Jabil Inc. (US), Sanmina Corporation (US) and TE Connectivity (Switzerland) are Leading Players in the IVD Contract Manufacturing Market
The global IVD contract manufacturing market is projected to reach USD 26.7 billion by 2028 from USD 15.4 billion in 2023, at a CAGR of 11.5% during the forecast period. Growth in this market can primarily be attributed to the increasing number of contract manufacturing service providers in emerging nations and cost-effectiveness of the goods developed by them.
The prominent players in the IVD contract manufacturing market include Jabil Inc. (US), Sanmina Corporation (US), TE Connectivity (Switzerland), Celestica Inc.(Canada), Savyon Diagnostics (Israel), West Pharmaceutical Services, Inc.(US), KMC Systems (US), Cenogenics Corporation (US), Nova Biomedical (US), Cone Bioproducts (US), Invetech (US), Avioq Inc. (US), Meridian Bioscience Inc.(US), Kimball Electronics Inc.(US), Nemera (France), Viant Medical Holdings Inc. (US), Phillips Medsize Corporation (US), Nolato GW, Inc. (US), Stratec (Germany), Thermofisher (US), Fujirebio (Japan), Biokit (Spain), Affinity Lifescience (Canada), Sekisui (US), and Prestige Diagnostics (Ireland).
To know about the assumptions considered for the study download the pdf brochure
Jabil, Inc. is a leading player in the market. The company offers a focused range of products and services in the healthcare domain as well as advanced manufacturing technologies. This factor, coupled with its robust presence of manufacturing facilities worldwide, further adds to its value. The company also serves some of the top companies in other domains, which strengthens its brand recognition. Jabil also collaborates with major pharma and medical device companies for contract manufacturing. In 2022, for instance, the company collaborated with IdentifySensors Biologics, to develop processes for reliable robust manufacturing of portable devices that rapidly detect a wide range of infections at the molecular level with accuracy that is superior to Polymerase Chain Reaction (PCR) testing. It has invested USD 43.0 million, USD 34.0 million, and USD 33.0 million in research and development in 2020, 2021, and 2022, respectively.
Sanmina Corporation has established itself as a global player with a strong presence in almost 40 countries worldwide. The company focuses on technological advancements by offering diverse electronic medical devices and custom medical devices. The company follows changing trends such as Industry 4.0 by focusing on automation and cloud-based functioning in its operations. The company also caters to a host of other market segments apart from medical device manufacturing. The company’s R&D expenses were USD 27.6 million, USD 22.6 million, and USD 20.9 million in 2019, 2020, and 2021, respectively. The customer-focused organization with 34,000 employees, vertically integrated global/regional manufacturing capabilities, comprehensive IT systems, and a flexible global supplier base; expertise in serving diverse end markets and expertise in industry standards and regulatory requirements are some of the competitive strengths of Sanmina Corporation.
TE Connectivity is a leader in the contract manufacturing space. The company has close connections with large IVD companies and often sells its product via direct sales to these manufacturers. In fiscal year 2022, the company incurred at least 75% of total revenue via direct sales. Their indirect sales in conducted via distributorship across third-party organizations. The company experiences competition across its breadth of product offerings, product innovation, quality, delivery, services, and price. Their large R&D expenditure, clinical testing capabilities, large volume manufacturing capabilities have marked their presence as a leading partner to large IVD manufacturers.
Related Reports:
IVD Contract Manufacturing Market by Device Type (Consumables, Equipment), Technology (Immunoassay, Clinical Chemistry, Molecular Diagnostics, Microbiology, Hematology, Coagulation), Service (Manufacturing, Assay Development) - Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
