The Global Market for Medical Device Outsourcing is Projected to Reach US$101.7 Billion by 2024
The Promising Advantages of Reduced Costs & Faster Time-to-Market Drive the Popularity of Medical Device Outsourcing Among OEMs, According to New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Medical Device Outsourcing market. The global market for Medical Device Outsourcing is projected to reach US$101.7 billion by 2024 , driven by the growing pressure on medical device OEMs to reduce production costs and reduce time-to-market of new products. Medical device outsourcing, an approach where a third party assumes responsibility of managing device development and manufacturing operations either in part or in entirety, continues to grow in significance led by the increasing need for medical device companies to recalibrate their strategies to reduce costs, accelerate time-to-market and focus on their core competencies. As companies modernize busin...