by According to Precedence Research, during the forecast period of 2021 to 2030, the global medical device contract manufacturing market is estimated to develop at a compound annual growth rate (CAGR) of 10.9%. The global medical device contract manufacturing market was valued at USD 65.81 billion in 2021, and it is predicted to exceed USD 167.34 billion by 2030. The study investigates several elements and their consequences on the growth of the medical device contract manufacturing market.
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Growth Factor
The global medical device contract manufacturing market is driven by advancements in healthcare, medical, and biomedical technology, as well as the increasing expansion and development of skilled and technologically superior healthcare infrastructure and medical facilities.
The increased global demand for efficient and technologically advanced medical equipment, as well as rising demand for complex and affordable medical devices is some of the key factors driving the growth of the global medical device contract manufacturing market. The rising prevalence of chronic disorders and the growing elderly population are propelling the market for medical device contract manufacturing forward.
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This report focuses on medical device contract manufacturing market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall medical device contract manufacturing market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Report Highlights
- Based on device type, the IVD segment is expected to grow at a rapid pace during the forecast period, and it currently holds the greatest market share. This is attributed to improved awareness among women and quick technological improvements in IVD testing devices, which have now been made simple to use and increasingly available to the general public.
- Based on service, the device development and manufacturing is the largest segment, and it is predicted to increase at a faster rate than the other segments. This rapid expansion can be attributed to increased incentive-based systems implemented by governments around the world, which have resulted in an increase in expenditure on healthcare infrastructure.
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of medical device contract manufacturing, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of medical device contract manufacturing has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the medical device contract manufacturing market.
Some of the prominent players in the medical device contract manufacturing market include:
- Flex, Ltd.
- Nortech Systems, Inc.
- Sanmina Corporation
- Nipro Corporation
- Jabil Inc.
- Nemera Development S.A.
- TE Connectivity Ltd.
- Kimball Electronics, Inc.
- Viant Medical
- Celestica International Lp.
- Plexus Corp.
- SMC Ltd.
- Phillips-Medisize Corporation
- Benchmark Electronics Inc.
- Integer Holdings Corporation
- Gerresheimer AG
- Consort Medical PLC
- Tessy Plastics Corp
- Tecomet, Inc.
Segments Covered in the Report
By Device Type
- IVD Devices
- Drug Delivery Devices
- Diagnostic Imaging Devices
- Patient Monitoring Devices
- Therapeutic Patient Assistive Devices
- Minimally Access Surgical Instruments
- Others
By Service
- Device Development and Manufacturing Services
- Quality Management Services
- Final Goods Assembly Services
By Application
- Laparoscopy
- Pulmonary
- Urology & Gynecology
- Cardiovascular
- Orthopedic
- Oncology
- Neurovascular
- Radiology
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.
From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.
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