North America Medical Device Outsourcing Market, By Services (Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing and Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Raw Material Services, Medical Electrical Equipment Services, Contract Manufacturing, Materials and Chemical Characterization), Product (Finished Goods, Electronics, Raw Materials), Device Type (Class I, Class II, Class III), Application (Cardiology, Diagnostic Imaging, Orthopaedic, IVD, Ophthalmic, General and Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care and Others), End User (Small Medical Device Company, Medium Medical Device Company, Large Medical Device Company and Others) – Industry Trends and Forecast to 2030.
North America Medical Device Outsourcing Market Analysis and Size
The mounting need for quality healthcare services is driven by the North America medical devices outsourcing market. Medical device contract manufacturing is the outsourced assembly of a medical device for the medical marketplace. In order to accomplish recurring manufacturing, contract manufacturing partners can be utilized by medical device companies and benefit from costing efficiencies, streamlined supply chain, logistical alignment and many more all of which to ensure that all industry requirement are met while allowing them to deliver commercial products to market.
As product lifecycles are short, medical device manufacturers are dependent profoundly on innovation and advanced technologies to grow in the super trending market. Some of the innovations in the North America medical devices outsourcing market include medical device outsourced RandD, wearable medical devices, patient-centric approach, robotic check-ups and robotic surgery which often leads to enhanced effectiveness, yield improvement, improved quality and reduced WIP (work in progress) along with reduces reduced business risks and hasten product market entry. North America medical devices outsourcing market augmented in a rapid rate which resulted to improve organizational effectiveness, shorter product development cycles and greater access to high technology.
Data Bridge Market Research analyses that the North America medical devices outsourcing market which was USD 55,584.71 million in 2022, is expected to reach USD 144,767.12 million by 2030, and is expected to undergo a CAGR of 12.8% during the forecast period 2023-2030. This indicates that the market value. “Regulatory affairs services” in services of the North America medical device outsourcing market owing to rise in the aging population. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America Medical Device Outsourcing Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Services (Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing and Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Raw Material Services, Medical Electrical Equipment Services, Contract Manufacturing, Materials and Chemical Characterization), Product (Finished Goods, Electronics, Raw Materials), Device Type (Class I, Class II, Class III), Application (Cardiology, Diagnostic Imaging, Orthopaedic, IVD, Ophthalmic, General and Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care and Others), End User (Small Medical Device Company, Medium Medical Device Company, Large Medical Device Company and Others)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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TOXIKON (U.S.), Pace Analytical (U.S.), North American Science Associates, Inc. (U.S.), American Preclinical Services, LLC. (U.S.), Sterigenics U.S., LLC – A Sotera Health company (U.S.), Charles River Laboratories (U.S.), Integer Holdings Corporation (U.S.), Nortech Systems, Inc. (U.S.), Plexus Corp. (U.S.), Sanmina Corporation (U.S.), Parexel International Corporation (U.S.), Labcorp Drug Development (U.S.), Tecomet, Inc. (U.S.), IQVIA (U.S.), Jabil Inc. (U.S.), Syneos Health (U.S.), PROVIDIEN LLC. (U.S.), East/West Industries, Inc. (U.S.)
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Market Opportunities
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Market Definition
The mounting need for quality healthcare services is driven by the North America medical device outsourcing market. Medical device contract manufacturing is the outsourced assembly of a medical device for the medical marketplace. In order to accomplish recurring manufacturing, contract manufacturing partners can be utilized by medical device companies and benefit from costing efficiencies, streamlined supply chain, logistical alignment and many more all of which to ensure that all industry requirement are met while allowing them to deliver commercial products to market.
North America Medical Device Outsourcing Market Dynamics
Drivers
- Access to Specialized Expertise
Medical device outsourcing firms often have specialized knowledge and expertise in areas like materials selection, precision machining, and quality control, which can be challenging for companies to develop in-house.
- Cost Efficiency
Medical device companies are constantly under pressure to reduce costs while maintaining product quality and innovation. Outsourcing various aspects of the medical device manufacturing process, such as design, prototyping, and production, can result in cost savings due to lower labor and operational costs in certain regions.
Opportunity
- Focus on Core Competencies
Outsourcing allows medical device manufacturers to focus on their core competencies, such as research and development or marketing, while leaving manufacturing and production tasks to specialized partners
Restraint/Challenge
- Intellectual Property Concerns
Sharing proprietary information with outsourcing partners can pose intellectual property risks, including the potential for data breaches or unauthorized use of technology.
This North America medical device outsourcing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America medical device outsourcing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In July 2021, 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.
North America Medical Device Outsourcing Market Scope
North America medical device outsourcing market is categorized into five notable segments which are based on the type, product, device type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Quality Assurance
- Regulatory Affairs Services
- Product Design and Development Services
- Product Testing and Sterilization Services
- Product Implementation Services
- Product Upgrade Services
- Product Maintenance Services
- Raw Material Services
- Medical Electrical Equipment Services
- Contract Manufacturing
- Material and Chemical Characterization
Product
- Finished Goods
- Electronics
- Raw Materials
Device Type
- Class I
- Class II
- Class III
Application
- Cardiology
- Diagnostic Imaging
- Orthopedic
- IVD
- Ophthalmic
- General and Plastic Surgery
- Drug delivery
- Dental, endoscopy
- Diabetes care
- Others
End User
- Small Medical Device Company
- Medium Medical Device Company
- Large Medical Device Company
- Others
North America Medical Device Outsourcing Market Regional Analysis/Insights
The North America medical device outsourcing market is segmented on the basis of type, product, device type, application and end user as referenced above.
The countries covered in the North America medical device outsourcing market are U.S., Canada, and Mexico.
The U.S. is dominating the medical device outsourcing in the North America region due to presence of FDA approved medical outsourcing services, rise in chronic wounds, and rise in elderly population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The North America medical device outsourcing market also provides you with detailed market analysis for every country growth in particular industry with wound debridement device sales, impact of advancement in the medical device outsourcing and changes in regulatory scenarios with their support for the North America medical device outsourcing market. The data is available for historic period 2015 to 2020.
Competitive Landscape and North America Medical Device Outsourcing Market Share Analysis
The North America medical device outsourcing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the North America medical device outsourcing market.
The major companies dealing in the North America medical device outsourcing market are:
- TOXIKON (U.S.)
- Pace Analytical (U.S.)
- North American Science Associates, Inc. (U.S.)
- American Preclinical Services, LLC. (U.S.)
- Sterigenics U.S., LLC – A Sotera Health company (U.S.)
- Charles River Laboratories (U.S.)
- Celestica Inc. (Canada)
- Integer Holdings Corporation (U.S.)
- Nortech Systems, Inc. (U.S.)
- Plexus Corp. (U.S.)
- Sanmina Corporation (U.S.)
- Parexel International Corporation (U.S.)
- Labcorp Drug Development (U.S.)
- Tecomet, Inc. (U.S.)
- IQVIA (U.S.)
- Jabil Inc. (U.S.)
- Syneos Health (U.S.)
- PROVIDIEN LLC. (U.S.)
- East/West Industries, Inc. (U.S.)
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