The Medical Device Contract Manufacturing Market research report aims to provide an unbiased and a comprehensive outlook of the global market to the readers. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the Medical Device Contract Manufacturing Market so far. It also notes the key trends in the market that are likely to be lucrative.
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“Booming healthcare industry has facilitated significant technological advancements in surgical procedures. These advancements have motivated key players to invest more in research & development of effective solutions, which in turn drives the medical device contract manufacturing market growth,” says the Fact.MR analyst.
Global Medical Device Contract Manufacturing Market: Segmentation
Device
- In-vitro Diagnostic Medical Devices
- Diagnostic Imaging & Medical Equipment
- Drug Delivery Devices
- Patient Monitoring Devices
- Minimally Access Surgical Instruments
- Therapeutic Patient Assistive Devices
- Other
Type of Manufacturing
- Raw Materials
- Electronics
- Finished Goods
Services
- Prototype Development
- Finished Device Manufacturing
- Assembly & Packaging
- Testing & Regulatory Support Services
- Molding & Casting
- Others
Application
- Cardiovascular
- Orthopedic
- Neurovascular
- Pulmonary
- Oncology
- Laparoscopy
- Urology & Gynecology
- Radiology
- Others
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Key Takeaways of Medical Device Contract Manufacturing Market Study:
- Minimally access surgical instruments are anticipated to witness a strong growth in demand and increase at a CAGR of 10.6% over the forecast period.
- High popularity of minimally access surgical instruments is attributed to reduced tissue trauma, minimal blood loss and pain, greater affordability, and enhanced patient satisfaction.
- Contract manufacturing of electronic devices accounts for nearly half of the total market revenue. Increasing demand for patient monitoring and diagnostic devices across the globe is a major factor driving its growth.
- Finished device manufacturing remains highly preferred service, accounting for more than a quarter of the medical device contract manufacturing market value. A large number of market players offering finished products are expected to drive the segment’s growth.
- Contract manufacturing of orthopedic devices is expected to witness significant entry of key market players, attributed to rising incidence of arthritis amongst the geriatric population. Manufacturing of these devices is poised to capture over 1/4th of the total market value.
- North America will continue to maintain its hegemony in the global market, accounting for more than 40% of the revenue, while Asia-Pacific promises lucrative growth opportunities for market players, expanding at a CAGR of 10.8% through 2026.
- Stringent government regulations, rise in incidence of chronic conditions, strong focus on enhanced patient care, and adoption of minimally invasive procedures are prompting key players to enter both the regional markets.
Following Questions Answers Covered in the Report are:
- How will the global Medical Device Contract Manufacturing Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Medical Device Contract Manufacturing Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Medical Device Contract Manufacturing Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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