Medical Devices Contract Manufacturing Market Overview
Medical Devices Contract Manufacturing Market is expected to rise at significant rate in the forecasted period. Two of the primary motivators for the global medical devices contract manufacturing market are innovations in medical, healthcare, and biomedical technologies, as well as the rapid expansion and development of competent and technologically superior healthcare infrastructure and medical facilities. Increasing global demand for efficient and technologically advanced medical equipment, as well as rising demand for complex and handy medical devices, are some of the main market factors. In the future years, the global medical devices contract manufacturing market is expected to see significant expansion due to a growing elderly population and improved life expectancy.
On the other side, supply chain complexity and challenges, rising costs of non - compliance medical equipment, and concerns with interoperability and standards could hamper the global medical device contract manufacturing market's growth in the approaching years.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Creganna, Celestica, Inc., Heraeus Holding, Flextronics International Ltd., Integer Holdings Corporation, Plexus Corp., Nortech Systems, Inc., Tecomet, Inc, Sanmina Corporation, West Pharmaceutical Services, Inc. |
Covid-19 Impact on Medical Devices Contract Manufacturing Market
In addition, the current Medical Devices Contract Manufacturing Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Devices Contract Manufacturing Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Medical Devices Contract Manufacturing Market Segment Overview
According to Product, Raw Materials is one of the most prominent segments in the global Medical Devices Contract Manufacturing Market. Moreover, by Application, Orthopedic & Spine is the main segment in the global market. Additionally, the increased demand for medical device original equipment makers to cut production costs and delayed the marketing of new products is driving the medical device contract manufacturing market. In addition, the growing inclination for non-invasive surgical treatments promotes the endoscopic systems and surgical instrument manufacturing contract research manufacturing market.
Medical Devices Contract Manufacturing Market, By Product
· Raw Materials
· Electronics
· Finished Goods
Medical Devices Contract Manufacturing Market, By Application
· Orthopedic & Spine
· Cardiovascular
· Radiology
· General Medical Devices
Medical Devices Contract Manufacturing Market Regional Overview
In terms of geography, the global Medical Devices Contract Manufacturing market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share for medical device contract manufacturing globally, with the United States generating the most income. Increased demand for innovative and efficient medical equipment, as well as rising healthcare spending, rising medical needs of the ageing population, and a steady increase in the number of surgical cases, are driving market expansion in the United States. During the analysis period, Asia Pacific is predicted to increase at the fastest rate. Contract manufacturing activity is more profitable in Asian countries such as China. This is the primary reason why most medical device companies choose to manufacture their products in Asia, which is mostly due to lower labour costs, improved technical knowledge, and lower overhead costs.
Medical Devices Contract Manufacturing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Devices Contract Manufacturing Market, Key Players
· Creganna
· Celestica, Inc.
· Heraeus Holding
· Flextronics International Ltd.
· Integer Holdings Corporation
· Plexus Corp.
· Nortech Systems, Inc.
· Tecomet, Inc
· Sanmina Corporation
· West Pharmaceutical Services, Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Medical Devices Contract Manufacturing market?
Increasing global demand for efficient and technologically advanced medical equipment, as well as rising demand for complex and handy medical devices, are some of the main market factors.
Q2. What are the restraining factors for the global Medical Devices Contract Manufacturing market?
Supply chain complexity and challenges, rising costs of non - compliance medical equipment, and concerns with interoperability and standards could hamper the global medical device contract manufacturing market's growth in the approaching years
Q3. Which segment is projected to hold the largest share in the global Medical Devices Contract Manufacturing market. ?
Raw Materials segment is projected to hold the largest share in the global Medical Devices Contract Manufacturing market
Q4. Which region holds the largest share in the global Medical Devices Contract Manufacturing market?
North America holds the largest share in the global Medical Devices Contract Manufacturing market.
Q5. Which are the prominent players in the global Medical Devices Contract Manufacturing market?
Creganna, Celestica, Inc., Heraeus Holding, Flextronics International Ltd., Integer Holdings Corporation, Plexus Corp., Nortech Systems, Inc., Tecomet, Inc, Sanmina Corporation, West Pharmaceutical Services, Inc. are some key players in the global Medical Devices Contract Manufacturing market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Medical Devices Contract Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Raw Materials
- 5.2.2. Electronics
- 5.2.3. Finished Goods
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Orthopedic & Spine
- 5.3.2. Cardiovascular
- 5.3.3. Radiology
- 5.3.4. General Medical Devices
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Medical Devices Contract Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Raw Materials
- 6.2.2. Electronics
- 6.2.3. Finished Goods
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Orthopedic & Spine
- 6.3.2. Cardiovascular
- 6.3.3. Radiology
- 6.3.4. General Medical Devices
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Medical Devices Contract Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Raw Materials
- 7.2.2. Electronics
- 7.2.3. Finished Goods
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Orthopedic & Spine
- 7.3.2. Cardiovascular
- 7.3.3. Radiology
- 7.3.4. General Medical Devices
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Medical Devices Contract Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Raw Materials
- 8.2.2. Electronics
- 8.2.3. Finished Goods
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Orthopedic & Spine
- 8.3.2. Cardiovascular
- 8.3.3. Radiology
- 8.3.4. General Medical Devices
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Medical Devices Contract Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Raw Materials
- 9.2.2. Electronics
- 9.2.3. Finished Goods
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Orthopedic & Spine
- 9.3.2. Cardiovascular
- 9.3.3. Radiology
- 9.3.4. General Medical Devices
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Creganna
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Celestica, Inc.
- 10.6. Heraeus Holding
- 10.7. Flextronics International Ltd.
- 10.8. Integer Holdings Corporation
- 10.9. Plexus Corp.
- 10.10. Nortech Systems, Inc.
- 10.11. Tecomet, Inc
- 10.12. Sanmina Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
