Global Medical Device Outsourcing Strategic Business Report 2023: Expanding Role of Outsourcing Partners and Rising Demand for Full-Service Providers
07 Jun 2023
DUBLIN, June 7, 2023 /PRNewswire/ -- The "Medical Device Outsourcing: Global Strategic Business Report" report has been added to
ResearchAndMarkets.com's offering.
Global Medical Device Outsourcing Market to Reach $212.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Medical Device Outsourcing estimated at US$105.2 Billion in the year 2022, is projected to reach a revised size of US$212.1 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2022-2030.
Contract Manufacturing, one of the segments analyzed in the report, is projected to record a 9.9% CAGR and reach US$109.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Quality Assurance segment is readjusted to a revised 10.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $46.4 Billion, While China is Forecast to Grow at 10.4% CAGR
The Medical Device Outsourcing market in the U.S. is estimated at US$46.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 8.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.
Looking Ahead to 2023
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What's New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
Exposure of Leading Medical Device Companies to COVID-19 Pandemic
Providers of Critical Medical Supplies Gain Traction
Medical Device Outsourcing - Global Key Competitors Percentage Market Share in 2022 (E)
Medical Device Outsourcing: An Introduction
Quality Remains Guiding Factor
Medical Device Outsourcing Services
Classification of Medical Devices
Medical Device Outsourcing Market by Device Category: 2020E
Market Outlook
Asia-Pacific Emerges as a Preferred Outsourcing Destination
Class II Devices: Important Device Category
Improving Healthcare Expenditure to Bode Well for Market Growth
Competitive Landscape
Market Share of Major Players in the Global Medical Contract Manufacturing Market for Finished Goods
Consolidation Continues to Mark the Industry
World Brands
Recent Market Activity
MARKET TRENDS & DRIVERS
Focus on Core Competencies: A Major Objective of Contract Manufacturing
An Effective Strategy for Small & Mid-Size Companies
Offshoring Model Paves Way for Medical Device Market Growth in Emerging Nations
Contract Manufacturing Gains Importance as a Brand Promotion Channel
Onshoring Trend Gains Ground
Rise in Disease Incidences and Access to Modern Therapeutics Foster Growth
Expanding Role of Outsourcing Partners and Rising Demand for Full-Service Providers
Contract Manufacturers Look to Innovations in Medical Devices
Design Engineering to Make Gains
Product Design & Development Services: High in Demand
Myriad Benefits Offered Drive Demand for Product Design & Development Services
R&D and After-Market Engineering Support Services for Medical Devices on the Rise
CRO Outsourcing Picks Up Momentum
Product Testing & Certification Services Gain Traction
OEMs Queue Up for Product Implementation and Supply Chain Services
Outsourced Regulatory Consulting Services Emerge as New Driving Force
Outsourcing of IVD Device Manufacturing Gains Momentum
Orthopedic Contract Manufacturing Market: Favorable Growth Potential
Medical Electronic Manufacturing Services Providers See Increased Opportunities
Top 10 Selection Criteria for EMS Partner Ranked by Order of Importance
Medical Device Miniaturization Drives Demand for Outsourcing Services
Shortening of Product Lifecycles, Speed to Market to Drive Outsourcing Trend
A Brief Overview of Major Challenges
FOCUS ON SELECT PLAYERS
(Total 74 Featured)
Benchmark Electronics, Inc.
Celestica, Inc.
HCL Technologies Limited
Intertech Engineering Associates, Inc.
Phillips-Medisize Corporation
Providien, LLC
Sparton Corporation
For more information about this report visit https://www.researchandmarkets.com/r/9sdvyh
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