Press release
Medical Devices Outsourcing Market Size to Surpass US$ 232.8 Billion by 2028, as per Transparency Market Research, Inc.
Medical Devices Outsourcing
The global medical devices outsourcing market was valued at $102.6 billion in 2020, projected to grow at a CAGR of 11.2% from 2021 to 2028, reaching $232.8 billion by 2028. Analysts suggest that during the COVID-19 pandemic, regulatory constraints prompted many manufacturers to outsource production to contract manufacturing organizations (CMOs). However, post-pandemic, CMOs may face challenges in maintaining operations. To mitigate risks, CMOs should diversify material sources, enhance communication with partners, and validate alternative materials.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=361&utm_source=OpenPR&utm_campaign=MansiR_OpenPR
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
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Accellent, Inc.,Active Implants Corporation,Cirtec Medical Systems ll,MDMI Technologies, Inc.,Micro Systems Engineering GmbH,Creganna-Tactx Medical,Avail Medical Products, among others
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๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
By Service Outsourced for Medical Devices
Product Design & Development
Regulatory Consulting & Other Services
Product Testing & Certification
Product Implementation
Product Maintenance
Product Upgrade
By Class of Medical Devices
Class III
Class II
Class I
By Application
Cardiology
Neurology
Radiology
Anesthesia
Orthopedic
Others
๐๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐๐ข๐ง๐ ๐๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฏ๐๐ซ๐๐ ๐ข๐ง๐ ๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐ฑ๐ฉ๐๐ซ๐ญ๐ข๐ฌ๐: ๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ
The rising adoption of intelligent devices and smart systems in healthcare has led to a surge in the utilization of embedded software. Take infusion pumps, for example, which can autonomously regulate liquid flow based on the precision of embedded software. Consequently, there's been a notable uptick in the practice of outsourcing software design and testing to firms possessing specialized domain expertise. Companies like HCL, Wipro, and ALT Software have emerged as key players in this arena, developing advanced systems that greatly enhance end-user experiences, thus enhancing the overall quality of healthcare services provided.
๐๐๐๐ข๐๐๐ฅ ๐๐๐ฏ๐ข๐๐ ๐๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In Novemberย 2020, Venari Medical was acquired by Nipro Corporation. Through the acquisition, Nipro procured the sales rights to vascular treatment devices developed by Venari Medical.
In Octoberย 2020, Copernicus was acquired by Nemera in order to attain a patient-centric drug-device combination solution company
๐๐๐ ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐ ๐ญ๐จ ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐จ๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Global governments face mounting pressure to curb escalating healthcare costs, driven by population expansion and heightened demand for high-quality medical services, with the aim of ensuring accessibility and affordability for all citizens.
In the United States, healthcare spending accounts for approximately 16% of the GDP, a figure projected to reach 20% by 2020. Expenses associated with advanced medical equipment like CT scanners, MRI machines, implantable pacemakers, and dialysis machines contribute to the overall healthcare expenditure.
Consequently, manufacturers are compelled to seek alternative solutions to meet increasing demand while navigating economic constraints. This surge prompts a greater need for cost-effective medical devices.
๐๐ฅ๐๐๐ ๐๐ง ๐๐ซ๐๐๐ซ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
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๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The future of the Medical Devices Outsourcing Market is promising, with continued innovation, strategic partnerships, and a focus on customer-centric solutions expected to drive growth. Market players are anticipated to explore new avenues for collaboration and expansion, catering to the evolving needs of the healthcare ecosystem.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
Market dynamics and growth drivers
Competitive landscape and market positioning
Regulatory landscape and compliance requirements
Technological advancements and innovation
Customer preferences and market trends
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐ง๐๐๐ง๐ญ ๐๐ฑ๐ฒ๐ ๐๐ง ๐๐จ๐จ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/01/30/2597460/0/en/Infant-Oxygen-Hoods-Market-Size-to-Surpass-US-31-7-Million-by-2031-as-per-Transparency-Market-Research-Inc.html
๐๐จ๐ฐ๐๐๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.globenewswire.com/news-release/2023/01/31/2598914/0/en/Powder-Coatings-Market-to-Reach-US-21-0-Bn-by-End-of-2031-TMR-Study.html
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
Transparency Market Research Inc.
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