New York, December 2021: Axiom Market Research & Consulting™ added a report on Medical device Contract Manufacturing Market which includes study on device type, services type, product type, class of device, and geography. The Medical Device Contract Manufacturing Market was projected to grow at a CAGR of 11.34% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Medical Device Contract Manufacturing Market.

The factors such as product concept and development, process validation and verification, production and packaging services to the customers, clients and the inventors of the medical devices, along with the increasing disease prevalence, geriatric population, and the life expectancy have been driving the growth of the medical device contract manufacturing market during the forecast period. 

The report analyses the medical device contract manufacturing market based on device type, services type, product type, and geography. By device type, the medical device contract manufacturing market is segmented into including IVD devices {IVD consumables, IVD equipment}, diagnostic imaging devices, cardiovascular devices, drug delivery devices {infusion sets and administration sets, syringes, inhalers, autoinjectors & pen injectors}, orthopedic devices, ophthalmology devices, diabetes care devices, dental devices, endoscopy devices, respiratory care devices, surgical devices, gynecology/urology devices, personal care, neurology devices. By services type, the medical device contract manufacturing market is segmented into device development and manufacturing services, device manufacturing services, process development services, device engineering services, quality management services, packaging validation services, inspection and testing services, sterilization services. By product type, the medical device contract manufacturing market is segmented into raw materials, electronics, and finished goods. By class of device, the medical device contract manufacturing market is segmented into Class I, Class II, and Class III. Geographically, the medical device contract manufacturing market is studied for the regions including North America, Europe, Asia-Pacific and Rest of the World. 

IVD devices device segment is dominating the medical device contract manufacturing market

The factors such as increasing volume of the IVD tests performed by the increasing and number of the hospitals and clinical laboratories in the developed of the countries, automation and technological advancements in the instruments with the capabilities of high-throughput has been driving the growth of the segment in the medical device contract manufacturing market during the forecast period. 

Device development and manufacturing services type segment has dominated the medical device contract manufacturing market

The increasing adoption of the contract manufacturing services in the industry of medical devices, growth in the medical devices market  and manufacturing capabilities and improving the device development have been the major factors boosting the growth of the segment in the medical device contract manufacturing market during the forecast period. 

Raw materials product type segment is expected to dominate the medical device contract manufacturing market

The increasing use of the raw materials in the manufacturing of the medical devices and their components and availability of wide range of the raw materials available to the organizations manufacturing medical technology like additives, alloys, gels and ceramics has been driving the growth of the segment in the medical device manufacturing market during the forecast period. 

Class II class of device segment is dominating the medical device contract manufacturing market

The factors such as large number of the medical devices that are coming under the Class II device and their greater utilization as compared to the other classes have been driving the growth of the medical device manufacturing segment during the forecast period. 

Asia Pacific is expected to witness fast growth in the medical device contract manufacturing market

The lower cost of the raw materials and labor, along with the increasing demand for the medical devices, improving healthcare infrastructure, adoption of the technologically advanced products and the presence of the less stringent regulations than the developed countries has been propelling the growth of the medical device contract manufacturing market in the region during the forecast period. 

Key Players

The key players in the medical device contract manufacturing market are are Jabil Inc., Flex Ltd., Plexus Corp., Sanmina Corporation, Integer Holdings Corporation, Celestica Inc., Gerresheimer Ag, Te Connectivity Ltd., Nipro Corporation, West Pharmaceutical Services, Inc., Benchmark Electronics Inc., Recipharm Ab, Kimball Electronics, Inc., Nortech Systems Incorporated, Nemera Development Sa, Viant Medical Holdings, Inc., Tecomet, Inc., Smc Ltd., Phillips-Medisize Corporation, Tessy Plastics Corp, Carclo Plc, Nolato Gw, Inc. (A Part Of Nolato Ab), Mehow, Tekni-Plex and Peter’S Technology among others.

Browse for More Details: https://www.axiommrc.com/product/11179-medical-device-contract-manufacturing-market-report

Contact Us:

Ganesh Sai

United States

3 Germay Dr.Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: sales@axiommrc.com