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Global Medical Device Contract Manufacturing Market Size, Trends and Growth opportunity, By Device Type (IVD Devices, Drug Delivery Devices, Diagnostic Imaging Devices, Patient Monitoring Devices, and Others), By Service (Device Development and Manufacturing Services, Quality Management Services and Final Goods Assembly Services), By Application (Oncology, Neurovascular, Urology & Gynecology, Radiology Cardiovascular, Orthopedic, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.


Report ID : IR100976 | Industries : Healthcare | Published On :March 2024 | Page Count : 4

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  • Global Medical Device Contract Manufacturing Market Size, Trends and Growth opportunity, By Device Type (IVD Devices, Drug Delivery Devices, Diagnostic Imaging Devices, Patient Monitoring Devices, and Others), By Service (Device Development and Manufacturing Services, Quality Management Services and Final Goods Assembly Services), By Application (Oncology, Neurovascular, Urology & Gynecology, Radiology Cardiovascular, Orthopedic, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

     

    Global Medical Device Contract Manufacturing Market 
    The Global Medical Device Contract Manufacturing Market was valued at USD 69 billion in 2021 and is expected to reach USD 117.8 billion by 2027, at a CAGR 8.78% from 2022-2027.
    Medical Device Contract Manufacturing is defined as a process where a company that owns the idea (sole proprietorship) outsources manufacturing to another medical device manufacturing firm. The medical device contract manufacturing is used for the benefits of cost optimization, regulatory guidance, device upgrade, and expansion. It is the outsourcing of part of the manufacturing process of a product to a third-party.

     

    Market Drivers
    The increasing pressure of Original Equipment Manufacturers (OEMs) of medical devices to cut production costs is what is boosting the activity in the worldwide medical device contract manufacturing industry. 
    Furthermore, macroeconomic reasons for example, an aging global population and a rise in the use of minimally invasive surgery are driving demand for medical equipment and the global medical device contract manufacturing industry.

     

    Market Restraints
    The high cost of maintaining the medical device may increase, which can restrain the market's expansion overall throughout the projection period. The development of the medical device contract manufacturing unit is severely constrained by the excessive cost of medical devices and the high cost of equipment maintenance operations.

     

    Market Segmentation
    The Global Medical Device Contract Manufacturing Market is segmented into device type, service type, application type, and region.
    Based on the Device segment the market is segmented into; IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Endoscopy Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices, Other Devices.

     

    Regional Analysis
    The Global Medical Device Contract Manufacturing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    The North American region is expected to dominate the Medical Device Contract Manufacturing market. The growth of the region is mainly driven by increasing in-house manufacturing costs which encourages medical device firms to adopt contract manufacturing as cost-cutting measures. Further, presence of leading medical device players is expected to drive the U.S. medical device contract manufacturing market.

     

    Key Players
    Various key players are discussed into the Global Medical Device Contract Manufacturing Market Report including: West Pharmaceutical Services Inc., Flex Ltd., Integer Holdings Corporation, Sanmina Corporation, Celestica International Lp., Nordson Corporation., Plexus Corp., Benchmark Electronics Inc., TE Connectivity, Forefront Medical Technologies, Other key players)

     

    Market Taxonomy
    By Device Type

    •    IVD Devices
    •    Drug Delivery Devices
    •    Diagnostic Imaging Devices
    •    Patient Monitoring Devices
    •    Therapeutic Patient Assistive Devices
    •    Minimally Access Surgical Instruments
    •    Cardiovascular Devices
    •    Endoscopy Devices
    •    Ophthalmology Devices
    •    Orthopedic Devices
    •    Dental Devices
    •    Others
    By Service
    •    Device Development and Manufacturing Services
    •    Quality Management Services
    •    Final Goods Assembly Services
    •    Assembly Services
    By Application
    •    Laparoscopy
    •    Pulmonary
    •    Urology 
    •    Gynecology
    •    Cardiovascular
    •    Orthopedic
    •    Oncology
    •    Neurovascular
    •    Radiology
    •    Others
    By Region
    •    North America
    •    Latin America
    •    Europe
    •    Asia Pacific
    •    Middle East & Africa

    Global Medical Device Contract Manufacturing Market
    1 Introduction    
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Medical Device Contract Manufacturing Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Medical Device Contract Manufacturing Market, By Device Type 
    5.1 Y-o-Y Growth Comparison, By Device Type
    5.2 Global Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    5.3 Global Medical Device Contract Manufacturing Market Size and Forecast, By Device Type
    5.3.1 IVD Devices
    5.3.2 Drug Delivery Devices
    5.3.3 Diagnostic Imaging Devices
    5.3.4 Patient Monitoring Devices
    5.3.5 Therapeutic Patient Assistive Devices
    5.3.6 Minimally Access Surgical Instruments
    5.3.7 Cardiovascular Devices
    5.3.8 Endoscopy Devices
    5.3.9 Ophthalmology Devices
    5.3.10 Orthopedic Devices
    5.3.11 Dental Devices
    5.3.12 Others
    6 Global Medical Device Contract Manufacturing Market, By Service
    6.1 Y-o-Y Growth Comparison, By Service
    6.2 Global Medical Device Contract Manufacturing Market Share Analysis, By Service
    6.3 Global Medical Device Contract Manufacturing Market Size and Forecast, By Service
    6.3.1 Device Development and Manufacturing Services
    6.3.2 Quality Management Services
    6.3.3 Final Goods Assembly Services
    6.3.4 Assembly Services
    7 Global Medical Device Contract Manufacturing Market, By Application
    7.1 Y-o-Y Growth Comparison, By Application
    7.2 Global Medical Device Contract Manufacturing Market Share Analysis, Application
    7.3 Global Medical Device Contract Manufacturing Market Size and Forecast, By Application
    7.3.1 Laparoscopy
    7.3.2 Pulmonary
    7.3.3 Urology
    7.3.4 Gynecology
    7.3.5 Cardiovascular
    7.3.6 Orthopedic
    7.3.7 Oncology
    7.3.8 Neurovascular
    7.3.9 Radiology
    7.3.10 Others
    8 Global Medical Device Contract Manufacturing Market, By Region
    8.1 Global Medical Device Contract Manufacturing Market Share Analysis, By Region
    8.2 Global Medical Device Contract Manufacturing Market Share Analysis, By Region
    8.3 Global Medical Device Contract Manufacturing Market Size and Forecast, By Region
    9 North America Medical Device Contract Manufacturing Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    9.3 North America Medical Device Contract Manufacturing Market Share Analysis, By Service
    9.4 North America Medical Device Contract Manufacturing Market Size and Forecast, By Application
    9.5 North America Medical Device Contract Manufacturing Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Medical Device Contract Manufacturing Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    10.3 Europe Medical Device Contract Manufacturing Market Share Analysis, By Service
    10.4 Europe Medical Device Contract Manufacturing Market Size and Forecast, By Application
    10.5 Europe Medical Device Contract Manufacturing Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific Medical Device Contract Manufacturing Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    11.3 Asia Pacific Medical Device Contract Manufacturing Market Share Analysis, By Service
    11.4 Asia Pacific Medical Device Contract Manufacturing Market Size and Forecast, By Application
    11.5 Asia Pacific Medical Device Contract Manufacturing Market Size and Forecast, By Country
    11.5.1 China    
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia Pacific
    12 Latin America Medical Device Contract Manufacturing Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    12.3 Latin America Medical Device Contract Manufacturing Market Share Analysis, By Service
    12.4 Latin America Medical Device Contract Manufacturing Market Size and Forecast, By Application
    12.5 Latin America Medical Device Contract Manufacturing Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Medical Device Contract Manufacturing Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Medical Device Contract Manufacturing Market Share Analysis, By Device Type
    13.3 Middle East Medical Device Contract Manufacturing Market Share Analysis, By Service
    13.4 Middle East Medical Device Contract Manufacturing Market Size and Forecast, By Application
    13.5 Middle East Medical Device Contract Manufacturing Market Size and Forecast, By Country
    13.5.1 Saudi Arabia
    13.5.2 UAE
    13.5.3 Egypt
    13.5.4 Kuwait
    13.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 West Pharmaceutical Services Inc.
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Flex Ltd.
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.25 Key Market Developments
    15.2.6 Key Strategies
    15.3 Integer Holdings Corporation
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Sanmina Corporation
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Celestica International Lp
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Nordson Corporation
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Plexus Corp.
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies    
    15.8 Benchmark Electronics Inc.,
    15. 8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Benchmark Electronics Inc.
    15.9.1 Overview
    15.9.2 Offerings
    15.4.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 TE Connectivity
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies