Medical Device Contract Manufacturing Market Top Players and Growth Strategies

Market growth is largely
driven by the rising global disease prevalence, life expectancy, and
geriatric population. Technological advancements have prompted end users
to overhaul or update their manufacturing systems. As this is a costly
process, they look to contract manufacturing.  

The medical device
contract manufacturing market is highly fragmented with the top 15
companies accounting for approximately 25% of the total market. As of
2018, Flex, Ltd. (Singapore) and Jabil, Inc. (US) together accounted for
approximately 10% of the global medical device contract manufacturing
market.

Jabil Inc. (US) was the leader in the
medical device contract manufacturing market in 2018. The company offers
a focused range of products such as diagnostic devices, diabetes care
devices, ophthalmology devices, pharmaceutical drug delivery devices,
and consumables for medical devices and services such as additive
manufacturing, contract manufacturing, quality management services, and
final goods assembly services. It also offers advanced manufacturing
technologies such as electronic manufacturing services and automation in
a number of manufacturing facilities worldwide such as Singapore,
Mexico, China, and the US, among others. The company also serves some of
the top companies in other domains, such as Apple Inc., Cisco Systems
Inc., Hewlett-Packard Company, Keysight Technologies, LM Ericsson
Telephone Company, NetApp Inc., Nokia Networks, SolarEdge Technologies
Inc., Valeo S.A., and Zebra Technologies Corporation that added to its
brand recognition. Some of the key customers of the company for contract
manufacturing services are Abaxis, Inc. (US), Ulthera, Inc. (US), and
Antares Pharma Inc. (US). Jabil focuses on collaborating with the major
pharma and medical device companies for contract manufacturing. For
instance, in September 2018, the company collaborated with Johnson &
Johnson for manufacturing medical devices.

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Flex Ltd. (Singapore) was
the second-leading player in the medical device contract manufacturing
market in 2018. The company is predominantly known for its expertise in
the electronics segment and has been contracted by some of the major
players in the electronics industry. Some of the key customers of the
company are Alimera Sciences, Inc. (US) and Cellnovo Limited (France).
The company focuses on agreements and partnerships to strengthen its
services portfolio in the medical devices and other healthcare segments.
For instance, in October 2018, Flex partnered with Novo Nordisk
(Denmark) to develop digital health solutions for diabetes patients.