Global Healthcare Original Equipment Manufacturer (OEM) Market, By Type (Healthcare Software, Medical Device, Instruments, Others), OEM Solutions (Quality control and Regulatory Compliance, Manufacturing and Fabrication, Packaging and Sterilization, Product Design and Development, Order Fulfilment and Flexible Distribution, Technical Support, Project Management, Others), Application (Healthcare Administration, Dentistry, Surgery, Laboratory, Veterinary, Pharmaceutical and cosmetics, Ophthalmology, Dialysis, Others) – Industry Trends and Forecast to 2030.
Healthcare Original Equipment Manufacturer (OEM) Market Analysis and Size
The rise in the importance of patient safety is among the significant factors expected to fuel the growth and demand of the healthcare original equipment manufacturer (OEM) market. In addition, the rise in the incidence of diseases leading to high for diagnostic and surgical medical devices as per early diagnoses requirement for patient health and safety is also anticipated to push the growth in the global healthcare original equipment manufacturer (OEM) market over the forecast period of 2021 to 2028. Likewise, the rapid innovations in healthcare IT and the high demand for improved technology are projected to lift the market's growth. Furthermore, the increase in emphasis on quality healthcare products is also expected to act as a significant factor which will flourish the growth of the healthcare original equipment manufacturer (OEM) market.
Data Bridge Market Research analyses that the healthcare original equipment manufacturer (OEM) market, which was USD 206.4 Billion in 2022, would rocket up to USD 499.63 Billion by 2030 and is expected to undergo a CAGR of 15.21% during the forecast period. This indicates the market value. "Medical device" dominates the type segment of the healthcare original equipment manufacturer (OEM) market owing to the growing demand for advanced medical devices. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Original Equipment Manufacturer (OEM) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 -2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Healthcare Software, Medical Device, Instruments, Others), OEM Solutions (Quality control and Regulatory Compliance, Manufacturing and Fabrication, Packaging and Sterilization, Product Design and Development, Order Fulfillment and Flexible Distribution, Technical Support, Project Management, Others), Application (Healthcare Administration, Dentistry, Surgery, Laboratory, Veterinary, Pharmaceutical and cosmetics, Ophthalmology, Dialysis, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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GENERAL ELECTRIC COMPANY (U.S.), Siemens Healthcare GmbH (Germany), Baxter (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba International Corporation (Japan), FUJIFILM Holdings America Corporation (U.S.), Hitachi Healthcare Americas (U.S.), ESAOTE SPA (Italy), Drägerwerk AG & Co. KGaA (Germany), Accenture (Ireland), Cognizant (U.S.), Allscripts Healthcare, LLC - United States, IBM (U.S.), Wipro Limited (India), Tata Consultancy Services Ltd. (India), Medtronic (Ireland), Abbott (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.)
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Market Opportunities
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Market Definition
Original equipment manufacturers (OEM) are the companies that produce products that another manufacturer can market. The products manufactured by OEM are used as components for the end product fabrication.
Healthcare Original Equipment Manufacturer (OEM) Market Dynamics
Drivers
- Growing demand for advanced medical devices
The increasing need for technologically advanced and innovative medical devices is driving the growth of the OEM market. Healthcare providers and patients seek devices that offer improved accuracy, efficiency, and patient outcomes.
- Focus on cost-effective solutions
OEMs provide cost-effective solutions for healthcare equipment as compared to developing devices in-house. Many healthcare providers and manufacturers prefer outsourcing to OEMs to reduce costs, enhance efficiency, and accelerate time-to-market for their products.
Opportunities
- Technological advancements:
Rapid technological advancements, such as IoT, artificial intelligence, and robotics, present significant opportunities for OEMs to develop innovative and connected healthcare devices. Integrating these technologies into medical equipment can enhance patient monitoring, diagnostics, and treatment outcomes.
- Emerging markets
Emerging markets, particularly in Asia-Pacific, Latin America, and Africa, offer substantial growth opportunities for OEMs. These regions are experiencing increasing healthcare infrastructure development, rising disposable incomes, and growing demand for advanced medical devices, creating a favorable market environment.
Restraints/ Challenges
- Stringent regulatory requirements
The healthcare industry is subject to stringent regulatory standards and compliance requirements. OEMs must adhere to various regulations and certifications to ensure their products' safety, quality, and efficacy. Meeting these requirements can be complex, time-consuming, and costly, acting as a restraint for some OEMs.
- Intellectual property concerns
OEMs face the risk of intellectual property theft, unauthorized replication, or reverse engineering of their products. Protecting intellectual property rights is crucial for OEMs to safeguard their innovations, maintain market exclusivity, and prevent revenue losses.
This healthcare original equipment manufacturer (OEM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare original equipment manufacturer (OEM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In September 2021, Quest International, Inc. (the US), a major worldwide post-sales service partner for OEMs, announced the addition of Dental and Ophthalmic technologies to its portfolio. Quest is now an expert in various Class I, II, and III medical equipment
- In January 2019, Vance Street Capital LLC (the US), a private equity fund, announced the purchase of Applied Plastics Co. (the US), a leading advanced coatings provider to the end medical markets in collaboration with OEMs, medical device and manufacturers
Global Healthcare Original Equipment Manufacturer (OEM) Market Scope
The healthcare original equipment manufacturer (OEM) market is segmented based on type, OEM solutions, and application. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Type
- Healthcare software
- Medical device
- Instruments
- Others
OEM Solutions
- Quality control and Regulatory Compliance
- Manufacturing and Fabrication
- Packaging and Sterilization
- Product Design and Development
- Order Fulfilment and Flexible Distribution
- Technical Support
- Project Management
- Others
Applications
- Healthcare Administration
- Dentistry
- Surgery
- Laboratory
- Veterinary
- Pharmaceutical and cosmetics
- Ophthalmology
- Dialysis
- Others
Healthcare Original Equipment Manufacturer (OEM) Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, OEM solutions, and application, as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare original equipment manufacturer (OEM) market owing to the rapid digitalization in the healthcare system, high demand for innovative healthcare IT solutions, and the adoption of advanced technology.
Asia-Pacific is expected to expand at a significant growth rate from 2023 to 2030 because of the high demand for innovative healthcare IT solutions and emphasis on cost reduction.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The healthcare original equipment manufacturer (OEM) market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the healthcare original equipment manufacturer (OEM) market, the impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare original equipment manufacturer (OEM) market. The data is available for historic period 2015-2020.
Competitive Landscape and Healthcare Original Equipment Manufacturer (OEM) Market Share Analysis
The healthcare original equipment manufacturer (OEM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the healthcare original equipment manufacturer (OEM) market are:
- GENERAL ELECTRIC COMPANY (U.S.)
- Siemens Healthcare GmbH (Germany)
- Baxter (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Toshiba International Corporation (Japan)
- FUJIFILM Holdings America Corporation (U.S.)
- Hitachi Healthcare Americas (U.S.)
- ESAOTE SPA (Italy)
- Drägerwerk AG & Co. KGaA (Germany)
- Accenture (Ireland)
- Cognizant (U.S.)
- Allscripts Healthcare, LLC (U.S.)
- IBM (U.S.)
- Wipro Limited (India)
- Tata Consultancy Services Ltd. (India)
- Medtronic (Ireland)
- Abbott (U.S.)
- BD (U.S.)
- Boston Scientific Corporation (U.S.)
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