The government authorities have escalated funds for the research & development of essential devices, thus driving the market. Major companies have solely relied on contract manufacturers to ramp up the production of COVID-19-related medical components, such as test kits, ventilators, and respirators. The major reasons for outsourcing amid the COVID-19 crisis include a streamlined supply chain and cost efficiencies. The market has started to recover as the manufacturing of medical devices used for other diseases has commenced. Furthermore, the barriers are reduced leading to smooth import of supplies. The growing complexity in product engineering and an increasing number of small-sized manufacturers are also anticipated to contribute to the market growth.
The medical device industry has always been highly competitive and categories, such as coronary stents, orthopedic devices, and wound care, are moving towards maturity. As high-impact scientific innovation in the above categories is difficult to achieve and is a time-consuming process, smaller companies are gaining market share by offering low prices and introducing innovative business models. Due to the convergence of mounting challenges and changing market dynamics, many medical device manufacturers have opted for outsourcing business models to reduce cost, manage business risks, and improve service delivery. This factor is also expected to propel market growth over the forecast period.
U.S. Medical Device Outsourcing Market Report Highlights
- The contract manufacturing segment dominated the market in 2021 owing to the increased focus on decreasing the cost of production.
- The quality assurance services are projected to exhibit the fastest growth rate over the forecast period.
- This is due to the necessity of maintaining an effective quality management system, which has become an integral part of the production of every medical device.
- Mergers & acquisitions and capacity expansions are some of the common strategies adopted by companies to gain a competitive edge in the market.
- For instance, in February 2020, Teleflex acquired HPC Medical Products (HPC), a company involved in medical tubing and wire components. The acquisition will help Teleflex to strengthen its catheter contract manufacturing capabilities.
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What is the estimated value of the U.S. Medical Device Outsourcing Market?
What is the growth rate of the U.S. Medical Device Outsourcing Market?
What is the forecasted size of the U.S. Medical Device Outsourcing Market?
Who are the key companies in the U.S. Medical Device Outsourcing Market?
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
126.96.36.199 Data For Primary Interviews In U.S.
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.5.1 Model Details
1.5.2 Commodity Flow Analysis (Model 1)
188.8.131.52 Approach 1: Commodity Flow Approach
1.5.3 Volume Price Analysis (Model 2)
184.108.40.206 Approach 2: Volume Price Analysis
1.6 List Of Secondary Sources
1.7.1 Objective 1
1.7.2 Objective 2
3.1.1 Market Driver Analysis
220.127.116.11 Changing Regulatory Landscape
18.104.22.168 Rising Demand For The Advanced Products
22.214.171.124 Implementation Of The International Standards By The Contract Manufacturers
126.96.36.199 Rising Price Competition And The Requirement To Reduce Cost
188.8.131.52 Increasing Complexity With Respect To Product Design And Engineering
3.1.2 Market Restraint Analysis
184.108.40.206 Compliance Issues While Outsourcing
220.127.116.11 Contractual Obligation
3.1.3 Industry Challenges
18.104.22.168 Managing Relationships
3.1.4 Impact Of Covid-19 Pandemic
22.214.171.124 Impact On The U.S. Medical Device Outsourcing Market
126.96.36.199 Impact On Supply Chain
188.8.131.52 After Effect Of The Pandemic
184.108.40.206 Impact Analysis
3.2 U.S. Medical Devices Outsourcing Market Analysis Tools
3.2.1 Industry Analysis-Porter’s
3.2.2 Pestel Analysis
4.2 Services Market Share Analysis
4.3 Segment Dashboard
4.4 Quality Assurance Services
4.4.1 Quality Assurance Services Market Estimates And Forecast, 2018-2030
4.5 Regulatory Consulting Services
4.5.1 Regulatory Consulting Services Market, 2018-2030 (USD Million)
4.5.2 Clinical Trial Application And Product Registration
220.127.116.11 Clinical Trial Application And Product Registration Market, 2018-2030 (USD Million)
4.5.3 Regulatory Writing And Publishing
18.104.22.168 Regulatory Writing And Publishing Market, 2018-2030 (USD Million)
4.5.4 Legal Representation
22.214.171.124 Legal Representation Market, 2018-2030 (USD Million)
4.5.5 Other Regulatory Affairs Services
126.96.36.199 Other Regulatory Affairs Service Market, 2018-2030 (USD Million)
4.6 Product Design And Development
4.6.1 Product Design And Development Services Market, 2018-2030 (USD Million)
4.6.2 Designing And Engineering
188.8.131.52 Designing And Engineering Market, 2018-2030 (USD Million)
184.108.40.206 Machining Market, 2018-2030 (USD Million)
220.127.116.11 Molding Market, 2018-2030 (USD Million)
18.104.22.168 Packaging Market, 2018-2030 (USD Million)
4.7 Product Testing And Sterilization
4.7.1 Product Testing And Sterilization Market, 2018-2030 (USD Million)
4.8 Product Implementation
4.8.1 Product Implementation Market, 2018-2030 (USD Million)
4.9 Product Upgrade
4.9.1 Product Upgrade Market, 2018-2030 (USD Million)
4.10 Product Maintenance
4.10.1 Product Maintenance Market, 2018-2030 (USD Million)
4.11 Contract Manufacturing
4.11.1 Contract Manufacturing Market, 2018-2030 (USD Million)
4.11.2 Accessories Manufacturing
22.214.171.124 Accessories Manufacturing Market, 2018-2030 (USD Million)
4.11.3 Assembly Manufacturing
126.96.36.199 Assembly Manufacturing Market, 2018-2030 (USD Million)
4.11.4 Component Manufacturing
188.8.131.52 Component Manufacturing Market, 2018-2030 (USD Million)
4.11.5 Device Manufacturing
184.108.40.206 Device Manufacturing Market, 2018-2030 (USD Million)
5.1.1 INTEGER HOLDINGS CORPORATION
220.127.116.11 Company overview
18.104.22.168 Financial performance
22.214.171.124 Product benchmarking
126.96.36.199 Strategic initiatives
5.1.2 AVAIL MEDICAL PRODUCTS, INC
188.8.131.52 Company overview
184.108.40.206 Product benchmarking
220.127.116.11 strategic Initiatives
5.1.3 ACTIVE IMPLANTS
18.104.22.168 Product benchmarking
22.214.171.124 strategic Initiatives
5.1.4 OMNICA CORPORATION
126.96.36.199 Product Benchmarking
5.1.5 TELEFLEX INCORPORATED
188.8.131.52 Company overview
184.108.40.206 financial performance
220.127.116.11 Product benchmarking
18.104.22.168 Strategic initiatives
5.1.6 KINETIC CLIMAX INC.
22.214.171.124 Company overview
126.96.36.199 Product benchmarking
188.8.131.52 Strategic initiatives
5.1.7 CANTEL MEDICAL CORP.
184.108.40.206 Company Overview
220.127.116.11 Financial Performance
18.104.22.168 Product Benchmarking
22.214.171.124 Strategic Initiatives
5.1.8 ACCELLENT INC.
126.96.36.199 Company Overview
188.8.131.52 Financial Performance
184.108.40.206 Product Benchmarking
220.127.116.11 Strategic Initiatives
5.1.9 ACTIVE IMPLANTS CORPORATION LLC
18.104.22.168 Company Overview
22.214.171.124 Financial Performance
126.96.36.199 Product Benchmarking
188.8.131.52 Strategic Initiatives
5.1.11 MDMI TECHNOLOGIES INC.
184.108.40.206 Company Overview
220.127.116.11 Financial Performance
18.104.22.168 Product Benchmarking
22.214.171.124 Strategic Initiatives
Table 2 List of Abbreviation
Table 3 U.S. Medical Device Outsourcing Market, by Services, 2018-2030 (USD Million)
Table 4 U.S. Regulatory Consulting Market, by Services, 2018-2030 (USD Million)
Table 5 U.S. Design and Development Market, by Services, 2018-2030 (USD Million)
Table 6 U.S. Medical Devices Contract Manufacturing Outsourcing Market, by Services, 2018-2030 (USD Million)
Fig. 2 Data triangulation technique
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in U.S.
Fig. 5 Market research approaches
Fig. 6 QFD modeling for market share assessment
Fig. 7 U.S. medical devices outsourcing market: Market outlook (2021)
Fig. 8 U.S. medical devices outsourcing market Driver impact
Fig. 9 Current shared services and outsourcing usage levels
Fig. 10 U.S. Medical devices outsourcing market Restraint Impact
Fig. 11 Porter’s five forces analysis
Fig. 12 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 13 U.S. medical devices outsourcing market: Services movement analysis
Fig. 14 U.S. medical devices outsourcing market: Services outlook and key takeaways
Fig. 15 Quality assurance services market estimates and forecast, 2018 - 2030
Fig. 16 Regulatory affairs services market, 2018 - 2030 (USD Million)
Fig. 17 Stages of review of PMA devices
Fig. 18 Clinical trial application and product registration market, 2018 - 2030 (USD Million)
Fig. 19 Regulatory writing and publishing market, 2018 - 2030 (USD Million)
Fig. 20 Legal representation market, 2018 - 2030 (USD Million)
Fig. 21 Others market, 2018 - 2030 (USD Million)
Fig. 22 Product design and development services market, 2018 - 2030 (USD Million)
Fig. 23 Designing and engineering market, 2018 - 2030 (USD Million)
Fig. 24 Machining market, 2018 - 2030 (USD Million)
Fig. 25 Molding market, 2018 - 2030 (USD Million)
Fig. 26 Packaging market, 2018 - 2030 (USD Million)
Fig. 27 Product testing and sterilization market, 2018 - 2030 (USD Million)
Fig. 28 Product implementation market, 2018 - 2030 (USD Million)
Fig. 29 Product upgrade market, 2018 - 2030 (USD Million)
Fig. 30 Product maintenance market, 2018 - 2030 (USD Million)
Fig. 31 Contract manufacturing market, 2018 - 2030 (USD Million)
Fig. 32 Accessories manufacturing market, 2018 - 2030 (USD Million)
Fig. 33 Accessories manufacturing market, 2018 - 2030 (USD Million)
Fig. 34 Component manufacturing market, 2018 - 2030 (USD Million)
Fig. 35 Device manufacturing market, 2018 - 2030 (USD Million)
- Integer Holdings Corporation
- Avail Medical Products, Inc
- Active Implants
- Omnica Corporation
- Teleflex Incorporated
- Kinetic Climax Inc.
- Cantel Medical Corp.
- Accellent Inc.
- Active Implants Corporation LLC
- Mdmi Technologies Inc.