The Middle East & Africa ventilator market is expected to reach US$ 597.34million in 2027 from US$ 222.63million in 2019. The market is estimated to grow with a CAGR of 10.7% from 2020-2027.
Ventilators are lifesaving machine mostly used among patients with breathing problem. Ventilators provide mechanical ventilation by moving breathable air in and out of the lungs. They are used to deliver breaths to patients that are physically unable to breathe in their own. These help the body to concentrate on fighting infection or recovering; and breathe for a patient who is unconscious because of a severe infection, buildup of toxins, or drug overdose. The scope of the ventilator market includes mobility, type, mode, interface, end user, and region.
Saudi Arabia Ventilator Market Revenue and Forecasts to 2027 (US$ MN)
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Market Insights-
Pandemic Detrimental Impact of Covid-19 Pandemic
There has been a rise in various respiratory disorders due to the growing pollution, tobacco consumption, unhealthy lifestyle, and eating habits. Commonly occurring respiratory conditions include chronic obstructive pulmonary disease (COPD), asthma, acute lower respiratory tract infections, tuberculosis, and lung cancer are among the most common causes of severe illness and death globally. These diseases can cause acute respiratory failure, treatment of which requires mechanical ventilation. Growing prevalence of respiratory diseases and coronavirus diseases in South Africa Will generate the demand for ventilator. South Africa, which now has the world’s sixth highest infection burden of around 618,286 confirmed cases, launched a 250 million rand ($14.80 million) project in April to make them here. The first of thousands of South African-designed ventilators rolled off a Cape Town assembly line in July 2020, the country is responding to requests from hospitals needing them for severe COVID-19 cases but unable to get them on global markets. Rising COVID-19 cases, and the seriously ill patient is owing the demand of ventilators worldwide. To fulfill the requirement of ventilator, in light of the Covid-19 pandemic, UAE researchers have built a ventilator prototype in just eight weeks. The project team created the M061 ventilator system, a modular and scalable prototype, relying on interchangeable components that are easy to source and integrate, in an effort to circumvent the worldwide scarcity of crucial medical supplies. Additionally, according to report of Dubai in June 2020, Dubai Future Foundation (DFF) has launched an innovative l ventilator prototype to support frontline healthcare workers supporting patients affected by COVID-19. Moreover, the team has assembled an interdisciplinary team of experts to develop ventilator that would also contribute to the international open source network that has emerged to tackle the shortage in devices. Thus, the covid-19 pandemic has created wide range of opportunities for the ventilator market.
Mobility- Based Market Insights
Based on mobility, the ventilator market, by enzyme, is segmented into intensive care ventilator, and portable/transportable ventilator. The intensive care ventilator segment held the largest share of the market in 2019, whereas the portable/transportable ventilator segment is anticipated to register the highest CAGR in the market during the forecast period.
Middle East & Africa Ventilator Market, by Mobility – 2019 and 2027
Type- Based Market Insights
Based on type, the ventilator market, is segmented into adult/pediatric ventilator, and neonatal/infant. The adult/pediatric ventilator segment held the largest share of the market in 2019, whereas the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Interface- Based Market Insights
Based on interface, the ventilator market, is segmented into invasive ventilator, and non-invasive ventilator. The invasive ventilator segment held the largest share of the market in 2019, whereas the non-invasive ventilator segment is anticipated to register the highest CAGR in the market during the forecast period.
Mode- Based Market Insights
Based on mode, the ventilator market, is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), others. The combined mode ventilator segment held the largest share of the market in 2019, also the segment is anticipated to register the highest CAGR in the market during the forecast period.
End-user- Based Market Insights
Based on end-user, the ventilator market is segmented into hospitals and clinics, homecare, ambulatory care centers, and emergency medical services. The hospitals and clinics segment held the largest share of the market in 2019. Moreover, the same segment is estimated to register the highest CAGR in the market during the forecast period.
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Middle East & Africa Ventilator Market: Strategic Insights
Market Size Value in US$ 222.63Million in 2019 Market Size Value by US$ 597.34Million by 2027 Growth rate CAGR of 10.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Middle East & Africa Ventilator Market: Strategic Insights
| Market Size Value in | US$ 222.63Million in 2019 |
| Market Size Value by | US$ 597.34Million by 2027 |
| Growth rate | CAGR of 10.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Investments of International Market Players in Latest Technologies in this Sector
Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the ventilator market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, Fisher & Paykel Healthcare Corporation Limited announced at the company's annual shareholders' meeting that it has initiated planning for the establishment of its third manufacturing facility in Mexico. The development is expected to be commissioned by the next couple of years. This development will help the company improve its manufacturing capacity to ensure an additional increase in respiratory products.
MIDDLE EAST & AFRICA VENTILATOR MARKET SEGMENTATION
By Mobility
- Intensive Care Ventilators
- Portable/Transportable Ventilators
By Type
- Adult/Paediatric Ventilators
- Neonatal/Infant
By Mode
- Combined Mode Ventilation
- Volume Mode Ventilation
- Pressure Mode Ventilation
- Neurally Adjusted Ventilatory Assist (NAVA)
- Inverse Ratio Ventilation (IRV)
- Prone Ventilation
- High-Frequency Oscillatory Ventilation (HFOV)
- High-Frequency Percussive Ventilation (HFPV)
- Others
By Interface
- Invasive
- Non-Invasive
By End User
- Hospitals and Clinics
- Home Care
- Ambulatory Care Centers
- Emergency Medical Services (EMS)
By Country
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Company Profiles
- Vyaire Medical, Inc
- General Electric Company
- Getinge AB
- Dragerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Limited
- Hamilton Medical
- Koninklijke Philips N.V
- Medtronic
- ResMed
- Smith’s Group plc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mobility, Type, Interface, Mode, End User and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Ventilator Market – By Mobility
1.3.2 Middle East & Africa Ventilator Market – By Type
1.3.3 Middle East & Africa Ventilator Market – By Mode
1.3.4 Middle East & Africa Ventilator Market – By Interface
1.3.5 Middle East & Africa Ventilator Market – By End User
1.3.6 Middle East & Africa Ventilator Market – By Country
2. Middle East & AfricaVentilator Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & AfricaVentilator Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Ventilator Market- Middle East & Africa PEST Analysis
4.3 Expert Opinion
5. Middle East & AfricaVentilator Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Awareness Regarding Respiratory Diseases
5.1.2 Growing Healthcare Expenditure by Government
5.2 Key Market Restraints
5.2.1 Resistance from Physicians Regarding Technology Transformation
5.3 Market Opportunities
5.3.1 Detrimental Impact of Covid-19 Pandemic
5.4 Future Trends
5.4.1 Investments of International Market Players in Latest Technologies in this Sector
5.5 Impact Analysis
6. Ventilator Market – Middle East & Africa Analysis
6.1 Middle East & AfricaVentilator MarketRevenue Forecasts and Analysis
7. Middle East & AfricaVentilator Market Analysis and Forecasts To 2027 – By Mobility
7.1 Overview
7.2 Middle East & AfricaVentilator Market, By Modality2019& 2027 (%)
7.2.1 Middle East & AfricaVentilator MarketRevenue and Forecasts to 2027, By Modality (US$ Mn)
7.3 Intensive Care Ventilators
7.3.1 Overview
7.3.2 Intensive Care Ventilators: Ventilator – Revenue and Forecast to 2027 (US$ Million)
7.4 Portable/Transportable Ventilators
7.4.1 Overview
7.4.2 Portable/Transportable Ventilators : Ventilator – Revenue and Forecast to 2027 (US$ Million)
8. Middle East & AfricaVentilator Market Analysis – By Type
8.1 Overview
8.2 Ventilator MarketRevenue Share, by Type (2019 and 2027)
8.2.1 Middle East & AfricaVentilator Market Revenue and Forecasts to 2027, By Type (US$ Mn)
8.3 Adult/Pediatric Ventilators
8.3.1 Overview
8.3.2 Adult/Pediatric Ventilators: Ventilator – Revenue and Forecast to 2027 (US$ Million)
8.4 Neonatal/Infant
8.4.1 Overview
8.4.2 Neonatal/Infant: Ventilator – Revenue and Forecast to 2027 (US$ Million)
9. Middle East & AfricaVentilator Market Analysis – By Interface
9.1 Overview
9.2 Middle East & AfricaVentilator Market, By Interface 2019-2027 (%)
9.2.1 Middle East & AfricaVentilator MarketRevenue and Forecasts to 2027, By Interface (US$ Mn)
9.3 Invasive
9.3.1 Overview
9.3.2 Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
9.4 Non-Invasive
9.4.1 Overview
9.4.2 Non-Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
10. VentilatorMarket Analysis – By Mode
10.1 Overview
10.2 Ventilator Market Revenue Share, by Mode (2019 and 2027)
10.2.1 Middle East & AfricaVentilator Market Revenue and Forecasts to 2027, By Mode (US$ Mn)
10.3 Combined Mode Ventilation
10.3.1 Overview
10.3.2 Combined Mode Ventilation : Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.4 Volume Mode Ventilation
10.4.1 Overview
10.4.2 Volume Mode Ventilation : Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.5 Pressure Mode Ventilation
10.5.1 Overview
10.5.2 Pressure Mode Ventilation: Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.6 Neurally Adjusted Ventilatory Assist (NAVA)
10.6.1 Overview
10.6.2 Neurally Adjusted Ventilatory Assist (NAVA): Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.7 Inverse Ratio Ventilation (IRV)
10.7.1 Overview
10.7.2 Inverse Ratio Ventilation (IRV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.8 Prone Ventilation
10.8.1 Overview
10.8.2 Prone Ventilation: Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.9 High-Frequency Oscillatory Ventilation (HFOV)
10.9.1 Overview
10.9.2 High-Frequency Oscillatory Ventilation (HFOV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.10 High-Frequency Percussive Ventilation (HFPV)
10.10.1 Overview
10.10.2 High-Frequency Percussive Ventilation (HFPV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
10.11 Others
10.11.1 Overview
10.11.2 Others : Ventilator – Revenue and Forecast to 2027 (US$ Million)
11. VentilatorMarket Analysis – By End User
11.1 Overview
11.2 Ventilator Market Revenue Share, by End User (2019 and 2027)
11.2.1 Middle East & AfricaVentilator Market Revenue and Forecasts to 2027, By End User (US$ Mn)
11.3 Hospitals And Clinics
11.3.1 Overview
11.3.2 Hospitals And Clinics: Ventilator – Revenue and Forecast to 2027 (US$ Million)
11.4 Home Care
11.4.1 Overview
11.4.2 Home Care: Ventilator – Revenue and Forecast to 2027 (US$ Million)
11.5 Ambulatory Care Centers
11.5.1 Overview
11.5.2 Ambulatory Care Centers: Ventilator – Revenue and Forecast to 2027 (US$ Million)
11.6 Emergency Medical Services (EMS)
11.6.1 Overview
11.6.2 Emergency Medical Services (EMS): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Source: The Insight Partners Analysis, Primary Interview, and Secondary Source
12. Ventilator Market Revenue and Forecasts To 2027 – Geographical Analysis
12.1 Middle East & Africa: Ventilator Market
12.1.1 Overview
12.1.2 Middle East & Africa: Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
12.1.3 Middle East & Africa Ventilator Market, by Mobility– Revenue and Forecast to 2027 (USD Million)
12.1.4 Middle East & Africa Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.5 Middle East & Africa Ventilator Market, by Mode– Revenue and Forecast to 2027 (USD Million)
12.1.6 Middle East & Africa Ventilator Market, by Interface – Revenue and Forecast to 2027(USD Million)
12.1.7 Middle East & Africa Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
12.1.8 Middle East & Africa: Ventilator Market, by Country, 2019& 2027 (%)
12.1.9 Saudi Arabia: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.9.1 Saudi Arabia: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.9.2 Saudi Arabia Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
12.1.9.3 Saudi Arabia Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.9.4 Saudi Arabia Ventilator Market, by Mode – Revenue and Forecast to 2027(USD Million)
12.1.9.5 Saudi Arabia Ventilator Market, by Interface – Revenue and Forecast to 2027(USD Million)
12.1.9.6 Saudi Arabia Ventilator Market, by End User- Revenue and Forecast to 2027(USD Million)
12.1.10 UAE: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.1 UAE: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.2 UAE Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
12.1.10.3 UAE Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.10.4 UAE Ventilator Market, byMode – Revenue and Forecast to 2027 (USD Million)
12.1.10.5 UAE Ventilator Market, byInterface – Revenue and Forecast to 2027 (USD Million)
12.1.10.6 UAE Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
12.1.11 South Africa: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.1 South Africa: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.2 South Africa Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
12.1.11.3 South Africa Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
12.1.11.4 South Africa Ventilator Market, by Mode – Revenue and Forecast to 2027(USD Million)
12.1.11.5 South Africa Ventilator Market, by Interface – Revenue and Forecast to 2027(USD Million)
12.1.11.6 South Africa Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
13. Impact Of COVID-19 Pandemic on Middle East & AfricaVentilator Market
13.1 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
14. COMPANY PROFILES
14.1 VYAIRE MEDICAL, INC.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Getinge AB
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Dragerwerk AG & Co. KGaA
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Fisher & Paykel Healthcare Limited.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 General Electric Company
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of terms
LIST OF TABLES
Table 1. Middle East & AfricaVentilator MarketRevenue and Forecasts To 2027, By Modality (US$ Mn)
Table 2. Middle East & AfricaVentilator MarketRevenue and Forecasts To 2027, By Type (US$ Mn)
Table 3. Middle East & AfricaVentilator MarketRevenue and Forecasts To 2027, By Interface (US$ Mn)
Table 4. Middle East & AfricaVentilator Market Revenue and Forecasts To 2027, By Mode (US$ Mn)
Table 5. Middle East & AfricaVentilator Market Revenue and Forecasts To 2027, By End User (US$ Mn)
Table 6. Middle East & Africa Ventilator Market, by Mobility– Revenue and Forecast to 2027 (USD Million)
Table 7. Middle East & Africa Ventilator Market, by Type Revenue and Forecast to 2027 (USD Million)
Table 8. Middle East and Africa Ventilator Market , by Mode – Revenue and Forecast to 2027 (USD Million)
Table 9. Middle East and Africa Ventilator Market , by Interface – Revenue and Forecast to 2027 (USD Million)
Table 10. Middle East & Africa Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 11. Saudi Arabia Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 12. Saudi Arabia Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Saudi Arabia Ventilator Market, by Mode – Revenue and Forecast to 2027(USD Million)
Table 14. Saudi Arabia Ventilator Market, by Interface – Revenue and Forecast to 2027(USD Million)
Table 15. Saudi Arabia Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 16. UAE Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 17. UAE Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 18. UAE Ventilator Market, by Mode – Revenue and Forecast to 2027 (USD Million)
Table 19. UAE Ventilator Market, by Interface -Revenue and Forecast to 2027 (USD Million)
Table 20.
Table 21. UAE Ventilator Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 22. South Africa Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 23. South Africa Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 24. South Africa Ventilator Market, by Mode– Revenue and Forecast to 2027(USD Million)
Table 25. South Africa Ventilator Market, by Interface – Revenue and Forecast to 2027(USD Million)
Table 26. South Africa Ventilator Market, by End User– Revenue and Forecast to 2027(USD Million)
Table 27. Glossary of Terms, Ventilator Market
LIST OF FIGURES
Figure 1. Ventilator MarketSegmentation
Figure 2. Middle East & AfricaVentilator MarketOverview
Figure 3. Intensive CareVentilators Segment Held Largest Share of Mobility in Ventilator Market
Figure 4. Saudi Arabia is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Ventilator Market - Middle East & Africa PEST Analysis
Figure 6. Ventilator Market Impact Analysis of Driver and Restraints
Figure 7. Middle East & AfricaVentilator Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 8. Middle East & AfricaVentilator Market, By Modality 2019 & 2027 (%)
Figure 9. Intensive Care Ventilators: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Portable/Transportable Ventilators : Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Ventilator MarketRevenue Share, by Type (2019 and 2027)
Figure 12. Adult/Pediatric Ventilators: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Neonatal/Infant: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Middle East & AfricaVentilator Market, by Interface 2019 & 2027 (%)
Figure 15. Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Non-Invasive: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Ventilator Market Revenue Share, by Mode (2019 and 2027)
Figure 18. Combined Mode Ventilation : Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Volume Mode Ventilation: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Pressure Mode Ventilation: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Neurally Adjusted Ventilatory Assist (NAVA): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Inverse Ratio Ventilation (IRV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Prone Ventilation: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 24. High-Frequency Oscillatory Ventilation (HFOV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 25. High-Frequency Percussive Ventilation (HFPV): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Others: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Ventilator Market Revenue Share, by End User (2019 and 2027)
Figure 28. Hospitals And Clinics: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Home Care: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Ambulatory Care Centers: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Emergency Medical Services (EMS): Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Middle East & Africa: Ventilator Market, by Key Country – Revenue (2019) (USD Million)
Figure 33. Middle East & Africa Ventilator Market Revenue and Forecast to 2027 (USD Million)
Figure 34. Middle East & Africa: Ventilator Market, by Country, 2019& 2027 (%)
Figure 35. Saudi Arabia: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 36. UAE: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 37. South Africa: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 38. Impact Of COVID-19 Pandemic in Rest of the World Countries Market
- Vyaire Medical, Inc
- General Electric Company
- Getinge AB
- Dragerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Limited
- Hamilton Medical
- Koninklijke Philips N.V
- Medtronic
- ResMed
- Smith’s Group plc.
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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Oct 2020
Colonoscopes Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp); End User (Hospitals, Ambulatory Surgery Center, Others), and Geography
Oct 2020
Noninvasive Fat Reduction Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Cryolipolysis, Laser Lipolysis, Ultrasound, and Others), End User (Hospitals, Dermatology Clinics & Cosmetic Clinics, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Oct 2020
Medical Ultrasound Flow Meter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Implementation Type (Clamp-On, Inline, and Others), Technology (Doppler, Transit Time, and Hybrid), Application (Heart and Lung Machines, Extracorporeal Membrane Oxygenation, Perfusion, Organ Transportation Systems, and Others), End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Oct 2020
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)
Oct 2020
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)
Oct 2020
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)
Oct 2020
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
Oct 2020
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)