The critical care equipment market was valued at US$ 21,682.65 million in 2019 and is projected to reach US$ 47,171.42 million by 2027; it is expected to grow at a CAGR of 9.5% during 2020–2027.
Patients with the infection are spending an average of 15 days in ICU. According to the European Society of Anaesthesiology, the number of intensive care beds in Italy continues to grow. In Lombardy, before coronavirus spread, there were 140 private ICU beds and 500 public intensive care (ICU) beds, which increased to more than 900 by the end of March 2020.
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Critical Care Equipment Market: Strategic Insights
Market Size Value in US$ 21,682.65 Million in 2019 Market Size Value by US$ 47,171.42 Million by 2027 Growth rate CAGR of 9.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Critical Care Equipment Market: Strategic Insights
| Market Size Value in | US$ 21,682.65 Million in 2019 |
| Market Size Value by | US$ 47,171.42 Million by 2027 |
| Growth rate | CAGR of 9.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Market Insights
Growing Number of ICU Beds in Countries with High Prevalence of COVID-19 to Drive Market Growth
COVID-19 has been declared a global pandemic by the World Health Organization on March 11, 2020. This novel disease is characterized by a lower number of initial cases followed by an infection explosion in various countries. Despite the implementation of lockdowns to reduce the spread of COVID-19, the healthcare systems in various countries have been overwhelmed by demand for equipment, such as ICU beds and supportive equipment to treat severe disease cases.
Products Insights
In terms of product, the patient monitor systems segment held the largest share of the market in 2019 and it is expected to continue to be a leading shareholder during the forecast period. However, the ventilators segment is expected to register a higher CAGR in the market during the forecast period.
Application Insights
Based on application, the global critical care equipment market is segmented into cardiology, pulmonology, neurology, orthopedic, and others. The cardiology segment held the largest share of the market in 2019, and the pulmonology segment is expected to register the highest CAGR during the forecast period. Cardiovascular intensive care is the systemic management of patients with severe cardiovascular disease (CVD), including vascular disease and heart disease. CVD is among the top causes of deaths worldwide. For instance, according to the World Health Organization, in 2016, an estimated 17.9 million people died from CVDs, representing 31% of deaths worldwide. Similarly, according to the Centers for Diseases Control and Prevention, about 655,000 Americans die from heart disease every year. To prevent death due to CVDs, an intensive care unit for severe CVD patients, namely, cardiovascular intensive care unit (CICU), is available in general hospitals. The technological developments of clinical cardiology, such as intracoronary interventional procedures and devices and invasive hemodynamic monitoring, are the major evolutions of intensive care for CVDs. Subsequently, the number of severe CVD patients admitted to CICU is growing every year. The patients in the CICU have many complications such as respiratory failure and renal failure. Therefore, trained medical staff is required to practice systemic intensive care.
Collaborations and technology partnerships by the players in the critical care equipment market to bridge the demand-supply gap are anticipated to play a significant role in the growth of the market during the forecast period.
Critical Care Equipment Market Report Scope
By Product
- Patient Monitor Systems
- Ventilators
- Invasive Ventilators
- Non-invasive Ventilators
- Infusion Pumps
- Others
By Application
- Cardiology
- Pulmonology
- Neurology
- Orthopedic
- Others
By End User
- Hospitals
- Ambulatory Care Centers
- Home Care
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- South and Central America (SCAM)
- Brazil
- Argentina
- General Electric Company
- Medtronic
- B. Braun Melsungen AG
- Baxter International Inc.
- Koninklijke Philips N.V.
- Getinge AB
- Hamilton Medical
- Löwenstein Medical UK Ltd.
- Dragerwerk AG & Co. KGaA
- Nihon Kohden Corporation
- Fisher & Paykel Healthcare Limited.
- Shenzhen Mindray Biomedical Electronics Co., Ltd.
- BPL
- Trivitron Healthcare
- SKANRAY TECHNOLOGIES PVT LTD
- Asahi Kasei Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Application , and End User and Geography
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 disruption of supply chain and logistics due to the rapid spread of COVID-19 is the significant factor that will hinder the critical care equipment market growth.
The global critical care equipment market is being driven by factors such growing number of ICU beds in countries with a high prevalence of COVID-19 and increasing demand for ventilators for the effective management of critical COVID-19 patients. Furthermore, technological innovations in critical care equipment is likely to offer significant opportunities for the growth of the global critical care equipment market.
Critical care equipment includes cardiac support, patient monitoring, respiratory support, emergency resuscitation devices, pain management, and other life support equipment designed to care for critically ill patients or have undergone a major surgical procedure, thereby requiring 24-hour care monitoring.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Critical Care Equipment Market – By Product
1.3.2 Critical Care Equipment Market – By Application
1.3.3 Critical Care Equipment Market – By End User
1.3.4 Global Critical Care Equipment Market – By Geography
2. Critical Care Equipment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Critical Care Equipment 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 & Central America
4.3 Expert Opinion
5. Critical Care Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Number of ICU Beds in Countries with a High Prevalence of COVID-19
5.1.2 Increasing Demand for Ventilators for the Effective Management of Critical COVID-19 Patients
5.2 Market Restraints
5.2.1 Disruption of Supply Chain and Logistics due to the Rapid Spread of COVID-19
5.3 Market Opportunities
5.3.1 Technological Innovations in Critical Care Equipments
5.4 Future Trends
5.4.1 Growing Demand for Portable and Compact Ventilators with Enhanced Functionalities
5.5 Impact Analysis
6. Critical Care Equipment Market– Global Analysis
6.1 Global Critical Care Equipment Market Revenue Forecast And Analysis
6.2 Global Critical Care Equipment Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Critical Care Equipment market Analysis – By Product
7.1 Overview
7.2 Critical Care Equipment market Revenue Share, by Product (2019 and 2027)
7.3 Patient Monitor System
7.3.1 Overview
7.3.2 Patient Monitor System: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Ventilators
7.4.1 Overview
7.4.2 Ventilators: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Invasive
7.5.1 Overview
7.5.2 Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
7.6 Non-Invasive
7.6.1 Overview
7.6.2 Non-Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
7.7 Infusion Pumps
7.7.1 Overview
7.7.2 Infusion Pumps: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8. Critical Care Equipment market Analysis – By Application
8.1 Overview
8.2 Critical Care Equipment market Revenue Share, by Application (2019 and 2027)
8.3 Cardiology
8.3.1 Overview
8.3.2 Cardiology : Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Pulmonology
8.4.1 Overview
8.4.2 Pulmonology: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Neurology
8.5.1 Overview
8.5.2 Neurology : Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Orthopedic
8.6.1 Overview
8.6.2 Orthopedic: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9. Critical Care Equipment market Analysis – By End User
9.1 Overview
9.2 Critical Care Equipment market Revenue Share, by End User (2019 and 2027)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Ambulatory Surgical Centers
9.4.1 Overview
9.4.2 Ambulatory Surgical Centers: Ventilator – Revenue and Forecast to 2027 (US$ Million)
9.5 Home care
9.5.1 Overview
9.5.2 Home care: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10. Critical Care Equipment Market Analysis And Forecasts To 2027 – Geographical Analysis
10.1 North America: Critical Care Equipment Market
10.1.1 Overview
10.1.2 North America: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.1.3.1 North America: Ventilators Market, by Type, 2018–2027 (USD Million)
10.1.4 North America: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.1.5 North America: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.1.6 North America: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
10.1.6.1 US: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.2 US: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.3 US: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.1.6.3.1 US: Ventilators Market, by Type, 2018–2027 (USD Million)
10.1.6.4 US: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.1.6.5 US: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.1.7 Canada: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Canada: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Canada: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.1.7.2.1 Canada: Ventilators Market, by Type, 2018–2027 (USD Million)
10.1.7.3 Canada: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.1.7.4 Canada: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.1.8 Mexico: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Mexico: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Mexico: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.1.8.2.1 Mexico: Ventilators Market, by Type, 2018–2027 (USD Million)
10.1.8.3 Mexico: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.1.8.4 Mexico: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2 Europe: Critical Care Equipment Market
10.2.1 Overview
10.2.2 Europe: Critical Care Equipment Market - Revenue and Forecast to 2027 (USD Million)
10.2.3 Europe: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.3.1 Europe: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.4 Europe: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.5 Europe: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2.6 Europe: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
10.2.7 Germany: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.1 Germany: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.2 Germany: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.7.2.1 Germany: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.7.3 Germany: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.7.4 Germany: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2.8 UK: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.1 UK: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.2 UK: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.8.2.1 UK: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.8.3 UK: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.8.4 UK: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2.9 France: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.1 France: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.2 France: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.9.2.1 France: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.9.3 France: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.9.4 France: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2.10 Spain: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.1 Spain: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.2 Spain: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.10.2.1 Spain: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.10.3 Spain: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.10.4 Spain: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.2.11 Italy: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.1 Italy: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.2 Italy: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.2.11.2.1 Italy: Ventilators Market, by Type, 2018–2027 (USD Million)
10.2.11.3 Italy: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.2.11.4 Italy: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3 Asia Pacific: Critical Care Equipment Market
10.3.1 Overview
10.3.2 Asia Pacific: Critical Care Equipment Market - Revenue and Forecast to 2027 (USD Million)
10.3.3 Asia Pacific: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.3.1 Asia Pacific: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.4 Asia Pacific: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.5 Asia Pacific: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3.6 Asia Pacific: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
10.3.7 China: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.7.1 China: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.7.2 China: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.7.2.1 China: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.7.3 China: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.7.4 China: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3.8 Japan: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.8.1 Japan: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.8.2 Japan: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.8.2.1 Japan: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.8.3 Japan: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.8.4 Japan: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3.9 India: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.9.1 India: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.9.2 India: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.9.2.1 India: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.9.3 India: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.9.4 India: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3.10 South Korea: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.10.1 South Korea: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.10.2 South Korea: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.10.2.1 South Korea: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.10.3 South Korea: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.10.4 South Korea: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.3.11 Australia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.11.1 Australia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.3.11.2 Australia: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.3.11.2.1 Australia: Ventilators Market, by Type, 2018–2027 (USD Million)
10.3.11.3 Australia: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.3.11.4 Australia: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.4 Middle East & Africa: Critical Care Equipment Market
10.4.1 Overview
10.4.2 Middle East & Africa: Critical Care Equipment Market - Revenue and Forecast to 2027 (US$ Million)
10.4.3 Middle East & Africa: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.4.3.1 Middle East & Africa: Ventilators Market, by Type, 2018–2027 (USD Million)
10.4.4 Middle East & Africa: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.4.5 Middle East & Africa: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.4.6 Middle East & Africa: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
10.4.7 Saudi Arabia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.7.1 Saudi Arabia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.7.2 Saudi Arabia: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.4.7.2.1 Saudi Arabia: Ventilators Market, by Type, 2018–2027 (USD Million)
10.4.7.3 Saudi Arabia: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.4.7.4 Saudi Arabia: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.4.8 UAE: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.8.1 UAE: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.8.2 UAE: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.4.8.2.1 UAE: Ventilators Market, by Type, 2018–2027 (USD Million)
10.4.8.3 UAE: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.4.8.4 UAE: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.4.9 South Africa: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.9.1 South Africa: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.4.9.2 South Africa: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.4.9.2.1 South Africa: Ventilators Market, by Type, 2018–2027 (USD Million)
10.4.9.3 South Africa: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.4.9.4 South Africa: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.5 South and Central America: Critical Care Equipment Market
10.5.1 Overview
10.5.2 South and Central America: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.5.3 South and Central America: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.5.3.1 South and Central America: Ventilators Market, by Type, 2018–2027 (USD Million)
10.5.4 South and Central America: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.5.5 South and Central America: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.5.6 South and Central America: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
10.5.7 Brazil: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.1 Brazil: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.5.7.2 Brazil: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.5.7.2.1 Brazil: Ventilators Market, by Type, 2018–2027 (USD Million)
10.5.7.3 Brazil: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.5.7.4 Brazil: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
10.5.8 Argentina: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.1 Argentina: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
10.5.8.2 Argentina: Critical Care Equipment Market, by Product, 2018–2027 (USD Million)
10.5.8.2.1 Argentina: Ventilators Market, by Type, 2018–2027 (USD Million)
10.5.8.3 Argentina: Critical Care Equipment Market, By Application, 2018–2027 (USD Million)
10.5.8.4 Argentina: Critical Care Equipment Market, By End User, 2018–2027 (USD Million)
11. Impact of COVID-19 Pandemic on Global Critical Care Equipment Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Critical Care Equipment Market– Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 General Electric Company
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 Medtronic
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 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 Baxter International Inc.
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 Koninklijke Philips N.V.
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 Getinge AB
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 Hamilton Medical
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 Löwenstein Medical UK Ltd.
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 Dragerwerk AG & Co. KGaA
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 Nihon Kohden Corporation
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 Fisher & Paykel Healthcare Limited.
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
13.12 Shenzhen Mindray Biomedical Electronics Co., Ltd.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 BPL
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Trivitron Healthcare
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 SKANRAY TECHNOLOGIES PVT LTD
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
LIST OF TABLES
Table 1. North America Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 5. US Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 6. US Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 7. US Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 8. US Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Canada Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 16. Mexico Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 17. Europe Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 18. Europe Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 19. Europe Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 20. Europe Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 21. Germany Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 22. Germany Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 23. Germany Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 24. Germany Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 25. UK Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 26. UK Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 27. UK Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 28. UK Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 29. France Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 30. France Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 31. France Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 32. France Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 33. Spain Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 34. Spain Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 35. Spain Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 36. Spain Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 37. Italy Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 38. Italy Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 39. Italy Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 40. Italy Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 41. Asia Pacific Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 42. Asia Pacific Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 43. Asia Pacific Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 44. Asia Pacific Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 45. China Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 46. China Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 47. China Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 48. China Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 49. Japan Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 50. Japan Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 51. Japan Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 52. Japan Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 53. India Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 54. India Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 55. India Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 56. India Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 57. South Korea Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 58. South Korea Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 59. South Korea Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 60. South Korea Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 61. Australia Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 62. Australia Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 63. Australia Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 64. Australia Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 65. Middle East & Africa Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 66. Middle East & Africa Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 67. Middle East & Africa Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 68. Middle East & Africa Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 69. Saudi Arabia Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 70. Saudi Arabia Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 71. Saudi Arabia Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 72. Saudi Arabia Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 73. UAE Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 74. UAE Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 75. UAE Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 76. UAE Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 77. South Africa Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 78. South Africa Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 79. South Africa Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 80. South Africa Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 81. South and Central America Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 82. South and Central America Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 83. South and Central America Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 84. South and Central America Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 85. Brazil Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 86. Brazil Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 87. Brazil Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 88. Brazil Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 89. Argentina Critical Care Equipment Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 90. Argentina Ventilators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 91. Argentina Critical Care Equipment Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 92. Argentina Critical Care Equipment Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 93. Organic Developments Done By Companies
Table 94. Inorganic Developments Done By Companies
LIST OF FIGURES
Figure 1. Critical Care Equipment Market Segmentation
Figure 2. Critical Care Equipment Segmentation, By Region
Figure 3. Global Critical Care Equipment Market Overview
Figure 4. Patient Monitor Systems Segment Held Largest Share of Critical Care Equipment Market
Figure 5. Asia Pacific to Show Remarkable Growth During Forecast Period
Figure 6. Global Critical Care Equipment Market, By Geography (US$ Million)
Figure 7. Global Critical Care Equipment Market- Leading Country Markets (US$ Million)
Figure 8. Global Critical Care Equipment 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 & Central America PEST Analysis
Figure 14. Expert Opinion
Figure 15. Critical Care Equipment Market Impact Analysis of Driver and Restraints
Figure 16. Global Critical Care Equipment Market– Revenue Forecast and Analysis – 2019- 2027
Figure 17. Global Critical Care Equipment Market– By Geography Forecast And Analysis – 2019- 2027
Figure 18. Market Positioning Of Key Players In Global Critical Care Equipment Market
Figure 19. Critical Care Equipment Market Revenue Share, by Product (2019 and 2027)
Figure 20. Patient Monitor System: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Ventilators: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Non-Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Infusion Pumps: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Critical Care Equipment Market Revenue Share, by Application (2019 and 2027)
Figure 27. Cardiology : Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Pulmonology: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Neurology : Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Orthopedic: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Critical Care Equipment Market Revenue Share, by End User (2019 and 2027)
Figure 33. Hospitals: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Ambulatory Surgical Centers: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Home care: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Others: Critical Care Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. North America: Critical Care Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 38. North America Critical Care Equipment Market Revenue and Forecast to 2027 (USD Million)
Figure 39. North America: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
Figure 40. US: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 41. Canada: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 42. Mexico: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 43. Europe: Critical Care Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 44. Europe Critical Care Equipment Market Revenue and Forecast to 2027 (USD Million)
Figure 45. Europe: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
Figure 46. Germany: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 47. UK: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. France: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 49. Spain: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 50. Italy: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 51. Asia Pacific: Critical Care Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 52. Asia Pacific Critical Care Equipment Market Revenue and Forecast to 2027 (USD Million)
Figure 53. China: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 54. Japan: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. India: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 56. South Korea: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 57. Australia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 58. Middle East & Africa: Critical Care Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 59. Middle East & Africa Critical Care Equipment Market Revenue and Forecast to 2027 (USD Million)
Figure 60. Middle East & Africa: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
Figure 61. Saudi Arabia: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 62. UAE: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 63. South Africa: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 64. South and Central America: Critical Care Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 65. South and Central America Critical Care Equipment Market Revenue and Forecast to 2027 (USD Million)
Figure 66. South and Central America: Critical Care Equipment Market, by Country, 2019 & 2027 (%)
Figure 67. Brazil: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 68. Argentina: Critical Care Equipment Market – Revenue and Forecast to 2027 (USD Million)
Figure 69. Impact of COVID-19 Pandemic on Critical Care Equipment market in North American Countries
Figure 70. Impact of COVID-19 Pandemic on Critical Care Equipment market in European Countries
Figure 71. Impact of COVID-19 Pandemic on Critical Care Equipment market in Asia Pacific Countries
Figure 72. Impact of COVID-19 Pandemic on Critical Care Equipment market in Rest of the World
Figure 73. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Critical Care Equipment Market
- General Electric Company
- Medtronic
- B. Braun Melsungen AG
- Baxter International Inc.
- Koninklijke Philips N.V.
- Getinge AB
- Hamilton Medical
- Löwenstein Medical UK Ltd.
- Dragerwerk AG & Co. KGaA
- Nihon Kohden Corporation
- Fisher & Paykel Healthcare Limited.
- Shenzhen Mindray Biomedical Electronics Co., Ltd.
- BPL
- Trivitron Healthcare
- Skanray Technologies Pvt Ltd
- Asahi Kasei Corporation
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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