? riginal equipment manufacturers are widely accepting medical device outsourcing services. The market is growing due to increased pressure on manufacturers to cut overhead and operational costs while maintaining the quality of healthcare services. During the projected period, the market is likely to be driven by rising demand for medical devices and increased price competition. Furthermore, rising product engineering challenges, as well as an influx of new entrants, are expected to shape the market's future.
MARKET SCOPE
The "Global Medical Device Outsourcing Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical device outsourcing market with detailed market segmentation by services, end user, and geography. The report provides key statistics on the market status of the leading medical device outsourcing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on services, the market is bifurcated into product design and development services, product testing and sterilization services, product upgrade services, product maintenance services, regulatory consulting services, contract manufacturing services, and other services
? Based on application, the market is bifurcated into class I medical devices, class II medical devices, and class III medical devices
MARKET DYNAMICS
Drivers:
? Changing Regulatory Landscape
? Rising Price Competition and the Requirement to Reduce Costs
? Rising Demand for the Advanced Products
Restraints
? Compliance Issues while Outsourcing
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical device outsourcing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical device outsourcing market in these regions.
IMPACT OF COVID-19 ON MEDICAL DEVICE OUTSOURCING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the medical device outsourcing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical device outsourcing market are anticipated to lucrative growth opportunities in the future with the rising demand for medical device outsourcing in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical device outsourcing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Creganna Medical
? General Electric Company
? Heraeus Holding
? Integer Holdings Corporation
? Jabil Inc.
? Micro Systems Technologies
? Omnica Corporation
? Phillips-Medisize
? Sanmina Corporation
? Plexus Corp.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.