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Medical Device Outsourcing Market by Product (Raw Materials, Electronics, and Finished Goods), by Device Type (Class I, II, and III Devices), by Application (Orthopedic & Spine, Cardiovascular, Radiology, and General Medical Devices), and Service (Prototype Development, Finished Device Manufacturing, Assembly & Packaging; and Testing & Regulatory Support Services) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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LI_171436
Pages: 150
Sep 2017 | 2221 Views
 
Author's : Prateeksha Kaul & Pallavi Jaiswal
Tables: 50
Charts: 62
 

Medical Device Outsourcing Market Overview:

Global Medical Device Outsourcing Market was valued at $44,326 million in 2016, and is estimated to reach $83,952 million by 2023, growing at a CAGR of 9.5% from 2017 to 2023. Outsourcing of medical devices gains wide acceptance among original equipment manufacturers these days. Increase in pressure on the manufacturers to reduce the overhead expenses and operational costs while maintaining quality of healthcare services drives the market growth. In addition, benefits such as reduction of production time, which ensures early entry of product into the market coupled with the need to meet the regulatory standards, boost the market growth. However, this poses threat to the security of the confidential information of the company, which impedes the market growth.

Rise in Geriatric Population

There is an increase in the number of aging population worldwide. According to a WHO report, around 524 million people were above 65 years in 2010, and the number is expected to reach 1.5 billion by 2050; which is estimated to constitute about 16% of the total world population. Moreover, there is a positive correlation between elderly individuals and increase in incidence of disorders such as cardiovascular, neurological, and orthopedics. Hence, increase in geriatric population is expected to have a positive impact on the market.

Growth in Asia-Pacific Region

Asia-Pacific offers lucrative opportunities for the market growth, owing to presence of large pool of patients suffering from disorders, such as cardiac and neurological. In addition, most of the medical device companies opt to manufacture their devices in Asia, which is primarily attributed to the low labor costs, improvement in technical knowledge, and low overhead costs. Thus, all these factors cumulatively have increased the outsourcing market in Asia.

Benefits of Outsourcing

The market for outsourcing witnesses a huge increase owing to the benefits, which include reduction in overall cost and decrease in the time required for the product to enter into the market. In addition, outsourcing also allows the companies to focus on their core activities such as marketing of the product or device.

The global medical device outsourcing industry is segmented on the basis of product, regulation, application, service, and region. Based on product, the market is divided into electronics, finished goods, and raw materials. On the basis of device type, the market is classified into class I, II, and III devices. By application, it is categorized into orthopedics & spine, cardiovascular, radiology, general medical devices, and others. Based on services provided by the companies, it is segmented into prototype development, finished device manufacturing, assembly and packaging, and testing and regulatory support services. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key companies operating in the market include Celestica, Inc., Creganna, Flextronics International Ltd., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., Plexus Corp., Sanmina Corporation, Tecomet, Inc., and West Pharmaceutical Services, Inc.

 Key Benefits:

  • The study provides an in-depth analysis of the global market, with current trends and future estimations, to elucidate the imminent investment pockets.
  • Quantitative analysis from 2016 to 2023 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

Medical Device Outsourcing Market Key Segments:

By Product

  • Finished goods
  • Electronics
  • Raw Materials

By Device Type

  • Class I Devices
  • Class II Devices
  • Class III Devices

By Application

  • Orthopedics and Spine
  • Cardiovascular
  • Radiology
  • General Medical Devices
  • Others

By Services

  • Prototype Development
  • Finished Device Manufacturing
  • Assembly & Packaging
  • Testing & Regulatory Support Services

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1. KEY BENEFITS
1.2. KEY MARKET SEGMENTS
1.3. RESEARCH METHODOLOGY

1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.1.1. Competitive intelligence of companies and their strategies

3.2.2. Top investment pockets

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Increase in incidence of disorders
3.3.1.2. Rise in geriatric population
3.3.1.3. Adherence to quality standards
3.3.1.4. Reduction in cost to market
3.3.1.5. Rapid marketing of products

3.3.2. Restraints

3.3.2.1. Threat of loss of confidential information
3.3.2.2. Reimbursement policies

3.3.3. Opportunity

3.3.3.1. Affordable outsourcing facilities in developing nations

3.3.4. Impact analysis

3.4. MARKET SHARE ANALYSIS, 2016

Chapter: 4 MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. ELECTRONICS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. RAW MATERIALS/COMPONENTS

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast

4.4. FINISHED GOODS

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. CLASS I DEVICE

5.2.1. Market size and forecast

5.3. CLASS II DEVICE

5.3.1. Market size and forecast

5.4. CLASS III DEVICE

5.4.1. Market size and forecast

Chapter: 6 MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. ORTHOPEDICS & SPINE

6.2.1. Market size and forecast

6.3. CARDIOVASCULAR

6.3.1. Market size and forecast

6.4. RADIOLOGY

6.4.1. Market size and forecast

6.5. GENERAL MEDICAL DEVICES

6.5.1. Market size and forecast

6.6. OTHERS

6.6.1. Market size and forecast

Chapter: 7 MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. PROTOTYPE DEVELOPMENT

7.2.1. Market size and forecast

7.3. FINISHED DEVICE MANUFACTURING

7.3.1. Market size and forecast

7.4. ASSEMBLY & PACKAGING

7.4.1. Market size and forecast

7.5. TESTING & REGULATORY SUPPORT SERVICES

7.5.1. Market size and forecast

Chapter: 8 MEDICAL DEVICE OUTSOURCING MARKET, BY REGION

8.1. OVERVIEW

8.1.1. Market size and forecast

8.2. NORTH AMERICA

8.2.1. Key market trends
8.2.2. Growth factors and opportunities
8.2.3. Market size and forecast

8.2.3.1. U.S. market size and forecast
8.2.3.2. Canada market size and forecast
8.2.3.3. Mexico market size and forecast

8.3. EUROPE

8.3.1. Key market trends
8.3.2. Growth factors and opportunities
8.3.3. Market size and forecast

8.3.3.1. Germany market size and forecast
8.3.3.2. France market size and forecast
8.3.3.3. UK market size and forecast
8.3.3.4. Italy market size and forecast
8.3.3.5. Spain market size and forecast
8.3.3.6. Rest of Europe market size and forecast

8.4. ASIA-PACIFIC

8.4.1. Key market trends
8.4.2. Growth factors and opportunities
8.4.3. Market size and forecast

8.4.3.1. Japan market size and forecast
8.4.3.2. China market size and forecast
8.4.3.3. India market size and forecast
8.4.3.4. South Korea market size and forecast
8.4.3.5. Australia market size and forecast
8.4.3.6. Rest of Asia-Pacific market size and forecast

8.5. LAMEA

8.5.1. Key market trends
8.5.2. Growth factors and opportunities
8.5.3. Market size and forecast

8.5.3.1. Brazil market size and forecast
8.5.3.2. South Africa market size and forecast
8.5.3.3. Saudi Arabia market size and forecast
8.5.3.4. Rest of LAMEA market size and forecast

Chapter: 9 COMPANY PROFILES

9.1. CARDINAL HEALTH, INC.

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments

9.2. ONEX CORPORATION

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.2.6. Key strategic moves and developments

9.3. TE CONNECTIVITY LTD.

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments

9.4. FLEX LTD.

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance

9.5. HERAEUS HOLDING GMBH

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance

9.6. INTEGER HOLDINGS CORPORATION

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments

9.7. NORTECH SYSTEMS INCORPORATED

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance

9.8. PLEXUS CORP.

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments

9.9. SANMINA CORPORATION

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance

9.10. WEST PHARMACEUTICAL SERVICES, INC.

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments

 LIST OF TABLES

TABLE 1. GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 2. MEDICAL DEVICE OUTSOURCING MARKET FOR ELECTRONICS, BY REGION, 2016-2023 ($MILLION)
TABLE 3. MEDICAL DEVICE OUTSOURCING MARKET FOR RAW MATERIALS/COMPONENTS, BY REGION, 2016-2023 ($MILLION)
TABLE 4. MEDICAL DEVICE OUTSOURCING MARKET FOR FINISHED GOODS, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE, 2016-2023 ($MILLION)
TABLE 6. CLASS I MEDICAL DEVICE OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 7. CLASS II MEDICAL DEVICE OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 8. CLASS III MEDICAL DEVICE OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 9. GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 10. ORTHOPEDICS & SPINE DEVICES OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. CARDIOVASCULAR DEVICES OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. RADIOLOGY DEVICES OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 13. GENERAL MEDICAL DEVICE OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 14. OTHER MEDICAL DEVICES OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 15. GLOBAL MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 16. PROTOTYPE DEVELOPMENT SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 17. FINISHED DEVICE MANUFACTURING SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 18. ASSEMBLY & PACKAGING SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 19. TESTING & CERTIFICATION SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 20. MEDICAL DEVICE OUTSOURCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 21. PREVALENCE OF DENTAL CARIES IN PERMANENT TEETH AMONG ADULTS (AGED 20-64) IN THE U.S., 2011-2012
TABLE 22. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, BY COUNTRY ($MILLION), 2016-2023
TABLE 23. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 24. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 25. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 26. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE, 2016-2023 ($MILLION)
TABLE 27. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 28. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 29. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 30. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 31. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE, 2016-2023 ($MILLION)
TABLE 37. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 38. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 39. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, BY SERVICE, 2016-2023 ($MILLION)
TABLE 40. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 41. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, BY DEVICE TYPE, 2016-2023 ($MILLION)
TABLE 42. CARDINAL HEALTH: COMPANY SNAPSHOT
TABLE 43. CARDINAL HEALTH: OPERATING SEGMENTS
TABLE 44. CARDINAL: PRODUCT PORTFOLIO
TABLE 45. ONEX: COMPANY SNAPSHOT
TABLE 46. ONEX: OPERATING SEGMENTS
TABLE 47. ONEX: PRODUCT PORTFOLIO
TABLE 48. TE: COMPANY SNAPSHOT
TABLE 49. TE: OPERATING SEGMENTS
TABLE 50. TE: PRODUCT PORTFOLIO
TABLE 51. FLEX: COMPANY SNAPSHOT
TABLE 52. FLEX: OPERATING SEGMENTS
TABLE 53. FLEX: PRODUCT PORTFOLIO
TABLE 54. HERAEUS: COMPANY SNAPSHOT
TABLE 55. HERAEUS: OPERATING SEGMENTS
TABLE 56. HERAEUS: PRODUCT PORTFOLIO
TABLE 57. INTEGER: COMPANY SNAPSHOT
TABLE 58. INTEGER: OPERATING SEGMENTS
TABLE 59. INTEGER: PRODUCT PORTFOLIO
TABLE 60. NORTECH SYSTEMS: COMPANY SNAPSHOT
TABLE 61. NORTECH SYSTEMS: OPERATING SEGMENTS
TABLE 62. NORTECH SYSTEMS: PRODUCT PORTFOLIO
TABLE 63. PLEXUS: COMPANY SNAPSHOT
TABLE 64. PLEXUS: OPERATING SEGMENTS
TABLE 65. PLEXUS: PRODUCT PORTFOLIO
TABLE 66. SANMINA: COMPANY SNAPSHOT
TABLE 67. SANMINA: OPERATING SEGMENTS
TABLE 68. SANMINA: PRODUCT PORTFOLIO
TABLE 69. WEST: COMPANY SNAPSHOT
TABLE 70. WEST: OPERATING SEGMENTS
TABLE 71. WEST: PRODUCT PORTFOLIO

 LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, 2014-2016
FIGURE 3. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 4. TOP COMPANIES AND THEIR STRATEGIES
FIGURE 5. DETAILED STRUCTURE OF COMPANIES AND NATURE OF STRATEGIES
FIGURE 6. DETAILED STRUCTURE OF COMPANIES AND TYPE OF STRATEGIES
FIGURE 7. TOP INVESTMENT POCKETS
FIGURE 8. IMPACT ANALYSIS, 2016-2023
FIGURE 9. MARKET SHARE ANALYSIS, FINISHED GOODS SEGMENT, 2016 (%)
FIGURE 10. MARKET SHARE ANALYSIS, ELECTRONICS SEGMENT, 2016(%)
FIGURE 11. NORTH AMERICA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023
FIGURE 12. FUSION PROCEDURES IN THE U.S.
FIGURE 13. U.S. MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 14. CANADA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 15. MEXICO MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023($MILLION)
FIGURE 16. EUROPE MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023
FIGURE 17. POPULATION STRUCTURE BY MAJOR AGE GROUPS, EU-28
FIGURE 18. GERMANY MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 19. FRANCE MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 20. UK MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 21. ITALY MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 22. SPAIN MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 23. REST OF EUROPE MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 24. ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023
FIGURE 25. JAPAN MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 26. CHINA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 27. INDIA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 28. SOUTH KOREA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 29. AUSTRALIA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 30. REST OF ASIA-PACIFIC MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 31. LAMEA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023
FIGURE 32. BRAZIL MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 33. SOUTH AFRICA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 34. SAUDI ARABIA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 35. REST OF LAMEA MEDICAL DEVICE OUTSOURCING MARKET, 2016-2023 ($MILLION)
FIGURE 36. CARDINAL HEALTH: NET SALES, 2015-2017 ($MILLION)
FIGURE 37. CARDINAL HEALTH: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 38. ONEX: NET SALES, 2014-2016 ($MILLION)
FIGURE 39. ONEX: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. ONEX: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 41. TE: NET SALES, 2014-2016 ($MILLION)
FIGURE 42. TE: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 43. TE: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 44. FLEX: NET SALES, 2015-2017 ($MILLION)
FIGURE 45. FLEX: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 46. FLEX: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 47. HERAEUS: NET SALES, 2014-2016 ($MILLION)
FIGURE 48. HERAEUS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 49. HERAEUS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 50. INTEGER: NET SALES, 2014-2016 ($MILLION)
FIGURE 51. INTEGER: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 52. INTEGER: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. NORTECH SYSTEMS: NET SALES, 2014-2016 ($MILLION)
FIGURE 54. NORTECH SYSTEMS: REVENUE SHARE BY MARKET, 2016 (%)
FIGURE 55. PLEXUS: NET SALES, 2014-2016 ($MILLION)
FIGURE 56. PLEXUS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 57. SANMINA: NET SALES, 2014-2016 ($MILLION)
FIGURE 58. SANMINA: REVENUE SHARE BY PRODUCT, 2016 (%)
FIGURE 59. SANMINA: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 60. WEST: NET SALES, 2014-2016 ($MILLION)
FIGURE 61. WEST: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 62. WEST: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Globally, there is an increase in demand for affordable medical devices coupled with the growth in need for quality healthcare services. Therefore, to meet the demands, original equipment manufacturers (OEMs) rapidly adhere to outsourcing as an effective cost curbing tool.

Upsurge in the incidence of disorders, such as spine disorders, and increase in geriatric population have led to high demand for affordable medical devices. In addition, such as it supports the early entry of the product into the market. This factor fuels the market growth.

Asia-Pacific offers lucrative opportunities for the market growth due to low labor and overhead costs in the region, rapid increase in geriatric population, and rise in incidence of chronic diseases. Thus, emerging countries, such as China and India, possess high growth potential for this market.

 

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