Medical Device Outsourced Manufacturing Market is projected to reach US$ 60.2 Billion by 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
By Services Type
By Class of Device
By Process Evaluation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Medical Device Outsourced Manufacturing Market, By Device Type
7.1. Medical Device Outsourced Manufacturing Market, By Device Type, 2021-2027
7.1.1. IVD Devices
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Diagnostic Imaging Devices
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Cardiovascular Devices
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Drug Delivery Devices
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Orthopedic Devices
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Ophthalmology Devices
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Diabetes Care Devices
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Dental Devices
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Endoscopy Devices
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Respiratory Care Devices
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Surgical Devices
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Gynaecology/Urology Devices
7.1.12.1. Market Revenue and Forecast (2016-2027)
7.1.13. Personal Care
7.1.13.1. Market Revenue and Forecast (2016-2027)
7.1.14. Neurology Devices
7.1.14.1. Market Revenue and Forecast (2016-2027)
7.1.15. Other Devices
7.1.15.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Medical Device Outsourced Manufacturing Market, By Services Type
8.1. Medical Device Outsourced Manufacturing Market, By Services Type, 2021-2027
8.1.1. Device Development and Manufacturing Services
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Quality Management Services
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Packaging & Assembly By Type
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Other Services
8.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Medical Device Outsourced Manufacturing Market, By Class of Device
9.1. Medical Device Outsourced Manufacturing Market, By Class of Device, 2021-2027
9.1.1. Class II Medical Devices
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Class I Medical Devices
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Class III Medical Devices
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Medical Device Outsourced Manufacturing Market, By Process Evaluation
10.1. Medical Device Outsourced Manufacturing Market, By Process Evaluation, 2021-2027
10.1.1. Process Evaluation
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Design for Manufacturing
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Prototyping
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Validation
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Project Management
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Pilot Production
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Production
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Assembly
10.1.8.1. Market Revenue and Forecast (2016-2027)
10.1.9. Packaging
10.1.9.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Medical Device Outsourced Manufacturing Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.1.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.1.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.1.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.1.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.1.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.1.6.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.1.6.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.2.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.2.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.2.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.2.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.2.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, By Device Type(2016-2027)
11.2.6.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.2.6.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.2.7.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.2.7.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.2.8.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.2.8.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.3.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.3.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.3.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.3.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.3.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.3.6.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.3.6.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.3.7.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.3.7.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.3.8.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.3.8.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.4.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.4.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.4.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.4.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.4.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.4.6.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.4.6.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.4.7.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.4.7.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.4.8.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.4.8.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.5.5.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.5.5.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, By Device Type (2016-2027)
11.5.6.2. Market Revenue and Forecast, By Services Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, By Class of Device (2016-2027)
11.5.6.4. Market Revenue and Forecast, By Process Evaluation (2016-2027)
Chapter 12. Company Profiles
12.1. Flex, Ltd. (Singapore)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Jabil, Inc. (US)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. TE Connectivity, Ltd. (Switzerland)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. TE Connectivity, Ltd. (Switzerland)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Nipro Corporation (Japan)
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Celestica International (Canada)
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Plexus Corporation (US)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Benchmark Electronics, Inc. (US)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Integer Holdings Corporation (US)
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Gerresheimer Ag (Germany)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. West Pharmaceutical Services,Inc. (US)
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Nortech Systems, Inc. (US)
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Consort Medical PLC (UK)
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Kimball Electronics Inc. (US)
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Teleflex Incorporated (US)
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Nordson Corporation (US)
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
12.17. Tecomet, Inc. (US)
12.17.1. Company Overview
12.17.2. Product Offerings
12.17.3. Financial Performance
12.17.4. Recent Initiatives
12.18. SMC Ltd. (US)
12.18.1. Company Overview
12.18.2. Product Offerings
12.18.3. Financial Performance
12.18.4. Recent Initiatives
12.19. Nemera (France)
12.19.1. Company Overview
12.19.2. Product Offerings
12.19.3. Financial Performance
12.19.4. Recent Initiatives
12.20. Tessy Plastics Corporation (US)
12.20.1. Company Overview
12.20.2. Product Offerings
12.20.3. Financial Performance
12.20.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers