Outsourcing in the medical device manufacturing industry is mainly carried out to overcome challenges of costs, product innovations, time taken to market the products, as well as challenges associated with obtaining regulatory approval. Outsourcing partners help medical device manufacturers to overcome these challenges by offering expertise in product design, regulatory consulting, testing and validation, product implementation and strategic consulting services. Outsourcing of medical devices services in the early phase of its product lifecycle with Class II and Class III medical devices represents more than 90% of the total services outsourcing market for medical devices. The global medical devices outsourcing market is considered dynamic owing to high profit margins and increasing demand for advanced medical devices. Growing competition from low cost Asian manufacturers, and increasing use of electronics in medical devices are increasing the demand for medical devices outsourcing services among North American and European companies.
The global medical devices outsourcing market report provides market size (Revenue USD Million 2014 to 2021), market share and forecasts growth trends (CAGR%, 2017 to 2021).
The global medical devices outsourcing market segmentation is based on product types (class I medical devices, class II medical devices, class III medical devices), and service types (device design and development, device implementation, device maintenance, device testing, device upgrade, regulatory services).
The global medical devices outsourcing market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments. The global medical devices outsourcing market research report is divided by geography (regional and country based) into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World.
Major players operating in the global medical devices outsourcing market and included in this report are Accellent Inc., Active Implants Corporation, Avail Medical Product, Cirtec Medical Systems LLC, Creganna-Tactx Medical, Mdmi Technologies Inc., and Micro Systems Engineering GmbH.