Medical Device Outsourcing Market To Reach USD 88.2 Billion
By 2025
“The global medical device outsourcing market size was valued at USD 33.2 billion in
2016 and is expected to grow with CAGR of 11.5% from 2014 to 2025. Rising price
competition and rising need for reduction of production cost are the most impact
rendering driver of the medical device outsourcing market”
The global medical device outsourcing market is expected to reach USD 88.2
billion by 2025, according to a new report by Grand View Research, Inc. Rising price
competition and rising need for reduction of production cost are the most impact
rendering driver of the medical device outsourcing market.
Sharp cutbacks in the public spending in major EU regions and the U.S., is the major
issue currently faced by medical devices manufacturers. Increasing profitability
pressure and growing competition coupled with high degree of industry maturity is
expected to impact growth.
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Detailed Research Report available at:
http://www.grandviewresearch.com/industry-analysis/medical-deviceoutsourcing-market
The medical device outsourcing market is dynamic and highly competitive. Over the
next seven years, the industry is expected to witness significant growth owing to steep
decline in duration for product commercialization by companies in order to gain the
advantage of being the first mover.
Product design and development services are anticipated to be one of the highly
availed services by device manufacturers over the forecast period. By opting for this
service, manufacturers are expected to benefit in speeding up the time to market and
faster return on investment, thereby supporting growth for this segment.
Further key findings from the study suggest:

In the services segment, contract manufacturing is anticipated to be the fastest
growing and contributes over 19.0% of the revenue share by 2025 owing to
complete assistance and assurance to the medical device manufacturers.

Class II medical devices are expected to grow at the fastest rate and hold the
largest share of the medical devices outsourcing market by 2025.

In the therapeutic segment, cardiology, IVD, and drug delivery are the top
performing segments. Rising incidences of cardiac failures, infectious diseases
and high research activity in the field of drug delivery are certain vital impact
rendering factors.

Regionally, Asia Pacific is predicted to contribute higher revenue share over the
forecast period. Improving healthcare infrastructure, rising disposable income,
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and growing incidence of conditions such as diabetes within the region are
expected to support growth.

Medical device outsourcing market players include; Daiichi Jitsugyo Co. Ltd.,
Mitutoyo Corp., Hamilton Company, Cirtec Medical Systems LLC, Kinetic Climax
Inc., Creganna Tactx Medical Inc. and Omnica Corp. among others.

In January 2014, Creganna acquired Tactx Medical Inc. in order to expand their
business of providing technologies and services for minimally invasive delivery
and access devices
Read our blog on medical device outsourcing market:
http://www.grandviewresearch.com/blog/medical-device-outsourcing-marketsize-share
Table of content of global medical device outsourcing market research report:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Medical device outsourcing Market- Industry Snapshot and Key
Buying Criteria, 2016
Chapter 3. Medical Device Outsourcing Industry Outlook
3.1. Medical Device Outsourcing Market: Segmentation
3.2. Medical Device Outsourcing Market: Size and Growth Prospects
3.3. Medical Device Outsourcing Market: Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
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3.4. Key Opportunities Prioritized
3.5. Industry Analysis - Porter's
3.6. Medical Device Outsourcing Market: PESTEL Analysis, 2016
Chapter 4. Medical Device Outsourcing Market Application Outlook
4.1. Medical Device Outsourcing Market Share, By Application, 2016 &
2025
4.2. Class I Medical Device Outsourcing
4.2.1. Class I Medical Device Outsourcing Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
4.3. Class II Medical Device Outsourcing
4.3.1. Class II Medical Device Outsourcing Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
4.4. Class III Medical Device Outsourcing
4.4.1. Class III Medical Device Outsourcing Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
Chapter 5. Medical Device Outsourcing Market Service Outlook
5.1. Medical Device Outsourcing Market Share, By Service, 2016 & 2025
5.2. Regulatory Consulting Services
5.2.1. Regulatory Consulting Services Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
5.2.1.1. Clinical trial applications and product registrations market
estimates and forecasts, 2014 - 2025 (USD Million)
5.2.1.2. Regulatory writing and publishing market estimates and
forecasts, 2014 - 2025 (USD Million)
5.2.1.3. Legal representation market estimates and forecasts, 2014
- 2025 (USD Million)
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5.2.1.4. Other regulatory affairs market estimates and forecasts,
2014 - 2025 (USD Million)
5.3. Product Design and Development Services
5.3.1. Product Design and Development Services Market Estimates
and Forecasts, 2014 - 2025 (USD Million)
5.3.1.1. Designing & engineering services market estimates and
forecasts2014 - 2025 (USD Million)
5.3.1.2. Machining services market estimates and forecasts 2014 2025 (USD Million)
5.3.1.3. Molding services market estimates and forecasts 2014 2025 (USD Million)
5.3.1.4. Packaging services market estimates and forecasts 2014 2025 (USD Million)
5.4. Product Testing & Sterilization Services
5.4.1. Product Testing & Sterilization Services Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
5.5. Product Implementation Services
5.5.1. Product Implementation Services Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
5.6. Product Upgrade Services
5.6.1. Product Upgrade Services Market Estimates and Forecasts,
2014 - 2025 (USD Million)
5.7. Product Maintenance Services
5.7.1. Product Maintenance Services Market Estimates and Forecasts,
2014 - 2025 (USD Million)
5.8. Contract Manufacturing Services
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5.8.1. Contract Manufacturing Services Market Estimates and
Forecasts, 2014 - 2025 (USD Million)
5.8.1.1. Accessories manufacturing market estimates and
forecasts, 2014 - 2025 (USD Million)
5.8.1.2. Assembly manufacturing market estimates and forecasts
2014 - 2025 (USD Million)
5.8.1.3. Component manufacturing market estimates and forecasts
2014 - 2025 (USD Million)
5.8.1.4. Device manufacturing market estimates and forecasts
2014 - 2025 (USD Million)
Chapter 6. Medical Device Outsourcing Therapeutics Outlook
6.1. Medical device outsourcing market share, by therapeutics, 2016 &
2025
6.2. Cardiology medical device outsourcing market
6.2.1. Cardiology medical device outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.3. Diagnostic imaging medical device outsourcing market
6.3.1. Diagnostic imaging medical device outsourcing market
estimates and forecasts, 2014 - 2025 (USD Million)
6.4. Orthopedic medical device outsourcing market
6.4.1. Orthopedic medical device outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.5. IVD medical device outsourcing market
6.5.1. IVD medical device outsourcing market estimates and forecasts,
2014 - 2025 (USD Million)
6.6. Ophthalmic medical device outsourcing market
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6.6.1. Ophthalmic medical device outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.7. General and plastic surgery medical device outsourcing market
6.7.1. General and plastic surgery medical device outsourcing market
estimates and forecasts, 2014 - 2025 (USD Million)
6.8. Drug delivery medical device outsourcing market
6.8.1. Drug delivery medical device outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.9. Dental medical device outsourcing market
6.9.1. Dental medical devices outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.10. Endoscopy medical device outsourcing market
6.10.1. Endoscopy medical devices outsourcing market estimates and
forecasts, 2014 - 2025 (USD Million)
6.11. Diabetes care medical device outsourcing market
6.11.1. Diabetes care medical devices outsourcing market estimates
and forecasts, 2014 - 2025 (USD Million)
6.12. Other therapeutic medical device outsourcing market
6.12.1. Other therapeutic medical devices outsourcing market
estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 7. Medical Device Outsourcing Market Regional Outlook
7.1. Medical Device Outsourcing Market Share, By Region, 2016 & 2025
7.2. North America
7.2.1. North America Medical Device Outsourcing Market Estimates
and Forecasts, By Application,, 2014 - 2025 (USD Million)
7.2.2. North America Medical Device Outsourcing Market Estimates
and Forecasts, By Services,, 2014 - 2025 (USD Million)
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7.2.3. North America Medical Device Outsourcing Market Estimates
and Forecasts, By Therapeutics,, 2014 - 2025 (USD Million)
7.2.3.1. U.S.
7.2.3.2. Canada
7.3. Europe
7.3.1. Europe Medical Device Outsourcing Market Estimates and
Forecasts, By Application, 2014 - 2025 (USD Million)
7.3.2. Europe Medical Device Outsourcing Market Estimates and
Forecasts, By Services, 2014 - 2025 (USD Million)
7.3.3. Europe Medical Device Outsourcing Market Estimates and
Forecasts, By Therapeutics,, 2014 - 2025 (USD Million)
7.3.3.1. Germany
7.3.3.2. France
7.4. Asia Pacific
7.4.1. Asia Pacific Medical Device Outsourcing Market Estimates and
Forecasts, By Application, 2014 - 2025 (USD Million)
7.4.2. Asia Pacific Medical Device Outsourcing Market Estimates and
Forecasts, By Services, 2014 - 2025 (USD Million)
7.4.3. Asia Pacific Medical Device Outsourcing Market Estimates and
Forecasts, By Therapeutics,, 2014 - 2025 (USD Million)
7.4.3.1. India
7.4.3.2. Japan
7.4.3.3. China
7.5. Latin America
7.5.1. Latin America Medical Device Outsourcing Market Estimates
and Forecasts, By Application, 2014 - 2025 (USD Million)
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7.5.2. Latin America Medical Device Outsourcing Market Estimates
and Forecasts, By Services, 2014 - 2025 (USD Million)
7.5.3. Latin America Medical Device Outsourcing Market Estimates
and Forecasts, By Therapeutics,, 2014 - 2025 (USD Million)
7.5.3.1. Brazil
7.5.3.2. Mexico
7.6. MEA
7.6.1. MEA Medical Device Outsourcing Market Estimates and
Forecasts, By Application, 2014 - 2025 (USD Million)
7.6.2. MEA Medical Device Outsourcing Market Estimates and
Forecasts, By Services, 2014 - 2025 (USD Million)
7.6.3. MEA Medical Device Outsourcing Market Estimates and
Forecasts, By Therapeutics,, 2014 - 2025 (USD Million)
7.6.3.1. South Africa
Chapter 8. Competitive Landscape
8.1. Shivna Medical Instruments Co., Ltd.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Mitutoyo Corporation
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Daiichi Jitsugyo Co., Ltd.
8.3.1. Company Overview
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8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. GE Healthcare
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Integer Holdings Corporation
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Active Implants Corporation LLC
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Cirtec Medical
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. MDMI Technologies, Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
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8.8.4. Strategic Initiatives
8.9. Micro Systems Engineering GmbH
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Creganna-Tactx Medical
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Avail Medical Products Inc.
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Sterigenics International Inc.
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Hamilton Medical
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Inteprod LLC
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8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Kinetics Climax Inc.
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. CFI Medical
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
8.17. Omnica Corporation
8.17.1. Company Overview
8.17.2. Financial Performance
8.17.3. Product Benchmarking
8.17.4. Strategic Initiatives
8.18. Infinity Plastics Group
8.18.1. Company Overview
8.18.2. Financial Performance
8.18.3. Product Benchmarking
8.18.4. Strategic Initiatives
8.19. Teleflex Medical OEM
8.19.1. Company Overview
8.19.2. Financial Performance
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8.19.3. Product Benchmarking
8.19.4. Strategic Initiatives
8.20. ProMed Molded Products, Inc.
8.20.1. Company Overview
8.20.2. Financial Performance
8.20.3. Product Benchmarking
8.20.4. Strategic Initiatives
8.21. Accell Clinical Research LLC
8.21.1. Company Overview
8.21.2. Financial Performance
8.21.3. Product Benchmarking
8.21.4. Strategic Initiatives
8.22. Medpace Inc.
8.22.1. Company Overview
8.22.2. Financial Performance
8.22.3. Product Benchmarking
8.22.4. Strategic Initiatives
8.23. Charles River Laboratories International Inc.
8.23.1. Company Overview
8.23.2. Financial Performance
8.23.3. Product Benchmarking
8.23.4. Strategic Initiatives
8.24. Covance Inc.
8.24.1. Company Overview
8.24.2. Financial Performance
8.24.3. Product Benchmarking
8.24.4. Strategic Initiatives
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8.25. PAREXEL International Corporation
8.25.1. Company Overview
8.25.2. Financial Performance
8.25.3. Product Benchmarking
8.25.4. Strategic Initiatives
8.26. WuXi AppTec
8.26.1. Company Overview
8.26.2. Financial Performance
8.26.3. Product Benchmarking
8.26.4. Strategic Initiatives
8.27. Icon Plc
8.27.1. Company Overview
8.27.2. Financial Performance
8.27.3. Product Benchmarking
8.27.4. Strategic Initiatives
8.28. CERES GmbH Evaluation and Research
8.28.1. Company Overview
8.28.2. Financial Performance
8.28.3. Product Benchmarking
8.28.4. Strategic Initiatives
8.29. Decision Driver Analytics
8.29.1. Company Overview
8.29.2. Financial Performance
8.29.3. Product Benchmarking
8.29.4. Strategic Initiatives
8.30. PRC Clinical
8.30.1. Company Overview
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8.30.2. Financial Performance
8.30.3. Product Benchmarking
8.30.4. Strategic Initiatives
8.31. Chiltern International Ltd.
8.31.1. Company Overview
8.31.2. Financial Performance
8.31.3. Product Benchmarking
8.31.4. Strategic Initiatives
8.32. Precision Bioservices
8.32.1. Company Overview
8.32.2. Financial Performance
8.32.3. Product Benchmarking
8.32.4. Strategic Initiatives
8.33. RCRI
8.33.1. Company Overview
8.33.2. Financial Performance
8.33.3. Product Benchmarking
8.33.4. Strategic Initiatives
8.34. SynteractHCR
8.34.1. Company Overview
8.34.2. Financial Performance
8.34.3. Product Benchmarking
8.34.4. Strategic Initiatives
8.35. Technomics Research
8.35.1. Company Overview
8.35.2. Financial Performance
8.35.3. Product Benchmarking
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8.35.4. Strategic Initiatives
8.36. Celestica HealthTech
8.36.1. Company Overview
8.36.2. Financial Performance
8.36.3. Product Benchmarking
8.36.4. Strategic Initiatives
8.37. CoorsTek Medical LLC
8.37.1. Company Overview
8.37.2. Financial Performance
8.37.3. Product Benchmarking
8.37.4. Strategic Initiatives
8.38. Memry Corporation
8.38.1. Company Overview
8.38.2. Financial Performance
8.38.3. Product Benchmarking
8.38.4. Strategic Initiatives
8.39. Plexus Corporation
8.39.1. Company Overview
8.39.2. Financial Performance
8.39.3. Product Benchmarking
8.39.4. Strategic Initiatives
8.40. Cadence Inc.
8.40.1. Company Overview
8.40.2. Financial Performance
8.40.3. Product Benchmarking
8.40.4. Strategic Initiatives
8.41. Millstone Medical Outsourcing
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8.41.1. Company Overview
8.41.2. Financial Performance
8.41.3. Product Benchmarking
8.41.4. Strategic Initiatives
8.42. HCL Technologies Ltd.
8.42.1. Company Overview
8.42.2. Financial Performance
8.42.3. Product Benchmarking
8.42.4. Strategic Initiatives
8.43. Code Refinery LLC
8.43.1. Company Overview
8.43.2. Financial Performance
8.43.3. Product Benchmarking
8.43.4. Strategic Initiatives
8.44. Phase 2 Medical Device Manufacturing
8.44.1. Company Overview
8.44.2. Financial Performance
8.44.3. Product Benchmarking
8.44.4. Strategic Initiatives
8.45. Dravon Medical Inc.
8.45.1. Company Overview
8.45.2. Financial Performance
8.45.3. Product Benchmarking
8.45.4. Strategic Initiatives
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About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and energy.
Contact:
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Grand View Research, Inc
Phone: 1-415- 349-0058
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The global medical device outsourcing market is expected to reach USD 88.2 billion by 2025, according to a new report by Grand View Research, Inc. Rising price competition and rising need for reduction of production cost are the most impact rendering driver of the medical device outsourcing market. Sharp cutbacks in the public spending in major EU regions and the U.S., is the major issue currently faced by medical devices manufacturers. Increasing profitability pressure and growing competition coupled with high degree of industry maturity is expected to impact growth. Click here - http://www.grandviewresearch.com/industry-analysis/medical-device-outsourcing-market