Global Medical Device Manufacturing Services Outsourcing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:38:03
The Global Medical Device Manufacturing Services Outsourcing market is to grow at a CAGR of 11.86 percent over the period 2013-2018. One of the key factors contributing to this market growth is the advancement in healthcare technologies. The Global Medical Device Manufacturing Services Outsourcing market has also been witnessing the outsourcing to emerging countries. However, the stringent regulatory guidelines could pose a challenge to the growth of this market.
Outsourcing of medical device manufacturing services to emerging countries is a growing trend in the market. By outsourcing, leading medical devices companies not only take advantage of reduced costs but also position themselves to better serve the local markets of emerging countries. Reduced cost of labor, a high level of technical expertise, and funding from governments for R&D investment to accelerate new product development in emerging countries such as China, India, Malaysia, Mexico, and Brazil have made them the most favored destinations for outsourcing manufacturing services. Hence, outsourcing to emerging countries is expected to drive the Global Medical Device Manufacturing Services Outsourcing market during the forecast period.
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