The study involved four major activities in estimating the volume of outpatient surgical procedures in the US. Exhaustive secondary research was conducted to collect information on the number of procedures as well as the types of outpatient healthcare settings. The next step was to validate these findings and assumptions as well as the sizing with industry experts across the value chain through primary research. The bottom-up approach was employed to estimate the complete number of outpatient procedures. Thereafter, data triangulation was used to estimate the volume of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources such as the National Center for Health Statistics, WHO, and Centers for Disease Control and Prevention were referred to in order to identify and collect information useful for this technical and commercial study of the outpatient surgical procedures volume market. These secondary sources included annual reports, press releases, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases. Secondary research was mainly used to obtain key information about the total number of surgical procedures that require capnography, types of outpatient surgeries, and segmentation, according to the trends to the bottom-most level.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the capnography monitoring devices market. Primary sources from the demand side include doctors, surgeons, hospital management & nursing staff.

After the market engineering process was completed (which includes calculations for market statistics, market volume estimations, volume market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the market segmentation and the key market dynamics such as drivers, restraints, opportunities, challenges, and industry trends. Given below is the breakdown of primary respondents:

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Market Size Estimation

The bottom-up approach was used to estimate and validate the total volume of outpatient surgical procedures that require capnography. The approach was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market volume includes the following:

Identification of outpatient departments that buy capnography monitors

Identification of surgical procedures performed in outpatient departments in the US

Interviewing industry leaders such as CEOs, VPs, directors, and marketing executives for key insights

Determination of breakdowns using secondary sources and verification through primary sources

Verifying and analyzing all the possible parameters that affect the volume of outpatient surgeries in this research study to get the final quantitative and qualitative data

Consolidating the above-mentioned data and adding detailed inputs and analysis from MarketsandMarkets

Data Triangulation

After arriving at the overall market volume from the volume estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. Data was triangulated by studying various factors and trends from industry experts.

Report Objectives