Overview

Medical Device Contract Manufacturing Market Introduction

The global medical device contract manufacturing market is estimated to value over USD 89.8 billion by 2027 end and register a CAGR of over 9.5% from the forecast period 2020 to 2027. 

The rising demand for medical devices owing to improving healthcare infrastructure and lower cost of raw materials are increasing the market size. The growing adoption of technologically advanced products is triggering market growth. Increased life expectancy along with rising geriatric population is further positively influencing the market. An increase in healthcare expenditure alongside rising patient awareness is also inflating the medical device contract manufacturing market size.

 

The market is divided into device type, by service, by class of device and by region. Based on device type, IVD devices are expected to control the growth of the market. Technological advancements such as automation and high-throughput capabilities are stimulating the market. The rapid expansion of clinical laboratories and hospitals in emerging economies alongside advancements made in the area of life science is complementing the growth of the market. 

 

In terms of service, the development and manufacturing services segment are expected to hold a vast share of the market. Expansion of medical devices industry and expensive cost for in-house manufacturing of medical devices with low returns on investment are increasing the demand for the development and manufacturing services segment thus expanding the market. 

 

Based on the class of devices, class II medical devices are expected to be the front runner of the market owing to a low number of regulatory compliance issues related to class II medical devices.

 

Based on the region, North America dictates the growth of the market. Rising awareness among health care providers regarding medical devices coupled with favourable government initiatives is stimulating the growth of the market in the region. Constant innovation and evolution of advanced medical device products are further bolstering the market in the region. 

 

Increase in manufacturing sites and technological advancements are expected to stimulate the market in regions like Asia-Pacific and Europe.

 

Prominent players of the market are Flex Ltd., Jabil Inc., Consort Medical PLC, Tessy Plastics, Corp, Nemera, Tecomet, Nordson Corporation, Kimball Electronics Inc., Teleflex Incorporated, Nortech Systems, Inc., Gerresheimer AG, Celestica Inc., Plexus Corporation, TE Connectivity, Ltd., Nipro Corporation, Benchmarker Electronics and Integer Holdings Corporation. 

 

Competitive Landscape: 

● West Pharmaceutical Services, Inc in 2019, expanded its presence in Asia-Pacific by opening a new sales office in Korea 

● Jabil Inc. acquired True-Tech Corporation in 2019. The move helped Jabil Inc. to venture in machined medical components, semiconductor and aerospace components 

● Nemera Development SA collaborated with Novo Nordisk to build a manufacturing site in France to produce injectable devices

Global Medical Device Contract Manufacturing Market Segmentation: 

By Device

● IVD Devices

▪ IVD Consumables

▪ IVD Equipment

● Diagnostic Imaging Devices

● Cardiovascular Devices

● Drug Delivery Devices

▪ Infusion/Administration Sets

▪ Syringes

▪ Autoinjectors & Pen Injectors

▪ Inhalers

● Orthopedic Devices

● Ophthalmology Devices

● Diabetes Care Devices

● Dental Devices

● Endoscopy Devices

● Other Devices

 

By Service

● Device Development and Manufacturing Services

▪ Device Engineering Services

▪ Process Development Services

▪ Device Manufacturing Services

● Quality Management Services

▪ Packaging Validation Services

▪ Inspection & Testing Services

● Final Goods Assembly Services

 

By Class of Device

● Class I Medical Devices

● Class II Medical Devices

● Class III Medical Devices

 

By Region

● North America

● Europe

● Asia Pacific

● Latin America

● Rest of the World

 

FutureWise Key Takeaways

● Growth Prospects

● SWOT Analysis

● Key Trends

● Key data-points affecting market growth

 

Objectives of the Study:

• To provide with an exhaustive analysis on the global medical device contract manufacturing market by device, by service, by class of device and by region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

• Evaluate and forecast micro-markets and the overall market 

• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world

• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Table of Contents

1 Introduction 

    1.1 Objectives of the Study 

    1.2 Market Definition 

    1.3 Market Scope 

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency 

    1.5 Limitations 

    1.6 Stakeholders 

2 Research Methodology 

    2.1 Research Data 

           2.1.1 Secondary Data

                    2.1.1.1 Key Data From Secondary Sources

           2.1.2 Primary Data

                    2.1.2.1 Key Data From Primary Sources

                    2.1.2.2 Key Industry Insights

    2.2 Market Size Estimation 

           2.2.1 Supply Side: Market Size Approach of Medical Device Contract Manufacturing

           2.2.2 Demand Side: Market Size Approach of Medical Device Contract Manufacturing

    2.3 Market Breakdown & Data Triangulation 

    2.4 Market Share Estimation 

    2.5 Assumptions for the Study 

 

3 Executive Summary

4 Exclusive Insights 

    4.1  Market Overview 

    4.2 Market: Developed Vs. Developing Regions 

    4.3 Geographical Snapshot:Market 

    4.4 Geographic Mix: Market 

    4.5 Asia Pacific:  Market Share, By Device Type and Country 

 

5 Market Overview 

    5.1 Introduction 

    5.2 Market Drivers 

           5.2.1 High Growth of the Medical Devices Market

           5.2.2 Technological Advancement in Medical Device Modalities

           5.2.3 Impact of Industry 4.0 on the Medical Devices Industry

    5.3 Market Restraints 

           5.3.1 Consolidation in the Medical Devices Market

    5.4 Market Opportunities 

           5.4.1 High Growth Potential of Developing Countries Across APAC and Latin America

    5.5 Burning Issues 

           5.5.1 Balancing Technological Capabilities Against Costs

 

6 Industry Trends 

    6.1 Increasing Consolidation of OEMs and CMOs 

    6.2 Growing Interest of Private Equity Firms in market 

    6.3 Outsourcing of Market Services 

7 Medical Device Contract Manufacturing Market, By Device Type (Page No. - 51)

    7.1 Introduction 

    7.2 IVD Devices 

           7.2.1 IVD Consumables

                    7.2.1.1 Increased Accessibility and Demand for Reagents & Kits and Increasing Volume of IVD Tests Performed are the Key Factors Driving Market Growth

           7.2.2 IVD Equipment

                    7.2.2.1 Advances in Life Sciences Research to Support Market Growth

    7.3 Diagnostic Imaging Devices 

           7.3.1 Adoption of New and Advanced Diagnostic Imaging Systems in Developing Countries to Support Market Growth

    7.4 Cardiovascular Devices 

           7.4.1 Rising Prevalence of Cardiovascular Diseases to Drive the Demand for Contract Manufacturing Services

    7.5 Drug Delivery Devices 

           7.5.1 Infusion Devices and Administration Sets

                    7.5.1.1 Rising Incidence of Chronic Diseases & Growing Number of Surgical Procedures to Drive Market Growth

           7.5.2 Syringes

                    7.5.2.1 High Cost of Safety Syringes and the Increasing Incidence of Needlestick Injuries are the Major Challenges Faced By Manufacturers

           7.5.3 Autoinjectors & Pen Injectors

                    7.5.3.1 Rising Number of Regulatory Approvals for New Drug Therapies and Advancements in Drug Delivery are Supporting Market Growth

           7.5.4 Inhalers

                    7.5.4.1 High Prevalence of Asthma and Copd to Drive Market Growth

    7.6 Orthopedic Devices 

           7.6.1 High Prevalence of Orthopedic Conditions Coupled With the Rising Geriatric Population is the Major Factor Driving the Growth of This Market

    7.7 Ophthalmology Devices 

           7.7.1 Increasing Prevalence of Ophthalmic Diseases & Technological Advancements in Ophthalmic Devices to Support Market Growth

    7.8 Diabetes Care Devices 

           7.8.1 Rising Prevalence of Diabetes is Driving the Demand for Diabetes Devices and Consumables

    7.9 Dental Devices 

           7.9.1 Rising Incidence of Dental Diseases Coupled With the Increasing Adoption of Technologically Advanced Dental Diagnostic Devices to Drive Market Growth

    7.10 Endoscopy Devices 

           7.10.1 Growth in This Market is Driven By the Rising Patient Preference for Minimally Invasive Procedures

    7.11 Other Devices 

 

8 Medical Device Contract Manufacturing Market, By Service

    8.1 Introduction 

    8.2 Device Development and Manufacturing Services 

           8.2.1 Device Engineering Services

           8.2.2 Process Development Services

           8.2.3 Device Manufacturing Services

    8.3 Quality Management Services 

           8.3.1 Packaging Validation Services

           8.3.2 Inspection & Testing Services

    8.4 Final Goods Assembly Services 

9 Medical Device Contract Manufacturing Market, By Class of Device 

    9.1 Introduction 

           9.1.1 Device Classification, By Country/Region

                    9.1.1.1 US

                               9.1.1.1.1 Class I: General Controls

                               9.1.1.1.2 Class II: General Controls With Special Controls

                               9.1.1.1.3 Class III: General Controls, Special Controls, and Premarket Approval

                    9.1.1.2 European Union and European Free Trade Association

                    9.1.1.3 Canada

                    9.1.1.4 Australia

    9.2 Class I Medical Devices 

    9.3 Class II Medical Devices 

    9.4 Class III Medical Devices 

 

10 Medical Device Contract Manufacturing Market, By Region 

     10.1 Introduction 

     10.2 Asia Pacific 

             10.2.1 China

                       10.2.1.1 The market in China is Driven By the Low Labor Cost

             10.2.2 Japan

                       10.2.2.1 The Demand for Medical Devices in Japan is Rising Owing to the Increasing Aging Population and the Growing Number of Patients With Chronic and Lifestyle Diseases

             10.2.3 India

                       10.2.3.1 Presence of A Large Patient Population and Growing Access to Healthcare Facilities to Drive the Market in India

             10.2.4 RoAPAC

     10.3 North America 

             10.3.1 US

                       10.3.1.1 Increasing Cost of In-House Manufacturing is Encouraging Medical Device Companies to Adopt Contract Manufacturing as A Cost-Cutting Measure

             10.3.2 Canada

                       10.3.2.1 Strong Presence of Key Contract Manufacturing Companies in the Country to Support the Market Growth

     10.4 Latin America 

             10.4.1 Mexico

                       10.4.1.1 Highly Trained, Less Expensive, and Plentiful, With Almost 150,000 Dedicated Workers in the Industry to Boost the Growth in Market

             10.4.2 Rest of Latin America

     10.5 Europe 

             10.5.1 Germany

                       10.5.1.1 Concentration of Major Medical Devices Companies in the Country and High Healthcare Expenditure to Support the Market Growth

             10.5.2 France

                       10.5.2.1 Increasing Government Pressure to Reduce Healthcare Costs and Budgetary Constraints to Support Contract Manufacturing Market in Country

             10.5.3 UK

                       10.5.3.1 Increasing Number of Accredited Clinical Laboratories and Hospital Laboratories to Drive Demand of Medical Devices Thereby Driving The Market For Contract Manufacturing 

             10.5.4 Italy

                       10.5.4.1 Healthcare Coverage for All Citizens and Foreign Residents is Driving the Consumption of Medical Devices

             10.5.5 Spain

                       10.5.5.1 The Increasing Adoption of Home-Based Medical Devices to Drive the Market

             10.5.6 Rest of Europe

     10.6 Middle East and Africa 

             10.6.1 Growing Healthcare Investments and Improvement in Healthcare Infrastructure to Drive the Market in MEA.

 

11 Competitive Landscape 

     11.1 Introduction 

     11.2 Geographical Assessment of Key Players in the market (2019) 

     11.3 Product Portfolio Matrix 

     11.4 Revenue Share Analysis of Key Players in market 

     11.5  Market Share Analysis 

     11.6 Competitive Situations and Trends 

             11.6.1 Agreements (2018 – 2020)

             11.6.2 Partnerships (2017 – 2020)

             11.6.3 Acquisitions (2019 – 2020)

             11.6.4 Expansions (2019 – 2020)

             11.6.5 Product/Service Launch and Approvals (2017 – 2019)

 

12 Company Profiles 

(Business Overview, Products and Services Offered, Recent Developments, and MnM View)*

     12.1 Flex, Ltd. 

     12.2 Jabil Inc. 

     12.3 TE Connectivity Ltd. 

     12.4 Sanmina Corporation 

     12.5 Nipro Corporation 

     12.6 Celestica International LP. (Subsidiary of Onex Corporation) 

     12.7 Plexus Corp. 

     12.8 Benchmark Electronics Inc. 

     12.9 Integer Holdings Corporation 

     12.10 Gerresheimer AG 

     12.11 West Pharmaceutical Services, Inc. 

     12.12 Nortech Systems, Inc. 

     12.13 Nemera Development S.A. 

     12.14 Consort Medical PLC 

     12.15 Tessy Plastics Corp 

     12.16 Kimball Electronics, Inc. 

     12.17 Viant Medical 

     12.18 Tecomet, Inc. 

     12.19 SMC Ltd. 

     12.20 Phillips-Medisize Corporation

 

Chapter 13 Research Finding and Conclusion 

 

Chapter 14  Research Methodology 

 

Chapter 15  Research Data Source  

 

Tables

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