Medical Device Contract Manufacturing Market

Medical Device Contract Manufacturing Market by Device Type (IVD (Equipment, Consumable), Cardiovascular, Diabetes Care, Drug Delivery, Dental, Orthopedic, Ophthalmic, Endoscopy Devices) Class of Device (Class I, II III), Services - Global Forecast to 2024

Report Code : MD 7111
Published ON : May, 2019

[241 Pages Report] The medical device contract manufacturing market is projected to reach USD 91.3 billion by 2024 from USD 55.0 billion in 2019, at a CAGR of 10.6%. The key factors driving the growth of the medical device contract manufacturing market include the overall growth of the medical devices market as a whole (mainly due to rising disease prevalence, life expectancy, and the geriatric population), increasing technological adoption in the medical devices industry leading to electronically integrated devices, and low returns on investment due to the rising cost of in-house manufacturing. Technological advancements have prompted end users to overhaul or update their manufacturing systems. As this is a costly process, they look forward to contract manufacturing. However, market growth is impeded by the growing consolidation in the medical devices market.

Medical Device Contract Manufacturing Market - Attractive Opportunities by 2024

Based on the device type, the IVD devices segment is expected to account for the largest share of the market in 2019.

Growth in the IVD devices market segment is in tandem with the growing number of hospitals and clinical laboratories in developing countries, increasing volume of IVD tests performed worldwide, technological advancements such as electronic integration with high-throughput capabilities, and automation and advancements in the life science research area.

Based on service, the development and manufacturing services segment is expected to account for the largest share of the medical device contract manufacturing market.

The high capital expenditure for in-house manufacturing of medical devices with low returns on investment, growth in the medical devices industry, and continuously improving capabilities for new device development and manufacturing are the major factors responsible for the large share of the development and manufacturing services segment.

Class II medical devices are expected to account for a major share of the market in 2019, followed by Class I and Class III devices. The large share of this segment can be attributed to the high utility of Class II devices as compared to Class I devices and the low number of regulatory compliance issues as compared to Class III devices.

Medical Device Contract Manufacturing Market - By Region 2024

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.

Key Market Players

Flex Ltd. (Singapore) and Jabil Inc. (US) dominated the global Medical Device Contract Manufacturing Market in 2018. Some of the other players competing in this market are West Pharmaceutical Services, Inc. (US), Nipro Corporation (Japan), Integer Holdings Corporation (US) TE Connectivity, Ltd. (Switzerland), Benchmark Electronics, Inc. (US), Sanmina Corporation (US), SMC Ltd. (US), Celestica Inc. (Canada), Consort Medical PLC (UK), Plexus Corporation (US), Gerresheimer Ag (Germany), Nortech Systems, Inc. (US), Kimball Electronics Inc. (US), Nordson Corporation (US), Teleflex Incorporated (US), Tecomet, Inc. (US), Nemera (France), and Tessy Plastics, Corp. (US).

Recent Developments

  • In April 2019, West Pharmaceutical Services, Inc. (US) expanded its presence in the Asia Pacific region with a new sales office in Korea—West Pharmaceutical Services Korea Ltd.
  • In March 2019, Nemera Development SA (France) partnered with Novo Nordisk (Denmark) to build a new manufacturing site in France to manufacture injectable devices.
  • In October 2018, Phillips-Medisize Corporation (US) signed an agreement with InterSystem Corporation (US) to develop a third-generation connected health platform.
  • In July 2018, Jabil Inc. (US) acquired True-Tech Corporation (US), a manufacturer specializing in aerospace, semiconductor, and machined medical components for USD 95.9 million.

Key Questions Addressed in the Report

  • Who are the top 10 players operating in the medical device contract manufacturing market?
  • What are the drivers, restraints, opportunities, and challenges in the medical device contract manufacturing market?
  • What are the industry trends as well as the current scenario in the medical device contract manufacturing market?
  • What are the growth trends in the medical device contract manufacturing market at the segmental and overall market levels?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Supply Side: Market Size Approach of Medical Device Contract Manufacturing
           2.2.2 Demand Side: Market Size Approach of Medical Device Contract Manufacturing
    2.3 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 36)
    4.1 Medical Device Contract Manufacturing: Market Overview
    4.2 Medical Device Contract Manufacturing Market: Developed Vs. Developing Regions
    4.3 Geographical Snapshot: Medical Device Contract Manufacturing Market
    4.4 Geographic Mix: Medical Device Contract Manufacturing Market
    4.5 Asia Pacific: Medical Device Contract Manufacturing Market Share, By Device Type and Country

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Drivers
           5.2.1 High Growth of the Medical Devices Market
           5.2.2 Technological Advancement in Medical Device Modalities
           5.2.3 Impact of Industry 4.0 on the Medical Devices Industry
    5.3 Market Restraints
           5.3.1 Consolidation in the Medical Devices Market
    5.4 Market Opportunities
           5.4.1 High Growth Potential of Developing Countries Across APAC and Latin America
    5.5 Burning Issues
           5.5.1 Balancing Technological Capabilities Against Costs

6 Industry Trends (Page No. - 47)
    6.1 Increasing Consolidation of OEMs and CMOs
    6.2 Growing Interest of Private Equity Firms in Medical Device Contract Manufacturing
    6.3 Outsourcing of Medical Device Contract Manufacturing Services

7 Medical Device Contract Manufacturing Market, By Device Type (Page No. - 51)
    7.1 Introduction
    7.2 IVD Devices
           7.2.1 IVD Consumables
                    7.2.1.1 Increased Accessibility and Demand for Reagents & Kits and Increasing Volume of IVD Tests Performed are the Key Factors Driving Market Growth
           7.2.2 IVD Equipment
                    7.2.2.1 Advances in Life Sciences Research to Support Market Growth
    7.3 Diagnostic Imaging Devices
           7.3.1 Adoption of New and Advanced Diagnostic Imaging Systems in Developing Countries to Support Market Growth
    7.4 Cardiovascular Devices
           7.4.1 Rising Prevalence of Cardiovascular Diseases to Drive the Demand for Contract Manufacturing Services
    7.5 Drug Delivery Devices
           7.5.1 Infusion Devices and Administration Sets
                    7.5.1.1 Rising Incidence of Chronic Diseases & Growing Number of Surgical Procedures to Drive Market Growth
           7.5.2 Syringes
                    7.5.2.1 High Cost of Safety Syringes and the Increasing Incidence of Needlestick Injuries are the Major Challenges Faced By Manufacturers
           7.5.3 Autoinjectors & Pen Injectors
                    7.5.3.1 Rising Number of Regulatory Approvals for New Drug Therapies and Advancements in Drug Delivery are Supporting Market Growth
           7.5.4 Inhalers
                    7.5.4.1 High Prevalence of Asthma and Copd to Drive Market Growth
    7.6 Orthopedic Devices
           7.6.1 High Prevalence of Orthopedic Conditions Coupled With the Rising Geriatric Population is the Major Factor Driving the Growth of This Market
    7.7 Ophthalmology Devices
           7.7.1 Increasing Prevalence of Ophthalmic Diseases & Technological Advancements in Ophthalmic Devices to Support Market Growth
    7.8 Diabetes Care Devices
           7.8.1 Rising Prevalence of Diabetes is Driving the Demand for Diabetes Devices and Consumables
    7.9 Dental Devices
           7.9.1 Rising Incidence of Dental Diseases Coupled With the Increasing Adoption of Technologically Advanced Dental Diagnostic Devices to Drive Market Growth
    7.10 Endoscopy Devices
           7.10.1 Growth in This Market is Driven By the Rising Patient Preference for Minimally Invasive Procedures
    7.11 Other Devices

8 Medical Device Contract Manufacturing Market, By Service (Page No. - 76)
    8.1 Introduction
    8.2 Device Development and Manufacturing Services
           8.2.1 Device Engineering Services
           8.2.2 Process Development Services
           8.2.3 Device Manufacturing Services
    8.3 Quality Management Services
           8.3.1 Packaging Validation Services
           8.3.2 Inspection & Testing Services
    8.4 Final Goods Assembly Services

9 Medical Device Contract Manufacturing Market, By Class of Device (Page No. - 86)
    9.1 Introduction
           9.1.1 Device Classification, By Country/Region
                    9.1.1.1 US
                               9.1.1.1.1 Class I: General Controls
                               9.1.1.1.2 Class II: General Controls With Special Controls
                               9.1.1.1.3 Class III: General Controls, Special Controls, and Premarket Approval
                    9.1.1.2 European Union and European Free Trade Association
                    9.1.1.3 Canada
                    9.1.1.4 Australia
    9.2 Class I Medical Devices
    9.3 Class II Medical Devices
    9.4 Class III Medical Devices

10 Medical Device Contract Manufacturing Market, By Region (Page No. - 93)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 China
                       10.2.1.1 The Medical Device Contract Manufacturing Market in China is Driven By the Low Labor Cost
             10.2.2 Japan
                       10.2.2.1 The Demand for Medical Devices in Japan is Rising Owing to the Increasing Aging Population and the Growing Number of Patients With Chronic and Lifestyle Diseases
             10.2.3 India
                       10.2.3.1 Presence of A Large Patient Population and Growing Access to Healthcare Facilities to Drive the Market in India
             10.2.4 RoAPAC
     10.3 North America
             10.3.1 US
                       10.3.1.1 Increasing Cost of In-House Manufacturing is Encouraging Medical Device Companies to Adopt Contract Manufacturing as A Cost-Cutting Measure
             10.3.2 Canada
                       10.3.2.1 Strong Presence of Key Contract Manufacturing Companies in the Country to Support the Market Growth
     10.4 Latin America
             10.4.1 Mexico
                       10.4.1.1 Highly Trained, Less Expensive, and Plentiful, With Almost 150,000 Dedicated Workers in the Industry to Boost the Growth in Market
             10.4.2 Rest of Latin America
     10.5 Europe
             10.5.1 Germany
                       10.5.1.1 Concentration of Major Medical Devices Companies in the Country and High Healthcare Expenditure to Support the Market Growth
             10.5.2 France
                       10.5.2.1 Increasing Government Pressure to Reduce Healthcare Costs and Budgetary Constraints to Support Contract Manufacturing Market in Country
             10.5.3 UK
                       10.5.3.1 Increasing Number of Accredited Clinical Laboratories and Hospital Laboratories to Drive Demand of Medical Devices Thereby Driving The Market For Contract Manufacturing
             10.5.4 Italy
                       10.5.4.1 Healthcare Coverage for All Citizens and Foreign Residents is Driving the Consumption of Medical Devices
             10.5.5 Spain
                       10.5.5.1 The Increasing Adoption of Home-Based Medical Devices to Drive the Market
             10.5.6 Rest of Europe
     10.6 Middle East and Africa
             10.6.1 Growing Healthcare Investments and Improvement in Healthcare Infrastructure to Drive the Market in MEA.

11 Competitive Landscape (Page No. - 161)
     11.1 Introduction
     11.2 Geographical Assessment of Key Players in the Medical Device Contract Manufacturing Market (2018)
     11.3 Product Portfolio Matrix
     11.4 Revenue Share Analysis of Key Players in Medical Device Contract Manufacturing Market
     11.5 Medical Device Contract Manufacturing Market Share Analysis
     11.6 Competitive Situations and Trends
             11.6.1 Agreements (2017 – 2019)
             11.6.2 Partnerships (2016 – 2019)
             11.6.3 Acquisitions (2018 – 2019)
             11.6.4 Expansions (2018 – 2019)
             11.6.5 Product/Service Launch and Approvals (2016 – 2018)

12 Company Profiles (Page No. - 169)
(Business Overview, Products and Services Offered, Recent Developments, and MnM View)*
     12.1 Flex, Ltd.
     12.2 Jabil Inc.
     12.3 TE Connectivity Ltd.
     12.4 Sanmina Corporation
     12.5 Nipro Corporation
     12.6 Celestica International LP. (Subsidiary of Onex Corporation)
     12.7 Plexus Corp.
     12.8 Benchmark Electronics Inc.
     12.9 Integer Holdings Corporation
     12.10 Gerresheimer AG
     12.11 West Pharmaceutical Services, Inc.
     12.12 Nortech Systems, Inc.
     12.13 Nemera Development S.A.
     12.14 Consort Medical PLC
     12.15 Tessy Plastics Corp
     12.16 Kimball Electronics, Inc.
     12.17 Viant Medical
     12.18 Tecomet, Inc.
     12.19 SMC Ltd.
     12.20 Phillips-Medisize Corporation

* Business Overview, Products and Services Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 233)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (145 Tables)

Table 1 Standard Currency Conversion Rates (Unit of USD)
Table 2 Market Dynamics: Impact Analysis
Table 3 Key Acquisitions in the Medical Devices Industry
Table 4 Key Examples of OEM Consolidation in the Last 5 Years
Table 5 Key Examples of Cmo Consolidation in the Last 3 Years
Table 6 Key Acquisitions By Private Equity Firms
Table 7 Examples of Key Collaborations and Agreements
Table 8 Medical Device Contract Manufacturing: Market, By Device Type, 2017–2024 (USD Million)
Table 9 IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 10 IVD Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 11 IVD Consumables Market, By Country/Region, 2017–2024 (USD Million)
Table 12 IVD Equipment Market, By Country/Region, 2017–2024 (USD Million)
Table 13 Diagnostic Imaging Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 14 Prevalence of Cardiovascular Diseases, 2015–2035
Table 15 Cardiovascular Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 16 Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 17 Drug Delivery Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 18 Infusion Devices and Administration Sets Market, By Country/Region, 2017–2024 (USD Million)
Table 19 Syringes Market, By Country/Region, 2017–2024 (USD Million)
Table 20 Recent Approvals for Autoinjectors & Pen Injectors Across the Globe
Table 21 Autoinjectors and Pen Injectors Market, By Country/Region, 2017–2024 (USD Million)
Table 22 Inhalers Market, By Country/Region, 2017–2024 (USD Million)
Table 23 Orthopedic Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 24 Ophthalmology Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 25 Diabetes Care Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 26 Dental Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 27 Endoscopy Devices Market, By Country/Region, 2017–2024 (USD Million)
Table 28 Contract Manufacturing Market for Other Devices, By Country/Region, 2017–2024 (USD Million)
Table 29 Market, By Service, 2017–2024 (USD Million)
Table 30 Market for Device Development and Manufacturing Services, By Country, 2017–2024 (USD Million)
Table 31 Market for Quality Management Services, By Country, 2017–2024 (USD Million)
Table 32 Market for Final Goods Assembly Services, By Country, 2017–2024 (USD Million)
Table 33 Market, By Class of Device, 2017–2024 (USD Million)
Table 34 Class I Medical Device Contract Manufacturing: Market, By Country, 2017–2024 (USD Million)
Table 35 Class Ii Medical Device Contract Manufacturing: Market, By Country, 2017–2024 (USD Million)
Table 36 Class Iii Medical Device Contract Manufacturing: Market, By Country, 2017–2024 (USD Million)
Table 37 Market, By Region, 2017–2024 (USD Million)
Table 38 Key Macroindicators: Asia Pacific
Table 39 Asia Pacific: Market, By Country, 2017–2024 (USD Million)
Table 40 Asia Pacific: Market, By Device Type, 2017–2024 (USD Million)
Table 41 Asia Pacific: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 42 Asia Pacific: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 43 Asia Pacific: Market, By Class of Device, 2017–2024 (USD Million)
Table 44 Asia Pacific: Market, By Service, 2017–2024 (USD Million)
Table 45 China: Market, By Device Type, 2017–2024 (USD Million)
Table 46 China: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 47 China: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 48 China: Market, By Class of Device, 2017–2024 (USD Million)
Table 49 China: Market, By Service, 2017–2024 (USD Million)
Table 50 Japan: Market, By Device Type, 2017–2024 (USD Million)
Table 51 Japan: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 52 Japan: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 53 Japan: Market, By Class of Device, 2017–2024 (USD Million)
Table 54 Japan: Market, By Service, 2017–2024 (USD Million)
Table 55 India: Market, By Device Type, 2017–2024 (USD Million)
Table 56 India: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 57 India: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 58 India: Market, By Class of Device, 2017–2024 (USD Million)
Table 59 India: Market, By Service, 2017–2024 (USD Million)
Table 60 Rest of APAC: Market, By Device Type, 2017–2024 (USD Million)
Table 61 Rest of APAC: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 62 Rest of APAC: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 63 Rest of APAC: Market, By Class of Device, 2017–2024 (USD Million)
Table 64 Rest of APAC: Market, By Service, 2017–2024 (USD Million)
Table 65 North America: Market, By Country, 2017–2024 (USD Million)
Table 66 North America: Market, By Device Type, 2017–2024 (USD Million)
Table 67 North America: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 68 North America: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 69 North America: Market, By Class of Device, 2017–2024 (USD Million)
Table 70 North America: Market, By Service, 2017–2024 (USD Million)
Table 71 Key Macroindicators: US
Table 72 US: Market, By Device Type, 2017–2024 (USD Million)
Table 73 US: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 74 US: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 75 US: Market, By Class of Device, 2017–2024 (USD Million)
Table 76 US: Market, By Service, 2017–2024 (USD Million)
Table 77 Key Macroindicators: Canada
Table 78 Canada: Market, By Device Type, 2017–2024 (USD Million)
Table 79 Canada: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 80 Canada: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 81 Canada: Market, By Class of Device, 2017–2024 (USD Million)
Table 82 Canada: Market, By Service, 2017–2024 (USD Million)
Table 83 Latin America: Market, By Country, 2017–2024 (USD Million)
Table 84 Latin America: Market, By Device Type, 2017–2024 (USD Million)
Table 85 Latin America: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 86 Latin America: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 87 Latin America: Market, By Class of Device, 2017–2024 (USD Million)
Table 88 Latin America: Market, By Service, 2017–2024 (USD Million)
Table 89 Mexico: Market, By Device Type, 2017–2024 (USD Million)
Table 90 Mexico: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 91 Mexico: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 92 Mexico: Market, By Class of Device, 2017–2024 (USD Million)
Table 93 Mexico: Market, By Service, 2017–2024 (USD Million)
Table 94 Rest of Latin America: Market, By Device Type, 2017–2024 (USD Million)
Table 95 Rest of Latin America: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 96 Rest of Latin America: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 97 Rest of Latin America: Market, By Class of Device, 2017–2024 (USD Million)
Table 98 Rest of Latin America: Market, By Service, 2017–2024 (USD Million)
Table 99 Key Macroindicators: Europe
Table 100 Europe: Market, By Country, 2017–2024 (USD Million)
Table 101 Europe: Market, By Device Type, 2017–2024 (USD Million)
Table 102 Europe: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 103 Europe: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 104 Europe: Market, By Class of Device, 2017–2024 (USD Million)
Table 105 Europe: Market, By Service, 2017–2024 (USD Million)
Table 106 Key Macroindicators: Germany
Table 107 Germany: Market, By Device Type, 2017–2024 (USD Million)
Table 108 Germany: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 109 Germany: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 110 Germany: Market, By Class of Device, 2017–2024 (USD Million)
Table 111 Germany: Market, By Service, 2017–2024 (USD Million)
Table 112 Key Macroindicators: France
Table 113 France: Market, By Device Type, 2017–2024 (USD Million)
Table 114 France: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 115 France: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 116 France: Market, By Class of Device, 2017–2024 (USD Million)
Table 117 France: Market, By Service, 2017–2024 (USD Million)
Table 118 Key Macroindicators: UK
Table 119 UK: Market, By Device Type, 2017–2024 (USD Million)
Table 120 UK: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 121 UK: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 122 UK: Market, By Class of Device, 2017–2024 (USD Million)
Table 123 UK: Market, By Service, 2017–2024 (USD Million)
Table 124 Key Macroindicators: Italy
Table 125 Italy: Market, By Device Type, 2017–2024 (USD Million)
Table 126 Italy: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 127 Italy: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 128 Italy: Market, By Class of Device, 2017–2024 (USD Million)
Table 129 Italy: Market, By Service, 2017–2024 (USD Million)
Table 130 Key Macroindicators: Spain
Table 131 Spain: Market, By Device Type, 2017–2024 (USD Million)
Table 132 Spain: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 133 Spain: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 134 Spain: Market, By Class of Device, 2017–2024 (USD Million)
Table 135 Spain: Market, By Service, 2017–2024 (USD Million)
Table 136 Rest of Europe: Market, By Device Type, 2017–2024 (USD Million)
Table 137 Rest of Europe: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 138 Rest of Europe: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 139 Rest of Europe: Market, By Class of Device, 2017–2024 (USD Million)
Table 140 Rest of Europe: Market, By Service, 2017–2024 (USD Million)
Table 141 Middle East & Africa: Market, By Device Type, 2017–2024 (USD Million)
Table 142 Middle East & Africa: IVD Devices Market, By Type, 2017–2024 (USD Million)
Table 143 Middle East & Africa: Drug Delivery Devices Market, By Type, 2017–2024 (USD Million)
Table 144 Middle East & Africa: Market, By Class of Device, 2017–2024 (USD Million)
Table 145 Middle East & Africa: Market, By Service, 2017–2024 (USD Million)
 

List of Figures (45 Figures)
 
Figure 1 Research Design
Figure 2 Primary Sources
Figure 3 Breakdown of Primary Interviews: By Company Type, Designations, and Region
Figure 4 Data Triangulation Methodology
Figure 5 Medical Device Contract Manufacturing: Market, By Device Type, 2019 Vs. 2024 (USD Billion)
Figure 6 Medical Device Contract Manufacturing: Market, By Class of Device, 2019 Vs. 2024 (USD Billion)
Figure 7 Medical Device Contract Manufacturing: Market, By Service, 2019 Vs. 2024 (USD Billion)
Figure 8 Medical Device Contract Manufacturing: Market: Geographical Snapshot
Figure 9 Growth in the Medical Devices Market – Key Factor Driving Market Growth
Figure 10 Developing Markets to Register A Higher Growth During the Forecast Period
Figure 11 APAC to Grow at the Fastest Rate During Forecast Period
Figure 12 Asia Pacific Will Continue to Dominate the Market Through 2024
Figure 13 IVD Devices and China Commanded the Largest Share of the Asia Pacific Market in 2018
Figure 14 Increase in Life Expectancy, 2010 Vs. 2016
Figure 15 Rising Healthcare Expenditure, 2010 Vs. 2016
Figure 16 Growth in Geriatric Population, By Region, 2015–2050
Figure 17 Factors Driving the Preference for Contract Manufacturing
Figure 18 Medical Device Contract Manufacturing: Market, By Device Type, 2019 Vs. 2024 (USD Billion)
Figure 19 Estimated Diabetic Population, By Region, 2017 Vs. 2045
Figure 20 Device Development and Manufacturing Services Segment to Dominate the Market
Figure 21 Stages Involved in the Contract Manufacturing of Medical Devices
Figure 22 Medical Device Process Development Services
Figure 23 Final Assembly Services in the Global Value Chain of Medical Devices
Figure 24 Medical Device Contract Manufacturing: Market, By Class of Device, 2019 Vs. 2024
Figure 25 Medical Device Contract Manufacturing: Market, By Region, 2019 Vs. 2024 (USD Million)
Figure 26 Asia Pacific: Medical Device Contract Manufacturing: Market Snapshot
Figure 27 North America: Medical Device Contract Manufacturing: Market Snapshot
Figure 28 Europe: Medical Device Contract Manufacturing: Market Snapshot
Figure 29 Medical Device Contract Manufacturing Services By Device Type: Product Matrix
Figure 30 Medical Device Contract Manufacturing Services By Device Type: Product Matrix
Figure 31 Market Share Analysis: Medical Device Contract Manufacturing: Market (2018)
Figure 32 Flex, Ltd.: Company Snapshot (2018)
Figure 33 Jabil Inc.: Company Snapshot (2018)
Figure 34 TE Connectivity Ltd.: Company Snapshot (2018)
Figure 35 Sanmina Corporation: Company Snapshot (2018)
Figure 36 Nipro Corporation: Company Snapshot (2018)
Figure 37 Celestica International LP.: Company Snapshot (2018)
Figure 38 Plexus Corp.: Company Snapshot (2018)
Figure 39 Benchmark Electronics Inc.: Company Snapshot (2018)
Figure 40 Integer Holdings Corporation: Company Snapshot (2018)
Figure 41 Gerresheimer Ag: Company Snapshot (2017)
Figure 42 West Pharmaceutical Services Inc.: Snapshot of Company (2018)
Figure 43 Nortech Systems, Inc.: Snapshot of Company (2018)
Figure 44 Consort Medical PLC: Snapshot of Company (2018)
Figure 45 Kimball Electronics, Inc.: Snapshot of Company (2018)

The study involved 4 major activities in estimating the current market size. Exhaustive secondary research was undertaken to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market sizes of segments and subsegments.

Secondary Research

As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain key information about the industry’s supply chain, market’s monetary chain, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.

Primary Research

As a part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the medical device contract management market. Primary sources from the demand side included directors, marketing heads, and purchase managers from end-use industries. Following is the breakdown of primary respondents.

Medical Device Contract Manufacturing Market - Breakdown of Primary Interviews

To know about the assumptions considered for the study, download the pdf brochure

The major players in the medical device contract manufacturing market include Flex Ltd. (Singapore), Jabil Inc. (US), TE Connectivity Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica International (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), West Pharmaceutical Services, Inc. (US), Nortech Systems, Inc. (US), Consort Medical PLC (UK), Kimball Electronics Inc. (US), and Teleflex Incorporated (US).

Target Audience:

  • Manufacturers and distributors of medical devices
  • Manufacturers and distributors of medical device components
  • Medical device contract manufacturing companies
  • Healthcare institutions
  • Diagnostic laboratories
  • Hospitals and clinics
  • Academic institutions
  • Research institutions
  • Government associations
  • Market research and consulting firms
  • Venture capitalists and investors

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Unit

Value (USD Million)

Segments Covered

Device Type, Service, Class of Device

Geographies Covered

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific (RoAPAC)
  • Latin America
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

Companies Covered

Flex Ltd. (Singapore), Jabil Inc. (US), TE Connectivity, Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica Inc. (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), and West Pharmaceutical Services, Inc. (US).

The research report categorizes the medical device contract manufacturing market into the following segments and subsegments:

Medical Device Contract Manufacturing Market, by Device

  • IVD Devices
    • IVD Consumables
    • IVD Equipment
  • Diagnostic Imaging Devices
  • Cardiovascular Devices
  • Drug Delivery Devices
    • Infusion/Administration Sets
    • Syringes
    • Autoinjectors & Pen Injectors
    • Inhalers
  • Orthopedic Devices
  • Ophthalmology Devices
  • Diabetes Care Devices
  • Dental Devices
  • Endoscopy Devices
  • Other Devices*

*Other devices include respiratory cares devices, patient monitoring devices, wearable medical devices, and medical devices that are utilized for general & plastic surgery; wound management; neurology; nephrology; and ear, nose, and throat (ENT) treatment.

Medical Device Contract Manufacturing Market, by Service

  • Device Development and Manufacturing Services
    • Device Engineering Services
    • Process Development Services
    • Device Manufacturing Services
  • Quality Management Services
    • Packaging Validation Services
    • Inspection & Testing Services
  • Final Goods Assembly Services

Medical Device Contract Manufacturing Market, by Class of Device

  • Class I Medical Devices
  • Class II Medical Devices
  • Class III Medical Devices

Medical Device Contract Manufacturing Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific (RoAPAC)
  • Latin America
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific medical device contract manufacturing market into Australia, New Zealand, Malaysia, and others
  • Further breakdown of the Rest of Europe medical device contract manufacturing market into Belgium, Russia, the Netherlands, Switzerland, and others
  • Further breakdown of the quality management services and device development & manufacturing services market

Company Information

  • Detailed analysis and profiling of additional market players
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