MRFR Press Release/- Market Research Future published a Cooked research “Global Healthcare OEM Manufacturers Market Research Report - Forecast to 2027” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027. —
There are some of the prominent players profiled in MRFR Analysis and are competing in the Global Healthcare OEM Manufacturers Market as GE Healthcare (U.K.), Siemens Healthcare GmbH (Germany), 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)
Healthcare OEM Manufacturers Market – Overview:
The Healthcare OEM Manufacturers market is accruing and expected to gain further prominence in the future. According to a recent study report published by the Market Research Future, The global market of Healthcare OEM Manufacturers is projected to accrue at a rapid pace during the forecast period. The Market is forecasted to account for upsurge accretions by 2027with a striking CAGR during 2017 and 2027.
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The major growth drivers of Global OEM manufacturer market includes rising need to cut healthcare costs, reduce estimated time to repair (ETTR) of equipment, innovations in IT to minimize maintenance costs, and growing need to collect equipment data and integrate healthcare systems and increasing availability of data and information. The growing technical advantages and growing GDP are also raising the growth of Healthcare OEM Manufacturer Market.
However, Obsolescence is one of the major restraints for the OEM manufacturing industry; it regularly affects auto parts production as with the change in technology the parts manufactured with existing technology finds less usage. High cost and lack of expertise and professionals is hindering the Global Healthcare OEM Manufacturing Market.
The global medical device industry has experienced significant growth in the last few years and is expected that the growth will be continue with a CAGR of more than 6% during the forecasted period. The medical device industry is comprised of surgical, cardiovascular, home healthcare, general medical and other devices. This is one of the prime factors for the growth of Original Equipment market in Healthcare industries.
OEM or Original equipment Manufacturer is a company that makes a part or subsystem that is used in another company’s end product. For instance, if Acme Manufacturing Co. makes power cords that are used on IBM computers, Acme is the OEM. OEM can be an automotive company, healthcare, Software Company, cosmetics industry among others. When referring to auto parts, OEM refers to the manufacturer who manufacturer the automotive parts which are used to installed or assembled during the construction of a new vehicle. Microsoft is one of the examples of companies that issues OEM software for their windows operating systems.
OEM manufacturers help healthcare industries by providing them reliable, innovative and feature-rich medical devices such as membranes, filtration devices and separation systems.
OEM has application in various healthcare areas such as cardiovascular, imaging, surgeries, diagnostics neurology. In present scenario, OEM wrist watches, blood pressure smart watch is been introduced into the healthcare market for the therapy of Cardiovascular and Cerebrovascular diseases. OEM Diabetic injecting insulin pen is been used by doctors and practitioners for the therapy and study of Diabetes. Also Cardiac rhythm management is performing with the help of OEM photo etching phenomenon.
Healthcare OEM Manufacturers Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Healthcare OEM Manufacturers appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing and reputation.
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Healthcare OEM Manufacturers Market – Segments
The Healthcare OEM Manufacturers Market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Therapeutic: Comprises Ophthalmology, Urology, Neurology, Cardiovascular, Orthopaedics, General surgery, Imaging, Diagnostics, Respiratory and other.
Segmentation By Material Processing: Comprises Sterilization, Material Handling and Packaging Equipment, Materials, Chemicals and Adhesives, Metal Fabrication and Metal Injection Molding, Plastic Extrusions & Moldings, Flow Control and Fluid Transfer, Fluid Power Components and other.
Segmentation By Device: Comprises Commodity and Commodity.
Segmentation By Application: Comprises Surgical, Orthopaedic, Diagnostic, Stents and Catheters, Syringes and hypodermic needles, Blood transfusion and intravenous and other.
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Healthcare OEM Manufacturers Market – Regional Analysis
North America is dominating region in Global Healthcare OEM Manufacturing Market followed by Europe and Asia-Pacific. The US medical device industry is the global leader having approximate 40% market share in the global medical device industries and it is expected that it will grow with a CAGR of more than 6% during the forecasted period. Rapid digitalization of the healthcare system to aid efficient patient care, growing market demand for proactive healthcare technologies for equipment monitoring, and the benefits of full-time maintenance and service agreements by original equipment manufacturers (OEMs) is driving the growth of Healthcare OEM Manufacturing Market in North America region.
Asia –pacific is the emerging market in Global Healthcare OEM Manufacturing Market. Taiwan boasts one of the most progressive health systems in Asia, as well as a highly-regarded national health insurance Programme. Taiwan currently spends about 6-7% of its GDP on healthcare, which is similar to regional levels also the medical device market is growing with a CAGR of about 8% during the forecasted period. Further steady growth is expected in the coming years on account of the ageing population and subsequent rise in demand for healthcare products and services. South East Asia is also one of the most efficient healthcare systems in the world. Irrespective of economic prosperity or health system maturity, there are two common factors that South East Asian countries share: an increase in population ageing and a shift in disease burden, i.e., from infectious to chronic diseases that cause more people to fall ill, more often and for longer periods of time. Combined, these factors are creating an increased demand for hospital services which creates demand for OEM Manufacturers to provide technologically upgraded, innovative and efficient devices.
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