Medical Device Outsourcing Market Size Worth $194.9 Billion by 2025: Grand View Research, Inc.

Medical Device Outsourcing Market Size Worth $194.9 Billion by 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, November 12, 2018

SAN FRANCISCO, November 12, 2018 /PRNewswire/ --

The global medical device outsourcing services market size is expected to reach USD 194.9 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 10.9% during the forecast period. Rising demand for medical devices coupled with growing trend of offshoring is expected to drive the market during the forecast period.

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Recent regulatory changes in Europe with respect to medical device is also expected to fuel the demand for quality assurance and regulatory affairs services, thereby contributing to the growth of the market in the region. For instance, implementation of MDR and IVDR is expected to increase the demand for QMS service providers, thereby supplementing the growth of the overall market.

Some major regulatory changes are expected to occur across the globe, which can have an impact on the medical device outsourcing market over the forecast period. Some of the major changes are:

These regulatory reforms are estimated to augment the demand for outsourcing services, thereby providing a tremendous push to the market over the forecast period. There has been a significant consolidation in the medical device outsourcing space in recent years. Large CROs are collaborating with specialized service providers to gain substantial share in the specific market segment.

Browse full research report with TOC on "Medical Device Outsourcing Market Analysis Report By Services (Quality Assurance, Contract Manufacturing), By Therapeutic Area (Cardiology, General & Plastic Surgery), And Segment Forecasts, 2018 - 2025"at: https://www.grandviewresearch.com/industry-analysis/medical-device-outsourcing-market

Further Key Findings From the Report Suggest:  

Browse related reports by Grand View Research:  

Grand View Research has segmented the global medical device outsourcing market on the basis of service, therapeutic area, and region:  

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research  

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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