The North America medical gas outlet market size is projected to reach US$ 121.97 million by 2031 from US$ 88.93 million in 2023. The market is expected to register a CAGR of 4.0% during 2023–2031. The focus on safer, user-friendly, and sustainable designs is likely to be a key trend in the North America medical gas outlet market in the coming years.
North America Medical Gas Outlet Market Analysis
The increasing number of surgical procedures and regulatory emphasis on patient safety are the major factors driving the growth of North America medical gas outlet market. Additionally, the emergence of home healthcare and R&D in medical gas application are further expected to contribute the market growth in the future. Moreover, innovations to support universal design and automatic functionality are expected to create ample opportunities in the North America medical gas outlet market during the forecast period.
North America Medical Gas Outlet Market Overview
The North America medical gas outlet market is anticipated to experience significant growth owing to continuous developments in healthcare infrastructure, increasing incidence of chronic diseases, and innovations in medical technology in major countries in the region. The increasing demand for hospitals, surgical centers, and long-term care facilities, accompanied by a growing elderly population, propels the demand for reliable and efficient medical gas systems. Additionally, innovations in medical gas system designs and a surge in the awareness of healthcare facility designs are likely to provide growth opportunities for both existing market players and new entrants.
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North America Medical Gas Outlet Market: Strategic Insights
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North America Medical Gas Outlet Market Drivers and Opportunities
Increase in Number of Surgical Procedures Fuels Market Growth
According to an article published by the American College of Surgeons Foundation in July 2023, ~4 million patients undergo emergency general surgery every year, which constitutes nearly 11% of all surgical procedures and ~25% of total inpatient costs. As per an article published in the National Library of Medicine in January 2023, ~20 million people in the US had gallstones, and ~300,000 cholecystectomies were reported to be performed annually among them. Cholecystectomies involve insufflation of medical carbon dioxide into the peritoneal cavity. Various manufacturers, including Pattons Inc. and BeaconMedaes, operating in North America, offer medical gas outlets for hospitals, operating rooms, and ambulatory centers where major and minor surgical procedures are performed. Gemini Medical Gas Outlets by BeaconMedaes provide a dependable and user-friendly solution for delivering medical gases in healthcare environments, such as operation theaters. Therefore, a surge in elective and emergency surgeries, along with advancements in minimally invasive surgical techniques, underlines the need for reliable and efficient medical gas outlets in healthcare facilities in North America.
Innovations to Support Universal Design and Automatic Functionality to Create Growth Opportunities in Market
Medical gas outlets act as a significant advancement that empowers researchers' efforts to study cellular activity, especially in neurobiology and cardiology. A few of the noteworthy improvements in the medical gas systems that expand their role in the field of research are mentioned below:
Innovations in Gas Outlet Design: Advancements in outlet design make medical gas outlet systems more user-friendly and easy to maintain. These include universal outlets that accept various connector types, as well as outlets that are easy to wipe and disinfect. For example, universal medical gas outlets offered by Powerex are fully interchangeable with its most common rough-in designs, allowing for quick and easy conversion between connection styles. GENSTAR TECHNOLOGIES, a global provider of high-quality medical gas outlets and other gas accessories, offers outlets with universal connections, which make them compatible and quickly connectible with Ohmeda, Chemetron, or Puritan-Bennett connections, and DISS gas-specific adapters.
Integration with Existing Advanced Technologies: Medical gas systems can be integrated with new technologies such as automatic changeover systems and advanced alarm systems. Automatic changeover systems allow for a seamless transition of gas supply from a primary source to a secondary source upon exhaustion of the primary source, ensuring an uninterrupted supply of medical gases. Additionally, modern medical gas systems equipped with advanced alarm systems provide immediate alerts regarding any issue in the system, including a drop in gas pressure or a decrease in gas levels. Moreover, some system variants can generate e-mails or text messages, and send notifications remotely to the designated staff.
Thus, technological advancements in medical gas outlets to support universal design and smart operations are anticipated to offer lucrative growth opportunities for the North America medical gas outlet market players during the forecast period.
North America Medical Gas Outlet Market Report Segmentation Analysis
Key segments that contributed to the derivation of the North America medical gas outlet market analysis are product type, biomarker type, indication, and end user.
- Based on product type, the North America medical gas outlet market is segmented into single connection and dual connection. The single connection segment held a larger share in 2023, and it is expected to register a higher CAGR during 2023–2031.
- Based on modality type, the North America medical gas outlet market is divided into wall mounted, console mounted, and others. The wall mounted segment held the largest market share in 2023, and it is estimated to register the highest CAGR in the market during 2023–2031.
- In terms of end user, the North America medical gas outlet market is segmented into hospitals and clinics, home healthcare, and others. The hospitals and clinics segment held the largest market share in 2023; it is estimated to register the highest CAGR in the market during 2023–2031.
- In terms of piping materials, the North America medical gas outlet market is segmented into copper, carbon steel, stainless steel, plastic, and others. The copper segment accounted for the largest market share in 2023, and it is further estimated to register the highest CAGR in the market during 2023–2031.
North America Medical Gas Outlet Market Share Analysis by Region
The geographic scope of the North America medical gas outlet market report is mainly divided into three countries: US, Canada, and Mexico. The market growth in North America is ascribed to the surging prevalence of chronic diseases, expanding healthcare infrastructure, and growing advancements in medical gas delivery systems. The presence of prime manufacturers and their distributors across the region also benefits the market. Medical gas outlets are essential in healthcare settings, especially hospitals, clinics, and various medical facilities. Gas outlets serve as connections to provide critical medical gases that are essential in treatment and diagnostics. The utilization of medical gas outlets is increasing due to the burgeoning demand for medical gases in healthcare facilities across the US to treat prevalent diseases and trauma injuries as well as to induce anesthesia in surgical procedures. In 2020, there were 925,000 visits to the emergency department due to COPD, which translates to a rate of 279.1 visits per 100,000 people in the population of the US.
The growing incidence of respiratory diseases such as COPD and asthma highlights the importance of medical gases such as oxygen. Market players such as Tri-Tech Medical, Pattons Inc, and Allied Healthcare Products, Inc. offer a diverse range of medical gas outlets for various applications. Easy access and availability of products are contributing to the growing US medical gas outlets market size.
North America Medical Gas Outlet Market Report Scope
North America Medical Gas Outlet Market Report Coverage and Deliverables
The “North America Medical Gas Outlet Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- North America medical gas outlet market size and forecast at regional and country levels for all the key market segments covered under the scope
- North America medical gas outlet market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- North America medical gas outlet market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America medical gas outlet market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
By modality type, the market is segmented into wall mounted, console mounted, and others. The wall mounted segment held the largest share of the market in 2023.
Based on product type, the North America medical gas outlet market is divided into single connection and dual connection. The single connection segment held the largest market share in 2023.
In terms of end user, the market is segmented into hospitals and clinics, home healthcare, and others. The hospitals and clinics segment held the largest market share in 2023.
The US has dominated the medical gas outlet market owing to increasing demand for medical gases in US healthcare facilities to treat prevalent diseases and trauma injuries and induce anesthesia in surgical procedures along with growing presence of market players in the country.
The increasing number of surgical procedures and regulatory emphasis on patient safety are the key driving factors behind the market development.
The medical gas outlet market majorly consists of the players such BPR Medical, Amico Corporation, NOVAIR SAS, Amcaremed Medical, Pattons Medical, BeaconMedaes, Dragerwerk AG & Co KGaA, Allied Medical LLC, Ohio Medical, Tri-Tech Medical, and Genstar Technologies Company Inc..
Medical gas outlets are devices used in health establishments to provide access to medical gases (such as oxygen, nitrous oxide, compressed air, vacuum, etc.) through pipelines. These are highly essential in hospitals, clinics, and other medical facilities. The outlet is one of the most important components, as it allows medical staff to easily connect medical equipment (such as ventilators, anesthesia machines, or oxygen concentrators) to a continuous supply of gas.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Medical Gas Outlets Market Landscape
4.1 PEST Analysis
4.2 Sales Volume (Units) Of Medical Gas Outlets for 2023
4.3 North America Centralized Medical Gas Systems Market Value (US$ Mn), 2021-2031
4.4 North America Centralized Medical Gas Systems Market Volume (Units), 2021-2031
5. North America Medical Gas Outlets Market – Key Market Dynamics
5.1 North America Medical Gas Outlets Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increase in Number of Surgical Procedures
5.2.2 Regulatory Emphasis on Patient Safety
5.3 Market Restraints
5.3.1 Safety Concerns Associated with Medical Gas Systems
5.4 Market Opportunities
5.4.1 Innovations to Support Universal Design and Automatic Functionality
5.5 Future Trends
5.5.1 Focus on Safer, User-Friendly, and Sustainable Designs
5.6 Impact of Drivers and Restraints:
6. North America Medical Gas Outlets Market Analysis
6.1 North America Medical Gas Outlets Market Revenue (US$ Million), 2021–2031
6.2 North America Medical Gas Outlets Market Forecast and Analysis
7. North America Medical Gas Outlets Market Analysis – by Product Type
7.1 Single Connection
7.1.1 Overview
7.1.2 Single Connection: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Multi Connection
7.2.1 Overview
7.2.2 Multi Connection: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Medical Gas Outlets Market Analysis – by Modality Type
8.1 Wall Mounted
8.1.1 Overview
8.1.2 Wall Mounted: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Console Mounted
8.2.1 Overview
8.2.2 Console Mounted: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Other Modality Types
8.3.1 Overview
8.3.2 Other Modality Types: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Medical Gas Outlets Market Analysis – by End-user
9.1 Hospitals and Clinics
9.1.1 Overview
9.1.2 Hospitals and Clinics: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Home Healthcare
9.2.1 Overview
9.2.2 Home Healthcare: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Others End Users
9.3.1 Overview
9.3.2 Others End Users: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Medical Gas Outlets Market Analysis – by Piping Materials
10.1 Copper
10.1.1 Overview
10.1.2 Copper: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Carbon Steel
10.2.1 Overview
10.2.2 Carbon Steel: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Stainless Steel
10.3.1 Overview
10.3.2 Stainless Steel: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Plastic
10.4.1 Overview
10.4.2 Plastic: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Other Piping Materials
10.5.1 Overview
10.5.2 Other Piping Materials: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
11. North America Medical Gas Outlets Market – Country Analysis
11.1 North America
11.1.1 North America Medical Gas Outlets Market Breakdown by Countries
11.1.2 North America Medical Gas Outlets Market Revenue and Forecast and Analysis – by Country
11.1.2.1 North America Medical Gas Outlets Market Revenue and Forecast and Analysis – by Country
11.1.2.2 United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 United States: North America Medical Gas Outlets Market Breakdown by Product Type
11.1.2.2.2 United States: North America Medical Gas Outlets Market Breakdown by Modality Type
11.1.2.2.3 United States: North America Medical Gas Outlets Market Breakdown by End-user
11.1.2.2.4 United States: North America Medical Gas Outlets Market Breakdown by Piping Materials
11.1.2.3 Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 Canada: North America Medical Gas Outlets Market Breakdown by Product Type
11.1.2.3.2 Canada: North America Medical Gas Outlets Market Breakdown by Modality Type
11.1.2.3.3 Canada: North America Medical Gas Outlets Market Breakdown by End-user
11.1.2.3.4 Canada: North America Medical Gas Outlets Market Breakdown by Piping Materials
11.1.2.4 Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 Mexico: North America Medical Gas Outlets Market Breakdown by Product Type
11.1.2.4.2 Mexico: North America Medical Gas Outlets Market Breakdown by Modality Type
11.1.2.4.3 Mexico: North America Medical Gas Outlets Market Breakdown by End-user
11.1.2.4.4 Mexico: North America Medical Gas Outlets Market Breakdown by Piping Materials
12. Company Profiles
12.1 BPR Medical
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 AMICO GROUP OF COMPANIES
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 NOVAIR SAS
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 AMCAREMED TECHNOLOGY CO., LIMITED
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 Pattons Medical
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 BeaconMedaes
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 Dragerwerk AG & Co KGaA
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 Allied Medical LLC
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 Ohio Medical
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 Tri-Tech Medical
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
12.11 Genstar Technologies Company Inc.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.2 About The Insight Partners
List of Tables
Table 1. North America Medical Gas Outlets Market Segmentation
Table 2. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 4. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Modality Type
Table 5. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by End-user
Table 6. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Piping Materials
Table 7. North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 8. United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 9. United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Modality Type
Table 10. United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by End-user
Table 11. United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Piping Materials
Table 12. Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 13. Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Modality Type
Table 14. Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by End-user
Table 15. Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Piping Materials
Table 16. Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
Table 17. Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Modality Type
Table 18. Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by End-user
Table 19. Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million) – by Piping Materials
Table 20. Glossary of Terms, North Medical Gas Outlets Market
List of Figures
Figure 1. North America Medical Gas Outlets Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Medical Gas Outlets Market Revenue (US$ Million), 2021–2031
Figure 5. North America Medical Gas Outlets Market Share (%) – by Product Type, 2023 and 2031
Figure 6. Single Connection: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Multi Connection: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. North America Medical Gas Outlets Market Share (%) – by Modality Type, 2023 and 2031
Figure 9. Wall Mounted: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Console Mounted: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Other Modality Types: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. North America Medical Gas Outlets Market Share (%) – by End-user, 2023 and 2031
Figure 13. Hospitals and Clinics: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Home Healthcare: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others End Users: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. North America Medical Gas Outlets Market Share (%) – by Piping Materials, 2023 and 2031
Figure 17. Copper: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Carbon Steel: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Stainless Steel: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Plastic: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Other Piping Materials: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. North America Medical Gas Outlets Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 23. United States: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Canada: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Mexico: North America Medical Gas Outlets Market – Revenue and Forecast to 2031 (US$ Million)
The List of Companies - North America Medical Gas Outlet Market
- BPR Medical
- Amico Corporation
- NOVAIR SAS
- Amcaremed Medical
- Pattons Medical
- BeaconMedaes
- Dragerwerk AG & Co KGaA
- Allied Medical LLC
- Ohio Medical
- Tri-Tech Medical
- Genstar Technologies Company 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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Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application (Clinical, Medical Device, and Others), Service Type (Assay Development, Custom Viral Stock Production, Microbial Testing, and Others), Microorganisms (Bacteria, Fungi, Viruses, and Parasites), End User (Biotech and Pharmaceutical Companies, Medical Device Companies, and Others), and Geography
Dec 2024
Infusion Devices Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Infusion Pumps Pumps [Volumetric Pumps, Syringe Pumps, Insulin Pumps, Patient Control Analgesia (PCA) Pumps, Enteral Pumps, Implantable Pumps, and Elastomeric Pumps] and Infusion Sets [Vented Infusion Sets and Non-Vented Infusion Sets], Application (Diabetes, Oncology, Pain Management, Hematology, Pediatrics, Gastroenterology, and Others), End User (Hospitals and Specialty Clinics, Homecare Settings, Ambulatory Surgical Centers, and Others), and Geography
Dec 2024
Antimicrobial Surgical Suture Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Triclosan Antimicrobial Suture and Chlorhexidine Antimicrobial Suture), Raw Materials (Polyglactin 910 Antimicrobial Suture, Poliglecaprone 25, and Polyglycolic Acid), Application (Cardiovascular Surgery, General Surgery, Ophthalmic Surgery, Gynecological Surgery, Orthopedic Surgery, Plastic Surgery, Veterinary Surgery, Dental Surgery, and Others), End User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
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