Medical device contract manufacturing market is estimated to be over US$ 48 Bn in 2017. It is anticipated to grow at a CAGR of 8.5% from 2019 to 2030.
The global medical device contract manufacturing market is driven by focus of market players in introducing new and innovative products, rising geriatric population, need for cost effective products, rising cost for hospitals and increasing demand for medical devices are some of the major factors driving the market. Moreover, Polymer Science and Engineering Department of the University Of Massachusetts (UMASS) are offering several programs to enhance medical device industry and help to generate skilled workers. However, high cost of medical devices and stringent government policy related to medical device manufacturing is likely to restrain the market to certain extent.
Major Key Players of the Medical Device Contract Manufacturing Market are:
Flextronics International, Benchmark Electronics, Jabil Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, Nordson Corporation and other prominent players.
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The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global medical device contract manufacturing market in the coming times. Since, growing age brings about several ailments associated with arthritis and joints replacement.
The Medical Device Contract Manufacturing Market is segmented on the basis of product type, Applications, Technology, and region
Major Types of Medical Device Contract Manufacturing Market covered are:
- In-vitro Diagnostic Medical Devices
- Diagnostic Imaging & Medical Equipment
- Drug Delivery Devices
- Patient Monitoring Devices
- Minimally Access Surgical Instruments
- Therapeutic Patient Assistive Devices
Major Applications of Medical Device Contract Manufacturing Market covered are:
- Cardiovascular
- Orthopedic
- Neurovascular
- Pulmonary
- Oncology
- Laparoscopy
- Urology and Gynecology
High costs associated with medical device and instruments are one of the major factors affecting the growth of the medical device contract manufacturing market. Unavailability of alternate affordable and cheaper raw materials for manufacturing of medical devices is anticipated to be one of the major hindrances in the growth of the global medical device contract manufacturing market. Insufficient penetration of latest technologies, limited awareness in underprivileged regions and population with low income groups face consequential outcome in affording such devices.
Research objectives:-
- To study and analyze the global Medical Device Contract Manufacturing consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Medical Device Contract Manufacturing Market by identifying its various sub-segments.
- Focuses on the key global Medical Device Contract Manufacturing manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Medical Device Contract Manufacturing with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Content
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used for the Study
- Report Beneficiary List
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Type of Manufacturing
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Regulatory Landscape Assessment
- Manufacturing Capabilities Assessment
- Supply Chain Assessment
- GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY DEVICE TYPE
- In-vitro Diagnostic Medical Devices
- Diagnostic Imaging & Medical Equipment
- Drug Delivery Devices
- Patient Monitoring Devices
- Minimally Access Surgical Instruments
- Therapeutic Patient Assistive Devices
- Others
- GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Cardiovascular
- Orthopedic
- Oncology
- Neurovascular
- Pulmonary
- Urology & Gynecology
- Laparoscopy
- Others
- GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY TYPE OF MANUFACTURING
- Raw Materials
- Electronics
- Finished Goods
- GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY SERVICE
- Prototype Development
- Finished Device Manufacturing
- Assembly & Packaging
- Testing & Regulatory Support Services
- Molding & Casting
- Other Service
- GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY REGION
- North America Medical Device Contract Manufacturing Market
- Europe Medical Device Contract Manufacturing Market
- Asia Pacific Medical Device Contract Manufacturing Market
- Rest of the World (ROW) Medical Device Contract Manufacturing Market
- COMPETETIVE LANDSCAPE
- Market Share Analysis (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Expansions
- Agreements, Collaborations, & Partnerships
- Other Strategies
- COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
- Flextronics International, LTD
- Benchmark Electronics, Inc.
- Jabil Inc.
- Integer Holdings Corporation (Greatbatch)
- West Pharmaceutical Services, Inc.
- Tecomet, Inc.
- Nortech Systems
- TE Connectivity (Creganna Medical)
- Forefront Medical Technologies
- Nordson Corporation (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
- APPENDIX
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