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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1073784

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1073784

Global Medical Device Outsourcing Market Size study, by Product, by Device Type, by Service, by Application and Regional Forecasts 2022-2028

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Global Medical Device Outsourcing Market is valued at approximately USD 107.92 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.1 % over the forecast period 2022-2028. Medical device outsourcing refers to a process in which a manufacturer creates medical devices or components of medical devices that are then Marketed by another company. To assure compliance and supply high-quality components alongside safe and effective completed medical devices, medical device makers are outsourcing quality management services to medical device consulting organizations. Changing regulatory guidelines, increase in demand for advanced products, increasing price competition and the need to cut costs, adoption of the International Standards by the contract manufacturers and key players adopting strategy of Acquisitions has driven the adoption of Medical Device Outsourcing Market across the projected period. For Instance: A Life science Company Labcorp (previously known as Covance), bought Toxikon Inc., a clinical research organization, in December 2021 to extend its testing services for medical devices, pharmaceuticals, and other industries. Also, rising difficulty with respect to product design and engineering and increased medical device manufacturing offshoring to emerging economies is most likely to boost the overall growth of the Medical Device Outsourcing Market. However, compliance issues while outsourcing and other regulatory and legal compliances can obstruct the Market's expansion over the projection period of 2022-2028.

The key regions considered for the Global Medical Device Outsourcing Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world. Presence of key players and competitive pricing is driving the Market growth in Asia Pacific. North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The Market is expected to grow during the projected period due to the establishment of advanced manufacturing hubs for medical devices.

Major Market players included in this report are:

Cardinal Health Inc.

Flex Ltd.

Heraeus Holding GmbH

Integer Holdings Corporation

Nortech Systems Incorporated

Onex Corporation

Plexus Corp.

Sanmina Corporation

TE Connectivity Ltd.

West Pharmaceutical Services Ltd.

The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro Markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:

By Product:

Raw Materials

Electronics

Finished Goods

By Device Type:

Class I Devices

Class II Devices

Class III Devices

By Service:

Prototype Development

Finished Device Manufacturing

Assembly and Packaging

Testing and Regulatory Support Services

By Application:

Orthopaedics and Spine

Cardiovascular

Radiology

General Medical Devices

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Medical Device Outsourcing Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
    • 1.2.1. Medical Device Outsourcing Market, by Region, 2020-2028 (USD Billion)
    • 1.2.2. Medical Device Outsourcing Market, by Product, 2020-2028 (USD Billion)
    • 1.2.3. Medical Device Outsourcing Market, by Device Type, 2020-2028 (USD Billion)
    • 1.2.4. Medical Device Outsourcing Market, by Service, 2020-2028 (USD Billion)
    • 1.2.5. Medical Device Outsourcing Market, by Application, 2020-2028 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Medical Device Outsourcing Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Medical Device Outsourcing Market Dynamics

  • 3.1. Medical Device Outsourcing Market Impact Analysis (2020-2028)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Changing Regulatory Guidelines
      • 3.1.1.2. Increase in demand for Advanced Products
      • 3.1.1.3. Increasing Price Competition and the Need to Cut Costs
      • 3.1.1.4. Adoption of the International Standards by the Contract Manufacturers
      • 3.1.1.5. Key Players adopting strategy of Acquisitions
    • 3.1.2. Market Challenges
      • 3.1.2.1. Compliance Issues While Outsourcing
      • 3.1.2.2. Regulatory and Legal Compliances
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Rising difficulty with Respect to Product Design and Engineering
      • 3.1.3.2. Increased Medical Device Manufacturing Offshoring to Emerging Economies

Chapter 4. Global Medical Device Outsourcing Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Medical Device Outsourcing Market, by Product

  • 6.1. Market Snapshot
  • 6.2. Global Medical Device Outsourcing Market by Product, Performance - Potential Analysis
  • 6.3. Global Medical Device Outsourcing Market Estimates & Forecasts by Product, 2019-2028 (USD Billion)
  • 6.4. Medical Device Outsourcing Market, Sub Segment Analysis
    • 6.4.1. Raw Materials
    • 6.4.2. Electronics
    • 6.4.3. Finished Goods

Chapter 7. Global Medical Device Outsourcing Market, by Device Type

  • 7.1. Market Snapshot
  • 7.2. Global Medical Device Outsourcing Market by Device Type, Performance - Potential Analysis
  • 7.3. Global Medical Device Outsourcing Market Estimates & Forecasts by Device Type, 2019-2028 (USD Billion)
  • 7.4. Medical Device Outsourcing Market, Sub Segment Analysis
    • 7.4.1. Class I Devices
    • 7.4.2. Class II Devices
    • 7.4.3. Class III Devices

Chapter 8. Global Medical Device Outsourcing Market, by Service

  • 8.1. Market Snapshot
  • 8.2. Global Medical Device Outsourcing Market by Service, Performance - Potential Analysis
  • 8.3. Global Medical Device Outsourcing Market Estimates & Forecasts by Service, 2019-2028 (USD Billion)
  • 8.4. Medical Device Outsourcing Market, Sub Segment Analysis
    • 8.4.1. Prototype Development
    • 8.4.2. Finished Device Manufacturing
    • 8.4.3. Assembly and Packaging
    • 8.4.4. Testing and Regulatory Support Services

Chapter 9. Global Medical Device Outsourcing Market, by Application

  • 9.1. Market Snapshot
  • 9.2. Global Medical Device Outsourcing Market by Application, Performance - Potential Analysis
  • 9.3. Global Medical Device Outsourcing Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
  • 9.4. Medical Device Outsourcing Market, Sub Segment Analysis
    • 9.4.1. Orthopaedics and Spine
    • 9.4.2. Cardiovascular
    • 9.4.3. Radiology
    • 9.4.4. General Medical Devices
    • 9.4.5. Others

Chapter 10. Global Medical Device Outsourcing Market, Regional Analysis

  • 10.1. Medical Device Outsourcing Market, Regional Market Snapshot
  • 10.2. North America Medical Device Outsourcing Market
    • 10.2.1. U.S. Medical Device Outsourcing Market
      • 10.2.1.1. Product breakdown estimates & forecasts, 2019-2028
      • 10.2.1.2. Device Type breakdown estimates & forecasts, 2019-2028
      • 10.2.1.3. Service breakdown estimates & forecasts, 2019-2028
      • 10.2.1.4. Application breakdown estimates & forecasts, 2019-2028
    • 10.2.2. Canada Medical Device Outsourcing Market
  • 10.3. Europe Medical Device Outsourcing Market Snapshot
    • 10.3.1. U.K. Medical Device Outsourcing Market
    • 10.3.2. Germany Medical Device Outsourcing Market
    • 10.3.3. France Medical Device Outsourcing Market
    • 10.3.4. Spain Medical Device Outsourcing Market
    • 10.3.5. Italy Medical Device Outsourcing Market
    • 10.3.6. Rest of Europe Medical Device Outsourcing Market
  • 10.4. Asia-Pacific Medical Device Outsourcing Market Snapshot
    • 10.4.1. China Medical Device Outsourcing Market
    • 10.4.2. India Medical Device Outsourcing Market
    • 10.4.3. Japan Medical Device Outsourcing Market
    • 10.4.4. Australia Medical Device Outsourcing Market
    • 10.4.5. South Korea Medical Device Outsourcing Market
    • 10.4.6. Rest of Asia Pacific Medical Device Outsourcing Market
  • 10.5. Latin America Medical Device Outsourcing Market Snapshot
    • 10.5.1. Brazil Medical Device Outsourcing Market
    • 10.5.2. Mexico Medical Device Outsourcing Market
  • 10.6. Rest of The World Medical Device Outsourcing Market

Chapter 11. Competitive Intelligence

  • 11.1. Top Market Strategies
  • 11.2. Company Profiles
  • 11.2.1 Cardinal Health Inc.
    • 11.2.1.1 Key Information
    • 11.2.1.2 Overview
    • 11.2.1.3 Financial (Subject to Data Availability)
    • 11.2.1.4 Service Summary
    • 11.2.1.5 Recent Developments
  • 11.2.2 Flex Ltd.
  • 11.2.3 Heraeus Holding GmbH
  • 11.2.4 Integer Holdings Corporation
  • 11.2.5 Nortech Systems Incorporated
  • 11.2.6 Onex Corporation
  • 11.2.7 Plexus Corp.
  • 11.2.8 Sanmina Corporation
  • 11.2.9 TE Connectivity Ltd.
  • 11.2.10 West Pharmaceutical Services Ltd.

Chapter 12. Research Process

12.1 Research Process

  • 12.1.1 Data Mining
  • 12.1.2 Analysis
  • 12.1.3 Market Estimation
  • 12.1.4 Validation
  • 12.1.5 Publishing

12.2 Research Attributes

12.3 Research Assumption

LIST OF TABLES

  • TABLE 1. Global Medical Device Outsourcing Market, report scope
  • TABLE 2. Global Medical Device Outsourcing Market estimates & forecasts by Region 2019-2028 (USD Billion)
  • TABLE 3. Global Medical Device Outsourcing Market estimates & forecasts by Product 2019-2028 (USD Billion)
  • TABLE 4. Global Medical Device Outsourcing Market estimates & forecasts by Device Type 2019-2028 (USD Billion)
  • TABLE 5. Global Medical Device Outsourcing Market estimates & forecasts by Service 2019-2028 (USD Billion)
  • TABLE 6. Global Medical Device Outsourcing Market estimates & forecasts by Application 2019-2028 (USD Billion)
  • TABLE 7. Global Medical Device Outsourcing Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 8. Global Medical Device Outsourcing Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 9. Global Medical Device Outsourcing Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 10. Global Medical Device Outsourcing Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 11. Global Medical Device Outsourcing Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 12. Global Medical Device Outsourcing Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 13. Global Medical Device Outsourcing Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 14. Global Medical Device Outsourcing Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 15. Global Medical Device Outsourcing Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 16. Global Medical Device Outsourcing Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 17. U.S. Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 18. U.S. Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 19. U.S. Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 20. Canada Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 21. Canada Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 22. Canada Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 23. UK Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 24. UK Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 25. UK Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 26. Germany Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 27. Germany Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 28. Germany Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 29. RoE Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 30. RoE Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 31. RoE Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 32. China Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 33. China Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 34. China Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 35. India Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 36. India Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 37. India Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 38. Japan Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 39. Japan Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 40. Japan Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 41. RoAPAC Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 42. RoAPAC Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 43. RoAPAC Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 44. Brazil Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 45. Brazil Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 46. Brazil Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 47. Mexico Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 48. Mexico Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 49. Mexico Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 50. RoLA Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 51. RoLA Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 52. RoLA Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 53. Row Medical Device Outsourcing Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 54. Row Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 55. Row Medical Device Outsourcing Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 56. List of secondary sources, used in the study of Global Medical Device Outsourcing Market
  • TABLE 57. List of primary sources, used in the study of Global Medical Device Outsourcing Market
  • TABLE 58. Years considered for the study
  • TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Medical Device Outsourcing Market, research methodology
  • FIG 2. Global Medical Device Outsourcing Market, Market estimation techniques
  • FIG 3. Global Market size estimates & forecast methods
  • FIG 4. Global Medical Device Outsourcing Market, key trends 2021
  • FIG 5. Global Medical Device Outsourcing Market, growth prospects 2022-2028
  • FIG 6. Global Medical Device Outsourcing Market, porters 5 force model
  • FIG 7. Global Medical Device Outsourcing Market, pest analysis
  • FIG 8. Global Medical Device Outsourcing Market, value chain analysis
  • FIG 9. Global Medical Device Outsourcing Market by segment, 2019 & 2028 (USD Billion)
  • FIG 10. Global Medical Device Outsourcing Market by segment, 2019 & 2028 (USD Billion)
  • FIG 11. Global Medical Device Outsourcing Market by segment, 2019 & 2028 (USD Billion)
  • FIG 12. Global Medical Device Outsourcing Market by segment, 2019 & 2028 (USD Billion)
  • FIG 13. Global Medical Device Outsourcing Market by segment, 2019 & 2028 (USD Billion)
  • FIG 14. Global Medical Device Outsourcing Market, regional snapshot 2019 & 2028
  • FIG 15. North America Medical Device Outsourcing Market 2019 & 2028 (USD Billion)
  • FIG 16. Europe Medical Device Outsourcing Market 2019 & 2028 (USD Billion)
  • FIG 17. Asia pacific Medical Device Outsourcing Market 2019 & 2028 (USD Billion)
  • FIG 18. Latin America Medical Device Outsourcing Market 2019 & 2028 (USD Billion)
  • FIG 19. Global Medical Device Outsourcing Market, company Market share analysis (2021)
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