Covid-19 Impact
Click here for an extensive analysis of the COVID-19 impact on the Medical Device Contract Manufacturing Market .

Medical Device Contract Manufacturing Market 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); Application (Cardiovascular, Orthopedic, Neurovascular, Pulmonary, Oncology, Laparoscopy, Urology and Gynecology); Type of Manufacturing (Raw Materials, Electronics, Finished Goods); Service (Prototype Development, Finished Device Manufacturing, Assembly & Packaging, Testing & Regulatory Support Services, Molding & Casting) – Analysis & Forecast 2019-2030

Report ID : 41  |  Published Date : Apr 2020  |  Pages : 150  |  Region : Global  |  Report Code : MD-23

  Request Free Sample  Data Pack/Excel – $1500


     

Medical Device Contract Manufacturing Market Overview and Introduction

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 anticipated to grow at a double digit CAGR during the forecast period. Medical device contract manufacturing organization provide services to outsource manufacturing of devices that enables original equipment manufacturers (OEMs) to reduce cost of product, product packaging and transport of product.  Contract manufacturing organizations (CMOs) are selected based on the capabilities of service provided in low cost, high quality and in speculated time. With increasing need for medical devices in hospitals and meet growing demand of hospitals OEMs are collaborating with Medical device contract manufacturing organization to meet this growing need.  

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. However, high cost of medical devices and stringent government policy related to medical device manufacturing is likely to restrain the market to certain extent.

Medical Device Contract Manufacturing Market by Device Type

The global medical device contract manufacturing market has been segmented based on device type, application, type of manufacturing, service, and region. In terms of device type, the global medical device contract manufacturing market has been segmented into in-vitro diagnostic medical devices, diagnostic imaging & medical equipment, drug delivery devices, patient monitoring devices, minimally access surgical instruments, therapeutic patient assistive devices, and others. The growth of this segment can be attributed to rising demand for home monitoring devices, body implants, and increasing demand in hospital for surgical & non-surgical instruments, are expected to drive the medical devices market, which, in turn, is likely to propel the medical device contract manufacturing market.

Medical Device Contract Manufacturing Market by Application 

Based on application, the global medical device contract manufacturing market is segmented into cardiovascular, orthopedic, oncology, neurovascular, pulmonary, urology & gynecology, laparoscopy, and others. Orthopedic segment is estimated to account for the largest share of the segment, owing to growing rise in sports related injuries and geriatric population suffering with arthritis.

Medical Device Contract Manufacturing Market by Type of Manufacturing 

Based on type of manufacturing, the global medical device contract manufacturing market has been categorized into raw materials, electronics, and finished goods. The electronic type of manufacturing is expected to account for the largest share in the market. On the basis of service, the global medical device contract manufacturing market is segmented into, prototype development, finished device manufacturing, assembly & packaging, testing & regulatory support services, molding & casting, and others. The prototype development segment accounted for the largest share of the global market.

Medical Device Contract Manufacturing Market by Regions 

The global medical device contract manufacturing can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW).  North America dominated the market of medical device contract manufacturing, followed by Europe and Asia Pacific. The largest share of the region can be attributed to factors like, highly developed health care sector, availability of advanced medical device products, focus of market players to introduce new & advance products for hospitals, favorable government initiatives and laws drive the medical device contract manufacturing market in the region. Asia Pacific region is likely to register a fastest growth rate during the forecast period. Owing to availability of cost effective raw materials that largely reduces the cost of the overall medical device, expected to propel the medical device contract manufacturing market in Asia Pacific. 

Medical Device Contract Manufacturing Market Prominent Players 

The prominent players in the global medical device contract manufacturing are 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 and other prominent players.

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.   Market Classification
      2.   Geographic Scope
      3.   Years Considered for the Study
        1. Historical Years – 2016 & 2017
        2. Base Year – 2018
        3. Forecasted Years – 2019 to 2030
    3. Currency Used for the Study
    4. Report Beneficiary List
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Type of Manufacturing
    3. Data Sources
      1.  Secondary Sources
      2.  Primary Sources
    4. Market Estimation Methodology
      1.   Bottoms Up Approach
      2.   Top Down Approach
    5. Data Validation and Triangulation
      1.   Market Forecasting Model
      2.   Limitations of the Study
      3.   Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Regulatory Landscape Assessment
    2. Manufacturing Capabilities Assessment
    3. Supply Chain Assessment
  6. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY DEVICE TYPE
    1. In-vitro Diagnostic Medical Devices
    2. Diagnostic Imaging & Medical Equipment
    3. Drug Delivery Devices
    4. Patient Monitoring Devices
    5. Minimally Access Surgical Instruments
    6. Therapeutic Patient Assistive Devices
    7. Others
  7. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY APPLICATION
    1. Cardiovascular
    2. Orthopedic
    3. Oncology
    4. Neurovascular
    5. Pulmonary
    6. Urology & Gynecology
    7. Laparoscopy
    8. Others
  8. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY TYPE OF MANUFACTURING
    1. Raw Materials
    2. Electronics
    3. Finished Goods
  9. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY SERVICE  
    1. Prototype Development
    2. Finished Device Manufacturing
    3. Assembly & Packaging
    4. Testing & Regulatory Support Services
    5. Molding & Casting
    6. Other Service
  10. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ANALYSIS & FORECAST, BY REGION
    1.     North America Medical Device Contract Manufacturing Market
      1.   North America Medical Device Contract Manufacturing Market, By Country
        1.  US
        2.  Canada
      2. North America Medical Device Contract Manufacturing Market Analysis & Forecast, By Device Type
      3. North America Medical Device Contract Manufacturing Market Analysis & Forecast, By Application
      4. North America Medical Device Contract Manufacturing Market Analysis & Forecast, By Type of Manufacturing
      5. North America Medical Device Contract Manufacturing Market Analysis & Forecast, By Service
    2. Europe Medical Device Contract Manufacturing Market
      1. Europe Medical Device Contract Manufacturing Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe Medical Device Contract Manufacturing Market Analysis & Forecast,      By Device Type
      3.  Europe Medical Device Contract Manufacturing Market Analysis & Forecast, By Application
      4.  Europe Medical Device Contract Manufacturing Market Analysis & Forecast, By Type of Manufacturing
      5. Europe Medical Device Contract Manufacturing Market Analysis & Forecast, By Service
    3. Asia Pacific Medical Device Contract Manufacturing Market
      1. Asia Pacific Medical Device Contract Manufacturing Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Medical Device Contract Manufacturing Market Analysis & Forecast, By Device Type
      3. Asia Pacific Medical Device Contract Manufacturing Market Analysis & Forecast, By Application
      4. Asia Pacific Medical Device Contract Manufacturing Market Analysis & Forecast, By Type of Manufacturing
      5. Asia Pacific Medical Device Contract Manufacturing Market Analysis & Forecast, By Service
    4.    Rest of the World (ROW) Medical Device Contract Manufacturing Market
      1. Rest of the World Medical Device Contract Manufacturing Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Medical Device Contract Manufacturing Market Analysis & Forecast, By Device Type
      3. Rest of the World Medical Device Contract Manufacturing Market Analysis & Forecast, By Application
      4. Rest of the World Medical Device Contract Manufacturing Market Analysis & Forecast, By Type of Manufacturing
      5. Rest of the World Medical Device Contract Manufacturing Market Analysis & Forecast, By Service
  11. COMPETETIVE LANDSCAPE
    1. Market Share Analysis (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Expansions
      4. Agreements, Collaborations, & Partnerships
      5. Other Strategies
  12. COMPANY PROFILES  (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
    1.   Flextronics International, LTD
    2.   Benchmark Electronics, Inc.
    3.   Jabil Inc.
    4.   Integer Holdings Corporation (Greatbatch)
    5.   West Pharmaceutical Services, Inc.
    6.   Tecomet, Inc.
    7.   Nortech Systems
    8.   TE Connectivity (Creganna Medical)
    9.   Forefront Medical Technologies
    10. 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)
  13. APPENDIX
    1. Questionnaire
    2. Primary Interviews Transcripts
    3.    Customization Options
    4. Profile of the Author