Medical Device Contract Manufacturing Market Worth US$ 120.0 Billion by 2030 - COVID-19 Impact and Global Analysis by Business Market Insights

The Medical Device Contract Manufacturing market crossed the US$ 70.0 billion mark in 2022 and is expected to hit US$ 120.0 billion by 2030, recording a CAGR of 11.5% during the forecast period.

The rise in the incidences of chronic diseases, rising geriatric population, and enhancement in healthcare facilities are other factors driving the market growth. Further, technological progress has prompted end users to overhaul or update their manufacturing systems. In 2021, the Class II segment held the dominant share in the market mainly attributed to the various number of medical device available in this device class and their greater usage by end users in the healthcare domain.

Medical device contract manufacturing involves contracting a product or process to a third-party firm for various activities, including prototyping, manufacturing, product designing, and supply chain management. It offers multiple advantages, such as reduced costs, enhanced operational margins, the ability to focus on core competencies, and access to advanced technologies.

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The List of TOP KEY PLAYERS in Medical Device Contract Manufacturing Market Report are -

o Flextronics International, LTD.
o Jabil Inc.
o Benchmark Electronics, Inc.
o Integer Holdings Corporation (Greatbatch)
o West Pharmaceutical Services, Inc.
o Tecomet, Inc.
o Nortech Systems
o TE Connectivity (Creganna Medical)
o Forefront Medical Technologies
o Nordson Corporation

The report additionally focuses on world major leading industry players of this market providing information like company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. This report focuses on market trends, volume and value, regional level, and company level. This report represents the overall Medical Device Contract Manufacturing Market Size by analyzing historical information and future prospects till 2030.

The Medical Device Contract Manufacturing Market 2022 provides a complete assessment of the industry including definitions, classifications, applications, and industry chain structure, which is beneficial for companies regardless of their size and revenue. Medical Device Contract Manufacturing Market Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. For each manufacturer covered, the clients will find the report complete in all aspects as it covers all key components with valuable statistics and expert opinions in all regards. This section analyses region-wise revenue and volume for the forecast period till 2030.

In this report, the market has been segmented on the basis of:

• Device Type:
o In-vitro Diagnostic Medical Devices
o Drug Delivery Devices
o Patient Monitoring Devices
o Minimally Invasive Surgical Instruments
o Therapeutic Patient Assisstive Devices
o Others

• Class of Device:
o Class I
o Class II
o Class III

• Service:
o Prototype Development
o Finished Device Manufacturing
o Assembly and Packaging
o Testing and Regulatory Support Services
o Molding and Casting
o Others

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

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Recent strategic developments in the Medical device contract manufacturing market.
The Medical device contract manufacturing market has undergone several significant developments, and a few of these have been mentioned below:
• In November 2020, Nipro Corporation announced the acquisition of Venari Medical's exclusive sales rights for a vascular treatment device designed by Venari Medical in Japan and overseas.
• In October 2020, Nemera announced the acquisition of Copernicus. This acquisition will enhance the company's production capabilities and inrease its product portfolio.
• In September 2020, Nipro Corporation opened its sales offices in Xi'an, Wuhan, Hefei, and Xiamen. The new offices will enhance the company's sales and service network in China, thereby enhancing the presence of the "Nipro brand".
• In January 2020, Nipro Asia Pte Ltd. announced the acquisition of JMI Marketing to maintain a promising share in Bangladesh's rapidly rising economy for disposable medical devices.

Key Highlights of the Medical Device Contract Manufacturing Market Research Report:

• The report summarizes the Medical Device Contract Manufacturing Market by stating the definition, applications, scope, it's price, supply and demand ratio, and market overview.
• Competitive landscape of all leading key players together with their business strategies, approaches, and latest Medical Device Contract Manufacturing market development.
• It elements market investment, opportunities, growth factors, restraints, and market risks.
• It performs a comprehensive study of emerging players in the Medical Device Contract Manufacturing business along with the existing ones.
• It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.

Research Objectives:

• To study and analyze the Medical Device Contract Manufacturing consumption by key regions/countries, product type and application, history information, and forecast during 2022-2030.
• To understand the structure of Medical Device Contract Manufacturing by identifying its various sub segments.
• Focuses on the key Medical Device Contract Manufacturing manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
• To analyze Medical Device Contract Manufacturing with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the expansion of the market.
• To project the consumption of Medical Device Contract Manufacturing submarkets, with respect to key.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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