Medical Device Contract Manufacturing Market 2026, Impact Of Industry 4.0 On The Medical Device Industry to Boost Growth - Technavio
NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The Medical Device Contract Manufacturing Market size is expected to grow by USD 46.18 bn during 2021-2026, at a CAGR of 11.19% during the forecast period, according to Technavio. The Impact of Industry 4.0 on the medical device industry, strategic M&A, and high investments in R&D will offer immense growth opportunities.
However, consolidation in the medical device industry, stringent regulations associated with medical device manufacturing, and unfavorable reimbursement scenarios will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy Sample Report.
Medical Device Contract Manufacturing Market Vendors Analysis
We provide a detailed analysis of around 25 vendors operating in the Medical Device Contract Manufacturing Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Medical Device Contract Manufacturing Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Benchmark Electronics Inc.
Celestica Inc.
Flex Ltd.
Gerresheimer AG
Integer Holdings Corp.
Jabil Inc.
Kimball Electronics Inc.
Nemera
Nipro Corp.
Nordson Corp.
Nortech Systems Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.
Medical Device Contract Manufacturing Market Segmentation
Device
IVD
The IVD segment's market share for medical device contract manufacturing will expand significantly. The aging of the population and the subsequent rise in the incidence of chronic and infectious diseases, the adoption of fully automated and point-of-care (POC) tools, the explosive growth of the pharmaceutical industry in developed regions, the rising awareness of disease diagnostics in developing regions, and the increase in R&D expenditures by industry participants to introduce new IVD products are the main drivers of the IVD segment.
Drug Delivery
Diagnostic Imaging
Cardiovascular
Others
Geography
North America
North America will account for 38% of the market's growth over the projection period. The main markets in North America for the contract manufacturing of medical devices are the US and Canada. The market in this region will grow more quickly than the markets in the European regions.
Over the projection period, the medical device contract manufacturing market will rise in North America because to the strict compliance requirements with governmental regulations, ongoing technical advancements, and growing focus on improving patient safety and care.
Europe
Asia
Rest Of World (ROW)
Medical Device Contract Manufacturing Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our medical device contract manufacturing market report covers the following areas:
Medical Device Contract Manufacturing Market size
Medical Device Contract Manufacturing Market trends
Medical Device Contract Manufacturing Market industry analysis
This study identifies the shift from centralized to point-of-care testing as one of the prime reasons driving the medical device contract manufacturing market growth during the next few years. Request Free Sample Report.
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Medical Device Contract Manufacturing Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 11.19%
Market growth 2022-2026
$46.18 billion
Market structure
Fragmented
YoY growth (%)
10.77
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 38%
Key consumer countries
US, Canada, Germany, China, Japan, and Republic of Korea
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Benchmark Electronics Inc., Celestica Inc., Flex Ltd., Gerresheimer AG, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., Nemera, Nipro Corp., Nordson Corp., Nortech Systems Inc., Plexus Corp., Recipharm AB, Sanmina Corp., Scientific Molding Corp. Ltd., TE Connectivity Ltd., Tecomet Inc., Teleflex Inc., Tessy Plastics Corp., and West Pharmaceutical Services Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
1 Executive Summary
1.1 Market Overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Device
Exhibit 06: Executive Summary ? Chart on Incremental Growth
Exhibit 07: Executive Summary ? Data Table on Incremental Growth
Exhibit 08: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Device
5.1 Market segments
Exhibit 24: Chart on Device - Market share 2021-2026 (%)
Exhibit 25: Data Table on Device - Market share 2021-2026 (%)
5.2 Comparison by Device
Exhibit 26: Chart on Comparison by Device
Exhibit 27: Data Table on Comparison by Device
5.3 IVD - Market size and forecast 2021-2026
Exhibit 28: Chart on IVD - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on IVD - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on IVD - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on IVD - Year-over-year growth 2021-2026 (%)
5.4 Drug delivery - Market size and forecast 2021-2026
Exhibit 32: Chart on Drug delivery - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Drug delivery - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Drug delivery - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Drug delivery - Year-over-year growth 2021-2026 (%)
5.5 Diagnostic Imaging - Market size and forecast 2021-2026
Exhibit 36: Chart on Diagnostic Imaging - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Diagnostic Imaging - Market size and forecast 2021-2026 ($ million)
Exhibit 144: TE Connectivity Ltd. - Business segments
Exhibit 145: TE Connectivity Ltd. - Key offerings
Exhibit 146: TE Connectivity Ltd. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 147: Inclusions checklist
Exhibit 148: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 149: Currency conversion rates for US$
11.4 Research methodology
Exhibit 150: Research methodology
Exhibit 151: Validation techniques employed for market sizing
Exhibit 152: Information sources
11.5 List of abbreviations
Exhibit 153: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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