Medical Device Outsourcing Market Trends

Medical Device Outsourcing Market Drivers

• Growing Prevalence of Cardiovascular Diseases and Increasing R&D Investments to Drive Market Growth
• Continuously growing prevalence of various types of cardiovascular diseases like bradycardia is expected to be the major factor driving the growth of the global medical device outsourcing market over the forecast period. For instance, according to the National Centre for Biotechnology Information, more than 1 million pacemakers are being implanted each year globally. Out of which, about 200,000 are implanted in the United States alone.
• Increasing research & development related activities for enhancing the cardiovascular diseases treatment techniques is also projected to drive the global market at a strong growth rate over the coming years.

Medical Device Outsourcing Market Restraints

• Stringent government regulations regarding medical devices certification and approval times are likely to be the key factor restraining the growth of the global medical device outsourcing market during the forecast period

• Lack of access to medical facilities in the remote areas has resulted in the dearth of healthcare logistics which is expected to lessen the market competition