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Medical Device Outsourcing: Budgetary Challenges of the Healthcare System to Benefit Industry

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Dublin, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/q46zrw/medical_device) has announced the addition of the "Medical Device Outsourcing - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Medical Device Outsourcing in US$ Million by the following Device Categories: Class I, Class II, and Class III. The application areas also analyzed in the report include - Radiology, Orthopedic, Neurology, Cardiology, and Others. The report provides separate comprehensive analytics for the US Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.

The report profiles 80 companies including many key and niche players such as Accellent Inc., Advanced Scientifics Inc., Aptiv Solutions, Benchmark Electronics, Inc., Cadence, Inc, Code Refinery LLC, CregannaTactx Medical, Celestica HealthTECH, EtQ, Inc., Flextronics International, Greatbatch, Inc., HCLs Life Science, Innovative Medical Device Solutions, Intertech Engineering Associates Inc., Lake Region Medical, Memry Corporation, Millstone Medical Outsourcing, LLC, Minnetronix, Inc., Nortech Systems Inc., Plexus Corporation, Providien, RTEmd, Symmetry Medical Inc., The Tech Group, Inc., Vention Medical, Venture Manufacturing Group, Inc., and WuXiAppTec Co. Ltd.

Key Topics Covered:

I. Introduction, Methodology & Product Definitions

  • Study Reliability and Reporting Limitations I-1
  • Disclaimers I-2
  • Data Interpretation & Reporting Level I-2
  • Quantitative Techniques & Analytics I-2
  • Product Definitions and Scope of Study I-3
  • Device Category I-3
  • Application Area I-3

II. Executive Summary

1. INDUSTRY OVERVIEW II-1

  • A Primer II-1
  • Medical Device OEMs Late to Latch On to the Economics of Outsourcing II-1
  • The Future of Medical Device Outsourcing II-2
  • Recession Impact In Retrospect II-3
  • Expanding Role of Outsourcing Partners II-3
  • R&D & Post Market Engineering Support Services for Medical Devices on the Rise II-4
  • Contract Manufacturing Allow Focus on Core Competencies II-5
  • Full-Service Outsourcing Gains Preeminence II-5
  • Role of EMS in Medical Device Outsourcing II-6
  • Price Pressure on EMS Industry to Persist II-6
  • Top 10 Selection Criteria for EMS Partner Ranked by Order of Importance II-7
  • Key Market Drivers & Trends II-8
  • Rise in Disease Incidences & Access to Modern Therapeutics Foster Growth II-8
  • Rising Demand for Medical Devices Augurs Well for the Market II-8
  • Medical Device Miniaturization Drives Demand for Outsourcing Services II-9
  • Shortening Product Lifecycles, Speed to Market Will Drive Outsourcing Trend II-10
  • Protection of Intellectual Property and Licensing Rights Rises in Importance II-10
  • Budgetary Challenges of the Healthcare System to Benefit Outsourcing Services II-10
  • Shift towards Off shoring II-11
  • Consolidation Continues to Mark the Industry II-11
  • Outsourcing of IVD Device Manufacturing Gains Momentum II-11
  • Emergence of Asia as a Favorable Outsourcing Destination II-12
  • Key Challenges II-12
  • Legal & Regulatory Issues II-12
  • Intellectual Property and Business Risks Deter OEMs to Seek Alliances II-13
  • Delays In Contractual Obligations II-13
  • Outlook II-13

2. PRODUCT OVERVIEW II-14

  • Introduction II-14
  • Industry Structure II-14
  • Advantages of Outsourcing II-14
  • Choosing the Right Manufacturing Partner II-15
  • Quality Management System II-15
  • Managing the Partnership II-15
  • Quality Remains Guiding Factor II-16
  • Medical Device Outsourcing Services: A Definition II-16
  • Product design and development services II-16
  • Regulatory consulting services II-16
  • Product testing services II-16
  • Product Maintenance & Upgrade Services II-16
  • Product Certification & Implementation services II-16
  • Classification of Medical Devices II-16
  • Class I Devices II-17
  • Class II Devices II-17
  • Class III Devices II-17
  • Classification of Medical Devices by Therapeutic Area II-18
  • Cardiology II-18
  • Radiology II-18
  • Neurology II-18
  • Orthopedics II-18

3. RECENT INDUSTRY ACTIVITY II-19

  • BIT Analytical Instruments Takes Over Source Scientific II-19
  • Providien Takes Over Dynaroll II-19
  • Cadence to Setup Medical Device Facility II-19
  • ERT Improves Clinical Research Workflow Technology II-19
  • inVentiv Health Takes Over Kforce Clinical Research II-20
  • Medpace Takes Over MediTech Strategic Consultants II-20
  • MedImmune Enters into Joint Venture with WuXiAppTec II-21
  • Millstone Medical Outsourcing Establishes Sales Offices II-21
  • North American Science Associates Expands Laboratory II-21
  • Synteract to Acquire Harrison Clinical Research II-22
  • Altor Fund III Takes Over Orchid Orthopedic Solutions from Churchill Equity II-22
  • Clinipace Worldwide Takes Over PFC Pharma Focus II-23
  • Creganna-Tactx Medical Enters into Joint Venture with Boston Biomedical Associates II-23
  • Fulcrum Pharma, ClinResearch and Averion International Establish Aptiv Solutions II-24
  • Inverness Graham Acquires TechDevice II-24
  • inVentiv Health Acquires i3 Company II-24
  • Mediware Information Systems to Take Over Certain Business Assets of CareCentric II-24
  • Physcient Partners With Code Refinery to Develop Software for Surgical Instruments II-25
  • Providien Takes Over Majority Stake in Integra Biotechnical II-25
  • PBS Biotech® Snaps Up Integrity CMI II-25
  • Sandvik to Start Medical Technology Division in India II-26
  • TechDevice Takes Over Medical Profiles and Engineering II-26
  • Vesta Takes Over SiMatrix II-26
  • Vyteris and MediSyncBioServices Close Agreement II-27
  • Advanced Polymer Merges with TheMedTech Group II-27
  • Creganna Acquires Avalon Medical Sciences II-27
  • EsselPropack Divests Tactx Medical Business to Creganna Medical Devices II-27
  • Flextronics Medical Kicks off Malaysian Facility II-28
  • Riverside Partners Acquires CTW II-28
  • Medpace Takes Over Symbios Medical Products II-28
  • Millstone Medical Outsourcing to Open New Facility II-28
  • Nortech Systems Pockets TriVirix International Inc II-29
  • Tegra Medical to Collaborate with CTW II-29

4. FOCUS ON SELECT GLOBAL PLAYERS II-30

  • Accellent, Inc. (USA) II-30
  • Advanced Scientifics Inc (USA) II-30
  • Aptiv Solutions (US) II-30
  • Benchmark Electronics, Inc (USA) II-31
  • Cadence, Inc. (US) II-31
  • Code Refinery LLC (USA) II-31
  • CregannaTactx Medical (Ireland) II-32
  • Celestica HealthTECH (Canada) II-32
  • EtQ, Inc. (USA) II-32
  • Flextronics International (Singapore) II-33
  • Greatbatch, Inc. (USA) II-33
  • HCLs Life Science (India) II-33
  • Innovative Medical Device Solutions (US) II-33
  • Intertech Engineering Associates Inc. (US) II-34
  • Lake Region Medical (USA) II-34
  • Memry Corporation (USA) II-35
  • Millstone Medical Outsourcing, LLC (US) II-35
  • Minnetronix, Inc (USA) II-35
  • Nortech Systems Inc (USA) II-36
  • Plexus Corporation (USA) II-36
  • Providien (US) II-36
  • RTEmd (USA) II-36
  • Symmetry Medical Inc (USA) II-37
  • The Tech Group, Inc. (USA) II-37
  • Vention Medical (USA) II-37
  • Venture Manufacturing Group, Inc. (USA) II-38
  • WuXiAppTec Co. Ltd (China) II-38

5. GLOBAL MARKET PERSPECTIVE II-39

III. Market

1. THE UNITED STATES

2. CANADA

3. JAPAN

4. EUROPE

5. ASIA-PACIFIC

6. REST OF WORLD

IV. Competitive Landscape

Total Companies Profiled: 80 (including Divisions/Subsidiaries - 84)

  • The United States (67)
  • Canada (1)
  • Europe (10)
  • - Germany (2)
  • - The United Kingdom (2)
  • - Rest of Europe (6)
  • Asia-Pacific (Excluding Japan) (6)

For more information visit http://www.researchandmarkets.com/research/q46zrw/medical_device

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Medical Devices

Source:Research and Markets