Table of Content

1 INTRODUCTION 34
1.1 OBJECTIVES OF THE STUDY 34
1.2 MARKET DEFINITION 34
1.2.1 INCLUSIONS & EXCLUSIONS 35
1.3 MARKET SCOPE 35
1.3.1 MARKETS COVERED 35
1.3.2 YEARS CONSIDERED FOR THE STUDY 36
1.4 CURRENCY 36
TABLE 1 STANDARD CURRENCY CONVERSION RATES (UNIT OF USD) 36
1.5 LIMITATIONS 36
1.6 STAKEHOLDERS 37
1.7 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 40
2.1.2 PRIMARY DATA 41
FIGURE 2 PRIMARY SOURCES 41
2.1.2.1 Key data from primary sources 42
2.1.2.2 Key industry insights 43
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 43
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 44
2.2 MARKET SIZE ESTIMATION 44
FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 45
FIGURE 6 REVENUE SHARE ANALYSIS ILLUSTRATION: FLEX, LTD. 46
FIGURE 7 SUPPLY-SIDE ANALYSIS: APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET (2020) 47
FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 48
FIGURE 9 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET (2020–2025) 49
FIGURE 10 TOP-DOWN APPROACH 50
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 51
FIGURE 11 MARKET DATA TRIANGULATION METHODOLOGY 51
FIGURE 12 CRITERIA IMPACTING THE GLOBAL ECONOMY 54
FIGURE 13 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 55
3 EXECUTIVE SUMMARY 57
FIGURE 14 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY DEVICE TYPE, 2021 VS. 2026 (USD MILLION) 57
FIGURE 15 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY CLASS OF DEVICE, 2021 VS. 2026 (USD MILLION) 58
FIGURE 16 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY SERVICE, 2021 VS. 2026 (USD MILLION) 59
FIGURE 17 GEOGRAPHIC SNAPSHOT: APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET 60
4 PREMIUM INSIGHTS 61
4.1 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET OVERVIEW 61
FIGURE 18 INCREASING ADOPTION OF CONTRACT MANUFACTURING SERVICES TO DRIVE THE MARKET GROWTH 61
4.2 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DRUG DELIVERY DEVICES, BY TYPE 62
FIGURE 19 INFUSION SETS AND ADMINISTRATION SETS COMMANDED THE LARGEST SHARE OF THE MARKET IN 2020 62
4.3 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET: GEOGRAPHIC MIX 63
FIGURE 20 CHINA TO WITNESS THE HIGHEST GROWTH IN THE MARKET DURING THE FORECAST PERIOD 63
4.4 COUNTRY MIX: ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET 64
FIGURE 21 CHINA DOMINATED THE APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET IN 2020 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
TABLE 3 MARKET DYNAMICS: IMPACT ANALYSIS 65
5.2 MARKET DRIVERS 66
5.2.1 GROWTH IN THE MEDICAL DEVICES MARKET 66
FIGURE 22 ASIA PACIFIC: GDP GROWTH RATE (%), 2018 VS. 2023 (FORECAST) 66
5.2.2 TECHNOLOGICAL ADVANCEMENTS IN MEDICAL DEVICE MODALITIES 67
FIGURE 23 FACTORS DRIVING THE DEMAND FOR CONTRACT MANUFACTURING 68
5.2.3 IMPACT OF INDUSTRY 4.0 ON THE MEDICAL DEVICES INDUSTRY 68
5.3 MARKET RESTRAINTS 69
5.3.1 CONSOLIDATION IN THE MEDICAL DEVICES MARKET 69
TABLE 4 KEY ACQUISITIONS IN THE MEDICAL DEVICES INDUSTRY 69
5.4 MARKET OPPORTUNITIES 69
5.4.1 GROWING HEALTHCARE EXPENDITURE IN THE APAC REGION 69
FIGURE 24 ASIA PACIFIC: HEALTHCARE EXPENDITURE PER CAPITA
(2002 VS. 2010 VS. 2018) 70
5.4.2 INCREASED LIFE EXPECTANCY 70
FIGURE 25 ESTIMATED INCREASE IN THE GERIATRIC POPULATION, BY REGION,
2019 VS. 2050 71
TABLE 5 AVERAGE LIFE EXPECTANCY (YEARS), 2023 (FORECAST) 71
5.5 MARKET CHALLENGES 72
5.5.1 BALANCING TECHNOLOGICAL CAPABILITIES AGAINST COSTS 72
5.6 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS (2020): ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET 73
TABLE 6 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.6.1 THREAT FROM NEW ENTRANTS 74
5.6.1.1 Growth in the overall medical device industry 74
5.6.1.2 Industry demand for compact, cost-effective, and non-invasive devices 74
5.6.1.3 Consolidation 74
5.6.1.4 Poor financing environment 74
5.6.1.5 Proficient management teams 74
5.6.1.6 Stringent regulatory environment 74
5.6.2 THREAT FROM SUBSTITUTES 75
5.6.2.1 Undesirability of existing portfolios 75
5.6.2.2 Combination and integration of multiple technologies 75
5.6.2.3 Availability of alternatives 75
5.6.3 BARGAINING POWER OF SUPPLIERS 75
5.6.3.1 Big medical device contract manufacturing companies 75
5.6.3.2 Institutional technology providers 75
5.6.3.3 Substantially innovative technologies 76
5.6.3.4 Dysfunctional companies 76
5.6.3.5 Academic inventors 76
5.6.4 BARGAINING POWER OF BUYERS 76
5.6.4.1 Few buyers and many sellers 76
5.6.4.2 Buy-out threat 76
5.6.4.3 Demand for new pipeline services 76
5.6.4.4 Point of differentiation 76
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.6.5.1 Similar spectrum of services offered 77
5.6.5.2 Similar funding source 77
5.6.5.3 Self-funded big contract manufacturers 77
5.6.5.4 Highly fragmented industry 77
5.7 REGULATORY ANALYSIS 77
5.7.1 NORTH AMERICA 77
5.7.1.1 US 77
TABLE 7 US: CLASSIFICATION OF MEDICAL EQUIPMENT 77
TABLE 8 US: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 78
5.7.1.2 Canada 78
TABLE 9 CANADA: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 78
5.7.2 EUROPE 79
TABLE 10 EUROPE: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 79
5.7.3 ASIA PACIFIC 79
5.7.3.1 Japan 79
TABLE 11 JAPAN: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 80
5.7.3.2 China 80
TABLE 12 CHINA: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 80
5.7.3.3 India 81
5.8 VALUE CHAIN ANALYSIS 81
FIGURE 27 VALUE CHAIN: ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET 81
5.9 SUPPLY CHAIN ANALYSIS 82
FIGURE 28 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET: SUPPLY CHAIN (2020) 82
5.10 ECOSYSTEM MAPPING 83
FIGURE 29 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET: ECOSYSTEM (2020) 83
FIGURE 30 COVID-19 IMPACT ON THE IVD ECOSYSTEM, 2020 83
5.11 KEY MARKETS FOR IMPORT AND EXPORT (TRADE ANALYSIS FOR MEDICAL DEVICES) 84
TABLE 13 IMPORT VALUE OF MEDICAL DEVICES FOR TOP 10 COUNTRIES IN 2018 84
FIGURE 31 VALUE OF MEDICAL EQUIPMENT EXPORTS FROM CHINA, 2008–2019 84
5.12 COVID-19 IMPACT 85
6 INDUSTRY TRENDS 86
6.1 INCREASING CONSOLIDATION OF OEMS AND CMOS 86
TABLE 14 KEY EXAMPLES OF OEM CONSOLIDATION IN THE LAST 5 YEARS 86
TABLE 15 KEY EXAMPLES OF CMO CONSOLIDATION 87
6.2 GROWING INTEREST OF PRIVATE EQUITY FIRMS IN MEDICAL DEVICE CONTRACT MANUFACTURING 87
TABLE 16 KEY ACQUISITIONS BY PRIVATE EQUITY FIRMS 88
6.3 OUTSOURCING OF MEDICAL DEVICE CONTRACT MANUFACTURING SERVICES 88
TABLE 17 EXAMPLES OF KEY COLLABORATIONS AND AGREEMENTS 89
7 APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY DEVICE TYPE 90
7.1 INTRODUCTION 91
TABLE 18 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY DEVICE TYPE, 2019–2026 (USD MILLION) 91
7.2 IVD DEVICES 92
TABLE 19 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR IVD DEVICES, BY TYPE, 2019–2026 (USD MILLION) 92
TABLE 20 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR IVD DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 92
7.2.1 IVD CONSUMABLES 93
7.2.1.1 Increased accessibility and demand for reagents & kits and increasing volume of IVD tests performed are the key factors driving market growth 93
TABLE 21 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR IVD CONSUMABLES, BY COUNTRY, 2019–2026 (USD MILLION) 94
7.2.2 IVD EQUIPMENT 94
7.2.2.1 Advances in life sciences research to support market growth 94
TABLE 22 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR IVD EQUIPMENT, BY COUNTRY, 2019–2026 (USD MILLION) 95
7.3 DIAGNOSTIC IMAGING DEVICES 95
7.3.1 ADOPTION OF NEW AND ADVANCED DIAGNOSTIC IMAGING SYSTEMS IN DEVELOPING COUNTRIES TO SUPPORT MARKET GROWTH 95
TABLE 23 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DIAGNOSTIC IMAGING DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 96
7.4 CARDIOVASCULAR DEVICES 96
7.4.1 RISING PREVALENCE OF CARDIOVASCULAR DISEASES TO DRIVE THE DEMAND FOR CONTRACT MANUFACTURING SERVICES 96
TABLE 24 PREVALENCE OF CARDIOVASCULAR DISEASES IN ASIA PACIFIC COUNTRIES, 2015–2035 97
TABLE 25 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR CARDIOVASCULAR DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 97
7.5 DRUG DELIVERY DEVICES 97
TABLE 26 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DRUG DELIVERY DEVICES, BY TYPE, 2019–2026 (USD MILLION) 98
TABLE 27 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DRUG DELIVERY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 98
7.5.1 INFUSION DEVICES AND ADMINISTRATION SETS 99
7.5.1.1 Rising incidence of chronic diseases & growing number of surgical procedures to drive market growth 99
TABLE 28 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR INFUSION DEVICES AND ADMINISTRATION SETS, BY COUNTRY, 2019–2026 (USD MILLION) 100
7.5.2 SYRINGES 100
7.5.2.1 Growing demand for syringes among patients and healthcare professionals to drive market growth 100
TABLE 29 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR SYRINGES, BY COUNTRY, 2019–2026 (USD MILLION) 101
7.5.3 INHALERS 101
7.5.3.1 High prevalence of asthma and COPD to drive market growth 101
TABLE 30 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR INHALERS, BY COUNTRY, 2019–2026 (USD MILLION) 102
7.5.4 AUTOINJECTORS & PEN INJECTORS 102
7.5.4.1 Increasing focus on developing technologically advanced autoinjectors to drive the market 102
TABLE 31 RECENT APPROVALS FOR AUTOINJECTORS & PEN INJECTORS ACROSS THE GLOBE 103
TABLE 32 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR AUTOINJECTORS & PEN INJECTORS, BY COUNTRY, 2019–2026 (USD MILLION) 103
7.6 ORTHOPEDIC DEVICES 104
7.6.1 CONSOLIDATION IN THE ORTHOPEDIC DEVICES MARKET TO DRIVE THE GROWTH OF THIS SEGMENT 104
TABLE 33 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR ORTHOPEDIC DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 104
7.7 RESPIRATORY CARE DEVICES 105
7.7.1 COVID-19 TO BOOST THE DEMAND FOR CONTRACT MANUFACTURING OF RESPIRATORY CARE DEVICES 105
TABLE 34 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR RESPIRATORY CARE DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 105
7.8 OPHTHALMOLOGY DEVICES 106
7.8.1 INCREASING PREVALENCE OF OPHTHALMIC DISEASES & TECHNOLOGICAL ADVANCEMENTS IN OPHTHALMIC DEVICES TO SUPPORT MARKET GROWTH 106
TABLE 35 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR OPHTHALMOLOGY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 106
7.9 SURGICAL DEVICES 107
7.9.1 INCREASE IN THE NUMBER OF SURGICAL PROCEDURES WILL DRIVE SEGMENTAL GROWTH 107
TABLE 36 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR SURGICAL DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 107
7.10 DIABETES CARE DEVICES 108
7.10.1 RISING PREVALENCE OF DIABETES TO DRIVE THE DEMAND FOR DIABETES DEVICES AND CONSUMABLES 108
FIGURE 32 ADULT POPULATION VS. DIABETIC POPULATION VS. IMPAIRED GLUCOSE TOLERANCE, 2019 VS. 2030 VS. 2045 (SOUTHEAST ASIA) 108
TABLE 37 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DIABETES CARE DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 109
7.11 DENTAL DEVICES 109
7.11.1 RISING INCIDENCE OF DENTAL DISEASES, COUPLED WITH THE INCREASING ADOPTION OF TECHNOLOGICALLY ADVANCED DENTAL DIAGNOSTIC DEVICES, TO DRIVE MARKET GROWTH 109
TABLE 38 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR DENTAL DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 110
7.12 ENDOSCOPY DEVICES 110
7.12.1 GROWTH IN THIS MARKET IS DRIVEN BY THE RISING PATIENT PREFERENCE FOR MINIMALLY INVASIVE PROCEDURES 110
TABLE 39 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR ENDOSCOPY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 111
7.13 GYNECOLOGY/UROLOGY DEVICES 111
7.13.1 GROWING AWARENESS AND PREVENTIVE CHECK-UPS FOR LATE-PHASE DIAGNOSIS OF STDS WILL PROPEL THE GYNECOLOGY/UROLOGY DEVICES SEGMENT 111
TABLE 40 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR GYNECOLOGY/UROLOGY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 112
7.14 PERSONAL CARE DEVICES 112
7.14.1 SHIFT IN CONSUMPTION PATTERN TOWARDS PREMIUM PERSONAL CARE PRODUCTS TO DRIVE THE GROWTH OF THIS SEGMENT 112
TABLE 41 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR PERSONAL CARE DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 113
7.15 NEUROLOGY DEVICES 113
7.15.1 RISING GLOBAL BURDEN OF NEUROLOGICAL DISEASES WILL DRIVE GROWTH IN THIS SEGMENT 113
TABLE 42 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR NEUROLOGY DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 114
7.16 OTHER DEVICES 114
TABLE 43 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET FOR OTHER DEVICES, BY COUNTRY, 2019–2026 (USD MILLION) 114
8 APAC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET, BY SERVICE 115
8.1 INTRODUCTION 116
FIGURE 33 STAGES INVOLVED IN THE CONTRACT MANUFACTURING OF MEDICAL DEVICES 116
TABLE 44 ASIA PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET,
BY SERVICE, 2019–2026 (USD MILLION) 117
8.2 DEVICE DEVELOPMENT AND MANUFACTURING SERVICES 117
TABLE 45 ASIA PACIFIC DEVICE DEVELOPMENT AND MANUFACTURING SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 117
TABLE 46 ASIA PACIFIC DEVICE DEVELOPMENT AND MANUFACTURING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 118
8.2.1 DEVICE MANUFACTURING SERVICES 118
TABLE 47 ASIA PACIFIC DEVICE MANUFACTURING SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 119
TABLE 48 ASIA PACIFIC DEVICE MANUFACTURING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 119
8.2.1.1 Electronic manufacturing services 119
8.2.1.1.1 Rising demand for miniaturization and more complex medical products to drive growth in the electronic manufacturing services segment 119
TABLE 49 ASIA PACIFIC ELECTRONIC MANUFACTURING SERVICES MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 120
8.2.1.2 CNC machining and laser cutting & 3D printing services 120
8.2.1.2.1 Extensive applications of CNC machining, laser cutting, and 3D printing in the manufacturing of medical devices and components to drive market growth 120
TABLE 50 ASIA PACIFIC CNC MACHINING AND LASER CUTTING & 3D PRINTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 121
8.2.1.3 Extrusion tubing services 121
8.2.1.3.1 Rising utility of extrusion tubing in minimally invasive surgical applications to drive market growth 121
TABLE 51 ASIA PACIFIC EXTRUSION TUBING SERVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 122
8.2.1.4 LSR molding services 122
8.2.1.4.1 Ability of LSR molding to produce consistent parts from cycle to cycle?a key factor driving market growth 122
TABLE 52 ASIA PACIFIC LSR MOLDING SERVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 123
8.2.1.5 Thermoplastic injection molding services 123
8.2.1.5.1 Long tooling time and high cost could restrain the growth of the thermoplastic injection molding services segment 123
TABLE 53 ASIA PACIFIC THERMOPLASTIC INJECTION MOLDING SERVICES MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 124
8.2.1.6 Cleaning and finishing services 124
8.2.1.6.1 High-quality cleaning and finishing needed to meet the regulatory requirements for sterility and hygiene of medical devices to drive market growth 124
TABLE 54 ASIA PACIFIC CLEANING AND FINISHING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 125
8.2.1.7 Other device manufacturing services 125
TABLE 55 ASIA PACIFIC OTHER DEVICE MANUFACTURING SERVICES MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 125
8.2.2 DEVICE ENGINEERING SERVICES 126
8.2.2.1 Complexity of device engineering services to drive the demand for this market 126
TABLE 56 ASIA PACIFIC DEVICE ENGINEERING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 127
8.2.3 PROCESS DEVELOPMENT SERVICES 127
8.2.3.1 Need to meet functionality, usability, and regulatory objectives
of medical devices to drive market growth 127
FIGURE 34 MEDICAL DEVICE PROCESS DEVELOPMENT SERVICES 128
TABLE 57 ASIA PACIFIC PROCESS DEVELOPMENT SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 129
8.3 QUALITY MANAGEMENT SERVICES 129
TABLE 58 ASIA PACIFIC QUALITY MANAGEMENT SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 129
TABLE 59 ASIA PACIFIC QUALITY MANAGEMENT SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 130
8.3.1 PACKAGING VALIDATION SERVICES 130
8.3.1.1 Increasing product safety concerns for medical devices are a major factor driving the demand for packaging validation services 130
TABLE 60 ASIA PACIFIC PACKAGING VALIDATION SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 130
8.3.2 INSPECTION & TESTING SERVICES 131
8.3.2.1 Need to meet compliance standards at manufacturing sites driving the growth of this segment 131
TABLE 61 ASIA PACIFIC INSPECTION & TESTING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 131
8.3.3 STERILIZATION SERVICES 131
8.3.3.1 Rising complexity of sterility standards to drive market growth 131
TABLE 62 ASIA PACIFIC STERILIZATION SERVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 132
8.4 PACKAGING AND ASSEMBLY SERVICES 132
FIGURE 35 FINAL ASSEMBLY SERVICES IN THE GLOBAL VALUE CHAIN OF MEDICAL DEVICES 132
TABLE 63 ASIA PACIFIC PACKAGING AND ASSEMBLY SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 133
TABLE 64 ASIA PACIFIC PACKAGING AND ASSEMBLY SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 133
8.4.1 PRIMARY & SECONDARY PACKAGING 133
8.4.1.1 Growth in the primary and secondary packaging segment propelled by the need for adherence to regulations and patient safety 133
TABLE 65 ASIA PACIFIC PRIMARY AND SECONDARY PACKAGING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 134
8.4.2 LABELING 134
8.4.2.1 Rising incidence of export bans and product recalls due to improper labeling to boost growth in this segment 134
TABLE 66 ASIA PACIFIC LABELING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 135
8.4.3 OTHER PACKAGING AND ASSEMBLY SERVICES 135
TABLE 67 ASIA PACIFIC OTHER PACKAGING AND ASSEMBLY SERVICES MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 135
8.5 OTHER MEDICAL DEVICE CONTRACT MANUFACTURING SERVICES 136
TABLE 68 ASIA PACIFIC OTHER MEDICAL DEVICE CONTRACT MANUFACTURING SERVICES MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 136