Infinium Global Research Medical Device Outsourcing Market | Page 3

Medical Device Outsourcing Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2023
Introduction
Report Description
The report on Global Medical Device Outsourcing Market provides qualitative and
quantitative analysis for the period of 2015 to 2023. According to report the global medical
device outsourcing market is expected to grow at a CAGR of 12% over the forecast period of
2017 – 2023. The global market size of medical device outsourcing market is expected to
surpass USD xxx.x billion by 2023.
Outsourcing of medical device manufacturing is gaining importance among original
equipment manufacturers as it helps to influence their rare resources and maximize
essential capabilities. The recent decrease in healthcare economy has hassled medical
companies to reduce operational costs and their manufacturing expenditures. The process
of manufacturing medical devices requires unnecessary labour and involves high
engineering costs, the need for outsourcing will upsurge considerably as it helps to
eliminate the need for pharmaceutical companies to hire employees and also reduces
product development costs.
This report estimates the market size of medical device outsourcing market in terms of
value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a
base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market
sizes for medical device outsourcing market in numerous applications is estimated in terms
of value. This market research study provides detailed qualitative and quantitative analysis
of the global medical device outsourcing market. Additionally, the report provides a
comprehensive review of the major market drivers, restraints, opportunities in the global as
well as regional markets of medical device outsourcing market. The market analysis covers
major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the
World (RoW). The market size and forecasts are also given for these regions. Countries with
major market revenues are covered for each of the region.
Furthermore, this report provides insights into the market using analytical tools such as
Porter’s five forces analysis and DRO analysis of medical device outsourcing market.
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