MarketsandMarkets: Service Outsourcing Opportunities in Medical Device Market Worth US$26.77 Billio

According to a new market research report,need for efficient management of client accounts
‘Service Outsourcing Opportunities in Medicalhave increased the scope of product lifecycle
Device Market (2009–2014)’, published bymanagement solution providers in the medical devices
MarketsandMarkets ( global services outsourcingindustry. Firms offering chip designing services have
market in medical devices is expected to be worthalso benefitted from the increasing incidence of
$26,770 million by 2014, growing at a CAGR of 13.9%chronic diseases and the growing use of electronic
from 2009 to 2014.and embedded systems in cardiovascular and
Browse in-depth TOC onService Outsourcingneurology devices.
Opportunities in Medical Device MarketThe report analyzes the outsourcing opportunities in
(2009–2014). Early buyers will receive 10%cardiovascular, ophthalmic, oncology, dental, and
customization of reportsneurology devices, along with a study of various
Medical devices form one of the largest industries intools used for developing, testing and simulation tools
healthcare sector with an estimated size of $250used for medical devices. The report categorizes the
billion in 2009 and a growth rate of 6%-8%. Theservice outsourcing in medical device market as
industry has been outsourcing medical devicefollows:
manufacturing services for almost a decade now.Services Market: Product design and development
This trend has brought about huge profit margins,services, product testing and certification services,
which has attracted many new players. Outsourcingproduct implementation services, product
has helped medical device manufacturers reducemaintenance services, product upgrade services and
product development cost by 10% to 30%. TheRegulatory consulting services for medical devices
services outsourcing industry has also gained fromApplications Market: Class I Devices, Class II Devices
the entry of new medical device manufacturingand Class III Devices.
companies, as these players lack experience in theAnalyst Briefing Presentation on the Service
field.Outsourcing Opportunities in Medical Device Market
Orthopedic devices hold the largest market share and(2009 – 2014) to be held on 3rd Dec 2009 The
cardiology devices have the highest growth rate inHealthcare practice at MarketsandMarkets is pleased
the medical device manufacturing industry. Theto announce its Analyst Briefing Presentation on the
increasing regulations for class 2 and class 3 devicesService Outsourcing Opportunities in Medical Device
have increased the demand for regulatory consultingMarket (2009 – 2014) to be held on 3rd Dec
services. Growing complexities in supply chain and the2009.