U.S. Medical Sector Contract Electronic Manufacturing Market – Key Developments
Strategic approaches adopted help the major players to sustain their growth in the U.S. Medical Sector Contract Electronic Manufacturing Market and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players.
Benchmark Electronics, Inc.
Benchmark Electronics, Inc. is a U.S. based company, is involved in providing services for integrated electronics manufacturing services (EMS), engineering and design services, and precision machining services.
December, 2015: The Company announced the acquisition of Secure Communication Systems, Inc. a deal of USD 230 million. This agreement is expected to enhance benchmark’s margins and earnings per share
Headquartered in Singapore, FLEX LTD is one of the leading provider of innovative design, solutions, services, engineering, manufacturing, and supply chain services from conceptual sketch to full-scale production.
April, 2017: The Company announced its expansion in Israel by opening a new design centre in Haifa. This expansion will enhance the companies R&D activities in Israel
September, 2016: The Company announced its partnership with iHear Medical that will advance the hearing products of iHear. In this partnership, Flex will serve as the Company’s primary manufacturer and supplier
U.S. Medical Sector Contract Electronic Manufacturing Market – Highlights
The U.S. medical sector contract electronic manufacturing market is expected to grow at CAGR 8.8%. The various factors that drive the growth of the market include economics of production and trade, economies of scale, and various others. However technological advancements such as growing power of processing, substitution of 2D with 3D and even 4D to enable greater resolution and real time images in high-clarity ultrasonography is the most critical driving factor.
The advent of positron emission tomography (PET) is expected to revolutionize as it enables the study of metabolic processes in the body. There also is an increasing trend to incorporate analytics in the medical electronics devices which we believe will lead to a matrix of connected healthcare delivery. However there are few factors that hamper the market that include high cost of labour, issues of standardization and interoperability and others.
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The U.S. medical sector contract electronics manufacturing market has been evaluated as a growing market and it is expected that the market will touch middle single digit growth figures in future. The U.S. medical sector contract electronics manufacturing market is expected to grow with CAGR of ~8.8% during the forecast period.
Original design manufacturing services is the most lucrative segment which offers advantages such as rise in total ownership of the final product, maintenance and future development of in-house skills and technology etc. Outsourced design manufacturing (ODM) would be the next logical step for any medical sector contract electronic manufacturer.
U.S. Medical Sector Contract Electronic Manufacturing Market – Key Players
Some of the key players in this market are: Benchmark Electronics, Inc., Flex Ltd. Celestica Inc., Jabil Circuit Inc., Sanmina Corporation, Nortech Systems, Inc., TE Connectivity Corporation, Forefront Medical Technologies and others.
U.S. Medical Sector Contract Electronic Manufacturing Market – Segmentation
U.S. medical sector contract electronic manufacturing market has been segmented on the basis of industry subsectors which comprises surgical appliances and medical instruments, electro-medical apparatus, diagnostics, irradiation apparatuses, dental equipment and supplies.
On the basis of contract service type the market comprises of super electronic manufacturing services, original design manufacturing services.
On the basis of end user; market is segmented into hospitals & clinics, diagnostic centers, academic & research institutes.
U.S. Medical Sector Contract Electronic Manufacturing Market – Regional Analysis
U.S. market for medical sector contract electronic manufacturing is divided between its regions such as south, west, north east and mid-west. The south region dominate the U.S. followed by and northeast. The various regions have different capabilities in the manufacture as well as demand of medical sector electronics.
Medical sector contract electronic manufacturing companies are concentrated in regions having support of other high tech industries, such as microelectronics and biotechnology. The U.S. medical sector contract electronics sector is highly fragmented with approximately 75% of companies in the United States consist of fewer than 50 employees, and many especially start-up companies operates in niche market.
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Major Table of Contents
1 Report Prologue
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
4 Market Dynamics
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