The medical devices market is expected to reach US$ 767,684.9 million by 2027 from US$ 483,285.8 million in 2019. The market is estimated to grow with a CAGR of 6.1% from 2020 to 2027.
A medical device can be a machine, instrument, apparatus, or an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions.There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and others. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III as high-risk medical devices. The global medical devices market is driven by factors such as growing medical device industry and rising prevalence of chronic diseases. However, the challenges in medical device industry like low reimbursement limit and expensive product approval process may hinder the market growth. Additionally, rising government support on medical technologies are creating growth opportunities for the market players.
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Medical Devices Market: Strategic Insights
Market Size Value in US$ 483,285.8 Million in 2019 Market Size Value by US$ 767,684.9 Million by 2027 Growth rate CAGR of 6.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Medical Devices Market: Strategic Insights
| Market Size Value in | US$ 483,285.8 Million in 2019 |
| Market Size Value by | US$ 767,684.9 Million by 2027 |
| Growth rate | CAGR of 6.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Lucrative Regional Markets for Medical Devices
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Market Insights
Rising Chronic Disease Prevalence
Rising prevalence of chronic diseases, such as cardiovascular diseases (CVDs), cancer, diabetes, stroke, and kidney diseases, increases the demand for medical devices for diagnosis and treatment purposes. As per the WHO, CVDs are the leading cause of mortality and result in the deaths of ~17.9 million people every year across the world. Additionally, the increasing prevalence of diabetes shoots up the demand for medical devices such as insulin pumps, glucose monitoring devices, insulin pens, and wearable injectors. As per the International Diabetes Federation’s Diabetes Atlas Ninth edition 2019, about 463 million adults (aged 20–79 years) had diabetes in 2019, and the number is expected to reach 700 million by 2045.
Cancer diagnosis requires medical devices such as computerized tomography (CT), magnetic resonance imaging (MRI), bone scanner, positron emission tomography (PET) scanner, ultrasound, and X-ray. Thus, the growing prevalence of cancer increases the demand for cancer diagnostic devices. As per the WHO, cancer is the second leading cause of death across the globe and was responsible for 9.6 million deaths in 2018.
Rising prevalence of chronic kidney diseases increases the demand for dialysis. As per the National Institute of Diabetes and Digestive and Kidney Diseases, in 2016, over 661,000 Americans had kidney failure, of these, 468,000 individuals were on dialysis.
Product Type - Based Insights
Based on product type, the medical devices market is segmented into surgical devices, infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, neurology, endoscopy, ophthalmology, and others. The in vitro diagnostics (IVD) segment held the largest share of the market in 2019. The growth of the market for this segment is attributed to the increasing prevalence of chronic diseases and technological developments by the market players for early diagnosis of diseases, which is likely to drive the growth of the market. However, neurology devices is estimated to register the highest CAGR in the market during the forecast period.
Global Medical Devices Market, by Product Type – 2018 and 2027
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Function - Based Insights
Based on function, the medical devices market is segmented into diagnostic and monitoring, therapeutics, surgical, and others. The diagnostic and monitoring segment held the largest share of the market in 2019. However, the surgical segment is estimated to register the highest CAGR in the market during the forecast period.
End User - Based Insights
Based on end user, the medical devices market is segmented into hospitals, homecare, ambulatory surgical centers, and others. The hospital segment held the largest share of the market in 2019 and the same segment is estimated to register the highest CAGR in the market during the forecast period.
Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios; these strategies help them meet the growing consumer demand. Collaboration is one of the major strategies adopted by the medical devices market players to enlarge customer base worldwide, which also permits them to maintain their brand name globally.
Global Medical Devices Market– By Product Type
- Surgical Devices
- Electrosurgical Generators
- Ultrasonic Surgical Generators
- Minimally Invasive Surgery Devices
- Other Surgical Devices
- Infection Control Devices
- General Medical Devices
- Cardiovascular Devices
- Orthopaedic Devices
- In Vitro Diagnostics (IVD)
- Endoscopy
- Neurology
- Ophthalmology
- Others
Global Medical Devices Market – By Function
- Diagnostic and Monitoring
- Therapeutics
- Surgical
- Others
Global Medical Devices Market – By End User
- Homecare Medical Devices
- Hospital Medical Devices
- Ambulatory Care Medical Devices
- Others
Medical Devices Market – By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
South and Central America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- Medtronic
- Abbott
- Boston Scientific Corporation
- Braun Melsungen AG
- 3M
- General Electric Company
- Stryker Corporation
- Koninklijke Philips N.V.
- Siemens AG
- Johnson and Johnson Services, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type , Function , End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III high-risk medical devices.
The factors that are driving growth of the market are growing medical device industry and rising chronic disease prevalence. Moreover, strategic activities by the technological companies to boost medical technologies are offering lucrative opportunities for the growth of the market.
The medical second opinion market majorly consists of the players such as Medtronic, Abbott, Boston Scientific Corporation, Braun Melsungen AG, 3M, General Electric Company, Stryker Corporation, Koninklijke Philips N.V., Siemens AG, and Johnson and Johnson Services, Inc. amongst others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Medical Devices Market – By Product Type
1.3.2 Medical Devices Market – By Function
1.3.3 Medical Devices Market – By End User
1.3.4 Global Medical Devices Market – By Geography
2. Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Medical Devices Market – 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
4.3 Expert Opinion
5. Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Medical Device Industry
5.1.2 Rising Chronic Disease Prevalence
5.2 Market Restraints
5.2.1 Challenges in Medical Device Industry
5.3 Market Opportunities
5.3.1 Rising Government Support on Medical Technologies
5.4 Future Trends
5.4.1 Smart Medical Devices Revolutionising Medical Device Industry
5.5 Impact Analysis
6. Medical Devices Market – Global Analysis
6.1 Global Medical Devices Market Revenue Forecast And Analysis
6.2 Global Medical Devices Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Medical Device Market Analysis – By Product Type
7.1 Overview
7.2 Medical Devices Market Share, by Product Type, 2019 and 2027 (%)
7.3 Surgical Devices
7.3.1 Overview
7.3.2 Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.3.3 Electrosurgical Generators
7.3.4 Overview
7.3.5 Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.3.6 Ultrasonic Surgical Generators
7.3.7 Overview
7.3.8 Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.3.9 Minimally Invasive Surgery Instruments
7.3.10 Overview
7.3.11 Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.3.12 Others
7.3.13 Overview
7.3.14 Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.4 Infection Control Devices
7.4.1 Overview
7.4.2 Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.5 General Medical Devices
7.5.1 Overview
7.5.2 General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.6 Cardiovascular Devices
7.6.1 Overview
7.6.2 Cardiovascular Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
7.7 Neurological Devices
7.7.1 Overview
7.7.2 Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.8 Ophthalmology Devices
7.8.1 Overview
7.8.2 Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.9 Orthopedic Devices
7.9.1 Overview
7.9.2 Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.10 Invitro Diagnostic Devices
7.10.1 Overview
7.10.2 Invitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.11 Endoscopy Devices
7.11.1 Overview
7.11.2 Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
7.12 Others
7.12.1 Overview
7.12.2 Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
8. Medical Devices Market– By Function
8.1 Overview
8.2 Medical Devices Market Share, by Function, 2019 and 2027 (%)
8.3 Diagnostic and Monitoring
8.3.1 Overview
8.3.2 Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
8.4 Therapeutics
8.4.1 Overview
8.4.2 Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
8.5 Surgical
8.5.1 Overview
8.5.2 Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
9. Medical Device Market Analysis – By End User
9.1 Overview
9.2 Medical Device Market Share, by End User, 2019 and 2027, (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Homecare
9.4.1 Overview
9.4.2 Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Ambulatory Care
9.5.1 Overview
9.5.2 Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
10. Medical Devices Market – Geographic Analysis
10.1 North America: Medical Devices Market
10.1.1 Overview
10.1.2 North America: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Medical Devices Market, by Product Type, 2018–2027 (USD Million)
10.1.3.1 North America: Medical Devices Market, by Surgical Devices, 2018–2027 (USD Million)
10.1.4 North America: Medical Devices Market, by Function, 2018–2027 (USD Million)
10.1.5 North America: Medical Devices Market, by End User, 2018–2027 (USD Million)
10.1.6 North America: Medical Devices Market, by Country, 2019& 2027 (%)
10.1.6.1 US: MEDICAL Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.1.1 US: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.1.2 US: Medical Devices Market, by Product Type, 2018–2027 (USD Million)
10.1.6.1.2.1 US: Medical Devices Market, by Surgical Device, 2018–2027 (USD Million)
10.1.6.1.3 US: Medical Devices Market, by Function, 2018–2027 (USD Million)
10.1.6.1.4 US: Medical Devices Market, by End User , 2018–2027 (USD Million)
10.1.6.2 Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.2.1 Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.2.2 Canada: Medical Devices Market, by Product Type, 2018–2027 (USD Million)
10.1.6.2.2.1 Canada: Medical Devices Market, by Surgical Device, 2018–2027 (USD Million)
10.1.6.2.3 Canada: Medical Devices Market, by Function, 2018–2027 (USD Million)
10.1.6.2.4 Canada: Medical Devices Market, by End User , 2018–2027 (USD Million)
10.1.6.3 Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.3.1 Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.4 Mexico Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.1.6.4.1 Mexico Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.1.6.5 Mexico Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.1.6.6 Mexico Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.2 Europe: Medical Devices Market
10.2.1 Overview
10.2.2 Europe: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.3 Europe: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.3.1 Europe: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.4 Europe: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.2.5 Europe: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.2.6 Europe: Medical Devices Market, by Country, 2019 & 2027 (%)
10.2.7 Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.1 Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.7.2 Germany: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.7.2.1 Germany: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.7.3 Germany: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.2.7.4 Germany: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.2.8 France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.1 France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.8.2 France: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.8.2.1 France: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.8.3 France: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.2.8.4 France: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.2.9 UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.1 UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.9.2 UK: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.9.2.1 UK: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.9.3 UK: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.2.9.4 UK: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.2.10 Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.1 Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.10.2 Italy: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.10.2.1 Italy: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.10.3 Italy: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.2.10.4 Italy: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.2.11 Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.1 Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.2.11.2 Spain: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.11.2.1 Spain: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.2.11.3 Spain: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.2.11.4 Spain: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3 Asia Pacific: Medical Devices Market
10.3.1 Overview
10.3.2 Asia Pacific: Medical Devices Market - Revenue and Forecast to 2027 (USD Million)
10.3.3 Asia Pacific: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.3.1 Asia Pacific: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.4 Asia Pacific: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.3.5 Asia Pacific: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3.6 Asia Pacific: Medical Devices Market, by Country, 2019 & 2027 (%)
10.3.7 China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.7.1 China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.7.2 China: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.7.2.1 China: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.7.3 China: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.3.7.4 China: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3.8 Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.8.1 Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.8.2 Japan: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.8.2.1 Japan: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.8.3 Japan: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.3.8.4 Japan: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3.9 India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.9.1 India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.9.2 India: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.9.2.1 India: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.9.3 India: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.3.9.4 India: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3.10 South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.10.1 South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.10.2 South Korea: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.10.2.1 South Korea: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.10.3 South Korea: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.3.10.4 South Korea: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.3.11 Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.11.1 Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.3.11.2 Australia: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.3.11.2.1 Australia: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
10.3.11.3 Australia: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
10.3.11.4 Australia: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.4 Middle East & Africa: Medical Devices Market
10.4.1 Overview
10.4.2 Middle East & Africa: Medical Devices Market - Revenue and Forecast to 2027 (US$ Million)
10.4.3 Middle East & Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.4.3.1 Middle East & Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.4.4 Middle East & Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.4.5 Middle East & Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.4.6 Middle East & Africa: Medical Devices Market, by Country, 2019 & 2027 (%)
10.4.6.1 Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.1.1 Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.2 Saudi Arabia Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.4.6.2.1 Saudi Arabia Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.4.6.3 Saudi Arabia Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.4.6.4 Saudi Arabia Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.4.6.5 UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.5.1 UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.6 UAE Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.4.6.6.1 UAE Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.4.6.7 UAE Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.4.6.8 UAE Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.4.6.9 South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.9.1 South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.4.6.10 South Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.4.6.10.1 South Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.4.6.11 South Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.4.6.12 South Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.5 South and Central America: Medical Devices Market
10.5.1 Overview
10.5.2 South and Central America: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.3 South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.5.3.1 South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.5.4 South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.5.5 South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.5.6 South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)
10.5.6.1 Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.6.1.1 Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.6.2 Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.5.6.2.1 Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.5.6.3 Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.5.6.4 Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.5.6.5 Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.6.5.1 Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
10.5.6.6 Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.5.6.6.1 Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
10.5.6.7 Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
10.5.6.8 Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic On Global Medical Devices Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Medical Devices Market – Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. COMPANY PROFILES
13.1 Medtronic
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 Abbott
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 Boston Scientific 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 Braun Melsungen AG
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 3M
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 General Electric Company
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 Stryker Corporation
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 Koninklijke Philips N.V.
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 Siemens AG
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 Johnson and Johnson Services, Inc.
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 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Medical Devices Market, by Surgical Devices, – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 5. US Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 6. US Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 7. US Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
Table 8. US Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)
Table 12. Canada Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 16. Mexico Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 17. Europe: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 18. Europe: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 19. Europe: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 20. Europe: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 21. Germany: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 22. Germany: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 23. Germany: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 24. Germany: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 25. France: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 26. France: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 27. France: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 28. France: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 29. UK: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 30. UK: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 31. UK: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 32. UK: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 33. Italy: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 34. Italy: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 35. Italy: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 36. Italy: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 37. Spain: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 38. Spain: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 39. Spain: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 40. Spain: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 41. Asia Pacific: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 42. Asia Pacific: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 43. Asia Pacific: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 44. Asia Pacific: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 45. China: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 46. China: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 47. China: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 48. China: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 49. Japan: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 50. Japan: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 51. Japan: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 52. Japan: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 53. India: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 54. India: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 55. India: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 56. India: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 57. South Korea: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 58. South Korea: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 59. South Korea: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 60. South Korea: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 61. Australia: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 62. Australia: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)
Table 63. Australia: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).
Table 64. Australia: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 65. Middle East & Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 66. Middle East & Africa Medical Devices Market, by Surgical Device– Revenue and Forecast to 2027 (USD Million)
Table 67. Middle East & Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 68. Middle East & Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 69. Saudi Arabia Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 70. Saudi Arabia Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 71. Saudi Arabia Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 72. Saudi Arabia Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 73. UAE Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 74. UAE Medical Devices Market, by Surgical Device– Revenue and Forecast to 2027 (USD Million)
Table 75. UAE Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 76. UAE Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 77. South Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 78. South Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 79. South Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 80. South Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 81. South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 82. South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 83. South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 84. South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 85. Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 86. Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 87. Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 88. Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 89. Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 90. Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)
Table 91. Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)
Table 92. Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 93. Organic Developments Done By Companies
Table 94. Inorganic Developments Done by Companies
Table 95. Glossary of Terms, Medical Devices Market
LIST OF FIGURES
Figure 1. Medical Devices Market Segmentation
Figure 2. Medical Devices Market – By Geography
Figure 3. Medical Devices Market Overview
Figure 4. In Vitro Diagnostics (IVD) Segment Held Largest Share of Medical Devices Market in 2019
Figure 5. Medical Devices Market in Asia Pacific Region to Show Remarkable Growth During Forecast Period
Figure 6. Global Medical Devices Market, By Geography (US$ Million)
Figure 7. Global Medical Devices Market- Leading Country Markets (US$ Million)
Figure 8. Global Medical Devices Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa PEST Analysis
Figure 13. South and Central America PEST Analysis
Figure 14. Expert Opinion
Figure 15. Medical Devices Market Impact Analysis of Driver and Restraints
Figure 16. Global Medical Devices Market – Revenue Forecast And Analysis – 2019- 2027
Figure 17. Global Medical Devices Market – By Geography Forecast and Analysis – 2019- 2027
Figure 18. Market Positioning of Key Players
Figure 19. Medical devices market Share, by Product Type, 2019 and 2027 (%)
Figure 20. Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 21. Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 22. Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 23. Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 24. Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 25. Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 26. General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)
Figure 27. Cardiovascular Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Invitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Medical Devices Market Share, by Function, 2019 and 2027 (%)
Figure 35. Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 36. Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 37. Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 38. Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)
Figure 39. Medical Device Market Share, by End User, 2019 and 2027 (%)
Figure 40. Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. North America: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 45. North America Medical Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 46. North America: Medical Devices Market, by Country, 2019 & 2027 (%)
Figure 47. US: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 48. Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 49. Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 50. Europe: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 51. Europe: Medical Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 52. Europe: Medical Devices Market, by Country, 2019 & 2027 (%)
Figure 53. Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 54. France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 55. UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 56. Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 57. Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 58. Asia Pacific: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 59. Asia Pacific: Medical Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 60. Asia Pacific: Medical Devices Market, by Country, 2019 & 2027 (%)
Figure 61. China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 62. Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 63. India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 64. South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 65. Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 66. Middle East & Africa: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 67. Middle East & Africa Medical Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 68. Middle East & Africa: Medical Devices Market, by Country, 2019 & 2027 (%)
Figure 69. Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 70. UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 71. South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 72. South and Central America: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 73. South and Central America Medical Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 74. South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)
Figure 75. Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 76. Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 77. Impact of COVID-19 Pandemic In North American Country Markets
Figure 78. Impact of COVID-19 Pandemic In European Country Markets
Figure 79. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
Figure 80. Impact Of COVID-19 Pandemic In Rest of the World Market
Figure 81. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Medical Device Market
- Medtronic
- Abbott
- Boston Scientific Corporation
- Braun Melsungen AG
- 3M
- General Electric Company
- Stryker Corporation
- Koninklijke Philips N.V.
- Siemens AG
- Johnson and Johnson Services, 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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