Service Outsourcing Opportunities in Medical Device Market worth US$26.77 Billion by 2014

WILMINGTON, Delaware, November 12 - According to a new market research report, 'Service
Outsourcing Opportunities in Medical Device Market (2009-2014)', published by
MarketsandMarkets (www.marketsandmarkets.com), the global services
outsourcing market in medical devices is expected to be worth $26,770 million
by 2014, growing at a CAGR of 13.9% from 2009 to 2014.

Browse in-depth TOC on Service Outsourcing Opportunities in Medical
Device Market (2009-2014). Early buyers will receive 10% customization of
reports
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Medical devices form one of the largest industries in
healthcare sector with an estimated size of $250 billion in 2009 and a growth
rate of 6%-8%. The industry has been outsourcing medical device manufacturing
services for almost a decade now. This trend has brought about huge profit
margins, which has attracted many new players. Outsourcing has helped medical
device manufacturers reduce product development cost by 10% to 30%. The
services outsourcing industry has also gained from the entry of new medical
device manufacturing companies, as these players lack experience in the
field.

Orthopedic devices hold the largest market share and
cardiology devices have the highest growth rate in the medical device
manufacturing industry. The increasing regulations for class 2 and class 3
devices have increased the demand for regulatory consulting services. Growing
complexities in supply chain and the need for efficient management of client
accounts have increased the scope of product lifecycle management solution
providers in the medical devices industry. Firms offering chip designing
services have also benefitted from the increasing incidence of chronic
diseases and the growing use of electronic and embedded systems in
cardiovascular and neurology devices.

The report analyzes the outsourcing opportunities in
cardiovascular, ophthalmic, oncology, dental, and neurology devices, along
with a study of various tools used for developing, testing and simulation
tools used for medical devices. The report categorizes the service
outsourcing in medical device market as follows:

Services Market: Product design and development services,
product testing and certification services, product implementation services,
product maintenance services, product upgrade services and Regulatory
consulting services for medical devices

Applications Market: Class I Devices, Class II Devices and
Class III Devices.

Analyst Briefing Presentation on the Service Outsourcing Opportunities in
Medical Device Market (2009 - 2014) to be held on 3rd Dec 2009

The Healthcare practice at MarketsandMarkets is pleased to announce its
Analyst Briefing Presentation on the Service Outsourcing Opportunities in
Medical Device Market (2009 - 2014) to be held on 3rd Dec 2009.

To register your participation, please click here
www.marketsandmarkets.com/AnalystBriefing/medical-device-market.asp

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Contact: Ms. Sunita, 108, West 13th Street, Wilmington, DE, 19801, County of New Castle, Tel: +1-888-989-8004, Email: sales at marketsandmarkets.com