The global medical device outsourcing market size was valued at USD 33 billion in 2016 and is expected to grow with CAGR of +11% over the forecast period. Rising competition among manufacturers leading to development of products at lower cost is one of the key factors attributing towards growth over the forecast period.

Pune, India -- (SBWire) -- 05/23/2018 --The global medical device outsourcing market size was valued at USD 33 billion in 2016 and is expected to grow with CAGR of +11% over the forecast period. Rising competition among manufacturers leading to development of products at lower cost is one of the key factors attributing towards growth over the forecast period.

Increased focused on research and development is one of the key growth models that companies receiving outsourced services in the global medical devices outsourcing market are employing for business growth. For instance, the research and development of Creganna-Tactx is focused on developing products with newer component and to develop technologies for minimally and less invasive medical delivery systems.

Outsourcing of medical devices gains wide acceptance among original equipment manufacturers these days. Increase in pressure on the manufacturers to reduce the overhead expenses and operational costs while maintaining quality of healthcare services drives the market growth. In addition, benefits such as reduction of production time, which ensures early entry of product into the market coupled with the need to meet the regulatory standards, boost the market growth. However, this poses threat to the security of the confidential information of the company, which impedes the market growth.

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Top Key Vendors:
Celestica, Inc., Creganna, Flextronics International Ltd., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., Plexus Corp., Sanmina Corporation, Tecomet, Inc., and West Pharmaceutical Services, Inc.

Medical device outsourcing involves taking the assistance of third-party companies to manufacture medical devices. Increase in geriatric population and rise in number of patients suffering from chronic disorders, such as spine disorders, diabetes, and cardiovascular diseases, are expected to drive the market growth. Moreover, outsourcing also allows the companies to focus on their core activities, which in turn boosts the market growth. However, threat of loss of confidential information is expected to impede the market growth.

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Table Of Content:

Chapter 1 Medical Device Service Outsourcing Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

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