Medical device contract manufacturing is a type of outsourcing that involves the construction of finished products or, in some instances, a single element of a larger product, from low-volume prototypes to high-volume production. Generally, companies have the tendency to concentrate on a particular sphere of expertise, such as joining, converting, casting and molding, assembly, and R&D design. E.g. the manufacturing and assembly expertise serves multiple medical product specialties such as interventional products with pushing technology limits to help launching novel cardiac balloon catheter, surgical technologies with novel planetary extrusion cutter to reduce manufacturing time and improves quality, or single-use devices with multilayer tubing that solves redesign challenges for cardiovascular device. The medical device industry benefits from multiple attractive long-term trends, including aging population and longer life expectations, and greater demand for healthcare services. Original Equipment Manufacturers (OEMs) are increasingly seeking to outsource manufacturing for a number of reasons such as OEM focus on core competencies, OEM margin pressure, technological advancements, new product development, market growth outpacing capacity expansion, shorter product lifecycles, and faster time to market.
The global medical device contract manufacturing market segmentation is based on product type (raw materials or components, finished goods or product, electronic manufacturing), and device type (Class I, Class II, Class III).
The global medical device contract manufacturing market report provides market size (Revenue USD Million 2014 to 2021), market share, trends and forecasts growth trends (CAGR%, 2017 to 2021). The global medical device contract manufacturing market research report is further segmented by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA), and Rest of the World. The global medical device contract manufacturing market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and also tracks the major competitors operating in the market by company overview, financial snapshot, key products, technologies and services offered, market share analysis and recent trends in the global market.
Major players operating in the global medical device contract manufacturing market and profiled in this report include Benchmark Electronics, Inc., Celestica, Creganna Medical, Flextronics, Greatbatch, Inc., Jabil Circuit, Nortech Systems, Inc., Phillips Plastics Corporation, RTI International Metals, Inc., Sanmina Corporation, Specialty Surgical Instrumentation, Inc., Symmetry Medical Inc., Tecomet, Inc., Vention Medical, and West Pharmaceutical Services, Inc.