Global Medical Device Outsourcing Market Size

1. Global Medical Device Outsourcing Market Size, Share, Growth Analysis, By Application, By Service, By Class, By Product, By End User - Industry Forecast 2023-2030 Medical Device Outsourcing Market size was valued at USD 125 billion in 2021 and is poised to grow from USD 127.4 billion in 2022 to 270.3 billion by 2030, growing at a CAGR of 12.1% in the forecast period (2023-2030). With an increasing demand for various types of medical equipment and devices followed by the increasing competition among major outsourcing vendors to provide state-of-the-art medical devices is largely witnessed across the global market. Additionally, the use of automation and artificial intelligence in detecting health disorders is likely to increase the need for medical devices in the healthcare industry. Owing to this, outsourcing vendors in the healthcare industry have gripped various opportunities that have resulted in developing the market substantially. Medical Device Outsourcing Market Analysis by Application By application, the cardiology segment held the largest market share in 2021, and is expected to maintain its dominance throughout the forecast period. The high

2. prevalence of several types of conditions such as angina pectoris, hypertensive heart disease, atrial fibrillation, and congenital heart disease are the major key factors anticipated to drive the growth of the segment market over the coming years. According to the World Health Organization, cardiovascular diseases are one of the major factors of death worldwide, with around 17.9 million deaths every year. Moreover, high complexity of cardiovascular devices and growing need for expertise in technical field, is likely to result in high growth of these devices in the near future. Medical Device Outsourcing Market Analysis by Service By service, the contract manufacturing segment dominated the market and accounted for a significant market share in 2021 owing to rise in focus on reduction of cost of production coupled with the increasing complexity in manufacturing process. Also, high level of product and devices inspection in innovated medical devices has created many layers of standards and regulations, which is fueling the demand for contract manufacturing services over the forecast period. View more info: https://www.skyquestt.com/report/medical-device- outsourcing-market Medical Device Outsourcing Market Top Player’s Company Profiles •Eurofins Scientific •Labcorp •Intertek Group Plc •American Preclinical Services •Mandala International •Iqvia Holdings Inc. •Plexus Corporation •Medpace Holdings Inc. About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients

3. globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter