medical Emergencies is the major factors boosting the Vacuum Therapy Devices Market growth
The North America region accounts for highest revenue share Vacuum Therapy Devices Market ?
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
Molnlycke Health Care AB, 3M (Acelity LP Inc.), Coloplast Corp., Augustam Medical Systems, Vacurect, Smith and Nephew PLC are the major companies operating in the Vacuum Therapy Devices Market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vacuum Therapy Devices Market - By Portability
1.3.2 Vacuum Therapy Devices Market - By Technology
1.3.3 Vacuum Therapy Devices Market - By Application
1.3.4 Vacuum Therapy Devices Market - By End-user
1.3.5 Vacuum Therapy Devices Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VACUUM THERAPY DEVICES 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. VACUUM THERAPY DEVICES 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. VACUUM THERAPY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. VACUUM THERAPY DEVICES - GLOBAL MARKET OVERVIEW
6.2. VACUUM THERAPY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. VACUUM THERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PORTABILITY
7.1. OVERVIEW
7.2. PORTABILITY MARKET FORECASTS AND ANALYSIS
7.3. PORTABLE VACUUM THERAPY DEVICES
7.3.1. Overview
7.3.2. Portable Vacuum therapy devices Market Forecast and Analysis
7.4. NON-PORTABLE VACUUM THERAPY DEVICES
7.4.1. Overview
7.4.2. Non-portable Vacuum therapy devices Market Forecast and Analysis
8. VACUUM THERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. MANUAL
8.3.1. Overview
8.3.2. Manual Market Forecast and Analysis
8.4. ELECTRICALLY POWERED
8.4.1. Overview
8.4.2. Electrically Powered Market Forecast and Analysis
9. VACUUM THERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CHRONIC WOUNDS
9.3.1. Overview
9.3.2. Chronic wounds Market Forecast and Analysis
9.4. DIABETIC FOOT ULCERS
9.4.1. Overview
9.4.2. Diabetic foot ulcers Market Forecast and Analysis
9.5. ERECTILE DYSFUNCTION
9.5.1. Overview
9.5.2. Erectile dysfunction Market Forecast and Analysis
9.6. TRAUMATIC WOUNDS
9.6.1. Overview
9.6.2. Traumatic wounds Market Forecast and Analysis
9.7. SURGICAL PROCEDURES
9.7.1. Overview
9.7.2. Surgical Procedures Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. VACUUM THERAPY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS AND CLINICS
10.3.1. Overview
10.3.2. Hospitals and Clinics Market Forecast and Analysis
10.4. AMBULATORY SURGERY CENTER
10.4.1. Overview
10.4.2. Ambulatory Surgery center Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. VACUUM THERAPY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Vacuum Therapy Devices Market Overview
11.1.2 North America Vacuum Therapy Devices Market Forecasts and Analysis
11.1.3 North America Vacuum Therapy Devices Market Forecasts and Analysis - By Portability
11.1.4 North America Vacuum Therapy Devices Market Forecasts and Analysis - By Technology
11.1.5 North America Vacuum Therapy Devices Market Forecasts and Analysis - By Application
11.1.6 North America Vacuum Therapy Devices Market Forecasts and Analysis - By End-user
11.1.7 North America Vacuum Therapy Devices Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Vacuum Therapy Devices Market
11.1.7.1.1 Canada Vacuum Therapy Devices Market by Portability
11.1.7.1.2 Canada Vacuum Therapy Devices Market by Technology
11.1.7.1.3 Canada Vacuum Therapy Devices Market by Application
11.1.7.1.4 Canada Vacuum Therapy Devices Market by End-user
11.1.7.2 Mexico Vacuum Therapy Devices Market
11.1.7.2.1 Mexico Vacuum Therapy Devices Market by Portability
11.1.7.2.2 Mexico Vacuum Therapy Devices Market by Technology
11.1.7.2.3 Mexico Vacuum Therapy Devices Market by Application
11.1.7.2.4 Mexico Vacuum Therapy Devices Market by End-user
11.1.7.3 US Vacuum Therapy Devices Market
11.1.7.3.1 US Vacuum Therapy Devices Market by Portability
11.1.7.3.2 US Vacuum Therapy Devices Market by Technology
11.1.7.3.3 US Vacuum Therapy Devices Market by Application
11.1.7.3.4 US Vacuum Therapy Devices Market by End-user
11.2. EUROPE
11.2.1 Europe Vacuum Therapy Devices Market Overview
11.2.2 Europe Vacuum Therapy Devices Market Forecasts and Analysis
11.2.3 Europe Vacuum Therapy Devices Market Forecasts and Analysis - By Portability
11.2.4 Europe Vacuum Therapy Devices Market Forecasts and Analysis - By Technology
11.2.5 Europe Vacuum Therapy Devices Market Forecasts and Analysis - By Application
11.2.6 Europe Vacuum Therapy Devices Market Forecasts and Analysis - By End-user
11.2.7 Europe Vacuum Therapy Devices Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Vacuum Therapy Devices Market
11.2.7.1.1 Germany Vacuum Therapy Devices Market by Portability
11.2.7.1.2 Germany Vacuum Therapy Devices Market by Technology
11.2.7.1.3 Germany Vacuum Therapy Devices Market by Application
11.2.7.1.4 Germany Vacuum Therapy Devices Market by End-user
11.2.7.2 France Vacuum Therapy Devices Market
11.2.7.2.1 France Vacuum Therapy Devices Market by Portability
11.2.7.2.2 France Vacuum Therapy Devices Market by Technology
11.2.7.2.3 France Vacuum Therapy Devices Market by Application
11.2.7.2.4 France Vacuum Therapy Devices Market by End-user
11.2.7.3 Italy Vacuum Therapy Devices Market
11.2.7.3.1 Italy Vacuum Therapy Devices Market by Portability
11.2.7.3.2 Italy Vacuum Therapy Devices Market by Technology
11.2.7.3.3 Italy Vacuum Therapy Devices Market by Application
11.2.7.3.4 Italy Vacuum Therapy Devices Market by End-user
11.2.7.4 Spain Vacuum Therapy Devices Market
11.2.7.4.1 Spain Vacuum Therapy Devices Market by Portability
11.2.7.4.2 Spain Vacuum Therapy Devices Market by Technology
11.2.7.4.3 Spain Vacuum Therapy Devices Market by Application
11.2.7.4.4 Spain Vacuum Therapy Devices Market by End-user
11.2.7.5 United Kingdom Vacuum Therapy Devices Market
11.2.7.5.1 United Kingdom Vacuum Therapy Devices Market by Portability
11.2.7.5.2 United Kingdom Vacuum Therapy Devices Market by Technology
11.2.7.5.3 United Kingdom Vacuum Therapy Devices Market by Application
11.2.7.5.4 United Kingdom Vacuum Therapy Devices Market by End-user
11.2.7.6 Rest of Europe Vacuum Therapy Devices Market
11.2.7.6.1 Rest of Europe Vacuum Therapy Devices Market by Portability
11.2.7.6.2 Rest of Europe Vacuum Therapy Devices Market by Technology
11.2.7.6.3 Rest of Europe Vacuum Therapy Devices Market by Application
11.2.7.6.4 Rest of Europe Vacuum Therapy Devices Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Vacuum Therapy Devices Market Overview
11.3.2 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis
11.3.3 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis - By Portability
11.3.4 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Vacuum Therapy Devices Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Vacuum Therapy Devices Market
11.3.7.1.1 Australia Vacuum Therapy Devices Market by Portability
11.3.7.1.2 Australia Vacuum Therapy Devices Market by Technology
11.3.7.1.3 Australia Vacuum Therapy Devices Market by Application
11.3.7.1.4 Australia Vacuum Therapy Devices Market by End-user
11.3.7.2 China Vacuum Therapy Devices Market
11.3.7.2.1 China Vacuum Therapy Devices Market by Portability
11.3.7.2.2 China Vacuum Therapy Devices Market by Technology
11.3.7.2.3 China Vacuum Therapy Devices Market by Application
11.3.7.2.4 China Vacuum Therapy Devices Market by End-user
11.3.7.3 India Vacuum Therapy Devices Market
11.3.7.3.1 India Vacuum Therapy Devices Market by Portability
11.3.7.3.2 India Vacuum Therapy Devices Market by Technology
11.3.7.3.3 India Vacuum Therapy Devices Market by Application
11.3.7.3.4 India Vacuum Therapy Devices Market by End-user
11.3.7.4 Japan Vacuum Therapy Devices Market
11.3.7.4.1 Japan Vacuum Therapy Devices Market by Portability
11.3.7.4.2 Japan Vacuum Therapy Devices Market by Technology
11.3.7.4.3 Japan Vacuum Therapy Devices Market by Application
11.3.7.4.4 Japan Vacuum Therapy Devices Market by End-user
11.3.7.5 South Korea Vacuum Therapy Devices Market
11.3.7.5.1 South Korea Vacuum Therapy Devices Market by Portability
11.3.7.5.2 South Korea Vacuum Therapy Devices Market by Technology
11.3.7.5.3 South Korea Vacuum Therapy Devices Market by Application
11.3.7.5.4 South Korea Vacuum Therapy Devices Market by End-user
11.3.7.6 Rest of Asia-Pacific Vacuum Therapy Devices Market
11.3.7.6.1 Rest of Asia-Pacific Vacuum Therapy Devices Market by Portability
11.3.7.6.2 Rest of Asia-Pacific Vacuum Therapy Devices Market by Technology
11.3.7.6.3 Rest of Asia-Pacific Vacuum Therapy Devices Market by Application
11.3.7.6.4 Rest of Asia-Pacific Vacuum Therapy Devices Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Vacuum Therapy Devices Market Overview
11.4.2 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis
11.4.3 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis - By Portability
11.4.4 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Vacuum Therapy Devices Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Vacuum Therapy Devices Market
11.4.7.1.1 South Africa Vacuum Therapy Devices Market by Portability
11.4.7.1.2 South Africa Vacuum Therapy Devices Market by Technology
11.4.7.1.3 South Africa Vacuum Therapy Devices Market by Application
11.4.7.1.4 South Africa Vacuum Therapy Devices Market by End-user
11.4.7.2 Saudi Arabia Vacuum Therapy Devices Market
11.4.7.2.1 Saudi Arabia Vacuum Therapy Devices Market by Portability
11.4.7.2.2 Saudi Arabia Vacuum Therapy Devices Market by Technology
11.4.7.2.3 Saudi Arabia Vacuum Therapy Devices Market by Application
11.4.7.2.4 Saudi Arabia Vacuum Therapy Devices Market by End-user
11.4.7.3 U.A.E Vacuum Therapy Devices Market
11.4.7.3.1 U.A.E Vacuum Therapy Devices Market by Portability
11.4.7.3.2 U.A.E Vacuum Therapy Devices Market by Technology
11.4.7.3.3 U.A.E Vacuum Therapy Devices Market by Application
11.4.7.3.4 U.A.E Vacuum Therapy Devices Market by End-user
11.4.7.4 Rest of Middle East and Africa Vacuum Therapy Devices Market
11.4.7.4.1 Rest of Middle East and Africa Vacuum Therapy Devices Market by Portability
11.4.7.4.2 Rest of Middle East and Africa Vacuum Therapy Devices Market by Technology
11.4.7.4.3 Rest of Middle East and Africa Vacuum Therapy Devices Market by Application
11.4.7.4.4 Rest of Middle East and Africa Vacuum Therapy Devices Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Vacuum Therapy Devices Market Overview
11.5.2 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis
11.5.3 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis - By Portability
11.5.4 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis - By Technology
11.5.5 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis - By Application
11.5.6 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Vacuum Therapy Devices Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Vacuum Therapy Devices Market
11.5.7.1.1 Brazil Vacuum Therapy Devices Market by Portability
11.5.7.1.2 Brazil Vacuum Therapy Devices Market by Technology
11.5.7.1.3 Brazil Vacuum Therapy Devices Market by Application
11.5.7.1.4 Brazil Vacuum Therapy Devices Market by End-user
11.5.7.2 Argentina Vacuum Therapy Devices Market
11.5.7.2.1 Argentina Vacuum Therapy Devices Market by Portability
11.5.7.2.2 Argentina Vacuum Therapy Devices Market by Technology
11.5.7.2.3 Argentina Vacuum Therapy Devices Market by Application
11.5.7.2.4 Argentina Vacuum Therapy Devices Market by End-user
11.5.7.3 Rest of South and Central America Vacuum Therapy Devices Market
11.5.7.3.1 Rest of South and Central America Vacuum Therapy Devices Market by Portability
11.5.7.3.2 Rest of South and Central America Vacuum Therapy Devices Market by Technology
11.5.7.3.3 Rest of South and Central America Vacuum Therapy Devices Market by Application
11.5.7.3.4 Rest of South and Central America Vacuum Therapy Devices 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. VACUUM THERAPY DEVICES MARKET, KEY COMPANY PROFILES
13.1. MOLNLYCKE HEALTH CARE AB
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. 3M (ACELITY LP INC.)
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. COLOPLAST CORP.
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. AUGUSTAM MEDICAL SYSTEMS
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. VACURECT
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. SMITH AND NEPHEW PLC
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. BOSTON SCIENTIFIC CORPORATION
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. CARDINAL HEALTH
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. CONVATEC
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. PRYOGA
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
1. Molnlycke Health Care AB
2. 3M (Acelity LP Inc.)
3. Coloplast Corp.
4. Augustam Medical Systems
5. Vacurect
6. Smith and Nephew PLC
7. Boston Scientific Corporation
8. Cardinal Health
9. ConvaTec
10. Pryoga
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.
Get Free Sample For