Medical Device Outsourcing Market Is Rising to a Valuation of 193.53 billion by 2025 with CAGR of 10.80 % | Worldwide Key Players (SGS, Toxikon, Cornerstone, Eurofins Scientific )

This report provides in depth study of “MEDICAL DEVICE OUTSOURCING Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The MEDICAL DEVICE OUTSOURCING Market report also provides an in-depth survey of key players in the market organization.

Global Medical Device Outsourcing Market Overview:

As per the projections of the Market Analyst, The Global Medical Device Outsourcing market was valued at USD 85.2 billion in 2017 and is expected to reach 193.53 billion by 2025 at a Compound Annual Growth Rate (CAGR) more than more than 10.80 % over the forecast period 2018-2025.

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Rising competition among manufacturers is leading to development of products at lower cost. This is positively influencing the growth of the market. Changing regulatory landscape and growing inclination towards outsourcing services such as regulatory consulting, quality assurance, and product implementation are anticipated to augment the market during the forecast period. Also rowing complexities in product engineering coupled with increasing number of new entrants are estimated to shape the future of the market.

Rising prevalence of chronic disorders is escalating the demand for medical devices. This, in turn, is working in favor of the market. In recent time the market for outsourcing witnesses a huge increase owing to the benefits, which include reduction in overall cost and decrease in the time required for the product to enter into the market. In addition, outsourcing also allows the companies to focus on their core activities such as marketing of the product or device.

Global Medical Device Outsourcing Market is segmented based on Services, Application.

On the Basis of Services, The Medical Device Outsourcing Market Splits into Quality Assurance, Regulatory Affair Services, Product Design Development, Product Testing and Sterilization, Product Implementation, Product Upgrade, Product Maintenance, Contract Manufacturing

On the Basis of Application, Cardiology, Diagnostic Imaging, Orthopaedic, IVD, Ophthalmic, General and Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care

Regionally, Asia-Pacific offers lucrative opportunities for the market growth, owing to presence of large pool of patients suffering from disorders, such as cardiac and neurological. In addition, most of the medical device companies opt to manufacture their devices in Asia, which is primarily attributed to the low labor costs, improvement in technical knowledge, and low overhead costs. Thus, all these factors cumulatively have increased the outsourcing market in Asia.

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The market is segmented and projected on the basis of major key player’s:

New product launches and continuous technological innovations are the key strategies adopted by the major players.

1 SGS

2 Toxikon

3 Cornerstone

4 Eurofins Scientific

5 Pace Analytical Services LLC

6 Intertek Group

7 Wuxi App-Tec and More………

The Market is segmented and projected on the basis of major Region Segmentation

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Rest of the world

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Key Questions Answered in this Report:

1 What will the market size be in 2025?

2 What are the key factors driving the Medical Device Outsourcing Market?

3 What are the challenges to market growth?

4 Who are the key players in Medical Device Outsourcing Market?

5 What are the market opportunities and threats faced by the key players?

TABLE OF CONTENTS

1 Global Medical Device Outsourcing Market Definition and Scope

2 Research Methodology

3 Executive Summary

4 Global Medical Device Outsourcing Market Dynamics

5 Global Medical Device Outsourcing Market, By Services

6 Global Medical Device Outsourcing Market, By Application

7 Global Medical Device Outsourcing Market, By End User

8 Global Medical Device Outsourcing Market, by Regional Analysis

9 Competitive Intelligence

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