Surgical drainage devices consist of a soft pliable tubes which are used to remove pus, blood and fluid from the wound, preventing it from accumulating in the body. The Surgical drainage devices are inserted into the body parts after the surgery to drain body fluids. These devices help to eliminate the dead space and prevent the surgery area from infection. Patients need to have the drains in place for one day to two weeks, depending upon the volume of drainage. The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.
MARKET SCOPE
The "Global Surgical Drainage Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the surgical drainage devices market with detailed market segmentation by product, type, application, end user, and geography. The report provides key statistics on the market status of the leading surgical drainage devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product, the market is segmented into surgical drainage systems and accessories.
- By type, the surgical drainage devices market is bifurcated into passive drains and active drains.
- By application the market is classified as thoracic & cardiac surgery, orthopedic surgery, obstetric/gynecological surgery, general surgery and others.
- Based on end user, the surgical drainage devices market is classified as hospitals, ambulatory surgical centers and specialized clinics.
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MARKET DYNAMICS
Drivers
- Rise in number of surgeries
- Increasing prevalence of chronic diseases
- Vast product diversity.
Restraints
- Complications caused by drainage devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The surgical drainage devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the surgical drainage devices market in these regions.
IMPACT OF COVID-19 ON SURGICAL DRAINAGE DEVICES MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The surgical drainage devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the surgical drainage devices market in these regions.
IMPACT OF COVID-19 ON SURGICAL DRAINAGE DEVICES MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future.
MARKET PLAYERS
The report covers key developments in the surgical drainage devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from surgical drainage devices market are anticipated to lucrative growth opportunities in the future with the rising demand for surgical drainage devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the surgical drainage devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B. Braun Melsungen AG
- Cook Group
- Cardinal Health
- Medtronic
- Ethicon USA, LLC
- C. R. Bard, Inc.
- Stryker
- Zimmer Biomet
- Medline Industries, Inc.
- ConvaTec Inc.
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The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Surgical Drainage Devices Market - By Product
1.3.2 Surgical Drainage Devices Market - By Type
1.3.3 Surgical Drainage Devices Market - By Application
1.3.4 Surgical Drainage Devices Market - By End User
1.3.5 Surgical Drainage Devices Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SURGICAL DRAINAGE DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SURGICAL DRAINAGE DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SURGICAL DRAINAGE DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SURGICAL DRAINAGE DEVICES - GLOBAL MARKET OVERVIEW
6.2. SURGICAL DRAINAGE DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SURGICAL DRAINAGE DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SURGICAL DRAINAGE SYSTEMS
7.3.1. Overview
7.3.2. Surgical Drainage Systems Market Forecast and Analysis
7.3.3. Open Surgical Drainage Systems Market
7.3.3.1. Overview
7.3.3.2. Open Surgical Drainage Systems Market Forecast and Analysis
7.3.4. Closed Surgical Drainage Systems Market
7.3.4.1. Overview
7.3.4.2. Closed Surgical Drainage Systems Market Forecast and Analysis
7.4. ACCESSORIES
7.4.1. Overview
7.4.2. Accessories Market Forecast and Analysis
8. SURGICAL DRAINAGE DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. ACTIVE DRAINS
8.3.1. Overview
8.3.2. Active Drains Market Forecast and Analysis
8.4. PASSIVE DRAINS
8.4.1. Overview
8.4.2. Passive Drains Market Forecast and Analysis
9. SURGICAL DRAINAGE DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. THORACIC AND CARDIAC SURGERY
9.3.1. Overview
9.3.2. Thoracic and Cardiac Surgery Market Forecast and Analysis
9.4. ORTHOPEDIC SURGERY
9.4.1. Overview
9.4.2. Orthopedic Surgery Market Forecast and Analysis
9.5. OBSTETRIC/GYNECOLOGICAL SURGERY
9.5.1. Overview
9.5.2. Obstetric/Gynecological Surgery Market Forecast and Analysis
9.6. GENERAL SURGERY
9.6.1. Overview
9.6.2. General Surgery Market Forecast and Analysis
9.7. OTHER SURGERIES
9.7.1. Overview
9.7.2. Other Surgeries Market Forecast and Analysis
10. SURGICAL DRAINAGE DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. AMBULATORY SURGICAL CENTERS
10.4.1. Overview
10.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.5. SPECIALIZED CLINICS
10.5.1. Overview
10.5.2. Specialized Clinics Market Forecast and Analysis
11. SURGICAL DRAINAGE DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Surgical Drainage Devices Market Overview
11.1.2 North America Surgical Drainage Devices Market Forecasts and Analysis
11.1.3 North America Surgical Drainage Devices Market Forecasts and Analysis - By Product
11.1.4 North America Surgical Drainage Devices Market Forecasts and Analysis - By Type
11.1.5 North America Surgical Drainage Devices Market Forecasts and Analysis - By Application
11.1.6 North America Surgical Drainage Devices Market Forecasts and Analysis - By End User
11.1.7 North America Surgical Drainage Devices Market Forecasts and Analysis - By Countries
11.1.7.1 United States Surgical Drainage Devices Market
11.1.7.1.1 United States Surgical Drainage Devices Market by Product
11.1.7.1.2 United States Surgical Drainage Devices Market by Type
11.1.7.1.3 United States Surgical Drainage Devices Market by Application
11.1.7.1.4 United States Surgical Drainage Devices Market by End User
11.1.7.2 Canada Surgical Drainage Devices Market
11.1.7.2.1 Canada Surgical Drainage Devices Market by Product
11.1.7.2.2 Canada Surgical Drainage Devices Market by Type
11.1.7.2.3 Canada Surgical Drainage Devices Market by Application
11.1.7.2.4 Canada Surgical Drainage Devices Market by End User
11.1.7.3 Mexico Surgical Drainage Devices Market
11.1.7.3.1 Mexico Surgical Drainage Devices Market by Product
11.1.7.3.2 Mexico Surgical Drainage Devices Market by Type
11.1.7.3.3 Mexico Surgical Drainage Devices Market by Application
11.1.7.3.4 Mexico Surgical Drainage Devices Market by End User
11.2. EUROPE
11.2.1 Europe Surgical Drainage Devices Market Overview
11.2.2 Europe Surgical Drainage Devices Market Forecasts and Analysis
11.2.3 Europe Surgical Drainage Devices Market Forecasts and Analysis - By Product
11.2.4 Europe Surgical Drainage Devices Market Forecasts and Analysis - By Type
11.2.5 Europe Surgical Drainage Devices Market Forecasts and Analysis - By Application
11.2.6 Europe Surgical Drainage Devices Market Forecasts and Analysis - By End User
11.2.7 Europe Surgical Drainage Devices Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Surgical Drainage Devices Market
11.2.7.1.1 Germany Surgical Drainage Devices Market by Product
11.2.7.1.2 Germany Surgical Drainage Devices Market by Type
11.2.7.1.3 Germany Surgical Drainage Devices Market by Application
11.2.7.1.4 Germany Surgical Drainage Devices Market by End User
11.2.7.2 France Surgical Drainage Devices Market
11.2.7.2.1 France Surgical Drainage Devices Market by Product
11.2.7.2.2 France Surgical Drainage Devices Market by Type
11.2.7.2.3 France Surgical Drainage Devices Market by Application
11.2.7.2.4 France Surgical Drainage Devices Market by End User
11.2.7.3 Italy Surgical Drainage Devices Market
11.2.7.3.1 Italy Surgical Drainage Devices Market by Product
11.2.7.3.2 Italy Surgical Drainage Devices Market by Type
11.2.7.3.3 Italy Surgical Drainage Devices Market by Application
11.2.7.3.4 Italy Surgical Drainage Devices Market by End User
11.2.7.4 Spain Surgical Drainage Devices Market
11.2.7.4.1 Spain Surgical Drainage Devices Market by Product
11.2.7.4.2 Spain Surgical Drainage Devices Market by Type
11.2.7.4.3 Spain Surgical Drainage Devices Market by Application
11.2.7.4.4 Spain Surgical Drainage Devices Market by End User
11.2.7.5 United Kingdom Surgical Drainage Devices Market
11.2.7.5.1 United Kingdom Surgical Drainage Devices Market by Product
11.2.7.5.2 United Kingdom Surgical Drainage Devices Market by Type
11.2.7.5.3 United Kingdom Surgical Drainage Devices Market by Application
11.2.7.5.4 United Kingdom Surgical Drainage Devices Market by End User
11.2.7.6 Rest of Europe Surgical Drainage Devices Market
11.2.7.6.1 Rest of Europe Surgical Drainage Devices Market by Product
11.2.7.6.2 Rest of Europe Surgical Drainage Devices Market by Type
11.2.7.6.3 Rest of Europe Surgical Drainage Devices Market by Application
11.2.7.6.4 Rest of Europe Surgical Drainage Devices Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Surgical Drainage Devices Market Overview
11.3.2 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis
11.3.3 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Surgical Drainage Devices Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Surgical Drainage Devices Market
11.3.7.1.1 Australia Surgical Drainage Devices Market by Product
11.3.7.1.2 Australia Surgical Drainage Devices Market by Type
11.3.7.1.3 Australia Surgical Drainage Devices Market by Application
11.3.7.1.4 Australia Surgical Drainage Devices Market by End User
11.3.7.2 China Surgical Drainage Devices Market
11.3.7.2.1 China Surgical Drainage Devices Market by Product
11.3.7.2.2 China Surgical Drainage Devices Market by Type
11.3.7.2.3 China Surgical Drainage Devices Market by Application
11.3.7.2.4 China Surgical Drainage Devices Market by End User
11.3.7.3 India Surgical Drainage Devices Market
11.3.7.3.1 India Surgical Drainage Devices Market by Product
11.3.7.3.2 India Surgical Drainage Devices Market by Type
11.3.7.3.3 India Surgical Drainage Devices Market by Application
11.3.7.3.4 India Surgical Drainage Devices Market by End User
11.3.7.4 Japan Surgical Drainage Devices Market
11.3.7.4.1 Japan Surgical Drainage Devices Market by Product
11.3.7.4.2 Japan Surgical Drainage Devices Market by Type
11.3.7.4.3 Japan Surgical Drainage Devices Market by Application
11.3.7.4.4 Japan Surgical Drainage Devices Market by End User
11.3.7.5 South Korea Surgical Drainage Devices Market
11.3.7.5.1 South Korea Surgical Drainage Devices Market by Product
11.3.7.5.2 South Korea Surgical Drainage Devices Market by Type
11.3.7.5.3 South Korea Surgical Drainage Devices Market by Application
11.3.7.5.4 South Korea Surgical Drainage Devices Market by End User
11.3.7.6 Rest of Asia-Pacific Surgical Drainage Devices Market
11.3.7.6.1 Rest of Asia-Pacific Surgical Drainage Devices Market by Product
11.3.7.6.2 Rest of Asia-Pacific Surgical Drainage Devices Market by Type
11.3.7.6.3 Rest of Asia-Pacific Surgical Drainage Devices Market by Application
11.3.7.6.4 Rest of Asia-Pacific Surgical Drainage Devices Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Surgical Drainage Devices Market Overview
11.4.2 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis
11.4.3 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Surgical Drainage Devices Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Surgical Drainage Devices Market
11.4.7.1.1 South Africa Surgical Drainage Devices Market by Product
11.4.7.1.2 South Africa Surgical Drainage Devices Market by Type
11.4.7.1.3 South Africa Surgical Drainage Devices Market by Application
11.4.7.1.4 South Africa Surgical Drainage Devices Market by End User
11.4.7.2 Saudi Arabia Surgical Drainage Devices Market
11.4.7.2.1 Saudi Arabia Surgical Drainage Devices Market by Product
11.4.7.2.2 Saudi Arabia Surgical Drainage Devices Market by Type
11.4.7.2.3 Saudi Arabia Surgical Drainage Devices Market by Application
11.4.7.2.4 Saudi Arabia Surgical Drainage Devices Market by End User
11.4.7.3 U.A.E Surgical Drainage Devices Market
11.4.7.3.1 U.A.E Surgical Drainage Devices Market by Product
11.4.7.3.2 U.A.E Surgical Drainage Devices Market by Type
11.4.7.3.3 U.A.E Surgical Drainage Devices Market by Application
11.4.7.3.4 U.A.E Surgical Drainage Devices Market by End User
11.4.7.4 Rest of Middle East and Africa Surgical Drainage Devices Market
11.4.7.4.1 Rest of Middle East and Africa Surgical Drainage Devices Market by Product
11.4.7.4.2 Rest of Middle East and Africa Surgical Drainage Devices Market by Type
11.4.7.4.3 Rest of Middle East and Africa Surgical Drainage Devices Market by Application
11.4.7.4.4 Rest of Middle East and Africa Surgical Drainage Devices Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Surgical Drainage Devices Market Overview
11.5.2 South and Central America Surgical Drainage Devices Market Forecasts and Analysis
11.5.3 South and Central America Surgical Drainage Devices Market Forecasts and Analysis - By Product
11.5.4 South and Central America Surgical Drainage Devices Market Forecasts and Analysis - By Type
11.5.5 South and Central America Surgical Drainage Devices Market Forecasts and Analysis - By Application
11.5.6 South and Central America Surgical Drainage Devices Market Forecasts and Analysis - By End User
11.5.7 South and Central America Surgical Drainage Devices Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Surgical Drainage Devices Market
11.5.7.1.1 Brazil Surgical Drainage Devices Market by Product
11.5.7.1.2 Brazil Surgical Drainage Devices Market by Type
11.5.7.1.3 Brazil Surgical Drainage Devices Market by Application
11.5.7.1.4 Brazil Surgical Drainage Devices Market by End User
11.5.7.2 Argentina Surgical Drainage Devices Market
11.5.7.2.1 Argentina Surgical Drainage Devices Market by Product
11.5.7.2.2 Argentina Surgical Drainage Devices Market by Type
11.5.7.2.3 Argentina Surgical Drainage Devices Market by Application
11.5.7.2.4 Argentina Surgical Drainage Devices Market by End User
11.5.7.3 Rest of South and Central America Surgical Drainage Devices Market
11.5.7.3.1 Rest of South and Central America Surgical Drainage Devices Market by Product
11.5.7.3.2 Rest of South and Central America Surgical Drainage Devices Market by Type
11.5.7.3.3 Rest of South and Central America Surgical Drainage Devices Market by Application
11.5.7.3.4 Rest of South and Central America Surgical Drainage Devices Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SURGICAL DRAINAGE DEVICES MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOINT VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. SURGICAL DRAINAGE DEVICES MARKET, KEY COMPANY PROFILES
14.1. B. BRAUN MELSUNGEN AG
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. COOK GROUP
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. CARDINAL HEALTH INC.
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. MEDTRONIC
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. ETHICON USA, LLC
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
14.6. BD (C. R. BARD, INC.)
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. STRYKER
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. ZIMMER BIOMET
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. MEDLINE INDUSTRIES, INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. CONVATEC INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. B. Braun Melsungen AG
2. Cook Group
3. Cardinal Health
4. Medtronic
5. Ethicon USA, LLC
6. C. R. Bard, Inc.
7. Stryker
8. Zimmer Biomet
9. Medline Industries, Inc.
10. ConvaTec Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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