Medical Device Outsourcing Market (By Services: Quality Assurance, Regulatory Affairs Services [Clinical trials applications and product registrations, Regulatory writing and publishing, Legal representation, Other], Product Design and Development Services [Designing & engineering, Machining, Molding, Packaging], Product Testing & Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing [Accessories manufacturing, Assembly manufacturing, Component manufacturing, Device manufacturing], By Therapeutic Area: Cardiology, Diagnostic imaging, Orthopedic, IVD, Ophthalmic, General and plastic surgery, Drug delivery, Dental, Endoscopy, Diabetes care, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global medical device outsourcing market size in terms of revenue is expected to reach USD 193.6 billion in 2026. The global medical device outsourcing market is expected to experience a CAGR of 10.7% during the forecast period. Growing demand for medical devices tied with growing trend of off-shoring is expected to drive the market during the forecast period.

Market Dynamics

Growing competition among medical device manufacturers is the primary reason to making of products at lower and reasonable cost. This factor is positively impacting the growth of global medical device outsourcing market. Continuous change in regulatory landscape and growing awareness and inclination towards outsourcing services such as quality assurance, product implementation, and regulatory consulting are also expected to augment the global medical device outsourcing market during the forecast period.

Market Insights

Rising geriatric population is also influencing the demand for medical devices. This demographic shapes a large customer base with limited health resource, thereby approaching manufacturers towards subcontracting of activities such as packaging, assembling, and many others. For instance, new entrants in the medical device industry are likely to outsource device designing in order to be technologically updated and meet demands of patients.

Moreover, increasing complexities in the product manufacturing coupled with growing number of new entrants globally are expected to outline the future of the global medical device outsourcing market. Increasing occurrence of chronic disorders among the global population is raising the demand for medical devices. This factor, in turn, is working in favour of the market.

Market Segmentation

Market By Services

  • Quality Assurance
  • Regulatory Affairs Services
    • Clinical trials applications and product registrations
    • Regulatory writing and publishing
    • Legal representation
    • Other
  • Product Design and Development Services
    • Designing & engineering
    • Machining
    • Molding
    • Packaging
  • Product Testing & Sterilization Services
  • Product Implementation Services
  • Product Upgrade Services
  • Product Maintenance Services
  • Contract Manufacturing
    • Accessories manufacturing
    • Assembly manufacturing
    • Component manufacturing
    • Device manufacturing

Market By Therapeutic Area 

  • Cardiology
    • Class I
    • Class II
    • Class III
  • Diagnostic imaging
    • Class I
    • Class II
    • Class III
  • Orthopedic
    • Class I
    • Class II
    • Class III
  • IVD
    • Class I
    • Class II
    • Class III
  • Ophthalmic
    • Class I
    • Class II
    • Class III
  • General and plastic surgery
    • Class I
    • Class II
    • Class III
  • Drug delivery
    • Class I
    • Class II
    • Class III
  • Dental
    • Class I
    • Class II
    • Class III
  • Endoscopy
    • Class I
    • Class II
    • Class III
  • Diabetes care
    • Class I
    • Class II
    • Class III
  • Others
    • Class I
    • Class II
    • Class III

 Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Asia Pacific medical device outsourcing market is expected to dominate during the forecast period. North America and Europe constituted considerable cumulative share in 2016 attributable to well established manufacturing infrastructure for expensive and complex medical devices.

Market Participants

The key players catering to the global medical device outsourcing market are Integer; Tecomet; Jabil; Flextronics; Celestica; Sanmina; Plexus; SGS SA; Toxikon Inc.; Eurofins Scientific; Pace Analytical Services; Intertek Group; MAPI; PPD; Freyr Solutions; and Wuxi Apptec. The global players are continuously investing in R&D activities and innovating to have updated technology based product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries.


Related Reports

Systemic Lupus Erythematosus Market (By Drug Classes: NSAIDs, Corticosteroids, Antimalarials, Immunosuppressants, Biologics; ByRoute of Administration, Oral, Intravenous, Subcutaneous) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global Systemic lupus erythematosus market size is anticipated to around USD 2.7 billion by 2026, this market is anticipated to grow with 7.0% CAGR during the forecast time period. Market Dynamics Biologics for autoimmune conditions enhance treatment to a hug

Continuous Glucose Monitoring (CGM) Systems/Devices Market (By Component: Transmitters & Receivers, Sensors, Insulin Pumps; By End-use: Hospitals, Homecare Settings, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global Continuous Glucose Monitoring (CGM) Systems/Devices market size is anticipated to around USD 2.2 billion by 2026, this market is anticipated to grow with 14.3% CAGR during the forecast time period. Market Dynamics Developing instances of diabetes, comb

Multiparameter Patient Monitoring Market (By Type: Fixed, Portable; By Acuity Level: High-Acuity, Mid-Acuity, Low-Acuity; By Age Group: Adult, Pediatric, Geriatric; By End Use: Hospitals, Homecare Settings, Ambulatory Surgical Centers) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction Multiparameter patient monitoring system is a solution that helps healthcare centres to enhance and improve clinical performance. The multiparameter patient monitors are available in a broad range. The multiparameter patient monitors have various functions such as drug dose calculation, pace detection, paediatric, adult and neonatal monitoring and night mode facility. The report provides analy

Cranial Implants Market (By Product: Non-Customized Cranial Implants, Customized Cranial Implants; By Material: Ceramic, Polymer, Metal; By End-user: Specialty Neurosurgery Centers, Hospitals) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction Global cranial implants industry size is examined and is anticipated to value around USD 1.5 billion by the end of 2026. The market is anticipated to develop with a CAGR of 6.4% during the forthcoming years. Market Dynamics The global cranial implants market is d

Chronic Obstructive Pulmonary Disease Treatment Market (By Drug Class: Bronchodilators, Combination, Phosphodiesterase Type 4 Inhibitors, Mucokinetics, Corticosteroids, Others; By Distribution Channel: Online Pharmacies, Hospital Pharmacies, Retail Pharmacies) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction Global chronic obstructive pulmonary disease treatment market income is anticipated to value around USD 24.3 billion by the end of 2026. The market is anticipated to develop with a CAGR of 4.9% between the years 2018 to 2026. Market Dynamics The market is driven

Cancer Diagnostics Market (By Type: Laboratory Tests, Genetic Tests, Imaging, Endoscopy, Biopsy, Others (barium enema); By Application: Breast Cancer, Colorectal Cancer, Cervical Cancer, Lung Cancer, Prostate Cancer, Skin Cancer, Blood Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, Ovarian Cancer, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction Global cancer diagnostics market size is studied and is anticipated to value around USD 250.3 billion by the end of 2026. The market is anticipated to develop with a CAGR of 7.2% during the forthcoming years. Market Dynamics Developing predominance of oncologic c

Cart Summary