Press Releases
Medical Device Contract Manufacturing Market Competitive Landscape Analysis with Forecast by 2026

Transparency Market Research Report Added "Medical Device Contract Manufacturing Market" to its database.

Albany NY, 12 July 2018 -- Over the past few years, the pharmaceutical and medical device industry has seen a significant reduction in new product development and approvals due to the global financial crisis.

Medical Device Contract Manufacturing Market Overview:

Over the past few years, the pharmaceutical and medical device industry has seen a significant reduction in new product development and approvals due to the global financial crisis. To remedy this, the use of business process outsourcing services has proven to be an effective way of minimizing operational, management, and infrastructure costs.

This has driven several life science companies to increase their outsourcing activities as a strategy to reduce capital expenditure and labor costs. There has been a paradigm shift in the pharmaceutical and medical device industry, with multinational healthcare companies and smaller companies being increasingly dependent on outsourcing service providers to improve efficiency and productivity. Additionally, intense competition in the health care industry is compelling these companies to recalibrate their marketing strategies and explore new opportunities in product design, development, and manufacturing. Consequently, most pharmaceutical and medical device giants have adopted the strategy of outsourcing to specialist service providers such as contract manufacturing organizations (CMOs).

Read Report Overview:

Global Medical Device Contract Manufacturing Market: Drivers and Restraints

One of the most effective ways to lead in the highly competitive medical devices market is to reduce the time to market. Reduced time to market directly influences market revenues and offers significant advantages in the medical devices industry, where new products are launched in three to five years. Medical devices have advanced significantly. Their complexity has made them more diverse and accurate. However, mass production of these devices has become challenging. This is the primary factor attributed to the outsourcing of the production of these devices to other manufacturers. As the demand for medical devices and their raw materials is more or less constant in the long run, companies find it mutually profitable to bind themselves in contracts. This is boosting demand for medical devices contract manufacturing services.

Contract manufacturing may involve the manufacturing of either a whole product or a single component of a larger device. Companies adhere to their expertise, which include assembly, CNC machining services, computer integrated products, consulting, converting, die-cutting, forming and finishing services, joining and sealing services, lyophilization services, machining services, medical device prototyping, molding and casting services, packaging services, R&D design, and stamping. With such varied services, the contract manufacturing industry is able to serve a range of businesses\customers. Globalization has paved the way for effective business process management and a clear distinction between value chain and supply chain.

Visibility solutions can be customized to support a range of requirements, including inventory visibility, simulations, end-market demand steering, and service parts management. Cost is clearly a major tipping factor in favor of contract manufacturing outsourcing. The overall cost structure of contract manufacturers (CMs) is significantly lower compared to that of complete product manufacturers (CPMs), making CMs more efficient and financially stable. Procurement of raw materials, paperwork, and negotiations add to the expenses, which are saved by outsourcing. Strict regulations and guidelines by regulatory agencies such as the FDA have made it difficult for organizations to maintain different quality standards for different process. CMs have approved standards for a particular production expertise, enabling them to focus on quality.

Request Brochure :

Global Medical Device Contract Manufacturing Market: Key Segments

CMs also save on time required to manufacture, as they are usually prepared to manufacture at a moment’s notice. This is a noteworthy benefit for their customers. Rise in market competition due to the entry of Asian manufacturers provides an interested business/customer the freedom to choose the better alternative. This has also resulted in competition among players over post-sales services and efficiency. However, factors that make CMs preferable may also affect selection, especially if the manufacturer does not possess the required approval guidelines. The location of CMs also plays an important role in decision making. Some CMs are located offshore, thus bringing into picture the unpredictable nature of shipments and export-import sanctions. This, in turn, changes the profitability of the whole enterprise.

Request For Custom Research :

Global Medical Device Contract Manufacturing Market: Key Players

Key players in the global medical device contract manufacturing market are Admedes GmbH, Donatelle Medical, Advanced Molding Technologies, GlobTek, Inc., Norman Noble Inc., Lumenous Device Technologies Inc., Spectra Medical Devices, Inc., and Integer Holdings Corporation.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,


NY - 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free 866-552-3453



# # #

Submitted by hawer on Thursday, 12 July 2018 at 6:10 PM
Category: Health Care & Medical
Related News

Belly Fat: Its Health Dangers
Thursday, 19 Jul 2018

Thyroid Functioning Tests Market Scope and Opportunities Analysis 2017 – 2025
Thursday, 19 Jul 2018

Premature Ejaculation Treatment Market – Current Scenario and Future Growth Analysis by 2025
Thursday, 19 Jul 2018

HIV-associated Lipodystrophy Market - Growth and Sales Forecast 2017 - 2025
Thursday, 19 Jul 2018

Dental Bonding Agents Market - Intelligence Report Offers Growth Prospects
Thursday, 19 Jul 2018

Related Events

Mayo Clinic Neurology in Clinical Practice
Thursday, 19 Jul 2018

15th Annual Oncology Update CME Coverage of the 2018 ASCO Annual Meeting San Francisco, California
Saturday, 21 Jul 2018

Mastering Clinical Challenges and Emerging Therapies in IBD
Saturday, 21 Jul 2018

Priority U LIVE
Sunday, 22 Jul 2018

Update in Orthpaedic Surgery Conference July 22-26, 2018 Grand Wailea, Maui
Sunday, 22 Jul 2018

Latest News

Belly Fat: Its Health Dangers
Thursday, 19 Jul 2018

Thyroid Functioning Tests Market Scope and Opportunities Analysis 2017 – 2025
Thursday, 19 Jul 2018

Cloud-Based Contact Centers Market Size, Share, Growth, Segmentation and Forecast 2018 To 2026
Thursday, 19 Jul 2018

Procedures and Requirements For MCSA Certification
Thursday, 19 Jul 2018

Fats & Oils Market To Increase at Steady Growth Rate
Thursday, 19 Jul 2018

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Thursday, 19 July 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • The Medical Management of HIV or AIDS and Hepatitis
  • Office Expo Asia (OEA) 2018
  • PrintPack+Sign (PP+S) 2018
  • Singapore Gifts & Premiums Fair (SGPFair) 2018
  • Palo Alto Networks: Cloud Native (In)Security: A Practical Demonstration

  • Latest Jobs
    Sorry, there are currently no entries posted here.