Medical Device Outsourcing Market Analysis, Top Companies, New Technology, Demand and Opportunity
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Posté le:
Mar-06-2020
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Word Count article:
497
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High-quality products making it to the market and the need to reduce rising medical equipment cost are driving the medical device outsourcing market. It valued at $45.0 billion in 2016 and is expected to grow at a 9.7% CAGR during the forecast period (2017–2023).
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Medical device outsourcing is the contract manufacturing of medical equipment, devices, and components done by third-party companies. One of the factors driving the market is the rising demand for reduction in the cost of devices.
The outsourcing of medical device manufacturing helps original equipment manufacturers (OEMs) cut down on manufacturing costs, thereby making products cheaper for end users. They are focusing on effective technology reuse to lower the production cost of their products. Quarterly cost savings in areas, such as custom electronic components, sheet/metal enclosure fabrication, standard electronic components, box build/systems integration/mechanical assembly work, printed circuit board, and contract manufacturer rates, are monitored by OEMs and contract manufacturing partners.
Further, the medical device outsourcing market is experiencing growth with the rising need for effective marketing of products. Besides cheap labor, contract manufacturing of medical devices allows OEMs to market the products swiftly. Products are manufactured faster by outsourcing different production phases to multiple partners. Employing experts and training people is time consuming, and outsourcing offers OEMs a way out of it. The majority of medical device-manufacturing equipment is made in Taiwan, South Korea, and China. Rather than procuring the equipment, outsourcing the medical device manufacturing itself to such locations is more convenient.
The medical device outsourcing market is segmented by geography, product, service, device type, and application. Based on device type, the categories are class I, class II, and class III. Medical devices falling under class II are expected to lead the market throughout the forecast period in terms of revenue generation. These include infusion pumps, X-ray machines, surgical drapes, powered wheelchairs, and acupuncture needles. The increase in surgical procedures across the globe is resulting in their growing demand. However, the fastest growth, at a 10.2% CAGR, is expected to be exhibited by class III devices.
Therefore, the market for outsourced manufacturing of medical devices is slated to progress in the forecast period with an increasing demand for these products in medical settings.
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET SEGMENTATION
By Product
• Electronics
• Raw materials/ Components
• Finished goods
By Device Type
• Class I
• Class II
• Class III
By Application
• Orthopaedic & Spine
• Cardiovascular
• Radiology
• General Medical Devices
• Others
By Service
• Prototype Development
• Finished Device Manufacturing
• Assembly & Packaging
• Testing & Certification
By Geography
• North America Medical Device Outsourcing Market
o By product
o By device type
o By application
o By service
o By country – U.S., Canada, Mexico
• Europe Medical Device Outsourcing Market
o By product
o By device type
o By application
o By service
o By country – Germany, France, U.K., Italy, Spain and Rest of Europe
• Asia-Pacific Medical Device Outsourcing Market
o By product
o By device type
o By application
o By service
o By country – Japan, China, India, Australia, South Korea and Rest of Asia-Pacific
• Latin America and Middle East & Africa (LAMEA) Medical Device Outsourcing Market
o By product
o By device type
o By application
o By service
o By country – Brazil, Saudi Arabia, South Africa and Rest of LAMEA
https://psmarketresearch.com/market-analysis/medical-device-outsourcing-market
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Source de l'article :
http://fr.articleseen.com/Article_Medical Device Outsourcing Market Analysis, Top Companies, New Technology, Demand and Opportunity_994.aspx
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auteur ressource :
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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Mots-clés :
Medical Device Outsourcing Market , Size, ,
Catégorie :
Arts et Divertissement
:
Philosophie
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