The global medical device industry has experienced significant growth in the last few years and is expected that the growth will be continue with a CAGR of more than 6% during the forecasted period. The medical device industry is comprised of surgical, cardiovascular, home healthcare, general medical and other devices. This is one of the prime factors for the growth of Original Equipment market in Healthcare industries.
OEM or Original equipment Manufacturer is a company that makes a part or subsystem that is used in another company’s end product. For instance, if Acme Manufacturing Co. makes power cords that are used on IBM computers, Acme is the OEM. OEM can be an automotive company, healthcare, Software Company, cosmetics industry among others. When referring to auto parts, OEM refers to the manufacturer who manufacturer the automotive parts which are used to installed or assembled during the construction of a new vehicle. Microsoft is one of the examples of companies that issues OEM software for their windows operating systems.
OEM manufacturers help healthcare industries by providing them reliable, innovative and feature-rich medical devices such as membranes, filtration devices and separation systems.
Key Players of Healthcare OEM Manufacturers Market:
- GE Healthcare (U.K.)
- Siemens Healthcare GmbH (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Aramark (U.S.)
- Toshiba Medical Systems Corporation (Japan)
- Fujifilm Holdings Corporation (Japan)
- Hitachi Medical Systems America, Inc. (U.S.)
- Esaote SpA (Italy)
- Drägerwerk AG & Co. KGaA (Germany)
The major growth drivers of Global OEM manufacturer market includes rising need to cut healthcare costs, reduce estimated time to repair (ETTR) of equipment, innovations in IT to minimize maintenance costs, and growing need to collect equipment data and integrate healthcare systems and increasing availability of data and information. The growing technical advantages and growing GDP are also raising the growth of Healthcare OEM Manufacturer Market.
However, Obsolescence is one of the major restraints for the OEM manufacturing industry; it regularly affects auto parts production as with the change in technology the parts manufactured with existing technology finds less usage. High cost and lack of expertise and professionals is hindering the Global Healthcare OEM Manufacturing Market.
The Global Healthcare OEM Manufacturing Market can be segmented into therapeutic areas, material processing sectors, medical device market and applications.
Global Healthcare OEM Manufacturing Market by Therapeutic areas:
- General surgery
Global Healthcare OEM Manufacturing Market by Material Processing Sectors:
- Material Handling and Packaging Equipment
- Materials, Chemicals and Adhesives
- Metal Fabrication and Metal Injection Molding
- Plastic Extrusions & Moldings
- Flow Control and Fluid Transfer
- Fluid Power Components
- Sterilization Processes
Global Healthcare OEM Manufacturing Market by Medical Device Market:
Global Healthcare OEM Manufacturing Market by Applications:
- Stents and Catheters
- Syringes and hypodermic needles
- Blood transfusion and intravenous
- Siemens Healthiness – The new brand for Siemens’ healthcare business announced on 4th May 2016: The new brand underlines Siemens Healthcare’s pioneering spirit and its engineering expertise in the healthcare industry.
- Siemens presents new Dual Source computer tomography Soma tom Drive, announced on 3rd March 2016: this device will provide precise diagnostic in all areas of radiology.
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