Medical Device Manufacturing Outsourcing Market Research Report by Technavio expects USD 27.12 Bn incremental growth

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NEW YORK, Aug. 18, 2022 /PRNewswire/ — The “Medical Device Manufacturing Outsourcing Market by Product, Medical Device Regulatory Classification, and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to grow by USD 27.12 billion between 2020 and 2025. The market witnessed a YOY growth of 5.73% in 2021 and the growth momentum is expected to accelerate at a CAGR of 7.81% during the forecast period. The report identifies North America as the major market for medical device manufacturing outsourcing services. The region will occupy 34% of the global market share. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here

One of the primary growth drivers for this market is the growing focus of OEMs on reducing medical device manufacturing costs. Manufacturing medical devices require high engineering capabilities and high labor costs. Thus, in order to reduce operational and production costs, manufacturers of medical devices have started outsourcing their manufacturing operations. This trend is gaining significant popularity among OEMs as outsourcing helps them achieve sustainability and reduce product development costs by 10%-30%. All these factors are expected to drive the growth of the global medical device manufacturing outsourcing market during the forecast period.

“The growing complexities in product design and development and expansion of medical device manufacturing plants by OEMs in emerging countries will further accelerate the growth of the market. However, the presence of stringent regulatory environment in most countries will challenge the growth of market players,” says a senior analyst at Technavio.

• By product, the market is analyzed across segments such as EMS, raw materials, and finished goods.
• The EMS segment will have the largest share of the market.
• Factors such as an increase in healthcare expenditure, high growth potential arising from emerging economies such as India, China, and Brazil, and rapid advances in medical device technologies are driving the growth of the segment.
• The market growth in the EMS segment will be significant during the forecast period.

• By medical devices regulatory classification, the market is analyzed across segments such as class II, class III, and class I.
• The class II medical devices segment generated the maximum revenue in the market in 2021.
• The segment is driven by the growing preference among OEMs to approach outsourcing companies for manufacturing their class II medical device products.
• The growing number of surgical procedures and increasing complexity of device designing are also driving the growth of the segment.

• 38% of the growth will originate from the APAC region.
• Factors such as increasing R&D investments, M&A activities, increasing collaboration between vendors, and growing technological advances are driving the growth of the regional market.
• Also, the increasing manufacturing of class II medical devices is contributing to the growth of the medical device manufacturing outsourcing market in North America.
• The US is the key market for medical device manufacturing outsourcing market in North America.
• Countries such as China, Germany, Japan, and India will also emerge as major markets for medical device manufacturing outsourcing during the forecast period.

• The medical device manufacturing outsourcing market size is expected to accelerate at a CAGR of 7.81% during the forecast period.
• The medical device manufacturing outsourcing market is segmented by product (EMS, raw materials, and finished goods), medical device regulatory classification (class II, class III, and class I), and geography (North America, Asia, Europe, and ROW).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report identifies Cadence Inc., Celestica Inc., Eurofins Scientific SE, Flex Ltd., Integer Holdings Corp., Jabil Inc., Nortech Systems Inc., Sanmina Corp., TE Connectivity Ltd., and Tecomet Inc. as dominant players.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request Sample Report Now

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1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Healthcare equipment

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 – 2025
• Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product – Market share 2020-2025 (%)

• 5.2 Comparison by Product
• Exhibit 16: Comparison by Product

• 5.3 EMS – Market size and forecast 2020-2025
• Exhibit 17: EMS – Market size and forecast 2020-2025 ($ million)
• Exhibit 18: EMS – Year-over-year growth 2020-2025 (%)

• 5.4 Raw materials – Market size and forecast 2020-2025
• Exhibit 19: Raw materials – Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Raw materials – Year-over-year growth 2020-2025 (%)

• 5.5 Finished goods – Market size and forecast 2020-2025
• Exhibit 21: Finished goods – Market size and forecast 2020-2025 ($ million)
• Exhibit 22: Finished goods – Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by Product
• Exhibit 23: Market opportunity by Product

6 Market Segmentation by Medical device regulatory classification

• 6.1 Market segments
• Exhibit 24: Medical device regulatory classification – Market share 2020-2025 (%)

• 6.2 Comparison by Medical device regulatory classification
• Exhibit 25: Comparison by Medical device regulatory classification

• 6.3 Class II – Market size and forecast 2020-2025
• Exhibit 26: Class II – Market size and forecast 2020-2025 ($ million)
• Exhibit 27: Class II – Year-over-year growth 2020-2025 (%)

• 6.4 Class III – Market size and forecast 2020-2025
• Exhibit 28: Class III – Market size and forecast 2020-2025 ($ million)
• Exhibit 29: Class III – Year-over-year growth 2020-2025 (%)

• 6.5 Class I – Market size and forecast 2020-2025
• Exhibit 30: Class I – Market size and forecast 2020-2025 ($ million)
• Exhibit 31: Class I – Year-over-year growth 2020-2025 (%)

• 6.6 Market opportunity by Medical device regulatory classification
• Exhibit 32: Market opportunity by Medical device regulatory classification

7 Customer landscape

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 34: Market share by geography 2020-2025 (%)

• 8.2 Geographic comparison
• Exhibit 35: Geographic comparison

• 8.3 North America – Market size and forecast 2020-2025
• Exhibit 36: North America – Market size and forecast 2020-2025 ($ million)
• Exhibit 37: North America – Year-over-year growth 2020-2025 (%)

• 8.4 Asia – Market size and forecast 2020-2025
• Exhibit 38: Asia – Market size and forecast 2020-2025 ($ million)
• Exhibit 39: Asia – Year-over-year growth 2020-2025 (%)

• 8.5 Europe – Market size and forecast 2020-2025
• Exhibit 40: Europe – Market size and forecast 2020-2025 ($ million)
• Exhibit 41: Europe – Year-over-year growth 2020-2025 (%)

• 8.6 ROW – Market size and forecast 2020-2025
• Exhibit 42: ROW – Market size and forecast 2020-2025 ($ million)
• Exhibit 43: ROW – Year-over-year growth 2020-2025 (%)

• 8.7 Key leading countries
• Exhibit 44: Key leading countries

• 8.8 Market opportunity by geography
• Exhibit 45: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges
• Exhibit 46: Impact of drivers and challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 47: Vendor landscape

• 10.3 Landscape disruption
• Exhibit 48: Landscape disruption
• Exhibit 49: Industry risks

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 50: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 51: Market positioning of vendors

• 11.3 Cadence Inc.
• Exhibit 52: Cadence Inc. – Overview
• Exhibit 53: Cadence Inc. – Product and service
• Exhibit 54: Cadence Inc. – Key offerings

• 11.4 Celestica Inc.
• Exhibit 55: Celestica Inc. – Overview
• Exhibit 56: Celestica Inc. – Business segments
• Exhibit 57: Celestica Inc. – Key offerings
• Exhibit 58: Celestica Inc. – Segment focus

• 11.5 Eurofins Scientific SE
• Exhibit 59: Eurofins Scientific SE – Overview
• Exhibit 60: Eurofins Scientific SE – Business segments
• Exhibit 61: Eurofins Scientific SE – Key news
• Exhibit 62: Eurofins Scientific SE – Key offerings
• Exhibit 63: Eurofins Scientific SE – Segment focus

• 11.6 Flex Ltd.
• Exhibit 64: Flex Ltd. – Overview
• Exhibit 65: Flex Ltd. – Business segments
• Exhibit 66: Flex Ltd. – Key offerings
• Exhibit 67: Flex Ltd. – Segment focus

• 11.7 Integer Holdings Corp.
• Exhibit 68: Integer Holdings Corp. – Overview
• Exhibit 69: Integer Holdings Corp. – Business segments
• Exhibit 70: Integer Holdings Corp. – Key offerings
• Exhibit 71: Integer Holdings Corp. – Segment focus

• 11.8 Jabil Inc.
• Exhibit 72: Jabil Inc. – Overview
• Exhibit 73: Jabil Inc. – Business segments
• Exhibit 74: Jabil Inc. – Key news
• Exhibit 75: Jabil Inc. – Key offerings
• Exhibit 76: Jabil Inc. – Segment focus

• 11.9 Nortech Systems Inc.
• Exhibit 77: Nortech Systems Inc. – Overview
• Exhibit 78: Nortech Systems Inc. – Business segments
• Exhibit 79: Nortech Systems Inc. – Key offerings

• 11.10 Sanmina Corp.
• Exhibit 80: Sanmina Corp. – Overview
• Exhibit 81: Sanmina Corp. – Business segments
• Exhibit 82: Sanmina Corp. – Key offerings
• Exhibit 83: Sanmina Corp. – Segment focus

• 11.11 TE Connectivity Ltd.
• Exhibit 84: TE Connectivity Ltd. – Overview
• Exhibit 85: TE Connectivity Ltd. – Business segments
• Exhibit 86: TE Connectivity Ltd. – Key offerings
• Exhibit 87: TE Connectivity Ltd. – Segment focus

• 11.12 Tecomet Inc.
• Exhibit 88: Tecomet Inc. – Overview
• Exhibit 89: Tecomet Inc. – Product and service
• Exhibit 90: Tecomet Inc. – Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$
• Exhibit 91: Currency conversion rates for US$

• 12.3 Research methodology
• Exhibit 92: Research Methodology
• Exhibit 93: Validation techniques employed for market sizing
• Exhibit 94: Information sources

• 12.4 List of abbreviations
• Exhibit 95: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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