Medical Device Contract Manufacturing: World Market Outlook 2011-2021
NEW YORK, Dec. 27, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Medical Device Contract Manufacturing: World Market Outlook 2011-2021http://www.reportlinker.com/p0739373/Medical-Device-Contract-Manufacturing-World-Market-Outlook-2011-2021.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Devices
Report Details
The medical device industry has witnessed explosive growth in recent years. According to visiongain estimates, the global market was worth $236.1bn in 2010. Much of this growth is linked to the rising prevalence of diseases worldwide, most notably cardiac and neurological disorders. As most of the prominent companies in the industry operate globally, the growth of the industry is highly dependent on the economic conditions prevailing in the international market. As a result, the industry was not immune to the recent global recession and faced numerous issues including price/volume concerns, healthcare reforms and a more restrictive regulatory environment. Responding to pricing pressure remains a key concern for companies in the medical device industry. The governmental effort to contain healthcare costs and the continuing pressure from hospitals and health systems to renegotiate on pricing due to potential medical reimbursement cuts, have increased pressure on medical device manufactures to rework their pricing strategies. One such strategy employed by medical devices companies to cut costs includes outsourcing.
The medical device industry has been using outsourcing for almost a decade and this has allowed original equipment manufacturers (OEMs) to cut product development costs by up to 30%. These outsourcing companies are becoming more and more sophisticated and diverse as they continue to grow their core areas of expertise. As a result, medical device outsourcing companies can offer services ranging from product development, design, manufacturing, engineering, and pre-clinical testing to supply chain management (sterilisation, packaging and warehousing).
Our latest pharma report - Medical Device Contract Manufacturing: World Market Outlook 2011-2021 - examines the global medical device and contract manufacturing markets over the next decade, providing detailed market forecasts for three main segments of the contract manufacturing market - material processing, electronics, and finished products. The report analyses recent trends in this market and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report offers in-depth analysis of the opportunities and challenges facing companies in the market throughout the world. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the industry, while the analysis is underpinned by original interviews with experts within the medical device contract manufacturing market.
Detailed analysis of the global Medical Device Contract Manufacturing Market
Medical Device Contract Manufacturing: World Market Outlook 2011-2021examines that sector critically, through a comprehensive review of information sources, both primary and secondary. In our report you find revenue forecasts, growth rates and market shares. You also receive qualitative analyses, opinions from our survey and a review of companies. Discover 64 tables and charts and a research interview (shown in the accompanying lists).
Why you should buy Medical Device Contract Manufacturing: World Market Outlook 2011-2021
In this report, you will receive the following benefits in particular:• You will receive our assessment of the current market for medical device contract manufacturing, with respect to the leading segments, products, companies and national markets• You will discover sales trends for the overall medical device contract manufacturing market from 2011 to 2021 - seeing where commercial growth will occur• You will discover sales trends for the main segments - materials processing, electronic manufacturing services, and finished products - from 2011 to 2021, with detailed discussions of market potential• You will receive sales forecasts for leading geographical markets (US, Japan,Germany, France, Italy, Spain, UK, China and India), with informed discussion• You will assess leading contract manufacturing organisations in the medical device contract manufacturing market• You will examine the strengths, weaknesses, opportunities and threats (SWOT analysis) facing the medical device contract manufacturing market from 2011 onwards• You will be able to investigate competition and opportunities influencing the medical device contract manufacturing market from 2011 onwards• You will see what will stimulate and restrain the market from 2011• You will discover the unmet needs in the market, driving the growth from 2011 onwards• You will view expert opinion from our survey, including full interview transcripts.
You can order this report today
Order our report now to gain industry and market analysis for contract manufacturing.Our report is for everybody needing industry and market analysis for medical device contract manufacturing. Find trends and answers. Avoid missing out - please order our report now.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
Table of Contents1.1 Sector Highlights
1.2 Aims, Scope and Format of the Report
1.3 Chapter Outline
1.4 Research and Analysis Methods
1.5 Glossary of Terms Related to the Report
2. Introduction to Medical Device Contract Manufacturing2.1 Medical Devices2.2 Classification of Medical Devices2.2.1 The US Classification System2.2.2 The European Classification System2. 3 Regulation of Medical Devices2.3.1 The US Approval and Regulation System2.3.2 The European Approval and Regulatory System2.4 The Medical Device Industry2.5 Medical Device Outsourcing2.6 Medical Device Contract Manufacturing2.6.1 Reasons for Outsourcing Manufacturing2.6.1.1 Focusing on Core Competencies2.6.1.2 Shorter time to Market2.6.1.3 Tactical & Strategic2.6.1.4 Lower Fixed Operating Costs2.6.2 Reasons for Keeping Projects In-House2.7 Service Agreement2.7.1 Identifying CMOs2.7.2 Contractual Agreement2.7.3 Review of the Quality Manual2.7.4 Audit and Site Visits2.8 Final Discussions2.8.1 Product Requirement Specifications2.8.2 Term Sheets and Supply Agreements2.8.3 Project Management
3. The Medical Device Contract Manufacturing Market, 2010-2021
3.1 The Global Medical Device Market, 2010
3.2 Cost of Goods Sold (COGS) for Device OEMs
3.3 Medical Device Outsourcing
3.3.1 Medical Device Outsourcing Segments
3.4 Medical Device Contract Manufacturing Market, 2010
3.4.1 Medical Device Contract Manufacturing Market Segments, 2010
3.5 Growing Demand for Medical Devices will Drive the Contract Manufacturing Market
3.6 Medical Device Contract Manufacturing Market Forecast, 2011-2021
3.6.1 Material Processing
3.6.1.1 Materials Processing Market, 2010-2021
3.6.2 Electronics/ Electronic Manufacturing Services (EMS)
3.6.2.1 Medical EMS Market by Segments, 2010
3.6.2.2 Electronics Outsourcing Market, 2011-2021
3.6.3 Finished Products
4. Leading Contract Manufacturing Organisations in 20114.1 A Highly Fragmented Market4.2 Accellent Inc.4.2.1 Revenues and Recent Performance Analysis, 20104.2.2 Business Capabilities4.2.3 Asia Expansion4.3 Flextronics4.3.1 Revenue and Recent Performance Analysis, 20104.3.2 Medical Certification Award Enhances Company Portfolio4.4 Symmetry Medical4.4.1 Revenue and Recent Performance Analysis, 20104.4.2 Total Solutions Approach4.4.3 Acquisition of Olsen Medical4.5 The Tech Group (Part of the West Pharmaceutical Services Company)4.5.1 Revenues and Recent Performance Analysis, 20104.5.2 Focusing on Research & Development4.6 Greatbatch Inc.4.6.1 Revenue and Recent Performance Analysis, 20104.6.2 Capital Investment will Prompt Future Growth4.7 Nortech Systems Inc.4.7.1 Revenue and Recent Performance Analysis, 20104.7.2 Nortech Life Sciences4.7.3 Acquisitions Contributed to 33% Increase in Net Revenues in Q1, 20114.8 Other Companies and Services
5. Leading National Contract Manufacturing Markets, 2010-2021
5.1 Breakdown of the World Medical Device Contract Manufacturing Market, 2010
5.2 The U.S Market
5.3 The European Market
5.3.1 Germany and France
5.3.2 Italy
5.3.3 Spain
5.3.4 U.K
5.4 The Japanese Market
5.5 The Indian Market
5.6 The Chinese Market
5.7 Rest of the World
6. SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-20216.1 Contract Manufacturing Industry Trends6.2 Strengths6.2.1 Outsourcing on the Rise6.2.2 Focus on Core Competencies6.2.3 Access to Specialised Technologies6.3 Weaknesses6.3.1 Considerable Risk6.3.2 Lack of Communication6.3.3 Highly Fragmented Market6.4 Opportunities6.4.1 Globalisation6.4.1.1 Growth in Asia6.4.2 Medical Device Excise Tax: An Opportunity for the Contract Manufacturers6.5 Threats6.5.1 FDA Changes6.5.2 Medical Device Excise Tax: A Threat to the OEMs
7. Expert Opinion
7.1 Interview with Marketing Manager, Creganna-Tactx Medical
7.1.1 The Medical Device Contract Manufacturing Industry
7.1.2 Industry Mergers & Acquisitions
7.1.3 Industry Threats
7.1.4 The Future Medical Device Contract Manufacturing Industry
8. Conclusions8.1 Overview8.2 Electronic Manufacturing Services will Witness Strong Growth8.3 Prominent Companies in the Market8.4 Outsourcing and Offshoring will Become a Strategic Necessity8.5 Future Outlook and Concluding Remarks
Appendix A
Appendix B
Visiongain report evaluation form
List of TablesTable 2.2 Tactical and Strategic Reasons for Outsourcing Manufacturing, 2010
Table 3.1 The Medical Device Market ($bn) by Sector, 2010
Table 3.2 Medical Device Market: COGS, 2010
Table 3.3 Spending on In-house and Outsourced Device Manufacturing, 2010
Table 3.4 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
Table 3.5 Global Medical Devices Market Forecast ($bn): 2010-2021
Table 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
Table 3.7 Some Companies Offering Moulding Services to Medical Devices OEMs, 2011
Table 3.8 Material Processing Market Forecast ($bn): 2010-2021
Table 3.9 Industries Served by EMS Providers: Market Sales ($bn) and Market Shares (%), 2010
Table 3.10 Some Companies Offering EMS to Medical Device OEMs, 2011
Table 3.11 Medical EMS Market ($bn) by Segment, 2010
Table 3.12 EMS Market Forecast ($bn): 2010-2021
Table 3.13 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
Table 4.1 Leading Companies in the Medical Device Contract Manufacturing Market, Revenues ($m), 2010
Table 4.2 Accellent Financial Quarter Results ($m), 2009 & 2010
Table 4.3 Accellent Q2 Financial Results ($m), 2010 & 2011
Table 4.4 Flextronics Quarterly Financial Results ($bn), 2009 & 2010
Table 4.5 Symmetry Medical Revenues ($m) by Business Segments, 2010
Table 4.6 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
Table 4.7 Greatbatch Revenues ($m) by Business Segment, 2010
Table 4.8 Greatbatch Total Revenues ($m), 2006-2010
Table 4.9 Nortech Systems Revenues ($m), 2009 & 2010
Table 4.10 Other Companies involved in Medical Device Contract Manufacturing, 2010
Table 5.1 Medical Device Contract Manufacturing Market ($bn) by Region, 2010
Table 5.2 Leading Medical Device Contract Manufacturing National Market Forecasts ($bn), 2010-2021
Table 5.3 The European Medical Device Contract Manufacturing Market ($bn), 2010
Table 5.4 The European Medical Device Contract Manufacturing Market Forecasts ($bn) by Leading Countries, 2010-2021
Table 6.1 SWOT Analysis of the Medical Device Contract Manufacturing Market, 2011-2021
Table 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
List of FiguresFigure 3.1 The Medical Device Market Share (%) by Sector, 2010
Figure 3.2 Share (%) of Spending on In-house and Outsourced Device Manufacturing, 2010
Figure 3.3 Medical Device Contract Manufacturing Market ($bn) by Segment, 2010
Figure 3.4 Medical Device Contract Manufacturing Market Shares (%) by Segments, 2010
Figure 3.5 Global Medical Device Market Forecast ($bn): 2010-2021
Figure 3.6 Medical Device Contract Manufacturing Market Forecast ($bn): 2010-2021
Figure 3.7 Medical Device Contract Manufacturing Segment Forecasts ($bn): 2010-2021
Figure 3.8 Material Processing Market Forecast ($bn): 2010-2021
Figure 3.9 Industries Served by EMS Providers: Market Share (%), 2010
Figure 3.10 Market Shares (%) of Leading Segments in the Medical EMSMarket, 2010
Figure 3.11 EMS Market Forecast ($bn): 2010-2021
Figure 3.12 Finished Products Outsourcing Market Forecast ($bn): 2010-2021
Figure 4.1 Accellent Financial Quarter Results ($m), 2009 & 2010
Figure 4.2 Accellent Q2 Financial Results ($m), 2010 & 2011
Figure 4.3 Flextronics Quarterly Revenue Change (%), 2009-2010
Figure 4.4 Symmetry Medical Revenue Share (%) by Business Segment, 2010
Figure 4.5 The Tech Group Revenues ($m) by Fiscal Year, 2009 & 2010
Figure 4.6 Greatbatch Revenue Shares (%) by Business Segment, 2010
Figure 4.7 Greatbatch Total Revenues ($m), 2006-2010
Figure 4.8 Nortech Systems Total Revenues ($m), 2009 & 2010
Figure 5.1 Market Shares (%) of Leading Regions/Countries in the Medical Device Contract Manufacturing Market, 2010
Figure 5.2 The US Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.3 The European Medical Device Contract Manufacturing Market Share (%), 2010
Figure 5.4 The European Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.5 French and German Medical Device Contract Manufacturing Market Forecasts ($bn), 2010-2021
Figure 5.6 Italian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.7 Spanish Medical Device Contract Manufacturing Market ($bn) Forecast, 2010-2021
Figure 5.8 The UK Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.9 Japanese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.10 Indian Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 5.11 Chinese Medical Device Contract Manufacturing Market Forecast ($bn), 2010-2021
Figure 8.1 Medical Device Contract Manufacturing Market ($bn), 2010, 2016, 2018 and 2021
Companies Listed
AccellentAccuPlace Advanced Moulding TechnologiesAdvanced Scientifics AdvantaPureATEK MedicalB. Braun Medical Ltd. BC Tech Inc. Benchmark ElectronicsBoston ScientificCentre for Devices and Radiological Health (CDRH)Cirtech Medical SystemsC&J Industries CoeurCogent TechnologyCogmedixCreganna-Tactx MedicalDa/Pro RubberDTR Medical DTS MechelecElectrochem MedicalEuroplazFiltertek Inc.FlextronicsFood and Drug Administration (FDA)Forefront Medical TechnologyFoxconn Vanguard-EMSGreatbatch Inc. GW Plastics Inc.HEI Inc.Helix Medical Heraeus Medical Integrated BiosciencesInternational Organization for StandardizationIntriMed TechnologiesJabil CircuitJ-PacKimball Electronics GroupKitron MedefabMediConceptsMedisizeMeKo Medical MemryMoogNational Competent Authorities (NCA)Nortech SystemsOlsen MedicalOrchid Orthopedic SolutionsPCI LimitedPlexus CorporationSanbor MedicalSanmina-SCI CorporationSauflonSecant Medical SMS Technologies SpartonSymmetry Medical The Electrolizing Corporation of OhioThe Tech Group Tricor Systems Inc.TT ElectronicsVention MedicalVenture Manufacturing Group Vincent MedicalWesley-CoeWest Pharmaceutical ServicesWinland Electronics Wytech
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