U.S. Medical Sector Contract Electronic Manufacturing Market Research Report- Forecast to 2027

U.S. Medical Sector Contract Electronic Manufacturing Market Information, by Industry Subsectors (Surgical Appliances and medical Instruments, Electro-medical apparatus, Diagnostics, Irradiation apparatuses, Dental equipment and supplies), by Contract Service Type and by End User - Forecast till 2027

ID: MRFR/MED/2303-CR | June 2017 | Region: Global | 107 pages

Please note that the assessment period of report has been updated from 2016-2022 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis of U.S. Medical Sector Contract Electronic Manufacturing Market:


Market Scenario:


Outsourcing of electronics is a rising trend around the world due to the needs to be efficient, lean and the attractive economics of the practice. Many companies that had outsourced electronic manufacturing have realized high quality specialized electronics and components at less cost than in-house production resulting in greater profit margin, better final product which improved their market penetration and faster time to market.


The market for U.S. medical sector contract electronic manufacturing is driven by advantages such as 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, economics of production and trade, economies of scale and focus on core competencies. The market restraints are high cost of labour, issues of standardization and interoperability etc. The significant cuts in Medicare imaging reimbursements and the 2.3 % medical device excise tax on the manufacturers under the Affordable Care Act has burdened the electronic manufacturers.


The market for U.S. medical sector contract electronic manufacturing is expected to reach around USD 20403.8 million by the end of the forecast period and is expected to grow at a CAGR of ~8.8%.


Research Methodology US Medical Sector Contract Electronic Manufacturing Market


Sources: Mayo Clinic, Healthline Media, MRFR Analysis


 


Intended Audience



  • U.S. medical sector contract electronic manufacturers

  • U.S. medical sector contract electronic suppliers

  • Private research laboratories

  • Research and development (R&D) companies

  • Market research and consulting service providers

  • Government research laboratories 


Figure 1 U.S. Medical Sector Contract Electronic Manufacturing Market, by Industry Subsectors, 2016 (%)


U.S. Medical Sector Contract Electronic Manufacturing Market-


Segments:


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.


Regional Analysis of U.S. Medical Sector Contract Electronic Manufacturing Market:


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.


U.S. medical sector contract electronic manufacturing companies are highly on innovations and technology. R&D spending represents a high percentage of medical sector contract electronic manufacturing industry expenditures, averaging approximately 7 to 9 % of revenue from 2010 to 2015 which makes it one of the top investors in R&D as compared to other industries such as automotive, defense, telecom etc. The industry relies heavily upon the innovative ecology of the United States including microelectronics, telecommunications, instrumentation, and software development. Collaborations and partnerships are another hallmark of the medical sector contract electronic manufacturing industry with both industries and academic universities.


Electronic assembly in the medical industry is characterized by strict regulations to ensure high quality end product which makes the U.S. medical sector contract electronic manufacturing one of the stable ones as its innovative characteristics make it resilient to competition from other nations such as China. Medical sector contract electronic manufacturers have formed strong niches and special relationships with top tier medical original equipment manufacturers (OEMs) which adds to the stabi8lity of the industry in the near future. However the U.S. medical sector contract electronic manufacturing faces strong competition in the lower end segments and their manufacturing is likely to drift to low cost regions in Asia. 


Key Players for U.S. Medical Sector Contract Electronic Manufacturing Market:


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.



1 Report Prologue

2 Introduction

2.1 Scope Of Study 12

2.2 Research Objective 12

2.3 Assumptions & Limitations 12

2.3.1 Assumptions 12

2.3.2 Limitations 12

2.4 Market Structure 13

3 Research Methodology

3.1 Primary Research 15

3.2 Secondary Research 15

4 Market Dynamics

4.1 Introduction 16

4.2 Drivers 17

4.2.1 Technological Advancements 17

4.2.2 Product Development 17

4.2.3 Economics Of Production And Trade 17

4.2.4 Economies Of Scale 18

4.2.5 Focus On Core Competencies 18

4.2.6 Mutual Benefit To Both Contract Manufacturer And Client 18

4.2.7 Poor Growth Of Other Electronic Subsectors Particularly Defence Electronic Manufacturing Sector And Higher Growth Of Medical Electronics Manufacturing Sector 18

4.2.8 Consolidation Of Healthcare Providers And Rising Number Of Large Multi-Speciality Hospitals 19

4.2.9 Growing Cost Of Noncompliance 19

4.3 Restraints 20

4.3.1 High Cost Of Labour 20

4.3.2 Structural Changes In Industry And Employment 20

4.3.3 Standardization And Interoperability 20

4.3.4 Taxes 20

4.3.5 Exchange Rate Volatility 21

4.3.6 Flight Of Manufacturing To Developing Regions 21

4.4 Opportunities 22

4.4.1 Research And Development 22

4.4.2 Personalization And Customization 22

4.4.3 Proximity To Ecology Of Innovation And Development 22

4.4.4 Automation And Robotics 22

4.5 Challenges 23

4.5.1 Growing International Competition And Diplomacy 23

4.5.2 Internal Government Policies And Regulations 23

4.5.3 Supply Chain Complexity And Control Of 3rd Parties 23

4.5.4 Growth In Exposure To Natural And Man-Made Threats 24

4.5.5 Longer Commercialization Times 24

4.5.6 Lean Manufacturing And Agility 24

4.6 Macroeconomic Indicators 25

4.6.1 Electronics Manufacturing Services (EMS) Has Good Growth Despite Poor Performance By Electronics Manufacturing As A Whole 25

4.6.2 Growth Of Design Services In U.S. Medical Sector Contract Electronics Manufacturing 25

4.6.3 Growth Of Testing Services 25

4.6.4 Micro Logistics 26

4.6.5 Growing Opportunity In Used And Upgrading Of Medical Sector Electronics 26

4.7 Mega Trends In Medical Sector Electronics Manufacturing 27

4.7.1 Smart And Connected Electronic Products 27

4.7.2 Green Electronics Manufacturing 27

4.7.3 Energy-Efficient Electronics 27

4.7.4 2-D Electronics 27

4.7.5 3D Printing 28

4.7.6 Organic Electronics, Nanotechnology And Molecular Electronics 28

5 Market Factor Analysis

5.1 Porter’s Five Force Analysis 29

5.1.1 Threat From A New Entrant 30

5.1.2 Bargaining Power Of Buyer 31

5.1.3 Bargaining Power Of Supplier 32

5.1.4 Threat From Substitute 33

5.1.5 Intensity Of Competitive Rivalry 33

5.2 Supply Chain Analysis 34

5.2.1 Raw Material 34

5.2.2 Supplier 35

5.2.3 Manufacturer 36

5.2.4 Distributer 36

5.2.5 Customer 37

5.2.6 Consumer 37

5.2.7 Changes In The Supply Chain Of U.S. Medical Sector Electronics Manufacturing Industry 38

5.3 Merger And Acquisition Landscape 39

5.4 Product Pricing Analysis 41

5.5 Investment Opportunity Analysis 42

5.5.1 Market Size (Current And Future), Growth Rate And Profitability 42

5.5.2 Investment Risks 42

5.5.3 Market Outlook 43

5.5.4 Competitors 43

5.5.5 Projections 44

5.6 Pestle Analysis 45

5.6.1 Political 45

5.6.2 Economic 46

5.6.3 Social 46

5.6.4 Technological 46

5.6.5 Legal 47

5.6.6 Environmental 48

5.7 Public Private Market Share 49

5.8 Reimbursement Scenario 49

5.9 Medical Sector Electronics Import-Exports 51

6 U.S. Medical Sector Contract Electronic Manufacturing Market, By Industry Subsectors

6.1 Introduction 53

6.2 Surgical Appliances And Medical Instruments 55

6.3 Electro-Medical Apparatus 56

6.4 Diagnostics 57

6.5 Irradiation Apparatuses 58

6.6 Dental Equipment And Supplies 59

7 U.S. Medical Sector Contract Electronic Manufacturing Market, By Contract Service Type

7.1 Introduction 60

7.2 Electronic Manufacturing Services 62

7.3 Original Design Manufacturing Services 63

8 U.S. Medical Sector Electronic Manufacturing Market, By End User

8.1 Introduction 64

8.2 Hospitals & Clinics 66

8.3 Diagnostic Centers 67

8.4 Academic & Research Institutes 68

9 U.S. Medical Sector Contract Electronic Manufacturing Market, By Region

9.1 Introduction 69

9.2 South 71

U.S. Medical Sector Contract Electronic Manufacturing Market, By Industry Subsectors

U.S. Medical Sector Contract Electronic Manufacturing Market, By Contract Service Type

U.S. Medical Sector Electronic Manufacturing Market, By End User

9.3 Northeast 73

U.S. Medical Sector Contract Electronic Manufacturing Market, By Industry Subsectors

U.S. Medical Sector Contract Electronic Manufacturing Market, By Contract Service Type

U.S. Medical Sector Electronic Manufacturing Market, By End User

9.4 Midwest 75

U.S. Medical Sector Contract Electronic Manufacturing Market, By Industry Subsectors

U.S. Medical Sector Contract Electronic Manufacturing Market, By Contract Service Type

U.S. Medical Sector Electronic Manufacturing Market, By End User

9.5 West 77

U.S. Medical Sector Contract Electronic Manufacturing Market, By Industry Subsectors

U.S. Medical Sector Contract Electronic Manufacturing Market, By Contract Service Type

U.S. Medical Sector Electronic Manufacturing Market, By End User

10 Company Profile

10.1 Benchmark Electronics, Inc. 79

10.1.1 Company Overview 79

10.1.2 Product/Business Segment Overview 79

10.1.3 Financial Overview 80

10.1.4 Key Development 81

10.1.5 SWOT Analysis 82

10.2 FLEX LTD. 83

10.2.1 Company Overview 83

10.2.2 Product/Business Segment Overview 83

10.2.3 Financial Overview 84

10.2.4 Key Development 85

10.2.5 SWOT Analysis 86

10.3 Celestica Inc. 87

10.3.1 Company Overview 87

10.3.2 Product/Business Segment Overview 87

10.3.3 Financial Overview 88

10.3.4 Key Development 89

10.3.5 SWOT Analysis 89

10.4 Jabil Circuit Inc. 90

10.4.1 Company Overview 90

10.4.2 Product/Business Segment Overview 90

10.4.3 Financial Overview 91

10.4.4 Key Development 92

10.4.5 SWOT Analysis 92

10.5 Sanmina Corporation. 93

10.5.1 Company Overview 93

10.5.2 Product/Business Segment Overview 93

10.5.3 Financial Overview 94

10.5.4 Key Development 95

10.5.5 SWOT Analysis 96

10.6 Nortech Systems, Inc. 97

10.6.1 Company Overview 97

10.6.2 Product/Business Segment Overview 97

10.6.3 Financial Overview 98

10.6.4 Key Development 99

10.6.5 SWOT Analysis 99

10.7 TE Connectivity Corporation. 100

10.7.1 Company Overview 100

10.7.2 Product/Business Segment Overview 100

10.7.3 Financial Overview 101

10.7.4 Key Development 102

10.7.5 SWOT Analysis 103

10.8 Forefront Medical Technologies. 104

10.8.1 Company Overview 104

10.8.2 Product/Business Segment Overview 104

10.8.3 Financial Overview 104

10.8.4 Key Development 104

10.8.5 SWOT Analysis 105

11 MRFR Conclusion

11.1 Key Findings 106

11.1.1 From CEO’s View Point 106

11.1.2 Unmet Needs 106

11.1.3 Key Companies To Watch 106

12 List Of Tables

TABLE 1 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET, BY INDUSTRY SUBSECTORS, 2020-2027 (USD MILLION) 54

TABLE 2 U.S. SURGICAL AND MEDICAL INSTRUMENTS MARKET, BY REGION 2020-2027 (USD MILLION) 55

TABLE 3 U.S. ELECTRO-MEDICAL EQUIPMENT MARKET, BY REGION 2020-2027 (USD MILLION) 56

TABLE 4 U.S. DIAGNOSTICS MARKET, BY REGION 2020-2027 (USD MILLION) 57

TABLE 5 U.S. IRRADIATION APPARATUSES MARKET, BY REGION 2020-2027 (USD MILLION) 58

TABLE 6 U.S. DENTAL EQUIPMENT AND SUPPLIES MARKET, BY REGION 2020-2027 (USD MILLION) 59

TABLE 7 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET, BY CONTRACT SERVICE TYPE, 2020-2027 (USD MILLION) 61

TABLE 8 U.S. ELECTRONIC MANUFACTURING SERVICES, BY REGION 2020-2027 (USD MILLION) 62

TABLE 9 U.S. ORIGINAL DESIGN MANUFACTURING SERVICES, BY REGION 2020-2027 (USD MILLION) 63

TABLE 10 U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY END USER, 2020-2027 (USD MILLION) 65

TABLE 11 U.S. HOSPITALS & CLINICS, BY REGION 2020-2027 (USD MILLION) 66

TABLE 12 U.S. DIAGNOSTIC CENTERS, BY REGION 2020-2027 (USD MILLION) 67

TABLE 13 U.S. ACADEMIC & RESEARCH INSTITUTES, BY REGION 2020-2027 (USD MILLION) 68

TABLE 14 U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY REGION, 2020-2027 (USD MILLION) 70

TABLE 15 SOUTH U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY INDUSTRY SUBSECTORS, 2020-2027 (USD MILLION) 71

TABLE 16 SOUTH U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY CONTRACT SERVICE TYPE, 2020-2027 (USD MILLION) 71

TABLE 17 SOUTH U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY END USER, 2020-2027 (USD MILLION) 72

TABLE 18 NORTHEAST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY INDUSTRY SUBSECTORS, 2020-2027 (USD MILLION) 73

TABLE 19 NORTHEAST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY CONTRACT SERVICE TYPE, 2020-2027 (USD MILLION) 73

TABLE 20 NORTHEAST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY END USER, 2020-2027 (USD MILLION) 74

TABLE 21 MIDWEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY INDUSTRY SUBSECTORS, 2020-2027 (USD MILLION) 75

TABLE 22 MIDWEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY CONTRACT SERVICE TYPE, 2020-2027 (USD MILLION) 75

TABLE 23 MIDWEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY END USER, 2020-2027 (USD MILLION) 76

TABLE 24 WEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY INDUSTRY SUBSECTORS, 2020-2027 (USD MILLION) 77

TABLE 25 WEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY CONTRACT SERVICE TYPE, 2020-2027 (USD MILLION) 77

TABLE 26 WEST U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET, BY END USER, 2020-2027 (USD MILLION) 78

TABLE 27 BENCHMARK ELECTRONICS, INC.: KEY DEVELOPMENT 81

TABLE 28 FLEX LTD.: KEY DEVELOPMENT 85

TABLE 29 SANMINA CORPORATION.: KEY DEVELOPMENT 95

TABLE 30 NORTECH SYSTEMS, INC.: KEY DEVELOPMENT 99

TABLE 31 TE CONNECTIVITY CORPORATION.: KEY DEVELOPMENT 102


13 List Of Figures

FIGURE 1 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET: MARKET STRUCTURE 13

FIGURE 2 RESEARCH PROCESS 14

FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET 16

FIGURE 4 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET: PORTER FIVE FORCES ANALYSIS 30

FIGURE 5 PUBLIC PRIVATE MARKET SHARE 49

FIGURE 6 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET SHARE, BY INDUSTRY SUBSECTORS, (2020) 54

FIGURE 7 U.S. MEDICAL SECTOR CONTRACT ELECTRONIC MANUFACTURING MARKET SHARE, BY CONTRACT SERVICE TYPE, (2020) 60

FIGURE 8 U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET SHARE, BY END USER (2020) 64

FIGURE 9 U.S. MEDICAL SECTOR ELECTRONIC MANUFACTURING MARKET SHARE, BY REGION (2020) 70

FIGURE 10 BENCHMARK ELECTRONICS, INC.: KEY FINANCIALS 80

FIGURE 11 ABENCHMARK ELECTRONICS, INC.: SEGMENTAL REVENUE 80

FIGURE 12 BENCHMARK ELECTRONICS, INC.: GEOGRAPHIC REVENUE 81

FIGURE 13 FLEX LTD.: KEY FINANCIALS 84

FIGURE 14 FLEX LTD.: SEGMENTAL REVENUE 84

FIGURE 15 FLEX LTD.: GEOGRAPHIC REVENUE 85

FIGURE 16 CELESTICA INC.: KEY FINANCIALS 88

FIGURE 17 CELESTICA INC.: SEGMENTAL REVENUE 88

FIGURE 18 CELESTICA INC.: GEOGRAPHIC REVENUE (MANUFACTURING LOCATION) 89

FIGURE 19 JABIL CIRCUIT INC.: KEY FINANCIALS 91

FIGURE 20 JABIL CIRCUIT INC.: SEGMENTAL REVENUE 91

FIGURE 21 JABIL CIRCUIT INC.: GEOGRAPHIC REVENUE 92

FIGURE 22 SANMINA CORPORATION.: KEY FINANCIALS 94

FIGURE 23 SANMINA CORPORATION.: SEGMENTAL REVENUE 94

FIGURE 24 SANMINA CORPORATION.: GEOGRAPHIC REVENUE 95

FIGURE 25 NORTECH SYSTEMS, INC.: KEY FINANCIALS 98

FIGURE 26 NORTECH SYSTEMS, INC.: SEGMENTAL REVENUE 98

FIGURE 27 TE CONNECTIVITY CORPORATION.: KEY FINANCIALS 101

FIGURE 28 TE CONNECTIVITY CORPORATION.: SEGMENTAL REVENUE 101

FIGURE 29 TE CONNECTIVITY CORPORATION.: GEOGRAPHIC REVENUE 102