Medical Device Outsourced Manufacturing Market by Device Type (IVD (Equipment, Consumable), Diabetes, Respiratory, Cardiovascular, Personal Care, Endoscopy, Dental, Ophthalmology, Devices) Class of Device, Services, Procedure- Global Industry Analysis, Share ,Growth ,Regional Outlook And Forecasts, 2021-2027

The global Medical Device Outsourced Manufacturing market gathered revenue around USD 30.4 Billion in 2020 and market is set to grow USD 60.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 14.7% during the prediction period 2021 to 2027. The Asia Pacific medical device outsourced manufacturing market is mainly driven by the overall growth of the medical devices market, mainly due to the rising disease prevalence, life expectancy, and geriatric population. Technological advancements have prompted end users to overhaul or update their manufacturing systems. As this is a costly process, they look to outsource contract manufacturing.

However, market growth is impeded by the growing consolidation in the medical devices market. To develop their own manufacturing capabilities and save costs, Larger players are focusing on acquiring smaller players and CMOs themselves. This may affect the overall market growth to a certain extent.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Medical Device Outsourced Manufacturing market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Medical Device Outsourced Manufacturing market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Medical Device Outsourced Manufacturing market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Challenge: Balancing technological capabilities against costs

Constant innovation in the medical device industry is crucial to compete in an increasingly complex market. For CMOs offering services to companies, innovation in the industry requires that CMOs also update and improve their capabilities. As a result, CMOs have become more flexible, active, and focused on meeting customer needs. Some of the major capabilities adopted by CMOs in the last few years include process automation, lab automation, robotics, and automated manufacturing. These capabilities help CMOs speed up manufacturing, lower the margin of errors, and attract more customers.

These improvements in CMO capabilities can also be expected to attract clients from both the key/established player base as well as emerging companies looking for real-time and low-cost services. Some of the key players providing automation services in the medical device outsourced manufacturing market are Sanmina Corporation (US), Celestica Inc. (US), Plexus Corp. (US), Flex Ltd. (Singapore), and Benchmark Electronics (US).

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Significant Market Participants Operational in the Medical Device Outsourced Manufacturing Market are:

The APAC medical device outsourced manufacturing market include Flex, Ltd. (Singapore), Jabil, Inc. (US), TE Connectivity, Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica International (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), West Pharmaceutical Services, Inc. (US), Nortech Systems, Inc. (US), Consort Medical PLC (UK), Kimball Electronics Inc. (US), and Teleflex Incorporated (US). Other players operating in the market include Nordson Corporation (US), Tecomet, Inc. (US), SMC Ltd. (US), Nemera (France), and Tessy Plastics Corporation (US), among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

By Device Type

  • IVD Devices
    • IVD Consumables
    • IVD Equipment
  • Diagnostic Imaging Devices
  • Cardiovascular Devices
  • Drug Delivery Devices
    • Infusion Sets and Administration Sets
    • Syringes
    • Inhalers
    • Autoinjectors & Pen Injectors
  • Orthopedic Devices
  • Ophthalmology Devices
  • Diabetes Care Devices
  • Dental Devices
  • Endoscopy Devices
  • Respiratory Care Devices
  • Surgical Devices
  • Gynaecology/Urology Devices
  • Personal Care
  • Neurology Devices
  • Other Devices

By Services Type

  • Device Development and Manufacturing Services
    • Device Engineering Services
    • Process Development Services
    • Device Manufacturing Services
      • LSR Molding
      • Thermoplastic Injection Molding
      • Extrusion Tubes
      • CNC Machining and Laser Cutting & 3D printing
      • Cleaning and Finishing
      • Electronic Manufacturing Services
      • Others
  • Quality Management Services
    • Packaging Validation Services
    • Inspection and Testing Services
    • Sterilization Services
  • Packaging & Assembly By Type
    • Primary & Secondary Packing
    • Labelling
    • Others
  • Other Services

By Class of Device

  • Class II Medical Devices
  • Class I Medical Devices
  • Class III Medical Devices

By Process Evaluation

  • Process Evaluation
  • Design for Manufacturing
  • Prototyping
  • Validation
  • Project Management
  • Pilot Production
  • Production
  • Assembly
  • Packaging

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa