Market Definition:
• A medical device is any instrument, software, implement, machine, appliance, apparatus, reagent for in vitro use, implant, material or other similar or related article, deliberated by the manufacturer to be used, alone or in combination, for human beings, for specific medical purposes.
• These devices benefit patients by providing them health care diagnose and treat and help them to control disease or sickness further improving their quality of life.
Market Overview and Trends
• With the rising demand for advanced products and increase in competition amongst the manufacturers is moving towards the development of products at lower cost.
• It can also be predicted that the growing inclination towards outsourcing services like product implementation, regulatory consulting and quality assurance can enlarge the medical device outsourcing market.
• Decreases in the overall cost, reduction in the time required by the manufacturers to take part in the market are some of the evidences of increase in the medical outsourcing market.
• The outsourcing also permits the companies to centre its interest on their main objectives such as marketing of the medical device.
Market Dynamics:
Factors Influencing the Market Growth:
• The factors driving the Global Medical Device Outsourcing markets are- Introduction of new and innovative products, rising costs for hospital and increasing demand of medical devices, need for cost effective products, and others. Several development programs held by Polymer Science and Engineering Department by the University of Massachusetts for the growth of medical device industry and also help to generate skilled workers.
• The increasing demand for medical devices along with the rising price competition and requirement to reduce cost is projected to drive the growth of the market during the forecast period.
• The changing regulatory landscape and increasing tendency towards outsourcing services for example, quality assurance, regulatory consulting, and product implementation are expected to the growth of market during the forecast period.
Factors Restraining the Market Growth:
• The factors restraining the market growth are the threat of loss of confidential information, constant cost pressures and reimbursement policies could affect the growth rate of the Global Medical Device Outsourcing market.
Market Segmentation 2019-2029:
The Global Medical Device Outsourcing market is segmented on the product, device type, application and region.
1. Global Medical Device Outsourcing, by Product
a) Finished goods
b) Electronics
c) Raw Materials
2. Global Medical Device Outsourcing, by Device Type
a) Class I Devices
b) Class II Devices
c) Class III Devices
3. Global Medical Device Outsourcing, by Application
a) Orthopaedics and Spine
b) Cardiovascular
c) Radiology
d) General Medical Devices
e) Others
4. Global Medical Device Outsourcing, by Region
a) North America
– US
– Canada
b) Europe
– Germany
– UK
– France
– Rest of Europe
c) Asia Pacific
– Japan
– China
– India
– Rest of Asia Pacific
d) Rest of the World (RoW)
Competitive Analysis:
• Research and development is the primary strategy adopted by the key players in the Global Biodefense market.
• These companies have developed various strategies and developments such as product launch, partnerships, mergers & acquisitions, joint venture, and collaborations.
Major Market Players:
Celestica, Inc., Creganna, Flextronics International Ltd., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., Plexus Corp., Sanmina Corporation, Tecomet, Inc., and West Pharmaceutical Services, Inc.
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CCR Ref number: KD4R6
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1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Stakeholders
2. Research Methodology
2.1 Research Data
2.1.1 Primary Data
2.1.2 Secondary Data
2.2 Market Size Estimation
2.3 Research Assumptions
3. Executive Summary
4. Industry Insights
5. Global Medical Device Outsourcing market – By Product
5.1 Finished goods
5.2 Electronics
5.3 Raw Materials
6. Global Medical Device Outsourcing market – By Device Type
6.1 Class I Devices
6.2 Class II Devices
6.3 Class III Devices
7. Global Medical Device Outsourcing market – By Application
7.1 Orthopaedics and Spine
7.2 Cardiovascular
7.3 Radiology
7.4 General Medical Devices
7.5 Others
8. Global Medical Device Outsourcing market – By Region
8.1 North America
8.1.1 US
8.1.2 Canada
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 UK
8.2.4 Rest of Europe
8.3 Asia-Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Rest of APAC
8.4 LAMEA
8.4.1 Latin America
8.4.2 Middle East
8.4.3 Africa
9. Competitive Landscape
10. Company Profiles
10.1 Celestica, Inc.
10.2 Creganna
10.3 Flextronics International Ltd.
10.4 Heraeus Holding
10.5 Integer Holdings Corporation
10.6 Nortech Systems, Inc.
10.7 Plexus Corp.
10.8 Sanmina Corporation
10.9 Tecomet, Inc.
10.10 West Pharmaceutical Services, Inc.Appendix
10.11 Other Players
List of Tables
Table 1 Global Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 Global Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 Global Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 Global Medical Device Outsourcing Market Revenue Analysis & Forecast, By Region, (US$ Mn AGR%, CAGR%), 2019-2029
Table 5 North America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 North America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 North America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 U.S. Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 U.S. Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 U.S. Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 11 Canada Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 Canada Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 Canada Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 15 Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 Germany Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 Germany Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 19 Germany Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 France Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 France Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 France Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 23 UK Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 24 UK Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 UK Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 Rest of Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 Rest of Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 28 Rest of Europe Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 29 Asia-Pacific Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 30 Asia-Pacific Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 31 Asia-Pacific Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 32 Japan Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 33 Japan Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 34 Japan Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 35 China Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 36 China Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 37 China Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 38 India Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 39 India Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 40 India Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 41 Rest of APAC Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 42 Rest of APAC Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 43 Rest of APAC Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 44 LAMEA Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 45 LAMEA Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 46 LAMEA Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 47 Latin America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 48 Latin America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 49 Latin America Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 50 Middle East Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 51 Middle East Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 52 Middle East Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
Table 53 Africa Medical Device Outsourcing Market Revenue Analysis & Forecast, By Product, (US$ Mn AGR%, CAGR %), 2019-2029
Table 54 Africa Medical Device Outsourcing Market Revenue Analysis & Forecast, By Device Type, (US$ Mn AGR%, CAGR %), 2019-2029
Table 55 Africa Medical Device Outsourcing Market Revenue Analysis & Forecast, By Application, (US$ Mn AGR%, CAGR %), 2019-2029
List of Figures
Figure 1 Global Medical Device Outsourcing Market Segmentation
Figure 2 Global Medical Device Outsourcing Market Research Design
Figure 3 Global Medical Device Outsourcing Market Figure 3 Drivers, Restraints, Opportunities, and Challenges
Figure 4 Global Medical Device Outsourcing Market by Product,
Figure 5 Global Medical Device Outsourcing Market by Device Type,
Figure 6 Global Medical Device Outsourcing Market by Application,
Figure 7 North America Medical Device Outsourcing Market by Region,
Figure 8 Europe Medical Device Outsourcing Market Snapshot
Figure 9 Asia-Pacific Medical Device Outsourcing Market Snapshot
Figure 10 LAMEA Medical Device Outsourcing Market Snapshot
Figure 11 Celestica, Inc.: Financial Snapshot
Figure 12 Creganna: Financial Snapshot
Figure 13 Flextronics International Ltd. : Financial Snapshot
Figure 14 Heraeus Holding: Financial Snapshot
Figure 15 Integer Holdings Corporation: Financial Snapshot
Figure 16 Nortech Systems, Inc. : Financial Snapshot
Figure 17 Plexus Corp. : Financial Snapshot
Figure 18 Sanmina Corporation: Financial Snapshot
Figure 19 Tecomet, Inc. : Financial Snapshot
Figure 20 West Pharmaceutical Services, Inc. Appendix: Financial Snapshot