DUBLIN, Feb. 10, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hll6hh/global_outsourced) has announced the addition of the "Global Outsourced Orthopedic Manufacturing Market 2016-2020" report to their offering.
The analysts forecast the global outsourced orthopedic manufacturing market to grow at a CAGR of 7.5% during the period 2016-2020
Global Outsourced Orthopedic Manufacturing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
An orthopedic implant is a device used in replacement procedures for the hip, spine, knee, and other extremities such as the shoulder, wrist, elbow, and ankle, or for supporting a damaged bone. Orthopedic devices are segmented into three types: implants, instruments, and cases and trays. The orthopedic devices market is highly competitive, and hence, many OEMs are focusing on R&D, distribution, marketing and sales, and post-sales services. Orthopedic contract manufacturers provide surgical instruments, implants, and supply chain capabilities to customers in the orthopedic industry.
M&A helps contract manufacturers to obtain new technologies that complement existing manufacturing solutions and also help in restructuring and diversifying services. The market is saturated with the presence of many vendors. Greatbatch Medical, Orchid Orthopedic Solutions, Paragon Medical, and Tecomet are some of the leading vendors in the market that focus on acquiring small vendors to survive the competition.
According to the report, OEMs are under increased cost burden because of high competition and high prices of raw materials. Also, insurance companies and hospitals pressurize OEMs in terms of pricing. To survive in the competitive environment, many orthopedic device manufacturers adopt outsourcing to minimize development cost and shorten their product development time by decreasing the time to market.
Further, the report states that increased adoption of in-house manufacturing by OEMs will hinder the growth of the outsourced orthopedic manufacturing market.
- Paragon Medical
Other prominent vendors
- Autocam Medical
- Bradshaw Medical
- Blades Technology
- Hammill Medical
- Forginal Industrie
- LISI MEDICAL
- LAB Medical Manufacturing
- NORMAN NOBLE
- Norwood Medical
- PM Machine
- IN'TECH MEDICAL
- Tegra Medical
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Distribution of orthopedic manufacturing
Part 06: Market landscape
Part 07: Market segmentation by product
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/hll6hh/global_outsourced
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets