Global Medical Device Contract Manufacturing Market by Device Type (IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Orthopaedic, Ophthalmic, Endoscopy Devices), Class of Device (Class I, II, III), & Services - Global Forecast to 2027

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Global Medical Device Contract Manufacturing Market

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Global Medical Device Contract Manufacturing Market by Device Type (IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Orthopaedic, Ophthalmic, Endoscopy Devices), Class of Device (Class I, II, III), & Services - Global Forecast to 2027
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Global Medical Device Contract Manufacturing Market by Device Type (IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Orthopaedic, Ophthalmic, Endoscopy Devices), Class of Device (Class I, II, III), & Services - Global Forecast to 2027
Published: September-2021 Report Code: MEDE2109 Available Format: Pages: 1-236
Category : Medical Devices
The global medical device contract manufacturing market is expected to grow at a CAGR of ~10.9% from 2021 to reach ~122.8 billion by 2027. The growth is primarily attributed to rising prevalence of lifestyle diseases, growing life expectancy, growing medical device market, technological advancement and rising geriatric population, and impact of industry 4.0 on medical device industry. However, consolidation in the medical devices is expected to hinder the growth of the market. 



By Device type: IVD segment to grow at highest CAGR 
Based on device type, IVD segment accounted for largest share of medical device contract manufacturing market in 2020. The growth of this segment can be ascribed by COVID pandemic, rising number of hospitals & clinics, technological advancements, advancement in life science research, rising volume of IVD tests and greater availability of IVD kits and reagents. Due to COVID pandemic demand for kits and devices has increased which is expected to drive the outsourcing of IVD devices and kits. 

By service type: Device development and manufacturing services accounted for the largest market share in 2020 
Device development and manufacturing services segment accounted for the largest market share of the medical device contract manufacturing market, by service type in 2020. The large market share is mainly attributed to rising adoption of contract manufacturing services, rapidly growing medical device market and improving manufacturing abilities. 

By Class of device:  Class II segment expected to grow at the highest rate
By class of device, medical device contract manufacturing market is segmented into Class I medical devices, Class II medical devices and Class III medical devices. Class II segment accounted for highest CAGR in the forecast period. The growth of this segment can be attributed to relaxed regulatory compliance during COVID-pandemic and rising utilization of medical devices. 

By Region: APAC is expected to dominate the regional market
APAC is expected to dominate the medical device contract manufacturing market by region. The large share is primarily attributed to lower cost of raw material, growing demand for medical devices, low cost labor, technological advancements, and relaxed regulatory framework. In addition, large patient pool, improving healthcare infrastructure, and government initiatives are driving the growth of this market in this region. 

Competitive Scenario
Key players operating in this 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)
  • Teleflex Incorporated (US)
  • Nordson Corporation (US)
  • Tecomet Inc. (US)
  • SMC Ltd. (US)
  • Nemera (France)
  • Tessy Plastics Corporation (US)

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. COVID-19 Impact of the Medical Device Contract Manufacturing Market

5. Industry Insights
5.1. Introduction
5.2. Industry Trends

6. Global Medical Device Contract Manufacturing Market, By Device Type, 2019-2027 (USD Million)
6.1. IVD Devices
6.1.1. Equipment
6.1.2. Consumables 
6.2. Diagnostic Imaging Devices
6.3. Cardiovascular Devices
6.4. Drug Delivery Devices
6.5. Orthopedic Devices
6.6. Ophthalmology Devices
6.7. Diabetes Care Devices
6.8. Dental Devices
6.9. Endoscopy Devices
6.10. Respiratory Care Devices
6.11. Surgical Devices
6.12. Gynaecology/Urology Devices
6.13. Personal Care
6.14. Neurology Devices
6.15. Other Devices

7. Global Medical Device Contract Manufacturing Market, By Service Type, 2019-2027 (USD Million)
7.1. Device Development and Manufacturing Services
7.1.1. Device Manufacturing Services 
7.1.2. Process Development Services
7.1.3. Device Engineering Services
7.2. Quality Management Services
7.2.1. Packaging Validation Services
7.2.2. Inspection and Testing Services
7.2.3. Sterilization Services

8. Global Medical Device Contract Manufacturing Market, By Class of Devices, 2019-2027 (USD Million)
8.1. Class II Medical Devices
8.2. Class I Medical Devices
8.3. Class III Medical Devices

9. Global Medical Device Contract Manufacturing Market, By Geography, 2019-2027 (USD Million)
9.1. North America
9.1.1. US
9.1.2. Canada
9.2. Europe
9.2.1. Germany
9.2.2. UK
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Latin America
9.4.2. Middle East & Africa

10. Competitive Landscape
10.1. Introduction
10.2. Market Share Analysis, By Key Players (2020)
10.3. Competitive Situation and Trends
10.3.1. Product Launches
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Acquisitions
10.3.4. Expansions
10.3.5. Other Developments

11. Company Profiles
11.1. Flex, Ltd. (Singapore)
11.2. Jabil, Inc. (US)
11.3. TE Connectivity, Ltd. (Switzerland)
11.4. Sanmina Corporation (US)
11.5. Nipro Corporation (Japan)
11.6. Celestica International (Canada)
11.7. Plexus Corporation (US)
11.8. Benchmark Electronics, Inc. (US)
11.9. Integer Holdings Corporation (US)
11.10. Gerresheimer Ag (Germany)
11.11. West Pharmaceutical Services, Inc. (US)
11.12. Nortech Systems, Inc. (US)
11.13. Consort Medical PLC (UK)
11.14. Kimball Electronics Inc. (US)
11.15. Teleflex Incorporated (US)
11.16. Nordson Corporation (US)
11.17. Tecomet, Inc. (US)
11.18. SMC Ltd. (US)
11.19. Nemera (France)
11.20. Tessy Plastics Corporation (US)

12. Appendix

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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