DUBLIN, Sept. 14, 2022 /PRNewswire/ — The "Medical Device Outsourcing Market Size, Share & Trends Analysis Report by Application (Cardiology, General & Plastic Surgery, IVD), by Service (Contract Manufacturing, Quality Assurance), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global medical device outsourcing market size is expected to reach USD 292.93 billion by 2030, registering a CAGR of 12.1% during the forecast period. The rising demand for advanced medical products and a growing trend of offshoring are fueling the growth of this market.
Various initiatives by public organizations promoting testing for COVID-19 are also enhancing market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public that is becoming burdensome to handle. To meet the regulatory scenario, various services like regulatory consulting are being utilized by the industry players.
For example, the European Medical Device Regulation undertake special spontaneous inspection of outsourced products to test the quality as well as conformity with standards. Contract manufacturers, especially in developed countries like the U.S., EU nations, and Japan, comply with the international standards for a quality management system, which makes them a preferred option as compared with contract manufacturers in India and China.
However, regulatory changes anticipated in developing countries ensure compliance by contract manufacturers. The demand for regulatory compliance is expected to boost the growth of consulting services, such as remediation, compliance, and QMS, thereby contributing to the growth of the market.
Medical Device Outsourcing Market Report Highlights
Market Dynamics
Market Drivers
Market Restraints
Industry Challenges
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Medical Device Outsourcing Market: Variables, Trends & Scope
Chapter 4 Medical Device Outsourcing Market: Services Segment Analysis
Chapter 5 Medical Device Outsourcing Market: Application Segment Analysis
Chapter 6 Medical Device Outsourcing Market: Regional Analysis
Chapter 7 Competitive Analysis
Chapter 8 Company Profiles
Chapter 9 KOL Commentary
Chapter 10 Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/1ox4l0
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