In the healthcare sector, medical device contract manufacturing is a type of outsourcing in which company manufacturers whole products or a single component of a larger product. The Original Equipment Manufacturer (OEM) in medical devices is the producing companies that majorly focus in an expertise area, such as assembling, moulding, or research and development design. In short, it is a system in which the manufacturing company manufactures components or whole devices that are sold by another company in future. The key services for clients, customers, and makers of medical devices comprise device concept and development, production, validation and verification of processes, or highly dedicated manufacturing and packaging. These companies can also perform supply and delivery to the end clients.
Market Industry Reports (MIR) has published a new report titled "Medical Device Contract Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global medical device contract manufacturing market is estimated to be over US$ 48 Bn in 2017. It is anticipated to grow at a CAGR of 8.5% from 2019 to 2030.Major Key Players of the Medical Device Contract Manufacturing Market are:
Flextronics International, Benchmark Electronics, Jabil Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, Nordson Corporation and other prominent players.
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