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Global Medical Device Contract Manufacturing Market Analysis & Trends - Industry Forecast to 2030

Publisher Accuray Research LLP
Published Jul 07, 2024
Length 200 Pages
SKU # AGLP19014075

Description

Global Medical Device Contract Manufacturing Market Analysis & Trends - Industry Forecast to 2030


Medical Device Contract Manufacturing: Market Size

From $139.97 billion in 2024, the global Medical Device Contract Manufacturing market is projected to reach $332.32 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 15.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, rise in the growth of the medical devices, high growth potential in the Asia Pacific and increasing geriatric population worldwide.

Global Medical Device Contract Manufacturing Market: Market Dynamics

The rising demand for medical devices due to improving healthcare infrastructure and lower cost of raw materials are driving the market growth. The growing adoption of technologically advanced products is triggering the market growth. Increased life expectancy along with the rising geriatric population is further positively influencing the market. An increase in healthcare expenditure alongside rising patient awareness is also inflating the medical device contract manufacturing market size.

For instance, to prevent reimbursement issues from impacting financing goals, device manufacturers are developing a well-planned reimbursement strategy in parallel with their regulatory and clinical strategies in the early phases of product development.

On the other hand, it helps in minimizing the cost of production for the company and low investment returns will further fuel the market medical device contract manufacturing market.

Impact of COVID-19 on Medical Device Contract Manufacturing

The outbreak of Covid-19 has a moderate impact on the Medical Device Contract Manufacturing market. As the demand for medical devices for elective procedures has fallen. On the contrary, the demand for medical devices such as ventilators and respirators has grown multifold, thereby improving the growth prospects for medical device contract manufacturers. The medical device industry has faced huge challenges in eradicating the pandemic, as the number of infections shows no signs of subsiding. Players in the market have ensured that there are minimal supply chain disruptions to their clients. To ensure safety, companies have also implemented more rigorous cleaning and disinfection procedures, enforcing visitor guidance and screening, restricting business travel, and setting up remote working arrangements and strict quarantine measures.

By Class of Device

Class II Segment Dominate the Market in 2024

The class II segment made huge revenue in 2024 and growing its prominence during the forecast period. The growth of this segment can be attributed to the large number of medical devices that fall under this device class and their greater utilization by end-users. In addition, due to the outbreak of COVID-19, governments minimized the regulatory compliance on these devices and issued Emergency Use Authorizations (EUA) for diagnostics and PPE kits, thereby boosting the market growth. The increasing prevalence of chronic illness has increased the demand for Class II devices. Evolving digital technology is empowering monitoring devices, thereby effectively influencing the operational cost.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific is likely to have a huge demand in the forecast period due to increasing demand for medical devices and the lower cost of raw materials & labor and. The increasing healthcare awareness among people and adoption of advanced technologies driving regional growth.

List of the Key Players profiled in the market Include:

• Benchmark Electronics, Inc
• Celestica International
• Consort Medical PLC
• Flex, Ltd
• Gerresheimer Ag
• Integer Holdings Corporation
• Jabil, Inc.
• Kimball Electronics Inc.
• Nipro Corporation
• Nortech Systems, Inc
• Plexus Corporation
• Sanmina Corporation
• TE Connectivity, Ltd
• Teleflex Incorporated
• West Pharmaceutical Services, Inc

List of the regions/countries profiled in the market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

Table of Contents

200 Pages
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 Application Analysis
1.7 End User Analysis
1.8 Strategic Benchmarking
1.9 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Rising Incidence of Infectious Diseases
4.1.2 Increased Funding for R&D
4.1.3 Increasing Incidence of Infectious Diseases and Cancer
4.1.4 Growth Opportunities/Investment Opportunities
4.2 Drivers
4.3 Constraints
4.4 Impact of COVID-19
5 Market Factor Analysis
5.1 Porters Five Forces
5.1.1 Bargaining power of suppliers
5.1.2 Bargaining power of buyers
5.1.3 Threat of substitutes
5.1.4 Threat of new entrants
5.1.5 Competitive rivalry
5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research
6.1 Consumer trends and preferences
6.2 Factors affecting buying decision
6.3 Consumer product adoption
6.4 Observation & Recommendations
7 Rapid Microbiology Testing Market, By Product
7.1 Consumables
DATA TABLE Consumables Market Forecast to 2030 (US$ MN)
7.2 Instruments
DATA TABLE Instruments Market Forecast to 2030 (US$ MN)
7.2.1 Active Air Samplers
DATA TABLE Active Air Samplers Market Forecast to 2030 (US$ MN)
7.2.2 Automated Microbial Identification (ID) & Antimicrobial Susceptibility Testing (AST) System
DATA TABLE Automated Microbial Identification (ID) & Antimicrobial Susceptibility Testing (AST) System Market Forecast to 2030 (US$ MN)
7.2.3 Bioluminescence & Fluorescence-Based Detection System
DATA TABLE Bioluminescence & Fluorescence-Based Detection System Market Forecast to 2030 (US$ MN)
7.2.4 Cytometers
DATA TABLE Cytometers Market Forecast to 2030 (US$ MN)
7.2.5 Mass Spectrometry
DATA TABLE Mass Spectrometry Market Forecast to 2030 (US$ MN)
7.2.6 PCR (Polymerase Chain Reaction) Systems
DATA TABLE PCR (Polymerase Chain Reaction) Systems Market Forecast to 2030 (US$ MN)
7.2.7 Other Instruments
DATA TABLE Other Instruments Market Forecast to 2030 (US$ MN)
7.2.7.1 Biochemical and Impedance Systems
7.2.7.2 Microfluidics and Microarray Systems
7.2.7.3 Raman Spectroscopy Systems
7.3 Reagents and Kits
DATA TABLE Reagents and Kits Market Forecast to 2030 (US$ MN)
7.3.1 Sterility Reagents and Kits
DATA TABLE Sterility Reagents and Kits Market Forecast to 2030 (US$ MN)
7.3.2 Other Reagents & Kits
DATA TABLE Other Reagents & Kits Market Forecast to 2030 (US$ MN)
7.3.2.1 Enzyme Immunoassays (EIA)
7.3.2.2 Enzyme-Linked Immunosorbent Assays (ELISA)
7.3.2.3 Lateral Flow Assays
8 Rapid Microbiology Testing Market, By Method
8.1 Cellular component-Based Rapid Microbiology Testing
DATA TABLE Cellular component-Based Rapid Microbiology Testing Market Forecast to 2030 (US$ MN)
8.2 Growth-Based Rapid Microbiology Testing
DATA TABLE Growth-Based Rapid Microbiology Testing Market Forecast to 2030 (US$ MN)
8.3 Nucleic Acid-Based Rapid Microbiology Testing
DATA TABLE Nucleic Acid-Based Rapid Microbiology Testing Market Forecast to 2030 (US$ MN)
8.4 Viability-Based Rapid Microbiology Testing
DATA TABLE Viability-Based Rapid Microbiology Testing Market Forecast to 2030 (US$ MN)
8.5 Other Methods
DATA TABLE Other Methods Market Forecast to 2030 (US$ MN)
8.5.1 Micro-Electrical-Mechanical Systems (MEMS)
DATA TABLE Micro-Electrical-Mechanical Systems (MEMS) Market Forecast to 2030 (US$ MN)
8.5.2 Optical Spectroscopy
DATA TABLE Optical Spectroscopy Market Forecast to 2030 (US$ MN)
9 Rapid Microbiology Testing Market, By Application
9.1 Clinical Disease Diagnostics
DATA TABLE Clinical Disease Diagnostics Market Forecast to 2030 (US$ MN)
9.2 Cosmetics and Personal Care Products Testing
DATA TABLE Cosmetics and Personal Care Products Testing Market Forecast to 2030 (US$ MN)
9.3 Environmental Testing
DATA TABLE Environmental Testing Market Forecast to 2030 (US$ MN)
9.4 Food & Beverage Testing
DATA TABLE Food & Beverage Testing Market Forecast to 2030 (US$ MN)
9.5 Pharmaceutical & Biological Drug Testing
DATA TABLE Pharmaceutical & Biological Drug Testing Market Forecast to 2030 (US$ MN)
9.6 Research Applications
DATA TABLE Research Applications Market Forecast to 2030 (US$ MN)
9.7 Sterility Testing Reagents
DATA TABLE Sterility Testing Reagents Market Forecast to 2030 (US$ MN)
9.8 Other Applications
DATA TABLE Other Applications Market Forecast to 2030 (US$ MN)
9.8.1 Biofuels
DATA TABLE Biofuels Market Forecast to 2030 (US$ MN)
9.8.2 Chemicals
DATA TABLE Chemicals Market Forecast to 2030 (US$ MN)
9.8.3 Paints
DATA TABLE Paints Market Forecast to 2030 (US$ MN)
10 Rapid Microbiology Testing Market, By End User
10.1 Contract Research Organizations
DATA TABLE Contract Research Organizations Market Forecast to 2030 (US$ MN)
10.2 Diagnostic Laboratories & Hospitals
DATA TABLE Diagnostic Laboratories & Hospitals Market Forecast to 2030 (US$ MN)
10.3 Industry
DATA TABLE Industry Market Forecast to 2030 (US$ MN)
10.4 Other End Users
DATA TABLE Other End Users Market Forecast to 2030 (US$ MN)
10.4.1 Academic Institutes
DATA TABLE Academic Institutes Market Forecast to 2030 (US$ MN)
10.4.2 Environmental Study Agencies
DATA TABLE Environmental Study Agencies Market Forecast to 2030 (US$ MN)
10.4.3 Non-Governmental Organization (NGOs)
DATA TABLE Non-Governmental Organization (NGOs) Market Forecast to 2030 (US$ MN)
11 Rapid Microbiology Testing Market, By Geography
11.1 North America
DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
11.1.1 US
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
11.2.1 Germany
11.2.2 U.K
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 New Zealand
11.3.6 Rest of Asia Pacific
11.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
11.4.1 Saudi Arabia
11.4.2 UAE
11.4.3 Rest of Middle East
11.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Rest of Latin America
11.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
11.6.1 South Africa
11.6.2 Others
12 Key Player Activities
12.1 Acquisitions & Mergers
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.1 Product Launch & Expansions
12.1 Other Activities
13 Leading Companies
13.1 Abbott Laboratories, Inc
13.2 Bruker Corporation
13.3 Charles River Laboratories International, Inc
13.4 Danaher Corporation
13.5 Don Whitley Scientific Limited
13.6 LubioScience GmbH
13.7 Merck KGaA
13.8 NEOGEN Corporation
13.9 Quidel Corporation
13.10 Rapid Micro Biosystems, Inc
13.11 R-Biopharm AG
13.12 Sartorius AG
13.13 Serosep Ltd
13.14 Thermo Fisher Scientific, Inc
13.15 Vivione Biosciences, LLC
List of Tables
Table 1 Global Rapid Microbiology Testing Market By Region, Market Forecast (2022-2030) (US $MN)
Table 2 Global Rapid Microbiology Testing Market By Product, Market Forecast (2022-2030) (US $MN)
Table 3 Global Rapid Microbiology Testing Market By Consumables, Market Forecast (2022-2030) (US $MN)
Table 4 Global Rapid Microbiology Testing Market By Instruments, Market Forecast (2022-2030) (US $MN)
Table 5 Global Rapid Microbiology Testing Market By Active Air Samplers, Market Forecast (2022-2030) (US $MN)
Table 6 Global Rapid Microbiology Testing Market By Automated Microbial Identification (ID) & Antimicrobial Susceptibility Testing (AST) System, Market Forecast (2022-2030) (US $MN)
Table 7 Global Rapid Microbiology Testing Market By Bioluminescence & Fluorescence-Based Detection System, Market Forecast (2022-2030) (US $MN)
Table 8 Global Rapid Microbiology Testing Market By Cytometers, Market Forecast (2022-2030) (US $MN)
Table 9 Global Rapid Microbiology Testing Market By Mass Spectrometry, Market Forecast (2022-2030) (US $MN)
Table 10 Global Rapid Microbiology Testing Market By PCR (Polymerase Chain Reaction) Systems, Market Forecast (2022-2030) (US $MN)
Table 11 Global Rapid Microbiology Testing Market By Other Instruments, Market Forecast (2022-2030) (US $MN)
Table 12 Global Rapid Microbiology Testing Market By Reagents and Kits, Market Forecast (2022-2030) (US $MN)
Table 13 Global Rapid Microbiology Testing Market By Sterility Reagents and Kits, Market Forecast (2022-2030) (US $MN)
Table 14 Global Rapid Microbiology Testing Market By Other Reagents & Kits, Market Forecast (2022-2030) (US $MN)
Table 15 Global Rapid Microbiology Testing Market By Method, Market Forecast (2022-2030) (US $MN)
Table 16 Global Rapid Microbiology Testing Market By Cellular component-Based Rapid Microbiology Testing, Market Forecast (2022-2030) (US $MN)
Table 17 Global Rapid Microbiology Testing Market By Growth-Based Rapid Microbiology Testing, Market Forecast (2022-2030) (US $MN)
Table 18 Global Rapid Microbiology Testing Market By Nucleic Acid-Based Rapid Microbiology Testing, Market Forecast (2022-2030) (US $MN)
Table 19 Global Rapid Microbiology Testing Market By Viability-Based Rapid Microbiology Testing, Market Forecast (2022-2030) (US $MN)
Table 20 Global Rapid Microbiology Testing Market By Other Methods, Market Forecast (2022-2030) (US $MN)
Table 21 Global Rapid Microbiology Testing Market By Micro-Electrical-Mechanical Systems (MEMS), Market Forecast (2022-2030) (US $MN)
Table 22 Global Rapid Microbiology Testing Market By Optical Spectroscopy, Market Forecast (2022-2030) (US $MN)
Table 23 Global Rapid Microbiology Testing Market By Application, Market Forecast (2022-2030) (US $MN)
Table 24 Global Rapid Microbiology Testing Market By Clinical Disease Diagnostics, Market Forecast (2022-2030) (US $MN)
Table 25 Global Rapid Microbiology Testing Market By Cosmetics and Personal Care Products Testing, Market Forecast (2022-2030) (US $MN)
Table 26 Global Rapid Microbiology Testing Market By Environmental Testing, Market Forecast (2022-2030) (US $MN)
Table 27 Global Rapid Microbiology Testing Market By Food & Beverage Testing, Market Forecast (2022-2030) (US $MN)
Table 28 Global Rapid Microbiology Testing Market By Pharmaceutical & Biological Drug Testing, Market Forecast (2022-2030) (US $MN)
Table 29 Global Rapid Microbiology Testing Market By Research Applications, Market Forecast (2022-2030) (US $MN)
Table 30 Global Rapid Microbiology Testing Market By Sterility Testing Reagents, Market Forecast (2022-2030) (US $MN)
Table 31 Global Rapid Microbiology Testing Market By Other Applications, Market Forecast (2022-2030) (US $MN)
Table 32 Global Rapid Microbiology Testing Market By Biofuels, Market Forecast (2022-2030) (US $MN)
Table 33 Global Rapid Microbiology Testing Market By Chemicals, Market Forecast (2022-2030) (US $MN)
Table 34 Global Rapid Microbiology Testing Market By Paints, Market Forecast (2022-2030) (US $MN)
Table 35 Global Rapid Microbiology Testing Market By End User, Market Forecast (2022-2030) (US $MN)
Table 36 Global Rapid Microbiology Testing Market By Contract Research Organizations, Market Forecast (2022-2030) (US $MN)
Table 37 Global Rapid Microbiology Testing Market By Diagnostic Laboratories & Hospitals, Market Forecast (2022-2030) (US $MN)
Table 38 Global Rapid Microbiology Testing Market By Industry, Market Forecast (2022-2030) (US $MN)
Table 39 Global Rapid Microbiology Testing Market By Other End Users, Market Forecast (2022-2030) (US $MN)
Table 40 Global Rapid Microbiology Testing Market By Academic Institutes, Market Forecast (2022-2030) (US $MN)
Table 41 Global Rapid Microbiology Testing Market By Environmental Study Agencies, Market Forecast (2022-2030) (US $MN)
Table 42 Global Rapid Microbiology Testing Market By Non-Governmental Organization (NGOs), Market Forecast (2022-2030) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.

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