The global medical device manufacturing outsourcing market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for medical devices and increasing number of patients suffering from chronic diseases. The major players in this market are GE Healthcare, Philips Healthcare, Siemens Healthcare, Abbott Laboratories, Medtronic plc., and Stryker Corporation.
- The global medical device manufacturing outsourcing market is expected to grow at a CAGR of 6.5% from 2017 to 2022.
- The increasing demand for medical devices in emerging economies such as China and India is one of the major factors driving the growth of this market.
- The rising number of chronic diseases such as diabetes and obesity are also contributing to the growth of this market due to increased demand for medical devices used in treatment and diagnosis procedures for these diseases.
- Increasing government initiatives aimed at reducing healthcare costs are also driving the growth of this market by encouraging manufacturers to outsource their production processes overseas where labor costs are lower than in developed countries like US, Canada, Germany, France, Italy etcetera . This has led many manufacturers who were previously reluctant about outsourcing their production processes overseas due to quality concerns or lack of expertise on how best manage outsourced operations now consider it an attractive option because they can reduce their operational costs significantly while still maintaining high quality standards through effective management practices and stringent quality control measures during production process monitoring stages before shipment takes place.
Industry Growth Insights published a new data on “Medical Device Manufacturing Outsourcing Market”. The research report is titled “Medical Device Manufacturing Outsourcing Market research by Types (Full-Managed Outsourcing, Co-Managed Outsourcing, ), By Applications (Ortho & spine, Cardiovascular, Medical imaging, IVDs, General medical devices, Others, ), By Players/Companies Nortech Systems, Tecomet, FLEX, Creganna Tactx Medical, Greatbatch, Daiichi Jitsugyo, Mitutoyo, Hamilton Company, Cirtec Medical Systems, Kinetic Climax, Celestica, Integer, TE Connectivity, Sanbor Medical, ”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Device Manufacturing Outsourcing Market Research Report
By Type
Full-Managed Outsourcing, Co-Managed Outsourcing,
By Application
Ortho & spine, Cardiovascular, Medical imaging, IVDs, General medical devices, Others,
By Companies
Nortech Systems, Tecomet, FLEX, Creganna Tactx Medical, Greatbatch, Daiichi Jitsugyo, Mitutoyo, Hamilton Company, Cirtec Medical Systems, Kinetic Climax, Celestica, Integer, TE Connectivity, Sanbor Medical,
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Medical Device Manufacturing Outsourcing Market Report Segments:
The global Medical Device Manufacturing Outsourcing market is segmented on the basis of:
Types
Full-Managed Outsourcing, Co-Managed Outsourcing,
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
Ortho & spine, Cardiovascular, Medical imaging, IVDs, General medical devices, 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:
- Nortech Systems
- Tecomet
- FLEX
- Creganna Tactx Medical
- Greatbatch
- Daiichi Jitsugyo
- Mitutoyo
- Hamilton Company
- Cirtec Medical Systems
- Kinetic Climax
- Celestica
- Integer
- TE Connectivity
- Sanbor Medical
Highlights of The Medical Device Manufacturing 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:
- Full-Managed Outsourcing
- Co-Managed Outsourcing
- By Application:
- Ortho & spine
- Cardiovascular
- Medical imaging
- IVDs
- General medical devices
- 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 Device Manufacturing 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.
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- 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 device manufacturing outsourcing is the process of contracting with a third-party manufacturer to produce medical devices. This can be done in a variety of ways, including through contract manufacturing, direct procurement, or supply chain management. Outsourcing allows companies to reduce costs and increase efficiency by taking advantage of the expertise and resources of a third party.
Some of the key players operating in the medical device manufacturing outsourcing market are Nortech Systems, Tecomet, FLEX, Creganna Tactx Medical, Greatbatch, Daiichi Jitsugyo, Mitutoyo, Hamilton Company, Cirtec Medical Systems, Kinetic Climax, Celestica, Integer, TE Connectivity, Sanbor Medical.
The medical device manufacturing outsourcing market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Device Manufacturing Outsourcing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Device Manufacturing Outsourcing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Device Manufacturing Outsourcing Market - Supply Chain
4.5. Global Medical Device Manufacturing Outsourcing Market Forecast
4.5.1. Medical Device Manufacturing Outsourcing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Device Manufacturing Outsourcing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Device Manufacturing Outsourcing Market Absolute $ Opportunity
5. Global Medical Device Manufacturing Outsourcing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
5.3.1. Full-Managed Outsourcing
5.3.2. Co-Managed Outsourcing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Device Manufacturing Outsourcing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
6.3.1. Ortho & spine
6.3.2. Cardiovascular
6.3.3. Medical imaging
6.3.4. IVDs
6.3.5. General medical devices
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Device Manufacturing Outsourcing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Device Manufacturing Outsourcing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Device Manufacturing Outsourcing Demand Share Forecast, 2019-2026
9. North America Medical Device Manufacturing Outsourcing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
9.4.1. Ortho & spine
9.4.2. Cardiovascular
9.4.3. Medical imaging
9.4.4. IVDs
9.4.5. General medical devices
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
9.7.1. Full-Managed Outsourcing
9.7.2. Co-Managed Outsourcing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Device Manufacturing Outsourcing Demand Share Forecast, 2019-2026
10. Latin America Medical Device Manufacturing Outsourcing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
10.4.1. Ortho & spine
10.4.2. Cardiovascular
10.4.3. Medical imaging
10.4.4. IVDs
10.4.5. General medical devices
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
10.7.1. Full-Managed Outsourcing
10.7.2. Co-Managed Outsourcing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Device Manufacturing Outsourcing Demand Share Forecast, 2019-2026
11. Europe Medical Device Manufacturing Outsourcing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
11.4.1. Ortho & spine
11.4.2. Cardiovascular
11.4.3. Medical imaging
11.4.4. IVDs
11.4.5. General medical devices
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medicl Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
11.7.1. Full-Managed Outsourcing
11.7.2. Co-Managed Outsourcing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Device Manufacturing Outsourcing Demand Share, 2019-2026
12. Asia Pacific Medical Device Manufacturing Outsourcing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
12.4.1. Ortho & spine
12.4.2. Cardiovascular
12.4.3. Medical imaging
12.4.4. IVDs
12.4.5. General medical devices
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
12.7.1. Full-Managed Outsourcing
12.7.2. Co-Managed Outsourcing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Device Manufacturing Outsourcing Demand Share, 2019-2026
13. Middle East & Africa Medical Device Manufacturing Outsourcing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Device Manufacturing Outsourcing Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Application
13.4.1. Ortho & spine
13.4.2. Cardiovascular
13.4.3. Medical imaging
13.4.4. IVDs
13.4.5. General medical devices
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Device Manufacturing Outsourcing Market Size and Volume Forecast by Type
13.7.1. Full-Managed Outsourcing
13.7.2. Co-Managed Outsourcing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Device Manufacturing Outsourcing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Device Manufacturing Outsourcing Market: Market Share Analysis
14.2. Medical Device Manufacturing Outsourcing Distributors and Customers
14.3. Medical Device Manufacturing Outsourcing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nortech Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tecomet
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FLEX
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Creganna Tactx Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Greatbatch
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daiichi Jitsugyo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitutoyo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hamilton Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cirtec Medical Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kinetic Climax
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Celestica
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Integer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TE Connectivity
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sanbor Medical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
