Medical devices outsourcing is the outsourced fabrication of a medical devices. Medical device can utilize outsourcing to perform recurring manufacturing and benefit from costing efficiencies, streamlined supply chain and logistical alignment all of these factors help them to deliver commercial products to market while ensuring that all the industry requisites are met.
As of 2021, the global Medical Devices Outsourcing Market is estimated to be valued at U.S$ 56,687.9 Million and is expected to exhibit a CAGR of 12, 4% during the year (2021-2028)
Key companies in the Medical Devices Outsourcing Industry:
1) Intertek Group
Intertek Group is a British multinational assurance inspection, product testing and certification company. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company was founded in the year 1888, and the headquarters are located in London, England, U.K.
In May 2021, Intertek completed the acquisition of SAI Globe’s Assurance and Standards Business Units.
2) Eurofins Scientific
Eurofins Scientific is a French group of laboratories, providing testing and support services to the pharmaceutical, food, environmental, agriscience and consumer products industries and to governments. The company also provides clinical diagnostics, testing services and in-vitro diagnostic products. The company was founded in the year 1987, and the headquarters are located in Luxembourg City, Luxembourg the company was founded by Gilles Martin.
In June 2021, the company acquired American DNA Diagnostics Centers (DDC) a group specializing in genetic testing. In September 2022, Eurofins launched Eurofins Sustainability Solutions.
3) Celestica Inc.
Celestica Inc. is a Canadian multinational design manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company. The company was established in the year 1994, and the headquarters are located in Toronto, Ontario, Canada. In November 2021, Celestica completed the acquisition of PCI Private Limited an electronic manufacturing company that offers supply chain solutions which create a competitive advantage for companies.
4) West Pharmaceutical Service, Inc.
West Pharmaceutical Services Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems, the company produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin. The company was founded in the year 1923, and the headquarters are located in Exton, Pennsylvania, U.S.
5) Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. is a pharmaceutical, healthcare and biotechnology industry. It produces Laboratory equipment and a company that supplies scientific instruments. The products manufactured are supplied worldwide. Thermo Fisher Inc. was founded in the year 1956. It was formed through the merger of Thermo Electron and Fisher Scientific. The headquarters are located in Waltham, Massachusetts U.S.
In April 2021, the company announced its plans of acquiring of PPD, Inc. a leading global contract research organization.
6) SGS S.A.
SGS is a Swiss multinational company that provides inspection, verification, testing and certification services. The company ranked on Forbes Global 2000 for four consecutive year up to 2021. The company provides testing of product quality and performance against various health, safety and regulatory standards. The company was founded in the year 1878, and the headquarters are located in Geneva, Switzerland.
SGS S.A. completed the acquisition of Industry Lab in November 2022, and acquired Penumbra in September 2022, a global healthcare company.
