Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Contract manufacturing is a form of outsourcing in which a company produces whole products or a single part a larger product. This is true in the medical device industry, as well as Original Equipment Manufacturer (OEM) of medical devices is companies that focus on a particular area of expertise, such as molding, assembly, or R&D design. A manufacturing company makes medical devices or components of medical devices that can be later sold by another company are called as medical device contract manufacturing. Medical device contract manufacturers typically specialize in a particular process or activity and can provide expertise based on their manufacturing experience. Product concept and development, process validation and verification, production, or highly specialized manufacturing, and packaging are some of the services provided to customers, clients, and inventors of medical devices. They can also handle the supply and delivery of goods to the final customer.
The COVID-19 pandemic has adversely affected the major businesses worldwide. Due to the strictly imposed lockdown worldwide production cycles and supply chains across industries were disrupted. The medical device industry has faced immense challenges in eradicating the pandemic. The medical device contract manufacturing market was affected as the demand for medical devices for elective procedures had fallen where the demand for medical devices such as ventilators and respirators has grown thereby improving the growth prospects for medical device contract manufacturers. The increasing adoption of technologically advanced products is propelling the market growth.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global medical device contract manufacturing market. In addition, complete analysis of changes on the global medical device contract manufacturing market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. There is a negative impact of COVID-19 pandemic as the demand for medical devices for elective procedures has fallen but also, the demand for medical devices such as ventilators and respirators has grown which gives a lift to the growth prospects for medical device contract manufacturers market.
The microbial air sampler market comprises of different market segment like by device type, services type, product type, class of device and country.
The North America medical device contract manufacturing is available in market according different type including IVD devices {IVD consumables, IVD equipment}, diagnostic imaging devices, cardiovascular devices, drug delivery devices {infusion sets and administration sets, syringes, inhalers, autoinjectors & pen injectors}, orthopedic devices, ophthalmology devices, diabetes care devices, dental devices, endoscopy devices, respiratory care devices, surgical devices, gynecology/urology devices, personal care, neurology devices. An IVD devices is an in vitro diagnostic medical device(IVD) includes reagents, reagent products, calibration materials, control materials, kits, instruments, apparatus, equipment, and systems that are intended for use in the examination of specimens taken from the human body (tissue, blood, urine, etc.) to diagnose diseases, to monitor a person’s state of health, or to monitor therapeutic procedures.
The North America medical device contract manufacturing has different service such as device development and manufacturing services, device manufacturing services, process development services, device engineering services, quality management services, packaging validation services, inspection and testing services, sterilization services. The use of single use disposable medical devices is increasing and is expected to boost the growth of device development and manufacturing services segment in the medical device contract manufacturing market in North America region. Medical device manufacturing is growing and improving with new technologies solving long-standing problems while new issues arise to be addressed. Various important trends are expected to influence the industries growth in the forecast period.
The North America medical device contract manufacturing has various product types such as raw materials, electronics, and finished goods. Raw materials are the basic components that are used and are utilized to make finished goods. Alloys, ceramics, and gels are some of the additives that available to organizations manufacturing medical technology. Electronic manufacturing services (EMS) are important part as it keeps both the consumer and commercial economy turning, and the top companies get a decent bulk of their business from the medical device industry. The service may vary from providing individual components used to manufacture devices, to full-scale production services designed to scale up the supply so as to meet the increased demand of the product.
The North America medical device contract manufacturing market has following class of devices such as Class I, Class II, Class III. Class I devices have a low impact on patients overall health and it does not come into contact with the patients organs, the central nervous system or the cardiovascular system. Class I devices are subject to the fewest regulatory requirements. The major difference between a class I and class II medical device is its risk level. Class II devices are intermediate-risk devices for which general controls are not sufficient to ensure safety and effectiveness as these devices meets the general controls as well as special controls. Innovation in Class III medical devices is increasing which is subsequently boosting the growth of the development and production of complex products such as pacemakers and implantable medical devices.
North America medical device contract manufacturing market is studied for the following countries like United States, Canada and Mexico. Governments in several countries are encouraging players to integrate 4.0 in their manufacturing processes to further boost the development of technologically advanced medical devices. With the increasing adoption of Industry 4.0 technologies in manufacturing critical and complicated medical devices and advance technology is expected to grow significantly in the forecast period. The increasing healthcare awareness amongst population and adoption of advanced technologies is boosting the growth of the medical device contract manufacturing market in the North America region.
The key players in medical device contract manufacturing market are Jabil Inc., Flex Ltd., Plexus Corp., Sanmina Corporation, Integer Holdings Corporation, Celestica Inc., Gerresheimer Ag, Te Connectivity Ltd., Nipro Corporation, West Pharmaceutical Services, Inc., Benchmark Electronics Inc., Recipharm Ab, Kimball Electronics, Inc., Nortech Systems Incorporated, Nemera Development Sa, Viant Medical Holdings, Inc., Tecomet, Inc., Smc Ltd., Phillips-Medisize Corporation, Tessy Plastics Corp, Carclo Plc, Nolato Gw, Inc. (A Part Of Nolato Ab), Mehow, Tekni-Plex and Peter’S Technology among others.
November 2020, Nipro Corporation (Japan) acquired Venari Medical’s (Ireland) exclusive sales rights for a vascular treatment device developed by Venari Medical in Japan and overseas
October 2020, Nemera (France) acquired Copernicus (Poland) to become a leading patient-centric drug device combination solutions company. This acquisition will bolster the company’s production capabilities and expand its product portfolio
September 2020, Nipro Corporation established its sales offices in Xi'an, Wuhan, Hefei, and Xiamen. The new offices will further strengthen the company’s sales and service network in China to provide more community-based, meticulous services and respond to the needs of the medical scene, thereby enhancing the presence of the “Nipro brand”
January 2020, Nipro Asia Pte Ltd. (Singapore) acquired JMI Marketing (Bangladesh) to secure a large market share in Bangladesh’s rapidly growing economy for disposable medical devices, including infusion sets, syringes, and IV catheters
The report analyses the medical device contract manufacturing market based on by device type, services type, product type, class of device and country. The North America medical device contract manufacturing is available in market according different type including IVD devices {IVD consumables, IVD equipment}, diagnostic imaging devices, cardiovascular devices, drug delivery devices {infusion sets and administration sets, syringes, inhalers, autoinjectors & pen injectors}, orthopedic devices, ophthalmology devices, diabetes care devices, dental devices, endoscopy devices, respiratory care devices, surgical devices, gynecology/urology devices, personal care, neurology devices. An IVD devices is an in vitro diagnostic medical device that includes that includes calibration materials, control materials, kits, instruments, apparatus, equipment, and systems that are used for examination of specimen sample. The global medical device contract manufacturing has different service such as device development and manufacturing services, device manufacturing services, process development services, device engineering services, quality management services, packaging validation services, inspection and testing services, sterilization services. The use of single use disposable medical devices is increasing and is expected to boost the growth of device development and manufacturing services segment in the medical device contract manufacturing market in North America region. The global medical device contract manufacturing has various product types such as raw materials, electronics, and finished goods. Raw materials are the basic components that are used and are utilized to make finished goods. The global medical device contract manufacturing market has following class of devices such as Class I, Class II, Class III. Class I devices have a low impact on patients overall health and it does not come into contact with the patients organs, the central nervous system or the cardiovascular system. North America medical device contract manufacturing market is studied for the following countries like United States, Canada and Mexico.
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