Press release
Medical Device Outsourcing Market to Develop at CAGR of 9.10% During Forecast Period 2022-2027, Observes by IMARC Group
Medical Device Outsourcing Market
Medical device outsourcing emphasizes contracting with a third party for product design, production, packaging, prototyping, testing, and verification of medical devices in a sterile and regulated environment for the efficient supply chain management. It includes device assembly and packaging for shipment and value-add services, such as package testing and sterilization validation, recurring processing, and process improvement identification. It provides numerous advantages, including minimized manufacturing period, early product introduction into the market, and easy quality check approvals to match regulatory criteria. Additionally, it offers specialized facilities, such as on-site medical labs and cleanrooms, to ensure the production of medical devices is free of contaminants.
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Medical Device Outsourcing Market Demand:
The growing need to reduce overhead and operational costs are driving the global market. Coupled with the rising emphasis on maintaining the quality of healthcare services is catalyzing the overall demand for medical device outsourcing across the globe. Furthermore, the increasing government restrictions for obtaining quality certifications are favorably impacting the market. Moreover, the increasing demand for medical equipment in minimally invasive treatments for numerous chronic diseases is creating a positive market outlook. Other factors, such as the growing need for quality healthcare services and extensive research and development (R&D) activities by leading players for enhancing the device's functioning, are also influencing the market.
Competitive Landscape:
• Celestica Inc. (Onex Corporation)
• Charles River Laboratories International Inc
• Flex Ltd
• Freyr Inc
• Heraeus Holding GmbH
• ICON plc
• Integer Holdings Corporation
• IQVIA Inc
• Plexus Corp
• Sanmina Corporation,
• TE Connectivity
• West Pharmaceutical Services Inc
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Key Market Segmentation:
Breakup by Service:
• Regulatory Consulting
• Product Design and Development
• Product Testing and Sterilization
• Product Implementation
• Product Upgrade
• Product Maintenance
Breakup by Therapeutics:
• Cardiology
• Diagnostic Imaging
• Orthopedic
• IVD
• Ophthalmic
• General and Plastic Surgery
• Drug Delivery
• Dental
• Endoscopy
• Diabetes Care
Breakup by Application:
• Class I
• Class II
• Class III
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact us:
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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