Medical Device Contract Manufacturing Global Market Report 2023 – By Device (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Endoscopy Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices, Other Devices), By Service (Device Development and Manufacturing Service, Quality Management Service, Assembly Service), By Application (Laparoscopy, Pulmonary, Urology, Gynecology, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032 

Medical radiation detection, monitoring, and safety equipment are designed for detecting and monitoring the intensity of radiation and also protecting the users from the harmful effects of radiation. The medical radiation detection, monitoring, and safety equipment are used for radiation monitoring and detection during medical procedures. The main types of medical radiation detection, monitoring, and safety products in the market are personal dosimeters, area process monitors, environmental radiation monitors, surface contamination monitors, radioactive material monitors, and other medical radiation detection and monitoring products. Personal dosimeters refer to devices worn by an individual for a set period and sent to a facility that analyses the radiation dose. It can also be examined at the location. The various safety products include full-body protection, face protection, hand safety, and other medical radiation safety products. The various detectors are gas-filled detectors, scintillators, and solid-state detectors and are used in hospitals and non-hospitals. The global medical radiation detection monitoring and safety market is segmented - 1) By Medical Radiation Detection and Monitoring Product: Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors, Radioactive Material Monitors, Other Medical Radiation Detection and Monitoring Product 2) By Safety: Full-body Protection, Face Protection, Hand Safety, Other Medical Radiation Safety Products 3) By Detector Type: Gas-Filled Detectors, Scintillators, Solid-State Detectors 4) By End User: Hospitals, Non-Hospitals The global medical radiation detection, monitoring & safety market size grew from $1.69 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical radiation detection, monitoring & safety is expected to grow to $2.5 billion in 2027 at a CAGR of 8.0%. The high prevalence of cancers is expected to propel the growth of the medical radiation detection, monitoring, and safety market going forward. Cancer is a disease condition where certain cells in the body multiply uncontrollably and spread to other parts of the body. As radiation therapy and nuclear medicine expose cancer patients to dangerous radioactive particles or radiation, medical radiation detection, monitoring, and safety equipment are used to protect the patient from harmful radiation and also detect and monitor the radiation levels. For instance, according to the World Health Organization, a Switzerland-based specialised agency of the United Nations responsible for international public health, in 2020, cancer accounted for approximately 10 million deaths, or about 1 person in every 6 people. Therefore, the high prevalence of cancers is driving the growth of the medical radiation detection, monitoring, and safety market. Fortive, Mirion Technologies Inc., Thermo Fisher Scientific Inc., Ludlum Measurements Inc., Radiation Detection Company (RDC) Inc., Atomtex, IBA Worldwide, Scionix, RadComm Systems, Micron Semiconductor Ltd., Bar-ray Products Inc., Bertin Technologies SAS, Centronic Ltd., Fluke Biomedical, Burlington Medical, and AliMed Inc. are major players in the medical radiation detection, monitoring, and safety market. Research and development for technological advancement is a key trend gaining popularity in the medical radiation detection, monitoring, and safety market. Major companies are investing in R &D activities to develop new products and support innovation. For instance, Mirion Technologies, Inc., a US-based nuclear monitoring and detection systems provider, reported that R&D expenses were $29.4 million in the year 2021, an increase of $13.5 million, or 84.9%, over the year 2020. The increase in R&D spending of $2.5 million for new product development, such as evrCAM, a new product that leverages the company's core technology of radiation-tolerant cameras for the nuclear power industry, to fulfil the needs of the radiation oncology business. In January 2020, Mirion Technologies Inc., a US-based nuclear monitoring and detection systems provider, acquired Capintec Inc. for an undisclosed amount. This acquisition is expected to expand Mirion's footprint in the medical market by providing broader product and service offerings. Capintec Inc. is a US-based radiation measuring and monitoring instrumentation company with applications in nuclear medicine, nuclear cardiology, oncology, endocrinology, diagnostic radiology, and radiation therapy. North America will be the largest region in the medical radiation detection, monitoring, and safety market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical radiation detection, monitoring, and safety market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical radiation detection, monitoring and safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical radiation detection, monitoring, and safety equipment market consists of sales of geigermueller (gm) detectors with pancake probes, alpha radiation survey meter, dose rate meter, and portal monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical radiation detection, monitoring, and safety market research report is one of a series of new reports from The Business Research Company that provides medical radiation detection, monitoring, and safety market statistics, including medical radiation detection, monitoring, and safety industry global market size, regional shares, competitors with medical radiation detection, monitoring, and safety market share, detailed medical radiation detection, monitoring, and safety market segments, market trends and opportunities, and any further data you may need to thrive in the medical radiation detection, monitoring, and safety industry. This medical radiation detection, monitoring, and safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical aesthetics refers to the umbrella term for several medically guided cosmetic procedures. Treatment options include laser procedures, wrinkle-reduction procedures, fillers, chemical peels, and hair transplants. The main types of medical aesthetics are facial aesthetic products, body contouring devices, cosmetic implants, hair removal devices, skin aesthetic devices, tattoo removal devices, thread lift products, physician-dispensed cosmeceuticals, skin lighteners, physician-dispensed eyelash products, and nail treatment laser devices. Facial aesthetic products refer to products and procedures that are designed to provide individuals with a pleasing and youthful appearance. The technologies involved are invasive, non-invasive, minimally invasive, and other technologies. These products are sold through direct tender and retail distribution channels and are used in various applications such as anti-aging and wrinkles, facial and skin rejuvenation, breast enhancement, body shaping and cellulite, tattoo removal, vascular lesions, psoriasis, vitiligo, and other applications. The various users included clinics, hospitals, medical spas, beauty centres, and home care. The global medical aesthetics market is segmented - 1) By Product: Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices, Thread Lift Products, Physician-dispensed Cosmeceuticals and Skin Lighteners, Physician-dispensed Eyelash Products, Nail Treatment Laser Devices 2) By Technology: Invasive, Non-Invasive, Minimally Invasive, Other Technologies 3) By Distribution Channel: Direct Tender, Retail 4) By Application: Anti-Aging and Wrinkles, Facial and Skin Rejuvenation, Breast Enhancement, Body Shaping and Cellulite, Tattoo Removal, Vascular Lesions, Psoriasis and Vitiligo, Other Applications 5) By End User: Clinics, Hospitals, and Medical Spas, Beauty Centers, Home Care The global medical aesthetics market size grew from $9.88 billion in 2022 to $11.19 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical aesthetics is expected to grow to $17.88 billion in 2027 at a CAGR of 12.4%. The growing adoption of minimally invasive and non-invasive aesthetic procedures is expected to propel the growth of the medical aesthetics market going forward. Minimally invasive procedures refer to the technique used by medical professionals to limit the size and quantity of incisions or injections. There is a rise in minimally invasive and non-invasive aesthetic procedures, which are used as treatments in medical aesthetics because they are quick, minimally invasive, safe, effective, and require little downtime. For instance, in December 2021, according to Botox Statistics, a US-based society of plastic surgeons’ data, the average annual rate of Botox injections climbed by about 459% in 2020 since its inception. Every year, 4-5 million people receive Botox. In 2020, there were 44,101 Botox procedures performed, with each treatment costing between $1.3 billion and $2.6 billion. Therefore, the growing adoption of minimally invasive and non-invasive aesthetic procedures is driving the growth of the medical aesthetics market. AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH and Co KGaA, Cynosure LLC, Fotona d.o.o., Anika Therapeutics Inc., Johnson & Johnson, Cutera Inc., Solta Medical International Inc., Quanta System SpA, Sisram Medical Ltd., SharpLight Technologies Inc., and Revance Therapeutics Inc.are major players in the medical aesthetics market. The adoption of robot-based surgery is the key trend gaining popularity in the medical aesthetics market. Major companies operating in the medical aesthetics market are focused on developing new technological solutions to strengthen their position. For instance, in November 2021, Smith-Nephew, a UK-based manufacturing company that operates in medical aesthetics, launched CORI, a surgical tool using robotic technology. It is an advanced handheld robotic used in total and partial knee arthroplasties. It is the first technology to place the surgeon in the digital operating room and is a compact mobile solution incorporating an advanced robotic sculpting tool with a 3-D intraoperative imaging system. Patients get less painful treatment with fewer revisions required and thus have greater satisfaction post-surgery. In May 2022, Crown Laboratories, a US-based global skincare company, acquired Eclipse Med Corp. LLC for an undisclosed amount. This acquisition would expand the Crown’s aesthetics portfolio and the Crown’s overall value proposition globally. It would also help in accomplishing Crown's mission to drive innovation and provide superior products and services to customers. Eclipse Med Corp. LLC is a US-based company operating in medical aesthetics. North America will be the largest region in the medical aesthetics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical aesthetics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical aesthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The medical aesthetics market consists of sales of body contouring devices, skin aesthetic devices, thread lift products, tattoo removal devices, and hair removal devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical aesthetics market research report is one of a series of new reports from The Business Research Company that provides medical aesthetics market statistics, including medical aesthetics industry global market size, regional shares, competitors with a medical aesthetics market share, detailed medical aesthetics market segments, market trends and opportunities, and any further data you may need to thrive in the medical aesthetics industry. This medical aesthetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Manufacturing analytics refer to a statistical tool that aids in the rule-based analysis of manufacturing data and information, allowing users to better understand the process and hence enhance business operations and product quality. Manufacturing analytics enables to spot an issue before it occurs, which could have an impact on the product, yield, or cost. Manufacturing analytics is used to improve process efficiency and centralize production monitoring. The main types of components in manufacturing analytics are software and service. The software refers to business intelligence (BI) tools for capturing, aggregating, and analyzing manufacturing data analytics. Manufacturing analytics software reveals insights about processes and functions that can lead to improvements at all levels of an organization. The different deployment modes include cloud, and on-premise and are used in several applications such as predictive maintenance, inventory management, supply chain optimization, and others. It is employed in semiconductor and electronics, energy and power, pharmaceutical, automobile, heavy metal and machine manufacturing, and other industry verticals. The global manufacturing analytics market is segmented - 1) By Component: Software, Services 2) By Deployment: Cloud, On Premise 3) By Application: Predictive Maintenance, Inventory Management, Supply Chain Optimization, Other Applications 4) By Industry Vertical: Semiconductor and Electronics, Energy and Power, Pharmaceutical, Automobile, Heavy Metal and Machine Manufacturing, Other Industry Verticals The global manufacturing analytics market size will grow from $9.92 billion in 2022 to $11.98 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the manufacturing analytics is expected to grow to $27.27 billion in 2027 at a CAGR of 22.8%. An increase in the need for process optimization is expected to propel the growth of the manufacturing analytics market going forward. Process optimization refers to reducing or eliminating time and resource wastage, unnecessary costs, bottlenecks, and mistakes while achieving the process objective. Process optimization in manufacturing analytics adds to various benefits such as providing faster response to issues at the machine level, and improved maintenance and so leading to its growth and increasing the need for this technique. For instance, according to Camunda, a Germany-based open-source workflow, and decision automation platform, in 2020, 51% of automation initiatives are aimed at boosting efficiency and optimization. Also, according to a survey conducted by Camunda in 2020 on how process automation is a business driver for growth, half (49%) of an organization’s process automation initiatives are focused on driving business growth. The other half of the process automation initiatives highlighted ways of business optimization (27%). Therefore, an increase in the need for process optimization is driving the manufacturing analytics market growth. Major players in the manufacturing analytics market are SAP SE, Oracle Corporation, SAS Institute Inc., Tableau Software Inc., TIBCO Software Inc., International Business Machines Corporation, Alteryx Inc., Sisense Inc., Wipro Limited, Bridgei2i Analytics Solutions, Cisco Systems Inc., FICO (Fair, Isaac and Company), Domo Inc., Neubrain, Aegis Software, MachineMetrics, and Lantek. New product innovation is a key trend gaining popularity in the manufacturing analytics market. Major companies operating in the manufacturing analytics market are focused on developing technologically advanced software to strengthen their market position. For instance, in May 2022, Google Cloud Platform, offered by Google, a US-based technology company launched Manufacturing Data Engine and Manufacturing Connect that enable manufacturers to connect previously segregated assets, process and standardize data, and improve visibility from the factory floor to the cloud. The solutions enable three essential AI and analytics-based use cases–manufacturing analytics and insights, predictive maintenance, and machine-level anomaly detection–once data has been harmonized. Manufacturing Data Engine and Manufacturing Connect, both of which are now accessible, assist manufacturers in unifying their data and empowering their employees through simple analytics and AI solutions built on cloud infrastructure. In October 2020, TIBCO Software Inc., a US-based business intelligence software company, acquired Information Builders Inc for an undisclosed amount. Through this acquisition, TIBCO gained the access to a broader range of analytics and technologies, considerably boosting its capacity to assist the world's most prestigious enterprises in solving the most difficult data challenges and further unlock the potential of real-time data for making faster, better decisions. Information Builders Inc is a US-based privately held software company that offers business analytics services. North America was the largest region in the manufacturing analytics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the manufacturing analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the manufacturing analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The manufacturing analytics market includes revenues earned by entities by tools and services transform real-time data into just-in-time insights and enable improved customer service. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The manufacturing analytics market research report is one of a series of new reports from The Business Research Company that provides manufacturing analytics market statistics, including manufacturing analytics industry global market size, regional shares, competitors with a manufacturing analytics market share, detailed manufacturing analytics market segments, market trends and opportunities, and any further data you may need to thrive in the manufacturing analytics industry. This manufacturing analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Manufacturing execution system refers to comprehensive dynamic software designed to monitor, track, and document and control the process of manufacturing from raw material to end product. It acts as a functional layer between ERP (enterprise resource planning) and process control systems, by offering data to decision-makers to establish efficient and optimized production activities. The main offering of manufacturing execution systems includes software and services. The manufacturing execution system software refers to a specialist class of production-oriented software, which is designed to manage, monitor and synchronize the execution of real-time physical processes involved in converting raw materials into finished products. They are deployed through on-premise, on-demand and hybrid delivery models. These systems are used in small and medium-sized enterprises and large enterprises in industries ranging from food & beverages, oil & gas, chemicals, pulp & paper, pharmaceutical & life sciences, energy & power, water & wastewater treatment, and other industries. The global manufacturing execution system market is segmented - 1) By Offering: Software, Services 2) By Deployment: On-premise, On-demand, Hybrid 3) By Organization Size: Small and Medium Size Enterprise, Large Enterprise 4) By Process Industry: Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Pharmaceutical & Life Sciences, Energy & Power, Water & Wastewater Management, Other Process Industries The global manufacturing execution system market size will grow from $13.21 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the manufacturing execution system is expected to grow to $22.89 billion in 2027 at a CAGR of 11.7%. The increase in demand for mass production and a connected supply chain to cater to the growing population is expected to drive the manufacturing execution system market. The companies are increasingly investing in advanced software and AI-based systems to meet the fast-growing demand for mass production activities and connected supply chains. For instance, according the study published in the United Nations Industrial Development Organization, in the Q4 of 2021, global manufacturing production observed a year-on-year growth of 3.3%, following an increase of 5.8% and 17.8% in Q3 and Q2 respectively. Additionally, according to the study conducted by PwC, a Global Industry 4.0 Survey, it was reported that implementation of manufacturing execution systems in production lines contributed to a 30% increase in productivity and increased ROI from cost savings of 3% and additional revenue of 3%. Therefore, mass production and a connected supply chain are expected to boost the manufacturing execution system industry. Major players in the manufacturing execution system market are ABB Ltd., AVEVA plc, Dassault Systèmes, Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, SAP SE, General Electric Company, Oracle Corporation, Emerson Electric Co., Werum IT Solutions GmbH, Accenture, Andea Solutions, Schneider Electric SE, HCL Technologies, and SAP AG. Technological innovations are a key trend gaining popularity in the manufacturing execution systems market. The companies operating in the manufacturing execution systems market are developing innovative products with advanced technologies to meet the fast-growing demand from end customers and strengthen their market position. For instance, in November 2020, Critical Manufacturing, a Portugal-based software company, launched the Industry 4.0 Manufacturing Execution System (MES). It is designed to solve the manufacturing data challenge with a unique approach that combines IIOT, MES, equipment integration and data platform elements for processing, and analytics that promises to accelerate the future of true manufacturing insights and intelligence to drive better business outcomes. In September 2021, Honeywell, a US-based company that provides modular solutions for life science operations efficiency, compliance, and digital transformations, acquired Performix Inc. for an undisclosed amount. With this acquisition, Honeywell's strategy is to construct the world's top integrated software platform for customers in the life sciences industry with the inherent potential to achieve faster compliance, enhanced dependability, and higher production throughput while maintaining the highest levels of quality. Performix Inc., is a Huston-based company involved in offering manufacturing execution system (MES) software for the pharmaceutical and biotech industries. Asia-Pacific was the largest region in the manufacturing execution system market in 2022. The regions covered in the manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the manufacturing execution system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The manufacturing execution system market includes revenues earned by entities by providing services such as business planning and logistics, manufacturing operations management, process control systems, batch control, continuous control, discrete control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The manufacturing execution systems market research report is one of a series of new reports from The Business Research Company that provides manufacturing execution systems market statistics, including manufacturing execution systems industry global market size, regional shares, competitors with a manufacturing execution systems market share, detailed manufacturing execution systems market segments, market trends and opportunities, and any further data you may need to thrive in the manufacturing execution systems industry. This manufacturing execution systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A medical cart refers to typically portable equipment that is configured with drawers, colors, locking mechanisms, and other characteristics to help them store and organize materials and equipment used in various medical operations. The medical cart is used in hospitals to help medical professionals in transporting medical supplies by using trolleys. The main types of medical carts are emergency carts, anesthesia carts, procedure carts, telemedicine carts, and other types. The emergency carts refer to drawers used primarily for cardiac pulmonary resuscitation and emergency conditions in all hospital units. The material types include metal, plastic, and other types. These are used in hospitals, physician offices, and other end users. The global medical carts market is segmented - 1) By Type: Anesthesia Carts, Emergency Carts, Procedure Carts, Telemedicine Cart, Other Type 2) By Material Type: Metal, Plastic, Others Type 3) By End User: Hospitals, Physician Offices, Other End User The global medical carts market size grew from $2.06 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical carts is expected to grow to $3.95 billion in 2027 at a CAGR of 13.9%. The rising adoption of electronic health records (EHR) is expected to propel the growth of the medical cart market going forward. An electronic health record (EHR) is an electronic version of a patient's medical history that is kept up to date. Medical carts with batteries can travel with healthcare professionals and improves EHR accessibility. For instance, according to Health IT, a US-based organization that represents and serves all types of hospitals and health care networks, as per the data 2019-21 shows that about 86% of non-federal general acute care hospitals have adopted a certified electronic health record (EHR). Therefore, the rising adoption of electronic health records (EHR) is driving the growth of the medical carts market. Major players in the market are ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co, AFC Industries, Midmark Corporation, The Bergmann Group, Capsa Healthcare, Jaco Inc., Waterloo Healthcare, Ergotron Inc., The Bergmann Group, Armstrong Medical Inc., Onyx Healthcare Inc and AMD Global Telemedicine Inc. Product innovation is a key trend gaining popularity in the medical carts market. Major companies operating in the medical carts market are developing new products to strengthen their position in the market. For instance, in December 2021, Advantech, a US-based provider of medical carts, launched the AMiS-30EP clinical pole cart for comfortable positioning and rapid care delivery. This product features four anti-static 4" casters for easy movement on floor surfaces. This furnishes a highly customizable cart solution for use in diverse healthcare environments. In August 2021, Capsa Healthcare, a US-based leader in developing and delivering innovative healthcare solutions, acquired Specialty Carts for an undisclosed amount. Through this acquisition, Capsa has grown steadily through a combination of internal development and the acquisition of complementary product brands and platforms. Specialty Carts is a US-based medical cart manufacturer, primarily for the long-term care industry. North America was the largest region in the medical carts market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical carts market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical carts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The medical cart market consists of sales ofisolation/infection control carts, medical cart accessories, medical computer carts, medication carts, MRI medical carts and pediatric emergency medical carts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical carts market research report is one of a series of new reports from The Business Research Company that provides medical carts market statistics, including medical carts industry global market size, regional shares, competitors with a medical carts market share, detailed medical carts market segments, market trends and opportunities, and any further data you may need to thrive in the medical carts industry. This medical carts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electronic contract manufacturing and design services are defined as a form of engineering and manufacturing outsourcing services that companies use to test, manufacture and distribute products, and provide return and repair services. The complexity and wide variety of electronic devices make OEMs choose electronic contract manufacturers to outsource their products for the efficient manufacturing process and to focus on internal operations such as new product development with greater complexity and higher margins. The main types of electronic contract manufacturing and design services are designing, assembly, manufacturing, and others. Designing refers to a method of human expression that follows a system of highly developed procedures in order to imbue objects, performances, and experiences with significance. These are used in various applications such as consumer electronics, electronic components, computers & peripherals, industrial electronics, others by various end-user industries including healthcare, automotive, industrial, aerospace and defense, IT and telecom, power and energy, consumer electronics, others. The global electronic contract manufacturing and design services market is segmented - 1) By Type: Designing, Assembly, Manufacturing, Other Types 2) By Application: Consumer Electronics, Electronic Components, Computers & Peripherals, Industrial Electronics, Other Applications 3) By End User: Healthcare, Automotive, Industrial, Aerospace and Defense, IT and Telecom, Power and Energy, Consumer Electronics, Other End Users The global electronic contract manufacturing and design services market size will grow from $429.85 billion in 2022 to $477.89 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global electronic contract manufacturing and design services is expected to grow to $732.34 billion in 2027 at a CAGR of 11.3%. The increase in demand for consumer electronics is significantly contributing to the growth of the electronic contract manufacturing and design services market. Consumer electronics are the instruments, machines, and apparatus that are used by end-users or consumers on a daily basis that provide one or more functionalities in a home or for a particular individual for professional or personal use. Consumer electronics include televisions, computers, laptops, smartphones, watches, and tablets. The rising demand for consumer electronics increases the need for outsourcing of electronics components from electronic contract manufacturing companies, which reduces the cost of manufacturing, assembling of products, and design services and increases operational efficiency in manufacturing. For instance, according to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian appliances and consumer electronics market size is expected to grow more than two-folds in the next five to six years and reach up to $26.81 billion. Also, according to ClearSale, the revenue in the consumer electronics segment is anticipated to increase by more than USD360 billion in 2020 and more than USD450 billion by 2024. Therefore, the increase in demand for consumer electronics is driving the growth of electronic contract manufacturing and design services. Major players in the electronic contract manufacturing and design services market are Flex Ltd., Hon Hai Precision Industry Co., Ltd., Benchmark Electronics, Celestica Inc., Venture Corporation Limited, Fabrinet, Plexus Corp., Sanmina Corporation, Compal Electronics, Inc., Universal Scientific Industrial Co., Ltd., New Kinpo Group, Creating Technologies LP, Shenzhen Kaifa Technology, LCS Company, and Bassett Industries, Inc. Strategic partnerships and collaborations are the key trends being followed by the companies operating in the electronic contract manufacturing and design services market. This is due to the presence of a large number of electronics manufacturing companies operating in the market and their desire to extend their growth in new areas to be a leader in the market. For instance, in September 2021, BioSig Technologies, Inc., an American medical device company, and Plexus Corp., an American-based contract electronics manufacturing company, formed a technological and strategic partnership for the commercialization and development of a new biomedical signal processing platform, which provides a full range of applications in arrhythmia care for BioSig’s subsidiary NeuroClear Technologies. In March 2020, Universal Scientific, a China-based electronic design and manufacturing services company, acquired Asteelfash Group for an undisclosed amount. Through this acquisition, Universal Scientific aims to expand its overseas manufacturing sites and operational systems to meet the needs of the European and US markets. Asteelfash Group is a France-based multinational electronics contract manufacturing company. Asia-Pacific was the largest region in the electronics contract manufacturing and design services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic contract manufacturing and design services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electronic contract manufacturing and design services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The electronic contract manufacturing and design services market includes revenues earned by entities by providing services such as electronic design and engineering, electronics assembly, electronic manufacturing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electronic contract manufacturing and design services research report is one of a series of new reports from The Business Research Company that provides electronic contract manufacturing and design services statistics, including electronic contract manufacturing and design services industry global market size, regional shares, competitors with electronic contract manufacturing and design services share, detailed electronic contract manufacturing and design services segments, market trends and opportunities, and any further data you may need to thrive in the electronic contract manufacturing and design services industry. This electronic contract manufacturing and design services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Medical equipment are devices that can be instrument, apparatus or machine that can be used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting or modifying the structure or function of the body for health purpose. The main types of medical equipment are in-vitro diagnostics, dental equipment and supplies, ophthalmic devices, diagnostic imaging equipment, cardiovascular devices, hospital supplies, surgical equipment, orthopedic devices, patient monitoring devices, diabetes care devices, nephrology and urology devices, ENT devices, anesthesia and respiratory devices, neurology devices, and wound care devices. In-vitro diagnostics are tests done on samples like blood or tissue that is taken from the human body. In-vitro diagnostics will detect diseases or other conditions and are used to monitor a person’s overall health to cure, treat, or prevent diseases. The type of expenditure involved is public and private. The various product are instruments/equipment and disposables. The various end users involved are hospitals and clinics, homecare, diagnostics centres, and others. The global medical equipment market is segmented - 1) By Type: In-Vitro Diagnostics, Dental Equipment And Supplies, Ophthalmic Devices, Diagnostic Imaging Equipment, Cardiovascular Devices, Hospital Supplies, Surgical Equipment, Orthopedic Devices, Patient Monitoring Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices 2) By Type of Expenditure: Public, Private 3) By Product: Instruments/Equipment, Disposables 4) By End User: Hospitals And Clinics, Homecare, Diagnostics Centers, Other End Users Subsegments Covered: Point-of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Clinical Chemistry Diagnostics Devices And Equipment, Molecular Diagnostics Devices And Equipment, Microbiology Diagnostic Devices And Equipment, Hemostasis Diagnostic Devices And Equipment, Hematology Diagnostic Devices And Equipment, Immunohematology Diagnostic Devices And Equipment, Therapeutic Dental Equipment, General Dental Devices And Equipment, Dental Diagnostic Imaging Devices And Equipment, Dental Surgical Devices And Equipment, Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment, X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment, Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment, Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment, Surgical Sutures And Staples, Handheld Surgical Devices And Equipment, Electrosurgical Devices And Equipment, Joint Reconstruction Devices And Equipment, Spinal Surgery Devices And Equipment, Trauma Fixation Devices And Equipment, Orthobiologics Devices And Equipment, Arthroscopy Devices And Equipment, Orthopedic Braces And Support Devices And Equipment, Craniomaxillofacial (CMF) Devices And Equipment, Orthopedic Prosthetics, Orthopedic Accessories,, Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices And Equipment, Vital Parameter Monitoring Devices And Equipment, Remote Patient Monitoring Devices And Equipment, Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment, Blood Glucose Meters, Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment, Endoscopy Devices And Equipment, Hearing Aid Devices And Equipment, Hearing Diagnostic Devices And Equipment, ENT Surgical Devices And Equipment, Hearing Implants, Voice Prosthesis Devices And Equipment, Nasal Splints, Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables, Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices, Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices The global medical equipment market grew from $639.75 billion in 2022 to $695.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical equipment is expected to grow to $922.39 billion in 2027 at a CAGR of 7.3%. The rise in sedentary jobs, busy lifestyles, and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes, and cardiovascular diseases. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020. This is increasing the demand for medical devices used in the diagnosis, prognosis, and treatment of several diseases, thereby driving the demand for medical equipment. These factors are expected to increase the patient pool globally, thereby driving the growth of the medical equipment market during the forecast period. Major companies in the medical equipment market include Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson, Siemens AG, STRYKER CORPORATION, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd., and Boston Scientific Corporation. Regulatory changes are likely to lead to increased costs relating to new product development and service offerings to clients. These changes are related to customer data protection such as the European Union's General Data Protection Regulation (GDPR), changes to equipment approval procedures, and other regulatory changes. For instance, according to cookieyed data 2021, in the US, PwC reported that 68% of 200 businesses surveyed intended to spend between $1 million and $10 million to comply with GDPR regulations. The GDPR regulation is an EU law on data protection and privacy of individuals residing in the European Union and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA areas. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k)s by over 55% over the last decade. The potential loss of revenue due to delays in product release and additional costs incurred due to stringent approval processes puts a strain on investments relating to new product development, thereby affecting the growth of the medical equipment market. Device performance and patient data are available to healthcare service providers and are helping them to improve patient monitoring and overall care quality. Some companies are integrating medical equipment market data with EMR (Electronic Medical Records) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing, and security technologies. For example, Medtronic launched a tool to augment their cardiac devices to securely transfer device data to doctors and allow them to monitor the critical health indicators of their patients. North America was the largest region in the global medical equipment market in 2022. Asia-Pacific was the second largest region in the global medical equipment market share. The regions covered in the medical equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The medical equipment market consists of sales of devices used in the diagnosis, treatment and monitoring of medical conditions. The market includes diagnostic devices, imaging devices, surgical devices and patient monitoring devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in the medical equipment market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified medical equipment market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the medical equipment market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical equipment market research report is one of a series of new reports from The Business Research Company that provides medical equipment market statistics, including medical equipment industry global medical equipment market size, regional shares, competitors with a medical equipment market share, detailed medical equipment market segments, medical equipment market trends and opportunities, and any further data you may need to thrive in the medical equipment industry. This medical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The diagnostic devices (or) equipment market consists of sales of diagnostic equipment and related services by entities (organizations, sole traders, and partnerships) that are used to identify the nature or cause of a certain phenomenon, usually related to a medical condition. Some of the devices include magnetic resonance imaging apparatuses, temperature sensors or pacemakers. The main types of diagnostic devices or equipment are x-rayed systems, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging systems, cardiovascular monitoring and diagnostic devices, and nuclear imaging devices. X-rays refer to a type of electromagnetic radiation, just like visible light. The mobility is stationary and mobile and is used in hospitals and diagnostic imaging centers. The global diagnostic equipment market size is expected to grow from $43.81 billion in 2021 to $47.74 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The global diagnostic equipment market size is expected to grow to $59.46 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. An increase in the geriatric population is expected to propel the growth of the diagnostic devices market going forward. Older people are likely to suffer from diseases such as diabetes, cancer, and arthritis, among others, which would increase the demand for diagnostic devices. For instance, in 2020, according to the United Nations, a US-based intergovernmental organization, there are approximately 727 million persons are aged 65 years and above worldwide, and expected to reach approximately 1.5 billion persons by 2050. Therefore, the increase in the geriatric population is driving the growth of the diagnostic devices market.  The emergence of routine diagnostic kits is a key trend gaining popularity in the diagnostic devices market. Companies operating in the market are focusing on developing diagnostic kits to gain market coverage. For instance, in March 2022, Mylab Discovery Solutions, an India-based healthcare company, is set to launch an entire range of routine diagnostic kits and devices in conventional and point-of-care formats. Immunology, Biochemistry, and Haematology are the three main market sub-segments represented by the devices and kits included in them.  In July 2021, DiaSorin S.p.A., an Italy-based biotechnology company, acquired Luminex Corporation for a deal amount of $1.8 billion. Through the acquisition, DiaSorin would gain access to Luminex’s multiplexing technology and a portfolio that would strengthen its existing offering while expanding the group's presence in the United States. Further, this agreement would give the life science sector access to Luminex's applications, promoting academic and scientific research, improving collaboration with biopharma businesses, and boosting access to clinical multiplexing assays for upcoming Value-Based Care initiatives. Luminex Corporation is a US-based biotechnology company that manufactures medical diagnostic devices. Major players in the diagnostic equipment market include Philips Healthcare, Hitachi Medical Systems, Fujifilm Holdings, Siemens Healthcare, and GE Healthcare. The regions covered in global diagnostic equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the diagnostic devices or equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global diagnostic equipment market is segmented - 1) By Type: X-Ray Systems, Ultrasound Systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging Systems, Cardiovascular Monitoring and Diagnostic Devices, and Nuclear Imaging Device 2) By Mobility: Stationary, Mobile 3) By End User: Hospitals, Diagnostic imaging centres