NEWSWIRE

Medical Device Manufacturing Outsourcing Market size to grow by USD 46,241.15 million from 2022 to 2027; the growing focus of OEMs on reducing medical device manufacturing costs to boost market growth – Technavio

NEW YORK, June 28, 2023 /PRNewswire/ — The medical device manufacturing outsourcing market size is estimated to grow by USD 46,241.15 million from 2022 to 2027, growing at a CAGR of 10.85%. North America is estimated to contribute 36% to the growth of the market during the forecast period. Outsourcing refers to contracting out a business process, service, or product to a third party. The primary need for medical device outsourcing is the growing complexity of medical devices. Furthermore, access to new geographical capabilities, reduced costs, improved quality, the ability to focus on improving operating margins, reduced risks, and access to leading experts and technologies are various benefits of outsourcing. Hence, these factors will increase the market growth in the region during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) – View the Sample report

Vendor LandscapeThe medical device manufacturing outsourcing market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now
Market Dynamics
Key Drivers & Challenges
The growing focus of OEMs on reducing medical device manufacturing costs is a key factor driving the growth. Medical device manufacturers are under pressure to offer high-quality healthcare services at low costs due to healthcare budget cuts around the world. As a result, medical device manufacturing outsourcing is gaining significant popularity among OEMs due to the cost-cutting from the manufacturers. Furthermore, OEMs are outsourcing their manufacturing capabilities because of high growth potential and increasing demand for these products from end-users. Hence, these factors are expected to drive the market growth during the forecast period.
A stringent regulatory environment is a significant challenge hampering the Medical Device Manufacturing Outsourcing Market growth. Many countries have their own regulations for medical products and these companies are planning to outsource their manufacturing. Furthermore, the US FDA and the European Commission have implemented stringent regulations to be followed by the companies depending upon the type of product to maintain quality control and meet environmental requirements. Non-compliance with such regulations will impact the business activities of companies. Hence, these stringent regulations are expected to impede market growth during the forecast period.
Major Trends
Technological advances for manufacturing medical devices is a major trend shaping the Medical Device Manufacturing Outsourcing Market. There are several advancements in technologies which include 3D printing technology and athermal lasers. Furthermore, to meet the increasing demand from customers, OEMs are adopting these technologies at a rapid rate. It also helps companies to launch new products in the market with the help of these technologies. The use of Industry 4.0 technologies, such as cloud computing, cyber-physical systems, machine-to-machine communication, and the introduction of advanced automation, is helping many OEMs to overcome production-related challenges. Therefore, the adoption of these advanced technologies is expected to drive market growth during the forecast period.
Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
Company Profiles
The medical device manufacturing outsourcing market report includes information on the product launches, sustainability, and prospects of leading vendors, including Benchmark Electronics Inc., Cadence Inc., Celestica Inc., Cirtec Medical, Eurofins Scientific SE, Flex Ltd., Gerresheimer AG, Heraeus Holding GmbH, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., NN Inc., Nortech Systems Inc., Plexus Corp., Sanmina Corp., Tata Sons Pvt. Ltd., TE Connectivity Ltd., Tecomet Inc., TRICOR Systems Inc., and West Pharmaceutical Services Inc.
Competitive Analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.
Market Segmentation
This 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 Rest of World (ROW)).
The market share growth of the EMS segment will be significant during the forecast period. The primary factor driving the growth is the increased use of electronics in the healthcare industry. The increased demand for EMS is due to the emergence of robotics, wireless products, and advanced medical software in the market. Furthermore, they offer effective solutions to reduce cost, besides increasing quality, various benefits of innovation, and efficiency. It also reduces the time to advertise a new product and improves supply chain management. Hence, these factors are expected to drive the market growth of this segment during the forecast period.Gain instant access to 17,000+ market research reports.
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Related Reports
The medical billing outsourcing market is estimated to grow at a CAGR of 15.73% between 2022 and 2027. The size of the market is forecast to increase by USD 11,704.49 million. Furthermore, this report extensively covers market segmentation by end-user (physician groups and clinics and hospitals), type (medical billing companies and freelance), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The improvement in healthcare administrative processes is a key factor driving the growth of the market during the forecast period.
The contract development and manufacturing organization (CDMO) outsourcing market is estimated to grow at a CAGR of 12.76% between 2022 and 2027. Furthermore, this report extensively covers market segmentation by product (small molecules and biologics), service (API/bulk drugs, drug product manufacturing, and packaging), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The increasing demand for one-stop-shop CDMOs is a key factor driving the growth of the contract development and manufacturing organization (CDMO) outsourcing market during the forecast period.
Medical Device Manufacturing Outsourcing Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 10.85%
Market growth 2023-2027
USD 46,241.15 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.88
Regional analysis
North America, Asia, Europe, and the Rest of the World (ROW)
Performing market contribution
North America at 36%
Key countries
US, Germany, China, Japan, and India
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Benchmark Electronics Inc., Cadence Inc., Celestica Inc., Cirtec Medical, Eurofins Scientific SE, Flex Ltd., Gerresheimer AG, Heraeus Holding GmbH, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., NN Inc., Nortech Systems Inc., Plexus Corp., Sanmina Corp., Tata Sons Pvt. Ltd., TE Connectivity Ltd., Tecomet Inc., TRICOR Systems Inc., and West Pharmaceutical Services Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Content
1 Executive Summary
1.1 Market OverviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Medical Device Regulatory ClassificationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape
2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing
3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size
4.1 Global medical device manufacturing outsourcing market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global medical device manufacturing outsourcing market 2017 – 2021 ($ million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)4.3 Medical device regulatory classification Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Medical device regulatory classification Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)5 Five Forces Analysis
5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by Product
6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 EMS – Market size and forecast 2022-2027 Exhibit 34: Chart on EMS – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on EMS – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on EMS – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on EMS – Year-over-year growth 2022-2027 (%)6.4 Raw materials – Market size and forecast 2022-2027 Exhibit 38: Chart on Raw materials – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Raw materials – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Raw materials – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Raw materials – Year-over-year growth 2022-2027 (%)6.5 Finished goods – Market size and forecast 2022-2027 Exhibit 42: Chart on Finished goods – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on Finished goods – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on Finished goods – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Finished goods – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product ($ million)7 Market Segmentation by Medical Device Regulatory Classification
7.1 Market segmentsExhibit 47: Chart on Medical Device Regulatory Classification – Market share 2022-2027 (%)Exhibit 48: Data Table on Medical Device Regulatory Classification – Market share 2022-2027 (%)7.2 Comparison by Medical Device Regulatory Classification Exhibit 49: Chart on Comparison by Medical Device Regulatory ClassificationExhibit 50: Data Table on Comparison by Medical Device Regulatory Classification7.3 Class II – Market size and forecast 2022-2027 Exhibit 51: Chart on Class II – Market size and forecast 2022-2027 ($ million)Exhibit 52: Data Table on Class II – Market size and forecast 2022-2027 ($ million)Exhibit 53: Chart on Class II – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Class II – Year-over-year growth 2022-2027 (%)7.4 Class III – Market size and forecast 2022-2027 Exhibit 55: Chart on Class III – Market size and forecast 2022-2027 ($ million)Exhibit 56: Data Table on Class III – Market size and forecast 2022-2027 ($ million)Exhibit 57: Chart on Class III – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Class III – Year-over-year growth 2022-2027 (%)7.5 Class I – Market size and forecast 2022-2027 Exhibit 59: Chart on Class I – Market size and forecast 2022-2027 ($ million)Exhibit 60: Data Table on Class I – Market size and forecast 2022-2027 ($ million)Exhibit 61: Chart on Class I – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Class I – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Medical Device Regulatory Classification Exhibit 63: Market opportunity by Medical Device Regulatory Classification ($ million)8 Customer Landscape
8.1 Customer landscape overview Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape
9.1 Geographic segmentation Exhibit 65: Chart on Market share by geography 2022-2027 (%)Exhibit 66: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 67: Chart on Geographic comparisonExhibit 68: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Asia – Market size and forecast 2022-2027 Exhibit 73: Chart on Asia – Market size and forecast 2022-2027 ($ million)Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 ($ million)Exhibit 75: Chart on Asia – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on Asia – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027 Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 Rest of World (ROW) – Market size and forecast 2022-2027 Exhibit 81: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)Exhibit 82: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)Exhibit 83: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)9.7 US – Market size and forecast 2022-2027 Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)9.8 China – Market size and forecast 2022-2027 Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)9.9 Germany – Market size and forecast 2022-2027 Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.10 Japan – Market size and forecast 2022-2027 Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.11 India – Market size and forecast 2022-2027 Exhibit 101: Chart on India – Market size and forecast 2022-2027 ($ million)Exhibit 102: Data Table on India – Market size and forecast 2022-2027 ($ million)Exhibit 103: Chart on India – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on India – Year-over-year growth 2022-2027 (%)9.12 Market opportunity by geography Exhibit 105: Market opportunity by geography ($ million)10 Drivers, Challenges, and Trends
10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 106: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape
11.1 Overview11.2 Vendor landscapeExhibit 107: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 108: Overview on factors of disruption11.4 Industry risksExhibit 109: Impact of key risks on business12 Vendor Analysis
12.1 Vendors coveredExhibit 110: Vendors covered12.2 Market positioning of vendors Exhibit 111: Matrix on vendor position and classification12.3 Benchmark Electronics Inc. Exhibit 112: Benchmark Electronics Inc. – OverviewExhibit 113: Benchmark Electronics Inc. – Business segmentsExhibit 114: Benchmark Electronics Inc. – Key newsExhibit 115: Benchmark Electronics Inc. – Key offeringsExhibit 116: Benchmark Electronics Inc. – Segment focus12.4 Cadence Inc.Exhibit 117: Cadence Inc. – OverviewExhibit 118: Cadence Inc. – Product / ServiceExhibit 119: Cadence Inc. – Key offerings12.5 Celestica Inc.Exhibit 120: Celestica Inc. – OverviewExhibit 121: Celestica Inc. – Business segmentsExhibit 122: Celestica Inc. – Key newsExhibit 123: Celestica Inc. – Key offeringsExhibit 124: Celestica Inc. – Segment focus12.6 Cirtec MedicalExhibit 125: Cirtec Medical – OverviewExhibit 126: Cirtec Medical – Product / ServiceExhibit 127: Cirtec Medical – Key offerings12.7 Eurofins Scientific SE Exhibit 128: Eurofins Scientific SE – OverviewExhibit 129: Eurofins Scientific SE – Business segmentsExhibit 130: Eurofins Scientific SE – Key newsExhibit 131: Eurofins Scientific SE – Key offeringsExhibit 132: Eurofins Scientific SE – Segment focus12.8 Flex Ltd.Exhibit 133: Flex Ltd. – OverviewExhibit 134: Flex Ltd. – Business segmentsExhibit 135: Flex Ltd. – Key newsExhibit 136: Flex Ltd. – Key offeringsExhibit 137: Flex Ltd. – Segment focus12.9 Gerresheimer AGExhibit 138: Gerresheimer AG – OverviewExhibit 139: Gerresheimer AG – Business segmentsExhibit 140: Gerresheimer AG – Key newsExhibit 141: Gerresheimer AG – Key offeringsExhibit 142: Gerresheimer AG – Segment focus12.10 Heraeus Holding GmbHExhibit 143: Heraeus Holding GmbH – OverviewExhibit 144: Heraeus Holding GmbH – Product / ServiceExhibit 145: Heraeus Holding GmbH – Key offerings12.11 Integer Holdings Corp. Exhibit 146: Integer Holdings Corp. – OverviewExhibit 147: Integer Holdings Corp. – Business segmentsExhibit 148: Integer Holdings Corp. – Key newsExhibit 149: Integer Holdings Corp. – Key offeringsExhibit 150: Integer Holdings Corp. – Segment focus12.12 Jabil Inc.Exhibit 151: Jabil Inc. – OverviewExhibit 152: Jabil Inc. – Business segmentsExhibit 153: Jabil Inc. – Key offeringsExhibit 154: Jabil Inc. – Segment focus12.13 Nortech Systems Inc.Exhibit 155: Nortech Systems Inc. – OverviewExhibit 156: Nortech Systems Inc. – Business segmentsExhibit 157: Nortech Systems Inc. – Key offeringsExhibit 158: Nortech Systems Inc. – Segment focus12.14 Sanmina Corp.Exhibit 159: Sanmina Corp. – OverviewExhibit 160: Sanmina Corp. – Business segmentsExhibit 161: Sanmina Corp. – Key offeringsExhibit 162: Sanmina Corp. – Segment focus12.15 TE Connectivity Ltd.Exhibit 163: TE Connectivity Ltd. – OverviewExhibit 164: TE Connectivity Ltd. – Business segmentsExhibit 165: TE Connectivity Ltd. – Key offeringsExhibit 166: TE Connectivity Ltd. – Segment focus12.16 Tecomet Inc.Exhibit 167: Tecomet Inc. – OverviewExhibit 168: Tecomet Inc. – Product / ServiceExhibit 169: Tecomet Inc. – Key offerings12.17 West Pharmaceutical Services Inc. Exhibit 170: West Pharmaceutical Services Inc. – OverviewExhibit 171: West Pharmaceutical Services Inc. – Business segmentsExhibit 172: West Pharmaceutical Services Inc. – Key newsExhibit 173: West Pharmaceutical Services Inc. – Key offeringsExhibit 174: West Pharmaceutical Services Inc. – Segment focus13 Appendix
13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 175: Inclusions checklistExhibit 176: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 177: Currency conversion rates for US$13.4 Research methodologyExhibit 178: Research methodologyExhibit 179: Validation techniques employed for market sizingExhibit 180: Information sources13.5 List of abbreviationsExhibit 181: List of abbreviationsAbout Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
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Market Dynamics

Key Drivers & Challenges

The growing focus of OEMs on reducing medical device manufacturing costs is a key factor driving the growth. Medical device manufacturers are under pressure to offer high-quality healthcare services at low costs due to healthcare budget cuts around the world. As a result, medical device manufacturing outsourcing is gaining significant popularity among OEMs due to the cost-cutting from the manufacturers. Furthermore, OEMs are outsourcing their manufacturing capabilities because of high growth potential and increasing demand for these products from end-users. Hence, these factors are expected to drive the market growth during the forecast period.

A stringent regulatory environment is a significant challenge hampering the Medical Device Manufacturing Outsourcing Market growth. Many countries have their own regulations for medical products and these companies are planning to outsource their manufacturing. Furthermore, the US FDA and the European Commission have implemented stringent regulations to be followed by the companies depending upon the type of product to maintain quality control and meet environmental requirements. Non-compliance with such regulations will impact the business activities of companies. Hence, these stringent regulations are expected to impede market growth during the forecast period.

Major Trends

Technological advances for manufacturing medical devices is a major trend shaping the Medical Device Manufacturing Outsourcing Market. There are several advancements in technologies which include 3D printing technology and athermal lasers. Furthermore, to meet the increasing demand from customers, OEMs are adopting these technologies at a rapid rate. It also helps companies to launch new products in the market with the help of these technologies. The use of Industry 4.0 technologies, such as cloud computing, cyber-physical systems, machine-to-machine communication, and the introduction of advanced automation, is helping many OEMs to overcome production-related challenges. Therefore, the adoption of these advanced technologies is expected to drive market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Company Profiles

The medical device manufacturing outsourcing market report includes information on the product launches, sustainability, and prospects of leading vendors, including Benchmark Electronics Inc., Cadence Inc., Celestica Inc., Cirtec Medical, Eurofins Scientific SE, Flex Ltd., Gerresheimer AG, Heraeus Holding GmbH, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., NN Inc., Nortech Systems Inc., Plexus Corp., Sanmina Corp., Tata Sons Pvt. Ltd., TE Connectivity Ltd., Tecomet Inc., TRICOR Systems Inc., and West Pharmaceutical Services Inc.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Market Segmentation

This 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 Rest of World (ROW)).

The market share growth of the EMS segment will be significant during the forecast period. The primary factor driving the growth is the increased use of electronics in the healthcare industry. The increased demand for EMS is due to the emergence of robotics, wireless products, and advanced medical software in the market. Furthermore, they offer effective solutions to reduce cost, besides increasing quality, various benefits of innovation, and efficiency. It also reduces the time to advertise a new product and improves supply chain management. Hence, these factors are expected to drive the market growth of this segment during the forecast period.

Gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Related Reports

The medical billing outsourcing market is estimated to grow at a CAGR of 15.73% between 2022 and 2027. The size of the market is forecast to increase by USD 11,704.49 million. Furthermore, this report extensively covers market segmentation by end-user (physician groups and clinics and hospitals), type (medical billing companies and freelance), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The improvement in healthcare administrative processes is a key factor driving the growth of the market during the forecast period.

The contract development and manufacturing organization (CDMO) outsourcing market is estimated to grow at a CAGR of 12.76% between 2022 and 2027. Furthermore, this report extensively covers market segmentation by product (small molecules and biologics), service (API/bulk drugs, drug product manufacturing, and packaging), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The increasing demand for one-stop-shop CDMOs is a key factor driving the growth of the contract development and manufacturing organization (CDMO) outsourcing market during the forecast period.

Medical Device Manufacturing Outsourcing Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.85%

Market growth 2023-2027

USD 46,241.15 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.88

Regional analysis

North America, Asia, Europe, and the Rest of the World (ROW)

Performing market contribution

North America at 36%

Key countries

US, Germany, China, Japan, and India

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Benchmark Electronics Inc., Cadence Inc., Celestica Inc., Cirtec Medical, Eurofins Scientific SE, Flex Ltd., Gerresheimer AG, Heraeus Holding GmbH, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., NN Inc., Nortech Systems Inc., Plexus Corp., Sanmina Corp., Tata Sons Pvt. Ltd., TE Connectivity Ltd., Tecomet Inc., TRICOR Systems Inc., and West Pharmaceutical Services Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

1.1 Market OverviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Medical Device Regulatory ClassificationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global medical device manufacturing outsourcing market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global medical device manufacturing outsourcing market 2017 – 2021 ($ million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)4.3 Medical device regulatory classification Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Medical device regulatory classification Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 EMS – Market size and forecast 2022-2027 Exhibit 34: Chart on EMS – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on EMS – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on EMS – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on EMS – Year-over-year growth 2022-2027 (%)6.4 Raw materials – Market size and forecast 2022-2027 Exhibit 38: Chart on Raw materials – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Raw materials – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Raw materials – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Raw materials – Year-over-year growth 2022-2027 (%)6.5 Finished goods – Market size and forecast 2022-2027 Exhibit 42: Chart on Finished goods – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on Finished goods – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on Finished goods – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Finished goods – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Medical Device Regulatory Classification

7.1 Market segmentsExhibit 47: Chart on Medical Device Regulatory Classification – Market share 2022-2027 (%)Exhibit 48: Data Table on Medical Device Regulatory Classification – Market share 2022-2027 (%)7.2 Comparison by Medical Device Regulatory Classification Exhibit 49: Chart on Comparison by Medical Device Regulatory ClassificationExhibit 50: Data Table on Comparison by Medical Device Regulatory Classification7.3 Class II – Market size and forecast 2022-2027 Exhibit 51: Chart on Class II – Market size and forecast 2022-2027 ($ million)Exhibit 52: Data Table on Class II – Market size and forecast 2022-2027 ($ million)Exhibit 53: Chart on Class II – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Class II – Year-over-year growth 2022-2027 (%)7.4 Class III – Market size and forecast 2022-2027 Exhibit 55: Chart on Class III – Market size and forecast 2022-2027 ($ million)Exhibit 56: Data Table on Class III – Market size and forecast 2022-2027 ($ million)Exhibit 57: Chart on Class III – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Class III – Year-over-year growth 2022-2027 (%)7.5 Class I – Market size and forecast 2022-2027 Exhibit 59: Chart on Class I – Market size and forecast 2022-2027 ($ million)Exhibit 60: Data Table on Class I – Market size and forecast 2022-2027 ($ million)Exhibit 61: Chart on Class I – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Class I – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Medical Device Regulatory Classification Exhibit 63: Market opportunity by Medical Device Regulatory Classification ($ million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 65: Chart on Market share by geography 2022-2027 (%)Exhibit 66: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 67: Chart on Geographic comparisonExhibit 68: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Asia – Market size and forecast 2022-2027 Exhibit 73: Chart on Asia – Market size and forecast 2022-2027 ($ million)Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 ($ million)Exhibit 75: Chart on Asia – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on Asia – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027 Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 Rest of World (ROW) – Market size and forecast 2022-2027 Exhibit 81: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)Exhibit 82: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)Exhibit 83: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)9.7 US – Market size and forecast 2022-2027 Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)9.8 China – Market size and forecast 2022-2027 Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)9.9 Germany – Market size and forecast 2022-2027 Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.10 Japan – Market size and forecast 2022-2027 Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.11 India – Market size and forecast 2022-2027 Exhibit 101: Chart on India – Market size and forecast 2022-2027 ($ million)Exhibit 102: Data Table on India – Market size and forecast 2022-2027 ($ million)Exhibit 103: Chart on India – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on India – Year-over-year growth 2022-2027 (%)9.12 Market opportunity by geography Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 106: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 107: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 108: Overview on factors of disruption11.4 Industry risksExhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 110: Vendors covered12.2 Market positioning of vendors Exhibit 111: Matrix on vendor position and classification12.3 Benchmark Electronics Inc. Exhibit 112: Benchmark Electronics Inc. – OverviewExhibit 113: Benchmark Electronics Inc. – Business segmentsExhibit 114: Benchmark Electronics Inc. – Key newsExhibit 115: Benchmark Electronics Inc. – Key offeringsExhibit 116: Benchmark Electronics Inc. – Segment focus12.4 Cadence Inc.Exhibit 117: Cadence Inc. – OverviewExhibit 118: Cadence Inc. – Product / ServiceExhibit 119: Cadence Inc. – Key offerings12.5 Celestica Inc.Exhibit 120: Celestica Inc. – OverviewExhibit 121: Celestica Inc. – Business segmentsExhibit 122: Celestica Inc. – Key newsExhibit 123: Celestica Inc. – Key offeringsExhibit 124: Celestica Inc. – Segment focus12.6 Cirtec MedicalExhibit 125: Cirtec Medical – OverviewExhibit 126: Cirtec Medical – Product / ServiceExhibit 127: Cirtec Medical – Key offerings12.7 Eurofins Scientific SE Exhibit 128: Eurofins Scientific SE – OverviewExhibit 129: Eurofins Scientific SE – Business segmentsExhibit 130: Eurofins Scientific SE – Key newsExhibit 131: Eurofins Scientific SE – Key offeringsExhibit 132: Eurofins Scientific SE – Segment focus12.8 Flex Ltd.Exhibit 133: Flex Ltd. – OverviewExhibit 134: Flex Ltd. – Business segmentsExhibit 135: Flex Ltd. – Key newsExhibit 136: Flex Ltd. – Key offeringsExhibit 137: Flex Ltd. – Segment focus12.9 Gerresheimer AGExhibit 138: Gerresheimer AG – OverviewExhibit 139: Gerresheimer AG – Business segmentsExhibit 140: Gerresheimer AG – Key newsExhibit 141: Gerresheimer AG – Key offeringsExhibit 142: Gerresheimer AG – Segment focus12.10 Heraeus Holding GmbHExhibit 143: Heraeus Holding GmbH – OverviewExhibit 144: Heraeus Holding GmbH – Product / ServiceExhibit 145: Heraeus Holding GmbH – Key offerings12.11 Integer Holdings Corp. Exhibit 146: Integer Holdings Corp. – OverviewExhibit 147: Integer Holdings Corp. – Business segmentsExhibit 148: Integer Holdings Corp. – Key newsExhibit 149: Integer Holdings Corp. – Key offeringsExhibit 150: Integer Holdings Corp. – Segment focus12.12 Jabil Inc.Exhibit 151: Jabil Inc. – OverviewExhibit 152: Jabil Inc. – Business segmentsExhibit 153: Jabil Inc. – Key offeringsExhibit 154: Jabil Inc. – Segment focus12.13 Nortech Systems Inc.Exhibit 155: Nortech Systems Inc. – OverviewExhibit 156: Nortech Systems Inc. – Business segmentsExhibit 157: Nortech Systems Inc. – Key offeringsExhibit 158: Nortech Systems Inc. – Segment focus12.14 Sanmina Corp.Exhibit 159: Sanmina Corp. – OverviewExhibit 160: Sanmina Corp. – Business segmentsExhibit 161: Sanmina Corp. – Key offeringsExhibit 162: Sanmina Corp. – Segment focus12.15 TE Connectivity Ltd.Exhibit 163: TE Connectivity Ltd. – OverviewExhibit 164: TE Connectivity Ltd. – Business segmentsExhibit 165: TE Connectivity Ltd. – Key offeringsExhibit 166: TE Connectivity Ltd. – Segment focus12.16 Tecomet Inc.Exhibit 167: Tecomet Inc. – OverviewExhibit 168: Tecomet Inc. – Product / ServiceExhibit 169: Tecomet Inc. – Key offerings12.17 West Pharmaceutical Services Inc. Exhibit 170: West Pharmaceutical Services Inc. – OverviewExhibit 171: West Pharmaceutical Services Inc. – Business segmentsExhibit 172: West Pharmaceutical Services Inc. – Key newsExhibit 173: West Pharmaceutical Services Inc. – Key offeringsExhibit 174: West Pharmaceutical Services Inc. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 175: Inclusions checklistExhibit 176: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 177: Currency conversion rates for US$13.4 Research methodologyExhibit 178: Research methodologyExhibit 179: Validation techniques employed for market sizingExhibit 180: Information sources13.5 List of abbreviationsExhibit 181: List of abbreviations

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