Medical Device Contract Manufacturing: World Market Outlook 2013-2023

Date: January 23, 2013
Pages: 125
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Publisher: Visiongain
Report type: Strategic Report
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ID: M859CBAFEA3EN
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Medical Device Contract Manufacturing: World Market Outlook 2013-2023
Report Details

The medical device contract manufacturing market will witness significant growth during 2013-2023, driven by an expanding medical devices market. According to visiongain estimates, the global medical devices market was worth $266.0bn in 2011. In the past, the medical device industry maintained a low level of outsourcing due to concerns over quality, delays and regulatory compliance. In recent years however, outsourcing has become more attractive, driven by the Original Equipment Manufacturers (OEMs) need to reduce costs and to accelerate the time to market. Contract manufacturers themselves have started to diversify their capabilities over the years and are able to offer a range of services, including design, engineering, packaging and distribution. The medical device contract manufacturing market was worth $33.6bn in 2011. It is estimated that outsourcing has allowed OEMs to reduce costs by 10-30%. More outsourcing companies are adopting the one stop-shop model to provide the entire range of outsourcing activities to OEMs. Overall, outsourcing allows OEMs to focus on their core competencies while delegating other non core activities to contract manufacturers.

In 2011, the US was the largest national market for contract manufacturing, accounting for 47.3% of the global market. However, Asian countries, particularly China and India are proving to be attractive low cost destinations for OEMs, witnessing a stronger growth rate compared to other developed countries. Additionally, with increasing cost pressures on OEMs which may intensify with the impending medical device excise tax, the offshoring of manufacturing to the CMOs based in low-cost destinations will become a strategic necessity. At present, the contract manufacturing market is highly fragmented with thousands of companies competing for a small share of the market. However, this may change significantly in the future with major consolidations within the industry.

Visiongain's updated report on Medical Device Contract Manufacturing 2013-2023 examines the medical devices and contract manufacturing market with respect to market size and sales forecasts from 2013-2023. It also discusses the detailed market forecasts for three main segments of contract manufacturing including material processing, electronics and finished products. The report discusses the estimates and projections for major geographical markets including the US, Germany, France, Italy, UK, Spain, Japan, China and India from 2013-2023. 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 interview with an expert within the medical device contract manufacturing market.

What makes this report unique?

Visiongain consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, our reports have a unique blend of primary and secondary sources providing informed opinion. The report provides insight into key drivers and restraints facing the industry, as well as identifying leading companies. The report also provides a unique blend of qualitative analysis combined with extensive quantitative data including global, submarket and national markets forecasts from 2012-2023 - all highlighting key business opportunities.

Why you should buy Medical Device Contract Manufacturing: World Market Outlook 2013-2023
  • 123 pages of comprehensive analysis
  • 1 Exclusive Visiongain interview with experts from:
    • Creganna-Tactx Medical
  • 72 tables, charts, and graphs
  • Medical device contract manufacturing market forecast between 2012-2023
  • 3 medical device contract manufacturing submarket forecasts from 2012-2023
    • Material Processing
    • Electronic Manufacturing Services
    • Finished Products
  • A SWOT analysis
  • Several leading companies identified and 6 profiled:
    • Accellent, Flextronics, Symmetry Medical, The Tech Group, Greatbach, Nortech Systems
You can order this report today

Gain an understanding of the overall medical device contract manufacturing market and the leading companies operating in this market by ordering Medical Device Contract Manufacturing: World Market Outlook 2013-2023.
1. EXECUTIVE SUMMARY

1.1 Sector Highlights
1.2 Aim, Scope and Format of this Report
1.3 Chapter Outline
1.4 Research and Analysis Method
1.5 Glossary of Terms Relating to the Report

2. INTRODUCTION

2. Introduction to Medical Device Contract Manufacturing
2.1 Medical Devices
2.2 Classification of Medical Devices
  2.2.1 The US Classification System
  2.2.2 The European Classification System
2.3 Regulation of Medical Devices
  2.3.1 The US Approval and Regulation System
  2.3.2 The European Approval and Regulatory System
2.4 The Medical Device Industry
2.5 Medical Device Outsourcing
2.6 Benefits of Outsourcing
  2.6.1 Reasons for Outsourcing Manufacturing
    2.6.1.1 Focusing on Core Competencies
    2.6.1.2 Shorter Time to Market
    2.6.1.3 Tactical & Strategic
    2.6.1.4 Lower Fixed Operating Costs
  2.6.2 Reasons for Keeping Projects In-House
2.7 Service Agreement
  2.7.1 Identifying CMOs
  2.7.2 Contractual Agreement
  2.7.3 Review of the Quality Manual
  2.7.4 Audit and Site Visits
2.8 Final Discussions
  2.8.1 Product Requirement Specifications
  2.8.2 Term Sheets and Supply Agreements
  2.8.3 Project Management
2.9 Medical Device Quality Management Systems
2.10 Medical Device Outsourcing Segments
  2.10.1 Design Engineering
  2.10.2 Device Manufacturing
    2.10.2.1 Material Processing
    2.10.2.2 Electronic Manufacturing Services
    2.10.2.3 Finished Products
  2.10.3 Final Goods Assembly

3. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET, 2011-2023

3.1 The Global Medical Device Market, 2011
3.2 Medical Device Outsourcing
  3.2.1 Medical Device Outsourcing Segments
  3.2.2 Trends in the Medical Device Outsourcing Market, 2011
3.3 Medical Device Contract Manufacturing Market, 2011
  3.3.1 Medical Device Contract Manufacturing Market Segments, 2011
  3.3.2 Medical Device Contract Manufacturing Market Forecast 2012-2023
  3.3.3 Medical Device Contract Manufacturing Trends, 2012-2023
3.4 Growing Demand for Medical Devices will Drive the Contract Manufacturing Market

4. MEDICAL DEVICE CONTRACT MANUFACTURING SEGMENTS, 2011-2023

4.1 Material Processing Market Overview
  4.1.1 Materials Processing Market Forecast 2012-2023
    4.1.1.1 Medical Molding
    4.1.1.2 Medical Extrusion
4.2 Electronic Manufacturing Services (EMS) Overview
  4.2.1 EMS Market, 2011
  4.2.2 Medical EMS Market by Segments, 2011
  4.2.3 Leading Companies in EMS Market, 2011
  4.2.4 Electronics Outsourcing Market Forecast 2012-2023
4.3 Finished Products Overview
  4.3.1 Finished Products Outsourcing Market Forecast 2012-2023

5. LEADING CONTRACT MANUFACTURING ORGANISATIONS, 2011

5.1 A Highly Fragmented Market
5.2 Accellent Inc.
  5.2.1 Revenues and Recent Performance Analysis, 2011
  5.2.2 Business Capabilities
  5.2.3 Asia Expansion
  5.2.4 Regional Breakdown
5.3 Flextronics
  5.3.1 Revenue and Recent Performance Analysis, 2011
  5.3.2 Business Capabilities
  5.3.3 Net Sales by Country, 2011
  5.3.4 Medical Certification Award Enhances Company Portfolio
  5.3.5 Acquisition of Stellar Microelectronics
5.4 Symmetry Medical
  5.4.1 Revenue and Recent Performance Analysis, 2011
  5.4.2 Total Solutions Approach
  5.4.3 Acquisition of Olsen Medical
5.5 The Tech Group (Part of the West Pharmaceutical Services Company)
  5.5.1 Revenues and Recent Performance Analysis, 2011
  5.5.2 Focusing on Research & Development
  5.5.3 Expansion into Asian Markets
5.6 Greatbatch Inc.
  5.6.1 Revenue and Recent Performance Analysis, 2011
  5.6.2 Capital Investment will Prompt Future Growth
  5.6.3 Acquisitions, 2011
5.7 Nortech Systems Inc.
  5.7.1 Revenue and Recent Performance Analysis, 2011
  5.7.2 Nortech Life Sciences
  5.7.3 Recent Acquisitions
5.8 Other Companies and Services

6. LEADING CONTRACT MANUFACTURING MARKETS, 2011-2023

6.1 Breakdown of the World Medical Device Contract Manufacturing Market, 2011
6.2 Global Medical Device Contract Manufacturing Market: Regional Forecast 2012-2023
6.3 The US Market
6.4 The European Market
  6.4.1 Germany and France
  6.4.2 Italy
  6.4.3 Spain
  6.4.4 The UK
6.5 The Japanese Market
6.6 Outsourcing to Emerging Markets
  6.6.1 The Chinese Market
  6.6.2 The Indian Market
6.7 Rest of the World

7. SWOT ANALYSIS OF THE MEDICAL DEVICE CONTRACT MANUFACTURING MARKET, 2012-2023

7.1 Contract Manufacturing Industry Trends
7.2 Strengths
  7.2.1 Outsourcing on the Rise
  7.2.2 Focus on Core Competencies
  7.2.3 Access to Specialized Technologies
7.3 Weaknesses
  7.3.1 Considerable Risk
  7.3.2 Lack of Communication
  7.3.3 Highly Fragmented Market
7.4 Opportunities
  7.4.1 Globalization
    7.4.1.1 Growth in Asia
  7.4.2 Medical Device Excise Tax
7.5 Threats
  7.5.1 Low Growth for Niche Players as OEMs Prefer One Stop Shop

8. EXPERT OPINION

8.1 Interview with Marketing Manager, Creganna-Tactx Medical
  8.1.1 The Medical Device Contract Manufacturing Industry
  8.1.2 Industry Mergers & Acquisitions
  8.1.3 Industry Threats
  8.1.4 The Future Medical Device Contract Manufacturing Industry

9. CONCLUSIONS

9.1 Overview
9.2 Electronic Manufacturing Services will Witness Strong Growth
9.3 Prominent Companies in the Market
9.4 Outsourcing and Offshoring will become a Strategic Necessity
9.5 Future Outlook and Concluding Remarks

LIST OF TABLES

Table 2.1 US and EU Classification of Medical Devices, 2011
Table 2.2 Tactical and Strategic Reasons for Outsourcing Manufacturing, 2011
Table 3.1 The Medical Device Market: Revenue ($bn) and Market Shares (%) by Sector, 2011
Table 3.2 Sectors of Medical Device Outsourcing Market: Revenue ($bn) and Market Shares (%), 2011
Table 3.3 Medical Device Market: Gross Margin and COGS, 2011
Table 3.4 Spending on In-house and Outsourced Device Manufacturing, 2011
Table 3.5 Sectors of Medical Device Contract Manufacturing Market: Revenue ($bn) and Market Shares (%)
Table 3.6 Medical Device Contract Manufacturing Market Forecast ($bn, %) 2011-2023
Table 3.7 Global Medical Devices Market Forecast ($bn, %), 2011-2023
Table 4.1 Material Processing Market Forecast ($bn, %), 2011-2023
Table 4.2 Some Companies Offering Moulding Services to Medical Devices OEMs, 2012
Table 4.3 Industries Served by EMS Providers: Revenue ($bn) and Market Shares (%), 2011
Table 4.4 Medical EMS Market: Revenue ($bn) and Market Shares (%) by Segments, 2011
Table 4.5 Leading Companies Offering EMS Services to Medical Device OEMs, 2012
Table 4.6 EMS Market Forecast ($bn, %), 2011-2023
Table 4.7 Finished Products Outsourcing Market Forecast ($bn, %), 2011-2023
Table 5.1 Accellent Financial Results: Revenue ($m), 2007- 2011
Table 5.2 Accellent Financial Results ($m), 2011
Table 5.3 Flextronics Market Segments: Revenue ($bn), FY 2012
Table 5.4 Flextronics Net Sales by Country: Revenue ($bn), FY 2012
Table 5.5 Symmetry Medical: Revenue ($m) and Market Shares (%) by Business Segments, 2011
Table 5.6 The Tech Group: Revenue ($m) by Fiscal Year, 2010& 2011
Table 5.7 Greatbatch: Revenue ($m) by Business Segments, 2011
Table 5.8 Greatbatch: Total Revenue ($m), 2007-2011
Table 5.9 Nortech Systems: Revenue ($m), 2010 & 2011
Table 5.10 Nortech Systems: Revenue ($m) and Market Share (%) by Business Sectors, 2011
Table 5.11 Other Companies in Medical Device Contract Manufacturing, 2012
Table 6.1 Medical Device Contract Manufacturing Market: Revenue ($bn) and Market Share (%) by Region, 2011
Table 6.2 Medical Device Contract Manufacturing Market Forecast (%, $bn) of leading Regions/Countries, 2011-2017
Table 6.3 Medical Device Contract Manufacturing Market Forecast (%, $bn) of leading Regions/Countries, 2017-2023
Table 6.4 The European Medical Device Contract Manufacturing Market: Revenue ($bn) and Market Shares (%), 2011
Table 6.5 The European Medical Device Contract Manufacturing Market Forecasts ($bn, %) by Leading Countries, 2011-2017
Table 6.6 The European Medical Device Contract Manufacturing Market Forecasts ($bn, %) by Leading Countries, 2017-2023
Table 7.1 SWOT Analysis of the Medical Device Contract Manufacturing Market, 2013-2023
Table 9.1 Medical Device Contract Manufacturing Market ($bn), 2011, 2017, 2019 and 2023

LIST OF FIGURES

Figure 2.1 Services Offered by Medical Device Outsourcing Companies, 2011
Figure 3.1 Medical Device Market: Global Revenue ($bn) by Sector, 2011
Figure 3.2 Medical Device Market: Market Share (%) by Sector, 2011
Figure 3.3 Sectors of Medical Device Outsourcing Market: Market Shares (%), 2011
Figure 3.4 Market Share (%) of Spending on In-house and Outsourced Device Manufacturing, 2011
Figure 3.5 Sectors of Medical Device Contract Manufacturing Market: Revenue ($bn) by Segment, 2011
Figure 3.6 Sectors of Medical Device Contract Manufacturing Market: Market Shares (%) by Segments, 2011
Figure 3.7 Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 3.8 Global Medical Devices Market Forecast: Revenue ($bn), 2011-2023
Figure 4.1 Material Processing Market Forecast: Revenue ($bn), 2011-2023
Figure 4.2 Industries Served by EMS Providers: Market Share (%), 2011
Figure 4.3 Medical EMS Market: Revenue ($bn) by Segments, 2011
Figure 4.4 Medical EMS Market: Market Shares (%) by Segments, 2011
Figure 4.5 EMS Market Forecast: Revenue ($bn), 2011-2023
Figure 4.6 Finished Products Outsourcing Market Forecast: Revenue ($bn), 2011-2023
Figure 5.1 Accellent Financial Results: Revenue ($m), 2007- 2011
Figure 5.2 Flextronics Market Segments: Revenue ($bn), FY 2012
Figure 5.3 Flextronics Market Segments: Revenue ($bn), FY 2012
Figure 5.4 Symmetry Medical: Market Shares (%) by Business Segments, 2011
Figure 5.5 The Tech Group: Revenue ($m) by Fiscal Year, 2010 & 2011
Figure 5.6 Greatbatch: Market Shares (%) by Business Segments, 2011
Figure 5.7 Greatbatch: Total Revenue ($m), 2007-2011
Figure 5.8 Nortech Systems: Total Revenue ($m), 2010 & 2011
Figure 5.9 Nortech Systems: Market Shares (%) by Business Sectors, 2011
Figure 6.1 Medical Device Contract Manufacturing Market: Revenue ($bn) of Leading Regions/Countries, 2011
Figure 6.2 Medical Device Contract Manufacturing Market: Market Shares (%) of Leading Regions/Countries, 2011
Figure 6.3 The US Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.4 The European Medical Device Contract Manufacturing Market: Market Shares (%), 2011
Figure 6.5 The European Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.6 German and French Medical Device Contract Manufacturing Market Forecasts: Revenue ($bn), 2011-2023
Figure 6.7 Italian Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.8 Spanish Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.9 The UK Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.10 Japanese Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.11 Chinese Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 6.12 Indian Medical Device Contract Manufacturing Market Forecast: Revenue ($bn), 2011-2023
Figure 9.1 Medical Device Contract Manufacturing Market ($bn), 2011, 2017, 2019 and 2023

COMPANIES LISTED

Abbott Laboratories
Accellent
AccuPlace
Advanced Moulding Technologies
Advanced Scientifics
AdvantaPure
Asteelflash
ATEK Medical
B Braun
BC Tech
Benchmark Electronics
Beyonics Technology
Biomet
Boston Biomedical Associates
Celestica
Centre for Devices and Radiological Health (CDRH)
Cirtech Medical Systems
C&J Industries
Coeur
Cogmedix
Creganna-Tactx Medical
Da/Pro Rubber
Depuy Orthopaedics
Drager Medical
DTR Medical
DTS Mechelec
Electrolyzing Corporation of Ohio
Europlaz
Filterek Inc
Flextronics
Food and Drug Administration (FDA)
Forefront Medical Technology
Foxconn
Fresenius
Greatbatch Medical
GW Plastics
Helix Medical
Heraeus Medical
Hitachi Medico
Integrated Biosciences
International Organization for Standardization (ISO)
Jabil
Johnson & Johnson
J-Pac
Kimball Electronics Group
Kitron
Medefab
Medisize
Medtronic
MeKo
Moog
National Health Service (NHS)
Nortech Systems
Olympus Medical Systems
PCI Limited
Plexus Corporation
Sauflon
Sanmina-SCI
Sandvik Asia
Secant Medical
Siemens Medical
Smith & Nephew
SMS Technologies
St. Jude Medical
State Food and Drug Administration
Stellar Microelectronics
Stryker
Symmetry Medical
The Tech Group
Toshiba Medical Systems
Tricor-Systems
Vention Medical
Vincent Medical
Wesley-Coe
Winland Electronics
Wytech
Zimmer
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