Dublin, June 07, 2023 (GLOBE NEWSWIRE) -- The "Global Medical Device Outsourcing Market Size, Share, Growth Analysis, By Application, By Service, By Class, By Product, By End User - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
Global Medical Device Outsourcing Market size was valued at USD 125 billion in 2021 and is poised to grow from USD 127.4 billion in 2022 to 270.3 billion by 2030, growing at a CAGR of 12.1% in the forecast period (2023-2030).
The global medical device outsourcing market refers to the practice of hiring external companies to perform certain aspects of the medical device manufacturing process. This includes activities such as design and engineering, prototyping, testing and validation, regulatory compliance, and supply chain management.
Outsourcing can help medical device companies reduce costs, accelerate time-to-market, and access specialized expertise. The market is driven by factors such as increasing demand for advanced medical devices, growing regulatory pressure, and the need for operational efficiency.
Segments covered in this report
Global medical device outsourcing market is segmented on the basis of application, product, class, product, end user, and region. By application, the market is sub-segmented into cardiology, diagnosis imaging, orthopedic, ophthalmic, and others.
By service, the market is categorized into contract manufacturing, quality assurance, product maintenance services, and others.
By product, the market is segmented into finished goods, electronics, and raw materials.
By end user, the market is segmented into small medical device company, medium medical device company, large medical device company and others. By class, the market is classified into class I, class II, and class III. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Drivers
The global medical device outsourcing market is projected to experience significant growth over the forecast period, primarily driven by the increasing incidence of diverse cardiovascular ailments, including bradycardia.
This is exemplified by the National Centre for Biotechnology Information's findings, which indicate that worldwide, over one million pacemakers are implanted annually, with the United States alone accounting for 200,000 of these procedures.
Restraints
The global medical device outsourcing market is expected to experience limitations in its growth during the projected timeframe, primarily due to strict governmental regulations surrounding the certification and approval of medical devices.
Trends
The increasing adoption of advanced robotics by medical device and technology manufacturers worldwide has opened up new profitable prospects for the outsourcing market of medical devices. The market is experiencing substantial growth, primarily driven by the rising demand for specialized robotics systems in various medical device manufacturing applications.
Key Topics Covered:
- Executive Summary
- Market Overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Medical Device Outsourcing Market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
- Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Exhibit: Impact Analysis of Droc, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
- Key Market Insights
- Technology Analysis
- (Exhibit: Data Table: Name of Technology and Details)
- Pricing Analysis
- (Exhibit: Data Table: Name of Technology and Pricing Details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of Product/Technology, Patents Filed, Inventor/Company Name, Acquiring Firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export Data Details)
- Startup Analysis
- (Exhibit: Data Table: Emerging Startups Details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of Key Raw Materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of New and Existing Technologies)
- Pipeline Product Analysis
- (Exhibit: Data Table: Name of Companies and Pipeline Products, Regional Mapping)
- Macroeconomic Indicators
- COVID Impact
- Introduction
- Impact on Economy-Scenario Assessment
- Exhibit: Data on GDP - Year-Over-Year Growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Medical Device Outsourcing Market Size and Forecast 2021-2027 ($ Million)
- Impact of COVID on Key Segments
- Exhibit: Data Table on Segment Market Size and Forecast 2021-2027 ($ Million)
- COVID Strategies by Company
- Exhibit: Analysis on Key Strategies Adopted by Companies
- Market Dynamics & Outlook
- Market Dynamics
- Exhibit: Impact Analysis of Droc, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on Regulation from Different Region
- SWOT Analysis
- Porters Analysis
- Competitive Rivalry
- Exhibit: Competitive Rivalry Impact of Key Factors, 2021
- Threat of Substitute Products
- Exhibit: Threat of Substitute Products Impact of Key Factors, 2021
- Bargaining Power of Buyers
- Exhibit: Buyers Bargaining Power Impact of Key Factors, 2021
- Threat of New Entrants
- Exhibit: Threat of New Entrants Impact of Key Factors, 2021
- Bargaining Power of Suppliers
- Exhibit: Threat of Suppliers Bargaining Power Impact of Key Factors, 2021
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Market Size by Region
- Chart on Market Share by Geography 2021-2027 (%)
- Data Table on Market Share by Geography 2021-2027(%)
- North America
- Chart on Market Share by Country 2021-2027 (%)
- Data Table on Market Share by Country 2021-2027(%)
- Usa
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Canada
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Europe
- Chart on Market Share by Country 2021-2027 (%)
- Data Table on Market Share by Country 2021-2027(%)
- Germany
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Spain
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- France
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- UK
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Rest of Europe
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Asia-Pacific
- Chart on Market Share by Country 2021-2027 (%)
- Data Table on Market Share by Country 2021-2027(%)
- China
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- India
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Japan
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- South Korea
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Rest of Asia-Pacific
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Latin America
- Chart on Market Share by Country 2021-2027 (%)
- Data Table on Market Share by Country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Rest of South America
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Middle East & Africa (Mea)
- Chart on Market Share by Country 2021-2027 (%)
- Data Table on Market Share by Country 2021-2027(%)
- Gcc Countries
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- South Africa
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Rest of Mea
- Exhibit: Chart on Market Share 2021-2027 (%)
- Exhibit: Market Size and Forecast 2021-2027 ($ Million)
- Key Company Profiles
- Competitive Landscape
- Total Number of Companies Covered
- Exhibit: Companies Covered in the Report, 2021
- Top Companies Market Positioning
- Exhibit: Company Positioning Matrix, 2021
- Top Companies Market Share
- Exhibit: Pie Chart Analysis on Company Market Share, 2021(%)
A selection of companies mentioned in this report includes
- Eurofins Scientific
- Labcorp
- Intertek Group Plc
- American Preclinical Services
- Mandala International
- Iqvia Holdings Inc.
- Plexus Corporation
- Medpace Holdings Inc.
- Genpact Ltd.
- Icon PLC.
- Sterigenics International LLC
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