Global Medical Device Outsourcing Market is Expected to Grow at 12.4% in the Forecast Period of 2021 to 2028

Medical Device Outsourcing Market is growing with factors such as the surge in prevalence of chronic diseases rise in elderly population, and launch of advanced products. The other factors which are anticipated to propel the growth of the global medical device outsourcing market are the impact of Industry 4 in the medical device outsourcing that bolsters the medical device outsourcing market growth.

However, the strict regulatory framework and the disruption in supply chain management due to the pandemic may obstruct the growth of the market in the given forecast period.

Global Medical Device Outsourcing Market Scenario             

According to Data Bridge Market Research, the market for the medical device outsourcing in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is IQVIA which accounts an estimated market share of approximately 14.99% and 13.17%. The company has gained outstanding sale through rise of outsourced medical devices.

  • In July 2020, BREATHE and IQVIA collaborated to accelerate the early diagnosis and treatment of respiratory conditions. This strategic step of working together to improve health outcomes and quality of life for people living with respiratory conditions in the U.K. would ramp up the market.

Medical Device Outsourcing Market Trends Impacting the Market

Now the question is which other regions is IQVIA, Eurofins Scientific, SGS SA are targeting? Data Bridge Market Research has estimated a large growth in North America medical device outsourcing market and the market leaders targeting the U.S. Canada, Mexico to be their next revenue pockets for 2021.

The global medical device outsourcing market is becoming more competitive with companies such as IQVIA, Eurofins Scientific, SGS SA as they are the market leaders for medical device outsourcing market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the medical device outsourcing market.

For more analysis on the medical device outsourcing market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-medical-device-outsourcing-market

Global Medical Device Outsourcing Market Development

  • In May 2018, Eurofins Scientific had increased the biopharmaceutical products testing footprint with an outsourcing agreement with Astellas in Japan. The product expansion took place due to the company forming an agreement with Astellas to outsource the internal testing laboratories named as Astellas Analytical Science Laboratories, Inc. (“ASL”). ASL has offered the test services with good manufacturing practices in Japan. The outsourcing had expanded the growing footprint in Asia Pacific, and provides a good platform to further expand in the biopharmaceutical products testing market in Asia.

Scope of the Global Medical Device Outsourcing Market.

Global medical device outsourcing market is segmented on the basis of countries, which are U.S., Canada and Mexico, Germany, U.K., France, Spain, Italy, Russia, Lithuania, Switzerland, Turkey, Belgium, and Rest of Europe, Japan, China, India, Taiwan, South Korea, Australia, Singapore, New Zealand, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

  • All country-based analysis of global Medical device outsourcing market is further analyzed based on further segmentation. On the basis of services, the global medical device outsourcing market is segmented into quality assurance, regulatory affairs services, product design and development services, product testing & sterilization services, product implementation services, product upgrade services, product maintenance services, raw material services, medical electrical equipment services, contract manufacturing and material & chemical characterization. On the basis of product, the global medical device outsourcing market is segmented into finished goods, electronics and raw materials. On the basis of device type, the global medical device outsourcing market is segmented into class I, class II and class III. On the basis of application, the global medical device outsourcing market is segmented into cardiology, diagnostic imaging, orthopaedic, IVD, ophthalmic, general & and plastic surgery, drug delivery, dental, endoscopy, diabetes care and others. Each segment is further sub-segmented into class I, class II and class III. On the basis of end user, the global medical device outsourcing market is segmented into small medical device company, medium medical device company, and large medical device company and others.
  • To know more about the study, https://www.databridgemarketresearch.com/reports/global-medical-device-outsourcing-market

Key Pointers Covered in Global Medical Device Outsourcing Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • SGS SA
  •  TOXIKON
  • Pace Analytical
  • Intertek Group plc
  • WuXi AppTech
  • NAMSA
  •  American Preclinical Services, LLC.
  • Sterigenics U.S., LLC – A Sotera Health company
  • Charles River Laboratories
  • Celestica Inc.
  • Creganna
  • FLEX LTD.
  • Heraeus Holding
  • Integer Holdings Corporation
  • Nortech Systems, Inc.
  • Plexus Corp
  •  Sanmina Corporation
  • EUROFINS SCIENTIFIC
  • TE Connectivity
  • ICON plc
  • Parexel International Corporation
  • Labcorp Drug Development
  • Tecomet, Inc.
  • IQVIA
  • Jabil Inc.
  • Syneos Health
  •  PROVIDIEN LLC
  • Cekindo Business International
  •  East/West Industries, Inc.
  •  TÜV SÜD

Above are the key players covered in the report, to know about more and exhaustive list of medical device outsourcing companies,’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-device-outsourcing-market

Research Methodology: Global Medical Device Outsourcing Market.

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Chief Level Officers, Product and Marketing Manager, Manufacturers, Distributors, Buyers.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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