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Global Medical Devices Outsourcing Market (2023-2028) by Product, Device Type, Applications, Services, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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    Report

  • 193 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5748800

Implantable Medical Devices (IMDs) are being used increasingly in order to improve patients’ health outcome

The Global Medical Devices Outsourcing Market is estimated to be USD 86.4 Bn in 2023 and is expected to reach USD 134.22 Bn by 2028, growing at a CAGR of 9.21%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Medical Devices Outsourcing Market is segmented based on Product, Device Type, Applications, Services, and Geography.
  • By Product, the market is classified into Finished Goods, Electronics, and Raw Materials.
  • By Device Type, the market is classified into Class I Devices, Class II Devices, and Class III Devices.
  • By Applications, the market is classified into Cardiology, Diagnostic Imaging, Orthopedic, IVD, Ophthalmic, General & Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care, and Others.
, - By Services, the market is classified into Quality Assurance, Product Design And Development, Product Testing And Sterilization, Product Implementation, Product Upgrade, Product Maintenance, and Contract Manufacturing.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Integer Holdings Corp., Intertek Group PLC, IQVIA Inc., Laboratory Corp. of America Holdings, North American Science Associates, LLC, Promedica International, Sterigenics U.S., LLC, WuXiAppTec, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Medical Devices Outsourcing Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Medical Devices Outsourcing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Medical Devices Outsourcing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Medical Devices Outsourcing Market

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

The Global Medical Devices Outsourcing Market was estimated to be valued at $86.4 Billion in 2023.

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

The growth rate of the Global Medical Devices Outsourcing Market is 9.2%, with an estimated value of $134.22 Billion by 2028.

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

The Global Medical Devices Outsourcing Market is estimated to be worth $134.22 Billion by 2028.

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

Key companies in the Global Medical Devices Outsourcing Market include Charles River Laboratories International, Inc., Emergo (UL LLC), Euro fins Scientific, Freyr Inc., ICON PLC, Integer Holdings Corp., Intertek Group PLC, IQVIA Inc., Laboratory Corp. of America Holdings and Medpace Holdings, Inc..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Off-Shoring Medical Device Manufacturing in the Emerging Economies
4.1.2 Rising Demand for the Advanced Products
4.1.3 Implementation of the International Standards by the Contract Manufacturers
4.2 Restraints
4.2.1 Stringent Regulatory and Legal Standards
4.3 Opportunities
4.3.1 Rising Price Competition and the Requirement to Reduce Cost
4.3.2 Increasing Complexity concerning Product Design and Engineering
4.4 Challenges
4.4.1 Compliance Issues while Outsourcing
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Medical Devices Outsourcing Market, By Product
6.1 Introduction
6.2 Finished Goods
6.3 Electronics
6.4 Raw Materials
7 Global Medical Devices Outsourcing Market, By Device Type
7.1 Introduction
7.2 Class I Devices
7.3 Class II Devices
7.4 Class III Devices
8 Global Medical Devices Outsourcing Market, By Applications
8.1 Introduction
8.2 Cardiology
8.3 Diagnostic Imaging
8.4 Orthopedic
8.5 IVD
8.6 Ophthalmic
8.7 General & Plastic Surgery
8.8 Drug Delivery
8.9 Dental
8.10 Endoscopy
8.11 Diabetes Care
8.12 Others
9 Global Medical Devices Outsourcing Market, By Services
9.1 Introduction
9.2 Quality Assurance
9.2.1 Regulatory Affairs Services
9.2.2 Clinical Trial Application And Product Registration
9.2.3 Regulatory Writing And Publishing
9.2.4 Legal Representation
9.2.5 Others
9.3 Product Design And Development
9.3.1 Designing And Engineering
9.3.2 Machining
9.3.3 Molding
9.3.4 Packaging
9.4 Product Testing And Sterilization
9.5 Product Implementation
9.6 Product Upgrade
9.7 Product Maintenance
9.8 Contract Manufacturing
9.8.1 Accessories Manufacturing
9.8.2 Assembly Manufacturing
9.8.3 Component Manufacturing
9.8.4 Device Manufacturing
10 Americas' Medical Devices Outsourcing Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe's Medical Devices Outsourcing Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa's Medical Devices Outsourcing Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC's Medical Devices Outsourcing Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Charles River Laboratories International, Inc.
15.2 Emergo (UL LLC)
15.3 Euro fins Scientific
15.4 Freyr Inc.
15.5 ICON PLC
15.6 Integer Holdings Corp.
15.7 Intertek Group PLC
15.8 IQVIA Inc.
15.9 Laboratory Corp. of America Holdings
15.10 Medpace Holdings, Inc.
15.11 North American Science Associates, LLC
15.12 PAREXEL International Corp.
15.13 Promedica International
15.14 SGS SA
15.15 Sterigenics U.S., LLC
15.16 WuXiAppTec
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • Charles River Laboratories International, Inc.
  • Emergo (UL LLC)
  • Euro fins Scientific
  • Freyr Inc.
  • ICON PLC
  • Integer Holdings Corp.
  • Intertek Group PLC
  • IQVIA Inc.
  • Laboratory Corp. of America Holdings
  • Medpace Holdings, Inc.
  • North American Science Associates, LLC
  • PAREXEL International Corp.
  • Promedica International
  • SGS SA
  • Sterigenics U.S., LLC
  • WuXiAppTec