Medical Device Contract Manufacturing Market 2026, Impact Of Industry 4.0 On The Medical Device Industry to Boost Growth – Technavio – QNT Press Release

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NEW YORK, Oct. 3, 2022 /PRNewswire/ — The Medical Device Contract Manufacturing Market size is expected to grow by USD 46.18 bn during 2021-2026, at a CAGR of 11.19% during the forecast period, according to Technavio. The Impact of Industry 4.0 on the medical device industry, strategic M&A, and high investments in R&D will offer immense growth opportunities.

However, consolidation in the medical device industry, stringent regulations associated with medical device manufacturing, and unfavorable reimbursement scenarios will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy Sample Report.

Medical Device Contract Manufacturing Market Vendors Analysis

We provide a detailed analysis of around 25 vendors operating in the Medical Device Contract Manufacturing Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Medical Device Contract Manufacturing Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

  • Benchmark Electronics Inc.
  • Celestica Inc.
  • Flex Ltd.
  • Gerresheimer AG
  • Integer Holdings Corp.
  • Jabil Inc.
  • Kimball Electronics Inc.
  • Nemera
  • Nipro Corp.
  • Nordson Corp.
  • Nortech Systems Inc.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

Medical Device Contract Manufacturing Market Segmentation

  • Device
    • IVD
      • The IVD segment’s market share for medical device contract manufacturing will expand significantly. The aging of the population and the subsequent rise in the incidence of chronic and infectious diseases, the adoption of fully automated and point-of-care (POC) tools, the explosive growth of the pharmaceutical industry in developed regions, the rising awareness of disease diagnostics in developing regions, and the increase in R&D expenditures by industry participants to introduce new IVD products are the main drivers of the IVD segment.
    • Drug Delivery
    • Diagnostic Imaging
    • Cardiovascular
    • Others
  • Geography
    • North America
      • North America will account for 38% of the market’s growth over the projection period. The main markets in North America for the contract manufacturing of medical devices are the US and Canada. The market in this region will grow more quickly than the markets in the European regions.
      • Over the projection period, the medical device contract manufacturing market will rise in North America because to the strict compliance requirements with governmental regulations, ongoing technical advancements, and growing focus on improving patient safety and care.
    • Europe
    • Asia
    • Rest Of The World (ROW)

Medical Device Contract Manufacturing Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our medical device contract manufacturing market report covers the following areas:

  • Medical Device Contract Manufacturing Market size
  • Medical Device Contract Manufacturing Market trends
  • Medical Device Contract Manufacturing Market industry analysis

This study identifies the shift from centralized to point-of-care testing as one of the prime reasons driving the medical device contract manufacturing market growth during the next few years. Request Free Sample Report.

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Medical Device Contract Manufacturing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.19%

Market growth 2022-2026

$46.18 billion

Market structure

Fragmented

YoY growth (%)

10.77

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, Germany, China, Japan, and Republic of Korea

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Benchmark Electronics Inc., Celestica Inc., Flex Ltd., Gerresheimer AG, Integer Holdings Corp., Jabil Inc., Kimball Electronics Inc., Nemera, Nipro Corp., Nordson Corp., Nortech Systems Inc., Plexus Corp., Recipharm AB, Sanmina Corp., Scientific Molding Corp. Ltd., TE Connectivity Ltd., Tecomet Inc., Teleflex Inc., Tessy Plastics Corp., …

Full story available on Benzinga.com

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