DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "U.S. Medical Device Outsourcing Market Analysis By Application, By Services And Segment Forecasts To 2022" report to their offering.
The U.S. medical device outsourcing market is expected to reach USD27.8 billion by 2022. Increasing geriatric population base, surgical procedures and demand for cost curbing tools are some key growth drivers for the U.S. medical device outsourcing market.
The medical device industry has become competitive and categories such as coronary stents, orthopedic devices, and wound care are moving towards maturity. As high-impact scientific innovation in the above categories is difficult to identify, smaller companies are gaining market share by offering low prices and introducing innovative business models.
Due to the convergence of mounting challenges and changing market dynamics, many medical device manufacturers have opted for outsourcing business models to reduce cost, manage business risks, and improve service delivery. All the aforementioned facts are hence expected to propel market growth over the forecast period.
Class II medical devices are expected to dominate the overall market throughout the forecast period, with revenue share estimated at over 48.0% in 2022. Relatively lower associated risk levels compared to class III devices coupled with increasing demand for self care equipment such as powered wheelchairs, infusion pumps etc. are expected to boost the segment growth over the forecast period.
- Accellent Inc.
- Active Implants Corporation LLC
- MDMI Technologies Inc.
- Kinetics Climax, Inc
- Omnica Corporation
- Teleflex Medical OEM
- Avail Medical Products, Inc.
1 Methodology and Scope
2 Executive Summary
3 Medical Device Outsourcing Industry Outlook
4 U.S. Medical Device Outsourcing Application Outlook
5 Medical Device Outsourcing Service Outlook
6 Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/6dxrcv/u_s_medical