Malaysia Medical Device Outsourcing Market Size & Outlook
Malaysia medical device outsourcing market, 2018-2030 (US$M)
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Malaysia medical device outsourcing market highlights
- The Malaysia medical device outsourcing market generated a revenue of USD 576.2 million in 2022 and is expected to reach USD 1,561.7 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 13.3% from 2023 to 2030.
- In terms of segment, contract manufacturing was the largest revenue generating service in 2022.
- Quality Assurance is the most lucrative service segment registering the fastest growth during the forecast period.
Medical device outsourcing market data book summary
| Market revenue in 2022 | USD 576.2 million |
| Market revenue in 2030 | USD 1,561.7 million |
| Growth rate | 13.3% (CAGR from 2022 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Quality Assurance |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing & Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Eurofins Scientific SE, Pace Analytical Services, Intertek Group PLC, Wuxi AppTec Co Ltd, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, Medical Device Testing Services, FREYR Battery Inc, PAREXEL, Accell, Genpact Ltd, Criterium Inc., Promedica International, Medpace Holdings Inc, Icon PLC, IQVIA Holdings Inc, Integer Holdings Corp, Tecomet, Jabil Inc, Flex Ltd, Celestica Inc Ordinary Shares (Subordinate Voting), Sanmina Corp, Plexus Corp, Molex, Steris PLC, West Pharmaceutical Services Inc, NAMSA, TUV SUD, RJR Consulting, Mandala International, Global Regulatory Partners, Emergo Group, BioTeknica Engineering & Regulatory Services |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.5% of the global medical device outsourcing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical device outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,236.4 million by 2030.
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Medical Device Outsourcing Market Scope
Medical Device Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia medical device outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device outsourcing market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 54.74% in 2022. Horizon Databook has segmented the Malaysia medical device outsourcing market based on quality assurance, regulatory affairs services, product design and development services, product testing & sterilization services, product implementation services, product upgrade services, product maintenance services, contract manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia is one of the fastest-growing medical device markets in Asia Pacific. The country’s exports of medical devices are significantly higher than the imports. The country possesses a strong manufacturing infrastructure for medical devices, and it is one of the major reasons for the growing medical device exports from the country.
Singapore, Germany, and the U.S. are the largest suppliers of medical devices to Malaysia, with Singapore leading the three. The country imports only higher classification medical devices that are not manufactured in the country.
The major medical device export destinations for the country include the U.S., Belgium, Germany, and Japan. The major medical device export categories include surgical and examination gloves, syringes, catheters, needles & sutures, ophthalmic lenses, X-ray apparatus, electromedical equipment, and other medical devices.
The rising export market is expected to drive the demand for Quality Assurance (QA) services in the country, thereby contributing to the medical device outsourcing market. The demand for regulatory affairs is expected to slow down a bit owing to the reduction of imports in the past few years.
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Target buyers of Malaysia medical device outsourcing market databook
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Our clientele includes a mix of medical device outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia medical device outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia medical device outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia medical device outsourcing market size, by service, 2018-2030 (US$M)
Malaysia Medical Device Outsourcing Market Outlook Share, 2022 & 2030 (US$M)
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