Central Venous Catheter Market Dynamics and Developments by 2031
Coverage: Central Venous Catheter Market covers analysis by Product (Peripherally-Inserted Central Catheter (PICC), Non-Tunneled Catheters, Tunneled Catheter, and Implanted Port), Application (Drug Administration, Fluid and Nutrition Administration, Blood Transfusion, and Diagnostics & Testing), End User (Hospitals, Clinics, Ambulatory Surgery Centers, and Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Oct 2025
- Report Code : TIPRE00003131
- Category : Life Sciences
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Central Venous Catheter Market is expected to register a CAGR of 6.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product (Peripherally-Inserted Central Catheter (PICC), Non-Tunneled Catheters, Tunneled Catheter, and Implanted Port). The market is further segmented based Application (Drug Administration, Fluid and Nutrition Administration, Blood Transfusion, and Diagnostics & Testing). The report further presents analysis based on End User (Hospitals, Clinics, Ambulatory Surgery Centers, and Others).The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Central Venous Catheter Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Central Venous Catheter Market Segmentation
Product- Peripherally-Inserted Central Catheter
- Non-Tunneled Catheters
- Tunneled Catheter
- Implanted Port
- Drug Administration
- Fluid and Nutrition Administration
- Blood Transfusion
- Diagnostics & Testing
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Central Venous Catheter Market Growth Drivers- Increasing incidences of accidents: Injuries resulting from accidents are among the some that can called for treatment without any delay. For example, CVCs are so paramount of which administration of drugs and transfusion of arrest products all takes place within a very short time. Given the increase in the frequency of accidents, hospitals are prized patrons of patient outpour especially in the wards with emergency care. Such times may encourage more use of CVCs given that it can be depended upon in the management of patients in the ICU. More injuries and traumatic cases has magnified the need for CVCs in the market
- Rising number of patients hospitalized for critical care: The aging population consists of patients with long term conditions such as cancer and cardiac diseases who frequently tend to require critical care services, thus the increasing cases of CVCs being used for treatment or monitoring. With an increased focus, as more of the world's population grows older the cases of people needing critical care such as stroke or respiratory failure also increases, hence the demand for central venous catheters. The rising number of patients hospitalized for critical care is indeed driving demand for Central Venous Catheters (CVCs).
- Rising prevalence of kidney diseases and the increase in number of dialysis patients: The debilitating effects of chronic kidney disease (CKD) are worsened by diabetes, hypertension, and age-related issues. More patients will therefore need dialysis treatment, which mostly involve CVCs for vascular access. For hemodialysis patients, insertion of CVCs is the preferred vascular access method when other options including arteriovenous fistula or arteriovenous graft have failed or cannot be performed. Consequently, these factors are propelling the demand for dialysis catheters. Emerging trends of kidney ailments and growing number of people on dialysis are primary influencers of market.
- Increasing Demand for Home Healthcare: The population is growing older, and thus, there are many more patients with chronic diseases who need treatment on a regular basis. Every one of such patients may receive home care, which means that they won’t have to visit the hospital very often. Also, home care can be more affordable than hospital admission hence lower the healthcare expenditure. This is why healthcare systems are now focusing on CVCs and other home healthcare technologies offered with considerable financial returns. The fact that there is an increase in the home care services is very much a trend in the Central Venous Catheters (CVC) market.
- Regulatory Support for Innovation: The trend of eliminating barriers to entry is also seen from the perspectiveof new medical devices including CVCs. This trend enables CVC manufacturers to speed up the availability of the new technology to the market and thus encourages the development of better technologies. The emphasis is on the products that are safer and less likely to cause adverse effects such as infections or thrombosis. This aspect of complication control is pushing the redesign of CVCs, materials therefore, and coatings. Regularized Encouragement of Innovation is also a trend which affects Central Venous Catheters (CVCs) market
- Training and Education Initiatives: : Practical training for health care personnel on appropriate insertion, care, and management of CVCs can help eliminate or significantly reduce complications like infection or thrombosis which are beneficial to the patients. Evidence Based Practice also permeates the Training Program as this provides the health care practitioners with the relevant and up to date skills especially in CVC management training. Training and education initiatives.
- Development of Bioabsorbable Catheters: The invention of bioabsorbable catheters has the potential to reduce the chances of getting infection from the conventional CVCs. The reason being, such catheters can be designed to dissolve after carrying out their intended functions. This may yield greater satisfaction to patients and inspired more healthcare personnel to embrace them. There are benefits that can be realized from the use of bioabsorbable materials in that during catheterization and even afterward the patient may be more at ease because there is less irritation and fewer effects of the foreign body compared to the catheters. Therefore the invention of the bioabsorbable catheters is very promising in regards to CVC market
- Rapidly developing Catheter Technology: Advancement in science of materials used is giving birth to better biocompatible and much more durable catheters. Use of friction avoiding and flexible materials will improve comfort and reduce risks such as thrombosis. The addition of sensors and wireless technology to CVCs renders the possibility of monitoring the patient’s vitals and catheter conditions, in real time. This improves the safety of the patients and gives useful information to the providers for appropriate action. The rapid advancement of the technology of catheters has opened up several prospects in the Central Venous Catheter (CVC) market.
- Telehealth and Remote Monitoring: It is possible to extend the functions of CVC to health services through telemonitoring. It means adjusting treatment timely, which leads to better performance of patients. There are CVCe management apps available for patients as well to help them take care of their catheters at home. In educational materials, patients are instructed on the symptoms of complications which facilitate less time reporting to the hospital. Telehealth and remote monitoring aspects of these devices are important
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Central Venous Catheter Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Central Venous Catheter Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
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to country scope.
Frequently Asked Questions
The Central Venous Catheter Market is estimated to witness a CAGR of 6.1% from 2023 to 2031
North America region accounted for the accounted for the highest market share
B Braun Melsungen AG, BD, Cook, and Teleflex Incorporated players accounted for major market shares in the year 2023
Asia Pacific region is the fastest growing in the market
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
Peripherally Inserted Central Catheter dominates from the product segment
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Central Venous Catheter Market- By Product
1.3.2. Central Venous Catheter Market- By Application
1.3.3. Central Venous Catheter Market- By End User
1.3.4. Central Venous Catheter Market- By Region
1.3.4.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CENTRAL VENOUS CATHETER MARKET LANDSCAPE
4.1. MARKET 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 & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. CENTRAL VENOUS CATHETER MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CENTRAL VENOUS CATHETER MARKET- GLOBAL ANALYSIS
6.1. CENTRAL VENOUS CATHETER MARKET - GLOBAL MARKET OVERVIEW
6.2. CENTRAL VENOUS CATHETER MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. CENTRAL VENOUS CATHETER MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PERIPHERALLY-INSERTED CENTRAL CATHETER (PICC) MARKET
7.3.1. Overview
7.3.2. Peripherally-Inserted Central Catheter (PICC) Market Forecast and Analysis (US$ Mn)
7.4. NON-TUNNELED CATHETERS MARKET
7.4.1. Overview
7.4.2. Non-Tunneled Catheters Market Forecast and Analysis (US$ Mn)
7.5. TUNNELED CATHETER MARKET
7.5.1. Overview
7.5.2. Tunneled Catheter Market Forecast and Analysis (US$ Mn)
7.6. IMPLANTED PORT MARKET
7.6.1. Overview
7.6.2. Implanted Port Market Forecast and Analysis (US$ Mn)
8. CENTRAL VENOUS CATHETER MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DRUG ADMINISTRATION MARKET
8.3.1. Overview
8.3.2. Drug Administration Market Forecast and Analysis (US$ Mn)
8.4. FLUID AND NUTRITION ADMINISTRATION MARKET
8.4.1. Overview
8.4.2. Fluid and Nutrition Administration Market Forecast and Analysis (US$ Mn)
8.5. BLOOD TRANSFUSION MARKET
8.5.1. Overview
8.5.2. Blood Transfusion Market Forecast and Analysis (US$ Mn)
8.6. DIAGNOSTICS & TESTING MARKET
8.6.1. Overview
8.6.2. Diagnostics & Testing Market Forecast and Analysis (US$ Mn)
9. CENTRAL VENOUS CATHETER MARKET REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS MARKET
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
9.4. AMBULATORY SURGERY CENTERS MARKET
9.4.1. Overview
9.4.2. Ambulatory Surgery Centers Market Forecast and Analysis (US$ Mn)
9.5. OTHERS MARKET
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis (US$ Mn)
10. CENTRAL VENOUS CATHETER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA CENTRAL VENOUS CATHETER MARKET
10.1.1. North America Central Venous Catheter Market Forecasts and Analysis (US$ Mn)
10.1.2. North America Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.1.3. North America Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.1.4. North America Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.1.5. North America Central Venous Catheter Market Forecasts and Analysis - By Country
10.1.6. US Market Overview
10.1.6.1. US Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.1.6.2. US Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.1.6.3. US Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.1.7. Canada Market Overview
10.1.7.1. Canada Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.1.7.2. Canada Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.1.7.3. Canada Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.1.8. Mexico Market Overview
10.1.8.1. Mexico Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.1.8.2. Mexico Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.1.8.3. Mexico Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2. EUROPE CENTRAL VENOUS CATHETER MARKET
10.2.1. Europe Central Venous Catheter Market Forecasts and Analysis (US$ Mn)
10.2.2. Europe Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.3. Europe Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.4. Europe Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2.5. Europe Central Venous Catheter Market Forecasts and Analysis - By Country
10.2.6. UK Market Overview
10.2.6.1. UK Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.6.2. UK Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.6.3. UK Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2.7. Germany Market Overview
10.2.7.1. Germany Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.7.2. Germany Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.7.3. Germany Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2.8. France Market Overview
10.2.8.1. France Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.8.2. France Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.8.3. France Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2.9. Italy Market Overview
10.2.9.1. Italy Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.9.2. Italy Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.9.3. Italy Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.2.10. Spain Market Overview
10.2.10.1. Spain Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.2.10.2. Spain Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.2.10.3. Spain Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3. ASIA PACIFIC CENTRAL VENOUS CATHETER MARKET
10.3.1. Asia Pacific Central Venous Catheter Market Forecasts and Analysis (US$ Mn)
10.3.2. Asia Pacific Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.3. Asia Pacific Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.4. Asia Pacific Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3.5. Asia Pacific Central Venous Catheter Market Forecasts and Analysis - By Country
10.3.6. Japan Market Overview
10.3.6.1. Japan Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.6.2. Japan Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.6.3. Japan Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3.7. India Market Overview
10.3.7.1. India Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.7.2. India Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.7.3. India Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3.8. China Market Overview
10.3.8.1. China Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.8.2. China Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.8.3. China Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3.9. South Korea Market Overview
10.3.9.1. South Korea Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.9.2. South Korea Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.9.3. South Korea Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.3.10. Australia Market Overview
10.3.10.1. Australia Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.3.10.2. Australia Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.3.10.3. Australia Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.4. MIDDLE EAST & AFRICA (MEA) CENTRAL VENOUS CATHETER MARKET
10.4.1. Middle East & Africa (MEA) Central Venous Catheter Market Forecasts and Analysis (US$ Mn)
10.4.2. Middle East & Africa (MEA) Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.4.3. Middle East & Africa (MEA) Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.4.4. Middle East & Africa (MEA) Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.4.5. Middle East & Africa (MEA) Central Venous Catheter Market Forecasts and Analysis - By Country
10.4.6. South Africa Market Overview
10.4.6.1. South Africa Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.4.6.2. South Africa Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.4.6.3. South Africa Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.4.7. Saudi Arabia Market Overview
10.4.7.1. Saudi Arabia Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.4.7.2. Saudi Arabia Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.4.7.3. Saudi Arabia Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.4.8. UAE Market Overview
10.4.8.1. UAE Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.4.8.2. UAE Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.4.8.3. UAE Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.5. SOUTH AND CENTRAL AMERICA CENTRAL VENOUS CATHETER MARKET
10.5.1. South and Central America Central Venous Catheter Market Forecasts and Analysis (US$ Mn)
10.5.2. South and Central America Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.5.3. South and Central America Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.5.4. South and Central America Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.5.5. South and Central America Central Venous Catheter Market Forecasts and Analysis - By Country
10.5.6. Brazil Market Overview
10.5.6.1. Brazil Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.5.6.2. Brazil Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.5.6.3. Brazil Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
10.5.7. Argentina Market Overview
10.5.7.1. Argentina Central Venous Catheter Market Forecasts and Analysis - By Product (US$ Mn)
10.5.7.2. Argentina Central Venous Catheter Market Forecasts and Analysis - By Application (US$ Mn)
10.5.7.3. Argentina Central Venous Catheter Market Forecasts and Analysis - By End User (US$ Mn)
11. INDUSTRY LANDSCAPE
11.1. ORGANIC GROWTH STRATEGIES
11.1.1. New Product Launches
11.1.2. Marketing & Promotional Activities
11.2. INORGANIC GROWTH STRATEGIES
11.2.1. Partnerships, Collaborations, and Joint Ventures
11.2.2. Mergers & Acquisitions
12. CENTRAL VENOUS CATHETER MARKET, KEY COMPANY PROFILES
12.1. B. BRAUN MELSUNGEN AG
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BD
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COOK
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. TELEFLEX INCORPORATED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SIEMENS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ANGIODYNAMICS, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MEDTRONIC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SMITHS MEDICAL
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. VYGON SA
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. KIMAL
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. B. Braun Melsungen AG
2. BD
3. Cook
4. Teleflex Incorporated
5. Siemens
6. AngioDynamics, Inc.
7. Medtronic
8. Smiths Medical
9. Vygon SA
10. Kimal
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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