The Ventilator market is expected to reach US$ 3,181.15 million in 2027 from US$ 981.42 million in 2019. The market is estimated to grow with a CAGR of 13.3% 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.
US VentilatorMarket Revenue and Forecasts to 2027 (US$ Mn)
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Market Insights
Rise in Respiratory Diseases and Occurrence 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 disorders 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.
The growing prevalence of respiratory diseases in Canada is likely to demand for ventilators in Canada. As per the worldometer, there were 126,417 corona virus cases and 9,094 deaths due to corona virus infection as of 27th august 2020. As per the Asthma and Chronic Obstructive Pulmonary Disease (COPD) in Canada, 2018, report from the Canadian Chronic Disease Surveillance System, around 3.8 million people over the age of one are living with asthma and 2.0 million are living with chronic obstructive pulmonary disease (COPD). Mexico is the 11th most populated country in the world. As per the worldometer, there were 573,888 total number of corona virus cases and 62,076 deaths due to corona virus infection in Mexico as of 27thAugust, 2020. Thus, such high prevalence of corona virus cases is expected to demand Ventilator.
Thus, the rising prevalence of respiratory diseases and increased in number of corona affected patients is increasing demand for ventilators thereby fuelling opportunities for the market.
Mobility- Based Market Insights
Based on mobility, the ventilator market, by enzyme, is segmented into intensive careventilator, and portable/transportableventilator. The intensive careventilator segment held the largest share of the market in 2019, whereas the portable/transportableventilator segment is anticipated to register the highest CAGR in the market during the forecast period.
North America Ventilator Market, by Mobility – 2019 and 2027
Type- Based Market Insights
Based on type, the ventilator market, is segmented into adult/pediatricventilator, and neonates/infantventilator. The adult/pediatricventilator 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 invasiveventilator, and non-invasiveventilator. The invasiveventilator segment held the largest share of the market in 2019, whereas the non-invasiveventilator 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 ventilator 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, home care, 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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North America Ventilator Market: Strategic Insights
Market Size Value in US$ 981.42 Million in 2019 Market Size Value by US$ 3,181.15 Million by 2027 Growth rate CAGR of 13.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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North America Ventilator Market: Strategic Insights
| Market Size Value in | US$ 981.42 Million in 2019 |
| Market Size Value by | US$ 3,181.15 Million by 2027 |
| Growth rate | CAGR of 13.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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New Product Innovations and Increase in Import of Ventilators
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,in May 2020, Mexico received a ventilator shipment from US to treat Covid-19 patients. The country imported 211 machines from the US firm Hamilton Medical. Thus, increase in import of ventilators in Mexico is one of recent trend observed due to Covid-19 impact.
NORTH AMERICA VENTILATOR MARKET SEGMENTATION
- Intensive Care Ventilators
- Portable/Transportable Ventilators
- Adult/Pediatric Ventilators
- Neonatal/Infant
- 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
- Invasive
- Non-Invasive
- Hospitals and Clinics
- Home Care
- Ambulatory Care Centers
- Emergency Medical Services (EMS)
By Country
North America
- US
- Canada
- Mexico
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
- Smiths Group plc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mobility, Type, Interface, Mode, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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 North America Ventilator Market – By Mobility
1.3.2 North America Ventilator Market – By Type
1.3.3 North America Ventilator Market – By Mode
1.3.4 North America Ventilator Market – By Interface
1.3.5 North America Ventilator Market – By End User
1.3.6 North America Ventilator Market – By Country
2. North America Ventilator Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Ventilator Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Ventilator Market- North America PEST Analysis
4.3 Expert Opinion
5. North America Ventilator Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 High Investments in R&D for New Technologies
5.1.2 Increase in Contracts to Manufacture Ventilators
5.2 Key Market Restraints
5.2.1 Complications Associated with the Use of Ventilators
5.3 Market Opportunities
5.3.1 Rise in Respiratory Diseases and Occurrence of Covid-19 Pandemic
5.4 Future Trends
5.4.1 New Product Innovations and Increase in Import of Ventilators
5.5 Impact Analysis
6. Ventilator Market – North America Analysis
6.1 North America Ventilator Market Revenue Forecasts and Analysis
7. North America Ventilator Market Analysis and Forecasts To 2027 – By Mobility
7.1 Overview
7.2 North America Ventilator Market, By Modality2019& 2027 (%)
7.2.1 North America Ventilator Market Revenue 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. North America Ventilator Market Analysis – By Type
8.1 Overview
8.2 Ventilator Market Revenue Share, by Type (2019 and 2027)
8.2.1 North America Ventilator Market Revenue and Forecasts to 2027, By Type (US$ Mn)
8.3 Adult/Paediatric Ventilators
8.3.1 Overview
8.3.2 Adult/Paediatric 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. North America Ventilator Market Analysis – By Interface
9.1 Overview
9.2 North America Ventilator Market, By Interface 2019-2027 (%)
9.2.1 North America Ventilator Market Revenue 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. Ventilator Market Analysis – By Mode
10.1 Overview
10.2 Ventilator Market Revenue Share, by Mode (2019 and 2027)
10.2.1 North America Ventilator 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. Ventilator Market Analysis – By End User
11.1 Overview
11.2 Ventilator Market Revenue Share, by End User (2019 and 2027)
11.2.1 North America Ventilator 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)
12. Ventilator Market Revenue and Forecasts To 2027 – Geographical Analysis
12.1 North America: Ventilator Market
12.1.1 Overview
12.1.2 North America: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.3 North America: Ventilator Market, by Mobility, 2018–2027 (USD Million)
12.1.4 North America: Ventilator Market, by Type, 2018–2027 (USD Million)
12.1.5 North America: Ventilator Market, By Interface, 2018–2027 (USD Million)
12.1.6 North America: Ventilator Market, By Mode, 2018–2027 (USD Million)
12.1.7 North America: Ventilator Market, By End User, 2018–2027 (USD Million)
12.1.8 North America: Ventilator Market, by Country, 2019 & 2027 (%)
12.1.9 US: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.9.1 US: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.9.2 US: Ventilator Market, by Mobility, 2018–2027 (USD Million)
12.1.9.3 US: Ventilator Market, by Type, 2018–2027 (USD Million)
12.1.9.4 US: Ventilator Market, By Interface, 2018–2027 (USD Million)
12.1.9.5 US: Ventilator Market, By Mode, 2018–2027 (USD Million)
12.1.9.6 US: Ventilator Market, By End User, 2018–2027 (USD Million)
12.1.10 Canada: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.1 Canada: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.10.2 Canada: Ventilator Market, by Mobility, 2018–2027 (USD Million)
12.1.10.3 Canada: Ventilator Market, by Type, 2018–2027 (USD Million)
12.1.10.4 Canada: Ventilator Market, By Interface, 2018–2027 (USD Million)
12.1.10.5 Canada: Ventilator Market, By Mode, 2018–2027 (USD Million)
12.1.10.6 Canada: Ventilator Market, By End User, 2018–2027 (USD Million)
12.1.11 Mexico: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.1 Mexico: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
12.1.11.2 Mexico: Ventilator Market, by Mobility, 2018–2027 (USD Million)
12.1.11.3 Mexico: Ventilator Market, by Type, 2018–2027 (USD Million)
12.1.11.4 Mexico: Ventilator Market, By Interface, 2018–2027 (USD Million)
12.1.11.5 Mexico: Ventilator Market, By Mode, 2018–2027 (USD Million)
12.1.11.6 Mexico: Ventilator Market, By End User, 2018–2027 (USD Million)
13. Impact Of COVID-19 Pandemic on North America Ventilator Market
13.1 North America: 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. North America Ventilator Market Revenue and Forecasts To 2027, By Modality (US$ Mn)
Table 2. North America Ventilator Market Revenue and Forecasts To 2027, By Type (US$ Mn)
Table 3. North America Ventilator Market Revenue and Forecasts To 2027, By Interface (US$ Mn)
Table 4. North America Ventilator Market Revenue and Forecasts To 2027, By Mode (US$ Mn)
Table 5. North America Ventilator Market Revenue and Forecasts To 2027, By End User (US$ Mn)
Table 6. North America Ventilator Market, by Mobility– Revenue and Forecast to 2027 (USD Million)
Table 7. North America Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. North America Ventilator Market, By Interface – Revenue and Forecast to 2027 (USD Million)
Table 9. North America Ventilator Market, By Mode – Revenue and Forecast to 2027 (USD Million)
Table 10. North America Ventilator Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 11. US Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 12. US Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. US Ventilator Market, By Interface – Revenue and Forecast to 2027 (USD Million)
Table 14. US Ventilator Market, By Mode – Revenue and Forecast to 2027 (USD Million)
Table 15. US Ventilator Market, By End User– Revenue and Forecast to 2027 (USD Million)
Table 16. Canada Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 17. Canada Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 18. Canada Ventilator Market, By Interface – Revenue and Forecast to 2027 (USD Million)
Table 19. Canada Ventilator Market, By Mode – Revenue and Forecast to 2027 (USD Million)
Table 20. Canada Ventilator Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 21. Mexico Ventilator Market, by Mobility – Revenue and Forecast to 2027 (USD Million)
Table 22. Mexico Ventilator Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 23. Mexico Ventilator Market, By Interface – Revenue and Forecast to 2027 (USD Million)
Table 24. Mexico Ventilator Market, By Mode – Revenue and Forecast to 2027 (USD Million)
Table 25. Mexico Ventilator Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 26. Glossary of Terms, Ventilator Market
LIST OF FIGURES
Figure 1. Ventilator Market Segmentation
Figure 2. North America Ventilator Market Overview
Figure 3. Adult/Paediatric Ventilators Segment Held Largest Share of Type in Ventilator Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Ventilator Market - North America PEST Analysis
Figure 6. Ventilator Market Impact Analysis of Driver and Restraints
Figure 7. North America Ventilator Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 8. North America Ventilator 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 Market Revenue Share, by Type (2019 and 2027)
Figure 12. Adult/Paediatric Ventilators: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Neonatal/Infant: Ventilator – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Ventilator 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. North America: Ventilator Market, by Key Country – Revenue (2019) (USD Million)
Figure 33. North America Ventilator Market Revenue and Forecast to 2027 (USD Million)
Figure 34. North America: Ventilator Market, by Country, 2019 & 2027 (%)
Figure 35. US: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 36. Canada: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 37. Mexico: Ventilator Market – Revenue and Forecast to 2027 (USD Million)
Figure 38. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Ventilator 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
- Smiths 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
Pharmaceutical Membrane Filters Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Microfiltration, Ultrafiltration, Reverse Osmosis and Nanofiltration), Design (Hollow Fiber, Spiral Wound, Tubular System and Plate and Frame), Material (Polyethersulfone (PES), Polysulfone (PS), Cellulose-Based Membranes, Polytetrafluoroethylene (PTFE), Polyvinyl Chloride (PVC), Polyacrylonitrile (PAN) and Others), End User (Pharmaceutical and Biotech Industries and CROs and CDMOs), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
Oct 2020
ECG Devices Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Resting ECG and Stress ECG), Lead Type (12-Lead ECG, 3–6 Lead ECG, and Single Lead), Technology [Portable (Wired) ECG System and Wireless ECG System], End User (Hospital and Clinics, Ambulatory Surgical Centers, Cardiac Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Oct 2020
Surgical Laser Fiber Units Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Laser Type (CO2 Laser, Diode Laser, Erbium Laser, Nd:YAG Laser, Holmium Laser, Alexandrite Laser, and Others), Material (Silica-Based Fibers, Quartz Fibers, Polymer-Based Fibers, Multimode Fibers, and Others), Power (Low-Power Lasers, Medium-Power Lasers, and High-Power Lasers), Application (Urology, Dermatology, Gynecology, Cardiology, Neurology, Ophthalmology, Respiratory, Dentistry and Others), Wavelength (9,301 nm and above, 2,941–9,300 nm, and 1,441–2,940 nm, 821–1,440 nm, 710–820 nm, and below 710 nm), End User (Hospitals, Specialty Clinics, Physician Office, and Others), and Geography
Oct 2020
Therapeutic Vaccines Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Cancer Vaccines, Infectious Disease Vaccines, and Others), Technology (Allogenic Vaccines and Autologous Vaccines), End User (Hospitals, Clinics, and Others), and Geography
Oct 2020
Medical Cables Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Disposable Medical Cables, Reusable Medical Cables, and Custom Medical Cables), Applications [Diagnostics (Ultrasound Cables, Endoscopy Cables, Patient Interface Cables, and Others), Motorized Equipment, Patient Monitoring (ECG Cables, SpO2 Cables, NiBP Cables, EEG Cables, and Others), Surgical and Life Support (Fiber Optics, Modular Local Area Network, and Others), and Others], End User (Hospital and Clinics, Diagnostic Laboratories and Imaging Centers, Ambulatory Surgical Centers, and Others), and Geography
Oct 2020
Laser-Assisted ENT Surgeries Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Laser Type (C02 Laser, Nd:YAG Laser, Diode Laser, Blue Laser, KTP Laser, Argon Laser, and Other Laser Types), Surgery Type [Laser Laryngeal Surgery, Laser Endoscopic Sinus Surgery (LESS), Laser-Assisted Uvulopalatoplasty (LAUP), Laser-Assisted Stapedotomy, Laser-Assisted Tonsillectomy and Adenoidectomy, Laser Turbinates Reduction, Transoral Laser Microsurgery (TLM), Nasal Surgery, and Other Surgery Types], End User (Hospitals and Specialty Clinics, Physician Offices, and Other End Users), and Geography (North America, Europe, Asia Pacific, South and Central America, and Middle East and Africa)
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