ID: MRFR/MED/0278-HCR | February 2021 | Region: Global | 80 pages
In 2016, the Healthcare OEM Market registered to generate a market size of USD 160 billion, and further, it has predicted to increase the healthcare OEM market share to USD 250 billion by the end of the year 2023. Moreover, the global Healthcare OEM Industry has been estimated to meet approximately 16.2% CAGR for the assessment period 2017 to 2023. Original Equipment Manufacturers (OEM) are nothing but some companies that are producing certain healthcare products, which can be marketed globally by another healthcare manufacturer. The OEM products are manufactured widely to utilize as components for the final end product production. Thus, these effective products work as the raw materials for the final product manufacturing.
Healthcare software companies and medical instruments and devices manufactures are getting involved in the Healthcare OEM Market. These healthcare software companies are developing healthcare software to better manage hospitals, clinics, healthcare institutions, and nursing homes. In the global Healthcare OEM Industry, the intended audiences are Medical devices suppliers, Healthcare IT companies, Medical device manufactures, Research and Development (R&D) Companies, Contract Research Organizations (CROs), and Academic Medical Institutes and Universities.
According to the global Healthcare OEM Market report, the global market is increasing its demands for various types of OEM products. In the medical devices and instruments product type, the surgical devices and instruments are saws and plaster instruments, artery forceps, retractors, stents, tracheotomy instruments, scalpers and operating knives, scissors, eye instruments, suture instruments, needles as well as other devices are gall bladder instruments, nasal instruments, sterilization instruments, kidney instruments, and directors and probes. However, the diagnostic instruments sub-types are MRI, PET scan, ultrasound, X-ray, SPECT scan. Therefore, the increasing demand for intel OEM general electric healthcare has been predicted to grow the global market revenue for the forecast period of 2027.
COVID-19 Impact Analysis of Healthcare OEM Market
The ongoing pandemic has severely impacted many regions like the Asia Pacific, South America, Europe, North America, and Middle East & Africa. These regions have imposed lockdown and shutdown in their regions. As a result, many marketing sectors have faced losses. But the Healthcare OEM Market has evident a positive growth in their products. The health consciousness among the people has made them adopt more healthcare medical devices. This has increased the demand for global OEM sensor manufacturers for healthcare.
Therefore, the global Healthcare OEM Market has involved more manufacturers and received more investors to grow the better facilities to their intended audiences.
Figure 2: Global Healthcare OEM market, by region, 2016
Source: Press Release, Company presentation, annual reports
Healthcare OEM Market Overview
The global healthcare OEM market is driving global growth due to the increasing improved technology demands, innovations in healthcare IT, increasing importance for patient safety, and the increasing importance of quality healthcare products.
Along with that, the cost reduction of the healthcare products, maximum available resources utilization, and growing IT adoption for maintaining administrative and medical data are the major factors for the growth of the OEM ophthalmic instruments market.
The global Market has more opportunities for the global market due to the growing adoption of IT in the healthcare sectors for maintaining proper administrative data and medical records and data.
Hence, the OEM medical device manufacturers are having higher growth opportunities for the global market. The increasing adoption of medical devices is predicted to generate higher market revenue for upcoming years.
The global Healthcare OEM Industry does not only have growth aspects, but also it has some restraints. Thus, the global market might experience restraints due to the growing competition among the OEM medical device manufacturer.
The key players give these market restraints emphasis to fight potentially and better the growth of the global market.
Hence, the Global Prescribed Health Apps Market is employing more experts to deal with these challenges and further growing the Global Prescribed Health Apps Market share for the forecast period.
In the 2016 report, the global Healthcare OEM Market has shown higher market growth with increasing the higher market size. The same is expected to continue by the global healthcare OEM industry to register the higher market size for the forecast period of 2027.
Thus, the region like America, Europe, and others are utilizing the opportunities of the global healthcare OEM industry to increase their business.
Healthcare OEM Market segmentation Overview
Based on the types of OEM products segment, the global Healthcare OEM Market has been classified into Medical devices and instruments and healthcare software.
Further, the medical devices and instruments product includes diagnostic instruments and devices and surgical devices. On the other hand, the healthcare software product includes Front or Back Office Operations, HR, Billing, and Claims Management, Financial Management, Provider Management, OT Management, and other software.
Based on the OEM solutions segment, the global Healthcare OEM Industry is classified into manufacturing and fabrication, regulatory compliance and quality control, Product design and development, Packaging and sterilization, Technical support, Project management, and Order fulfillment, and flexible distribution.
Therefore, the OEM solutions segment contributes higher to generating the healthcare OEM market revenue in the upcoming years.
The global Market has been segmented into Dentistry, Surgery, Healthcare Administration, Pharmaceutical and cosmetics, Laboratory, Veterinary, Dialysis, Ophthalmology, and other applications based on the application segment.
Hence, the medical device OEM companies are taking advantage of these higher applications of the healthcare OEM product to generate more market value to the global market.
Healthcare OEM Market Regional Analysis
On the basis of regional classification, the global market trends have been segmented into four specific regions such as Asia-Pacific, Americas, Europe, and the Middle East, and Africa.
Out of all these regions, the American region is holding the higher healthcare OEM market size for the research period. This region is dominating the global market due to the presence of larger software companies and larger American medical instruments and devices in the region. Hence, this region is considered as the major strength of the global Healthcare OEM Industry. Along with that, the American region is driving the growth of the global market due to the increasing emphasis on cost reduction and innovative healthcare IT solution demands in the region. Further, the European region is consisting the second largest global healthcare OEM market trend. And the fastest-growing region of the global market is the Asia Pacific region. Also, the Middle East and African regions are showing steady growth in the global market.
Competitive Analysis of the Global Market
In the global Healthcare OEM Market, many major players are contributing to offer better results or better innovative products to their intended audiences. Here, some of the important major key players are:
These important key players are giving focus on the various types of OEM products like health care software and medical instruments and devices to develop new features for the benefit of their intended audiences. Moreover, these healthcare OEM market companies are growing their researches to increase the healthcare OEM market size for the forecast period.
The market analysis report has highlighted the detailed analysis of the Healthcare OEM Market structure, which is comprised of primary research. This primary research has involved the views of the key opinion leaders and industry experts to understand the deeper insights of the global market. This report has also given the focus on the performance of the healthcare OEM industry to make it better in the upcoming years. Moreover, the present scenario of the Healthcare OEM Industry has been discussed to provide a better understanding of the present market revenue, market size, and market value.
Further, the report has given emphasis on the detailed information and strategies of the healthcare equipment manufacturers and key players. The report has covered the market segments and market dynamics of various regions to understand the recent developments and competitions across the world.
By Types of OEM Products:
By OEM Solutions:
|Market Size||USD 250 billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, OEM solutions and Application,|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Johnson & Johnson (U.S), GE Healthcare (U.K.), Siemens Healthcare GmbH (Germany), Baxter International (U.S) Koninklijke Philips N.V. (Netherlands), Aramark (U.S.), Toshiba Medical Systems Corporation (Japan), Fujifilm Holdings Corporation (Japan), Hitachi Medical Systems America, Inc. (U.S.), Esaote SpA (Italy), and Drägerwerk AG & Co. KGaA (Germany), Accenture Plc. (U.S.), Cognizant Technology Solutions Corporation (U.S.), Infosys Ltd. (India), Allscripts Healthcare Solutions (U.S), Dell (U.S), IBM Corporation (U.S), Wipro (U.S), Tata Consultancy Services Ltd. (India), Xerox Corporation (U.S.)|
|Key Market Opportunities||Increasing adoption of IT for maintaining medical and administrative data|
|Key Market Drivers||Growing emphasis on quality healthcare products and rising importance for patient safety drive the growth|
Frequently Asked Questions (FAQ) :
The American region is dominating the global Healthcare OEM Market for the forecast period.
The global Healthcare OEM Market has aimed to achieve 16.2% CAGR for the forecast period of 2027.