Medical devices outsourcing is the process of contracting with a third party for performing business functions like product design, manufacturing, prototyping, and supply chain management. These functions were initially carried out internally by medical companies. By offering third party manufacturers to perform these processes, medical device manufacturers can focus on their core competencies like clinical and technical innovations.
The medical devices outsourcing market is experiencing tremendous growth as many manufacturers are opting to outsource their device manufacturing process. The demand for medical devices outsourcing is increasing as many new entrants are occupying the market and the supporting medical devices companies may not have sufficient staff or technology to develop competitive products.
The global medical devices service outsourcing market can be segmented into the following categories:
- Product design and development services
- Regulatory consulting services
- Product testing services
- Product implementation services
- Product upgrade services
- Product maintenance services.
The global medical devices application outsourcing market can be segmented into the following categories - Class I Medical Devices, Class II Medical Devices, and Class III Medical Devices. Based on the medical devices types, we can further segment the market into the following categories:
- Cardiovascular Devices
- Orthopedic Devices
- Radiology Devices
- Anesthesiology Devices
- Neurology Devices.
Apart from the analysisof these segments classified based on services and application, the geographic segmentationof global medical device outsourcing across the following regions is also included in the report as an aid in strategic decision making.
- North America
- RoW (Restof World)