The Medical Device Contract Manufacturing Market to grow at a CAGR of 11.19% from 2021 to 2026|Benchmark Electronics Inc., Celestica Inc., Flex Ltd., and more to emerge as key players -Technavio

NEW YORK, July 17, 2023 /PRNewswire/ -- The medical device contract manufacturing market share is expected to increase by USD 46.18 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.19%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Benchmark Electronics Inc., Celestica Inc., Flex Ltd., Gerresheimer AG, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., Nemera, Nipro Corp., Nordson Corp., Nortech Systems Inc., Plexus Corp., Recipharm AB, Sanmina Corp., Scientific Molding Corp. Ltd., TE Connectivity Ltd., Tecomet Inc., Teleflex Inc., Tessy Plastics Corp., and West Pharmaceutical Services Inc. - Download Sample Report in minutes.

Medical Device Contract Manufacturing Market Insights -

• Vendors: 15+, Including Benchmark Electronics Inc., Celestica Inc., Flex Ltd., Gerresheimer AG, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., Nemera, Nipro Corp., Nordson Corp., Nortech Systems Inc., Plexus Corp., Recipharm AB, Sanmina Corp., Scientific Molding Corp. Ltd., TE Connectivity Ltd., Tecomet Inc., Teleflex Inc., Tessy Plastics Corp., and West Pharmaceutical Services Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Device (IVD, drug delivery, diagnostic imaging, cardiovascular, and others) and Geography (North America, Europe, Asia, and Rest of World (ROW))

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Key Drivers - The impact of Industry 4.0 on the medical device industry is one of the key factors driving market growth. The increasing development and production of complex medical devices, which include pacemakers and implantable medical devices, are driving the innovations in Class III medical devices. Furthermore, many medical device manufacturing companies are facing challenges in producing Class III devices in high volumes because of the complex assembly and testing processes involved. Automated manufacturing and fabrication have become popular because of the complexity of manufacturing these devices. As a result, to overcome these challenges, medical device contract manufacturers are using industry 4.0 technologies which include cloud computing, machine-to-machine (M2M) communication, and network-physical systems. Hence, these advanced technologies are expected to drive market growth during the forecast period.

Major Trends- The shift from centralized to point-of-care testing is a major trend in the market. A centralized laboratory is where automated analytical test methods are used to detect target components. However, the various advantages point-of-care testing and diagnostic devices offer in comparison with conventional diagnostic procedures are affordability and ease of use and provide the rapid results needed for making quick decisions about medical diagnosis and treatment of diseases and conditions. The increased adoption of POCT devices is highly affected by the need to make healthcare more patient-centric. This includes organizing healthcare services around the patient rather than the provider. Furthermore, the growth of self-monitoring of blood glucose has been driven by the need for more convenient and effective healthcare services. Thus, these factors are expected to drive market growth during the forecast period.

Significant Challenges- Consolidation in the medical device industry is a significant challenge restricting market growth. Many major medical device manufacturers are highly investing in acquiring small and medium-sized specialist companies to improve their capabilities and increase their product portfolios. As a result, it will limit outsourcing to contract manufacturing organizations (CMOs) as these major players undertake the in-house manufacturing of medical devices.

For Instance, Linden Capital Partners (Linden) acquired Avalign Technologies, Inc, which is a contract manufacturer of precision implants, instruments, cutting tools, specialty instruments, and cases/trays. This acquisition helped the company to grow and significantly expand its capabilities in terms of its product portfolio. Similarly, many other medical device companies have also acquired CMOs to reduce the costs involved in contract manufacturing. Hence, these negative factors are expected to restrict market growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The medical device contract manufacturing market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Medical Device Contract Manufacturing Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the medical device contract manufacturing market between 2022 and 2026
• Precise estimation of the size of the medical device contract manufacturing market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the medical device contract manufacturing market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of medical device contract manufacturing market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Device
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Device

• 5.1 Market segments
• Exhibit 24: Chart on Device - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Device - Market share 2021-2026 (%)

• 5.2 Comparison by Device
• Exhibit 26: Chart on Comparison by Device
• Exhibit 27: Data Table on Comparison by Device

• 5.3 IVD - Market size and forecast 2021-2026 
• Exhibit 28: Chart on IVD - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on IVD - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on IVD - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on IVD - Year-over-year growth 2021-2026 (%)

• 5.4 Drug delivery - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Drug delivery - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Drug delivery - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Drug delivery - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Drug delivery - Year-over-year growth 2021-2026 (%)

• 5.5 Diagnostic Imaging - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Diagnostic Imaging - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Diagnostic Imaging - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Diagnostic Imaging - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Diagnostic Imaging - Year-over-year growth 2021-2026 (%)

• 5.6 Cardiovascular - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Cardiovascular - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Cardiovascular - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Cardiovascular - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Cardiovascular - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Device 
• Exhibit 48: Market opportunity by Device ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 Canada - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026 
• Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 Republic of Korea - Market size and forecast 2021-2026 
• Exhibit 90: Chart on Republic of Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on Republic of Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on Republic of Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Republic of Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Benchmark Electronics Inc. 
• Exhibit 101: Benchmark Electronics Inc. - Overview
• Exhibit 102: Benchmark Electronics Inc. - Business segments
• Exhibit 103: Benchmark Electronics Inc. - Key news
• Exhibit 104: Benchmark Electronics Inc. - Key offerings
• Exhibit 105: Benchmark Electronics Inc. - Segment focus

• 10.4 Celestica Inc.
• Exhibit 106: Celestica Inc. - Overview
• Exhibit 107: Celestica Inc. - Business segments
• Exhibit 108: Celestica Inc. - Key news
• Exhibit 109: Celestica Inc. - Key offerings
• Exhibit 110: Celestica Inc. - Segment focus

• 10.5 Flex Ltd.
• Exhibit 111: Flex Ltd. - Overview
• Exhibit 112: Flex Ltd. - Business segments
• Exhibit 113: Flex Ltd. - Key news
• Exhibit 114: Flex Ltd. - Key offerings
• Exhibit 115: Flex Ltd. - Segment focus

• 10.6 Gerresheimer AG
• Exhibit 116: Gerresheimer AG - Overview
• Exhibit 117: Gerresheimer AG - Business segments
• Exhibit 118: Gerresheimer AG - Key news
• Exhibit 119: Gerresheimer AG - Key offerings
• Exhibit 120: Gerresheimer AG - Segment focus

• 10.7 Integer Holdings Corp. 
• Exhibit 121: Integer Holdings Corp. - Overview
• Exhibit 122: Integer Holdings Corp. - Business segments
• Exhibit 123: Integer Holdings Corp. - Key news
• Exhibit 124: Integer Holdings Corp. - Key offerings
• Exhibit 125: Integer Holdings Corp. - Segment focus

• 10.8 Jabil Inc.
• Exhibit 126: Jabil Inc. - Overview
• Exhibit 127: Jabil Inc. - Business segments
• Exhibit 128: Jabil Inc. - Key offerings
• Exhibit 129: Jabil Inc. - Segment focus

• 10.9 Nipro Corp.
• Exhibit 130: Nipro Corp. - Overview
• Exhibit 131: Nipro Corp. - Business segments
• Exhibit 132: Nipro Corp. - Key offerings
• Exhibit 133: Nipro Corp. - Segment focus

• 10.10 Plexus Corp.
• Exhibit 134: Plexus Corp. - Overview
• Exhibit 135: Plexus Corp. - Business segments
• Exhibit 136: Plexus Corp. - Key news
• Exhibit 137: Plexus Corp. - Key offerings
• Exhibit 138: Plexus Corp. - Segment focus

• 10.11 Sanmina Corp.
• Exhibit 139: Sanmina Corp. - Overview
• Exhibit 140: Sanmina Corp. - Business segments
• Exhibit 141: Sanmina Corp. - Key offerings
• Exhibit 142: Sanmina Corp. - Segment focus

• 10.12 TE Connectivity Ltd.
• Exhibit 143: TE Connectivity Ltd. - Overview
• Exhibit 144: TE Connectivity Ltd. - Business segments
• Exhibit 145: TE Connectivity Ltd. - Key offerings
• Exhibit 146: TE Connectivity Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 147: Inclusions checklist
• Exhibit 148: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 149: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 150: Research methodology
• Exhibit 151: Validation techniques employed for market sizing
• Exhibit 152: Information sources

• 11.5 List of abbreviations
• Exhibit 153: List of abbreviations

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