The heart pump devices market is anticipated to grow in the forecast period owing to key factors such as increasing prevalence of chronic diseases such as cardiovascular diseases, growing elderly population, and increasing number of patients suffering with heart disorders. Moreover, regulatory approvals for new and advanced heart pump devices and high potential growth from the emerging nations offer opportunities in the growth of the global heart pump devices market.
The "Global Heart Pump Devices Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a focus on the global market trend. The report aims to provide an overview of global Heart pump devices market with detailed market segmentation by product, type, therapy and geography. The global heart pump devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heart pump devices market players and offers key trends and opportunities in the market.
The global heart pump devices market is segmented on the basis of product, type, and therapy. Based on product, the heart pump devices market is segmented as ventricular assist devices, intra-aortic balloon pumps, and total artificial heart. Based on type, the heart pump devices market is segmented as implantable heart pump devices and extracorporeal heart pump devices. Based on therapy, the heart pump devices market is segmented as bridge-to-candidacy (BTC), bridge-to-transplant (BTT), destination therapy (DT), and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heart pump devices market based on product, type, and therapy. It also provides market size and forecast till 2028 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Heart pump devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the heart pump devices market in the forecast period, due to the growing incidence of chronic diseases such as cardiovascular diseases, other heart-related diseases in this region as well as high presence of geriatric population. However, Asia Pacific region is expected to be the fastest growing region owing to existence of a large patient pool likely to undergo various cardiac surgical procedures, rising health care expenditure, and increase in unmet medical needs.
The report analyzes factors affecting heart pump devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the heart pump devices market in these regions.
The report also includes the profiles of key heart pump devices companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the heart pump devices market include, Abbott, ABIOMED, Medtronic, Getinge AB, SynCardia Systems, LLC, Teleflex Incorporated., TERUMO CORPORATION, ReliantHeart Inc., Berlin Heart, and CardiacAssist, Inc among others. 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Heart Pump Devices Market- By Product
1.3.2. Heart Pump Devices Market- By Type
1.3.3. Heart Pump Devices Market- By Therapy
1.3.4. Heart Pump Devices Market- By Region
1.3.4.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEART PUMP DEVICES 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. HEART PUMP DEVICES 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. HEART PUMP DEVICES MARKET- GLOBAL ANALYSIS
6.1. HEART PUMP DEVICES MARKET - GLOBAL MARKET OVERVIEW
6.2. HEART PUMP DEVICES MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. HEART PUMP DEVICES MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. VENTRICULAR ASSIST DEVICES MARKET
7.3.1. Overview
7.3.2. Ventricular Assist Devices Market Forecast and Analysis (US$ Mn)
7.3.3. Left Ventricular Assist Devices Market
7.3.3.1. Overview
7.3.3.2. Left Ventricular Assist Devices Market Forecast and Analysis (US$ Mn)
7.3.4. Right Ventricular Assist Devices Market
7.3.4.1. Overview
7.3.4.2. Right Ventricular Assist Devices Market Forecast and Analysis (US$ Mn)
7.3.5. Bi-Ventricular Assist Devices Market
7.3.5.1. Overview
7.3.5.2. Bi-Ventricular Assist Devices Market Forecast and Analysis (US$ Mn)
7.3.6. Percutaneous Ventricular Assist Devices Market
7.3.6.1. Overview
7.3.6.2. Percutaneous Ventricular Assist Devices Market Forecast and Analysis (US$ Mn)
7.4. INTRA-AORTIC BALLOON PUMPS MARKET
7.4.1. Overview
7.4.2. Intra-Aortic Balloon Pumps Market Forecast and Analysis (US$ Mn)
7.5. TOTAL ARTIFICIAL HEART MARKET
7.5.1. Overview
7.5.2. Total Artificial Heart Market Forecast and Analysis (US$ Mn)
8. HEART PUMP DEVICES MARKET REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. IMPLANTABLE HEART PUMP DEVICES MARKET
8.3.1. Overview
8.3.2. Implantable Heart Pump Devices Market Forecast and Analysis (US$ Mn)
8.4. EXTRACORPOREAL HEART PUMP DEVICES MARKET
8.4.1. Overview
8.4.2. Extracorporeal Heart Pump Devices Market Forecast and Analysis (US$ Mn)
9. HEART PUMP DEVICES MARKET REVENUE AND FORECASTS TO 2028 - THERAPY
9.1. OVERVIEW
9.2. THERAPY MARKET FORECASTS AND ANALYSIS
9.3. BRIDGE-TO-CANDIDACY (BTC) MARKET
9.3.1. Overview
9.3.2. Bridge-To-Candidacy (BTC) Market Forecast and Analysis (US$ Mn)
9.4. BRIDGE-TO-TRANSPLANT (BTT) MARKET
9.4.1. Overview
9.4.2. Bridge-To-Transplant (BTT) Market Forecast and Analysis (US$ Mn)
9.5. DESTINATION THERAPY (DT) MARKET
9.5.1. Overview
9.5.2. Destination Therapy (DT) Market Forecast and Analysis (US$ Mn)
9.6. OTHERS MARKET
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis (US$ Mn)
10. HEART PUMP DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA HEART PUMP DEVICES MARKET
10.1.1. North America Heart Pump Devices Market Forecasts and Analysis (US$ Mn)
10.1.2. North America Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.1.2.1. North America Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.3. North America Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.4. North America Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.1.5. North America Heart Pump Devices Market Forecasts and Analysis - By Country
10.1.6. US Market Overview
10.1.6.1. US Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.1.6.1.1. US Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.2. US Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.3. US Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.1.7. Canada Market Overview
10.1.7.1. Canada Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.1.7.1.1. Canada Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.2. Canada Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.3. Canada Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.1.8. Mexico Market Overview
10.1.8.1. Mexico Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.1.8.1.1. Mexico Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.2. Mexico Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.3. Mexico Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2. EUROPE HEART PUMP DEVICES MARKET
10.2.1. Europe Heart Pump Devices Market Forecasts and Analysis (US$ Mn)
10.2.2. Europe Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.2.1. Europe Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.3. Europe Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.4. Europe Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2.5. Europe Heart Pump Devices Market Forecasts and Analysis - By Country
10.2.6. UK Market Overview
10.2.6.1. UK Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.6.2. UK Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.3. UK Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.4. UK Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2.7. Germany Market Overview
10.2.7.1. Germany Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.7.1.1. Germany Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.2. Germany Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.3. Germany Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2.8. France Market Overview
10.2.8.1. France Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.8.1.1. France Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.2. France Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.3. France Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2.9. Italy Market Overview
10.2.9.1. Italy Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.9.1.1. Italy Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.2. Italy Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.3. Italy Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.2.10. Spain Market Overview
10.2.11. Spain Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.2.11.1.1. Spain Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.12. Spain Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.2.13. Spain Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3. ASIA PACIFIC HEART PUMP DEVICES MARKET
10.3.1. Asia Pacific Heart Pump Devices Market Forecasts and Analysis (US$ Mn)
10.3.2. Asia Pacific Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.2.1. Asia Pacific Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.3. Asia Pacific Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.4. Asia Pacific Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3.5. Asia Pacific Heart Pump Devices Market Forecasts and Analysis - By Country
10.3.6. China Market Overview
10.3.6.1. China Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.6.1.1. China Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.2. China Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.3. China Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3.7. Japan Market Overview
10.3.7.1. Japan Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.7.1.1. Japan Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.2. Japan Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.3. Japan Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3.8. India Market Overview
10.3.8.1. India Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.8.1.1. India Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.2. India Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.3. India Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3.9. South Korea Market Overview
10.3.9.1. South Korea Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.9.1.1. South Korea Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.2. South Korea Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.3. South Korea Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.3.10. Australia Market Overview
10.3.10.1. Australia Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.3.10.1.1. Australia Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.2. Australia Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.3. Australia Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.4. MIDDLE EAST AND AFRICA (MEA) HEART PUMP DEVICES MARKET
10.4.1. Middle East and Africa (MEA) Heart Pump Devices Market Forecasts and Analysis (US$ Mn)
10.4.2. Middle East and Africa (MEA) Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.4.2.1. Middle East and Africa Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.3. Middle East and Africa Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.4. Middle East and Africa (MEA) Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.4.5. Middle East and Africa (MEA) Heart Pump Devices Market Forecasts and Analysis - By Country
10.4.6. UAE Market Overview
10.4.6.1. UAE Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.4.6.1.1. UAE Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.2. UAE Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.3. UAE Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.4.7. Saudi Arabia Market Overview
10.4.7.1. Saudi Arabia Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.4.7.1.1. Saudi Arabia Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.2. Saudi Arabia Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.3. Saudi Arabia Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.4.8. South Africa Market Overview
10.4.8.1. South Africa Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.4.8.1.1. South Africa Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.2. South Africa Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.3. South Africa Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.5. SOUTH AND CENTRAL AMERICA HEART PUMP DEVICES MARKET
10.5.1. South and Central America Heart Pump Devices Market Forecasts and Analysis (US$ Mn)
10.5.2. South and Central America Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.5.2.1. South and Central America Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.3. South and Central America Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.4. South and Central America Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.5.5. South and Central America Heart Pump Devices Market Forecasts and Analysis - By Country
10.5.6. Brazil Market Overview
10.5.6.1. Brazil Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.5.6.1.1. Brazil Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.2. Brazil Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.3. Brazil Heart Pump Devices Market Forecasts and Analysis - By Therapy (US$ Mn)
10.5.7. Argentina Market Overview
10.5.7.1. Argentina Heart Pump Devices Market Forecasts and Analysis - By Product (US$ Mn)
10.5.7.1.1. Argentina Ventricular Assist Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.2. Argentina Heart Pump Devices Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.3. Argentina Heart Pump Devices Market Forecasts and Analysis - By Therapy (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. HEART PUMP DEVICES MARKET, KEY COMPANY PROFILES
12.1. ABBOTT
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. ABIOMED
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. MEDTRONIC
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. GETINGE AB
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. SYNCARDIA SYSTEMS, LLC
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. TELEFLEX INCORPORATED.
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. TERUMO CORPORATION
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. RELIANCHEART INC.
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. BERLIN HEART
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. CARDIACASSIST, INC.
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. Abbott
2. ABIOMED
3. Medtronic
4. Getinge AB
5. SynCardia Systems, LLC
6. Teleflex Incorporated.
7. TERUMO CORPORATION
8. ReliantHeart Inc.
9. Berlin Heart
10. CardiacAssist, 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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Apr 2024
Rapid Test Kits Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rapid Antigen Testing, Rapid Antibody Testing, and Others), Product (Over-the-Counter Rapid Testing Kit and Professional Rapid Testing Kit), Technology (Lateral Flow Assay, Solid Phase, Agglutination, Immunospot Assay, and Cellular Component-Based), Application (Blood Glucose Testing, Infectious Disease Testing, Pregnancy and Fertility, Cardiometabolic Testing, and Others), End User (Hospital and Clinics, Home Care, Diagnostics Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Apr 2024
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Apr 2024
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Apr 2024
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Apr 2024
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)