According to AMR’s prediction, “Medical Device Outsourcing Market by Product, Device Type, Application, and Services: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global medical outsourcing market size was valued at $59,723.42 million in 2020, and is projected to reach $137,948.92 million by 2030, registering a CAGR of 8.9% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –
- By product, the finished product segment dominates the global medical device export market and is expected to continue during the forecast period due to increasing disease, life expectancy and geriatric population.
- By device type, the class II device segment dominates the global external medical device market in 2020 and is expected to dominate the market due to the increasing demand for surgical instruments and test equipment.
- By application, the overall medical device segment currently dominates the global medical device export market and is expected to continue during the forecast period due to increasing demand of chronic devices and the growing attention of the medical device outsourcing industry.
The main factors driving the growth of the medical device export market include the increasing geriatric population and the increasing number of patients suffering from chronic diseases, such as back disease, diabetes, and heart disease. Also, outsourcing allows companies to focus on their core business which leads to market growth. However, the fear of loss of confidential information will hinder market growth.
The medical device export market is segmented on the basis of product, device type, application, service and region. On the basis of product, the market is segmented into finished goods, electronics and equipment. On the basis of product, the finished product segment dominates the global external medical device market and is expected to continue during the forecast period due to increasing disease, life expectancy and geriatric population.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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On the basis of services, the market is classified into prototype development, finished device manufacturing, assembly & packaging, and testing & regulatory support services. The finished device manufacturing segment dominated the global medical device outsourcing market in 2020 and is anticipated to be dominant in the market owing to unprecedented demand for technical support pertaining to raw material and finished product testing.
Key Market Players –
Major key players that operate in the industry are
Cardinal Health, Inc.
Onex Corporation
Te Connectivity Ltd.
Flex Ltd.
Heraeus Holding GmBH
Integer Holdings Corporation
Nortech Systems Incorporated
Plexus Corp.
Sanmina Corporation
West Pharmaceutical Services, Inc.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
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Frequently Asked Questions?
Q1. What is the total market value of global Medical Device Outsourcing Market?
Q2. Which market holds the maximum market share of the global Medical Device Outsourcing Market?
Q3. What will be global Medical Device Outsourcing Market growth in 2030?
Q4. What are the key trends in the global Medical Device Outsourcing Market?
Q5. What are the key growth strategies of global Medical Device Outsourcing Market players?
Q6. How the company profile has been selected?
About Us –
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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