Global MedTech CMO market valued at $53.6 billion (2021), is growing at a 5% CAGR - Leading Market Players are Jabil, Flex, Integer, Tecomet, TE Connectivity, Gerresheimer

The global MedTech CMO market is growing a bit ahead of the underlying growth in the MedTech market as a result of increased outsourcing by OEMs and higher growth rates in healthcare segments such as Drug delivery and Minimally Invasive Surgery.

Medi-Tech Insight's latest report on global MedTech CMO market analyses the global market with respect to end-market segments, geography, application, end-users, technology and materials.

Based on our research, the MedTech CMO market can be segmented into multiple end-market related segments such as
Orthopaedics, MIS, Cardiovascular, Surgical instruments, In-Vitro Diagnostics and other end-market segments. While segments such as Orthopaedics are mature in terms of level of outsourcing, growing application of robotics, single-use devices are causing a higher growth.

In terms of geography, United States followed by Germany, United Kingdom, Ireland, China, Malaysia and Singapore are some pf the major countries with large presence of MedTech CMO market. Metals and Polymers contribute to over 75% of the total value of MedTech CMO while injection molding, cutting and machining are the dominant manufacturing techniques used.

"Renewed focus on growth opportunities & freeing up cash to invest in new healthcare technologies is driving the decisions for outsourcing."- Sr. Director, Strategic Supply Chain, Top 5 MedTech Company

Post Covid-19 trends are Increased Focus on Resiliency of Supply Chains, Increased Outsourcing and Consolidation of Suppliers

Prior to the co-vid 19 pandemic, growing sophistication by CMOs has made large OEMs more comfortable to outsource the complete products - this trend is likely to continue in the upcoming years. However, OEMs are now increasingly looking at resiliency of their suppliers, their supply chains and potentially looking to consolidate the supplier base to build a healthy partnerships with few selected suppliers.

"Undoubtedly, Covid-19 pandemic has challenged both the OEMs and CDMOs. However, this impact is likely to be short-term and the fundamental trajectory of both the industries is projected to remain on track with long-term gains."- Exec VP, CFO, Leading US MedTech CMO

Competitive Landscape Analysis: MedTech CMO Market

The MedTech CMO market is highly fragmented with the presence of few established players and over 300 small and mid-size companies

Jabil, Flex Corporation, Integer Corporation, Tecomet, TE Connectivity, Gerresheimer are some of the established industry players operating in the global MedTech CMO market, capturing less than 25% of the market share. The MedTech CMO market is highly fragmented with presence of large number of regional/local small, mid-size companies operating in niche technologies or markets.

Leading Market Trends include End-to-End Services being offered and Specialization in Healthcare Technologies

Sophisticated MedTech CMOs are increasingly focused on offering a complete set of services from design, development to manufacturing and logistics/supply chain management to the OEMs. Design and development capabilities in areas like miniaturization of batteries, data/connectivity, IoT are highly valued by OEMs when looking for strategic partnerships with CMOs. Further, CMOs who have deep knowledge about the end-markets are well placed to spot the emerging trends, tools and technologies, in order to differentiate themselves from their competitors.

Get Detailed Insights on MedTech CMO Market with a Sample Report @ https://meditechinsights.com/medtech-cmo-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy.

This release was published on openPR.