12-07-2018 10:50 AM CET - Health & Medicine

Medical Device Outsourcing Market Outlook to 2027 - Integer Holdings, Micro Systems Technologies, Creganna, FLEX, Heraeus Holding, Nortech, Sanmina, General Electric Company, Sterigenics International and Omnica

Press release from: Premium Market Insights
Medical Device Outsourcing Market
Medical Device Outsourcing Market

Medical device outsourcing is the process of contracting a product or a process to a third party for conducting activities such as, prototyping, product designing, manufacturing, and supply chain management. Outsourcing includes both domestic as well as internal contracting and also includes relocating a particular business process or a service. Outsourcing is known to offer benefits such as, reduced costs and better operational margins, ability to focus on core competencies, and access to advanced technology, expertise as well as insights.

Increasing pressure on the manufacturers to reduce the cost associated with the manufacturing processes as well as the rising prevalence of chronic diseases is expected to drive the demand for medical devices. In addition, large number of consolidations in the medical device industry is expected to offer adequate growth opportunities for the players operating in the medical device outsourcing market.

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Leading Medical Device Outsourcing Market Players:

1. Integer Holdings Corporation
2. Micro Systems Technologies
3. Creganna
5. Heraeus Holding
6. Nortech
7. Sanmina Corporation
8. General Electric Company
9. Sterigenics International LLC
10. Omnica Corporation

The "Global Medical Device Outsourcing Market Analysis to 2027" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global medical device outsourcing market with detailed market segmentation by service, application and geography. The global medical device outsourcing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global medical device outsourcing market is segmented on the basis of service and application. Based on service, the medical device outsourcing market is segmented as, product design and development services, product testing & sterilization services, product upgrade services, product maintenance services, regulatory consulting services, and other services. On the basis of application, the global medical device outsourcing market is classified as, class I medical devices, class II medical devices and class III medical devices.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical device outsourcing market based on service and application. It also provides market size and forecast till 2027 for overall medical device outsourcing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical device outsourcing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

Asia Pacific dominated the medical device outsourcing market, since various global players prefer the Asian countries for outsourcing, due to availability of low cost labor and improvised manufacturing facilities. The presence of various large manufacturing companies as well as large number of merger and acquisition activities in North America is anticipated to fuel the growth of the market at a significant rate during the forecast period.

The report analyzes factors affecting medical device outsourcing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

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The report also includes the profiles of key medical device outsourcing manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the medical device outsourcing market include, Integer Holdings Corporation, Micro Systems Technologies, Creganna, FLEX LTD., Heraeus Holding, Nortech, Sanmina Corporation, General Electric Company, Sterigenics International LLC, and Omnica Corporation among others.

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