COVID-19 Impacts: Medical Device Manufacturing Outsourcing Market will Accelerate at a CAGR of almost 11% through 2020-2024 | Focus On Reducing Medical Device Manufacturing Cost to Boost Growth | Technavio

Technavio has been monitoring the medical device manufacturing outsourcing market and it is poised to grow by USD 39.25 bn during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cardinal Health Inc., Celestica Inc., Eurofins Scientific S.E, Flex Ltd., Integer Holdings Corp., Nortech Systems Inc., Sanmina Corp., TE Connectivity Ltd., Tecomet Inc., and West Pharmaceutical Services Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Focus on reducing medical device manufacturing cost has been instrumental in driving the growth of the market.

Medical Device Manufacturing Outsourcing Market 2020-2024 : Segmentation

Medical Device Manufacturing Outsourcing Market is segmented as below:

• Product
  • EMS
  • Raw Materials
  • Finished Goods
• Application
  • Orthopedics
  • Cardiovascular
  • Medical Imaging
  • In-vitro Diagnostics (IVDs)
  • General Medical Devices
  • Others
• Service
  • Product Design And Development
  • Product Upgrade And Maintenance
  • Regulatory Consulting
  • Product Testing
  • Supply Chain Management
  • Product Implementation.
• Medical Device Regulatory Classification
  • Class II
  • Class III
  • Class I
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Medical Device Manufacturing Outsourcing Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our medical device manufacturing outsourcing market report covers the following areas:

• Medical Device Manufacturing Outsourcing Market size
• Medical Device Manufacturing Outsourcing Market trends
• Medical Device Manufacturing Outsourcing Market industry analysis

This study identifies the increase in outsourcing of manufacturing activities to emerging countries as one of the prime reasons driving the market growth during the next few years.

Medical Device Manufacturing Outsourcing Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the medical device manufacturing outsourcing market, including some of the vendors such as Cardinal Health Inc., Celestica Inc., Eurofins Scientific S.E, Flex Ltd., Integer Holdings Corp., Nortech Systems Inc., Sanmina Corp., TE Connectivity Ltd., Tecomet Inc., and West Pharmaceutical Services Inc. Backed with competitive intelligence and benchmarking, our research reports on the Medical Device Manufacturing Outsourcing Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Medical Device Manufacturing Outsourcing Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist medical device manufacturing outsourcing market growth during the next five years
• Estimation of the medical device manufacturing outsourcing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the medical device manufacturing outsourcing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical device manufacturing outsourcing market vendors

Table Of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• EMS - Market size and forecast 2019-2024
• Raw materials - Market size and forecast 2019-2024
• Finished goods - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Orthopedics - Market size and forecast 2019-2024
• Cardiovascular - Market size and forecast 2019-2024
• Medical Imaging - Market size and forecast 2019-2024
• In-vitro diagnostics (IVDs) - Market size and forecast 2019-2024
• General medical devices - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Service

• Market segments
• Comparison by Service placement
• Product design and development - Market size and forecast 2019-2024
• Product upgrade and maintenance - Market size and forecast 2019-2024
• Regulatory consulting - Market size and forecast 2019-2024
• Product testing - Market size and forecast 2019-2024
• Supply chain management - Market size and forecast 2019-2024
• Product implementation - Market size and forecast 2019-2024
• Market opportunity by Service

Market Segmentation by Medical Device Regulatory Classification

• Market segments
• Comparison by Medical Device Regulatory Classification placement
• Class II - Market size and forecast 2019-2024
• Class III - Market size and forecast 2019-2024
• Class I - Market size and forecast 2019-2024
• Market opportunity by Medical Device Regulatory Classification

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Vendor Analysis

Vendors covered

• Market positioning of vendors
• Cardinal Health Inc.
• Celestica Inc.
• Eurofins Scientific S.E
• Flex Ltd.
• Integer Holdings Corp.
• Nortech Systems Inc.
• Sanmina Corp.
• TE Connectivity Ltd.
• Tecomet Inc.
• West Pharmaceutical Services Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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