Medical Device Outsourcing Market by Product, by Device Type, by Application, by Service, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2016-2023

  • ID: 4517514
  • Report
  • Region: Global
  • 105 pages
  • P&S Market Research
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Some of the prominent factors driving the growth of the market include increasing regulatory adherence, growing aging population and increasing prevalence of chronic diseases.

Insights on Market Segments:

The medical device outsourcing market is categorized as electronics, raw materials/components, and finished goods, on the basis of products offered. Finished goods such as disposable devices and surgical equipment/instruments are expected to witness fastest growth in demand, with the CAGR of 10.1% during the forecast period. Medical device manufacturers are actively outsourcing the production of their finished goods especially with low product differentiations to reduce the overall cost of production and marketing.

Among the different applications of medical device outsourcing, general medical devices contributed largest revenue in the global market, with a 25.9% share in 2016. General medical devices such as drug delivery devices, surgical devices, diagnostic consumables, and inhalation drug delivery devices are increasingly being outsourced by the medical device industry players, since these devices have a high market demand from healthcare providers.

Asia-Pacific (APAC) is the fastest growing market for medical device outsourcing

The APAC medical device outsourcing market is expected to witness the fastest growth in demand and is predicted to grow at a CAGR of around 10.9% during the forecast period, due to the low cost of labor and comparatively less expensive infrastructure cost as compared to other developed economies of the world. The growth of the APAC market is also supplemented by the presence of a large patient pool suffering from chronic disorders and increase in the need for affordable medical devices.

Key Players focus on business expansions and acquisitions to gain a larger market share

Globally, key players in the medical device outsourcing market are focusing on business expansions and acquisitions to gain a larger market share. For instance, in April 2016, TE Connectivity Ltd, a major player in connectivity and sensors, announced the completion of its previously announced acquisition of the Creganna Medical Group (Creganna). Creganna designs and manufactures minimally invasive delivery and access devices serving medical device original equipment manufacturers (OEMs).

Some of the major players in the global medical device outsourcing market include Cardinal Health, Inc., Integer Holdings Corporation, Onex Corporation, TE Connectivity Ltd., Flex Ltd., Heraeus Holding GmbH, Plexus Corp., West Pharmaceutical Services, Inc., and Sanmina Corporation.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Device Type
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by Service
1.3.5 Market Segmentation by Geography
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Product
4.1.1.1 Electronics
4.1.1.2 Finished goods
4.1.1.3 Raw materials/ components
4.1.2 by Device Type
4.1.2.1 Class I
4.1.2.2 Class II
4.1.2.3 Class III
4.1.3 by Application
4.1.3.1 General medical devices
4.1.3.2 Radiology
4.1.3.3 Cardiovascular
4.1.3.4 Orthopedics & spine
4.1.3.5 Others
4.1.4 by Service
4.1.4.1 Finished device manufacturing
4.1.4.2 Assembly & packaging
4.1.4.3 Prototype development
4.1.4.4 Testing & certification
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing adherence to quality standards
4.2.1.2 Reduction in cost to market
4.2.1.3 Need for swift marketing of products
4.2.1.4 Rise in the incidence of various health disorders
4.2.1.5 Increasing geriatric population
4.2.1.6 Impact analysis of drivers on market forecast
4.2.2 Restraints
4.2.2.1 Threat of data theft
4.2.2.2 Inadequate reimbursement policies
4.2.2.3 Impact analysis of restraints on market forecast
4.2.3 Opportunities
4.2.3.1 Increased outsourcing opportunities in developed countries

5. Global Market Size and Forecast
5.1 by Product
5.2 by Device Type
5.3 by Application
5.4 by Service
5.5 by Region

6. North America Market Size and Forecast
6.1 by Product
6.2 by Device Type
6.3 by Application
6.4 by Service
6.5 by Country

7. Europe Market Size and Forecast
7.1 by Product
7.2 by Device Type
7.3 by Application
7.4 by Service
7.5 by Country

8. APAC Market Size and Forecast
8.1 by Product
8.2 by Device Type
8.3 by Application
8.4 by Service
8.5 by Country

9. LAMEA Market Size and Forecast
9.1 by Product
9.2 by Device Type
9.3 by Application
9.4 by Service
9.5 by Country

10. Competitive Landscape
10.1 Market Share Analysis of Key Players
10.1.1 Market Share Analysis of Key Players, by Product (2016)
10.1.1.1 Finished goods
10.1.1.2 Electronics
10.2 Global Strategic Developments of Key Players
10.2.1 Mergers and Acquisitions
10.2.2 Facility Expansion

11. Company Profiles
11.1 Cardinal Health, Inc.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Onex Corporation
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 Heraeus Holding GmbH
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 TE Connectivity Ltd.
11.4.1 Business Overview
11.4.2 Products and Service Offerings
11.5 Flex Ltd.
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 Integer Holdings Corporation
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Nortech Systems Incorporated
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 Plexus Corp
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 Sanmina Corporation
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.10 West Pharmaceutical Services, Inc.
11.10.1 Business Overview
11.10.2 Product and Service Offerings

12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 Related Reports

List of Tables
Table 1 Analysis Period of the Study
Table 2 Drivers For the Market: Impact Analysis
Table 3 Restraints For the Market: Impact Analysis
Table 4 Global Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Table 5 Global Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Table 6 Global Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Table 7 Global Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Table 8 Global Medical Device Outsourcing Market, by Region, $M (2016 - 2023)
Table 9 North America Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Table 10 North America Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Table 11 North America Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Table 12 North America Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Table 13 North America Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Table 14 Europe Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Table 15 Europe Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Table 16 Europe Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Table 17 Europe Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Table 18 Europe Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Table 19 Apac Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Table 20 Apac Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Table 21 Apac Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Table 22 Apac Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Table 23 Apac Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Table 24 Lamea Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Table 25 Lamea Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Table 26 Lamea Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Table 27 Lamea Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Table 28 Lamea Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Table 29 Cardinal Health, Inc. - At a Glance
Table 30 Onex Corporation - At a Glance
Table 31 Heraeus Holding Gmbh - At a Glance
Table 32 Te Connectivity Ltd. - At a Glance
Table 33 Flex Ltd. - At a Glance
Table 34 Integer Holdings Corporation - At a Glance
Table 35 Nortech Systems Incorporated - At a Glance
Table 36 Plexus Corp - At a Glance
Table 37 Sanmina Corporation - At a Glance
Table 38 West Pharmaceutical Services, Inc. - At a Glance

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary and Secondary Research
Fig 4 Breakdown of Primary Research by Region
Fig 5 Breakdown of Primary Research by Industry Participant
Fig 6 Breakdown of Primary Research by Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Medical Device Outsourcing Market Summary
Fig 9 Aging Population As a Percentage of Total Population
Fig 10 Snapshot of Global Medical Device Outsourcing Market (2016)
Fig 11 Global Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Fig 12 Global Medical Device Outsourcing Market Split, by Device Type (2016)
Fig 13 Global Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Fig 14 Global Medical Device Outsourcing Market Split, by Application (2016)
Fig 15 Global Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Fig 16 Global Medical Device Outsourcing Market Split, by Service (2016)
Fig 17 Global Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Fig 18 Worldwide Major Markets For Medical Device Outsourcing
Fig 19 North America Medical Device Outsourcing Market Snapshot
Fig 20 North America Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Fig 21 North America Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Fig 22 North America Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Fig 23 North America Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Fig 24 North America Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Fig 25 Europe Medical Device Outsourcing Market Snapshot
Fig 26 Europe Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Fig 27 Europe Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Fig 28 Europe Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Fig 29 Europe Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Fig 30 Europe Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Fig 31 Apac Medical Device Outsourcing Market Snapshot
Fig 32 Apac Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Fig 33 Apac Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Fig 34 Apac Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Fig 35 Apac Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Fig 36 Apac Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Fig 37 Lamea Medical Device Outsourcing Market Snapshot
Fig 38 Lamea Medical Device Outsourcing Market, by Product, $M (2016 - 2023)
Fig 39 Lamea Medical Device Outsourcing Market, by Device Type, $M (2016 - 2023)
Fig 40 Lamea Medical Device Outsourcing Market, by Application, $M (2016 - 2023)
Fig 41 Lamea Medical Device Outsourcing Market, by Service, $M (2016 - 2023)
Fig 42 Lamea Medical Device Outsourcing Market, by Country, $M (2016 - 2023)
Fig 43 Global Medical Device Outsourcing Market Share of Key Players (2016)
Fig 44 Global Medical Device Outsourcing Market Share of Key Players, Finished Goods (2016)
Fig 45 Global Medical Device Outsourcing Market Share of Key Players, Electronics (2016)
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