In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Medical Device Contract Manufacturing Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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The medical device contract manufacturing market is expanding significantly, as several life science companies are increasing their outsourcing activities as a strategy to reduce capital expenditure and labor costs. The in-vitro diagnostic medical devices segment is anticipated to expand during the forecast period, as the devices offer a promising solution for the rapid diagnosis of diseases. These products offer superior solutions compared to other diagnosis products, by offering desired outcomes and effectiveness in diagnosing. An increase in the incidence of chronic diseases has fueled demand for products that offer rapid and efficient healing. Thus, a majority of hospitals have shifted their preferences toward advanced products. These products help decrease the average length of stay in hospitals through early recovery from disease. This, in turn, helps reduce surgical costs. Therefore, a rise in demand for advanced products that increase therapeutic outcomes drives the medical device contract manufacturing market.
The global medical device contract manufacturing market has been extensively analyzed based on device type, type of manufacturing, service, application, and region. In terms of device type, the global market has been classified into in-vitro diagnostic medical devices, diagnostic imaging & medical equipment, drug delivery devices, patient monitoring devices, minimally access surgical instruments, therapeutic patient assistive devices, and others. Based on type of manufacturing, the global medical device contract manufacturing market has been classified into raw materials, electronics, and finished goods. In terms of service, the global medical device contract manufacturing market has been split into prototype development, finished device manufacturing, assembly & packaging, testing & regulatory support services, molding & casting, and others. Based on application, the global medical device contract manufacturing market has been divided into cardiovascular, orthopedic, neurovascular, pulmonary, oncology, laparoscopy, urology & gynecology, radiology, and others. Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The report provides current and future market size for each segment and sub-segment for the period from 2018 to 2026, in terms of revenue in US$ Mn, considering 2017 as the base year The compound annual growth rate (%CAGR) for each market segment has been provided for the forecast period from 2018 to 2026, along with the estimations of market size.
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The report concludes with the company profiles section that includes key information about the major players in the market. Key players profiled in this report include Flextronics International, LTD., Jabil Inc., Benchmark Electronics, Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, and Nordson Corporation. Each of these players has been profiled in the report considering parameters such as company overview, financial overview, business strategies, product portfolio, and recent developments.
The global medical device contract manufacturing market has been segmented as follows:
- Global Medical Device Contract Manufacturing Market, by Device Type
- In-vitro Diagnostic Medical Devices
- Diagnostic Imaging & Medical Equipment
- Drug Delivery Devices
- Patient Monitoring Devices
- Minimally Access Surgical Instruments
- Therapeutic Patient Assistive Devices
- Global Medical Device Contract Manufacturing Market, by Type of Manufacturing
- Raw Materials
- Finished Goods
- Global Medical Device Contract Manufacturing Market, by Service
- Prototype Development
- Finished Device Manufacturing
- Assembly & Packaging
- Testing & Regulatory Support Services
- Molding & Casting
- Global Medical Device Contract Manufacturing Market, by Application
- Urology & Gynecology
- Global Medical Device Contract Manufacturing Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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