Healthcare Contract Manufacturing Market Size, Share & Trends Analysis Report By Type (Medical Devices, Pharmaceutical), By End-use (Medical Device Companies), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the healthcare contract manufacturing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for healthcare contract manufacturing market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of healthcare contract manufacturing market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Healthcare Contract Manufacturing Market Categorization:

The healthcare contract manufacturing market was categorized into four segments, namely type (Medical Devices, Pharmaceutical), end-use (Medical Device Companies, Pharmaceutical & Biopharmaceutical Companies), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The healthcare contract manufacturing market was segmented into type, end-use, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The healthcare contract manufacturing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirty-two countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Brazil; Mexico; Argentina; Saudi Arabia; UAE; Egypt; South Africa; and Nigeria.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Healthcare contract manufacturing market companies & financials:

The healthcare contract manufacturing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Nordson Medical is a global authority in the design, development, and production of intricate medical devices and component technologies. The company caters to a wide array of market sectors such as cardiovascular, bioprocessing, electrophysiology, gastrointestinal, in vitro diagnostics, neurovascular, ophthalmic, dialysis, orthopedics & spine, patient monitoring, structural heart, ENT, interventional radiology, neuraxial, dental, peripheral vascular, wound & respiratory care, and other markets including inkjet, electronic cooling, food & beverages, consumer packaged goods, and analytical instrumentation. Nordson Medical specializes in catheters & cannulae, medical balloons, medical tubing, fluid management components, nitinol compounds, polymer solution casting technology, heat shrink tubing, and engineered shafts. The company is recognized as the world’s top contract manufacturer of cardiopulmonary vascular cannulae, along with catheters & specialized medical tubing for a broad spectrum of clinical applications. It provides a comprehensive range of balloon catheters used in the treatment of cardiovascular diseases. With a total of 15 facilities located in Ireland, Israel, Mexico, and the U.S., the company serves as a global hub for medical devices.

• Integer Holdings Corporation stands as one of the world’s leading outsourced manufacturers of medical devices, catering to markets in cardiac, vascular, portable medical, and neuromodulation. The company offers cutting-edge, high-quality technology and manufacturing services to Original Equipment Manufacturers (OEMs) of medical devices. It operates in two primary sectors—medical and non-medical. The medical sector encompasses portable medicine & orthopedics, neuromodulation & cardiac, advanced surgical, and vascular & cardio products. The non-medical sector comprises electrochem products. In addition, the company manufactures batteries for use in energy, environmental, and military applications. It operates under various brands, including Electrochem, Lake Region Medical, and Greatbatch Medical, and boasts 15 manufacturing facilities.

• Jabil, Inc. is a provider of manufacturing solutions that encompass a wide range of services, including design, manufacturing, supply chain management, and product management. The company’s offerings include innovation, design, fabrication, assembly, delivery, and management of product flow and resources as part of its manufacturing and supply chain management services. Jabil caters to various sectors, offering diversified manufacturing services and electronic manufacturing services. Its suite of services includes electronics design, product management, and production management, along with component selection, integrated design and engineering, supply chain services, and automated assembly, among others. The company’s products and services are utilized across a broad spectrum of industries, including automotive, consumer lifestyle, wearable technologies, defense, aerospace, healthcare, emerging growth, computing and storage, packaging, digital home, mobility, point of sale, printing, and energy.

• Viant is an ISO-certified contract manufacturer of medical devices. Its services include design & development, materials expertise, medical device components, manufacturing & assembly, and finished device services. The company serves many medical specialties in various markets including diagnostics & patient care, surgical technologies, cardiac & interventional, orthopedics, bioelectronics, and drug delivery. The company has 24 facilities in countries including the U.S., the UK, Germany, France, China, and Puerto Rico.

• Flex Ltd., previously known as Flextronics International Ltd., is a renowned provider of Sketch-to-Scale services. These services encompass everything from innovation and engineering to manufacturing and supply chain solutions. The company is involved in the design, development, distribution, and management of a wide array of packaged industrial and consumer products. These products include everything from connected automotive systems and medical devices to sustainable lighting and cloud & data solutions, catering to various markets. Flex Ltd. operates in several segments, including communications & electronics, consumer technologies, high-reliability solutions, and emerging industries. The company provides its services through a network spanning around 100 locations in roughly 35 countries across five continents. Headquartered in the Republic of Singapore, Flex Ltd. has operations in the Americas, Asia Pacific, and EMEA.

• Celestica, Inc. is a provider of solutions for the supply chain. The company offers services in electronic manufacturing. Its services also encompass design & development, management of the supply chain, sourcing of components, engineering services, assembly & testing, system integration, complex mechanical assembly, precision machining, electronic manufacturing, after-market repair & return, order fulfillment, and systems integration. The company’s offerings find use in sectors such as aerospace, healthcare, defense, industrial, and energy. The company also engages in the testing, manufacturing, and designing of solar panels for both commercial and residential uses. Celestica, Inc. has operations across the Americas, Asia, and Europe.

• Sanmina Corporation is a recognized pioneer in the technology sector. It offers comprehensive solutions in design, manufacturing, and logistics to Original Equipment Manufacturers (OEMs), primarily in the fields of medicine, communication networks, multimedia, industrial and semiconductor, defense and aerospace, and computing and storage. The company’s operations are largely divided into three business segments: components, products and services, and integrated manufacturing solutions. Its range of services encompasses design and engineering, rapid prototyping, testing services, new product introduction, supply chain management, Printed Circuit Board (PCB) assembly and Surface Mount Technology (SMT), and logistics. Sanmina Corporation has a global footprint, with operations in approximately 25 countries spanning six continents.

• Plexus Corp. is a company that provides electronic manufacturing services. It offers a comprehensive suite of solutions, from product idea generation and commercialization to design, manufacturing, and sustaining. In addition, Plexus Corp. provides refurbishment, aftermarket services, repairs, and product support. The company serves a wide variety of industries, including healthcare/life sciences, networking/communications, defense/aerospace/security, and industrial/commercial. Its customer base extends across Europe, Asia Pacific, and the Middle East & Africa.

• Phillips-Medisize, a subsidiary of Molex Incorporated, is a global provider of design, development, and manufacturing services for the medical, pharmaceutical, and diagnostic sectors. Their offerings encompass connected health solutions, medical devices, drug delivery systems, and diagnostic products. Their service range includes initial innovation, commercial and clinical manufacturing, design & development, manufacturing development, and services after product launch. The company manufactures various medical devices such as hemostatic valve systems, contrast media delivery devices systems, stent delivery catheters/systems, implantable device delivery systems, and electrophysiology 3D mapping systems. In the diagnostics domain, they offer products such as home-use diagnostic sample kits, glucose meters, Point-of-Care (POC) cartridges, rapid POC diagnostic tests, brachytherapy disposables, and more. Their connected autoinjectors are a fusion of drug delivery and connected health solutions.

• West Pharmaceutical Services, Inc. is a global Contract Development & Manufacturing Organization (CDMO). It serves the design and manufacturing requirements of companies in the diagnostic, pharmaceutical, biopharmaceutical, generic, and medical devices sectors. The company primarily operates through two segments: Contract-manufactured products and proprietary products. The proprietary products segment offers containment, proprietary packaging, drug delivery systems, integrated solutions, and analytical lab services to firms in the biopharmaceutical, pharmaceutical, and generic drug industries. The contract-manufactured products segment delivers design, manufacturing, and assembly services for complex diagnostic, pharmaceutical, and medical device companies. West Pharmaceutical Services has operations in the Americas, Asia Pacific, and Europe, with affiliates in Mexico and Japan.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Healthcare Contract Manufacturing Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Healthcare Contract Manufacturing Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.