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 2022
U.S. Medical Sector Contract Electronic
Manufacturing Market Key Developments
Strategic approaches adopted help the major players to sustain
their growth in the market and develop their business in various geographical
areas across the globe. Agreements and collaborations, mergers and
acquisitions, and new product launches are various strategies followed by the
key players.
Benchmark Electronics, Inc. is a U.S. based company, is
involved in providing services for integrated electronics manufacturing
services (EMS), engineering and design services, and precision machining services.
The company announced the acquisition of Secure Communication
Systems, Inc. a deal of USD 230 million. This agreement is expected to enhance
benchmark's margins and earnings per share
The company announced its expansion in Israel by opening a new
design centre in Haifa. This expansion will enhance the companies R&D
activities in Israel
The company announced its partnership with iHear Medical that
will advance the hearing products of iHear. In this partnership, Flex will
serve as the Company's primary manufacturer and supplier
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Sanmina Corporation communications networks, defence and
aerospace, industrial and semiconductor systems, medical, multimedia, computing
and storage, automotive and clean technology sectors.
The company announced its agreement with Ouraring to develop
advanced wearable device for enhancing sleep quality and performance. According
to this agreement Sanmina Corporation will provide end-to-end solutions for
developing new smart wearable device
The company provides services to wide range of industries that
include aerospace, autosport, rail, communication & wireless equipment,
defence, medical & healthcare, automotive, oil & gas, marine, sensor
solutions and many others.
The company announced the complete acquisition of the Creganna
Medical Group; company involved in productions of minimally invasive delivery
and access devices for medical device original equipment manufacturers (OEMs).
This acquisition is a strategy to maintain the industry leadership
The company announced its agreement to acquire AdvancedCath
for USD 190 million USD in cash. AdvancedCath is one of the leader in advanced
catheter systems. This acquisition will eventually enhance and significantly
expands TE's connectivity and sensor position in the attractive medical device
market
The company announced the complete acquisition of Measurement
Specialties, Inc. one of the leader in global designer and producer of sensors
and sensor-based systems. The acquisition of Measurement Specialties
establishes TE as a leader in the very attractive high-growth sensor market
U.S. Medical Sector Contract Electronic
Manufacturing Market Overview
The U.S.
medical sector contract electronic manufacturing market size is
expected to grow at CAGR 8.8% by 2022. Technological advancements, product
development, and economics of production and trade are major factors that drive
the growth of the market. However, there are various factors that hamper the
market growth such as high cost of labour, structural changes in industry and
employment, standardization and interoperability, and others. The advent of
positron emission tomography (PET) is expected to revolutionize as it enables
the study of metabolic processes in the body.
U.S. Medical Sector Contract Electronic Manufacturing
Market
North America dominates the Americas U.S. medical sector
contract electronic manufacturing market. North America is further segmented
into the U.S. and Canada. The market exhibits growth opportunities due to
advancement in robotics, and presence of key players in the market. The U.S.
contract electronic manufacturing industry is known for its highly automated
nature. According to the Robotics Industries Association (RIA), 2014 was an
extremely successful year with robots valued at USD 1.6 billion were ordered by
North American companies representing an increase of 28% in units and 19% in
dollars over 2013. Although the automotive industry leads in the use of
robotics, the semiconductor and electronics industry reflected a 21% increase in
demand of robots in the year 2014 over 2013.
Key Players in the U.S. Medical Sector Contract
Electronic Manufacturing market
Top key players in U.S. medical sector contract electronic
manufacturing 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.
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