The Medical Device Contract Manufacturing market study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Medical device contract manufacturing for orthopedic treatment continues to influence growth strategies of market players and accounts for over one-fourth of the total revenue. Growing application in manufacturing of cardiovascular devices is likely to result in increased market share.
Increasing geriatric population with conditions such as arthritis and rising need for custom devices are anticipated to spur the entry of new players specifically focused on the orthopedic devices. Strong focus on the manufacturing of cardiovascular devices is attributed to increasing fatalities arising out of cardiac problems and consequent rise in demand for stents, catheters, guidewires and implantable devices.
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Medical Device Contract Manufacturing: Market Segmentation
Fact.MR has studied the medical device contract manufacturing market with detailed segmentation on the basis of device, type of manufacturing, services, application and region.
|
Device |
Type of Manufacturing |
Services |
Application |
Region |
| In-vitro Diagnostic Medical Devices | Raw Materials | Prototype Development | Cardiovascular | North America |
| Diagnostic Imaging & Medical Equipment | Electronics | Finished Device Manufacturing | Orthopedic | Europe |
| Drug Delivery Devices | Finished Goods | Assembly & Packaging | Neurovascular | Asia Pacific |
| Patient Monitoring Devices | Testing & Regulatory Support Services | Pulmonary | Latin America | |
| Minimally Access Surgical Instruments | Molding & Casting | Oncology | Middle East & Africa (MEA) | |
| Therapeutic Patient Assistive Devices | Others | Laparoscopy | ||
| Others | Urology & Gynecology | |||
| Radiology | ||||
| Others |
Medical Device Contract Manufacturing Market: Regional Insights
North America is set to remain the dominant region for the medical device contract manufacturing market, capturing over 2/5th of the market share and expanding at a CAGR of 9.1% through 2026. However, Asia-Pacific promises to generate credible growth opportunities, registering an average growth rate of 11%. Strict compliance to governmental regulations, continuous technological advancements, and an increased focus on patient safety and patient care have contributed to the leading share of North America.
The Medical Device Contract Manufacturing market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
- Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
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The Medical Device Contract Manufacturing market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
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