TechNavio recognizes the following companies as the key players in the Global Medical Device Manufacturing Services Outsourcing Market: Accellent Inc., Flextronics International Ltd., Creganna-Tactx Medical, and Greatbatch Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Outsourcing of medical device manufacturing services to emerging countries is a growing trend in the market. By outsourcing, leading medical devices companies not only take advantage of reduced costs but also position themselves to better serve the local markets of emerging countries. Reduced cost of labor, a high level of technical expertise, and funding from governments for R&D investment to accelerate new product development in emerging countries such as China, India, Malaysia, Mexico, and Brazil have made them the most favored destinations for outsourcing manufacturing services. Hence, outsourcing to emerging countries is expected to drive the Global Medical Device Manufacturing Services Outsourcing market during the forecast period.”
According to the report, one of the main drivers in this market is the advancements in healthcare technologies, which is causing the development of more complex medical devices contributing to the growth of the market.
Further, the report states that one of the major challenges in the market is stringent regulatory guidelines that need to be adhered to by outsourcing services providers for quality control and meet environmental requirements.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-medical-device-manufacturing-serv…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Medical Device Manufacturing Services Outsourcing Market 2014-2018
