Medical Device Contract Manufacturing Market – Trends Forecast Till 2028

Medical Device Contract Manufacturing Market, By Device Type (IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Orthopedic, Ophthalmic, Endoscopy Devices), Class of Device (Class I, II, III) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: July, 2021

Base Year Estimate: 2020

Report ID: D-HC-MDCMM-262

Format:  

Number of Pages: 341

Domain: Healthcare

Medical Device Contract Manufacturing Market – Trends Forecast Till 2028

Global Medical Device Contract Manufacturing market is anticipated to reach USD 66.9 billion in 2021 growing at a CAGR of 11.6% during the forecasting period, 2021-2028.

Medical device contract manufacturing is essentially the outsourcing of device manufacturing to different companies on a contact basis. The companies design and manufacture the desired Products which are sold under the label of the other company. This method not just ensure a good quality but also tends to reduce the burden of the main company. The contractual companies are usually smaller and are thus unable to buy costly raw material and thus through the contract they get an access to the raw materials.

With the recent technological advancements along with adoption of robotics and automation in the sector are some of the factors that have supported long-term expansion for Medical Device Contract Manufacturing industry.

Medical Device Contract Manufacturing Market Report

Global Medical Device Contract Manufacturing market is segmented into Device Type, Class of Device and geography.

Device Type segment is segmented into IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Orthopedic, Ophthalmic, Endoscopy Devices

Class of Device segment is segmented into Class I, II, III

Key players in global Medical Device Contract Manufacturing market are Flex, Ltd. (Singapore), Jabil, Inc. (US), TE Connectivity, Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica International (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), West Pharmaceutical Services, Inc. (US), Nortech Systems, Inc. (US), Consort Medical PLC (UK), Kimball Electronics Inc. (US), and Teleflex Incorporated (US). Other players operating in the market include Nordson Corporation (US), Tecomet, Inc. (US), SMC Ltd. (US), Nemera (France), and Tessy Plastics Corporation (US) among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Medical Device Contract Manufacturing market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Medical Device Contract Manufacturing market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Medical Device Contract Manufacturing market.

Primary Respondent breakdown is given below:

Medical Device Contract Manufacturing Market Primary Respondent

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Medical Device Contract Manufacturing market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Medical Device Contract Manufacturing market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 66.9 billion

Growth Rate

CAGR of 11.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Device Type, Class of Device and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Flex, Ltd. (Singapore), Jabil, Inc. (US), TE Connectivity, Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica International (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), West Pharmaceutical Services, Inc. (US), Nortech Systems, Inc. (US), Consort Medical PLC (UK), Kimball Electronics Inc. (US), and Teleflex Incorporated (US). Other players operating in the market include Nordson Corporation (US), Tecomet, Inc. (US), SMC Ltd. (US), Nemera (France), and Tessy Plastics Corporation (US)

Available Customization

In addition to the market data for Medical Device Contract Manufacturing market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement.

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