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Medical Device Outsourcing Market to Reach USD 137.9 Bn by 2029, emerging at a CAGR of 8.9 percent and forecast 2023-2029
Medical Device Outsourcing Market
The comprehensive report delves into the contract manufacturing of medical devices by third-party manufacturers, catering to the needs of top medical device companies. It explores the market dynamics across regions, highlighting key trends in the Medical Device Outsourcing sector.
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What are Medical Device Outsourcing Market Dynamics:
The medical device outsourcing market is witnessing a rise in the number of new entrants. The increasing demand for medical devices in response to the growing prevalence of chronic ailments globally is attracting the new players to enter the market. The high threat of new entrants is expected to make the market highly competitive during the forecast period. The collaboration better new players having niche offerings & experienced existing players in the market is trending.
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Medical Device Outsourcing Market Regional Insights:
North America: Accounted for the largest market value in 2021, driven by high awareness among healthcare professionals, well-developed healthcare infrastructure, and technological advancements.
Asia Pacific: Anticipated to experience the fastest growth, attributed to increased healthcare expenditure and accessibility to medical devices at a lower cost. India and Japan emerge as leading markets in the region.
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What is Medical Device Outsourcing Market Segmentation:
by Product
1.Finished goods
2.Electronics
3.Raw Materials
by Device Type
1.Class I Devices
2.Class II Devices
3.Class III Device
by Application
1.Orthopaedics and Spine
2.Cardiovascular
3. Radiology
4.General Medical Devices
5.Cosmetic Surgery
6.Others
by Service
1.Prototype Development
2.Finished Device Manufacturing
3.Assembly & Packaging
4.Testing & Regulatory Support Service
Who are Medical Device Outsourcing Market Key Players:
1.Cardinal Health, Inc.
2. Onex Corporation
3.Te Connectivity Ltd.
4.Flex Ltd.
5.Heraeus Holding GmBH
6.Integer Holdings Corporation
7.Nortech Systems Incorporated
8.Plexus Corp.
9.Sanmina Corporation
10.West Pharmaceutical Services, Inc
11.American Preclinical Services.
12.Benchmark Electronic Inc.,
13.Celestica Inc., Charles River
14.Laboratories International, Inc.,
15.Cadence Inc.,
16.Eurofins Scientific,
17. IQVIA, Accellent Inc.,
18.Intertek Group PLC,
19. North American Science Associates, Inc.,
20.Pace Analytical Services LLC.,
21.Providien LLC,
22.Thermo Fischer Scientific Inc.
23. Phillips Medisize (Molex, LLC);
24. Cantel Medical Corp. (STERIS plc)
25. West Pharmaceutical Services, Inc.
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Table of content for the Medical Device Outsourcing Market includes:
Global Medical Device Outsourcing Market: Research Methodology
Global Medical Device Outsourcing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Medical Device Outsourcing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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