Medical Devices Outsourcing Market: Key Success Factors, Growth Trends & Forecas

1. Presents a Research Report on Medical Devices Outsourcing Market The report on the Global Medical Devices Outsourcing Market is segmented by Device Class (Class I, Class II, Class III), ByService (Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing, Others), By Application (Cardiology, Neurology, Radiology, Anesthesia, Orthopedic, Ophthalmic, Dental, Others) and Region. It also focuses on the COVID-19 Impact Analysis and Forecast to 2026. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. The Medical Devices Outsourcing Market Highlights& Drivers • The Medical Devices Outsourcing market is estimated to grow from USD 98.2 billion in 2020 to USD 182.7 billion by 2026 at a CAGR of over 10.9% during the forecast period. • Medical Devices Outsourcing is regarded as a phenomenon that emphasizes contracting with a third party for product design, prototyping, verification, production, packaging, and validation of medical devices in a controlled and sterile environment for supply chain management. • It mainly involves contracting with third-party organizations that excel in conceptualization, medical device prototyping, and related aspects. • MarketInsight • By Application Type: • Based on application, the global medical devices outsourcing market has been categorized into cardiology, neurology, radiology, anesthesia, orthopedic, ophthalmic, dental, and others. • Among these, the cardiology segment held the highest market share of more than 20% in 2020 and is estimated to register a healthy CAGR during the review period. • The surging demand for cardiovascular devices, due to a high prevalence of related medical conditions, is further ascribed to the increased outsourcing of these devices, thereby augmenting the segment growth.

3. Market Insight & Competitive Insights • By Region: • By region, the Asia Pacific market held the largest market share of more than 40% in 2020 and is estimated to register a healthy CAGR during the forecast timeline due to the easy availability of skilled manpower. • Also, it can be attributed to rising incidence of chronic diseases, presence of key players, and competitive pricing, further proliferates the regional market growth. • Key Players • SGS SA (Switzerland), • Toxikon, Inc. (The U.S), • Eurofins Scientific (Luxembourg), • Pace Analytical Services, Inc. (The U.S), • Intertek Group Plc (UK), • WuXiAppTec, Inc. (China), • North American Science Associates, Inc. (The U.S), • TUV SUD AG (Germany), • American Preclinical Services (The U.S), and • Sterigenics International Llc (Italy).

4. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

5. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

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