1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
Medical Device Outsourced Manufacturing Market by Device Class of Device, Services, Procedure - APAC forecast to 2026

Medical Device Outsourced Manufacturing Market by Device Class of Device, Services, Procedure - APAC forecast to 2026

  • April 2021
  • 298 pages
  • ID: 6067222
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The Asia Pacific medical device outsourced manufacturing market is projected to reach USD 56.2 billion by 2026 from USD 29.3 billion in 2021 and is expected to grow at a CAGR of 13.9% during the forecast period. The Asia pacific medical device outsourced manufacturing market is mainly driven by the overall growth of the medical devices market, mainly due to the rising disease prevalence, life expectancy, and geriatric population. Technological advancements have prompted end users to overhaul or update their manufacturing systems. As this is a costly process, they look to outsource contract manufacturing.
However, market growth is impeded by the growing consolidation in the medical devices market.To develop their own manufacturing capabilities and save costs, Larger players are focusing on acquiring smaller players and CMOs themselves.

This may affect the overall market growth to a certain extent.

Cardiovascular segment is expected to witness fastest growth in the forecast period.
Based on device type, the Asia Pacific medical device outsourced manufacturing market is broadly segmented into IVD devices, diagnostic imaging devices, cardiovascular devices, drug delivery devices, orthopedic devices, respiratory care devices, ophthalmology devices, surgical devices, diabetes care devices, dental devices, endoscopy devices, gynecology/urology devices, personal care devices, neurology devices, and other devices.Cardiovascular segment is expected to witness fastest growth in the forecast period.

With the prevalence of cardiovascular diseases on the rise, the demand for medical devices that can treat conditions of the heart and blood vessels will continue to grow.At the same time, the complexity of the devices will follow a similar trend.

They will become smaller, incorporate more components made from various materials, require stringent tolerance analyses, and demand innovative packaging and sterilization solutions. Subsequently, not all OEMs possess innovative and sophisticated product manufacturing capabilities, thereby driving the demand for medical device outsourced manufacturing.

Device development and manufacturing services segment accounted for the largest share of APAC medical device outsourced manufacturing market in 2020
Based on service, the Asia Pacific medical device outsourced manufacturing market is segmented into device development and manufacturing services, quality management services, packaging and assembly services and other services.In 2020, the device development and manufacturing services segment dominated this market.

The increasing adoption of contract manufacturing services in the medical device industry, growth in the medical devices market (especially in the single-use disposable medical devices market), and improving device development and manufacturing capabilities are the major factors responsible for the large share of this segment.

Class III segment is expected to witness fastest growth in the forecast period.
Based on the class of device, the APAC medical device outsourced manufacturing market is segmented into Class I, Class II, and Class III medical devices.The manufacturing of Class III devices requires sophisticated and advanced technologies owing to the risks these devices pose to patients if not utilized in the intended way.

The primary difference is that in addition to the general controls of Class I devices and special controls of Class II devices, all Class III devices require premarket approval, including a comprehensive scientific review to ensure their safety and effectiveness. The high growth rate of this market segment is fueled by the increasing adoption of innovative technologies by medical device outsourced manufacturing companies to manufacture high-end Class III medical devices.

Production segment accounted for the largest share of Asia Pacific medical device outsourced manufacturing market in 2020
Based on process, the medical device outsourced manufacturing market is broadly segmented into production, prototyping, pilot production, design for manufacturing, process evaluation, validation, project management, packaging, and assembly.In 2020, the production segment accounted for the largest share of the medical device outsourced manufacturing market.

The large share of this segment can be attributed to the growing number of medical device companies outsourcing their production tasks to minimize manufacturing costs.

China accounted for the largest share of the APAC medical device outsourced manufacturing market in 2020.
Geographically, the Asia Pacific medical device outsourced manufacturing market has been segmented into China, Japan, India, South Korea, Malaysia & Singapore, Australia & New Zealand, and the Rest of Asia Pacific.In 2020, China accounted for the largest market share of the Asia Pacific medical device outsourced manufacturing market, followed by Japan.

China’s dominant share is mainly driven by the lower cost of raw material and labor than other Asia Pacific countries, increasing demand for medical devices due to the improving healthcare infrastructure, the adoption of technologically advanced products, and the less stringent regulatory scenario compared to most developed countries.
• By Company: Tier 1: 40%, Tier 2: 35%, and Tier 3: 25%
• By Designation: C-level Executives: 25%, Directors: 55%, and Others: 20%
• By Country: India: 25%, China: 20%, Japan: 15%, Singapore: 10% and Rest of the World: 30%

Some of the key players in the medical device outsourced manufacturing market are Jabil Inc. (US), Nipro Corporation (Japan), Flex, Ltd. (Singapore), Sanmina Corporation (US), Nordson Corporation (US), Plexus Corp. (US), TE Connectivity (Switzerland), Kimball Electronics, Inc. (US), Benchmark Electronics Inc. (US), West Pharmaceutical Services Inc. (US), Aptar, Inc. (US), Carclo plc (UK), Nolato GW, Inc. (Sweden), Gerresheimer AG (Germany), Celestica Inc. (Canada), Integer Holdings Corporation (US), Nortech Systems, Inc. (US), Consort Medical plc (Sweden), Nemera Development SA (France), Tessy Plastics Corporation (US), Viant Medical (US), MeHow (China), Phillips-Medisize Corporation (US), Tekni-Plex (US), and Peter’s Technology (Taiwan). The study includes an in-depth competitive analysis of these key players in the medical device outsourced manufacturing market, along with their company profiles, recent developments, and key market strategies.

Research Coverage:
The market study covers the Asia Apcific medical device outsourced manufacturing market across various segments.It aims at estimating the market size and the growth potential of this market across different segments by device type, services, class, process and country.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market and provide information regarding the closest approximations of the medical device outsourced manufacturing market and its segments.This report will help stakeholders understand the competitive landscape, gain insights to position their businesses better, and plan suitable go-to-market strategies.

The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, opportunities and challenges.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Extracorporeal Membrane Oxygenation Machine Market by Product, Component, Patient Type, Modality Outlook, Applications And Region - Global Forecast to 2026

  • $ 4950
  • November 2021
  • 169 pages

The global ECMO machine market is expected to reach USD 673 million by 2026 from an estimated USD 531 million in 2021, at a CAGR of 4.9% from 2021 to 2026. An ECMO machine acts as an artificial heart and ...

  • World
  • North America
  • Healthcare
  • Medical Device
  • Industry analysis
  • Health Expenditure
  • Mortality Rate

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on