| According to a new market research report, | | | | need for efficient management of client accounts |
| ‘Service Outsourcing Opportunities in Medical | | | | have increased the scope of product lifecycle |
| Device Market (2009–2014)', published by | | | | management solution providers in the medical devices |
| MarketsandMarkets ( global services outsourcing | | | | industry. Firms offering chip designing services have |
| market in medical devices is expected to be worth | | | | also 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 Outsourcing | | | | neurology devices. |
| Opportunities in Medical Device Market | | | | The report analyzes the outsourcing opportunities in |
| (2009–2014). | | | | cardiovascular, ophthalmic, oncology, dental, and |
| Early buyers will receive 10% customization of | | | | neurology devices, along with a study of various |
| reports | | | | tools used for developing, testing and simulation tools |
| Medical devices form one of the largest industries in | | | | used for medical devices. The report categorizes the |
| healthcare sector with an estimated size of $250 | | | | service outsourcing in medical device market as |
| billion in 2009 and a growth rate of 6%-8%. The | | | | follows: |
| industry has been outsourcing medical device | | | | Services Market: Product design and development |
| manufacturing services for almost a decade now. | | | | services, product testing and certification services, |
| This trend has brought about huge profit margins, | | | | product implementation services, product |
| which has attracted many new players. Outsourcing | | | | maintenance services, product upgrade services and |
| has helped medical device manufacturers reduce | | | | Regulatory consulting services for medical devices |
| product development cost by 10% to 30%. The | | | | Applications Market: Class I Devices, Class II Devices |
| services outsourcing industry has also gained from | | | | and Class III Devices. |
| the entry of new medical device manufacturing | | | | Analyst Briefing Presentation on the Service |
| companies, as these players lack experience in the | | | | Outsourcing Opportunities in Medical Device Market |
| field. | | | | (2009 – 2014) to be held on 3rd Dec 2009 |
| Orthopedic devices hold the largest market share and | | | | The Healthcare practice at MarketsandMarkets is |
| cardiology devices have the highest growth rate in | | | | pleased to announce its Analyst Briefing Presentation |
| the medical device manufacturing industry. The | | | | on the Service Outsourcing Opportunities in Medical |
| increasing regulations for class 2 and class 3 devices | | | | Device Market (2009 – 2014)to be held on 3rd |
| have increased the demand for regulatory consulting | | | | Dec 2009. |
| services. Growing complexities in supply chain and the | | | | |