Medical Device Manufacturing Outsourcing Market , by Device Type (Cardiovascular, IVD (Consumable, Equipment), Diabetes Care, Dental, Drug Delivery, Orthopedic, Endoscopy Devices, Ophthalmic), By Service (Quality Management Services, Final Goods Assembly Services, Device Development and Manufacturing Services), by Class of Device (Class I, Class II Class III), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072133
- 215 Pages
- April 2020
- Healthcare
Massive growth in global healthcare industry and increasing prevalence of chronic disorders globally is projected to boost the growth of medical device manufacturing outsourcing market. Moreover, rise in the life expectancy, growing demand for the technological adoption in the medical devices sector, and major growth in geriatric population are the factors expected to surge medical device manufacturing outsourcing market growth. For example, according to data of World Population Prospects, 1 out of 6 people worldwide will be more than age 65 (16%) by the year 2050. These key factors are anticipated to drive the growth of the global medical device manufacturing market, over the projected period. However, the threat of leakage of confidential information can decline the growth of global medical device manufacturing outsourcing market. To meet the huge demand for healthcare emerging industries, the governments of china and India are focusing more on the enactment of policies such as “Healthy China 2030 Plan” and “National Health Protection Mission”. Also, rapid enhancements in the quality of healthcare sector in emerging economies are projected to generate huge opportunities of the medical device manufacturing outsourcing market. Developing countries such as India are projected to increase healthcare expenditure mainly because of extensively growing patients of non-communicable diseases (NCDs) diabetes, and cancer. Hence, these countries are emphasizing mainly on implementation of effective solutions and strategies to close gaps in healthcare industries. In addition, growing income of the people and swiftly growing urbanization among these countries are projected to upsurge the medical device manufacturing outsourcing market.
Based on the device type, the global medical device manufacturing outsourcing market is segmented into Cardiovascular, IVD (Consumable, Equipment), Diabetes Care, Dental, Drug Delivery, Orthopedic, Endoscopy Devices, and Ophthalmic. The global IVD devices has the largest market share, and it is projected to cross $14.0 million, during the analysis period.
Based on the service, the global medical device manufacturing outsourcing market is mainly categorized into quality management services, device development and manufacturing services, and final goods assembly services. The global development and manufacturing services has significant share and it is projected to register revenue of $35.6 at a CAGR of 9.7%, throughout the projected period.
Based on the class of device, the global medical device manufacturing outsourcing market is mainly categorized into class I, class II, and class III. The Class II medical device has significant share in the market and it is anticipated to register revenue of $38.1 million in 2019.
Asia Pacific medical device manufacturing outsourcing market has the major share in the global market, and it anticipated to surpass $32.3 million, throughout the projected period. North American medical device manufacturing outsourcing market has generated a revenue of $13.8 million in 2018 and it is anticipated to cross $31.2 million by 2026.
The leading medical device manufacturing outsourcing market players include Mitutoyo Corporation, FLEX LTD., Tecomet, Inc., Integer Holdings Corporation, Nortech Systems, Inc., Hamilton Company., DAIICHI JITSUGYO CO., LTD., Kinetics Climax Inc., Cirtec. and Creganna. The leading medical device manufacturing outsourcing market companies are focusing more on integrated product developments, Merger & acquisitions and strategic partnerships. These are the multiple strategies followed by the established market players.
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Device Type trends
2.3.Services trends
2.4.Class of Device trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Medical Device Manufacturing Outsourcing Market, by Device Type
4.1.Cardiovascular
4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026
4.2.Dental
4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026
4.3.Diabetes Care
4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026
4.4.Drug Delivery
4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026
4.5.Endoscopy Devices
4.5.1.Market size and forecast, by region, 2018-2026
4.5.2.Comparative market share analysis, 2018 & 2026
4.6.Orthopedic
4.6.1.Market size and forecast, by region, 2018-2026
4.6.2.Comparative market share analysis, 2018 & 2026
4.7.Ophthalmic
4.7.1.Market size and forecast, by region, 2018-2026
4.7.2.Comparative market share analysis, 2018 & 2026
4.8.IVD
4.8.1.Market size and forecast, by region, 2018-2026
4.8.2.Comparative market share analysis, 2018 & 2026
4.8.2.1.Equipment
4.8.3.Market size and forecast, by region, 2018-2026
4.8.4.Comparative market share analysis, 2018 & 2026
4.8.4.1.Consumable
4.8.5.Market size and forecast, by region, 2018-2026
4.8.6.Comparative market share analysis, 2018 & 2026
5.Medical Device Manufacturing Outsourcing Market, by Services
5.1.Quality Management Services
5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026
5.2.Final Goods Assembly Services
5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026
5.3.Device Development and Manufacturing Services
5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026
6.Medical Device Manufacturing Outsourcing Market, by Class Of Device
6.1.Class I
6.1.1.Market size and forecast, by region, 2018-2026
6.1.2.Comparative market share analysis, 2018 & 2026
6.2.Class II
6.2.1.Market size and forecast, by region, 2018-2026
6.2.2.Comparative market share analysis, 2018 & 2026
6.3.Class III
6.3.1.Market size and forecast, by region, 2018-2026
6.3.2.Comparative market share analysis, 2018 & 2026
7.Medical Device Manufacturing Outsourcing Market, by region
7.1.North America
7.1.1.Market size and forecast, by device type, 2018-2026
7.1.2.Market size and forecast, by services, 2018-2026
7.1.3.Market size and forecast, by class of device, 2018-2026
7.1.4.Market size and forecast, by country, 2018-2026
7.1.5.Comparative market share analysis, 2018 & 2026
7.1.6.U.S.
7.1.6.1.Market size and forecast, by device type, 2018-2026
7.1.6.2.Market size and forecast, by services, 2018-2026
7.1.6.3.Market size and forecast, by class of device, 2018-2026
7.1.6.4.Comparative market share analysis, 2018 & 2026
7.1.7.Canada
7.1.7.1.Market size and forecast, by device type, 2018-2026
7.1.7.2.Market size and forecast, by services, 2018-2026
7.1.7.3.Market size and forecast, by class of device, 2018-2026
7.1.7.4.Comparative market share analysis, 2018 & 2026
7.1.8.Mexico
7.1.8.1.Market size and forecast, by device type, 2018-2026
7.1.8.2.Market size and forecast, by services, 2018-2026
7.1.8.3.Market size and forecast, by class of device, 2018-2026
7.1.8.4.Comparative market share analysis, 2018 & 2026
7.2.Europe
7.2.1.Market size and forecast, by device type, 2018-2026
7.2.2.Market size and forecast, by services, 2018-2026
7.2.3.Market size and forecast, by class of device, 2018-2026
7.2.4.Market size and forecast, by country, 2018-2026
7.2.5.Comparative market share analysis, 2018 & 2026
7.2.6.Germany
7.2.6.1.Market size and forecast, by device type, 2018-2026
7.2.6.2.Market size and forecast, by services, 2018-2026
7.2.6.3.Market size and forecast, by class of device, 2018-2026
7.2.6.4.Comparative market share analysis, 2018 & 2026
7.2.7.UK
7.2.7.1.Market size and forecast, by device type, 2018-2026
7.2.7.2.Market size and forecast, by services, 2018-2026
7.2.7.3.Market size and forecast, by class of device, 2018-2026
7.2.7.4.Comparative market share analysis, 2018 & 2026
7.2.8.France
7.2.8.1.Market size and forecast, by device type, 2018-2026
7.2.8.2.Market size and forecast, by services, 2018-2026
7.2.8.3.Market size and forecast, by class of device, 2018-2026
7.2.8.4.Comparative market share analysis, 2018 & 2026
7.2.9.Spain
7.2.9.1.Market size and forecast, by device type, 2018-2026
7.2.9.2.Market size and forecast, by services, 2018-2026
7.2.9.3.Market size and forecast, by class of device, 2018-2026
7.2.9.4.Comparative market share analysis, 2018 & 2026
7.2.10.Italy
7.2.10.1.Market size and forecast, by device type, 2018-2026
7.2.10.2.Market size and forecast, by services, 2018-2026
7.2.10.3.Market size and forecast, by class of device, 2018-2026
7.2.10.4.Comparative market share analysis, 2018 & 2026
7.2.11.Rest of Europe
7.2.11.1.Market size and forecast, by device type, 2018-2026
7.2.11.2.Market size and forecast, by device type, 2018-2026
7.2.11.3.Market size and forecast, by services, 2018-2026
7.2.11.4.Comparative market share analysis, 2018 & 2026
7.3.Asia Pacific
7.3.1.Market size and forecast, by device type, 2018-2026
7.3.2.Market size and forecast, by services, 2018-2026
7.3.3.Market size and forecast, by class of device, 2018-2026
7.3.4.Market size and forecast, by country, 2018-2026
7.3.5.Comparative market share analysis, 2018 & 2026
7.3.6.China
7.3.6.1.Market size and forecast, by device type, 2018-2026
7.3.6.2.Market size and forecast, by services, 2018-2026
7.3.6.3.Market size and forecast, by class of device, 2018-2026
7.3.6.4.Comparative market share analysis, 2018 & 2026
7.3.7.India
7.3.7.1.Market size and forecast, by device type, 2018-2026
7.3.7.2.Market size and forecast, by services, 2018-2026
7.3.7.3.Market size and forecast, by class of device, 2018-2026
7.3.7.4.Comparative market share analysis, 2018 & 2026
7.3.8.Australia
7.3.8.1.Market size and forecast, by device type, 2018-2026
7.3.8.2.Market size and forecast, by services, 2018-2026
7.3.8.3.Market size and forecast, by class of device, 2018-2026
7.3.8.4.Comparative market share analysis, 2018 & 2026
7.3.9.Rest of Asia Pacific
7.3.9.1.Market size and forecast, by device type, 2018-2026
7.3.9.2.Market size and forecast, by services, 2018-2026
7.3.9.3.Market size and forecast, by class of device, 2018-2026
7.3.9.4.Comparative market share analysis, 2018 & 2026
7.4.LAMEA
7.4.1.Market size and forecast, by device type, 2018-2026
7.4.2.Market size and forecast, by services, 2018-2026
7.4.3.Market size and forecast, by class of device, 2018-2026
7.4.4.Market size and forecast, by country, 2018-2026
7.4.5.Comparative market share analysis, 2018 & 2026
7.4.6.Latin America
7.4.6.1.Market size and forecast, by device type, 2018-2026
7.4.6.2.Market size and forecast, by services, 2018-2026
7.4.6.3.Market size and forecast, by class of device, 2018-2026
7.4.6.4.Comparative market share analysis, 2018 & 2026
7.4.7.Middle East
7.4.7.1.Market size and forecast, by device type, 2018-2026
7.4.7.2.Market size and forecast, by services, 2018-2026
7.4.7.3.Market size and forecast, by class of device, 2018-2026
7.4.7.4.Comparative market share analysis, 2018 & 2026
7.4.8.Africa
7.4.8.1.Market size and forecast, by device type, 2018-2026
7.4.8.2.Market size and forecast, by services, 2018-2026
7.4.8.3.Market size and forecast, by class of device, 2018-2026
7.4.8.4.Comparative market share analysis, 2018 & 2026
8.Company profiles
8.1.Tecomet, Inc.
8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Product portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis
8.2.Creganna
8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Product portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis
8.3.FLEX LTD.
8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Product portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis
8.4.Mitutoyo Corporation
8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Product portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis
8.5.Nortech Systems, Inc.
8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Product portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis
8.6.Integer Holdings Corporation
8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Product portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis
8.7.DAIICHI JITSUGYO CO., LTD.
8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Product portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis
8.8.Hamilton Company.
8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Product portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis
8.9.Cirtec
8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Product portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis
8.10.Kinetics Climax Inc.
8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Product portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis
Similar Reports
The global digital pathology market was valued at $3,323 million in 2016, and is expected to reach $8,668 million by 2023, registering a CAGR of 14.8% during the forecast period. Digital pathology is defined as an image-based information setting enabled b...
- Publish Date: February 26, 2018
- $5370
The global regenerative medicine market was valued at $5,444 million in 2016, and is estimated to reach $39,325 million by 2023, registering a CAGR of 32.2% from 2017 to 2023. Regenerative medicines are used to repair, replace, and regenerate tissues & organs that are affected owin...
- Publish Date: May 29, 2018
- $5370
The medical robotics and computer-assisted surgery is a combination of equipment, accessories, software, and services that aid in performing different functions, such as robotic minimally invasive and non-invasive radiosurgeries, rehabilitation therapies, and hospital & pharmacy automation. Surgical robotics...
- Publish Date: May 1, 2016
- $5370
