+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Medical Device Contract Manufacturing Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5176869
  • Report
  • August 2020
  • Region: Global
  • 106 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2020
1 of 5

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • Celestica Inc.
  • Flex, Ltd.
  • Gerresheimer AG
  • Jabil Inc.
  • Nipro Corporation
  • Nordson Corporation
  • MORE
The significant factor attributing the growth in the contracting sector of medical devices involves overall growth in the demand for medical devices as a whole (primarily owing to the increasing incidence of illness, lifespan, and geriatric population).

Growing technology penetration in the medical devices industry leading to digitally connected systems, and low investment returns owing to increasing costs of in house manufacturing are also contributing to the market growth.

The development of medical devices by contract manufacturing with third parties has minimized the product development costs by 30%. The services offered by the medical device contract manufacturers consist of product engineering, product manufacturing, and other services. Hence, owing to these factors, along with the growing acceptance of advanced technologies are fuelling the growth in the medical device contract manufacturing market.

Key Market Trends

IVD Device Segment is Expected to Hold the Largest Market Share in the Medical Device Contract Manufacturing Market

Dominant share is retained by the IVD device segment owing to factors such as growing hospital numbers in the developing countries owing to the development of healthcare infrastructure and rising IVD test volume worldwide.

The growth of the IVD device segment can be attributed to the high prevalence of chronic diseases. Rising chronic diseases is a global challenge, account for around 60% of all fatalities globally, as per the WHO estimates.

The use of IVD devices is increasing in medical facilities as the adoption rate for these devices is increasing and demand for point of care devices and their ability to monitor, diagnose, and prevent the diseases is also contributing to market growth. It is expected that increased demand for personalized, advanced and rapid diagnostic devices will boost market growth for the IVD device segment.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall Medical Device Contract Manufacturing market, throughout the forecast period. This is owing to factors such as, the United States is the domicile of 7 of the world's 10 largest manufacturers of original equipment for medical devices (OEMs) by revenue and as per our estimates, the US represents around 43% of global medical devices market which is further expected to upsurge the demand of medical device contract manufacturing during the forecast period in the region. Further, technological advancement and growing mobile technologies and the use of IoT will also boost the market growth in the region.

Competitive Landscape

The medical device contract manufacturing market is moderately competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Flex, Ltd., Jabil Inc., Synecco, Sanmina Corporation, and Gerresheimer AG.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Celestica Inc.
  • Flex, Ltd.
  • Gerresheimer AG
  • Jabil Inc.
  • Nipro Corporation
  • Nordson Corporation
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Medical Device Market
4.2.2 Advancement in Technology
4.3 Market Restraints
4.3.1 Medical Device Market Consolidation
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Device
5.1.1 IVD Devices
5.1.1.1 IVD Equipments
5.1.1.2 IVD Consumables
5.1.2 Diagnostic Imaging Devices
5.1.3 Cardiovascular Devices
5.1.4 Drug Delivery Devices
5.1.4.1 Syringes
5.1.4.2 Pen Injectors
5.1.4.3 Others
5.1.5 Endoscopy Devices
5.1.6 Ophthalmology Devices
5.1.7 Orthopedic Devices
5.1.8 Dental Devices
5.1.9 Other Devices
5.2 By Service
5.2.1 Device Development and Manufacturing Service
5.2.1.1 Device Engineering Service
5.2.1.2 Process Development Service
5.2.1.3 Device Manufacturing Service
5.2.2 Quality Management Service
5.2.2.1 Inspection & Testing Service
5.2.2.2 Packaging Validation Service
5.2.3 Assembly Service
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Flex, Ltd.
6.1.2 Jabil Inc.
6.1.3 Synecco
6.1.4 Sanmina Corporation
6.1.5 Gerresheimer AG
6.1.6 Celestica Inc.
6.1.7 Nordson Corporation
6.1.8 Teleflex Incorporated
6.1.9 Integer Holdings Corporation
6.1.10 Nipro Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Flex, Ltd.
  • Jabil Inc.
  • Synecco
  • Sanmina Corporation
  • Gerresheimer AG
  • Celestica Inc.
  • Nordson Corporation
  • Teleflex Incorporated
  • Integer Holdings Corporation
  • Nipro Corporation
Note: Product cover images may vary from those shown
5 of 5

Loading
LOADING...

Adroll
adroll