DUBLIN, June 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Medical Device Manufacturing Outsourcing Market 2016-2020" report to their offering.
The global medical device manufacturing outsourcing market to grow at a CAGR of 11.39% during the period 2016-2020.
Global Medical Device Manufacturing Outsourcing 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.
The report covers the present scenario and the growth prospects of the global medical device manufacturing outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from various medical device manufacturing outsourcing activities. The global medical device manufacturing outsourcing market is segmented based on categories, services, regulatory classification, and applications.
A trend that is propelling market growth is outsourcing of manufacturing to emerging markets. Outsourcing of medical device manufacturing to emerging economies is a growing trend in the market. Leading medical device companies by doing so not only take advantage of reduced costs but also position themselves to serve better local markets of emerging countries. Low cost of labor, high level of technical expertise, and funding by country's government for R&D investment to foster new product development in emerging economies such as China, India, Malaysia, Mexico, and Brazil have made them the most-favored destination for outsourcing manufacturing services.
According to the report, a key growth driver is the entry of new medical device companies. The entry of new medical device manufacturers has increased the demand in the market, but these companies lack experience in manufacturing and may have less capabilities. Also, there is an increase in small-sized manufacturers that lack in-house production expertise. These newly entered companies seek to outsource manufacturers to get a high-quality product in a short span of time at a low cost. These new entrants drive medical device manufacturing outsourcing market.
Further, the report states that one challenge that could restrict market growth is intense competition in the market. The intense competition within this market is mainly based on the product design.
- Creganna Medical
- Nortech Systems
Other prominent vendors
- CFI Medical
- Daiichi Jitsugyo
- Ekso Bionics
- Foxconn Technology Group
- Hamilton Company
- Infinity Plastics Group
- J-Pac Medical
- New Kinpo Group
- Orient Semiconductor Electronics
- ProMed Molded Products
- Sterigenics International
- UMC Global
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product category
Part 07: Market segmentation by medical device regulatory classification
Part 08: Market segmentation by services
Part 09: Market segmentation by application
Part 10: Geographical segmentation
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Vendor landscape
Part 17: Key vendor analysis
Part 18: Appendix
For more information visit http://www.researchandmarkets.com/research/plzp7g/global_medical
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