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Global Medical Device Outsourcing Market Analysis by Services and Therapeutic Area (2018-2025): A $195 Billion Opportunity - ResearchAndMarkets.com

September 24, 2018

DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Medical Device Outsourcing Market Analysis Report By Services (Quality Assurance, Contract Manufacturing), By Therapeutic Area (Cardiology, General & Plastic Surgery), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global medical device outsourcing services market size is expected to reach USD 194.9 billion by 2025., progressing at a CAGR of 10.9% during the forecast period.

Rising demand for medical devices coupled with growing trend of offshoring is expected to drive the market during the forecast period.

Recent regulatory changes in Europe with respect to medical device is also expected to fuel the demand for quality assurance and regulatory affairs services, thereby contributing to the growth of the market in the region. For instance, implementation of MDR and IVDR is expected to increase the demand for QMS service providers, thereby supplementing the growth of the overall market.

Some major regulatory changes are expected to occur across the globe, which can have an impact on the medical device outsourcing market over the forecast period. Some of the major changes are:

Amendment in ISO certification related to medical device Adoption of medical device single audit program Implementation of medical device regulation and in vitro diagnostics regulation in the EU region Changes in Brazil Good Manufacturing Practice (BGMP) Quality Management System (QMS) requirements Simplification of Korea Good Manufacturing Practice (KGMP) rules

These regulatory reforms are estimated to augment the demand for outsourcing services, thereby providing a tremendous push to the market over the forecast period. There has been a significant consolidation in the medical device outsourcing space in recent years. Large CROs are collaborating with specialized service providers to gain substantial share in the specific market segment.

Further key findings from the report suggest:

The global contract manufacturing market is anticipated to reach 104.5 billion by 2025, expanding at a CAGR of 10.2% from 2018 to 2025 In terms of service, quality assurance is expected to experience the fastest growth during the forecast period Asia Pacific is expected to dominate the medical device outsourcing market during the forecast period North America and Europe commanded sizeable cumulative share in 2016 owing to well established manufacturing infrastructure for high end and complex medical devices

Key Topics Covered

Chapter 1 Report Scope

Chapter 2 Methodology

Chapter 3 Objectives

Chapter 4 Definitions

Chapter 5 Executive Summary

Chapter 6 Market Snapshot

Chapter 7 Market Variables, Trends & Scope

Chapter 8 Competitive & Vendor Landscape

Chapter 9 Services Segment Analysis

Chapter 10 Application Segment Analysis

Chapter 11 Regional Outlook

Chapter 12 Company Profiles

Chapter 13 KOL Commentary

Chapter 14 Recommendations

Companies Featured

SGS SA Toxikon, Inc. Eurofins Scientific Pace Analytical Services LLC. Intertek Group plc Wuxi AppTec North American Science Associates, Inc. TV SD AG American Preclinical Services Sterigenics International LLC Charles River Laboratories International, Inc. Medical Device Testing Services RJR Consulting, Inc. Mandala International Mapi Group Freyr Global Regulatory Partners-LLC PAREXEL International Corporation EMERGO Criterium, Inc. PRA Health Sciences Promedica International West Pharmaceutical Services, Inc. Medpace PARAXEL International Corporation Charles River Laboratories (CRL) International, Inc. ICON plc QuintilesIMS Covance, Inc. Integer holdings Corporation Tecomet Inc. Jabil Inc. Phillips Medisize Cantel Medical Corp. and more...

For more information about this report visit https://www.researchandmarkets.com/research/3rgrq8/global_medical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005914/en/

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Related Topics:Medical Devices

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/24/2018 03:26 PM/DISC: 09/24/2018 03:26 PM

http://www.businesswire.com/news/home/20180924005914/en

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