Arthroscopy Devices Market Size & Share | Forecast 2021, 28
The arthroscopy devices market is projected to reach US$ 9,853.88 million by 2028 from US$ 5,725.24 million in 2021; it is expected to register a CAGR of 8.1% from 2021 to 2028.
Arthroscopy is a procedure for diagnosing and treating joint problems. A surgeon inserts a narrow tube attached to a fiber-optic video camera called an arthroscope through a small incision about the size of a buttonhole. An arthroscope is a medical device that allows doctors to see within bodily joints such as the knee, hip, spine, shoulder, and elbow to inspect, diagnose, and perform therapeutic procedures. Arthroscopy devices can examine illnesses like osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumors in the joints.
The report offers insights and in-depth analysis of the arthroscopy devices market emphasizing various parameters such as market trends, technological advancements, and market dynamics. It also provides the competitive landscape analysis of leading market players worldwide. Furthermore, it includes the impact of the COVID-19 pandemic on the market across all the regions. The COVID-19 pandemic created both a public health crisis and an economic crisis worldwide. Before the pandemic, the global arthroscopy devices market was constantly growing as regular screening, consolations, and treatments were going on. The first wave of COVID-19 disrupted the consultations, follow-ups, and screenings of oncological cases. The uncontrolled situation was created in the healthcare industry worldwide, led the reduced number of consultations and a smaller number of osteoarthritis and rheumatoid arthritis cases diagnosed. Several companies have experienced severe losses in the last quarter of 2019; the pandemic also negatively influenced the first and second quarters of 2020. Hence, the impact of the COVID-19 pandemic on the global market was immediate and drastic. Businesses worldwide were hampered due to disruption in the supply chain and increased demand of healthcare products and services. To reduce COVID-19 infection in hospitals and clinics, healthcare practitioners and patients adopted and preferred remote patient treatment. Under these unforeseeable circumstances, the orthopedic practice could not remain unaffected. Many surgical treatments and non-urgent consultations were canceled or postponed. Elective surgery was suspended in many institutions, and the overall volume of orthopedic cases fell dramatically in order to limit the spread of the virus and reserve and reallocate resources in healthcare personnel (nurses, anesthesiologists), medical equipment (personal protective equipment, ventilators), and beds. The "stay at home" strategy in the world resulted in a significant reduction in arthroplasty and arthroscopy surgeries, as well as a decrease in the incidence of osteoarthritis cases during the COVID-19 period.
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Arthroscopy Devices Market: Strategic Insights
Market Size Value in US$ 5,725.24 Million in 2021 Market Size Value by US$ 9,853.88 Million by 2028 Growth rate CAGR of 8.1% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Arthroscopy Devices Market: Strategic Insights
| Market Size Value in | US$ 5,725.24 Million in 2021 |
| Market Size Value by | US$ 9,853.88 Million by 2028 |
| Growth rate | CAGR of 8.1% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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As the healthcare infrastructure was disrupted due to the COVID-19 outbreak, and the focus was shifted to the treatment of COVID-19, the diagnosis of various diseases was neglected. In addition, the detection and treatments of musculoskeletal diseases were also hampered by the COVID-19 pandemic. This majorly restrained the growth of the arthroscopy devices market worldwide.
Market Insights
Growing Prevalence of Musculoskeletal Disorders to Drive Market
Musculoskeletal disorders (MSDs) are the most common health conditions worldwide. According to the data published by the World Health Organization (WHO), in February 2021, approximately 1.71 billion individuals worldwide suffered from musculoskeletal problems. Lower back pain is a widespread musculoskeletal condition, affecting 568 million people worldwide. Lower back pain is the major cause of impairment in 160 countries. Musculoskeletal disorders severely impair mobility and dexterity, resulting in early retirement from work, decreased well-being, and diminished ability to socialize. The number of people disabled by musculoskeletal conditions has been growing, and this trend is expected to continue in the next decades.
Furthermore, as per the WHO, high-income countries are the most affected in terms of population (441 million), followed by countries in the WHO Western Pacific Region with 427 million, while Southeast Asia has 369 million. Musculoskeletal diseases are also the leading cause of years lived with disability (YLDs) worldwide, accounting for roughly 149 million YLDs, or 17% of all YLDs. Fractures, which affect 436 million people worldwide, osteoarthritis (343 million), other injuries (305 million), neck pains (222 million), amputations (175 million), and rheumatoid arthritis (14 million) all contribute to the overall burden of musculoskeletal diseases.
Surgical arthroscopy is a well-established therapy option for individuals with chronic joint pain and dysfunction. Compared to open joint procedures, arthroscopy is less invasive and results in better overall patient outcomes in symptom treatment, hospital stay, structural recovery, and long-term outcomes. Thus, the growing prevalence of musculoskeletal disorders, osteoarthritis, and rheumatoid arthritis is expected to drive the market during the forecast period.
Product-Based Insights
Based on product, the arthroscopy devices market is segmented into arthroscopes, arthroscopic implants, fluid management systems, radiofrequency systems, visualization systems, powered shaver systems, and other arthroscopic equipment. In 2021, the arthroscopes segment held the largest share of the market and is expected to register the fastest CAGR of 9.1% during the forecast period.
Application-Based Insights
Based on application, the arthroscopy devices market is segmented into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder and elbow arthroscopy, and others. In 2021, the hip arthroscopy segment held the largest share of the market and is expected to report the highest CAGR of 8.9% during 2021–2028.
The arthroscopy devices market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demands.
By Geography
Based on geography, the arthroscopy devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Arthroscopy Devices Market Report Scope
Company Profiles
- Arthrex, Inc.
- CONMED Corporation
- Johnson and Johnson Services, Inc.
- KARL STORZ SE & Co. KG
- Medtronic
- Richard Wolf GmbH.
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet
- NuVasive, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The North America region secures the major share of the global arthroscopy devices market. Rapid increase in the number of arthroscopies in the region, advancements in arthroscopy products and the highly active research ecosystem for arthroscopic applications is projected to accelerate the growth of the market. Moreover, increasing prevalence of chronic diseases and orthopedic ailments, especially among the aging population in this region of arthroscopy devices is propelling the market's expansion in this region.
Due to an increasing number of infected patients worldwide, several research institutes and leading organizations put an effort to develop efficient methods of COVID 19 treatment and ways to combat pandemic. Many companies manufacturing arthroscopy devices focused on responding emergencies by various strategies such as manufacturing PPEs to healthcare workers, distribution of pharmaceutical drugs and various other activities. For instance, in September 2020, Arthrex, a global leader in minimally invasive orthopedic technology, announced it is using its innovative production capabilities to manufacture and donate more than 6,000 protective face shields to school systems across the region.
According to World Health Organization (WHO). As the epidemic has become a global pandemic, many health authorities focused pandemic-related care and avoided human contact in reaction to growing transmission and strain on health-care resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. For instance, as per the British Journal of Surgery published in May 2020 stated that orthopedic procedures would be affected most, with 6.3 million operations cancelled worldwide. Recent COVID-19 guidelines for pediatric orthopedic surgeons suggested focus on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with transition to virtual-based care when appropriate.
Thus, the pandemic had a negative impact on the arthroscopy market in the region.
Johnson and Johnson Services, Inc and CONMED Corporation are the top two companies that hold huge market shares in the arthroscopy devices market.
The arthroscopy devices market majorly consists of players such as Arthrex, Inc.; CONMED Corporation; Johnson and Johnson Services, Inc.; KARL STORZ SE & Co. KG; Medtronic; Richard Wolf GmbH.; Smith & Nephew; Stryker Corporation; Zimmer Biomet; and NuVasive, Inc amongst others.
In 2021, the hip arthroscopy held the largest share of the market, by application. The similar application segment of the arthroscopy devices market is expected to witness growth in its demand at the fastest CAGR from 2021 to 2028.
Arthroscopy is a procedure for diagnosing and treating joint problems. A surgeon inserts a narrow tube attached to a fiber-optic video camera through a small incision about the size of a buttonhole which is called an arthroscope. An arthroscope is a medical device that allows doctors to see within bodily joints such as the knee, hip, spine, shoulder, and elbow to inspect, diagnose, and perform therapeutic procedures. Arthroscopy devices can examine for illnesses like osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumors in the joints.
Key factors that are driving the growth of this market are the growing prevalence of musculoskeletal disorders osteoarthritis and rheumatoid arthritis, rising number of sport injuries requiring arthroscopy procedure to prevent complete joint and rising elderly population. Additionally, the increasing prevalence of obesity and rising number of product launches and approvals are likely to emerge as a significant future trend in the market during the forecast period.
The CAGR value of the arthroscopy devices market during the forecasted period of 2021–2028 is 8.1%.
In 2021, the arthroscopes segment accounted for the largest share of the market; it is further expected to continue its dominance over the forecast period. The arthroscopes are primarily used in the minimally invasive strategy. It aids patients' recovery and reduces scarring. Moreover, the decrease in the life span of arthroscopes due to the sterilization process used to prevent contamination and the launch of single-use arthroscopes. Thus, due to above factors, the arthroscopes segment is expected to dominate the arthroscopy devices market by product segment. Moreover, arthroscopes are expected to register the highest CAGR in arthroscopy devices market during 2021-2028.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Arthroscopy Devices Market – By Product
1.3.2 Global Arthroscopy Devices Market – By Application
1.3.3 Global Arthroscopy Devices Market – By Geography
2. Arthroscopy Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Arthroscopy Devices Market – 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 Experts Opinion
5. Arthroscopy Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Musculoskeletal Disorders Osteoarthritis and Rheumatoid Arthritis
5.1.2 Rising Number of Sport Injuries Requiring Arthroscopy Procedure to Prevent Complete Joint Replacement
5.1.3 Rising elderly Population
5.2 Market Restraints
5.2.1 High Cost of Arthroscopy Devices
5.3 Market Opportunities
5.3.1 Increasing Prevalence of Obesity
5.4 Future Trends
5.5 Impact Analysis
6. Arthroscopy Devices Market– Global Analysis
6.1 Global Arthroscopy Devices Market Revenue Forecast and Analysis
6.2 Global Arthroscopy Devices Market, By Geography - Forecast and Analysis
6.2.1 Global Arthroscopy Devices Market – Market Potential Analysis, By Region
6.3 Company Analysis
6.3.1 Market Positioning of Key Players
6.3.2 Comparative Company Analysis
6.3.3 Growth Strategy Analysis
6.3.4 Performance of Key Players
6.3.4.1 Johnson and Johnson Services, Inc
6.3.4.2 CONMED Corporation
7. Global Arthroscopy Devices Market Revenue and Forecasts To 2028– by Product
7.1 Overview
7.2 Product Market Revenue and Forecast Analysis (US$ Mn)
7.3 Arthroscopes
7.3.1 Overview
7.3.2 Arthroscopes Revenue and Forecast to 2028 (US$ Mn)
7.4 Arthroscopic Implants
7.4.1 Overview
7.4.2 Arthroscopic Implants Revenue and Forecast to 2028 (US$ Mn)
7.5 Fluid Management systems
7.5.1 Overview
7.5.2 Fluid Management systems Revenue and Forecast to 2028 (US$ Mn)
7.6 Radiofrequency Systems
7.6.1 Overview
7.6.2 Radiofrequency Systems Revenue and Forecast to 2028 (US$ Mn)
7.7 Visualization Systems
7.7.1 Overview
7.7.2 Visualization Systems Revenue and Forecast to 2028 (US$ Mn)
7.8 Powered Shaver systems
7.8.1 Overview
7.8.2 Powered Shaver systems Revenue and Forecast to 2028 (US$ Mn)
7.9 Other Arthroscopic Equipment
7.9.1 Overview
7.9.2 Other Arthroscopic Equipment Revenue and Forecast to 2028 (US$ Mn)
8. Global Arthroscopy Devices Market Analysis and Forecast to 2028 – by Application
8.1 Overview
8.2 Application Market Revenue and Forecast Analysis (US$ Mn)
8.3 Knee Arthroscopy
8.3.1 Overview
8.3.2 Knee Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Hip Arthroscopy
8.4.1 Overview
8.4.2 Hip Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Spine Arthroscopy
8.5.1 Overview
8.5.2 Spine Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Foot and Ankle Arthroscopy
8.6.1 Overview
8.6.2 Foot and Ankle Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
8.7 Shoulder and Elbow Arthroscopy Overview
8.7.1 Shoulder and Elbow Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2028 (US$ Mn)
9. Arthroscopy Devices Market Revenue and Forecasts to 2028 – Geographical Analysis
9.1 North America: Arthroscopy Devices Market
9.1.1 North America: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2 North America: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
9.1.4 North America: Arthroscopy Devices Market, by Country, 2021 & 2028(%)
9.1.4.1 USA: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1.1 Overview
9.1.4.1.2 USA: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1.3 USA: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
9.1.4.1.4 USA: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Canada: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.2.1 Overview
9.1.4.2.2 Canada: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.2.3 Canada: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
9.1.4.2.4 Canada: Arthroscopy Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
9.1.4.3 Mexico: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.3.1 Overview
9.1.4.3.2 Mexico: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.3.3 Mexico: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
9.1.4.3.4 Mexico: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
9.2 Europe: Arthroscopy Devices Market
9.2.1 Overview
9.2.2 Europe: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.3 Europe: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.4 Europe: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5 Europe: Arthroscopy Devices Market, by Country, 2021 & 2028 (%)
9.2.5.1 Germany: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 Overview
9.2.5.1.2 Germany: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.3 Germany: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.4 Germany: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5.2 France: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Overview
9.2.5.2.2 France: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.3 France: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.4 France: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5.3 UK: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Overview
9.2.5.3.2 UK: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.3 UK: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.4 UK: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5.4 Italy: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.1 Overview
9.2.5.4.2 Italy: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.3 Italy: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.4 Italy: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5.5 Spain: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.1 Overview
9.2.5.5.2 Spain: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.3 Spain: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.4 Spain: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.2.5.6 Rest of Europe: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.1 Overview
9.2.5.6.2 Rest of Europe: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.3 Rest of Europe: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.4 Rest of Europe: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
9.3 Asia Pacific Arthroscopy Devices Market Revenue and Forecasts To 2028
9.3.1 Overview
9.3.2 Asia Pacific Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.3 Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.4 Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5 Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Country (%)
9.3.5.1 Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.1.1 Overview
9.3.5.1.2 Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.1.3 Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.1.4 Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5.2 China: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.2.1 Overview
9.3.5.2.2 China: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.2.3 China: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.2.4 China: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5.3 India Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.3.1 Overview
9.3.5.3.2 India: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.3.3 India: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.3.4 India: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5.4 South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.4.1 Overview
9.3.5.4.2 South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.4.3 South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.4.4 South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5.5 Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.5.1 Overview
9.3.5.5.2 Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
9.3.5.5.3 Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.5.4 Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.3.5.6 Rest of Asia Pacific: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Overview
9.3.5.6.2 Rest of Asia Pacific: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.3 Rest of Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
9.3.5.6.4 Rest of Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
9.4 Middle East & Africa Arthroscopy Devices Market
9.4.1 Overview
9.4.2 Middle East & Africa Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4.3 Middle East & Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, by Product (US$ Million)
9.4.4 Middle East & Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, by Application (US$ Million)
9.4.5 Middle East & Africa Arthroscopy Devices Market Revenue and Forecast to 2028, by Country (%)
9.4.5.1 UAE: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.1.1 Overview
9.4.5.1.2 UAE: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.3 UAE: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.4.5.1.4 UAE: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.4.5.2 Saudi Arabia: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.2.1 Overview
9.4.5.2.2 Saudi Arabia Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.3 Saudi Arabia: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.4.5.2.4 Saudi Arabia: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.4.5.3 South Africa: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.3.1 Overview
9.4.5.3.2 South Africa Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.3 South Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.4.5.3.4 South Africa: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.4.5.4 Rest of the Middle East and Africa: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.5.4.1 Overview
9.4.5.4.2 Rest of the Middle East and Africa Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.3 Rest of the Middle East and Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.4.5.4.4 Rest of the Middle East and Africa: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.5 South and Central America Arthroscopy Devices Market
9.5.1 Overview
9.5.2 South and Central America Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.5.3 South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, by Product (US$ Million)
9.5.4 South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, by Indication (US$ Million)
9.5.5 South and Central America Arthroscopy Devices Market Revenue and Forecast to 2028, by Country (%)
9.5.5.1 Brazil: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.1.1 Overview
9.5.5.1.2 Brazil Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.3 Brazil: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.5.5.1.4 Brazil: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.5.5.2 Argentina: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.2.1 Overview
9.5.5.2.2 Argentina Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.3 Argentina: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.5.5.2.4 Argentina: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
9.5.5.3 Rest of the South and Central America: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.3.1 Overview
9.5.5.3.2 Rest of the South and Central America Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.3 Rest of the South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
9.5.5.3.4 Rest of the South and Central America: Arthroscopy Devices Market Revenue and Forecast To 2028, By Application (US$ Million)
10. Impact Of COVID-19 Pandemic on Arthroscopy Devices Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
10.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.3 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Arthroscopy Devices Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Arthroscopy Devices Market (%)
11.3 Inorganic Developments
11.3.1 Overview
11.4 Organic Developments
11.4.1 Overview
12. Company Profiles
12.1 Arthrex, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CONMED Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Johnson and Johnson Services, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ARL STORZ SE & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Medtronic
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Richard Wolf GmbH.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Smith & Nephew
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Stryker Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Zimmer Biomet
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NuVasive, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Sports Injuries By Number Of Injuries, 2020
Table 2. Total Number of Persons of Aged 60 Years or Above by Region, 2017 & 2050
Table 3. North America: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 4. North America: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 5. Sports Injuries By Number Of Injuries, 2020
Table 6. USA: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 7. USA: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 8. Canada: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 9. Canada: Arthroscopy Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 12. Europe: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 16. France: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 21. Italy: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 22. Spain: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 23. Spain: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Arthroscopy Devices Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Arthroscopy Devices Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product (US$ Million).
Table 27. Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 28. Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 29. Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 30. China: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 31. China: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 32. India: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 33. India: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 34. South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 35. South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 36. Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 37. Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 38. Rest of Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Product(US$ Million)
Table 39. Rest of Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 40. Middle East & Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, by Product (US$ Million)
Table 41. Middle East & Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, by Application (US$ Million)
Table 42. UAE: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 43. UAE: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 44. Saudi Arabia: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 45. Saudi Arabia: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 46. South Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 47. South Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 48. Rest of the Middle East and Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 49. Rest of the Middle East and Africa: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 50. South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, by Product (US$ Million)
Table 51. South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, by Indication (US$ Million)
Table 52. Brazil: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 53. Brazil: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 54. Argentina: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 55. Argentina: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 56. Rest of the South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, By Product (US$ Million)
Table 57. Rest of the South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 58. Inorganic Developments in the Arthroscopy Devices Market
Table 59. Organic Developments in the Arthroscopy Devices Market
Table 60. Glossary of Terms
LIST OF FIGURES
Figure 1. Arthroscopy Devices Market Segmentation
Figure 2. Arthroscopy Devices Segmentation, By Region
Figure 3. Global Arthroscopy Devices Market Overview
Figure 4. The Consumables Segment Held Largest Share of Product & Services Segment in Arthroscopy Devices Market
Figure 5. Asia-Pacific Region Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Global Arthroscopy Devices Market, By Geography (US$ Million)
Figure 7. Global Arthroscopy Devices Market- Leading Country Markets (US$ Million)
Figure 8. Global Arthroscopy Devices Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East And Africa: PEST Analysis
Figure 13. South And Central America: PEST Analysis
Figure 14. Experts Opinion
Figure 15. Global Arthroscopy Devices Market – Revenue Forecast and Analysis – 2021- 2028
Figure 16. Global Arthroscopy Devices Market – By Geography Forecast and Analysis – 2021- 2028.
Figure 17. Global Arthroscopy Devices Market – Market Potential Analysis, By Region
Figure 18. Market Positioning of Key Players in Global Arthroscopy Devices Market
Figure 19. Global Arthroscopy Devices Market – Comparative Company Analysis
Figure 20. Global Arthroscopy Devices Market – Growth Strategy Analysis
Figure 21. Product Market Analysis and Forecast 2021 and 2028 (%)
Figure 22. Arthroscopes Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Arthroscopic Implants Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Fluid Management systems Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Radiofrequency Systems Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Visualization Systems Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Powered Shaver systems Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Other Arthroscopic Equipment Revenue and Forecast to 2028 (US$ Mn)
Figure 29. Application Market Analysis and Forecast 2021 and 2028 (%)
Figure 30. Knee Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
Figure 31. Hip Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
Figure 32. Spine Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
Figure 33. Foot and Ankle Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
Figure 34. Shoulder and Elbow Arthroscopy Market Revenue and Forecast to 2028 (US$ Mn)
Figure 35. Others Market Revenue and Forecast to 2028 (US$ Mn)
Figure 36. North America: Arthroscopy Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 37. North America: Arthroscopy Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 38. North America: Arthroscopy Devices Market, by Country, 2021 & 2028 (%)
Figure 39. USA: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. Canada: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Mexico: Arthroscopy Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Europe: Arthroscopy Devices Market, by Key Country – Revenue (2021) (US$ Million)
Figure 43. Europe: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Arthroscopy Devices Market, by Country, 2021 & 2028 (%)
Figure 45. Germany: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Spain: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific Arthroscopy Devices Market Overview, by Country (2021)
Figure 52. Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 53. Asia Pacific: Arthroscopy Devices Market Revenue and Forecasts to 2028, By Country (%)
Figure 54. Japan: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 55. China: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 56. India: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 57. South Korea: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 58. Australia: Arthroscopy Devices Market Revenue and Forecasts to 2028 (US$ Million)
Figure 59. Rest of Asia Pacific: Arthroscopy Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Middle East & Africa Arthroscopy Devices Market Revenue Overview, by Country, 2021 (US$ Million)
Figure 61. Middle East & Africa Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East & Africa Arthroscopy Devices Market Revenue and Forecast to 2028, by Country (%)
Figure 63. UAE: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 64. Saudi Arabia: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 65. South Africa: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of the Middle East and Africa: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 67. South and Central America Arthroscopy Devices Market Revenue Overview, by Country, 2021 (US$ Million)
Figure 68. South and Central America Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 69. South and Central America Arthroscopy Devices Market Revenue and Forecast to 2028, by Country (%)
Figure 70. Brazil: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 71. Argentina: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of the South and Central America: Arthroscopy Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 73. Impact of COVID-19 Pandemic in European Country Markets
Figure 74. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 75. Impact of COVID-19 Pandemic in South and Central American Countries
Figure 76. Growth Strategies in the Arthroscopy Devices Market (%)
The List of Companies - Arthroscopy Devices Market
- Arthrex, Inc.
- CONMED Corporation
- Johnson and Johnson Services, Inc.
- KARL STORZ SE & Co. KG
- Medtronic
- Richard Wolf GmbH.
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet
- NuVasive, Inc.
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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