Technavio has been monitoring the medical device manufacturing outsourcing market and it is poised to grow by USD 39.25 billion during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Medical Device Manufacturing Outsourcing Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cardinal Health Inc., Celestica Inc., Eurofins Scientific S.E, Flex Ltd., Integer Holdings Corp., Nortech Systems Inc., Sanmina Corp., TE Connectivity Ltd., Tecomet Inc., and West Pharmaceutical Services Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Focus on reducing medical device manufacturing cost has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/medical-device-manufacturing-outsourcing-market-industry-analysis
Medical Device Manufacturing Outsourcing Market 2020-2024: Segmentation
Medical Device Manufacturing Outsourcing Market is segmented as below:
In-vitro Diagnostics (IVDs)
General Medical Devices
Product Design And Development
Product Upgrade And Maintenance
Supply Chain Management
Medical Device Regulatory Classification
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Medical Device Manufacturing Outsourcing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical device manufacturing outsourcing market report covers the following areas:
Medical Device Manufacturing Outsourcing Market Size
Medical Device Manufacturing Outsourcing Market Trends
Medical Device Manufacturing Outsourcing Market Analysis
This study identifies the preference for emerging countries for outsourcing medical device manufacturing as one of the prime reasons driving the medical device manufacturing outsourcing market growth during the next few years.
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Medical Device Manufacturing Outsourcing Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist medical device manufacturing outsourcing market growth during the next five years
Estimation of the medical device manufacturing outsourcing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the medical device manufacturing outsourcing market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of medical device manufacturing outsourcing market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
EMS - Market size and forecast 2019-2024
Raw materials - Market size and forecast 2019-2024
Finished goods - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Comparison by Application placement
Orthopedics - Market size and forecast 2019-2024
Cardiovascular - Market size and forecast 2019-2024
Medical Imaging - Market size and forecast 2019-2024
In-vitro diagnostics (IVDs) - Market size and forecast 2019-2024
General medical devices - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Market Segmentation by Service
Comparison by Service placement
Product design and development - Market size and forecast 2019-2024
Product upgrade and maintenance - Market size and forecast 2019-2024
Regulatory consulting - Market size and forecast 2019-2024
Product testing - Market size and forecast 2019-2024
Supply chain management - Market size and forecast 2019-2024
Product implementation - Market size and forecast 2019-2024
Market opportunity by Service
Market Segmentation by Medical Device Regulatory Classification
Comparison by Medical Device Regulatory Classification placement
Class II - Market size and forecast 2019-2024
Class III - Market size and forecast 2019-2024
Class I - Market size and forecast 2019-2024
Market opportunity by Medical Device Regulatory Classification
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Cardinal Health Inc.
Eurofins Scientific S.E
Integer Holdings Corp.
Nortech Systems Inc.
TE Connectivity Ltd.
West Pharmaceutical Services Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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