Dublin, June 18, 2021 (GLOBE NEWSWIRE) -- The "Medical Device Contract Manufacturing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Medical Device Contract Manufacturing Market to Reach $109.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Medical Device Contract Manufacturing estimated at US$59.3 Billion in the year 2020, is projected to reach a revised size of US$109.5 Billion by 2027, growing at a CAGR of 9.2% over the analysis period 2020-2027.
Class I, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$36.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Class II segment is readjusted to a revised 9.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16 Billion, While China is Forecast to Grow at 12.1% CAGR
The Medical Device Contract Manufacturing market in the U.S. is estimated at US$16 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Class III Segment to Record 8.8% CAGR
In the global Class III segment, USA, Canada, Japan, China and Europe will drive the 8.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.6 Billion in the year 2020 will reach a projected size of US$18.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.6 Billion by the year 2027, while Latin America will expand at a 10.2% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS(Total 36 Featured):
Benchmark Electronics, Inc.
Consort Medical PLC
Integer Holdings Corporation
TE Connectivity, Ltd.
West Pharmaceutical Services, Inc.
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Medical Device Contract Manufacturing by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Medical Device Contract Manufacturing by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Medical Device Contract Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for Years 2012, 2020 & 2027
World 15-Year Perspective for Class I by Geographic Region - Percentage Breakdown of Value Sales for Years 2012, 2020 & 2027
World 15-Year Perspective for Class II by Geographic Region - Percentage Breakdown of Value Sales for Years 2012, 2020 & 2027
World 15-Year Perspective for Class III by Geographic Region - Percentage Breakdown of Value Sales for Years 2012, 2020 & 2027
III. REGIONAL MARKET ANALYSIS
Total Companies Profiled: 36
For more information about this report visit https://www.researchandmarkets.com/r/hcq0gj
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