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Medical Devices Outsourcing Market By Services Type (Quality Assurance, Regulatory Affairs Services, Product Design And Development, Product Testing And Sterilization, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing), By Application (Cardiology, Diagnostic Imaging, Orthopedic, Diagnostic Testing Systems, Ophthalmic, Drug Delivery, General & Plastic Surgery, Dental, Endoscopy, Diabetes Care) – Growth, Future Prospects, And Competitive Landscape, 2018 – 2026

Name: Medical Devices Outsourcing Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2019-04-05
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Medical Devices Outsourcing Market

Summary
Table Of Content
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Industry Outlook

The global medical devices outsourcing market was worth US$ 39.20 billion in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 10.6% from 2018 to 2026. Outsourcing of medical device manufacturing has become a pervasive aspect of the medical device industry, with every company choosing to outsource over in-house manufacturing. This has led the companies to focus on their core competencies and new product development. The trend toward outsourcing medical device R&D is also increasing. Outsourcing has become the preferred option for businesses because it lowers costs, accelerates the introduction of new products to the market, and reduces business risks. The cost reduction is a result of enhanced organizational effectiveness, greater access to advanced technology, and a shorter product development cycle. Moreover, regulatory compliance outsourcing is rapidly gaining momentum due to constant partnerships and collaborations between medical device manufacturers and providers of regulatory compliance outsourcing services. This enables manufacturing companies to obtain quick approval and launch products into the market at a lower cost. The contract manufacturers in North America, Europe, and Japan work in compliance with the international standards for quality management systems. However, service providers in Asia-Pacific are quickly raising quality standards to meet international standards.

Market Synopsis

The contract manufacturing segment accounted for the largest share by service type.

The medical devices outsourcing market is segmented into quality assurance, regulatory affairs, product design and development, product testing and sterilization, product upgrade services, product maintenance, and contract manufacturing. In 2017, contract manufacturing held the largest share of the global medical devices outsourcing market and was projected to be the dominant market during the forecast period. High demand for outsourcing the manufacturing process to curb OEM production costs and focus on core competencies is the major driver for the market.

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Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The medical devices outsourcing market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on service type, application, and geography.

The medical devices outsourcing market is studied to understand the current and future trends and dynamics. The study scope includes market size and forecasts for all considered segments studied in the report for the period from 2016 to 2026, along with a compound annual growth rate (CAGR) for the forecast period from 2018 to 2026, with 2017 being considered the base year. The key players currently engaged in the medical devices outsourcing market include Covance, Inc.; Pharmaceutical Product Development, LLC (PPD); Charles River Laboratories International, Inc.; Laboratory Corporation of America; ICON plc; inVentiv Health; Parexel International; Eurofins Scientific; Toxikon, Inc.; and Pace Analytical Services, LLC.

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Key questions are answered in this report.

How will the global medical devices outsourcing market perform during the forecast period from 2018 to 2026?
What are the latest trends in the medical device outsourcing market and valuable opportunities for key players?
Who are the leading players in the global medical device outsourcing market?
Which region leads and grows the most in the global medical device outsourcing market?
What are the drivers and restraints governing the global medical device outsourcing market?

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global MDO Market Portraiture
2.2. Global MDO Market, by Services Type, 2017 (US$ Bn)
2.3. Global MDO Market, by Application, 2017 (US$ Bn)
2.4. Global MDO Market, by Geography, 2017 (US$ Bn)

Chapter 3. Medical Devices Outsourcing (MDO): Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global MDO Market, by Key Players, 2017

Chapter 4. Global Medical Devices Outsourcing (MDO) Market, by Services Type, 2016-2026 (US$ Bn)
4.1. Overview
4.2. Quality Assurance
4.3. Regulatory Affairs Services
4.4. Product Design And Development
4.5. Product Testing And Sterilization
4.6. Product Upgrade Services
4.7. Product Maintenance Services
4.8. Contract Manufacturing

Chapter 5. Global MDO Market, by Application, 2016-2026 (US$ Bn)
5.1. Overview
5.2. Cardiology
5.3. Diagnostic Imaging
5.4. Orthopedic
5.5. Diagnostic Testing Systems
5.6. Ophthalmic
5.7. Drug Delivery
5.8. General & Plastic Surgery
5.9. Dental
5.10. Endoscopy
5.11. Diabetes Care

Chapter 6. Global Medical Devices Outsourcing (MDO) Market, by Geography, 2016 – 2026 (US$ Bn)
6.1. North America MDO Market Analysis, 2016 – 2026
6.1.1. North America MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
6.1.2. North America MDO Market, by Application, 2016 – 2026 (US$ Bn)
6.1.3. North America MDO Market, by Country, 2016 – 2026 (US$ Bn)
6.1.3.1. U.S.
6.1.3.2. Canada
6.2. Europe MDO Market Analysis, 2016 – 2026
6.2.1. Europe MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
6.2.2. Europe MDO Market, by Application, 2016 – 2026 (US$ Bn)
6.2.3. Europe MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.2.3.1. U.K.
6.2.3.2. Germany
6.2.3.3. Rest of Europe
6.3. Asia Pacific MDO Market Analysis, 2016 – 2026
6.3.1. Asia Pacific MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
6.3.2. Asia Pacific MDO Market, by Application, 2016 – 2026 (US$ Bn)
6.3.3. Asia Pacific MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.3.3.1. China
6.3.3.2. Japan
6.3.3.3. Rest of Asia Pacific
6.4. Latin America MDO Market Analysis, 2016 – 2026
6.4.1. Latin America MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
6.4.2. Latin America MDO Market, by Application, 2016 – 2026 (US$ Bn)
6.4.3. Latin America MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.4.3.1. Brazil
6.4.3.2. Mexico
6.4.3.3. Rest of Latin America
6.5. Middle East & Africa MDO Market, 2016 – 2026
6.5.1. Middle East & Africa MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
6.5.2. Middle East & Africa MDO Market, by Application, 2016 – 2026 (US$ Bn)
6.5.3. Middle East & Africa MDO Market, by Region, 2016 – 2026 (US$ Bn)
6.5.3.1. GCC
6.5.3.2. Rest of Middle East & Africa

Chapter 7. Company Profiles
7.1. Covance, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Pharmaceutical Product Development, LLC. (PPD)
7.3. ICON plc.
7.4. Charles River Laboratories International, Inc.
7.5. Laboratory Corporation of America
7.6. inVentiv Health
7.7. SGS SA
7.8. Parexel International
7.9. Toxikon, Inc.
7.10. Eurofins Scientific
7.11. Intertek Group plc
7.12. Pace Analytical Services, LLC

List of Figures

FIG 1. Medical Devices Outsourcing (MDO) Market: Research Methodology
FIG 2. MDO Controls: Market Segmentation
FIG 3. Global MDO Market, by Services Type, 2017 (US$ Bn)
FIG 4. Global MDO Market, by Application, 2017 (US$ Bn)
FIG 5. Global MDO Market, by Geography, 2017 (US$ Bn)
FIG 6. Attractive Investment Proposition, by Geography, 2017
FIG 7. Competitive Analysis: Global MDO Market, by Key Players, 2017
FIG 8. Global Quality Assurance Services in MDO Market, 2016-2026 (US$ Bn)
FIG 9. Global Regulatory Affairs Services in MDO Market, 2016-2026 (US$ Bn)
FIG 10. Global Product Design And Development Services in MDO Market, 2016-2026 (US$ Bn)
FIG 11. Global Product Testing And Sterilization Services in MDO Market, 2016-2026 (US$ Bn)
FIG 12. Global Product Upgrade Services in MDO Market, 2016-2026 (US$ Bn)
FIG 13. Global Product Maintenance Services in MDO Market, 2016-2026 (US$ Bn)
FIG 14. Global Contract Manufacturing Services in MDO Market, 2016-2026 (US$ Bn)
FIG 15. Global Cardiology Application in MDO Market, 2016-2026 (US$ Bn)
FIG 16. Global Diagnostic Imaging Application in MDO Market, 2016-2026 (US$ Bn)
FIG 17. Global Orthopedic Application in MDO Market, 2016-2026 (US$ Bn)
FIG 18. Global Diagnostic Testing Systems Application in MDO Market, 2016-2026 (US$ Bn)
FIG 19. Global Ophthalmic Application in MDO Market, 2016-2026 (US$ Bn)
FIG 20. Global Drug Delivery Application in MDO Market, 2016-2026 (US$ Bn)
FIG 21. Global General & Plastic Surgery Application in MDO Market, 2016-2026 (US$ Bn)
FIG 22. Global Dental Application in MDO Market, 2016-2026 (US$ Bn)
FIG 23. Global Endoscopy Application in MDO Market, 2016-2026 (US$ Bn)
FIG 24. Global Diabetes Care Application in MDO Market, 2016-2026 (US$ Bn)
FIG 25. U.S. MDO Market, 2016-2026 (US$ Bn)
FIG 26. Canada MDO Market, 2016-2026 (US$ Bn)
FIG 27. U.K. MDO Market, 2016-2026 (US$ Bn)
FIG 28. Germany MDO Market, 2016-2026 (US$ Bn)
FIG 29. Rest of Europe MDO Market, 2016-2026 (US$ Bn)
FIG 30. China MDO Market, 2016-2026 (US$ Bn)
FIG 31. Japan MDO Market, 2016-2026 (US$ Bn)
FIG 32. Rest of Asia Pacific MDO Market, 2016-2026 (US$ Bn)
FIG 33. Brazil MDO Market, 2016-2026 (US$ Bn)
FIG 34. Mexico MDO Market, 2016-2026 (US$ Bn)
FIG 35. Rest of Latin America MDO Market, 2016-2026 (US$ Bn)
FIG 36. GCC MDO Market, 2016-2026 (US$ Bn)
FIG 37. Rest of Middle East & Africa MDO Market, 2016-2026 (US$ Bn)

List of Tables

TABLE 1. Global Medical Devices Outsourcing (MDO) Market Portraiture
TABLE 2. Global MDO Market, by Services Type, 2016-2026 (US$ Bn)
TABLE 3. Global MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 4. Global MDO Market, by Geography, 2016 – 2026 (US$ Bn)
TABLE 5. North America MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
TABLE 6. North America MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 7. North America MDO Market, by Country, 2016 – 2026 (US$ Bn)
TABLE 8. Europe MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
TABLE 9. Europe MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 10. Europe MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 11. Asia Pacific MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
TABLE 12. Asia Pacific MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 13. Asia Pacific MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 14. Latin America MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
TABLE 15. Latin America MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 16. Latin America MDO Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 17. Middle East & Africa MDO Market, by Services Type, 2016 – 2026 (US$ Bn)
TABLE 18. Middle East & Africa MDO Market, by Application, 2016 – 2026 (US$ Bn)
TABLE 19. Middle East & Africa MDO Market, by Region, 2016 – 2026 (US$ Bn)
TABLE 20. Covance, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 21. Pharmaceutical Product Development, LLC. (PPD): Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 22. ICON plc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23. Charles River Laboratories International, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 24. Laboratory Corporation of America: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 25. inVentiv Health: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 26. SGS SA: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27. Parexel International: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28. Toxikon, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29. Eurofins Scientific: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 30. Intertek Group plc: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 31. Pace Analytical Services, LLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

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Frequently Asked Questions

What is the size of Medical Devices Outsourcing Market?

The market for Medical Devices Outsourcing Market is expected to reach At US$ 39.20 Bn in 2026.

What is the Medical Devices Outsourcing Market CAGR?

The Medical Devices Outsourcing Market is expected to see significant CAGR growth over the coming years, at 10.6%.

What is the Forecast period considered for Medical Devices Outsourcing Market?

The report is forecasted to 2018-2026

What is the base year considered for Medical Devices Outsourcing Market?

The base year of this report is 2017.

Who are the major players in this market?

Covance, Inc.,Pharmaceutical Product Development, LLC. (PPD),ICON plc.,Charles River Laboratories International, Inc. Laboratory Corporation of America are some of the major players in the global market.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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