Published :
Tables : 47
Figures : 45
Category : Healthcare
No. of Pages : 220
Report Code : HC-1257
Medical Device Contract Manufacturing Market Introduction: Medical device contract manufacturing market is estimated to value over USD 122.7 billion by 2027 end and register a CAGR of over 11.3% 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, Benchmark 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 Medical Device Contract Manufacturing Market Segmentation: By Device • IVD Devices o IVD Consumables o IVD Equipment • Diagnostic Imaging Devices • Cardiovascular Devices • Drug Delivery Devices o Infusion Sets and Administration Sets o Syringes o Inhalers o Autoinjectors & Pen Injectors • Orthopedic Devices • Ophthalmology Devices • Diabetes Care Devices • Dental Devices • Endoscopy Devices • Respiratory Care Devices • Surgical Devices • Gynaecology/Urology Devices • Personal Care • Neurology Devices • Other Devices By Service • Device Development and Manufacturing Services o Device Manufacturing Services o Process Development Services o Device Engineering Services • Quality Management Services o Packaging Validation Services o Inspection and Testing Services o Sterilization Services • Packaging & Assembly Services o Primary & Secondary Packing Services o Labelling Services o Other Packaging and Assembly Services • Other Services By Class of Device • Class II Medical Devices • Class I 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 Flexible Delivery Model: We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement The customization Mobility Care offered are free of charge with purchase of any license of the report You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com
Medical device contract manufacturing market is estimated to value over USD 122.7 billion by 2027 end and register a CAGR of over 11.3% 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, Benchmark Electronics and Integer Holdings Corporation.
Competitive Landscape:
Medical Device Contract Manufacturing Market Segmentation: By Device • IVD Devices o IVD Consumables o IVD Equipment • Diagnostic Imaging Devices • Cardiovascular Devices • Drug Delivery Devices o Infusion Sets and Administration Sets o Syringes o Inhalers o Autoinjectors & Pen Injectors • Orthopedic Devices • Ophthalmology Devices • Diabetes Care Devices • Dental Devices • Endoscopy Devices • Respiratory Care Devices • Surgical Devices • Gynaecology/Urology Devices • Personal Care • Neurology Devices • Other Devices By Service • Device Development and Manufacturing Services o Device Manufacturing Services o Process Development Services o Device Engineering Services • Quality Management Services o Packaging Validation Services o Inspection and Testing Services o Sterilization Services • Packaging & Assembly Services o Primary & Secondary Packing Services o Labelling Services o Other Packaging and Assembly Services • Other Services By Class of Device • Class II Medical Devices • Class I Medical Devices • Class III Medical Devices By Region • North America • Europe • Asia Pacific • Latin America • Rest of the World
FutureWise Key Takeaways:
Objectives of the Study:
Flexible Delivery Model:
1. Market Introduction 1.1. Objectives of the Study 1.2. Market Definition 1.3. Market Scope 1.3.1. Years Considered for the Study 1.3.2. Market Covered 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 2.2. Market Size Estimation 2.3. Market Breakdown and Data Triangulation 2.4. Assumptions for the Study 3. Executive Summary 3.1. Market Outlook 3.2. Segment Outlook 3.3. Competitive Insights 4. Global Medical Device Contract Manufacturing Market Variables, Trends & Scope 4.1. Market Lineage Outlook 4.2. Penetration and Growth Prospect Mapping 4.3. Industry Value Chain Analysis 4.4. Cost Analysis Breakdown 4.5. Technology Overview 4.6. Regulatory Framework 4.6.1. Reimbursement Framework 4.6.2. Standards and Compliances 5. Global Medical Device Contract Manufacturing Market Overview 5.1. Market Dynamics 5.1.1. Market Driver Analysis 5.1.1.1. Increasing focus of Medical Device Contract Manufacturing Companies on Brand Protection 5.1.1.2. Untapped Opportunities in Emerging Regions 5.1.2. Market Restraint Analysis 5.1.2.1. High Cost Associated with Implementation of Predictive Analysis 5.1.3. Industry Challenges 5.1.3.1. Presence of Ambiguous Regulatory Framework 6. Global Medical Device Contract Manufacturing Market Analysis Tools 6.1. Industry Analysis - Porter’s 6.1.1. Supplier Power 6.1.2. Buyer Power 6.1.3. Substitution Threat 6.1.4. Threat from New Entrants 6.1.5. Competitive Rivalry 6.2. Pestel Analysis 6.2.1. Political Landscape 6.2.2. Environmental Landscape 6.2.3. Social Landscape 6.2.4. Technology Landscape 6.2.5. Legal Landscape 6.3. Major Deals And Strategic Alliances Analysis 6.3.1. Joint Ventures 6.3.2. Mergers and Acquisitions 6.3.3. Licensing and Partnership 6.3.4. Technology Collaborations 6.3.5. Strategic Divestments 6.4. Market Entry Strategies 6.5. Case Studies 7. Global Medical Device Contract Manufacturing Market, By Device Historical Analysis and Forecast 2020-2027 (USD Million) 7.1. IVD Devices 7.1.1. IVD Consumables 7.1.2. IVD Equipment 7.2. Diagnostic Imaging Devices 7.3. Cardiovascular Devices 7.4. Drug Delivery Devices 7.4.1. Syringes 7.4.2. Autoinjectors & Pen Injectors 7.4.3. Inhalers 7.5. Orthopedic Devices 7.6. Ophthalmology Devices 7.7. Diabetes Care Devices 7.8. Dental Devices 7.9. Endoscopy Devices 7.10. Other Devices 8. Global Medical Device Contract Manufacturing Market, By Service Historical Analysis and Forecast 2020-2027 (USD Million) 8.1. Device Development and Manufacturing Services 8.1.1. Device Engineering Services 8.1.2. Process Development Services 8.1.3. Device Manufacturing Services 8.2. Quality Management Services 8.2.1. Packaging Validation Services 8.2.2. Inspection & Testing Services 8.2.3. Sterilization Services 8.3. Packaging & Assembly Services 8.3.1. Primary & Secondary Packing Services 8.3.2. Labelling Services 8.3.3. Other Packaging and Assembly Services 8.4. Other Services 9. Global Medical Device Contract Manufacturing Market, By Class of DeviceHistorical Analysis and Forecast 2020-2027 (USD Million) 9.1. Class I Medical Devices 9.2. Class II Medical Devices 9.3. Class III Medical Devices 10. North America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 10.1. Introduction 10.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 10.2.1. U.S.A 10.2.2. Canada 10.2.3. Mexico 10.3. Market Size (USD Million) Forecast for North America 2020-2027 11. Latin America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 11.1. Introduction 11.2. Regional Market Trends 11.3. Historical Market Size (USD Million) Analysis By Country, 2015-2019 11.3.1. Brazil 11.3.2. Venezuela 11.3.3. Argentina 11.3.4. Rest of Latin America 11.4. Market Size (USD Million) Forecast for Latin America 2020-2027 12. Europe Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 12.1. Introduction 12.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 12.2.1. Germany 12.2.2. U.K 12.2.3. France 12.2.4. Italy 12.2.5. Spain 12.2.6. Russia 12.2.7. Poland 12.2.8. Switzerland 12.2.9. Rest of Western Europe 12.3. Market Size (USD Million) Forecast for Europe 2020-2027 13. Asia Pacific Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 13.1. Introduction 13.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 13.2.1. Japan 13.2.2. China 13.2.3. Singapore 13.2.4. India 13.2.5. Australia and New Zealand 13.2.6. ASEAN 13.2.7. South Korea 13.2.8. Taiwan 13.2.9. Rest of Asia Pacific 13.3. Market Size (USD Million) Forecast for Asia Pacific 2020-2027 14. Middle East and Africa Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 14.1. Introduction 14.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 14.2.1. Saudi Arabia 14.2.2. UAE 14.2.3. South Africa 14.2.4. Egypt 14.3. Market Size (USD Million) Forecast for MEA 2020-2027 15. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Connected Devices and Disease Indication Portfolio, Financial Layouts) 15.1. Flex Ltd. 15.1.1. Company Overview 15.1.2. Product Portfolio 15.1.3. SWOT Analysis 15.1.4. Financial Overview 15.1.5. Strategic Overview 15.2. Jabil Inc.. 15.2.1. Company Overview 15.2.2. Product Portfolio 15.2.3. SWOT Analysis 15.2.4. Financial Overview 15.2.5. Strategic Overview 15.3. Consort Medical PLC 15.3.1. Company Overview 15.3.2. Product Portfolio 15.3.3. SWOT Analysis 15.3.4. Financial Overview 15.3.5. Strategic Overview 15.4. Tessy Plastics 15.4.1. Company Overview 15.4.2. Product Portfolio 15.4.3. SWOT Analysis 15.4.4. Financial Overview 15.4.5. Strategic Overview 15.5 Nemera 15.5.1. Company Overview 15.5.2. Product Portfolio 15.5.3. SWOT Analysis 15.5.4. Financial Overview 15.5.5. Strategic Overview 15.6 Tecomet 15.6.1. Company Overview 15.6.2. Product Portfolio 15.6.3. SWOT Analysis 15.6.4. Financial Overview 15.6.5. Strategic Overview 15.7. Nordson Corporation 15.7.1. Company Overview 15.7.2. Product Portfolio 15.7.3. SWOT Analysis 15.7.4. Financial Overview 15.7.5. Strategic Overview 15.8. Kimball Electronics Inc. 15.8.1. Company Overview 15.8.2. Product Portfolio 15.8.3. SWOT Analysis 15.8.4. Financial Overview 15.8.5. Strategic Overview 15.9. Teleflex Incorporated 15.9.1. Company Overview 15.9.2. Product Portfolio 15.9.3. SWOT Analysis 15.9.4. Financial Overview 15.9.5. Strategic Overview 15.10. Nortech Systems, Inc. 15.10.1. Company Overview 15.10.2. Product Portfolio 15.10.3. SWOT Analysis 15.10.4. Financial Overview 15.10.5. Strategic Overview 15.11. Gerresheimer AG 15.11.1. Company Overview 15.11.2. Product Portfolio 15.11.3. SWOT Analysis 15.11.4. Financial Overview 15.11.5. Strategic Overview 15.12. Celestica Inc. 15.12.1. Company Overview 15.12.2. Product Portfolio 15.12.3. SWOT Analysis 15.12.4. Financial Overview 15.12.5. Strategic Overview 15.13. Plexus Corporation 15.13.1. Company Overview 15.13.2. Product Portfolio 15.13.3. SWOT Analysis 15.13.4. Financial Overview 15.13.5. Strategic Overview 15.14. TE Connectivity, Ltd. 15.14.1. Company Overview 15.14.2. Product Portfolio 15.14.3. SWOT Analysis 15.14.4. Financial Overview 15.14.5. Strategic Overview 15.15. Nipro Corporation 15.15.1. Company Overview 15.15.2. Product Portfolio 15.15.3. SWOT Analysis 15.15.4. Financial Overview 15.15.5. Strategic Overview 15.16. Benchmark Electronics 15.16.1. Company Overview 15.16.2. Product Portfolio 15.16.3. SWOT Analysis 15.16.4. Financial Overview 15.16.5. Strategic Overview 15.17. Integer Holdings Corporation 15.17.1. Company Overview 15.17.2. Product Portfolio 15.17.3. SWOT Analysis 15.17.4. Financial Overview 15.17.5. Strategic Overview 16. FutureWise SME Key Takeaway Points for Client
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