IV Administration Sets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: IV Administration Sets Market covers analysis By Type (Standard Gravity IV Administration Sets, IV Administration Sets); Usage Pattern (Primary IV Administration Sets, Secondary IV Administration Sets); Application (Blood Administration Sets, Veterinary Administration Sets, Epidural Administration Sets, Chemotherapy Administration Sets, Autohemotherapy Administration Sets); End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00023938
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

IV administration sets, commonly called IV sets, are accessories that provide healthcare providers with a fast and effective way to deliver medications and fluids to patients. They are required to treat various conditions like dehydration, electrolyte imbalance, and other conditions requiring specialized medication delivery. The intravenous route is the fastest way to deliver medications or fluid replacement substances into the body through veins. The liquid delivery rate can be adjusted via a roller clamp of an IV administration set. There are two administration sets: primary and secondary, and both are slightly different from each other.

MARKET SCOPE

The "Global IV Administration Sets Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the IV administration sets market with detailed market segmentation by type, usage pattern, application, end user, and geography. The report provides key statistics on the market status of the leading IV administration sets market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on type, the global IV administration sets market is segmented into standard gravity IV administration sets and IV administration sets.
  •  On the basis of usage pattern, the market is bifurcated into primary IV administration sets and secondary IV administration sets.
  •  Based on application, the market is segmented into blood administration sets, veterinary administration sets, epidural administration sets, chemotherapy administration sets and autohemotherapy administration sets.
  •  On the basis of end-users, the market is bifurcated into hospitals, clinics, ambulatory surgical centers and home care settings.

MARKET DYNAMICS
Drivers:

  •   The increasing number of patients hospitalized for various treatments and rising adoption of advanced treatment options drive the demand for IV administration sets market.
  •   The growing geriatric population and rise in prevalence of chronic diseases boost the market growth.
  •   Rising incidence of lifestyle diseases and developing health care facilities fuel market growth.

Restraints:

  •   Increasing incidence of medication errors and product recalls.
  •   Stringent regulatory requirements.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IV administration sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the IV administration sets market in these regions.

IMPACT OF COVID-19 ON IV ADMINISTRATION SETS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to halted imports, there was an adverse effect on the finances of most healthcare companies, as they suffered from a supply chain crisis and limited raw material availability. There has been a notable negative impact on the medical device market, including IV administration sets, as there was a shortage of manpower, and the manufacturer's focus was increasing towards investing in COVID products. Some infusion therapy businesses have also been significantly affected, which directly impacted the growth of this market. However, due to the increasing demand for the sets, the market is anticipated to witness growth in the future.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IV administration sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting the IV administration sets market in these regions.

IMPACT OF COVID-19 ON IV ADMINISTRATION SETS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to halted imports, there was an adverse effect on the finances of most healthcare companies, as they suffered from a supply chain crisis and limited raw material availability. There has been a notable negative impact on the medical device market, including IV administration sets, as there was a shortage of manpower, and the manufacturer's focus was increasing towards investing in COVID products. Some infusion therapy businesses have also been significantly affected, which directly impacted the growth of this market. However, due to the increasing demand for the sets, the market is anticipated to witness growth in the future.

MARKET PLAYERS

The report covers key developments in the IV administration sets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from IV administration sets market are anticipated to have lucrative growth opportunities in the future with the rising demand for IV administration sets in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IV administration sets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  BD
  •  B. Braun Medical
  •  Baxter
  •  ACE Medical
  •  Poly Medicure Limited
  •  Doran International
  •  Merit Medical Systems, Inc.
  •  Hospira
  •  Codan
  •  Medtronic
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IV Administration Sets Market - By Type
1.3.2 IV Administration Sets Market - By Usage Pattern
1.3.3 IV Administration Sets Market - By Application
1.3.4 IV Administration Sets Market - By End-User
1.3.5 IV Administration Sets Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. IV ADMINISTRATION SETS 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. IV ADMINISTRATION SETS 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. IV ADMINISTRATION SETS MARKET - GLOBAL MARKET ANALYSIS
6.1. IV ADMINISTRATION SETS - GLOBAL MARKET OVERVIEW
6.2. IV ADMINISTRATION SETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STANDARD GRAVITY IV ADMINISTRATION SETS
7.3.1. Overview
7.3.2. Standard Gravity IV Administration Sets Market Forecast and Analysis
7.4. IV ADMINISTRATION SETS
7.4.1. Overview
7.4.2. IV Administration Sets Market Forecast and Analysis
8. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - USAGE PATTERN
8.1. OVERVIEW
8.2. USAGE PATTERN MARKET FORECASTS AND ANALYSIS
8.3. PRIMARY IV ADMINISTRATION SETS
8.3.1. Overview
8.3.2. Primary IV Administration Sets Market Forecast and Analysis
8.4. SECONDARY IV ADMINISTRATION SETS
8.4.1. Overview
8.4.2. Secondary IV Administration Sets Market Forecast and Analysis
9. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BLOOD ADMINISTRATION SETS
9.3.1. Overview
9.3.2. Blood Administration Sets Market Forecast and Analysis
9.4. VETERINARY ADMINISTRATION SETS
9.4.1. Overview
9.4.2. Veterinary Administration Sets Market Forecast and Analysis
9.5. EPIDURAL ADMINISTRATION SETS
9.5.1. Overview
9.5.2. Epidural Administration Sets Market Forecast and Analysis
9.6. CHEMOTHERAPY ADMINISTRATION SETS
9.6.1. Overview
9.6.2. Chemotherapy Administration Sets Market Forecast and Analysis
9.7. AUTOHEMOTHERAPY ADMINISTRATION SETS
9.7.1. Overview
9.7.2. Autohemotherapy Administration Sets Market Forecast and Analysis
10. IV ADMINISTRATION SETS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. CLINICS
10.4.1. Overview
10.4.2. Clinics Market Forecast and Analysis
10.5. AMBULATORY SURGICAL CENTERS
10.5.1. Overview
10.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.6. HOME CARE SETTINGS
10.6.1. Overview
10.6.2. Home Care Settings Market Forecast and Analysis

11. IV ADMINISTRATION SETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America IV Administration Sets Market Overview
11.1.2 North America IV Administration Sets Market Forecasts and Analysis
11.1.3 North America IV Administration Sets Market Forecasts and Analysis - By Type
11.1.4 North America IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.1.5 North America IV Administration Sets Market Forecasts and Analysis - By Application
11.1.6 North America IV Administration Sets Market Forecasts and Analysis - By End-User
11.1.7 North America IV Administration Sets Market Forecasts and Analysis - By Countries
11.1.7.1 Canada IV Administration Sets Market
11.1.7.1.1 Canada IV Administration Sets Market by Type
11.1.7.1.2 Canada IV Administration Sets Market by Usage Pattern
11.1.7.1.3 Canada IV Administration Sets Market by Application
11.1.7.1.4 Canada IV Administration Sets Market by End-User
11.1.7.2 Mexico IV Administration Sets Market
11.1.7.2.1 Mexico IV Administration Sets Market by Type
11.1.7.2.2 Mexico IV Administration Sets Market by Usage Pattern
11.1.7.2.3 Mexico IV Administration Sets Market by Application
11.1.7.2.4 Mexico IV Administration Sets Market by End-User
11.1.7.3 US IV Administration Sets Market
11.1.7.3.1 US IV Administration Sets Market by Type
11.1.7.3.2 US IV Administration Sets Market by Usage Pattern
11.1.7.3.3 US IV Administration Sets Market by Application
11.1.7.3.4 US IV Administration Sets Market by End-User
11.2. EUROPE
11.2.1 Europe IV Administration Sets Market Overview
11.2.2 Europe IV Administration Sets Market Forecasts and Analysis
11.2.3 Europe IV Administration Sets Market Forecasts and Analysis - By Type
11.2.4 Europe IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.2.5 Europe IV Administration Sets Market Forecasts and Analysis - By Application
11.2.6 Europe IV Administration Sets Market Forecasts and Analysis - By End-User
11.2.7 Europe IV Administration Sets Market Forecasts and Analysis - By Countries
11.2.7.1 Germany IV Administration Sets Market
11.2.7.1.1 Germany IV Administration Sets Market by Type
11.2.7.1.2 Germany IV Administration Sets Market by Usage Pattern
11.2.7.1.3 Germany IV Administration Sets Market by Application
11.2.7.1.4 Germany IV Administration Sets Market by End-User
11.2.7.2 France IV Administration Sets Market
11.2.7.2.1 France IV Administration Sets Market by Type
11.2.7.2.2 France IV Administration Sets Market by Usage Pattern
11.2.7.2.3 France IV Administration Sets Market by Application
11.2.7.2.4 France IV Administration Sets Market by End-User
11.2.7.3 Italy IV Administration Sets Market
11.2.7.3.1 Italy IV Administration Sets Market by Type
11.2.7.3.2 Italy IV Administration Sets Market by Usage Pattern
11.2.7.3.3 Italy IV Administration Sets Market by Application
11.2.7.3.4 Italy IV Administration Sets Market by End-User
11.2.7.4 Spain IV Administration Sets Market
11.2.7.4.1 Spain IV Administration Sets Market by Type
11.2.7.4.2 Spain IV Administration Sets Market by Usage Pattern
11.2.7.4.3 Spain IV Administration Sets Market by Application
11.2.7.4.4 Spain IV Administration Sets Market by End-User
11.2.7.5 United Kingdom IV Administration Sets Market
11.2.7.5.1 United Kingdom IV Administration Sets Market by Type
11.2.7.5.2 United Kingdom IV Administration Sets Market by Usage Pattern
11.2.7.5.3 United Kingdom IV Administration Sets Market by Application
11.2.7.5.4 United Kingdom IV Administration Sets Market by End-User
11.2.7.6 Rest of Europe IV Administration Sets Market
11.2.7.6.1 Rest of Europe IV Administration Sets Market by Type
11.2.7.6.2 Rest of Europe IV Administration Sets Market by Usage Pattern
11.2.7.6.3 Rest of Europe IV Administration Sets Market by Application
11.2.7.6.4 Rest of Europe IV Administration Sets Market by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific IV Administration Sets Market Overview
11.3.2 Asia-Pacific IV Administration Sets Market Forecasts and Analysis
11.3.3 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.3.5 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific IV Administration Sets Market Forecasts and Analysis - By Countries
11.3.7.1 Australia IV Administration Sets Market
11.3.7.1.1 Australia IV Administration Sets Market by Type
11.3.7.1.2 Australia IV Administration Sets Market by Usage Pattern
11.3.7.1.3 Australia IV Administration Sets Market by Application
11.3.7.1.4 Australia IV Administration Sets Market by End-User
11.3.7.2 China IV Administration Sets Market
11.3.7.2.1 China IV Administration Sets Market by Type
11.3.7.2.2 China IV Administration Sets Market by Usage Pattern
11.3.7.2.3 China IV Administration Sets Market by Application
11.3.7.2.4 China IV Administration Sets Market by End-User
11.3.7.3 India IV Administration Sets Market
11.3.7.3.1 India IV Administration Sets Market by Type
11.3.7.3.2 India IV Administration Sets Market by Usage Pattern
11.3.7.3.3 India IV Administration Sets Market by Application
11.3.7.3.4 India IV Administration Sets Market by End-User
11.3.7.4 Japan IV Administration Sets Market
11.3.7.4.1 Japan IV Administration Sets Market by Type
11.3.7.4.2 Japan IV Administration Sets Market by Usage Pattern
11.3.7.4.3 Japan IV Administration Sets Market by Application
11.3.7.4.4 Japan IV Administration Sets Market by End-User
11.3.7.5 South Korea IV Administration Sets Market
11.3.7.5.1 South Korea IV Administration Sets Market by Type
11.3.7.5.2 South Korea IV Administration Sets Market by Usage Pattern
11.3.7.5.3 South Korea IV Administration Sets Market by Application
11.3.7.5.4 South Korea IV Administration Sets Market by End-User
11.3.7.6 Rest of Asia-Pacific IV Administration Sets Market
11.3.7.6.1 Rest of Asia-Pacific IV Administration Sets Market by Type
11.3.7.6.2 Rest of Asia-Pacific IV Administration Sets Market by Usage Pattern
11.3.7.6.3 Rest of Asia-Pacific IV Administration Sets Market by Application
11.3.7.6.4 Rest of Asia-Pacific IV Administration Sets Market by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa IV Administration Sets Market Overview
11.4.2 Middle East and Africa IV Administration Sets Market Forecasts and Analysis
11.4.3 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.4.5 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa IV Administration Sets Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa IV Administration Sets Market
11.4.7.1.1 South Africa IV Administration Sets Market by Type
11.4.7.1.2 South Africa IV Administration Sets Market by Usage Pattern
11.4.7.1.3 South Africa IV Administration Sets Market by Application
11.4.7.1.4 South Africa IV Administration Sets Market by End-User
11.4.7.2 Saudi Arabia IV Administration Sets Market
11.4.7.2.1 Saudi Arabia IV Administration Sets Market by Type
11.4.7.2.2 Saudi Arabia IV Administration Sets Market by Usage Pattern
11.4.7.2.3 Saudi Arabia IV Administration Sets Market by Application
11.4.7.2.4 Saudi Arabia IV Administration Sets Market by End-User
11.4.7.3 U.A.E IV Administration Sets Market
11.4.7.3.1 U.A.E IV Administration Sets Market by Type
11.4.7.3.2 U.A.E IV Administration Sets Market by Usage Pattern
11.4.7.3.3 U.A.E IV Administration Sets Market by Application
11.4.7.3.4 U.A.E IV Administration Sets Market by End-User
11.4.7.4 Rest of Middle East and Africa IV Administration Sets Market
11.4.7.4.1 Rest of Middle East and Africa IV Administration Sets Market by Type
11.4.7.4.2 Rest of Middle East and Africa IV Administration Sets Market by Usage Pattern
11.4.7.4.3 Rest of Middle East and Africa IV Administration Sets Market by Application
11.4.7.4.4 Rest of Middle East and Africa IV Administration Sets Market by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America IV Administration Sets Market Overview
11.5.2 South and Central America IV Administration Sets Market Forecasts and Analysis
11.5.3 South and Central America IV Administration Sets Market Forecasts and Analysis - By Type
11.5.4 South and Central America IV Administration Sets Market Forecasts and Analysis - By Usage Pattern
11.5.5 South and Central America IV Administration Sets Market Forecasts and Analysis - By Application
11.5.6 South and Central America IV Administration Sets Market Forecasts and Analysis - By End-User
11.5.7 South and Central America IV Administration Sets Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil IV Administration Sets Market
11.5.7.1.1 Brazil IV Administration Sets Market by Type
11.5.7.1.2 Brazil IV Administration Sets Market by Usage Pattern
11.5.7.1.3 Brazil IV Administration Sets Market by Application
11.5.7.1.4 Brazil IV Administration Sets Market by End-User
11.5.7.2 Argentina IV Administration Sets Market
11.5.7.2.1 Argentina IV Administration Sets Market by Type
11.5.7.2.2 Argentina IV Administration Sets Market by Usage Pattern
11.5.7.2.3 Argentina IV Administration Sets Market by Application
11.5.7.2.4 Argentina IV Administration Sets Market by End-User
11.5.7.3 Rest of South and Central America IV Administration Sets Market
11.5.7.3.1 Rest of South and Central America IV Administration Sets Market by Type
11.5.7.3.2 Rest of South and Central America IV Administration Sets Market by Usage Pattern
11.5.7.3.3 Rest of South and Central America IV Administration Sets Market by Application
11.5.7.3.4 Rest of South and Central America IV Administration Sets Market by End-User

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. IV ADMINISTRATION SETS MARKET, KEY COMPANY PROFILES
13.1. BD
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. B. BRAUN MEDICAL
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. BAXTER
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. ACE MEDICAL
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. POLY MEDICURE LIMITED
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. DORAN INTERNATIONAL
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. MERIT MEDICAL SYSTEMS, INC.
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. HOSPIRA
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. CODAN
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
The List of Companies

1. BD
2. B. Braun Medical
3. Baxter
4. ACE Medical
5. Poly Medicure Limited
6. Doran International
7. Merit Medical Systems, Inc.
8. Hospira
9. Codan
10. Medtronic

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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