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Medical Device Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global medical device outsourcing market reached a value of US$ 105.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 183.13 Billion by 2027, exhibiting a CAGR of 9.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Medical device outsourcing refers to a process involving the manufacturing of medical devices by third-party vendors to perform recurring manufacturing, save costs, streamline the supply chain, and deliver commercial products to markets while meeting industry requirements. It also helps enhance efficiency, improve product quality, minimize business risks, shorten product market entry and development cycles, and provide greater access to high technology. It generally includes device assembly and packaging for shipment and value-add services like package testing validation, sterilization validation and recurring processing, and process improvement identification. Nowadays, medical device outsourcing companies are providing specialized facilities, such as on-site medical labs and cleanrooms, to ensure the manufacturing of medical devices is free of contaminants.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Medical Device Outsourcing Market Trends:

The growing prevalence of medical ailments among the masses, along with the rising need for quality healthcare services, represents one of the key factors driving the demand for medical device outsourcing services over traditional approaches of product development. Moreover, the increasing focus on expanding the portfolio by relying on new innovations is contributing to the market growth. Apart from this, increasing buyer awareness levels have forced medical device manufacturers to adhere to business strategies involving constant research and development (R&D) investments and product improvements. These investments significantly increase expenditure, thereby escalating the need for medical device outsourcing as a cost-effective tool. Besides this, due to stringent government regulations regarding product safety, medical device manufacturers are collaborating with various regulatory compliance outsourcing companies to get quick and timely approval of their products with reduced cost. This also allows manufacturers to focus on core competencies and maintain production costs while addressing the needs of the emerging market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical device outsourcing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, therapeutics and application.

Breakup by Service:

 

 
 

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  • Regulatory Consulting
  • Product Design and Development
  • Product Testing and Sterilization
  • Product Implementation
  • Product Upgrade
  • Product Maintenance
     

Breakup by Therapeutics:

  • Cardiology
  • Diagnostic Imaging
  • Orthopedic
  • IVD
  • Ophthalmic
  • General and Plastic Surgery
  • Drug Delivery
  • Dental
  • Endoscopy
  • Diabetes Care
     

Breakup by Application:

  • Class I
  • Class II
  • Class III
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Celestica Inc. (Onex Corporation), Charles River Laboratories International Inc., Flex Ltd., Freyr Inc., Heraeus Holding GmbH, ICON plc, Integer Holdings Corporation, IQVIA Inc., Plexus Corp., Sanmina Corporation, TE Connectivity and West Pharmaceutical Services Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Therapeutics, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Celestica Inc. (Onex Corporation), Charles River Laboratories International Inc., Flex Ltd., Freyr Inc., Heraeus Holding GmbH, ICON plc, Integer Holdings Corporation, IQVIA Inc., Plexus Corp., Sanmina Corporation, TE Connectivity and West Pharmaceutical Services Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Medical Device Outsourcing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    Regulatory Consulting
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Product Design and Development
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Product Testing and Sterilization
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Product Implementation
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Product Upgrade
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Product Maintenance
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Therapeutics
    7.1    Cardiology
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diagnostic Imaging
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Orthopedic
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    IVD
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Ophthalmic
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    General and Plastic Surgery
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Drug Delivery
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Dental
        7.8.1 Market Trends
        7.8.2 Market Forecast
    7.9    Endoscopy
        7.9.1 Market Trends
        7.9.2 Market Forecast
    7.10    Diabetes Care
        7.10.1 Market Trends
        7.10.2 Market Forecast
8    Market Breakup by Application
    8.1    Class I
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Class II
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Class III
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Celestica Inc. (Onex Corporation)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Charles River Laboratories International Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Flex Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Freyr Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Heraeus Holding GmbH
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 SWOT Analysis
        14.3.6    ICON plc
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Integer Holdings Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    IQVIA Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Plexus Corp.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Sanmina Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    TE Connectivity
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    West Pharmaceutical Services Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Medical Device Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Medical Device Outsourcing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Medical Device Outsourcing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Medical Device Outsourcing Market: Breakup by Service (in %), 2021
Figure 5: Global: Medical Device Outsourcing Market: Breakup by Therapeutics (in %), 2021
Figure 6: Global: Medical Device Outsourcing Market: Breakup by Application (in %), 2021
Figure 7: Global: Medical Device Outsourcing Market: Breakup by Region (in %), 2021
Figure 8: Global: Medical Device Outsourcing (Regulatory Consulting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Medical Device Outsourcing (Regulatory Consulting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Medical Device Outsourcing (Product Design and Development) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Medical Device Outsourcing (Product Design and Development) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Medical Device Outsourcing (Product Testing and Sterilization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Medical Device Outsourcing (Product Testing and Sterilization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Medical Device Outsourcing (Product Implementation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Medical Device Outsourcing (Product Implementation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Medical Device Outsourcing (Product Upgrade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Medical Device Outsourcing (Product Upgrade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Medical Device Outsourcing (Product Maintenance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Medical Device Outsourcing (Product Maintenance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Medical Device Outsourcing (Cardiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Medical Device Outsourcing (Cardiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Medical Device Outsourcing (Diagnostic Imaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Medical Device Outsourcing (Diagnostic Imaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Medical Device Outsourcing (Orthopedic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Medical Device Outsourcing (Orthopedic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Medical Device Outsourcing (IVD) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Medical Device Outsourcing (IVD) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Medical Device Outsourcing (Ophthalmic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Medical Device Outsourcing (Ophthalmic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Medical Device Outsourcing (General and Plastic Surgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Medical Device Outsourcing (General and Plastic Surgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Medical Device Outsourcing (Drug Delivery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Medical Device Outsourcing (Drug Delivery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Medical Device Outsourcing (Dental) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Medical Device Outsourcing (Dental) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Medical Device Outsourcing (Endoscopy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Medical Device Outsourcing (Endoscopy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Medical Device Outsourcing (Diabetes Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Medical Device Outsourcing (Diabetes Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Medical Device Outsourcing (Class I) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Medical Device Outsourcing (Class I) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Medical Device Outsourcing (Class II) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Medical Device Outsourcing (Class II) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Medical Device Outsourcing (Class III) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Medical Device Outsourcing (Class III) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United States: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United States: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Canada: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Canada: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia-Pacific: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia-Pacific: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: China: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: China: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Japan: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Japan: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: India: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: India: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: South Korea: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: South Korea: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Australia: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Australia: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Indonesia: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Indonesia: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Europe: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Europe: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Germany: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Germany: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: France: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: France: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: United Kingdom: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: United Kingdom: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Italy: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Italy: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Spain: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Spain: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Russia: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Russia: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Latin America: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Latin America: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Brazil: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Brazil: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Mexico: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Mexico: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Medical Device Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Medical Device Outsourcing Market: Breakup by Country (in %), 2021
Figure 94: Middle East and Africa: Medical Device Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Global: Medical Device Outsourcing Industry: SWOT Analysis
Figure 96: Global: Medical Device Outsourcing Industry: Value Chain Analysis
Figure 97: Global: Medical Device Outsourcing Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Medical Device Outsourcing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Medical Device Outsourcing Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Medical Device Outsourcing Market Forecast: Breakup by Therapeutics (in Million US$), 2022-2027
Table 4: Global: Medical Device Outsourcing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Medical Device Outsourcing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Medical Device Outsourcing Market: Competitive Structure
Table 7: Global: Medical Device Outsourcing Market: Key Players


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Key Questions Answered in This Report

The global medical device outsourcing market was valued at US$ 105.6 Billion in 2021.

We expect the global medical device outsourcing market to exhibit a CAGR of 9.10% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of medical device outsourcing for package testing validation and sterilization validation of the antigen testing kits for the coronavirus infection.

The increasing demand for medical device outsourcing services over traditional approaches, as they offer enhances efficiency, improves product quality, minimized business risks, etc., is primarily driving the global medical device outsourcing market.

 

Based on the service, the global medical device outsourcing market can be categorized into regulatory consulting, product design and development, product testing and sterilization, product implementation, product upgrade, and product maintenance. Currently, product design and development exhibits clear dominance in the market.

 

Based on the therapeutics, the global medical device outsourcing market has been segmented into cardiology, diagnostic imaging, orthopedic, IVD, ophthalmic, general and plastic surgery, drug delivery, dental, endoscopy, and diabetes care. Among these, cardiology currently holds the largest market share.

Based on the application, the global medical device outsourcing market can be bifurcated into class I, class II, and class III. Currently, class II accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global medical device outsourcing market include Celestica Inc. (Onex Corporation), Charles River Laboratories International Inc., Flex Ltd., Freyr Inc., Heraeus Holding GmbH, ICON plc, Integer Holdings Corporation, IQVIA Inc., Plexus Corp., Sanmina Corporation, TE Connectivity, and West Pharmaceutical Services Inc.

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