The global outsourced medical device manufacturing market was worth USD 13.10 billion in 2020 and is expected to reach USD 37.63 billion by 2028
— Prakash Torase
SUITE N202, NEW YORK, USA, October 6, 2022 /EINPresswire.com/ — According to Zion Market Research analysts, the global market Outsourced Medical Device Manufacturing Market accounted for over USD 13.10 billion in 2020 and is expected to reach USD 37.63 billion by 2028, growing at a CAGR of 14.1% from 2021 to 2028.
Leading companies in the Medical Device Outsourcing Market are Iqvia, Toxikon, Inc., SGS SA, Eurofins Scientific SE, Pace Analytical Services, WuXi AppTec, Inc., Intertek Group plc, North American Science Associates, Paraxel International Corp, Charled River Laboratories International Inc., Jabil Circuit Inc., Plexus Corp, Sanmina Corporation, Nortech Systems, TE Connectivity, Celestica Inc., Flexitronics International Ltd, Onex Corporation, West Pharmaceutical Services, Inc., and Cardinal Health Inc, among others. These players are poised to support the development of the global outsourced medical device manufacturing market.
Request a free sample @ https://www.zionmarketresearch.com/sample/medical-device-outsourced-manufacturing-market
This review is based on a report by Zion Market Research, titled “Medical Device Outsourcing Manufacturing Market by Service (Contract Manufacturing, Quality Assurance, and Others), By Application (Plastic Surgery, Cardiology, and Others), By Device Type (Diabetes, Cardiovascular, Endoscopy, Dental and Others): Global Industry Outlook, Comprehensive Analysis and Forecast, 2020 – 2028 »
Increased demand for medical devices to drive growth
Growing demand for medical devices along with rising price competition is one of the major reasons behind the demand for medical device outsourcing market. Growing number of manufacturers and rising difficulties in product engineering are the factors fueling the demand.
The increasing prevalence of chronic diseases increases the demand for medical devices. This helps the market, as implantable medical devices (IMDs) are widely used to improve patient medical outcomes. This forces IMD designers to balance reliability, power consumption, cost and complexity. This has led companies to turn to innovation and manufacture well-designed medical devices. Changes in ISO standards are expected to increase the demand for quality assurance and regulatory affairs worldwide when manufacturing medical devices.
Global Outsourced Medical Device Manufacturing Market
With the presence of a large pool of participants, global outsourced medical device manufacturing is displaying a highly competitive business landscape, according to a new research report from Zion Market Research (ZMR). Iqvia, Toxikon, Inc. and SGS SA are some of the leading vendors in the outsourced medical device manufacturing market across the globe. These outsourced medical device manufacturing market players are aggressively focusing on innovation, as well as the inclusion of advanced technologies in their existing products. In the coming years, they are also expected to adopt partnerships and mergers and acquisitions as their main business development strategy, says the outsourced medical device manufacturing market research.
Easy availability of qualified human resources Support Asia-Pacific dominance
Regionally, Asia-Pacific leads the global outsourced medical device manufacturing market and is expected to maintain its dominant position in the coming years, according to the Outsourced Medical Device Manufacturing Market Research. The demand is due to the easy availability of qualified human resources. Also, many key companies are present in this region and the competitive price factor contributes to the high demand for this market in this region. The growing number of chronic diseases is also fueling overall demand in this region. The increasing inclination towards home care and growing spending on healthcare infrastructure are also factors contributing to the growth in this region.
Browse the “Medical Device Outsourced Manufacturing Market by Service (Contract Manufacturing, Quality Assurance and Others), by Application (Plastic Surgery, Cardiology and Others), by Device Type (Diabetes, Cardiovascular, Endoscopy, Dental and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020-2028. »
Learn more about this report @https://www.zionmarketresearch.com/inquiry/medical-device-outsourced-manufacturing-market
The rest of Europe
South East Asia
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
Rest of the Middle East and Africa
Related Press Release @https://www.zionmarketresearch.com/news/medical-device-outsourced-manufacturing-market
Zion Market Research is an obligated company. We create futuristic, forward-thinking and informative reports ranging from industry reports, company reports to country reports. We provide our clients with not only market statistics unveiled by recognized private publishers and public organizations, but also trending and latest industry reports as well as profiles of preeminent and niche companies. Our market research reports database includes a wide variety of reports from cardinal industries. Our database is constantly updated to satisfy our customers with fast and direct online access to our database. Keeping customer needs in mind, we have included expert information on global industries, products and market trends in this database. Last but not least, we make it our duty to ensure the success of the clients linked to us. After all, if you succeed, a little light shines on us.
Read our other trend report:
Body Fat Reduction Market-https://www.prnewswire.com/news-releases/statistics-on-body-fat-reduction-market-size–share-worth-over-usd-14450-2-million-by-2028–exhibit- a-cagr-of-9-7-industry-tends-demand-value-analysis–forecast-report-by-zion-market-research-301602430.html
Healthcare Payer Services Market-https://www.prnewswire.com/news-releases/outlook-on-the-global-healthcare-payer-services-market-size-share–growth-2022—2028–estimated-to-achieve- revenue-of-87-7-billion-with-growth-at-a-cagr-7-50—demand-value-analysis-of-market-trends- sector–forecast-report-by-301601641.html
Drug Coated Balloons Market-https://www.prnewswire.com/news-releases/statistics-report-global-drug-coated-balloons-market-size–share-to-surpass-usd-1819-2-million-by-2028– predicted-zion-market-research–industry-trends-growth-value-segmentation-analysis–forecast-301599025.html
sion market research
+ +1 855-465-4651