Global Medical Device Manufacturing Outsourcing Market 2020-2024

Global Medical Device Manufacturing Outsourcing Market 2020-2024

Technavio has been monitoring the global medical device manufacturing outsourcing market 2020-2024 and it is poised to grow by USD 39.25 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. Our reports on global medical device manufacturing outsourcing market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing focus of oems on reducing medical device manufacturing costs. In addition, emerging countries as preferred outsourcing destination for medical device manufacturing is anticipated to boost the growth of the global medical device manufacturing outsourcing market 2020-2024 as well.

Market Segmentation

Technavio's global medical device manufacturing outsourcing market 2020-2024 is segmented as below:

Product:

  • EMS
  • Raw Materials
  • Finished Goods
Application:
  • Orthopedics
  • Cardiovascular
  • Medical Imaging
  • In-vitro Diagnostics (IVDs)
  • General Medical Devices
  • Others
Service:
  • Product Design And Development
  • Product Upgrade And Maintenance
  • Regulatory Consulting
  • Product Testing
  • Supply Chain Management
  • Product Implementation.
Medical Device Regulatory Classification:
  • Class II
  • Class III
  • Class I
Geographic Segmentation:
  • North America
  • APAC
  • Europe
  • South America
  • MEA
Key Trends for global medical device manufacturing outsourcing market 2020-2024 growth

This study identifies emerging countries as preferred outsourcing destination for medical device manufacturing as the prime reasons driving the global medical device manufacturing outsourcing market 2020-2024 growth during the next few years.

Prominent vendors in global medical device manufacturing outsourcing market 2020-2024

We provide a detailed analysis of around 25 vendors operating in the global medical device manufacturing outsourcing market 2020-2024, including some of the vendors such as Cardinal Health Inc., Celestica Inc., Eurofins Scientific S.E, Flex Ltd., Integer Holdings Corp., Nortech Systems Inc., Sanmina Corp., TE Connectivity Ltd., Tecomet Inc. and West Pharmaceutical Services Inc. .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent market
        • Table Parent market
        • Table Market characteristics
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • EMS - Market size and forecast 2019-2024
      • Table EMS - Market size and forecast 2019-2024 ($ million)
      • Table EMS - Year-over-year growth 2019-2024 (%)
    • Raw materials - Market size and forecast 2019- 2024
      • Table Raw materials - Market size and forecast 2019-2024 ($ million)
      • Table Raw materials - Year-over-year growth 2019-2024 (%)
    • Finished goods - Market size and forecast 2019- 2024
      • Table Finished goods - Market size and forecast 2019-2024 ($ million)
      • Table Finished goods - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by Application
    • Market segments
    • Orthopedics
    • Cardiovascular
    • Medical Imaging
    • In-vitro diagnostics (IVDs)
    • General medical devices
    • Others
  • Market Segmentation by Service
    • Market segments
    • Product design and development
    • Product upgrade and maintenance
    • Regulatory consulting
    • Product testing
    • Supply chain management
    • Product implementation
  • Market Segmentation by Medical Device Regulatory Classification
    • Market segments
      • Table Medical device regulatory classification - Market share 2019-2024 (%)
    • Comparison by medical device regulatory classification
      • Table Comparison by medical device regulatory classification
    • Class II - Market size and forecast 2019-2024
      • Table Class II - Market size and forecast 2019-2024 ($ million)
      • Table Class II - Year-over-year growth 2019-2024 (%)
    • Class III - Market size and forecast 2019-2024
      • Table Class III - Market size and forecast 2019-2024 ($ million)
      • Table Class III - Year-over-year growth 2019-2024 (%)
    • Class I - Market size and forecast 2019-2024
      • Table Class I - Market size and forecast 2019-2024 ($ million)
      • Table Class I - Year-over-year growth 2019-2024 (%)
    • Market opportunity by medical device regulatory classification
      • Table Market opportunity by medical device regulatory classification
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Growing focus of OEMs on reducing medical device manufacturing costs
    • Volume driver - Supply led growth
      • Growing focus of medical device manufacturers on outsourcing and faster time to market
    • Volume driver - External factors
      • Growing complexities in product design and development
    • Market challenges
      • Stringent regulatory environment
      • Intense competition in market
      • Delay in contractual obligations and upgrading new technologies
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing M&A activities
      • Emerging countries as preferred outsourcing destination for medical device manufacturing
      • Technological advances
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cardinal Health Inc.
      • Table Cardinal Health Inc. - Overview
      • Table Cardinal Health Inc. - Business segments
      • Table Cardinal Health, Inc. –Key news
      • Table Cardinal Health Inc. - Key offerings
      • Table Cardinal Health Inc. - Segment focus
    • Celestica Inc.
      • Table Celestica Inc. - Overview
      • Table Celestica Inc. - Business segments
      • Table Celestica Inc. –Key news
      • Table Celestica Inc. - Key offerings
      • Table Celestica Inc. - Segment focus
    • Eurofins Scientific S.E
      • Table Eurofins Scientific S.E - Overview
      • Table Eurofins Scientific S.E - Business segments
      • Table Eurofins Scientific S.E. –Key news
      • Table Eurofins Scientific S.E - Key offerings
      • Table Eurofins Scientific S.E - Segment focus
    • Flex Ltd.
      • Table Flex Ltd. - Overview
      • Table Flex Ltd. - Business segments
      • Table Flex Ltd. –Key news
      • Table Flex Ltd. - Key offerings
      • Table Flex Ltd. - Segment focus
    • Integer Holdings Corp.
      • Table Integer Holdings Corp. - Overview
      • Table Integer Holdings Corp. - Business segments
      • Table Integer Holdings Corp. –Key news
      • Table Integer Holdings Corp. - Key offerings
      • Table Integer Holdings Corp. - Segment focus
    • Nortech Systems Inc.
      • Table Nortech Systems Inc. - Overview
      • Table Nortech Systems Inc. - Business segments
      • Table Nortech Systems Inc. –Key news
      • Table Nortech Systems Inc. - Key offerings
      • Table Nortech Systems Inc. - Segment focus
    • Sanmina Corp.
      • Table Sanmina Corp. - Overview
      • Table Sanmina Corp. - Business segments
      • Table Sanmina Corp. –Key news
      • Table Sanmina Corp. - Key offerings
      • Table Sanmina Corp. - Segment focus
    • TE Connectivity Ltd.
      • Table TE Connectivity Ltd. - Overview
      • Table TE Connectivity Ltd. - Business segments
      • Table TE Connectivity Ltd. –Key news
      • Table TE Connectivity Ltd. - Key offerings
      • Table TE Connectivity Ltd. - Segment focus
    • Tecomet Inc.
      • Table Tecomet Inc. - Overview
      • Table Tecomet Inc. - Product and service
      • Table Tecomet Inc. –Key news
      • Table Tecomet Inc. - Key offerings
    • West Pharmaceutical Services Inc.
      • Table West Pharmaceutical Services Inc. - Overview
      • Table West Pharmaceutical Services Inc. - Business segments
      • Table West Pharmaceutical Services Inc. - Key news
      • Table West Pharmaceutical Services Inc. - Key offerings
      • Table West Pharmaceutical Services Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook