Welcome : Guest

The Promising Advantages of Reduced Costs & Faster Time-to-Market Drive the Popularity of Medical Device Outsourcing Among OEMs

Published: November 2017


  • Code: MCP-6556
  • Pages: 301
  • Tables: 122
  • Companies: 59


The global market for Medical Device Outsourcing is projected to reach US$101.7 billion by 2024, driven by the growing pressure on medical device OEMs to reduce production costs and reduce time-to-market of new products. The United States represents the largest market worldwide. Rising demand for high-end, complex and reliable medical devices is fueling market growth in the country coupled with increasing healthcare spending levels, growing medical needs of the aging population and continuous increase in surgery volumes. Asia-Pacific is forecast to register the fastest CAGR of 14.6% over the analysis period. Growth in the region is primarily attributed to the growing prominence of Asian economies as lucrative destinations for outsourced activity. The presence of manufacturing facilities for high-end, reliable and complex medical devices positions Asia-Pacific as a promising destination for outsourced medical devices operations. 

    Summary of Findings

  • Cost Pressures Encourage Outsourcing Among Medical Device OEMs
  • Preference for Non-Invasive Procedures Spurs Outsourcing of Endoscopic Systems Manufacturing
  • Ballooning Global Population & a Parallel Increase in Healthcare Needs Aid Market Growth
  • Aging Population Fuels Opportunities for Contract Manufacturing of Orthopedic Implants and Instruments
  • Lack of In-House Manufacturing Capabilities Drives Contract Manufacturing Among Small & Mid-Sized Companies
  • R&D and Post Market Engineering Support Services for Medical Devices on the Rise

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Rest of World

    Market Segmentation & Classification

  • Device Category :
    • Class I, Class II, and Class III
  • Application Area:
    • Radiology, Orthopedic, Neurology, Cardiology, and Others


  • Benchmark Electronics, Inc.
  • Cadence, Inc.
  • Creganna Medical
  • Celestica, Inc.
  • CoorsTek Medical LLC
  • Flextronics International


  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable

Interested in our research, you can contact our 24/7 Research Support e-Desk at rsd@strategyr.com