Infinium Global Research Medical Device Outsourcing Market Global Industry | Page 8

Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2023
The study on global medical device outsourcing market provides deep insights into the
trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the
market estimates are provided in terms of revenue in USD million. Furthermore, the
research covers the analysis of the various segments in the global medical device
outsourcing market. The estimates in the global medical device outsourcing market are
based on both bottom-up and top-down approaches. In the bottom-up approach the
revenues of the key players are determined and added to arrive at country or regional
markets size. The country market sizes added to arrive at the regional market size. Further,
the market size of the regions is added to arrive at the global market size of medical device
outsourcing market.
In the top-down approach the global market size is estimated based on the secondary
research and historic data. Using this approach the regional market size is obtained by
splitting the global number by percentage share of each region such as North America,
Europe, Asia-Pacific and RoW. The regional market was then divided as per the market
share of the applications Class I, Class II, and Class III.
Executive Summary
Global Medical Device Outsourcing Market Highlights, (USD Million)
The global medical device outsourcing market is expected to grow at a CAGR of 12 %
between 2017 and 2023 in terms of value. Rise in elderly population and increase in
number of patients suffering from chronic disorders, such as diabetes, spine disorders, and
cardiovascular diseases, are expected to drive the growth of this market. Moreover,
increasing competition among manufacturers leading to development of products at lower
cost is one of the key factors that drives the growth of this market over the forecast period.
Furthermore, threat of loss of private information is expected to restraint the growth of this
market over the forecast period 2017 – 2023.
Furthermore, increasing difficulties in product engineering attached with increasing number
of entrant manufacturers are expected to provide opportunities to the medical device
outsourcing industry.
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