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Medical Devices Outsourcing Market, by Product, by Device Type, by Application, by Services, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

  • ID: 5328170
  • Report
  • March 2022
  • Region: Global
  • 154 Pages
  • Coherent Market Insights Pvt Ltd.
UP TO OFF until Jul 31st 2022

FEATURED COMPANIES

  • Accellent Inc.
  • Cadence Inc.
  • Eurofins Scientific
  • IQVIA
  • SGS SA
  • TüvSüd AG
Medical device outsourcing is contracting with the third party for the product designing, manufacturing, packaging, validation, and prototyping of medical devices. Medical device outsourcing helps both manufacturer and the supply chain. It permits the original equipment manufacturers to focus on their primary operations, such as marketing and product innovation. It also helps in reducing the overall cost and time to enter the market. Companies can save up 10-15% on production by outsourcing their products. Overall medical device outsourcing provides benefits such as early product launch into the market, reduced manufacturing time, and quality check approvals to match regulatory criteria.



Global medical devices outsourcing market is propelled by the increasing needs for quality healthcare services. Medical device manufacturers are majorly dependent on innovation as the product life cycles are short and increasing buyer awareness levels has forced manufacturers to adhere to business strategies involving persistent R&D investments and innovative product launch. Medical device Original Equipment Manufacturers (OEMs), adhering to outsourcing services as a cost effective curbing tool. Moreover, medical outsourcing services have benefited the OEMs by reducing cost and time as the medical device market has gained high competitiveness in the previous couple of years.

The rising geriatric population and their susceptibility to diseases is the vital factor that is propelling the market growth. For instance, according to the U.S census Bureau, there were more than 54 million citizens 65 years and older.

Market Dynamics


The rising research and development activities for the development of novel technologies, and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnerships, and collaborations by key players operating in the market are the major factors that are expected to drive growth of the global medical device outsourcing market over the forecast period.

For instance, according to National Center for Biotechnology Information (NCBI), article published in April 2018, over one million cardiac pacemakers are published every year globally. Out of which 200,000 are implanted in the U.S alone.

Key features of the study:

  • This report provides in-depth analysis of the global medical devices outsourcing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global medical devices outsourcing market based on the following parameters - company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include SGS SA, Intertek Group PLC, Wuxi Apptec, TüvSüd AG, Toxikon, INC., American Preclinical Services, Eurofins Scientific, Sterigenics International LLC, Pace Analytical Services LLC., Charles River Laboratories International, Inc., North American Science Associates, Inc., IQVIA, Accellent Inc., Celestica Inc., Benchmark Electronic Inc., Cadence Inc., Providien LLC, Thermo Fischer Scientific Inc., and West Pharmaceuticals Services Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global medical devices outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical devices outsourcing market

Detailed Segmentation:


Global Medical Devices Outsourcing Market, By Product:

  • Finished Goods
  • Electronics
  • Raw Material

Global Medical Devices Outsourcing Market, By Device Type:

  • Class I Devices
  • Class II Devices
  • Class III Devices

Global Medical Devices Outsourcing Market, By Application:

  • Orthopedics and Spine
  • Cardiovascular
  • Radiology
  • General Medical Devices
  • Others

Global Medical Devices Outsourcing Market, By Services:

  • Prototype Development
  • Finished Device Manufacturing
  • Assembly & Packaging
  • Testing & Regulatory Support Services

Global Medical Devices Outsourcing Market, By Region:

  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • Central Africa
  • North Africa

Company Profiles

  • SGS SA
  • Company Overview
  • Material Portfolio
  • Financial Performance
  • Key Highlights
  • Market Strategies
  • Intertek Group PLC
  • Wuxi Apptec
  • TüvSüd AG
  • Toxikon, INC
  • American Preclinical Services
  • Eurofins Scientific
  • Sterigenics International LLC
  • Pace Analytical Services LLC
  • Charles River Laboratories International, Inc.
  • North American Science Associates, Inc.
  • IQVIA
  • Accellent Inc.
  • Celestica Inc.
  • Benchmark Electronic Inc.
  • Cadence Inc.
  • Providien LLC
  • Thermo Fischer Scientific Inc.
  • West Pharmaceuticals Services Inc.
Frequently Asked Questions about the Medical Devices Outsourcing Market

What is the estimated value of the Medical Devices Outsourcing Market?

The Medical Devices Outsourcing Market was estimated to be valued at $56687.9 Million in 2021.

What is the growth rate of the Medical Devices Outsourcing Market?

The growth rate of the Medical Devices Outsourcing Market is 12.4%, with an estimated value of $128758.5 Million by 2028.

What is the forecasted size of the Medical Devices Outsourcing Market?

The Medical Devices Outsourcing Market is estimated to be worth $128758.5 Million by 2028.

Who are the key companies in the Medical Devices Outsourcing Market?

Key companies in the Medical Devices Outsourcing Market include SGS SA, Intertek Group PLC, Wuxi Apptec, TüvSüd AG, Toxikon, INC, American Preclinical Services, Eurofins Scientific, Sterigenics International LLC and Charles River Laboratories International, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accellent Inc.
  • Cadence Inc.
  • Eurofins Scientific
  • IQVIA
  • SGS SA
  • TüvSüd AG

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snippet, By Product
  • Market Snippet, By Device Type
  • Market Snippet, By Application
  • Market Snippet, By Services
  • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Restraints
  • Market Opportunities
  • Impact Analysis
  • Pipeline Analysis
  • PEST Analysis
  • Regulatory Scenario
  • Market Trends
  • Key Highlights
  • Reimbursement Scenario
  • Mergers & Acquisitions

4. Global Medical Devices Outsourcing Market - Impact of Coronavirus (COVID-19) Pandemic
  • Economic Impact
  • Government Initiatives
  • Impact on Supply and Demand

5. Global Medical Device Outsourcing Market, By Product, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2018 - 2028
  • Segment Trends
  • Finished Goods
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Electronics
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Raw Material
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

6. Global Medical Device Outsourcing Market, By Device Type, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2018 - 2028
  • Segment Trends
  • Class I Devices
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Class II Devices
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Class III Devices
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

7. Global Medical Device Outsourcing Market, By Application, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2018 - 2028
  • Segment Trends
  • Orthopedics and Spine
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Cardiovascular
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Radiology
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • General Medical Devices
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

8. Global Medical Device Outsourcing Market, By Services, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2018 - 2028
  • Segment Trends
  • Prototype Development
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Finished Device Manufacturing
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Assembly & Packaging
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Testing & Regulatory Support Services
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

9. Global Medical Device Outsourcing Market, By Region, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, By Region, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, For Regions, 2018-2028
  • North America
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
  • U.S.
  • Canada
  • Latin America
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Europe
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
  • GCC
  • Israel
  • Rest of Middle East
  • Africa
  • Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, By Region/Country, 2017 - 2028, (US$ Mn)
  • South Africa
  • Central Africa
  • North Africa

10. Competitive Landscape
  • Heat Map Analysis
  • Market Share Analysis
  • SGS SA
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Intertek Group PLC
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Wuxi Apptec
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • TüvSüd AG
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Toxikon, INC
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • American Preclinical Services
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Eurofins Scientific
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Sterigenics International LLC
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Pace Analytical Services LLC
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Charles River Laboratories International, Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • North American Science Associates, Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • IQVIA
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Accellent Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Celestica Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Benchmark Electronic Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Cadence Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Providien LLC
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Thermo Fischer Scientific Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • West Pharmaceuticals Services Inc.
  • Company Overview
  • Product Portfolio
  • Financial Overview
  • Key Highlights
  • Market Strategies
  • Analyst Views

11. Section
  • References
  • Research Methodology
  • About the publisher and Sales Contact
Note: Product cover images may vary from those shown
  • SGS SA
  • Intertek Group PLC
  • Wuxi Apptec
  • TüvSüd AG
  • Toxikon, INC
  • American Preclinical Services
  • Eurofins Scientific
  • Sterigenics International LLC
  • Pace Analytical Services LLC
  • Charles River Laboratories International, Inc.
  • North American Science Associates, Inc.
  • IQVIA
  • Accellent Inc.
  • Celestica Inc.
  • Benchmark Electronic Inc.
  • Cadence Inc.
  • Providien LLC
  • Thermo Fischer Scientific Inc.
  • West Pharmaceuticals Services Inc.
Note: Product cover images may vary from those shown