LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global medical device manufacturing outsourcing market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous report and provide an in-depth understanding of the market segments along with a detailed analysis of the competitive vendor landscape and the impact of prominent drivers and recent trends.
The upgraded research report on the medical device manufacturing outsourcing market is an integral part of Technavio’s orthopedics and medical devices portfolio. Technavio covers an extensive range of market research reports on the orthopedics and medical devices market, covering different regions and top industry segments. Some of the topics include diabetic eye disease devices, dental services, psoriatic arthritis, patient temperature management, and periodontal dental services.
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Medical device manufacturing outsourcing market: opportunity analysis
Technavio’s previous report on the global medical device manufacturing outsourcing market projected that the Americas showed the highest potential with a market share of nearly 44% when compared to APAC and EMEA. In the Americas, the growth can be attributed to the presence of a number of medical companies in this region. Factors such as an increase in product innovations, continuous need for better therapies, and increased investments in R&D favor the positive growth of this market.
In the previous report, a senior research analyst at Technavio stated, “Among OEMs, outsourcing of medical device manufacturing is gaining significant importance, as it helps to leverage their scarce resources and maximize core competencies. The recent decrease in healthcare budget has compelled medical companies to cut operational costs and reduce their manufacturing expenses. As the process of manufacturing medical devices requires excessive labor and involves high engineering costs, the need for outsourcing will increase significantly as it helps to eliminate the need for pharmaceutical companies to hire employees and also reduces product development costs.”
Technavio’s new on the report on the global medical device manufacturing outsourcing market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Factors impeding growth
- Market opportunities
The report on the global medical device manufacturing outsourcing market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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