2010-02-09 16:49:17 -

Research and Markets ( www.researchandmarkets.com/research/496cb9/outsourcing_in_the : ) has announced the addition of GlobalData 's new report " Outsourcing in the Global Medical Equipment Industry - The Market Expected to Register High Growth in the Future : " to their offering. Executive Summary:

Outsourcing in the Global Medical Equipment Industry - The Market Expected to Register High Growth in the Future :

Outsourcing in the Global Medical Equipment Industry - The Market Expected to Register High Growth in Future provides key data, information and analysis on the global medical equipment outsourcing industry. The report analyses the drivers behind outsourcing of manufacturing, clinical research and other support services to low-cost service providers based in Asian countries and elsewhere. The report

also provides information on the key economies attracting majority of medical equipment outsourced work. The report is also supplemented with information on the preferred vendors executing most of the medical equipment outsourcing work.

Outsourcing Market will Continue to Grow Driven by the Demand from Medical Equipment Industry


The global medical equipment outsourcing market is forecast to reach $40.1 billion by 2016 with a CAGR of 16.3%. The ageing population, advancements in technology, desires to lead active lifestyles, the rise in chronic conditions and increased public & private spending are expected to drive the medical equipment market. These drivers are providing a promising opportunity for the medical equipment companies and service providers. Also, the increasing desire by the medical equipment companies to improve cost savings and to bring products to the market quickly is expected to drive the medical equipment outsourcing market in the future.

Medical Equipment Outsourcing, Global, Revenues ($bn), 2009 - 2016

Contract Manufacturing is Expected to Remain the Major Contributor of Medical Outsourcing Market


Contract manufacturing accounted for 90% of the global medical equipment outsourcing market in 2009 and is expected to contribute 91.7% by 2016.

This market is forecast to reach $36.8 billion by 2016 with a CAGR of 16.5%. Contract manufacturing remains the key market segment driving growth within the outsourcing market. The contract manufacturing market is expected to be driven by the increasing desire of the medical equipment manufacturers to reduce direct expenses and streamline supply chains. Outsourcing of manufacturing activities has helped medical equipment companies to reduce costs by between 10% and 25%.

Medical Equipment Outsourcing, Global, Segment Analysis (%), 2008


Contract Organizations are Emerging as Strategic Partners to Reduce Time to Market and Cost


The medical equipment industry is forming strategic partnerships with contract organizations to leverage their global presence and research expertise. The agreements with contract organizations are aimed at lowering the time to market as well as reducing costs. The service models of the contract organizations are evolving to become more functional, where services are outsourced based on the analysis of their core competencies. The increasing focus on strategic partnerships will drive the growth in emerging outsourcing destinations which have many small niche contract organizations specializing in different functions.

Medical equipment companies are expected to increasingly rely on contract organizations to enhance their product pipeline strength by bringing the products to approval at a faster rate


Scope.

- Data and information by types of outsourcing - Contract Research and Contract Manufacturing.


- Qualitative analysis of market drivers, and restraints by each category within the medical equipment outsourcing industry.


- Information and analysis on specific countries expected to drive outsourcing of manufacturing, clinical research and other support services.


- Information and analysis on the key trends leading to outsourcing initiatives by the leading medical equipment manufacturers.


- The report also covers information on the leading market players. Key players covered include Accellent, Symmetry Medical, Greatbatch Medical, W. C. Heraeus and Flextronics.

Reasons to buy.

- Develop cost-reduction strategies by exploring outsourcing opportunities for manufacturing and clinical research functions
- Explore partnership opportunities by identifying the leading outsourcing service providers and their services.


- Capitalize by identifying the leading destinations for medical equipment manufacturing and other outsourcing initiatives.


- What is being outsourced by the leading medical equipment manufacturers? - Identify, understand and capitalize.



Key Topics Covered:

1 Table of contents


2 Introduction


3 Global Medical Equipment Outsourcing


4 Global Medical Equipment Market


5 Contract Research Outsourcing (CROs)


6 Contract Manufacturing Outsourcing (CMOs)


7 Medical Equipment Outsourcing: Key Companies


8 Medical Equipment Outsourcing Market: Regulatory Framework


9 Global Medical Equipment Outsourcing: Mergers and Acquisitions


10 Appendix


Companies Mentioned.

- Accellent
- Alquest, Inc
- Avail Medical Products, Inc.


- Creganna Medical Devices Limited
- Doncasters Medical Technologies
- Flextronics International
- Fort Wayne Metals
- Greatbatch, Inc.,
- Memry Corporation Company
- NAMSA
- Parexel International Corporation (Parexel)
- Quintiles
- Symmetry Medical Inc
- TriVirix International Inc
- The Tech Group
- Lake Region Manufacturing, Inc


For more information visit www.researchandmarkets.com/research/496cb9/outsourcing_in_the :



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