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Reportlinker Adds Outsourcing Opportunities in the Medical Device (2009 - 2014)

NEW YORK, Nov. 30 /PRNewswire/ -- announces that a new market research report is available in its catalogue:

Outsourcing Opportunities in the Medical Device (2009 - 2014)

Report Description

Medical devices form one of the largest industries in healthcare sector with an estimated size of $250 billion in 2009 and a growth rate of 6%-8%. The industry has been outsourcing medical device manufacturing services for almost a decade now. This trend has brought about huge profit margins, which has attracted many new players. Outsourcing has helped medical device manufacturers reduce product development cost by 10% to 30%. The services outsourcing industry has also gained from the entry of new medical device manufacturing companies, as these players lack experience in the field.

Orthopedic devices hold the largest market share and cardiology devices have the highest growth rate in the medical device manufacturing industry. The increasing regulations for class 2 and class 3 devices have increased the demand for regulatory consulting services. Growing complexities in supply chain and the need for efficient management of client accounts have increased the scope of product lifecycle management solution providers in the medical devices industry. Firms offering chip designing services have also benefited from the increasing incidence of chronic diseases and the growing use of electronic and embedded systems in cardiovascular and neurology devices.

The report analyzes the outsourcing opportunities in cardiovascular, ophthalmic, oncology, dental, and neurology devices, along with a study of various tools used for developing, testing and simulation tools used for medical devices. The report categorizes the service outsourcing in medical device market as follows:

Services Market: Product design and development services, product testing and certification services, product implementation services, product maintenance services, product upgrade services and Regulatory consulting services for medical devices.

Applications Market: Class I Devices, Class II Devices and Class III Devices.


The intended audience includes:

Service outsourcing companies

Medical devices manufacturers

Consulting companies

Financial institutions

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Table of contents

Executive summary

Market overview

Trends in Global services outsourcing market for medical devices


Global services outsourcing market for medical devices, by Applications


Global services outsourcing market for medical devices

Geographic Analysis of Global services outsourcing market for medical devices

competitive landscape of Global services outsourcing market for medical devices

1 Introduction


1.2. Report description


1.4. Research Methodology

2 Summary

3 Market overview

3.1. Market overview

3.2. Industry Lifecycle

3.3. Defining Service Outsourcing Market for Medical Devices

4 Market Dynamics

4.1. Outsourcing market dynamics

4.1.1. Drivers Growing demand for quality healthcare Increasing competition in medical device manufacturing is driving the demand for outsourcing services Leveraging external expertise Reduced time-to-market Increased product recalls

4.2. Opportunities

4.2.1. Government support to secure IP property rights

4.2.2. Asian service providers obtaining certification

5 Applications market

5.1. market Overview

5.1.1. Drivers Reducing new product roll out time Increasing demand to lower healthcare costs Advancements in healthcare technologies Threat from low-cost device manufacturers Differences in regulations across the globe

5.1.2. Restraints Multiple outsourcing partners Data security issues Lack of certified outsourcing partners

5.1.3. Opportunities Growing Asian medical device markets offers opportunities for region specific outsourcing Increasing trend towards outsourcing of IT services

5.2. Class III medical devices

5.2.1. Drivers Life-critical devices offering greater scope for inclusion of IT based solutions

5.3. Class II medical devices

5.3.1. Drivers Stringent government regulations Growing complexity in design

5.4. Class I medical devices

5.4.1. Drivers & Restraints

5.5. Comparative Analysis of Service Outsourcing submarkets for medical devices

5.6. Cardiovascular devices

5.7. Orthopedic devices

5.8. Radiology devices


5.10. Neurology

6 Services Market

6.1. Market overview

6.1.1. Market trend: Emergence of end-to-end solution providers

6.2. Product design and development services

6.2.1. Drivers & Opportunities Reduction in costs & time-to-market Huge earning opportunities through IP rights Entry of new players in medical device industry

6.3. Regulatory Consulting Services

6.3.1. Computer system validation services 510(K) PMA (Premarket approvals) CE Mark

6.3.2. Drivers Reduces time to obtain approvals Facilitates entry into new geographies

6.4. Product Testing Services

6.4.1. Reduces chances of product recalls

6.5. Product Implementation services

6.6. Product upgrade services

6.7. Product Maintenance services

7 Competitive landscape

7.1. Overview

8 Geographic Analysis

8.1. Overview

8.2. North America

8.2.1. market trends Intense competition and need for cost containment Highly regulated market

8.3. Europe

8.4. Asia Pacific

8.4.1. market trends Setting up of SEZs Initiatives towards IPR protection

9 Essential Certifications for Outsourcing

9.1. Overview

9.1.1. ISO 13485:2003

9.1.2. ISO 9001:2000

9.1.3. ISO 14971

9.1.4. FDA 21 CFR PART 820:

10 company profiles

10.1. Accellent

10.2. Avail Medical Product Inc.

10.3. Benchmark Electronics, Inc.

10.4. Claricode

10.5. Code Refinery

10.6. Epic System

10.7. Etq

10.8. Infosys

10.9. HCL

10.10. Intertech Engineering Associates Inc.

10.11. Lake Region Medical Ltd.

10.12. Lynuxworks

10.13. MDCI

10.14. MedTech Development

10.15. MedTech Group

10.16. Oracle

10.17. Patni Computer Systems Ltd.

10.18. Persistent Systems

10.19. Pilgrim Software Inc.

10.20. PTC

10.21. RTEmd

10.22. Sterling Tech Software

10.23. Toltec International

10.24. Wipro


1 Ophthalmic Medical Devices

2 ORTHOPEDIC Medical Devices

3 Neurology Medical Devices

4 Radiology Devices

5 Gastroenterology - Urology Medical Devices

6 Hematology Medical devices list

7 Dental Medical Devices

List of Tables

Summary Table global services outsourcing market for medical devices 2007-2014 ($Millions)

Table 1Major players in medical devices market and their product portfolio

Table 2 Global Services outsourcing market for medical devices, By Applications 2007-2014 ($Millions)

Table 3 Global Services outsourcing market for medical devices, By Geography 2007-2014 ($Millions)

Table 4 Global services outsourcing market for Class III medical devices, by Geography 2007-2014 ($Millions)

Table 5 Global services outsourcing market for Class II medical devices, by geography 2007-2014 ($Millions)

Table 6 Global services outsourcing market for Class I medical devices, by geography 2007-2014 ($Millions)

Table 7 medical device Services outsourcing market, By application 2007-2014 ($MILLIONS)

Table 8 Global presence of key cardiovascular device manufacturers

Table 9 Segmentation of global orthopedic devices market

Table 10 Global presence of key orthopedic device manufacturers

Table 11 Segmentation of global medical radiology devices market

Table 12 Outsourcing Services provided by various companies

Table 13 Global service outsourcing market IN medical devices, 2007-2014 ($Millions)

Table 14 Global services outsourcing market for medical devices, By Geography 2007-2014 ($Millions)

Table 15 Global services outsourcing market for medical device design and development, by geography 2007 2014 ($Millions)

Table 16 Global regulatory consulting services market for medical devices, by geography 2007-2014 ($Millions)

Table 17 Global services outsourcing market for medical device testing, by geography 2007-2014 ($Millions)

Table 18 Global services outsourcing market for medical device implementation, by geography 2007-2014 ($millions)

Table 19 Global services outsourcing market for medical device upgrades, by geography 2007-2014 ($millions)

Table 20 Global services outsourcing market for medical device maintenance, by geography 2007-2014 ($Millions)

Table 21 Alliances, acquisitions and partnerships in the services outsourcing market for medical Devices (2007 - 2009)

Table 22 New developments in the service outsourcing market for medical devices (2007-2009)

Table 23 North American services outsourcing market for medical devices 2007-2014 ($millions)

Table 24 European services outsourcing market for medical devices 2007 - 2014 ($millions)

Table 25 Asian services outsourcing Market for medical devices 2007-2014 ($Millions)

List of Figures

Figure 1 Market Participants in Outsourced Medical Device manufacturing industry

Figure 2 Product lifecycle of medical devices

Figure 3 Industry Lifecycle of Service Outsourcing for medical devices


Figure 5 Global Service Outsourcing market for medical devices, by applications (2009)

Figure 6 Global Service Outsourcing Market for medical devices, By Geography (2009)

Figure 7 Factors impacting outsourcing in medical devices

Figure 8 Impact of Time-to-market on revenues

Figure 9 FDA classification of Medical devices

Figure 10 Global market share of top 10 medical device manufacturers

Figure 11 Medical device approval process

Figure 12 Comparative analysis of service outsourcing markets for medical devices

Figure 13 Global market shares of key orthopedic device manufacturers*

Figure 14 Global market shares of key medical radiology device manufacturers

Figure 15 outsourced services & benefits to manufacturers

Figure 16 Structure of strategic Alliances in the industry

Figure 17 Global services outsourcing market for medical devices

Figure 18 North American service outsourcing Market for medical devices

Figure 19 European service outsourcing market for medical devices

Figure 20 European medical device market

Figure 21 Asian service outsourcing Market for medical devices

Figure 22 Asia Medical device market split

Figure 23 Requirements for ISO 13485

Figure 24 Requirements for ISO 9001:2000

Figure 25 Risk Management Process

To order this report:

Medical devices Industry: Outsourcing Opportunities in the Medical Device (2009 - 2014)

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Contact: Nicolas Bombourg
US: (805)652-2626
Intl: +1 805-652-2626

SOURCE Reportlinker

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