The percutaneous mechanical circulatory support devices market was valued at US$ 1,474.28 million in 2019 and is projected to reach US$ 3,964.75 million by 2027; it is expected to grow a ta CAGR of 13.5% during 2020–2027.
Percutaneous mechanical circulatory support devices offers an effective and rapid approach to slow the downward spiral of hemodynamic instability among patients suffering with decompensated heart failures and cardiogenic shocks till a more definitive strategy is perceived among patients to recover from these cardiac ailments. The major roles of the percutaneous mechanical circulatory support devices includeimproving the native cardiac output, reducing ventricular volume and filling pressures, augmenting coronary perfusion, and maintaining vital organ perfusion.
Lucrative Regions for Percutaneous Mechanical Circulatory Support Devices Market
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Market Insights
Rising Geriatric Population
The high market growth is anticipated on account of the rising global geriatric population. In both male and female population, the risk of cardiovascular diseases increases with an increase in age. Aging blood vessels are less flexible,leading to reducedblood flow. Thus, the risk of heart disease is high in the elderly population. Also, according to the Heart Disease and Stroke Statistics 2018, the average age at the first heart attack is 65.6 years for males and 72.0 years for females. It also mentioned that the annual incidence of a heart attack in the US is 720,000 new attacks and 335,000 recurrent attacks. Moreover, according to the National Institutes of Health (NIH), America’s 65-and-over population is projected to nearly double over the next three decades, from 48 million to 88 million by 2050. Cardiovascular disease (CVD) in older Americans imposes a huge burden in terms of mortality, morbidity, disability, functional decline, and healthcare costs. A retrospective study performed by the University of Pittsburgh in 2015 states that the prevalence of CVD, including hypertension, CHD, HF, and stroke, increases from about 40% in men and women 40–59 years and 70-75% in persons aged 60–79 years, and 79–86% among those aged 80 years or older. Thus, the growing geriatric population leading to higher risks of heart failures and cardiogenic shocks increases the applications of percutaneous mechanical circulatory support devices and eventually favors market growth.Product-Based Market Insights
The product segment of the percutaneous mechanical circulatory support devices market is segmented into intra-aortic balloon pumps, VA-extracorporeal membrane oxygenation, and short-term ventricular assist devices. The intra-aortic balloon pumps segment held the largest share of the percutaneous mechanical circulatory support devices market in 2019. The short-term ventricular assist devices segment is anticipated to grow at aCAGR of 14.0% during the forecast period.Global Percutaneous Mechanical Circulatory Support Devices Market, by Product Type – 2019and 2027
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EndUser-Based MarketInsights
The end user segment of the percutaneous mechanical circulatory support devices market is segmented hospitals, ambulatory surgical centers, and others. The hospitals segment heldthe largest shareof the percutaneous mechanical circulatory support devices market in 2019. The segment is also anticipated to grow at a CAGR of 14.2% during the forecast period.
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Percutaneous Mechanical Circulatory Support Devices Market: Strategic Insights
Market Size Value in US$ 1,474.28 Million in 2019 Market Size Value by US$ 3,964.75 Million by 2027 Growth rate CAGR of 13.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Product launchesand product approvalstrategiesarecommonly adopted by companies to expand their footprintsand product portfolio worldwide and meet the growing demand.Customize Research To Suit Your Requirement
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Percutaneous Mechanical Circulatory Support Devices Market: Strategic Insights
| Market Size Value in | US$ 1,474.28 Million in 2019 |
| Market Size Value by | US$ 3,964.75 Million by 2027 |
| Growth rate | CAGR of 13.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Additionally, the market players operating in the percutaneous mechanical circulatory support devices marketadopt the strategy ofexpansion to enlarge customer base across the world, which permits the players to maintain their brand name globally. For instance, in June 2016, Medetronic launched a product—Beacon, a care management service for high-risk heart failure patients. This service combines data from Medtronic implantable cardioverter defibrillator (ICD) or cardiac resynchronization therapy (CRT) devices with post-acute monitoring from MCMS.
Global Percutaneous Mechanical Circulatory Support Devices Market – ByProduct
- Intra-Aortic Balloon Pumps
- VA-Extracorporeal Membrane Oxygenation (ECMO)
- Oxygenators
- Short-Term Ventricular Assist Devices (VADs)
- Impella
- Tandem Heart
Global Percutaneous Mechanical Circulatory Support DevicesMarket – By EndUser
- Hospitals
- Ambulatory Surgical Centers
- Others
Global Percutaneous Mechanical Circulatory Support Devices– 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 APAC
Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Abbott.
- Medtronic
- Getinge AB
- Teleflex Incorporated
- LivanovaPlc (Cardiacassist, Inc.).
- Abiomed
- Eurosets
- Berlin Heart
- Jarvik Heart, Inc.
- CardioBridge GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; 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
The percutaneous mechanical circulatory support devices market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the percutaneous mechanical circulatory support devices market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
The growth of the market is attributed to some key driving factors such as rising geriatric population, increasing prevalence of cardiovascular diseases & heart failures however, impact of COVID-19 pandemic on medical device industry and high cost of products and procedures is expected to restraint the growth of the market during the forecast years.
The North American region holds the largest market for the breast cancer screening. The United States held the largest market for percutaneous mechanical circulatory support devices market and is expected to grow due to factors such as increasing number ofincreasing prevalence of cardiovascular diseases & heart failures, growing developments for screening and imaging process by the companies and others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. Global Percutaneous Mechanical Circulatory Support Devices Market – Key Takeaways
3. Global Percutaneous Mechanical Circulatory Support Devices Market – Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 Global Percutaneous Mechanical Circulatory Support Devices Market – By Product
3.2.2 Global Percutaneous Mechanical Circulatory Support Devices Market – By End User
3.2.3 Global Percutaneous Mechanical Circulatory Support Devices Market – By Geography
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific – PEST Analysis
3.3.4 Middle East And Africa (MEA) – PEST Analysis
3.3.5 South and Central America (SCAM) – PEST Analysis
3.4 Expert Opinions
4. Global Percutaneous Mechanical Circulatory Support Devices Market – Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rising Geriatric Population
4.1.2 Increasing Prevalence of Cardiovascular Diseases & Heart Failures
4.1.3 Shortage of Heart Donors
4.2 Key Market Restraints
4.2.1 Product Recalls
4.2.2 High Cost of Products and Procedures
4.2.3 Impact of COVID-19 Pandemic on Medical Device Industry
4.3 Key Market Opportunity
4.3.1 Growing Market In The Developing Economies
4.4 Market Trend
4.4.1 Consolidation in the Market
4.5 Impact Analysis
5. Percutaneous Mechanical Circulatory Support Devices Market – Global Analysis
5.1 Global Percutaneous Mechanical Circulatory Support Devices Market Revenue Forecasts And Analysis (US$ Mn)
5.2 Global Percutaneous Mechanical Circulatory Support Devices Market, By Geography - Forecasts And Analysis
5.3 Performance/Positioning of Key Players
5.3.1 LivaNova PLC
5.3.2 Abbott
5.3.3 Medtronic
6. Global Percutaneous Mechanical Circulatory Support Devices Market Analysis – By Product
6.1 Overview
6.2 Global Percutaneous Mechanical Circulatory Support Devices Market Shares By Product, 2019 & 2027 (%)
6.3 Intra-Aortic Balloon Pumps Market
6.3.1 Overview
6.3.2 Global Intra-Aortic Balloon Pumps Market Revenue and Forecast to 2027 (US$ Mn)
6.4 VA-Extracorporeal Membrane Oxygenation (ECMO) Market
6.4.1 Overview
6.4.2 Global VA-Extracorporeal Membrane Oxygenation (ECMO) Market Revenue and Forecast to 2027 (US$ Mn)
6.4.3 Oxygenators Market
6.4.3.1 Overview
6.4.3.2 Global Oxygenators Market Revenue and Forecast to 2027 (US$ Mn)
6.5 Short Term Ventricular Assist Devices Market
6.5.1 Overview
6.5.2 Global Short Term Ventricular Assist Devices Market Revenue and Forecast to 2027 (US$ Mn)
6.5.3 Impella Market
6.5.3.1 Overview
6.5.3.2 Global Impella Market Revenue and Forecast to 2027 (US$ Mn)
6.5.4 Tandem Heart Market
6.5.4.1 Overview
6.5.4.2 Global Tandem Heart Market Revenue and Forecast to 2027 (US$ Mn)
7. Global Percutaneous Mechanical Circulatory Support Devices Market Analysis – By End User
7.1 Overview
7.2 Global Percutaneous Mechanical Circulatory Support Devices Market Shares By End User, 2019 & 2027 (%)
7.3 Hospitals Market
7.3.1 Overview
7.3.2 Global Hospitals Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Ambulatory Surgical Centers Market
7.4.1 Overview
7.4.2 Global Ambulatory Surgical Centers Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Others Market
7.5.1 Overview
7.5.2 Global Others Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast To 2027
8.1 Overview
8.2 North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
8.3 North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
8.3.1 North America Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
8.4 North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
8.5 North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
8.6 US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
8.6.1 US Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
8.6.2 US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
8.6.2.1 US Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
8.6.3 US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
8.7 Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
8.7.1 Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
8.7.2 Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
8.7.2.1 Canada Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
8.7.3 Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
8.8 Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
8.8.1 Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
8.8.2 Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
8.8.2.1 Mexico Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
8.8.3 Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9. Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027
9.1 Overview
9.2 Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.3 Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
9.3.1 Europe Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.3.2 Europe Percutaneous mechanical circulatory support devices market Revenue And Forecast to 2027, By End user (US$ Mn)
9.4 Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
9.5 Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.5.1 Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.5.2 Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.5.2.1 Germany Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.5.3 Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9.6 France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.6.1 France Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.6.2 France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.6.2.1 France Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.6.3 France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9.7 UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.7.1 UK Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.7.2 UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.7.2.1 UK Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.7.3 UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
9.8 Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.8.1 Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.8.2 Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.8.2.1 Spain Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.8.3 Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
9.9 Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
9.9.1 Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
9.9.2 Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
9.9.2.1 Italy Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
9.9.3 Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
10. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027
10.1 Overview
10.2 Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.3 Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
10.3.1 Asia Pacific Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.4 Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
10.5 Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
10.6 Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.6.1 Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
10.6.2 Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
10.6.2.1 Japan Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.6.3 Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
10.7 China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.7.1 China Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
10.7.2 China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
10.7.2.1 China Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.7.3 China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
10.8 India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.8.1 India Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
10.8.2 India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
10.8.2.1 India Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.8.3 India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
10.9 South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.9.1 South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
10.9.2 South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
10.9.2.1 South Korea Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.9.3 South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
10.10 Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
10.10.1 Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
10.10.2 Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
10.10.2.1 Australia Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
10.10.3 Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
11. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027
11.1 Overview
11.2 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
11.3 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
11.3.1 Middle East and Africa Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
11.4 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
11.5 Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
11.6 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
11.6.1 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
11.6.2 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
11.6.2.1 South Africa Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
11.6.3 South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
11.7 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
11.7.1 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
11.7.2 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
11.7.2.1 Saudi Arabia Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
11.7.3 Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
11.8 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
11.8.1 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
11.8.2 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
11.8.2.1 UAE Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
11.8.3 UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End user (US$ Mn)
12. South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027
12.1 Overview
12.2 South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027 (US$ Mn)
12.3 South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
12.3.1 South and Central America Short Term Ventricular Assist Devices Market Revenue and Forecast to 2027, By Type (US$ Mn)
12.4 South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
12.5 South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
12.6 Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
12.6.1 Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
12.6.2 Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
12.6.2.1 Brazil Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
12.6.3 Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
12.7 Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
12.7.1 Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast to 2027 (US$ Mn)
12.7.2 Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By Product (US$ Mn)
12.7.2.1 Argentina Short Term Ventricular Assist Devices Market Revenue And Forecast to 2027, By Type (US$ Mn)
12.7.3 Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast to 2027, By End User (US$ Mn)
13. Impact of COVID-19 Pandemic On Global Percutaneous Mechanical Circulatory Support Devices Market
13.1 North America: Impact Assessment of COVID-19 Pandemic
13.2 Europe: Impact Assessment Of COVID-19 Pandemic
13.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
14. Global Percutaneous Mechanical Circulatory Support Devices Market –Industry Landscape
14.1 Overview
14.1 Growth Strategies In The Percutaneous Mechanical Circulatory Support Devices Market, 2016-2020
14.2 Inorganic Growth Strategies
14.2.1 Overview
14.3 Organic Growth Strategies
14.3.1 Overview
15. Percutaneous Mechanical Circulatory Support Devices Market –Key Company Profiles
15.1 Abbott
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Financial Information
15.1.4 Product Portfolio
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Medtronic
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Financial Overview
15.2.4 Product Portfolio
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Getinge AB
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Financial Overview
15.3.4 Product Portfolio
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Teleflex Incorporated
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Financial Overview
15.4.4 Product Portfolio
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Livanova Plc (Cardiacassist, Inc)
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Financial Overview
15.5.4 Product Portfolio
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Abiomed
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Financial Overview
15.6.4 Product Portfolio
15.6.5 Swot Analysis
15.6.6 Key Developments
15.7 Eurosets
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Financial Overview
15.7.4 Product Portfolio
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Berlin Heart
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Financial Overview
15.8.4 Product Portfolio
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Jarvik Heart, Inc.
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Financial Overview
15.9.4 Product Portfolio
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Cardiobridge Gmbh
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Financial Information
15.10.4 Product Portfolio
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Glossary of Terms
16.3 Methodology
16.3.1 Coverage
16.3.2 Secondary Research
16.3.3 Primary Research
LIST OF TABLES
Table 1. Total Number Of Persons Aged 60 Years Or Above By Region, 2017 & 2050
Table 2. North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 3. North America Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 4. North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 5. US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 6. US Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 7. US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 8. Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 9. Canada Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 10. Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 11. Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 12. Mexico Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 13. Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 14. Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 15. Europe Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 16. Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 17. Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 18. Germany Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 19. Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 20. France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 21. France Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 22. France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 23. UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 24. UK Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 25. UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 26. Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 27. Spain Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 28. Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 29. Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 30. Italy Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 31. Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 32. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 33. Asia Pacific Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 34. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 35. Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 36. Japan Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 37. Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 38. China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 39. China Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 40. China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 41. India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 42. India Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 43. India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 44. South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 45. South Korea Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 46. South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 47. Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 48. Australia Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 49. Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 50. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 51. Middle East and Africa Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 52. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 53. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecasts To 2027, By Product (US$ Mn)
Table 54. South Africa Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 55. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 56. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 57. Saudi Arabia Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 58. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 59. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 60. UAE Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 61. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 62. South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 63. South and Central America Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 64. South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 65. Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 66. Brazil Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 67. Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 68. Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Product (US$ Mn)
Table 69. Argentina Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027, By Type (US$ Mn)
Table 70. Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By End User (US$ Mn)
Table 1. Recent Inorganic Growth Strategies In the Percutaneous Mechanical Circulatory Support Devices Market
Table 2. Recent Organic Growth Strategies in The Percutaneous Mechanical Circulatory Support Devices Market
Table 3. Glossary of Terms, Percutaneous Mechanical Circulatory Support Devices Market
LIST OF FIGURES
Figure 1. Global Percutaneous Mechanical Circulatory Support Devices Market Overview
Figure 2. Intra-Aortic Balloon Pumps Segment Held Largest Share Of Test Type Segment In Percutaneous Mechanical Circulatory Support Devices Market
Figure 3. Asia-Pacific Region Is Expected To Show Remarkable Growth During The Forecast Period
Figure 4. Global Percutaneous Mechanical Circulatory Support Devices Market , By Geography (Us$ Million)
Figure 5. Global Percutaneous Mechanical Circulatory Support Devices Market - Leading Country Markets (Us$ Million)
Figure 6. Global Percutaneous Mechanical Circulatory Support Devices Market , Industry Landscape
Figure 7. Percutaneous Mechanical Circulatory Support Devices Market Segmentation
Figure 8. Percutaneous Mechanical Circulatory Support Devices Market Segmentation, By Region
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East And Africa (MEA) PEST Analysis
Figure 13. South And Central America (SCAM) PEST Analysis
Figure 14. Percutaneous Mechanical Circulatory Support Devices Market Impact Analysis Of Driver And Restraints
Figure 15. Global Percutaneous Mechanical Circulatory Support Devices Market – Revenue Forecasts And Analysis
Figure 16. Global Percutaneous Mechanical Circulatory Support Devices Market – By Geography Forecasts And Analysis2019 & 2027
Figure 17. Market Positioning of Key Players In Global Animal Health Market
Figure 18. Global Percutaneous Mechanical Circulatory Support Devices Market Shares By Product, 2019 & 2027 (%)
Figure 19. Global Intra-Aortic Balloon Pumps Market Revenue And Forecast To 2027 (US$ Mn)
Figure 20. Global VA-Extracorporeal Membrane Oxygenation (ECMO) Market Revenue And Forecast To 2027 (US$ Mn)
Figure 21. Global Oxygenators Market Revenue And Forecast To 2027 (US$ Mn)
Figure 22. Global Short Term Ventricular Assist Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 23. Global Impella Market Revenue And Forecast To 2027 (US$ Mn)
Figure 24. Global Tandem Heart Market Revenue And Forecast To 2027 (US$ Mn)
Figure 25. Global Percutaneous Mechanical Circulatory Support Devices Market Shares By End User, 2019 & 2027 (%)
Figure 26. Global Hospitals Market Revenue And Forecast To 2027 (US$ Mn)
Figure 27. Global Ambulatory Surgical Centers Market Revenue And Forecast To 2027 (US$ Mn)
Figure 28. Global Others Market Revenue And Forecast To 2027 (US$ Mn)
Figure 29. North America Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 30. North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 31. North America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 32. US Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 33. Canada Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 34. Mexico Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 35. Europe Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 36. Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 37. Europe Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 38. Germany Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 39. France Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 40. UK Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 41. Spain Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 42. Italy Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 43. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 44. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 45. Asia Pacific Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 46. Japan Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 47. China Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 48. India Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 49. South Korea Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 50. Australia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 51. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 52. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 53. Middle East and Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 54. South Africa Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 55. Saudi Arabia Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 56. UAE Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 57. South and Central America Percutaneous Mechanical Circulatory Support Devices Market Overview, By Country (2019)
Figure 58. South and Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue and Forecast To 2027 (US$ Mn)
Figure 59. South And Central America Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027, By Country (%)
Figure 60. Brazil Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 61. Argentina Percutaneous Mechanical Circulatory Support Devices Market Revenue And Forecast To 2027 (US$ Mn)
Figure 62. Impact of COVID-19 Pandemic in North American Country Markets
Figure 63. Impact of COVID-19 Pandemic in European Country Markets
Figure 64. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 65. Impact Of COVID-19 Pandemic In Rest of the World Countries Market
Figure 1. Growth Strategies in Percutaneous Mechanical Circulatory Support Devices Market, 2016-2020
The List of Companies - Percutaneous Mechanical Circulatory Support Devices Market
- Abbott.
- Medtronic
- Getinge AB
- Teleflex Incorporated
- Livanova Plc (Cardiacassist, Inc.).
- Abiomed
- Eurosets
- Berlin Heart
- Jarvik Heart, Inc.
- CardioBridge GmbH
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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