Market Overview:
The global medical devices outsourcing market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical devices and the growing need for cost-effective solutions. The product design and development services segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for innovative and customized medical devices. In addition, regulatory consulting services are also expected to witness high growth during the forecast period, as they help manufacturers comply with various regulatory requirements across different geographies.
Product Definition:
Medical devices outsourcing is the process of contracting with a third party to produce, assemble, or test medical devices. This can save time and money for the manufacturer, and often results in higher quality products.
Product Design And Development Services:
Product design and development services include all the activities required to create a product from its inception to finished product. It includes research & development, concept generation, graphic designing, manufacturing & quality control processes and post-marketing modifications as well. Medical devices outsourcing is expected to grow at a lucrative rate over the forecast period owing to factors such as increasing demand for medical products coupled with rising cost of production in emerging countries like India and China.
Regulatory Consulting Services:
Regulatory consulting services are the ones that provide advice to a medical device company on all the regulations and guidelines that apply to them. It is done for two reasons, either because the company does not have an in house regulatory affairs department or because it needs help with compliance issues arising from new product development, production or marketing of its current products.
Application Insights:
Based on application, the global medical devices outsourcing market is segmented into hospitals, clinics and other healthcare facilities, and others. The hospitals segment dominated the overall market in terms of revenue share in 2017. This can be attributed to factors such as increasing hospital construction across the globe to cater to an increasing number of patients with complex medical conditions requiring advanced technology for their treatment.
The growing trend of patient safety is driving service providers towards offering technological solutions that enhance care quality while reducing costs through automation. Medical equipment and software are increasingly being replaced by automated systems that deliver higher quality at lower cost as they require fewer personnel for operation or maintenance tasks.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing outsourcing activities by North American companies and rising demand for new technologies in this region. Asia Pacific is anticipated to witness lucrative growth over the coming years owing to factors such as improving healthcare infrastructure, growing awareness about medical devices, and an increase in investments by multinational companies for developing innovative products with better quality at lower prices.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for medical devices is expected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and trauma than traditional open surgery.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and heart disease is rising rapidly due to changing lifestyles and aging populations. This is driving the demand for advanced medical devices that can help diagnose and treat these conditions effectively.
- Technological advancements: Medical device manufacturers are constantly innovating new technologies that can improve the accuracy, safety, and efficiency of their products. For example, 3D printing technology is being used increasingly in medical device manufacturing to create customized implants and prosthetics that fit patients’ unique anatomies perfectly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Devices Outsourcing Market Research Report
By Type
Product Design And Development Services, Regulatory Consulting Services, Product Testing Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services
By Application
Hospitals, Clinics, Others
By Companies
Accellent, Active Implants, Cirtec Medical Systems, Mdmi Technologies, Micro Systems Engineering, Creganna-Tactx Medical, Avail Medical Product
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Medical Devices Outsourcing Market Report Segments:
The global Medical Devices Outsourcing market is segmented on the basis of:
Types
Product Design And Development Services, Regulatory Consulting Services, Product Testing Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accellent
- Active Implants
- Cirtec Medical Systems
- Mdmi Technologies
- Micro Systems Engineering
- Creganna-Tactx Medical
- Avail Medical Product
Highlights of The Medical Devices Outsourcing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Product Design And Development Services
- Regulatory Consulting Services
- Product Testing Services
- Product Implementation Services
- Product Upgrade Services
- Product Maintenance Services
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Devices Outsourcing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical devices outsourcing is the process of contracting with a third-party company to provide medical equipment, supplies, or services. Outsourcing can save healthcare organizations money by providing products and services that are more affordable than those offered by in-house staff.
Some of the key players operating in the medical devices outsourcing market are Accellent, Active Implants, Cirtec Medical Systems, Mdmi Technologies, Micro Systems Engineering, Creganna-Tactx Medical, Avail Medical Product.
The medical devices outsourcing market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Devices Outsourcing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Devices Outsourcing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Devices Outsourcing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Devices Outsourcing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Devices Outsourcing Market Size & Forecast, 2020-2028
4.5.1 Medical Devices Outsourcing Market Size and Y-o-Y Growth
4.5.2 Medical Devices Outsourcing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Product Design And Development Services
5.2.2 Regulatory Consulting Services
5.2.3 Product Testing Services
5.2.4 Product Implementation Services
5.2.5 Product Upgrade Services
5.2.6 Product Maintenance Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Devices Outsourcing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Devices Outsourcing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Product Design And Development Services
9.6.2 Regulatory Consulting Services
9.6.3 Product Testing Services
9.6.4 Product Implementation Services
9.6.5 Product Upgrade Services
9.6.6 Product Maintenance Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Product Design And Development Services
10.6.2 Regulatory Consulting Services
10.6.3 Product Testing Services
10.6.4 Product Implementation Services
10.6.5 Product Upgrade Services
10.6.6 Product Maintenance Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Product Design And Development Services
11.6.2 Regulatory Consulting Services
11.6.3 Product Testing Services
11.6.4 Product Implementation Services
11.6.5 Product Upgrade Services
11.6.6 Product Maintenance Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Product Design And Development Services
12.6.2 Regulatory Consulting Services
12.6.3 Product Testing Services
12.6.4 Product Implementation Services
12.6.5 Product Upgrade Services
12.6.6 Product Maintenance Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Product Design And Development Services
13.6.2 Regulatory Consulting Services
13.6.3 Product Testing Services
13.6.4 Product Implementation Services
13.6.5 Product Upgrade Services
13.6.6 Product Maintenance Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Devices Outsourcing Market: Competitive Dashboard
14.2 Global Medical Devices Outsourcing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accellent
14.3.2 Active Implants
14.3.3 Cirtec Medical Systems
14.3.4 Mdmi Technologies
14.3.5 Micro Systems Engineering
14.3.6 Creganna-Tactx Medical
14.3.7 Avail Medical Product
