Medical Device Outsourced Manufacturing Market
PUBLISHED: 2021 ID: SMRC20384
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Medical Device Outsourced Manufacturing Market

Medical Device Outsourced Manufacturing - Global Market Outlook (2020-2028)

4.6 (99 reviews)
4.6 (99 reviews)
Published: 2021 ID: SMRC20384

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Medical Device Outsourced Manufacturing Market is accounted for $24.72 billion in 2020 and is expected to reach $80.51 billion by 2028 growing at a CAGR of 15.9% during the forecast period. An increasing prevalence of chronic disorders and growing demand for the technological adoption in the medical devices sector are the factors driving the market growth. However, the threat of leakage of confidential information is the factor hampering the growth of the market.

A Medical outsourced manufacturing is a type of contract manufacturing in which a company produces medical products or a single part a whole product.

Based on the device type, the in vitro diagnostic device (IVD) segment is going to have lucrative growth during the forecast period due to the increasing volume of IVD tests performed globally and technological advancements in instruments with high-throughput capabilities. By geography, Asia Pacific is going to have high growth during the forecast period due to the rising disease prevalence, life expectancy, and geriatric population. 

Some of the key players profiled in the Medical Device Outsourced Manufacturing Market include Benchmark Electronics, Inc , Celestica International Inc, Consort Medical PLC, Flex, Ltd, Gerresheimer AG, Integer Holdings Corporation, Jabil, Inc, Kimball Electronics Inc, Nipro Corporation, Nortech Systems, Inc, Plexus Corporation, Sanmina Corporation, TE Connectivity, Teleflex Incorporated, and West Pharmaceutical Services, Inc .
  
Device Types Covered:
• Cardiovascular Devices
• Diagnostic Imaging Devices
• Drug Delivery Devices
• Diabetes Care Devices 
• Dental Devices 
• Endoscopy Devices 
• Gynaecology/Urology Devices 
• In Vitro Diagnostic Device (IVD) 
• Neurology Devices 
• Ophthalmology Devices 
• Orthopedic Devices 
• Personal Care 
• Respiratory Care Devices 
• Surgical Devices   

Service Types Covered:
• Device Development and Manufacturing Services
• Packaging & Assembly By Type
• Quality Management Services     

Class of Devices Covered:
• Class I Medical Devices 
• Class II Medical Devices 
• Class III Medical Devices     

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

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface   
   
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Emerging Markets     
 3.7 Impact of Covid-19     
       
4 Porters Five Force Analysis    
  
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Medical Device Outsourced Manufacturing Market, By Device Type      
 5.1 Introduction     
 5.2 Cardiovascular Devices     
 5.3 Diagnostic Imaging Devices     
 5.4 Drug Delivery Devices     
  5.4.1 Autoinjectors & Pen Injectors    
  5.4.2 Infusion Sets and Administration Sets    
  5.4.3 Inhalers    
  5.4.4 Syringes    
 5.5 Diabetes Care Devices     
 5.6 Dental Devices     
 5.7 Endoscopy Devices     
 5.8 Gynaecology/Urology Devices     
 5.9 In Vitro Diagnostic Device (IVD)     
  5.9.1 In Vitro Diagnostic Device (IVD) Consumables    
  5.9.2 In Vitro Diagnostic Device (IVD) Equipment    
 5.10 Neurology Devices     
 5.11 Ophthalmology Devices     
 5.12 Orthopedic Devices     
 5.13 Personal Care     
 5.14 Respiratory Care Devices     
 5.15 Surgical Devices     
        
6 Global Medical Device Outsourced Manufacturing Market, By Service Type      
 6.1 Introduction     
 6.2 Device Development and Manufacturing Services     
  6.2.1 Cleaning and Finishing    
  6.2.2 Computer Numerical Control (CNC) Machining and Laser Cutting & 3D printing    
  6.2.3 Device Engineering Services    
  6.2.4 Device Manufacturing Services    
  6.2.5 Electronic Manufacturing Services    
  6.2.6 Extrusion Tubes    
  6.2.7 Liquid Silicone Rubber (LSR) Molding    
  6.2.8 Process Development Services    
  6.2.9 Thermoplastic Injection Molding    
 6.3 Packaging & Assembly By Type     
  6.3.1 Labelling    
  6.3.2 Primary & Secondary Packing    
 6.4 Quality Management Services     
  6.4.1 Inspection and Testing Services    
  6.4.2 Packaging Validation Services    
  6.4.3 Sterilization Services    
       
7 Global Medical Device Outsourced Manufacturing Market, By Class of Device      
 7.1 Introduction     
 7.2 Class I Medical Devices     
 7.3 Class II Medical Devices     
 7.4 Class III Medical Devices     
       
8 Global Medical Device Outsourced Manufacturing Market, By Process Evaluation      
 8.1 Introduction     
 8.2 Assembly     
 8.3 Design for Manufacturing     
 8.4 Packaging     
 8.5 Pilot Production     
 8.6 Process Evaluation     
 8.7 Production     
 8.8 Project Management     
 8.9 Prototyping     
 8.10 Validation     
       
9 Global Medical Device Outsourced Manufacturing Market, By Geography      
 9.1 Introduction      
 9.2 North America     
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America    
 9.6 Middle East & Africa     
  9.6.1 Saudi Arabia    
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa    
  19.6.5 Rest of Middle East & Africa    
       
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 10.2 Acquisitions & Mergers     
 10.3 New Product Launch     
 10.4 Expansions     
 10.5 Other Key Strategies     
       
11 Company Profiling      
 11.1 Benchmark Electronics, Inc     
 11.2 Celestica International Inc     
 11.3 Consort Medical PLC     
 11.4 Flex, Ltd     
 11.5 Gerresheimer AG     
 11.6 Integer Holdings Corporation     
 11.7 Jabil, Inc     
 11.8 Kimball Electronics Inc     
 11.9 Nipro Corporation     
 11.10 Nortech Systems, Inc     
 11.11 Plexus Corporation     
 11.12 Sanmina Corporation     
 11.13 TE Connectivity     
 11.14 Teleflex Incorporated     
 11.15 West Pharmaceutical Services, Inc     


List of Tables       
1 Global Medical Device Outsourced Manufacturing Market Outlook, By Region (2019-2028) (US $MN)       
2 Global Medical Device Outsourced Manufacturing Market Outlook, By Device Type (2019-2028) (US $MN)       
3 Global Medical Device Outsourced Manufacturing Market Outlook, By Cardiovascular Devices (2019-2028) (US $MN)       
4 Global Medical Device Outsourced Manufacturing Market Outlook, By Diagnostic Imaging Devices (2019-2028) (US $MN)       
5 Global Medical Device Outsourced Manufacturing Market Outlook, By Drug Delivery Devices (2019-2028) (US $MN)       
6 Global Medical Device Outsourced Manufacturing Market Outlook, By Autoinjectors & Pen Injectors (2019-2028) (US $MN)       
7 Global Medical Device Outsourced Manufacturing Market Outlook, By Infusion Sets and Administration Sets (2019-2028) (US $MN)       
8 Global Medical Device Outsourced Manufacturing Market Outlook, By Inhalers (2019-2028) (US $MN)       
9 Global Medical Device Outsourced Manufacturing Market Outlook, By Syringes (2019-2028) (US $MN)       
10 Global Medical Device Outsourced Manufacturing Market Outlook, By Diabetes Care Devices (2019-2028) (US $MN)       
11 Global Medical Device Outsourced Manufacturing Market Outlook, By Dental Devices (2019-2028) (US $MN)       
12 Global Medical Device Outsourced Manufacturing Market Outlook, By Endoscopy Devices (2019-2028) (US $MN)       
13 Global Medical Device Outsourced Manufacturing Market Outlook, By Gynaecology/Urology Devices (2019-2028) (US $MN)       
14 Global Medical Device Outsourced Manufacturing Market Outlook, By In Vitro Diagnostic Device (IVD) (2019-2028) (US $MN)       
15 Global Medical Device Outsourced Manufacturing Market Outlook, By In Vitro Diagnostic Device (IVD) Consumables (2019-2028) (US $MN)       
16 Global Medical Device Outsourced Manufacturing Market Outlook, By In Vitro Diagnostic Device (IVD) Equipment (2019-2028) (US $MN)       
17 Global Medical Device Outsourced Manufacturing Market Outlook, By Neurology Devices (2019-2028) (US $MN)       
18 Global Medical Device Outsourced Manufacturing Market Outlook, By Ophthalmology Devices (2019-2028) (US $MN)       
19 Global Medical Device Outsourced Manufacturing Market Outlook, By Orthopedic Devices (2019-2028) (US $MN)       
20 Global Medical Device Outsourced Manufacturing Market Outlook, By Personal Care (2019-2028) (US $MN)       
21 Global Medical Device Outsourced Manufacturing Market Outlook, By Respiratory Care Devices (2019-2028) (US $MN)       
22 Global Medical Device Outsourced Manufacturing Market Outlook, By Surgical Devices (2019-2028) (US $MN)       
23 Global Medical Device Outsourced Manufacturing Market Outlook, By Service Type (2019-2028) (US $MN)       
24 Global Medical Device Outsourced Manufacturing Market Outlook, By Device Development and Manufacturing Services (2019-2028) (US $MN)       
25 Global Medical Device Outsourced Manufacturing Market Outlook, By Cleaning and Finishing (2019-2028) (US $MN)       
26 Global Medical Device Outsourced Manufacturing Market Outlook, By Computer Numerical Control (CNC) Machining and Laser Cutting & 3D printing (2019-2028) (US $MN)       
27 Global Medical Device Outsourced Manufacturing Market Outlook, By Device Engineering Services (2019-2028) (US $MN)       
28 Global Medical Device Outsourced Manufacturing Market Outlook, By Device Manufacturing Services (2019-2028) (US $MN)       
29 Global Medical Device Outsourced Manufacturing Market Outlook, By Electronic Manufacturing Services (2019-2028) (US $MN)       
30 Global Medical Device Outsourced Manufacturing Market Outlook, By Extrusion Tubes (2019-2028) (US $MN)       
31 Global Medical Device Outsourced Manufacturing Market Outlook, By Liquid Silicone Rubber (LSR) Molding (2019-2028) (US $MN)       
32 Global Medical Device Outsourced Manufacturing Market Outlook, By Process Development Services (2019-2028) (US $MN)       
33 Global Medical Device Outsourced Manufacturing Market Outlook, By Thermoplastic Injection Molding (2019-2028) (US $MN)       
34 Global Medical Device Outsourced Manufacturing Market Outlook, By Packaging & Assembly By Type (2019-2028) (US $MN)       
35 Global Medical Device Outsourced Manufacturing Market Outlook, By Labelling (2019-2028) (US $MN)       
36 Global Medical Device Outsourced Manufacturing Market Outlook, By Primary & Secondary Packing (2019-2028) (US $MN)       
37 Global Medical Device Outsourced Manufacturing Market Outlook, By Quality Management Services (2019-2028) (US $MN)       
38 Global Medical Device Outsourced Manufacturing Market Outlook, By Inspection and Testing Services (2019-2028) (US $MN)       
39 Global Medical Device Outsourced Manufacturing Market Outlook, By Packaging Validation Services (2019-2028) (US $MN)       
40 Global Medical Device Outsourced Manufacturing Market Outlook, By Sterilization Services (2019-2028) (US $MN)       
41 Global Medical Device Outsourced Manufacturing Market Outlook, By Class of Device (2019-2028) (US $MN)       
42 Global Medical Device Outsourced Manufacturing Market Outlook, By Class I Medical Devices (2019-2028) (US $MN)       
43 Global Medical Device Outsourced Manufacturing Market Outlook, By Class II Medical Devices (2019-2028) (US $MN)       
44 Global Medical Device Outsourced Manufacturing Market Outlook, By Class III Medical Devices (2019-2028) (US $MN)       
45 Global Medical Device Outsourced Manufacturing Market Outlook, By Process Evaluation (2019-2028) (US $MN)       
46 Global Medical Device Outsourced Manufacturing Market Outlook, By Assembly (2019-2028) (US $MN)       
47 Global Medical Device Outsourced Manufacturing Market Outlook, By Design for Manufacturing (2019-2028) (US $MN)       
48 Global Medical Device Outsourced Manufacturing Market Outlook, By Packaging (2019-2028) (US $MN)       
49 Global Medical Device Outsourced Manufacturing Market Outlook, By Pilot Production (2019-2028) (US $MN)       
50 Global Medical Device Outsourced Manufacturing Market Outlook, By Process Evaluation (2019-2028) (US $MN)       
51 Global Medical Device Outsourced Manufacturing Market Outlook, By Production (2019-2028) (US $MN)       
52 Global Medical Device Outsourced Manufacturing Market Outlook, By Project Management (2019-2028) (US $MN)       
53 Global Medical Device Outsourced Manufacturing Market Outlook, By Prototyping (2019-2028) (US $MN)       
54 Global Medical Device Outsourced Manufacturing Market Outlook, By Validation (2019-2028) (US $MN)       
       
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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