Medical device contract manufacturing market is es

Medical device contract manufacturing market is estimated to be over US$ 48 Bn in 2017. It is anticipated to grow at a CAGR of 8.5% from 2019 to 2030.

The global medical device contract manufacturing market is anticipated to grow at a double digit CAGR during the forecast period. Medical device contract manufacturing organization provide services to outsource manufacturing of devices that enables original equipment manufacturers (OEMs) to reduce cost of product, product packaging and transport of product. Contract manufacturing organizations (CMOs) are selected based on the capabilities of service provided in low cost, high quality and in speculated time. With increasing need for medical devices in hospitals and meet growing demand of hospitals OEMs are collaborating with Medical device contract manufacturing organization to meet this growing need.

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MARKET ECOSYSTEM/CLASSIFICATION

By Device Type

· Diagnostic Imaging and Medical Equipment

· In-vitro Diagnostic Medical Devices

· Drug Delivery Devices

· Patient Monitoring Devices

· Minimally Access Surgical Instruments

· Therapeutic Patient Assistive Devices

By Application

· Orthopedic

· Cardiovascular

· Oncology

· Neurovascular

· Pulmonary

· Urology and Gynecology

· Laparoscopy

· Radiology

By Type of Manufacturing

· Electronics

· Finished Goods

· Raw Materials

By Service

· Prototype Development

· Finished Device Manufacturing

· Assembly and Packaging

· Testing and Regulatory Support Services

· Molding and Casting

APAC is expected to hold the largest share of this market in 2019.

The dominant share of this regional segment is mainly due to the lower cost of raw material and labor compared to the developed countries, increasing demand for medical devices due to the improving healthcare infrastructure, adoption of technologically advanced products, and the less stringent regulatory scenario compared to most developed countries

Read More :


Medical Device Contract Manufacturing Market Trends 2019-2030 | LTD, Benchmark Electronics, Jabil, Tecomet,...
Aug 21, 2019 (The Expresswire) -- Medical Device Contract Manufacturing Market By Device…

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How this report delivers?

1. Comprehensive analysis of global as well as regional markets of medical device contract manufacturing market.

2. Complete coverage of all the segments in medical device contract manufacturing market to analyze the trends, developments in the global market and forecast of market size up to 2024.

3. Comprehensive analysis of the companies operating in global medical device contract manufacturing market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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