Medical Device Engineering Services Market

Medical Device Engineering Services Market - Global Forecast to 2024

Report Code : UC 1986
Published ON : Aug, 2019
The study involved four major activities to estimate the current market size for medical device engineering services. Exhaustive secondary research was done 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 were used to estimate the market size of segments and subsegments.

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
           1.3.2 Markets Covered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology
    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
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions for the Study
    2.6 Limitations

3 Executive Summary

4 Primary Insights

5 Market Overview
    5.1 Market Dynamics 
           5.1.1 Drivers
           5.1.2 Restraints
           5.1.3 Opportunities
           5.1.4 Challenges

6 Medical Device Engineering Services Market, By Type
    6.1 Introduction
    6.2 Product Innovation & Design/Industrial Design Services
    6.3 Prototyping Services
           6.3.1 Model Making
           6.3.2 Rapid Prototyping
    6.4 Mechanical Engineering Services
    6.5 Electronics Engineering & Software Development Services
    6.6 Connectivity and Mobility Services
    6.7 Cybersecurity Services
    6.8 Product Testing Services
    6.9 Regulatory Consulting Services
    6.10 Product Support & Maintenance Services
    6.11 Others

7 Medical Device Design Services Market, By Device Type
    7.1 Introduction
    7.2 Imaging Devices
    7.3 Therapeutic Devices
    7.4 in Vitro Diagnostic Devices
    7.6 Diagnostic & Patient Monitoring Devices
    7.7 Surgical Devices
    7.8 Others

8 Medical Device Engineering Services Market, By Region
    8.1 North America
           8.1.1 US
           8.1.2 Canada
    8.2 Europe
           8.2.1 Germany
           8.2.2 US
           8.2.3 France
           8.2.4 Italy
           8.2.5 Spain
           8.2.6 Rest of Europe (RoE)
    8.3 Asia-Pacific
           8.3.1 China
           8.3.2 Japan
           8.3.3 India
           8.3.4 Rest of Asia-Pacific (RoAPAC)
    8.4 Latin America
    8.5 Middle East & Africa

9 Competitive Landscape
    9.1 Overview
    9.2 Product Portfolio Mix
    9.3 Growth Startegy Mix
    9.4 Market Share Analysis
    9.5 Competitive Situation and Trends
           9.5.1 New Product Launches
           9.5.2 Agreements, Partnerships, & Collaborations
           9.5.3 Mergers and Acquisitions
           9.5.4 Expansions

10 Company Profiles
(Business Overview, Products and Services, Financials, Recent Developments & Strategy) *
     10.1 Embiem
     10.2 Altran
     10.3 Alten Group
     10.4 HCL
     10.5 Akka Technologies
     10.6 Capgemini
     10.7 TCS
     10.8 Wipro
     10.9 Tech Mahindra
     10.10 Accenture
     10.11 L&T Technology Services
     10.12 Althea

*Note:
1) The Segmentation Provided is Subject to Change Slightly, Depending on the Research Findings and Further Validation.
2) The List of Companies May Change as Per Further Research Findings. Top 10 Companies Will Be Profiled in This Section. Details on Financials May Not Be Given in Case of Privately Held Companies Whose Financials are Not Disclosed in Public Domain.
1) Years Considered for the Study Would Be Historical Year – 2017, Base Year – 2018, Estimated Year – 2019, Forecast Period – 2019 to 2024
2) The Market Tables Would Include Value Data in USD for the Years 2017, 2018, 2019 and Forecasted Value for 2024 Along With CAGR for the Period 2108-2024

The study involved four major activities to estimate the current market size for medical device engineering services. Exhaustive secondary research was done 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 were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, trade directories, and databases such as D&B Hoovers and Bloomberg Businessweek were referred to identify and collect information for this study.

Primary Research

The medical device engineering services market comprises several stakeholders such as medical device engineering service providers, medical device manufacturers, consulting firms, research and innovation centers. Primary sources from the supply side include CEOs, vice presidents, marketing and sales directors, business development managers, and innovation directors of medical devices have been considered. Demand-side primary sources include industry experts from the leading medical device companies.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the medical device engineering services market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Objectives of the Study

  • To define, describe, and forecast the medical device engineering services market by service, by device, and region
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, challenges, and industry trends)
  • To strategically analyze various segments and subsegments covered in the study with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities in the medical device engineering services market for stakeholders and provide details of the competitive landscape for key players
  • To profile the key players in this market and comprehensively analyze their market shares and core competencies
  • To forecast the market size of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product developments, agreements, and partnerships in the medical device engineering services market

Scope of the Report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2018-2023

Forecast units

Value (USD)

Segments covered

Service, Device, and regions

Geographies covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Companies covered

Embiem, Altran, ALTEN Group, HCL, AKKA Technologies, Capgemini, TCS, Wipro, Tech Mahindra, Accenture, L&T Technology Services, Althea

The research report categorizes the global medical device engineering services market into the following segments and subsegments:

Global Medical Device Engineering Services Market, By Type

  • Product Innovation & Design / Industrial Design Services
  • Prototyping Services
    • Model Making
    • Rapid prototyping
  • Mechanical Engineering Services
  • Electronics Engineering & Software Development
  • Connectivity and Mobility Services
  • Cybersecurity Services
  • Product Testing Services
  • Regulatory Consulting Services
  • Product Support & Maintenance Services
  • Others

Global Medical Device Engineering Services Market, By Device type

  • Imaging Devices
  • Therapeutic Devices
  • In vitro Diagnostic Devices
  • Diagnostic & Patient Monitoring Device
  • Surgical Devices
  • Others

Global Medical Device Engineering Services Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
  • Middle East and 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:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top companies

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific medical device engineering services market into South Korea, Australia, New Zealand, and others
  • Further breakdown of Latin America medical device engineering services market into Brazil, Mexico, and others

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
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