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

Dialysis Market ( By Procedure Type: Hemodialysis, Peritoneal Dialysis; By Product Type: Equipments, Services, Consumables; By End-Users: Hospitals, Specialty Centers, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global dialysis market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 124.2 Bn by 2026. Dialysis is a treatment that performs some tasks which are done by a healthy kidney. This is needed to keep the body in balance when the kidneys fail. Dialysis helps in removing waste, salt, and extra water and keeps a safe level of certain chemicals i

Dental Implants Market (By Product: Tapered implants, Parallel walled implants; By Type: Endosteal Implants, Subperiosteal Implants, Transosteal Implants; By Material: Titanium, Zirconium; By End-use: Hospitals, Dental clinics, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global dental implants market is expected to grow at a CAGR of around 5.6% over the forecast period 2019 to 2026 and to reach the market value of around US$ 6,084.5 Mn by 2026. The dental implant is the artificial root of the tooth that is placed into the jaw to the replaced teeth or the dental bridge. This is usually made from the titanium material and used for the people who

Healthcare Distribution Market (By Type: Pharmaceutical Product Distribution Services, Biopharmaceutical Product Distribution Services, Medical Device Distribution Services; By End-User: Retail Pharmacies, Hospital Pharmacies, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global healthcare distribution market value is expected to reach around US$ 1,275 Bn by 2026 and growing at a CAGR of around 7.7% over the forecast period 2019 to 2026. Healthcare distribution refers to the entire distribution practices in the healthcare industry for accomplishing the tasks including purchasing medical, laboratory and pharmacy supplies, Customer relationship management (CRM), Enterprise re

Open MRI Systems Market (By Field Strength: Low, Medium, High; By Application: Brain, Spine, Abdominal, Breast, Cardiac, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global open MRI systems market is expected to grow at a CAGR of around 6.1% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 1,563.1 Mn by 2026. Magnetic resonance imaging (MRI) systems refer to the equipment which uses the medical imaging technique to form images of physiological processes of the body with the help of radiofrequency pu

Artificial Intelligence for Drug Discovery Market (By Drug Type: Small Molecule, Large Molecule; By Technology: Deep Learning, Machine Learning; By Application: Metabolic Disease, Cardiovascular Diseases, Oncology, Neurodegenerative Diseases, Others; By End use: Pharmaceutical & Biotechnological Companies, Academic & Research Institutes, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Artificial Intelligence for Drug Discovery Market size is expected to reach around US$ 8,149 Mn by 2026 and is expected to register a CAGR of above 42%. There is constant increase in number of patients suffering from chronic diseases across the globe and pharmaceutical companies are investing high on development of various drugs. Artificial Intelligence is able to assist manufacturers by providing s

Healthcare Staffing Market By Service (Travel Nurse, Locum Tenens, Per Diem Nurse, Allied Healthcare) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global healthcare staffing market value is expected to reach around US$ 45.2 Bn by 2026 and growing at a CAGR of around 5.2% over the forecast period 2019 to 2026. Healthcare staffing agencies are the recruitment firms that provide a broad spectrum of healthcare staff ranging from nurse and physician to allied clinician and pharmacists. Healthcare facilities often need assistan

Cart Summary