The global medical device outsourcing market will reach $292.93 billion by 2030


DublinAnd the September 14, 2022 /PRNewswire/ – file “Medical Devices Outsourcing Market Size, Share Analysis Report and Trends by Application (Cardiology, General and Plastic Surgery, IVD), by Service (Contract Manufacturing, Quality Assurance), by Region, and Segments Forecast, 2022-2030” Report added to ResearchAndMarkets.com Show.

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The global medical device outsourcing market size is expected to reach US$292.93 billion By 2030, record a compound annual growth rate 12.1% during the forecast period. The growing demand for advanced medical products and the growing trend of Transfer abroad fuel the growth of this market.

Various initiatives by public organizations promoting COVID-19 testing are also promoting market growth. Regulatory bodies emphasize the quality of healthcare devices offered to the public which has become a burden to deal with. To meet the regulatory scenario, various services such as regulatory consultancy are used by the players in the industry.

For example, the European Medical Device Regulations performs a special automatic inspection of outsourced products to test for quality as well as compliance with standards. Contracted manufacturers, especially in developed countries such as the United States, European Union countries and Japancomplies with international quality management system standards, making it the preferred choice compared to contract manufacturers in India And the China.

However, expected regulatory changes in developing countries ensure that manufacturers comply with contracts. The demand for regulatory compliance is expected to drive the growth of consulting services, such as reform, compliance and quality management system, thus contributing to market growth.

Highlights of the Medical Devices Outsourcing Market report:

  • Contract manufacturing market dominated the global market in 2021 due to the increasing trend of outsourcing by OEMs to third party manufacturers, especially in emerging countries.

  • The quality assurance services sector is expected to show the fastest growth rate during the forecast period due to the increasing trend of outsourcing quality assurance services among emerging countries.

  • Asia Pacific It was the dominant regional market in 2021 due to lower cost and availability of skilled human resources.

  • The regional market is expected to expand further at the second fastest compound annual growth rate (CAGR) during the forecast period.

  • North Amarica It also recorded a significant share in 2021 due to the well-established infrastructure for manufacturing complex medical devices.

market dynamics

Market Drivers

  • Changing the organizational landscape

  • Increase in medical device manufacturing out of support for emerging economies

  • Increasing demand for advanced products

  • Implementation of international standards by contract makers

  • High price competition and cost reduction requirements

  • Increased complexity in product design and engineering

market restrictions

  • Compliance issues during outsourcing

  • Changing scenarios within developing countries

  • Regulatory and Legal Compliance

  • contractual obligation

Industry Challenges

  • Relationship Management

  • Pricing Analysis

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Medical Device Outsourcing Market: Variables, Trends, and Scope

Chapter 4 The Medical Device Outsourcing Market: Service Sector Analysis

Chapter Five Medical Device Outsourcing Market: Application Segment Analysis

Chapter 6 Outsourcing of Medical Devices Market: Regional Analysis

Chapter 7 Competitive Analysis

Chapter 8 Company Profiles

Chapter 9 KOL . Commentary

Chapter 10 Recommendations

mentioned companies

  • SGS SA

  • Labcorp

  • Eurofins Scientific

  • Pace Analytical Services, Inc.

  • Intertek Group plc

  • Wushi Optic

  • North American Science Associates, Inc.

  • Toph Sud AG

  • American Preclinical Services

  • Sterigenics International LLC

  • Charles River Laboratories International, Inc.

  • Medical Device Testing Services

  • Rjr Consulting, Inc

  • International Mandala.

  • ferry

  • Global Regulatory Partners, LLC

  • Parexel International Company

  • Emergo

  • Biotechnika

  • excel for clinical research

  • Genpact Ltd.

  • Standard, Inc.

  • Health Sciences Prague

  • Promedica International

  • Medspace Holdings, Inc.

  • Icon plc.

  • Iqvia Holdings Inc.

  • Integer Holdings Corporation

  • Tecomet Company

  • Jubail Company

  • Flex Ltd.

  • Celestica Company

  • Sanmina Corporation.

  • Plexus Corp.

  • Philips Medici

  • Cantel Medical Corp.

  • West Pharmaceutical Services, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1ox4l0

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