Medical devices form one of the largest industries in healthcare sector with an estimated size of $250 billion in 2009 and a growth rate of 6%-8%. The industry has been outsourcing medical device manufacturing services for almost a decade now. This trend has brought about huge profit margins, which has attracted many new players. Outsourcing has helped medical device manufacturers reduce product development cost by 10% to 30%. The services outsourcing industry has also gained from the entry of new medical device manufacturing companies, as these players lack experience in the field.
Orthopedic devices hold the largest market share and cardiology devices have the highest growth rate in the medical device manufacturing industry. The increasing regulations for class 2 and class 3 devices have increased the demand for regulatory consulting services. Growing complexities in supply chain and the need for efficient management of client accounts have increased the scope of product lifecycle management solution providers in the medical devices industry. Firms offering chip designing services have also benefitted from the increasing incidence of chronic diseases and the growing use of electronic and embedded systems in cardiovascular and neurology devices.
The report analyzes the outsourcing opportunities in cardiovascular, ophthalmic, oncology, dental, and neurology devices, along with a study of various tools used for developing, testing and simulation tools used for medical devices. The report categorizes the service outsourcing in medical device market as follows:
Services Market: Product design and development services, product testing and certification services, product implementation services, product maintenance services, product upgrade services and Regulatory consulting services for medical devices.
Applications Market: Class I Devices, Class II Devices and Class III Devices.
The intended audience includes:
Service outsourcing companies
Medical devices manufacturers
What makes our reports unique?
We provide the longest market segmentation chain in this industry- not many reports provide market breakdown upto level 4.
Each report is about 250 pages with 100+ market data tables, 40 competitive company profiles, analysis of 200 patents and minimum 40 micro markets, which are collectively exhaustive and mutually exclusive.
No single report by any other publisher provides market data for all the segments viz products, services, applications, ingredients, technology, and stakeholders in a single report for all the four geographies – North America, Europe, Asia Pacific and ROW.
We provide 10% customization- normally it is seen that clients do not find specific market intelligence that they are looking for. Our customization will ensure that you necessarily get the market intelligence you are looking for and we get a loyal customer.
15 pages of high level analysis including benchmarking strategies, best practices (five level of products) and the market’s cash cows (BCG matrix). We conduct detailed market positioning, product positioning and competitive positioning. Entry strategies, gaps and opportunities are identified for all the stakeholders.
Key questions answered
- Which are the high-growth segments/cash cows and how is the market segmented in terms of applications, products, services, ingredients, technologies, stakeholders?
- What are market estimates and forecasts; which markets are doing well and which are not?
- Where are the gaps and opportunities; what is driving the market?
- Which are the key playing fields? Which are the winning edge imperatives?
- How is the competitive outlook; who are the main players in each of the segments; what are the key selling products; what are their strategic directives, operational strengths and product pipelines? Who is doing what?
Powerful Research and analysis
The analysts working with MarketsandMarkets come from renowned publishers and market research firms, globally, adding their expertise and domain understanding. We get the facts from over 22,000 news and information sources, a huge database of key industry participants and draw on our relationships with more than 900 market research companies
Trends in Global services outsourcing market for medical devices
Global services outsourcing market for medical devices, by Applications
Global services outsourcing market for medical devices
Geographic Analysis of Global services outsourcing market for medical devices
Competitive landscape of Global services outsourcing market for medical devices
1.1. KEY TAKE-AWAYS
1.2. Report description
1.4. Research Methodology
3 MARKET OVERVIEW
3.1. Market overview
3.2. Industry Lifecycle
3.3. Defining Service Outsourcing Market FOR Medical DeviceS
4 MARKET DYNAMICS
4.1. Outsourcing market dynamics
184.108.40.206. Growing demand for quality healthcare
220.127.116.11. Increasing competition in medical device manufacturing is driving the demand for outsourcing services
18.104.22.168. Leveraging external expertise
22.214.171.124. Reduced time-to-market
126.96.36.199. Increased product recalls
4.2.1. Government support to secure IP property rights
4.2.2. Asian service providers obtaining certification
5 APPLICATIONS MARKET
5.1. Market Overview
188.8.131.52. Reducing new product roll out time
184.108.40.206. Increasing demand to lower healthcare costs
220.127.116.11. Advancements in healthcare technologies
18.104.22.168. Threat from low-cost device manufacturers
22.214.171.124. Differences in regulations across the globe
126.96.36.199. Multiple outsourcing partners
188.8.131.52. Data security issues
184.108.40.206. Lack of certified outsourcing partners
220.127.116.11. Growing Asian medical device markets offers opportunities for region specific outsourcing
18.104.22.168. Increasing trend towards outsourcing of IT services
5.2. Class III medical devices
22.214.171.124. Life-critical devices offering greater scope for inclusion of IT based solutions
5.3. Class II medical devices
126.96.36.199. Stringent government regulations
188.8.131.52. Growing complexity in design
5.4. Class I medical DEVICEs
5.4.1. Drivers & Restraints
5.5. Comparative Analysis of Service Outsourcing submarkets for medical devices
5.6. Cardiovascular devices
5.7. Orthopedic devices
5.8. Radiology devices
5.9. ANESTHESIOLOGY DEVICES
6 SERVICES MARKET
6.1. Market overview
6.1.1. Market trend: Emergence of end-to-end solution providers
6.2. Product design and development services
6.2.1. Drivers & Opportunities
184.108.40.206. Reduction in costs & time-to-market
220.127.116.11. Huge earning opportunities through IP rights
18.104.22.168. Entry of new players in medical device industry
6.3. Regulatory Consulting Services
6.3.1. Computer system validation services
22.214.171.124. PMA (Premarket approvals)
126.96.36.199. CE Mark
188.8.131.52. Reduces time to obtain approvals
184.108.40.206. Facilitates entry into new geographies
6.4. Product Testing Services
6.4.1. Reduces chances of product recalls
6.5. Product Implementation services
6.6. Product upgrade services
6.7. Product Maintenance services
7 COMPETITIVE LANDSCAPE
8 GEOGRAPHIC ANALYSIS
8.2. North America
8.2.1. market trends
220.127.116.11. Intense competition and need for cost containment
18.104.22.168. Highly regulated market
8.4. Asia Pacific
8.4.1. market trends
22.214.171.124. Setting up of SEZs
126.96.36.199. Initiatives towards IPR protection
9 ESSENTIAL CERTIFICATIONS FOR OUTSOURCING
9.1.1. ISO 13485:2003
9.1.2. ISO 9001:2000
9.1.3. ISO 14971
9.1.4. FDA 21 CFR PART 820:
10 COMPANY PROFILES
10.2. Avail Medical Product Inc.
10.3. Benchmark Electronics, Inc.
10.5. Code Refinery
10.6. Epic System
10.10. Intertech Engineering Associates Inc.
10.11. Lake Region Medical Ltd.
10.14. MedTech Development
10.15. Medtech Group
10.17. Patni Computer Systems Ltd.
10.18. Persistent Systems
10.19. Pilgrim Software Inc.
10.22. Sterling Tech Software
10.23. Toltec International
1 Ophthalmic Medical Devices
2 ORTHOPEDIC Medical Devices
3 Neurology Medical Devices
4 Radiology Devices
5 Gastroenterology – Urology Medical Devices
6 Hematology Medical devices list
7 Dental Medical Devices
Summary Table global services outsourcing market for medical devices 2007-2014 ($Millions)
Table 1 Major players in medical devices market and their product portfolio
Table 2 Global Services outsourcing market for medical devices, By Applications 2007-2014 ($Millions)
Table 3 Global Services outsourcing market for medical devices,By Geography2007-2014 ($Millions)
Table 4 Global services outsourcing market for Class III medical devices, by Geography 2007-2014 ($Millions)
Table 5 Global services outsourcing market for Class II medical devices, by geography 2007-2014 ($Millions)
Table 6 Global services outsourcing market for Class I medical devices, by geography2007-2014 ($Millions)
Table 7 medical device Services outsourcing market, By application 2007-2014 ($MILLIONS)
Table 8 Global presence of key cardiovascular device manufacturers
Table 9 Segmentation of global orthopedic devices market
Table 10 Global presence of key ORTHOPEDIC device manufacturers
Table 11 Segmentation of global medical radiology devices market
Table 12 Outsourcing Services provided by various companies
Table 13 Global service outsourcing market IN medical devices,2007-2014 ($Millions)
Table 14 Global services outsourcing market for medical devices, By Geography 2007-2014 ($Millions)
Table 15 Global services outsourcing market for medical device design and development, by geography 2007 2014 ($Millions)
Table 16 Global regulatory consulting services market for medical devices, by geography2007-2014 ($Millions)
Table 17 Global services outsourcing market for medical device testing, by geography 2007-2014 ($Millions)
Table 18 Global services outsourcing market for medical device implementation, by geography2007-2014 ($millions)
Table 19 Global services outsourcing market for medical device UPGRADEs, by geography2007-2014 ($millions)
Table 20 Global services outsourcing market for medical device maintenance, by geography2007-2014 ($Millions)
Table 21 Alliances, acquisitions and partnerships in the services outsourcing market for medical DEVICES(2007 – 2009)
Table 22 New developments in the service outsourcing market for medical devices (2007-2009)
Table 23 North American services outsourcing market for medical devices2007-2014 ($millions)
Table 24 European services outsourcing marketfor medical devices 2007 – 2014 ($millions)
Table 25 Asian services outsourcing Market for medical devices 2007-2014 ($Millions)
Figure 1 Market Participants in OUTSOURCed Medical Device manufacturing industry
Figure 2 Product lifecycle of medical devices
Figure 3 Industry Lifecycle of Service Outsourcing for medical devices
FIGURE 4 CHALLENGE – BENEFIT ANALYSIS FOR MEDICAL DEVICE MANUFACTURING
Figure 5 Global Service Outsourcing market for medical devices,by applications (2009)
Figure 6 Global Service Outsourcing Market for medical devices,By Geography (2009)
Figure 7 Factors impacting outsourcing in medical devices
Figure 8 Impact of Time-to-market on revenues
Figure 9 FDA classification of Medical devices
Figure 10 Global market share of top 10 medical device MANUFACTURERS
Figure 11 Medical device approval process
Figure 12 Comparative analysis of service outsourcing markets for medical devices
Figure 13 Global market shares of key orthopedic device manufacturers*
Figure 14 Global market shares of key medical radiology device manufacturers
Figure 15 outsourced services & benefits to manufacturers
Figure 16 Structure of strategic AlLiances in the industry
Figure 17 Global services outsourcing market for medical devices
Figure 18 North American service outsourcing Market for medical devices
Figure 19 European service outsourcing market for medical devices
Figure 20 European medical device market
Figure 21 Asian service outsourcing Market for medical devices
Figure 22 Asia Medical device market split
Figure 23 Requirements for ISO 13485
Figure 24 Requirements for ISO 9001:2000
Figure 25 Risk Management Process