Plexus Corp., Celestica Inc. and FLEX LTD. are Dominating in the Global Medical Device Regulatory Affairs Outsourcing Market in 2020

Global Medical Device Regulatory Affairs Outsourcing Market is expected to grow with the CAGR of 12.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Global medical device regulatory affairs outsourcing market is a highly consolidated market which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.   

The major players dealing in global medical device regulatory affairs outsourcing market are introducing strong range of medical device regulatory affairs outsourcing’ products provider along with launching new medical device regulatory affairs outsourcing’ products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in August 2019, Plexus Corp. announced that their fourth facility is to certify the manufacture class III finished medical devices. The class III medical registration represents the ability to manufacture the highest risk medical devices as these products sustain and save lives. This achievement adds value to the services including product development, supply chain and aftermarket services.

Plexus Corp. is the dominating player in global medical device regulatory affairs outsourcing market. The other key players existing in the global medical device regulatory affairs outsourcing market are Parexel International Corporation, North American Science Associates, Inc., SGS SA, Pace Analytical Services, LLC, Trilogy Writing & Consulting GmbH, Creganna (a subsidiary of TE Connectivity), American Preclinical Services, LLC, Intertek Group plc, WuXi AppTec, Charles River Laboratories, Celestica Inc., Freyr, Cactus Communications, Cekindo Business International, Eurofins Scientific, TÜV SÜD, Sterigenics U.S., LLC – A Sotera Health company, TE Connectivity, FLEX LTD., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., IQVIA, Covance, Sanmina Corporation, OMICS International, Tecomet, Inc., East West Manufacturing, Jabil Inc., Omron Corporation among others.

Medical Device Regulatory Affairs Outsourcing Market Plexus Corp.:

Plexus Corp. is headquartered in Wisconsin, U.S. and is founded in 1979. The company’s mission is to be the best by bringing the values in every customer relationship and committed towards working with the highest integrity. The company has multiple business segments such as healthcare/lifescience, industrial/commercial, aerospace/defence and communications out of which healthcare/lifescience is the market focused segment. The company has wide range of services under categories which are healthcare/life sciences, industrial and aerospace and defence in which healthcare/life sciences is the market focused category. 

For instance,

  • In September 2018, Plexus Corp. launched a new manufacturing facility in Bangkok, Thailand. This facility has provided the feature with various energy efficient and green building initiatives as well as considerations for future enhancements as operations commence. And also it has ensured that it properly positioned to support future growth projections within the Asia-Pacific region.

The company has presence across North America. The company also has various subsidiary companies such as Plexus Asia, Ltd (British Virgin Islands), Plexus Corp. (UK) Limited (Scotland), Plexus Corp. Limited (Scotland), Plexus Deutschland GmbH (Germany), Plexus (Hangzhou) Co., Ltd.(China) and many more.

Celestica Inc.:

Celestica Inc. is headquartered in Ontario, Canada and was incorporated in 1994. The company is engaged in designing, manufacturing and offering supply chain solutions that brings global expertise at every stage of product development. The company has multiple business segments such as advanced technology solutions (ATS) and connectivity & cloud solutions (CCS) out of which advanced technology solutions (ATS) is the market focused segment. The company has wide range of services which are design and engineering, hardware platform solutions, manufacturing services, logistics and fulfilment, after-market services, precision machining, supply chain services and product licensing services in which product licensing services is the market focused category. 

For instance,

  • In June 2019, Celestica Inc. announced that it has been named as one of Canada’s best corporate citizens in 2019 by Corporate Knights. This recognition done by the company has increased its sales and demand in the market.

The company has wide presence across North America, Europe and Asia. The company also has various subsidiary companies such as Celestica do Brasil Ltda. (Brazil), Celestica Electronics (China) Pte Ltd. (China), Celestica Electronics (M) Sdn. Bhd. (Malaysia), Celestica Electronics (S) Pte Ltd. (Singapore) and Celestica Italia S.r.l. (Italy) among more.

FLEX LTD.:

FLEX LTD. is headquartered in South Lane, Singapore and was founded in 1990. The company is focused on providing a safe environment, manufacturing expertise to make products which positively contribute to the world. The company has multiple business segments such as high reliability solutions, industrial & emerging industries, communications & enterprise compute and consumer technologies group out of which industrial & emerging industries is the market focused segment. The company has wide range of capabilities under categories which are manufacturing, supply chain, product lifecycle and cross-industry technology in which manufacturing is the market focused category. 

For instance,

  • In July 2019, FLEX LTD. opened up a new facility at Tamil Nadu, India with an aim to offer one stop solutions ranging from product manufacturing for different fields to logistics services so as to decrease the time to product introduction to market. This initiative expanded the company’s abilities and services and accelerated the company’s growth.

The company has presence in Asia-Pacific, Europe, Middle East and Africa and Americas. The company also has various subsidiary companies such as Measurement Specialties, Inc (U.S.), LADD Distribution, LLC (U.S.), American Sensor Technologies, Inc. (U.S.), TE Connectivity Germany GmbH (Germany), Creganna Medical, Sociedad de Responsabilidad Limitada (Czech Republic) among others.