Medical Device Contract Manufacturing Market: Global Industry Size, Share, Development, Growth and Demand Forecast 2026

13/ago/2020 15:30:33 Vidhyanigam98 Contatta l'autore

Questo comunicato è stato pubblicato più di 30 giorni fa. Le informazioni su questa pagina potrebbero non essere attendibili.

Bharat Book Bureau Provides the Trending Market Research Report on “Medical Device Contract Manufacturing Global Market - Forecast to 2026”under Medical Devices Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Medical Device Contract Manufacturing Market is a business model in which a medical device company outsources certain or the whole production activities of their whole medical device or certain components of the device to another company with specialized knowledge, technical expertise and efficient business operations. The services offered by the medical device contract manufacturers (MDCMs) consist of product design and development, product manufacturing and assembly, quality testing services, packaging and sterilization services and regulatory consulting services.

Today’s contract manufacturers, in response to the rapidly growing and evolving medical device industry, have broadened their manufacturing capabilities, technological expertise and business definitions to transform themselves into ‘total solutions provider’ or ‘full-service provider’ or ‘end to end solution provider’ or ‘one-stop shopping destination’. Increasing pressure of healthcare cost curbs on medical device companies, the need to reduce time to market, to manufacture competitively advantageous and distinct products at a reduced cost, to streamline in-house processes and focus more on critical business areas or competencies and gaining access to advanced technologies are fuelling the growth in medical device contract manufacturing market.

Request a free sample copy Medical Device Contract Manufacturing Market Report @
https://www.bharatbook.com/marketreports/sample/reports/2007842

Medical Device Contract Manufacturing Market - Bharat Book Bureau

The medical device contract manufacturing global market is expected to reach $97,239.4 million by 2026 growing at a high single digit CAGR from 2019 to 2026 due to increasing prevalence of chronic and infectious diseases, advanced manufacturing capabilities of contract manufacturers, rapidly increasing geriatric population, favorable reimbursement scenario in major markets, technological innovations in medical devices, increase in the number of surgical procedures and hospitalizations, ever-changing regulatory landscape, growing economies and increasing demand for better healthcare facilities in emerging markets. The medical device contract manufacturing market is segmented by device type, service, product, application and geography.

Based on the device type, the medical device contract manufacturing global market is segmented into Electronic Medical Device Contract Manufacturing and Non-Electronic Medical Device Contract Manufacturing. Electronic Medical Device Contract Manufacturing segment accounted for the largest revenue in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026. Non-Electronic Medical Device Contract Manufacturing segment is expected to grow at a mid single digit CAGR from 2019 to 2026.

Based on the service type, the medical device contract manufacturing global market is segmented into Product Design and Development service, Product Manufacturing and Assembly service, Quality Testing service, Packaging & Sterilization service and Regulatory Consulting service. Among these services, Product Manufacturing and Assembly service is the largest and fastest growing service segment. It accounted for the largest revenue in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026.

Based on the product type, the medical device contract manufacturing global market is segmented into Diagnostic and Monitoring Devices, Therapeutic Devices, Drug Delivery Devices and Others (Surgical devices and tools). Among these products, Therapeutic Devices holds the largest revenue in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026.

Based on the application, the medical device contract manufacturing global market is segmented into Cardiology, Diagnostic Imaging, Orthopedic, Endoscopy, Dental, Diabetes Care, Wound Management, Nephrology, in-vitro diagnostics (IVD), Respiratory and others (Surgical devices and tools). Among these, the in-vitro diagnostics (IVD) segment accounted for the largest revenue in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026. Cardiology is the fastest growing application segment in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026 due to increasing cardiovascular disease burden throughout the world.

Based on the region, the medical device contract manufacturing global market is segmented into North America (U.S. and Rest of North America), Europe (Germany, France, U.K and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of APAC) and Rest of the world (Brazil, Rest of Latin America and Middle East & Africa). North America accounted for the largest revenue in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026 due to increasing prevalence of chronic and lifestyle diseases there, huge investments and researches in the medical device field, increasing demand for technologically advanced innovative healthcare devices, increasing healthcare expenditure, increasing investments on sophisticated infrastructures and enhanced manufacturing capabilities of the contract manufacturers and availability of a large pool of technical expertise.

The Asia-Pacific is the fastest growing region in medical device contract manufacturing market in 2019 and is expected to grow at a high single digit CAGR from 2019 to 2026 due to increasing incidence of chronic and infectious diseases, increasing income and affordability of the population, increasing healthcare awareness and public spending in healthcare, increasing private investment in healthcare sector, increasing penetration of health insurance schemes, innovations promoted by public-private partnership (PPP), high geriatric population, government initiatives for the promotion of medical device industry, increase in the number of surgeries and hospitalizations, growing demand for better healthcare facilities, increasing adoption of implantable devices, high acceptance of technological advancements, huge manufacturing facilities and low-cost labor.

The medical device contract manufacturing global market is highly fragmented without a dominant major player in the market that offers huge opportunities for small and medium-sized companies with distinct products or services in the market. The top ten players occupy minimum market share and the majority of the market is occupied by other players. Some of the major players in medical device contract manufacturing market include Flex (Singapore), Jabil (U.S.), Integer Holdings (U.S.), Celestica (Canada), Sanmina (U.S.), Plexus (U.S.), Gerresheimer (Germany), Molex (U.S.), Tecomet (U.S.), West Pharmaceuticals (U.S), Benchmark Electronics (U.S.), Orchid Orthopedic Solutions (U.S.) and TE Connectivity (Switzerland).

Browse our full report with Table of Content : https://www.bharatbook.com/marketreports/medical-device-contract-manufacturing-global-market-forecast-to-2026/2007842

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl