Medical Device Contract Manufacturing: World Market Outlook 2011-2021
Visiongain
November 21, 2011 112 Pages - SKU: VSG6735005
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Countries covered: Global
The medical device industry has witnessed explosive growth in recent years. According to visiongain estimates, the global market was worth $236.1bn in 2010. Much of this growth is linked to the rising prevalence of diseases worldwide, most notably cardiac and neurological disorders. As most of the prominent companies in the industry operate globally, the growth of the industry is highly dependent on the economic conditions prevailing in the international market. As a result, the industry was not immune to the recent global recession and faced numerous issues including price/volume concerns, healthcare reforms and a more restrictive regulatory environment. Responding to pricing pressure remains a key concern for companies in the medical device industry. The governmental effort to contain healthcare costs and the continuing pressure from hospitals and health systems to renegotiate on pricing due to potential medical reimbursement cuts, have increased pressure on medical device manufactures to rework their pricing strategies. One such strategy employed by medical devices companies to cut costs includes outsourcing.
The medical device industry has been using outsourcing for almost a decade and this has allowed original equipment manufacturers (OEMs) to cut product development costs by up to 30%. These outsourcing companies are becoming more and more sophisticated and diverse as they continue to grow their core areas of expertise. As a result, medical device outsourcing companies can offer services ranging from product development, design, manufacturing, engineering, and pre-clinical testing to supply chain management (sterilisation, packaging and warehousing).
Our latest pharma report - Medical Device Contract Manufacturing: World Market Outlook 2011-2021 - examines the global medical device and contract manufacturing markets over the next decade, providing detailed market forecasts for three main segments of the contract manufacturing market - material processing, electronics, and finished products. The report analyses recent trends in this market and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report offers in-depth analysis of the opportunities and challenges facing companies in the market throughout the world. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the industry, while the analysis is underpinned by original interviews with experts within the medical device contract manufacturing market.
Detailed analysis of the global Medical Device Contract Manufacturing Market
Medical Device Contract Manufacturing: World Market Outlook 2011-2021 examines that sector critically, through a comprehensive review of information sources, both primary and secondary. In our report you find revenue forecasts, growth rates and market shares. You also receive qualitative analyses, opinions from our survey and a review of companies. Discover 64 tables and charts and a research interview (shown in the accompanying lists).
Why you should buy Medical Device Contract Manufacturing: World Market Outlook 2011-2021
In this report, you will receive the following benefits in particular:
- You will receive our assessment of the current market for medical device contract manufacturing, with respect to the leading segments, products, companies and national markets
- You will discover sales trends for the overall medical device contract manufacturing market from 2011 to 2021 - seeing where commercial growth will occur
- You will discover sales trends for the main segments - materials processing, electronic manufacturing services, and finished products - from 2011 to 2021, with detailed discussions of market potential
- You will receive sales forecasts for leading geographical markets (US, Japan, Germany, France, Italy, Spain, UK, China and India), with informed discussion
- You will assess leading contract manufacturing organisations in the medical device contract manufacturing market
- You will examine the strengths, weaknesses, opportunities and threats (SWOT analysis) facing the medical device contract manufacturing market from 2011 onwards
- You will be able to investigate competition and opportunities influencing the medical device contract manufacturing market from 2011 onwards
- You will see what will stimulate and restrain the market from 2011
- You will discover the unmet needs in the market, driving the growth from 2011 onwards
- You will view expert opinion from our survey, including full interview transcripts.
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Additional InformationCompanies Listed
Accellent
AccuPlace
Advanced Moulding Technologies
Advanced Scientifics
AdvantaPure
ATEK Medical
B. Braun Medical Ltd.
BC Tech Inc.
Benchmark Electronics
Boston Scientific
Centre for Devices and Radiological Health (CDRH)
Cirtech Medical Systems
C&J Industries
Coeur
Cogent Technology
Cogmedix
Creganna-Tactx Medical
Da/Pro Rubber
DTR Medical
DTS Mechelec
Electrochem Medical
Europlaz
Filtertek Inc.
Flextronics
Food and Drug Administration (FDA)
Forefront Medical Technology
Foxconn Vanguard-EMS
Greatbatch Inc.
GW Plastics Inc.
HEI Inc.
Helix Medical
Heraeus Medical
Integrated Biosciences
International Organization for Standardization
IntriMed Technologies
Jabil Circuit
J-Pac
Kimball Electronics Group
Kitron
Medefab
MediConcepts
Medisize
MeKo Medical
Memry
Moog
National Competent Authorities (NCA)
Nortech Systems
Olsen Medical
Orchid Orthopedic Solutions
PCI Limited
Plexus Corporation
Sanbor Medical
Sanmina-SCI Corporation
Sauflon
Secant Medical
SMS Technologies
Sparton
Symmetry Medical
The Electrolizing Corporation of Ohio
The Tech Group
Tricor Systems Inc.
TT Electronics
Vention Medical
Venture Manufacturing Group
Vincent Medical
Wesley-Coe
West Pharmaceutical Services
Winland Electronics
Wytech
- 1. Executive Summary
- 1.1 Sector Highlights
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- 1.2 Aims, Scope and Format of the Report
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- 1.3 Chapter Outline
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- 1.4 Research and Analysis Methods
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- 1.5 Glossary of Terms Related to the Report
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- 2. Introduction to Medical Device Contract Manufacturing
- 2.1 Medical Devices
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- 2.2 Classification of Medical Devices
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- 2.2.1 The US Classification System
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- 2.2.2 The European Classification System
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- 2.3 Regulation of Medical Devices
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- 2.3.1 The US Approval and Regulation System
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- 2.3.2 The European Approval and Regulatory System
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- 2.4 The Medical Device Industry
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- 2.5 Medical Device Outsourcing
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- 2.6 Medical Device Contract Manufacturing
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- 2.6.1 Reasons for Outsourcing Manufacturing
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- 2.6.1.1 Focusing on Core Competencies
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- 2.6.1.2 Shorter time to Market
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- 2.6.1.3 Tactical & Strategic
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- 2.6.1.4 Lower Fixed Operating Costs
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- 2.6.2 Reasons for Keeping Projects In-House
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- 2.7 Service Agreement
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- 2.7.1 Identifying CMOs
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- 2.7.2 Contractual Agreement
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- 2.7.3 Review of the Quality Manual
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- 2.7.4 Audit and Site Visits
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- 2.8 Final Discussions
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- 2.8.1 Product Requirement Specifications
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- 2.8.2 Term Sheets and Supply Agreements
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- 2.8.3 Project Management
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- 3. The Medical Device Contract Manufacturing Market, 2010-2021
- 3.1 The Global Medical Device Market, 2010
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- 3.2 Cost of Goods Sold (COGS) for Device OEMs
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- 3.3 Medical Device Outsourcing
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- 3.3.1 Medical Device Outsourcing Segments
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- 3.4 Medical Device Contract Manufacturing Market, 2010
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- 3.4.1 Medical Device Contract Manufacturing Market Segments, 2010
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- 3.5 Growing Demand for Medical Devices will Drive the Contract Manufacturing Market
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- 3.6 Medical Device Contract Manufacturing Market Forecast, 2011-2021
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- 3.6.1 Material Processing
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- 3.6.1.1 Materials Processing Market, 2010-2021
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- 3.6.2 Electronics/ Electronic Manufacturing Services (EMS)
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- 3.6.2.1 Medical EMS Market by Segments, 2010
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- 3.6.2.2 Electronics Outsourcing Market, 2011-2021
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- 3.6.3 Finished Products
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- 4. Leading Contract Manufacturing Organisations in 2011
- 4.1 A Highly Fragmented Market
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- 4.2 Accellent Inc.
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- 4.2.1 Revenues and Recent Performance Analysis, 2010
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- 4.2.2 Business Capabilities
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- 4.2.3 Asia Expansion
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- 4.3 Flextronics
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- 4.3.1 Revenue and Recent Performance Analysis, 2010
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- 4.3.2 Medical Certification Award Enhances Company Portfolio
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- 4.4 Symmetry Medical
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- 4.4.1 Revenue and Recent Performance Analysis, 2010
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- 4.4.2 Total Solutions Approach
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- 4.4.3 Acquisition of Olsen Medical
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- 4.5 The Tech Group (Part of the West Pharmaceutical Services Company)
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- 4.5.1 Revenues and Recent Performance Analysis, 2010
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- 4.5.2 Focusing on Research & Development
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- 4.6 Greatbatch Inc.
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- 4.6.1 Revenue and Recent Performance Analysis, 2010
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- 4.6.2 Capital Investment will Prompt Future Growth
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- 4.7 Nortech Systems Inc.
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- 4.7.1 Revenue and Recent Performance Analysis, 2010
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- 4.7.2 Nortech Life Sciences
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- 4.7.3 Acquisitions Contributed to 33% Increase in Net Revenues in Q1, 2011
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- 4.8 Other Companies and Services
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- 5. Leading National Contract Manufacturing Markets, 2010-2021
- 5.1 Breakdown of the World Medical Device Contract Manufacturing Market, 2010
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- 5.2 The U.S Market
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- 5.3 The European Market
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- 5.3.1 Germany and France
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- 5.3.2 Italy
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- 5.3.3 Spain
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- 5.3.4 U.K
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- 5.4 The Japanese Market
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- 5.5 The Indian Market
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- 5.6 The Chinese Market
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- 5.7 Rest of the World
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- 6. SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-2021
- 6.1 Contract Manufacturing Industry Trends
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- 6.2 Strengths
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- 6.2.1 Outsourcing on the Rise
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- 6.2.2 Focus on Core Competencies
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- 6.2.3 Access to Specialised Technologies
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- 6.3 Weaknesses
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- 6.3.1 Considerable Risk
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- 6.3.2 Lack of Communication
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- 6.3.3 Highly Fragmented Market
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- 6.4 Opportunities
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- 6.4.1 Globalisation
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- 6.4.1.1 Growth in Asia
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- 6.4.2 Medical Device Excise Tax: An Opportunity for the Contract Manufacturers
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- 6.5 Threats
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- 6.5.1 FDA Changes
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- 6.5.2 Medical Device Excise Tax: A Threat to the OEMs
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- 7. Expert Opinion
- 7.1 Interview with Marketing Manager, Creganna-Tactx Medical
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- 7.1.1 The Medical Device Contract Manufacturing Industry
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- 7.1.2 Industry Mergers & Acquisitions
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- 7.1.3 Industry Threats
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- 7.1.4 The Future Medical Device Contract Manufacturing Industry
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- 8. Conclusions
- 8.1 Overview
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- 8.2 Electronic Manufacturing Services will Witness Strong Growth
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- 8.3 Prominent Companies in the Market
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- 8.4 Outsourcing and Offshoring will Become a Strategic Necessity
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- 8.5 Future Outlook and Concluding Remarks
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- Appendix A
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- Appendix B
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- Visiongain report evaluation form
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- List of Tables
- Table 2.1 US and EU Classification of Medical Devices, 2010
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- Table 2.2 Tactical and Strategic Reasons for Outsourcing Manufacturing, 2010
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- Table 3.1 The Medical Device Market ($bn) by Sector, 2010
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- Table 3.2 Medical Device Market: COGS, 2010
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- Table 3.3 Spending on In-house and Outsourced Device Manufacturing, 2010
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- Table 3.4 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
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- Table 3.5 Global Medical Devices Market Forecast ($bn): 2010-2021
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- Table 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
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- Table 3.7 Some Companies Offering Moulding Services to Medical Devices OEMs, 2011
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- Table 3.8 Material Processing Market Forecast ($bn): 2010-2021
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- Table 3.9 Industries Served by EMS Providers: Market Sales ($bn) and Market Shares (%), 2010
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- Table 3.10 Some Companies Offering EMS to Medical Device OEMs, 2011
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- Table 3.11 Medical EMS Market ($bn) by Segment, 2010
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- Table 3.12 EMS Market Forecast ($bn): 2010-2021
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- Table 3.13 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
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- Table 4.1 Leading Companies in the Medical Device Contract Manufacturing Market, Revenues ($m), 2010
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- Table 4.2 Accellent Financial Quarter Results ($m), 2009 & 2010
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- Table 4.3 Accellent Q2 Financial Results ($m), 2010 & 2011
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- Table 4.4 Flextronics Quarterly Financial Results ($bn), 2009 & 2010
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- Table 4.5 Symmetry Medical Revenues ($m) by Business Segments, 2010
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- Table 4.6 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
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- Table 4.7 Greatbatch Revenues ($m) by Business Segment, 2010
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- Table 4.8 Greatbatch Total Revenues ($m), 2006-2010
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- Table 4.9 Nortech Systems Revenues ($m), 2009 & 2010
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- Table 4.10 Other Companies involved in Medical Device Contract Manufacturing, 2010
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- Table 5.1 Medical Device Contract Manufacturing Market ($bn) by Region, 2010
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- Table 5.2 Leading Medical Device Contract Manufacturing National Market Forecasts ($bn), 2010-2021
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- Table 5.3 The European Medical Device Contract Manufacturing Market ($bn), 2010
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- Table 5.4 The European Medical Device Contract Manufacturing Market Forecasts ($bn) by Leading Countries, 2010-2021
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- Table 6.1 SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-2021
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- Table 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
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- List of Figures
- Figure 2.1 Services offered by Medical Device Outsourcing Companies, 2010
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- Figure 3.1 The Medical Device Market Share (%) by Sector, 2010
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- Figure 3.2 Share (%) of Spending on In-house and Outsourced Device Manufacturing, 2010
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- Figure 3.3 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
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- Figure 3.4 Medical Device Contract Manufacturing Market Shares (%) by Segments, 2010
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- Figure 3.5 Global Medical Device Market Forecast ($bn): 2010-2021
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- Figure 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
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- Figure 3.7 Medical Device Contract Manufacturing Segment Forecasts ($bn): 2010-2021
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- Figure 3.8 Material Processing Market Forecast ($bn): 2010-2021
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- Figure 3.9 Industries Served by EMS Providers: Market Share (%), 2010
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- Figure 3.10 Market Shares (%) of Leading Segments in the Medical EMS Market, 2010
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- Figure 3.11 EMS Market Forecast ($bn): 2010-2021
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- Figure 3.12 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
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- Figure 4.1 Accellent Financial Quarter Results ($m), 2009 & 2010
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- Figure 4.2 Accellent Q2 Financial Results ($m), 2010 & 2011
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- Figure 4.3 Flextronics Quarterly Revenue Change (%), 2009-2010
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- Figure 4.4 Symmetry Medical Revenue Share (%) by Business Segment, 2010
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- Figure 4.5 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
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- Figure 4.6 Greatbatch Revenue Shares (%) by Business Segment, 2010
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- Figure 4.7 Greatbatch Total Revenues ($m), 2006-2010
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- Figure 4.8 Nortech Systems Total Revenues ($m), 2009 & 2010
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- Figure 5.1 Market Shares (%) of Leading Regions/Countries in the Medical Device Contract Manufacturing Market, 2010
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- Figure 5.2 The US Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.3 The European Medical Device Contract Manufacturing Market Share (%), 2010
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- Figure 5.4 The European Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.5 French and German Medical Device Contract Manufacturing Market Forecasts ($bn), 2010-2021
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- Figure 5.6 Italian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.7 Spanish Medical Device Contract Manufacturing Market ($bn) Forecast, 2010-2021
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- Figure 5.8 The UK Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.9 Japanese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.10 Indian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 5.11 Chinese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
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- Figure 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
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