Report Details
The medical device industry has witnessed explosive growth in recent years. According to visiongain estimates, the global market was worth $236.1bn in 2010. Much of this growth is linked to the rising prevalence of diseases worldwide, most notably cardiac and neurological disorders. As most of the prominent companies in the industry operate globally, the growth of the industry is highly dependent on the economic conditions prevailing in the international market. As a result, the industry was not immune to the recent global recession and faced numerous issues including price/volume concerns, healthcare reforms and a more restrictive regulatory environment. Responding to pricing pressure remains a key concern for companies in the medical device industry. The governmental effort to contain healthcare costs and the continuing pressure from hospitals and health systems to renegotiate on pricing due to potential medical reimbursement cuts, have increased pressure on medical device manufactures to rework their pricing strategies. One such strategy employed by medical devices companies to cut costs includes outsourcing.
The medical device industry has been using outsourcing for almost a decade and this has allowed original equipment manufacturers (OEMs) to cut product development costs by up to 30%. These outsourcing companies are becoming more and more sophisticated and diverse as they continue to grow their core areas of expertise. As a result, medical device outsourcing companies can offer services ranging from product development, design, manufacturing, engineering, and pre-clinical testing to supply chain management (sterilisation, packaging and warehousing).
Our latest pharma report - Medical Device Contract Manufacturing: World Market Outlook 2011-2021 - examines the global medical device and contract manufacturing markets over the next decade, providing detailed market forecasts for three main segments of the contract manufacturing market - material processing, electronics, and finished products. The report analyses recent trends in this market and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report offers in-depth analysis of the opportunities and challenges facing companies in the market throughout the world. 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 interviews with experts within the medical device contract manufacturing market.
Detailed analysis of the global Medical Device Contract Manufacturing Market
Medical Device Contract Manufacturing: World Market Outlook 2011-2021examines that sector critically, through a comprehensive review of information sources, both primary and secondary. In our report you find revenue forecasts, growth rates and market shares. You also receive qualitative analyses, opinions from our survey and a review of companies. Discover 64 tables and charts and a research interview (shown in the accompanying lists).
Why you should buy Medical Device Contract Manufacturing: World Market Outlook 2011-2021
In this report, you will receive the following benefits in particular:
• You will receive our assessment of the current market for medical device contract manufacturing, with respect to the leading segments, products, companies and national markets
• You will discover sales trends for the overall medical device contract manufacturing market from 2011 to 2021 - seeing where commercial growth will occur
• You will discover sales trends for the main segments - materials processing, electronic manufacturing services, and finished products - from 2011 to 2021, with detailed discussions of market potential
• You will receive sales forecasts for leading geographical markets (US, Japan,Germany, France, Italy, Spain, UK, China and India), with informed discussion
• You will assess leading contract manufacturing organisations in the medical device contract manufacturing market
• You will examine the strengths, weaknesses, opportunities and threats (SWOT analysis) facing the medical device contract manufacturing market from 2011 onwards
• You will be able to investigate competition and opportunities influencing the medical device contract manufacturing market from 2011 onwards
• You will see what will stimulate and restrain the market from 2011
• You will discover the unmet needs in the market, driving the growth from 2011 onwards
• You will view expert opinion from our survey, including full interview transcripts.
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CCR Ref number: KD4R6
Global Manufacturing Industry
Table of Contents
1. Executive Summary
1.1 Sector Highlights
1.2 Aims, Scope and Format of the Report
1.3 Chapter Outline
1.4 Research and Analysis Methods
1.5 Glossary of Terms Related to the Report
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 Medical Device Contract Manufacturing
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
3. The Medical Device Contract Manufacturing Market, 2010-2021
3.1 The Global Medical Device Market, 2010
3.2 Cost of Goods Sold (COGS) for Device OEMs
3.3 Medical Device Outsourcing
3.3.1 Medical Device Outsourcing Segments
3.4 Medical Device Contract Manufacturing Market, 2010
3.4.1 Medical Device Contract Manufacturing Market Segments, 2010
3.5 Growing Demand for Medical Devices will Drive the Contract Manufacturing Market
3.6 Medical Device Contract Manufacturing Market Forecast, 2011-2021
3.6.1 Material Processing
3.6.1.1 Materials Processing Market, 2010-2021
3.6.2 Electronics/ Electronic Manufacturing Services (EMS)
3.6.2.1 Medical EMS Market by Segments, 2010
3.6.2.2 Electronics Outsourcing Market, 2011-2021
3.6.3 Finished Products
4. Leading Contract Manufacturing Organisations in 2011
4.1 A Highly Fragmented Market
4.2 Accellent Inc.
4.2.1 Revenues and Recent Performance Analysis, 2010
4.2.2 Business Capabilities
4.2.3 Asia Expansion
4.3 Flextronics
4.3.1 Revenue and Recent Performance Analysis, 2010
4.3.2 Medical Certification Award Enhances Company Portfolio
4.4 Symmetry Medical
4.4.1 Revenue and Recent Performance Analysis, 2010
4.4.2 Total Solutions Approach
4.4.3 Acquisition of Olsen Medical
4.5 The Tech Group (Part of the West Pharmaceutical Services Company)
4.5.1 Revenues and Recent Performance Analysis, 2010
4.5.2 Focusing on Research & Development
4.6 Greatbatch Inc.
4.6.1 Revenue and Recent Performance Analysis, 2010
4.6.2 Capital Investment will Prompt Future Growth
4.7 Nortech Systems Inc.
4.7.1 Revenue and Recent Performance Analysis, 2010
4.7.2 Nortech Life Sciences
4.7.3 Acquisitions Contributed to 33% Increase in Net Revenues in Q1, 2011
4.8 Other Companies and Services
5. Leading National Contract Manufacturing Markets, 2010-2021
5.1 Breakdown of the World Medical Device Contract Manufacturing Market, 2010
5.2 The U.S Market
5.3 The European Market
5.3.1 Germany and France
5.3.2 Italy
5.3.3 Spain
5.3.4 U.K
5.4 The Japanese Market
5.5 The Indian Market
5.6 The Chinese Market
5.7 Rest of the World
6. SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-2021
6.1 Contract Manufacturing Industry Trends
6.2 Strengths
6.2.1 Outsourcing on the Rise
6.2.2 Focus on Core Competencies
6.2.3 Access to Specialised Technologies
6.3 Weaknesses
6.3.1 Considerable Risk
6.3.2 Lack of Communication
6.3.3 Highly Fragmented Market
6.4 Opportunities
6.4.1 Globalisation
6.4.1.1 Growth in Asia
6.4.2 Medical Device Excise Tax: An Opportunity for the Contract Manufacturers
6.5 Threats
6.5.1 FDA Changes
6.5.2 Medical Device Excise Tax: A Threat to the OEMs
7. Expert Opinion
7.1 Interview with Marketing Manager, Creganna-Tactx Medical
7.1.1 The Medical Device Contract Manufacturing Industry
7.1.2 Industry Mergers & Acquisitions
7.1.3 Industry Threats
7.1.4 The Future Medical Device Contract Manufacturing Industry
8. Conclusions
8.1 Overview
8.2 Electronic Manufacturing Services will Witness Strong Growth
8.3 Prominent Companies in the Market
8.4 Outsourcing and Offshoring will Become a Strategic Necessity
8.5 Future Outlook and Concluding Remarks
Appendix A
Appendix B
Visiongain report evaluation form
List of Tables
Table 2.1 US and EU Classification of Medical Devices, 2010
Table 2.2 Tactical and Strategic Reasons for Outsourcing Manufacturing, 2010
Table 3.1 The Medical Device Market ($bn) by Sector, 2010
Table 3.2 Medical Device Market: COGS, 2010
Table 3.3 Spending on In-house and Outsourced Device Manufacturing, 2010
Table 3.4 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
Table 3.5 Global Medical Devices Market Forecast ($bn): 2010-2021
Table 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
Table 3.7 Some Companies Offering Moulding Services to Medical Devices OEMs, 2011
Table 3.8 Material Processing Market Forecast ($bn): 2010-2021
Table 3.9 Industries Served by EMS Providers: Market Sales ($bn) and Market Shares (%), 2010
Table 3.10 Some Companies Offering EMS to Medical Device OEMs, 2011
Table 3.11 Medical EMS Market ($bn) by Segment, 2010
Table 3.12 EMS Market Forecast ($bn): 2010-2021
Table 3.13 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
Table 4.1 Leading Companies in the Medical Device Contract Manufacturing Market, Revenues ($m), 2010
Table 4.2 Accellent Financial Quarter Results ($m), 2009 & 2010
Table 4.3 Accellent Q2 Financial Results ($m), 2010 & 2011
Table 4.4 Flextronics Quarterly Financial Results ($bn), 2009 & 2010
Table 4.5 Symmetry Medical Revenues ($m) by Business Segments, 2010
Table 4.6 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
Table 4.7 Greatbatch Revenues ($m) by Business Segment, 2010
Table 4.8 Greatbatch Total Revenues ($m), 2006-2010
Table 4.9 Nortech Systems Revenues ($m), 2009 & 2010
Table 4.10 Other Companies involved in Medical Device Contract Manufacturing, 2010
Table 5.1 Medical Device Contract Manufacturing Market ($bn) by Region, 2010
Table 5.2 Leading Medical Device Contract Manufacturing National Market Forecasts ($bn), 2010-2021
Table 5.3 The European Medical Device Contract Manufacturing Market ($bn), 2010
Table 5.4 The European Medical Device Contract Manufacturing Market Forecasts ($bn) by Leading Countries, 2010-2021
Table 6.1 SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-2021
Table 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
List of Figures
Figure 2.1 Services offered by Medical Device Outsourcing Companies, 2010
Figure 3.1 The Medical Device Market Share (%) by Sector, 2010
Figure 3.2 Share (%) of Spending on In-house and Outsourced Device Manufacturing, 2010
Figure 3.3 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
Figure 3.4 Medical Device Contract Manufacturing Market Shares (%) by Segments, 2010
Figure 3.5 Global Medical Device Market Forecast ($bn): 2010-2021
Figure 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
Figure 3.7 Medical Device Contract Manufacturing Segment Forecasts ($bn): 2010-2021
Figure 3.8 Material Processing Market Forecast ($bn): 2010-2021
Figure 3.9 Industries Served by EMS Providers: Market Share (%), 2010
Figure 3.10 Market Shares (%) of Leading Segments in the Medical EMSMarket, 2010
Figure 3.11 EMS Market Forecast ($bn): 2010-2021
Figure 3.12 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
Figure 4.1 Accellent Financial Quarter Results ($m), 2009 & 2010
Figure 4.2 Accellent Q2 Financial Results ($m), 2010 & 2011
Figure 4.3 Flextronics Quarterly Revenue Change (%), 2009-2010
Figure 4.4 Symmetry Medical Revenue Share (%) by Business Segment, 2010
Figure 4.5 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
Figure 4.6 Greatbatch Revenue Shares (%) by Business Segment, 2010
Figure 4.7 Greatbatch Total Revenues ($m), 2006-2010
Figure 4.8 Nortech Systems Total Revenues ($m), 2009 & 2010
Figure 5.1 Market Shares (%) of Leading Regions/Countries in the Medical Device Contract Manufacturing Market, 2010
Figure 5.2 The US Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.3 The European Medical Device Contract Manufacturing Market Share (%), 2010
Figure 5.4 The European Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.5 French and German Medical Device Contract Manufacturing Market Forecasts ($bn), 2010-2021
Figure 5.6 Italian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.7 Spanish Medical Device Contract Manufacturing Market ($bn) Forecast, 2010-2021
Figure 5.8 The UK Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.9 Japanese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.10 Indian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.11 Chinese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
Companies Listed
Accellent
AccuPlace
Advanced Moulding Technologies
Advanced Scientifics
AdvantaPure
ATEK Medical
B. Braun Medical Ltd.
BC Tech Inc.
Benchmark Electronics
Boston Scientific
Centre for Devices and Radiological Health (CDRH)
Cirtech Medical Systems
C&J Industries
Coeur
Cogent Technology
Cogmedix
Creganna-Tactx Medical
Da/Pro Rubber
DTR Medical
DTS Mechelec
Electrochem Medical
Europlaz
Filtertek Inc.
Flextronics
Food and Drug Administration (FDA)
Forefront Medical Technology
Foxconn Vanguard-EMS
Greatbatch Inc.
GW Plastics Inc.
HEI Inc.
Helix Medical
Heraeus Medical
Integrated Biosciences
International Organization for Standardization
IntriMed Technologies
Jabil Circuit
J-Pac
Kimball Electronics Group
Kitron
Medefab
MediConcepts
Medisize
MeKo Medical
Memry
Moog
National Competent Authorities (NCA)
Nortech Systems
Olsen Medical
Orchid Orthopedic Solutions
PCI Limited
Plexus Corporation
Sanbor Medical
Sanmina-SCI Corporation
Sauflon
Secant Medical
SMS Technologies
Sparton
Symmetry Medical
The Electrolizing Corporation of Ohio
The Tech Group
Tricor Systems Inc.
TT Electronics
Vention Medical
Venture Manufacturing Group
Vincent Medical
Wesley-Coe
West Pharmaceutical Services
Winland Electronics
Wytech
