New Report on World Market Medical Device Contract Manufacturing by Visiongain03 Jan 2012 • by Natalie Aster
The medical device industry has witnessed explosive growth in recent years. According to visiongain estimates, the global market was worth $236.1bn in 2010. Much of this growth is linked to the rising prevalence of diseases worldwide, most notably cardiac and neurological disorders. As most of the prominent companies in the industry operate globally, the growth of the industry is highly dependent on the economic conditions prevailing in the international market. As a result, the industry was not immune to the recent global recession and faced numerous issues including price/volume concerns, healthcare reforms and a more restrictive regulatory environment. Responding to pricing pressure remains a key concern for companies in the medical device industry. The governmental effort to contain healthcare costs and the continuing pressure from hospitals and health systems to renegotiate on pricing due to potential medical reimbursement cuts, have increased pressure on medical device manufactures to rework their pricing strategies. One such strategy employed by medical devices companies to cut costs includes outsourcing.
The latest pharma report “Medical Device Contract Manufacturing: World Market Outlook 2011-2021” by Visiongain examines the global medical device and contract manufacturing markets over the next decade, providing detailed market forecasts for three main segments of the contract manufacturing market - material processing, electronics, and finished products. The report analyses recent trends in this market and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report offers in-depth analysis of the opportunities and challenges facing companies in the market throughout the world. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the industry, while the analysis is underpinned by original interviews with experts within the medical device contract manufacturing market.
Medical Device Contract Manufacturing: World Market Outlook 2011-2021
Published: November 2011
Price: US$ 2.664,00
The medical device industry has been using outsourcing for almost a decade and this has allowed original equipment manufacturers (OEMs) to cut product development costs by up to 30%. These outsourcing companies are becoming more and more sophisticated and diverse as they continue to grow their core areas of expertise. As a result, medical device outsourcing companies can offer services ranging from product development, design, manufacturing, engineering, and pre-clinical testing to supply chain management (sterilisation, packaging and warehousing).
More information can be found in the report “Medical Device Contract Manufacturing: World Market Outlook 2011-2021” by Visiongain.