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Medical Devices Outsourcing Market Size to Surpass US$ 232.8 Billion by 2028, as per Transparency Market Research, Inc.

03-20-2024 08:28 AM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Devices Outsourcing

Medical Devices Outsourcing

Transparency Market Research's most recent report on the global ๐ฆ๐ž๐๐ข๐œ๐š๐ฅ ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐จ๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐œ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ, covering the historical span of 2017-2019 and forecasting from 2021-2028, highlights the projected surge in the geriatric demographic and growing demand for enhanced medical device technology as principal drivers propelling the global market forward.

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.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=361&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:
ย 
Accellent, Inc.,Active Implants Corporation,Cirtec Medical Systems ll,MDMI Technologies, Inc.,Micro Systems Engineering GmbH,Creganna-Tactx Medical,Avail Medical Products, among others
ย 
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

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

๐Ž๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐œ๐ข๐ง๐  ๐€๐ข๐๐ฌ ๐ข๐ง ๐‹๐ž๐ฏ๐ž๐ซ๐š๐ ๐ข๐ง๐  ๐„๐ฑ๐ญ๐ž๐ซ๐ง๐š๐ฅ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ๐ข๐ฌ๐ž: ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ

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.

๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž ๐Ž๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐œ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

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

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

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)

๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐ข๐ง ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ญ๐จ ๐‹๐จ๐ฐ๐ž๐ซ ๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐‚๐จ๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

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.

๐๐ฅ๐š๐œ๐ž ๐š๐ง ๐Ž๐ซ๐๐ž๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=361<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

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.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Market dynamics and growth drivers
Competitive landscape and market positioning
Regulatory landscape and compliance requirements
Technological advancements and innovation
Customer preferences and market trends

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐ˆ๐ง๐Ÿ๐š๐ง๐ญ ๐Ž๐ฑ๐ฒ๐ ๐ž๐ง ๐‡๐จ๐จ๐๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- 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

๐๐จ๐ฐ๐๐ž๐ซ ๐‚๐จ๐š๐ญ๐ข๐ง๐ ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- 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

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

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.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.comย  ย ย  ย ย 
Email: ย sales@transparencymarketresearch.com
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