Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Š Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description The report on Global Medical Device Outsourcing Market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to report the global medical device outsourcing market is expected to grow at a CAGR of 12% over the forecast period of 2017 – 2023. The global market size of medical device outsourcing market is expected to surpass USD xxx.x billion by 2023. Outsourcing of medical device manufacturing is gaining importance among original equipment manufacturers as it helps to influence their rare resources and maximize essential capabilities. The recent decrease in healthcare economy has hassled medical companies to reduce operational costs and their manufacturing expenditures. The process of manufacturing medical devices requires unnecessary labour and involves high engineering costs, the need for outsourcing will upsurge considerably as it helps to eliminate the need for pharmaceutical companies to hire employees and also reduces product development costs. This report estimates the market size of medical device outsourcing market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for medical device outsourcing market in numerous applications is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global medical device outsourcing market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of medical device outsourcing market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of medical device outsourcing market. Š Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global medical device outsourcing market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope MEDICAL DEVICE OUTSOURCING MARKET SEGMENTATION
MEDICAL DEVICE OUTSOURCING MARKET
Application Class I Class II Class III
Service Regulatory Consulting Product Design and Development Product Testing & Sterilization Product Implementation Product Upgrade Product Maintenance Contract Manufacturing
Therapeutics Cardiology Drug delivery Dental Endoscopy General and plastic surgery Soft Drinks Diabetes care Others
Region
North America Europe Asia Pacific RoW
The report on global medical device outsourcing market covers segments such as application, service, and therapeutics. The application segment includes class I, class II, and class III. The service segment includes regulatory consulting services, product design and development services, product testing & sterilization services, product implementation services, product maintenance services, and contract manufacturing. On the basis © Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
therapeutics global medical device outsourcing market is categorized into cardiology, drug delivery, dental, endoscopy, general and plastic surgery and diabetes care. Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Medical device outsourcing market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH © Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Data Collection Matrix RESEARCH METHODOLOGY: DATA COLLECTION MATRIX
Demand Side Analysis
GLOBAL MARKET SIZE (CONSUMPTION)
Supply Side Analysis
Production +Import -Export
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global medical device outsourcing market. The supply side analysis considers the production of medical device outsourcing. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the medical device outsourcing. The demand side analysis considers the applications areas of the medical device outsourcing market. In this approach the various industry players are considered. The application areas provide the data of consumption of medical device outsourcing in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional medical device outsourcing market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export Š Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size
Accumulation of the country level market size (value) Regional market size of medical device outsourcing and its applications
Market Share of Key Players
Segment revenue of the key players Country level market size by therapeutics and applications (value)
Key Market Players
Identifying key players in the medical device outsourcing market
Arriving at Regional/Country Market Size
Accumulation of the regional/country market size (value) Global market size of therapeutics and applications
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Global market size of medical device outsourcing market Value for 2016 to 2013
% breakdown by market segments by therapeutics and applications Value for 2016 and 2023
Determine the Regional Market Size
Country Level Market Sizing
Regional market size of the medical device outsourcing market (value) Regional market size of therapeutics and applications Country level market size of the medical device outsourcing market in every region (value) Country level market size of therapeutics and applications in every region
TOP-DOWN APPROACH
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The study on global medical device outsourcing market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global medical device outsourcing market. The estimates in the global medical device outsourcing market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of medical device outsourcing market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the applications Class I, Class II, and Class III. Executive Summary Global Medical Device Outsourcing Market Highlights, (USD Million) The global medical device outsourcing market is expected to grow at a CAGR of 12 % between 2017 and 2023 in terms of value. Rise in elderly population and increase in number of patients suffering from chronic disorders, such as diabetes, spine disorders, and cardiovascular diseases, are expected to drive the growth of this market. Moreover, increasing competition among manufacturers leading to development of products at lower cost is one of the key factors that drives the growth of this market over the forecast period. Furthermore, threat of loss of private information is expected to restraint the growth of this market over the forecast period 2017 – 2023. Furthermore, increasing difficulties in product engineering attached with increasing number of entrant manufacturers are expected to provide opportunities to the medical device outsourcing industry. Š Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The leading players in the global medical device outsourcing market include NSF International, Dravon Medical Inc., Code Refinery LLC, HCL Technologies Ltd., Millstone Medical Outsourcing, Millstone Medical Outsourcing, Cadence Inc., Plexus Corporation, Memry Corporation., CoorsTek Medical LLC, and Celestica HealthTech. GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Medical device outsourcing market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to increasing rate of obesity and other lifestyle disorders. The global market size of medical device outsourcingin terms of value was USD xxx.x million in 2015.
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, CAGR (USD MN) GROWTH BY REGIONS (2016 – 2023)
xx.x xx.x
xx.x xx.x
2016
2016
2023
2023
xx.x
xx.x
2016
2023
xx.x xx.x
2016
2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The report covers the analysis of global as well as regional markets of medical device outsourcing. Asia Pacific dominated the global market of medical device outsourcing by accounting for the largest market share. While the Asia Pacific region is expected to grow at a highest CAGR over the forecast period. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global medical device outsourcing market. It covers analysis of short term and long term impact of drivers and restraints. Through this © Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the medical device outsourcing market. Drivers refer to the factors that are expected to drive or boost the market size or demand for medical device outsourcing. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of medical device outsourcing market both in short run and long run. DRIVERS OF MEDICAL DEVICE OUTSOURCING MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
RESTRAINTS OF MEDICAL DEVICE OUTSOURCING MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
© Infinium Global Research
LOW
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low Risky Zone
Retention Zone Market Size Low
High
North America
Europe
Latin America
RoW
Asia-Pacific
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET BY APPLICATION, 2016 - 2023 (% SHARE) 2016
2023
Class I Class II Class III
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET BY APPLICATION, 2015 - 2023 (USD MILLION)
2015
2016 Class I
2017 Class III
2023
Class III
GLOBAL CLASS I BY REGIONS, 2015 - 2023 (USD MILLION)
North America
Europe
Asia-Pacific 2015
© Infinium Global Research
2016
2017
ROW
2023
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL CLASS II BY REGIONS, 2015 - 2023 (USD MILLION)
North America
Europe
Asia-Pacific 2015
2016
2017
ROW
2023
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET BY REGION, 2016 - 2023 (% SHARE) 2016
2023 North America
Europe
Asia-Pacific
ROW
© Infinium Global Research
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL MEDICAL DEVICE OUTSOURCING MARKET BY REGION, 2015 - 2023 (USD MILLION)
North America
Europe
Asia-Pacific 2015
2016
2017
ROW
2023
NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET BY APPLICATION, 2015 - 2023 (USD MILLION)
2015
2016 Class I
© Infinium Global Research
2017 Class III
2023
Class III
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Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Company Profiling NSF International Company Snapshot
NSF International CONTACT DETAILS: Address: NSF International P.O. Box 130140 789 N. Dixboro Road Ann Arbor, MI 48105, USA Tele: +1 734 769 8010
Website: http://www.nsf.org/ KEY FEATURES: No. of Employees: No. of countries of operation:
SWOT ANALYSIS: STRENGHTS Sample text sample text Sample text sample text
OPPORTUNITIES Sample text sample text Sample text sample text
WEAKNESS Sample text sample text
THREATS Sample text sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3 Product 4
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-medicaldevice-outsourcing-market © Infinium Global Research
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