The Medical Endoscopes Market is expected to register a CAGR of 8.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Medical Endoscopes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product ( Rigid Endoscopes, Flexible Endoscopes, Capsule Endoscopes, Disposable Endoscopes, Robot Assisted Endoscopes ); Application ( Gastrointestinal (GI) endoscopy, Laparoscopy, Obstetrics/gynaecology endoscopy, Arthroscopy, Urology endoscopy ); End User ( Hospitals, Ambulatory Surgical Centers, Others ) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
Purpose of the ReportThe report Medical Endoscopes 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.
Medical Endoscopes Market Segmentation
Product- Rigid Endoscopes
- Flexible Endoscopes
- Capsule Endoscopes
- Disposable Endoscopes
- Robot Assisted Endoscopes
- Gastrointestinal endoscopy
- Laparoscopy
- Obstetrics/gynaecology endoscopy
- Arthroscopy
- Urology endoscopy
- Hospitals
- Ambulatory Surgical Centers
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Medical Endoscopes Market Growth Drivers- Increasing Prevalence of Neurological Disorders: One of the main causes is the rising incidence of neurological disorders like epilepsy, brain tumors, and neurodegenerative diseases. The need for neurosurgical goods is rising as a result of an older population that is more vulnerable to these conditions and requires more surgical procedures.
- Preference for Minimally Invasive Techniques: Patients and healthcare professionals are increasingly choosing minimally invasive surgical techniques over more conventional methods. Neurological products are essential to these methods because they offer reduced pain, short hospital stays which improves accuracy and shortens recuperation periods.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Enhanced Healthcare Infrastructure: The adoption of cutting-edge neurosurgical technologies is facilitated by rising healthcare spending and advancements in healthcare infrastructure, especially in industrialized nations like North America. The ability of hospitals to manage complicated neurosurgical patients is growing, which is driving market expansion.
- Technological Advancements: Robotic-assisted surgery, endoscopic treatments, and sophisticated imaging systems are examples of minimally invasive surgical techniques and technology that have improved surgical results and shortened recovery periods. These developments enable less complicated and more accurate interventions. Planning and carrying out surgeries is improved by the use of artificial intelligence and cutting-edge imaging technologies. By assisting surgeons in making better judgments during procedures, these tools eventually improve patient outcomes.
- Robotic-Assisted Surgery : Robotic devices, like the da Vinci Surgical System, enable extremely accurate surgical procedures through tiny incisions. By reducing tissue injury and postoperative difficulties, this technology helps the surgeon execute intricate procedures more precisely and precisely.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Integration with Automation : During surgery, neuro-navigation systems give surgeons real-time imaging capabilities to help them navigate complex brain regions. By enabling improved visualization and targeting of particular brain regions, these technologies increase process precision.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Miniaturization of Devices: Less invasive procedures are made possible by the development toward smaller surgical equipment. Compared to open operations, smaller devices can perform surgeries through tiny incisions, which shortens recovery times and minimizes scarring.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Multi-Functional Devices: Neurosurgeons now have more treatment options because to the creation of multipurpose gadgets that combine therapeutic and diagnostic functions. By enabling simultaneous diagnosis and treatment, these technologies expedite processes and increase overall effectiveness.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Augmented Reality (AR) and Artificial Intelligence (AI): The accuracy of minimally invasive procedures is improved when AR and AI are incorporated into surgical planning. These tools let surgeons better perceive intricate anatomical linkages during preoperative planning and intraoperative navigation.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Endoscopes 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 Medical Endoscopes 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
This text is related
to country scope.
Frequently Asked Questions
High Competition and Price Pressure
Miniaturization of Devices
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
The Medical Endoscopes Market is estimated to witness a CAGR of 8.5% from 2023 to 2031
Increasing Prevalence of Neurological Diseases
Asia Pacific region is expected to witness the highest growth during the forecast period
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Endoscopes Market - By Product
1.3.2 Medical Endoscopes Market - By Application
1.3.3 Medical Endoscopes Market - By End User
1.3.4 Medical Endoscopes Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL ENDOSCOPES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEDICAL ENDOSCOPES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEDICAL ENDOSCOPES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL ENDOSCOPES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL ENDOSCOPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL ENDOSCOPES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. RIGID ENDOSCOPES
7.3.1. Overview
7.3.2. Rigid Endoscopes Market Forecast and Analysis
7.3.3. Laparoscopes Market
7.3.3.1. Overview
7.3.3.2. Laparoscopes Market Forecast and Analysis
7.3.4. Arthroscopes Market
7.3.4.1. Overview
7.3.4.2. Arthroscopes Market Forecast and Analysis
7.3.5. Urology endoscopes Market
7.3.5.1. Overview
7.3.5.2. Urology endoscopes Market Forecast and Analysis
7.3.6. Cystoscopes Market
7.3.6.1. Overview
7.3.6.2. Cystoscopes Market Forecast and Analysis
7.3.7. Gynecology endoscopes Market
7.3.7.1. Overview
7.3.7.2. Gynecology endoscopes Market Forecast and Analysis
7.3.8. Neuroendoscopes Market
7.3.8.1. Overview
7.3.8.2. Neuroendoscopes Market Forecast and Analysis
7.3.9. Other rigid endoscopes Market
7.3.9.1. Overview
7.3.9.2. Other rigid endoscopes Market Forecast and Analysis
7.4. FLEXIBLE ENDOSCOPES
7.4.1. Overview
7.4.2. Flexible Endoscopes Market Forecast and Analysis
7.4.3. Upper gastrointestinal endoscopes Market
7.4.3.1. Overview
7.4.3.2. Upper gastrointestinal endoscopes Market Forecast and Analysis
7.4.4. Colonoscopes Market
7.4.4.1. Overview
7.4.4.2. Colonoscopes Market Forecast and Analysis
7.4.5. Bronchoscopes Market
7.4.5.1. Overview
7.4.5.2. Bronchoscopes Market Forecast and Analysis
7.4.6. Sigmoidoscopes Market
7.4.6.1. Overview
7.4.6.2. Sigmoidoscopes Market Forecast and Analysis
7.4.7. Laryngoscopes Market
7.4.7.1. Overview
7.4.7.2. Laryngoscopes Market Forecast and Analysis
7.4.8. Pharyngoscopes Market
7.4.8.1. Overview
7.4.8.2. Pharyngoscopes Market Forecast and Analysis
7.4.9. Duodenoscopes Market
7.4.9.1. Overview
7.4.9.2. Duodenoscopes Market Forecast and Analysis
7.4.10. Nasopharyngoscopes Market
7.4.10.1. Overview
7.4.10.2. Nasopharyngoscopes Market Forecast and Analysis
7.4.11. Rhinoscopes Market
7.4.11.1. Overview
7.4.11.2. Rhinoscopes Market Forecast and Analysis
7.4.12. Other flexible endoscopes Market
7.4.12.1. Overview
7.4.12.2. Other flexible endoscopes Market Forecast and Analysis
7.5. CAPSULE ENDOSCOPES
7.5.1. Overview
7.5.2. Capsule Endoscopes Market Forecast and Analysis
7.6. DISPOSABLE ENDOSCOPES
7.6.1. Overview
7.6.2. Disposable Endoscopes Market Forecast and Analysis
7.7. ROBOT ASSISTED ENDOSCOPES
7.7.1. Overview
7.7.2. Robot Assisted Endoscopes Market Forecast and Analysis
8. MEDICAL ENDOSCOPES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GASTROINTESTINAL (GI) ENDOSCOPY
8.3.1. Overview
8.3.2. Gastrointestinal (GI) endoscopy Market Forecast and Analysis
8.4. LAPAROSCOPY
8.4.1. Overview
8.4.2. Laparoscopy Market Forecast and Analysis
8.5. OBSTETRICS/GYNAECOLOGY ENDOSCOPY
8.5.1. Overview
8.5.2. Obstetrics/gynaecology endoscopy Market Forecast and Analysis
8.6. ARTHROSCOPY
8.6.1. Overview
8.6.2. Arthroscopy Market Forecast and Analysis
8.7. UROLOGY ENDOSCOPY
8.7.1. Overview
8.7.2. Urology endoscopy Market Forecast and Analysis
9. MEDICAL ENDOSCOPES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. AMBULATORY SURGICAL CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. MEDICAL ENDOSCOPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Endoscopes Market Overview
10.1.2 North America Medical Endoscopes Market Forecasts and Analysis
10.1.3 North America Medical Endoscopes Market Forecasts and Analysis - By Product
10.1.4 North America Medical Endoscopes Market Forecasts and Analysis - By Application
10.1.5 North America Medical Endoscopes Market Forecasts and Analysis - By End User
10.1.6 North America Medical Endoscopes Market Forecasts and Analysis - By Countries
10.1.6.1 United States Medical Endoscopes Market
10.1.6.1.1 United States Medical Endoscopes Market by Product
10.1.6.1.2 United States Medical Endoscopes Market by Application
10.1.6.1.3 United States Medical Endoscopes Market by End User
10.1.6.2 Canada Medical Endoscopes Market
10.1.6.2.1 Canada Medical Endoscopes Market by Product
10.1.6.2.2 Canada Medical Endoscopes Market by Application
10.1.6.2.3 Canada Medical Endoscopes Market by End User
10.1.6.3 Mexico Medical Endoscopes Market
10.1.6.3.1 Mexico Medical Endoscopes Market by Product
10.1.6.3.2 Mexico Medical Endoscopes Market by Application
10.1.6.3.3 Mexico Medical Endoscopes Market by End User
10.2. EUROPE
10.2.1 Europe Medical Endoscopes Market Overview
10.2.2 Europe Medical Endoscopes Market Forecasts and Analysis
10.2.3 Europe Medical Endoscopes Market Forecasts and Analysis - By Product
10.2.4 Europe Medical Endoscopes Market Forecasts and Analysis - By Application
10.2.5 Europe Medical Endoscopes Market Forecasts and Analysis - By End User
10.2.6 Europe Medical Endoscopes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Endoscopes Market
10.2.6.1.1 Germany Medical Endoscopes Market by Product
10.2.6.1.2 Germany Medical Endoscopes Market by Application
10.2.6.1.3 Germany Medical Endoscopes Market by End User
10.2.6.2 France Medical Endoscopes Market
10.2.6.2.1 France Medical Endoscopes Market by Product
10.2.6.2.2 France Medical Endoscopes Market by Application
10.2.6.2.3 France Medical Endoscopes Market by End User
10.2.6.3 Italy Medical Endoscopes Market
10.2.6.3.1 Italy Medical Endoscopes Market by Product
10.2.6.3.2 Italy Medical Endoscopes Market by Application
10.2.6.3.3 Italy Medical Endoscopes Market by End User
10.2.6.4 Spain Medical Endoscopes Market
10.2.6.4.1 Spain Medical Endoscopes Market by Product
10.2.6.4.2 Spain Medical Endoscopes Market by Application
10.2.6.4.3 Spain Medical Endoscopes Market by End User
10.2.6.5 United Kingdom Medical Endoscopes Market
10.2.6.5.1 United Kingdom Medical Endoscopes Market by Product
10.2.6.5.2 United Kingdom Medical Endoscopes Market by Application
10.2.6.5.3 United Kingdom Medical Endoscopes Market by End User
10.2.6.6 Rest of Europe Medical Endoscopes Market
10.2.6.6.1 Rest of Europe Medical Endoscopes Market by Product
10.2.6.6.2 Rest of Europe Medical Endoscopes Market by Application
10.2.6.6.3 Rest of Europe Medical Endoscopes Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Endoscopes Market Overview
10.3.2 Asia-Pacific Medical Endoscopes Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Endoscopes Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Medical Endoscopes Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Medical Endoscopes Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Medical Endoscopes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Endoscopes Market
10.3.6.1.1 Australia Medical Endoscopes Market by Product
10.3.6.1.2 Australia Medical Endoscopes Market by Application
10.3.6.1.3 Australia Medical Endoscopes Market by End User
10.3.6.2 China Medical Endoscopes Market
10.3.6.2.1 China Medical Endoscopes Market by Product
10.3.6.2.2 China Medical Endoscopes Market by Application
10.3.6.2.3 China Medical Endoscopes Market by End User
10.3.6.3 India Medical Endoscopes Market
10.3.6.3.1 India Medical Endoscopes Market by Product
10.3.6.3.2 India Medical Endoscopes Market by Application
10.3.6.3.3 India Medical Endoscopes Market by End User
10.3.6.4 Japan Medical Endoscopes Market
10.3.6.4.1 Japan Medical Endoscopes Market by Product
10.3.6.4.2 Japan Medical Endoscopes Market by Application
10.3.6.4.3 Japan Medical Endoscopes Market by End User
10.3.6.5 South Korea Medical Endoscopes Market
10.3.6.5.1 South Korea Medical Endoscopes Market by Product
10.3.6.5.2 South Korea Medical Endoscopes Market by Application
10.3.6.5.3 South Korea Medical Endoscopes Market by End User
10.3.6.6 Rest of Asia-Pacific Medical Endoscopes Market
10.3.6.6.1 Rest of Asia-Pacific Medical Endoscopes Market by Product
10.3.6.6.2 Rest of Asia-Pacific Medical Endoscopes Market by Application
10.3.6.6.3 Rest of Asia-Pacific Medical Endoscopes Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Endoscopes Market Overview
10.4.2 Middle East and Africa Medical Endoscopes Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Endoscopes Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Medical Endoscopes Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Medical Endoscopes Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Medical Endoscopes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Endoscopes Market
10.4.6.1.1 South Africa Medical Endoscopes Market by Product
10.4.6.1.2 South Africa Medical Endoscopes Market by Application
10.4.6.1.3 South Africa Medical Endoscopes Market by End User
10.4.6.2 Saudi Arabia Medical Endoscopes Market
10.4.6.2.1 Saudi Arabia Medical Endoscopes Market by Product
10.4.6.2.2 Saudi Arabia Medical Endoscopes Market by Application
10.4.6.2.3 Saudi Arabia Medical Endoscopes Market by End User
10.4.6.3 U.A.E Medical Endoscopes Market
10.4.6.3.1 U.A.E Medical Endoscopes Market by Product
10.4.6.3.2 U.A.E Medical Endoscopes Market by Application
10.4.6.3.3 U.A.E Medical Endoscopes Market by End User
10.4.6.4 Rest of Middle East and Africa Medical Endoscopes Market
10.4.6.4.1 Rest of Middle East and Africa Medical Endoscopes Market by Product
10.4.6.4.2 Rest of Middle East and Africa Medical Endoscopes Market by Application
10.4.6.4.3 Rest of Middle East and Africa Medical Endoscopes Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Endoscopes Market Overview
10.5.2 South and Central America Medical Endoscopes Market Forecasts and Analysis
10.5.3 South and Central America Medical Endoscopes Market Forecasts and Analysis - By Product
10.5.4 South and Central America Medical Endoscopes Market Forecasts and Analysis - By Application
10.5.5 South and Central America Medical Endoscopes Market Forecasts and Analysis - By End User
10.5.6 South and Central America Medical Endoscopes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Endoscopes Market
10.5.6.1.1 Brazil Medical Endoscopes Market by Product
10.5.6.1.2 Brazil Medical Endoscopes Market by Application
10.5.6.1.3 Brazil Medical Endoscopes Market by End User
10.5.6.2 Argentina Medical Endoscopes Market
10.5.6.2.1 Argentina Medical Endoscopes Market by Product
10.5.6.2.2 Argentina Medical Endoscopes Market by Application
10.5.6.2.3 Argentina Medical Endoscopes Market by End User
10.5.6.3 Rest of South and Central America Medical Endoscopes Market
10.5.6.3.1 Rest of South and Central America Medical Endoscopes Market by Product
10.5.6.3.2 Rest of South and Central America Medical Endoscopes Market by Application
10.5.6.3.3 Rest of South and Central America Medical Endoscopes Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL ENDOSCOPES MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MEDICAL ENDOSCOPES MARKET, KEY COMPANY PROFILES
13.1. OLYMPUS CORPORATION
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. ETHICON LLC (JOHNSON AND JOHNSON SERVICES, INC.)
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. FUJIFILM HOLDINGS CORPORATION
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. BOSTON SCIENTIFIC CORPORATION
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. KARL STORZ GMBH AND CO. KG
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. STRYKER
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. PENTAX 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. CONMED CORPORATION
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. RICHARD WOLF MEDICAL INSTRUMENTS CORPORATION
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. MEDTRONIC
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Olympus Corporation
2. Ethicon LLC (Johnson and Johnson Services, Inc.)
3. Fujifilm Holdings Corporation
4. Boston Scientific Corporation
5. Karl Storz GmbH and Co. KG
6. Stryker
7. PENTAX Medical
8. CONMED Corporation
9. Richard Wolf Medical Instruments Corporation
10. Medtronic
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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