医療機器エンジニアリング市場 – 2029年までの世界予測

Medical Device Engineering Market- Global Forecast to 2029

医療機器エンジニアリング市場 - サービスタイプ(製品サポートおよびメンテナンスサービス、規制コンサルティングサービス)、デバイスタイプ(患者監視装置および生命維持装置、医療用レーザー、IVD装置)の市場規模、シェアおよび動向 - 2029年までの世界予測
Medical Device Engineering Market Size, Share & Trends by Service Type (Product Support & Maintenance Services, Regulatory Consulting Services), Device Type (Patient Monitoring Devices & Life Support Devices, Medical Lasers, IVD Devices) - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数270
図表数224
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The medical device engineering market is projected to reach USD 20.1 Billion by 2029 from USD 12.0 Billion in 2024 at a CAGR of 10.8% during the forecast period.

医療機器エンジニアリング市場は、予測期間中に10.8%のCAGRで2024年の120億米ドルから2029年までに201億米ドルに達すると予測されています。

An increasing number of medical device companies are collaborating with engineering service providers to bring new innovations and enhance capabilities in the market. These partnerships help a company avail specific professional skills, state-of-the-art technologies, and full R&D facilities that an engineering service provider has at its disposal. Such collaborations will fast-track the development of innovative medical devices and simplify regulatory compliance, reducing time-to-market. This enables sharing of best practices and knowledge to advance the development environment in the collaborative effort. This synergy not only optimizes resource utilization but also allows for a new medical device to be safe, effective, and have a market need.

医療機器エンジニアリング市場 - 2029年までの世界予測
Medical Device Engineering Market- Global Forecast to 2029

“The software development & testing services segment is projected to experience the highest CAGR during the forecast period.”

The software development & testing services segment is projected to experience the highest CAGR during the forecast period. Healthcare providers and patients seek out more individualized medical solutions to be able to meet each patient’s needs and preferences. With the offering of development and testing services on devices, comes the scope for customization of a device to suit the given requirements using adaptive control algorithms, user interface personalization, or even interoperability with other healthcare systems.

“Diagnostic imaging equipment segment projected the rapid growth during the forecast period.”

The diagnostic imaging equipment segment will grow at the highest CAGR in the global medical device engineering market during the forecast period, as there has been rapid development in healthcare infrastructure, especially in emerging economies. Most of these regions are having many new hospitals and diagnostic centers; all these hospitals and diagnostic centers are well-equipped with advanced imaging technologies. High-resolution and 3D imaging in advanced diagnostic tools raise the accuracy and speed of diagnosis; greater integration of AI and ML into the image analysis procedure enhances image analysis and interpretation. This growth in advanced healthcare facilities and state-of-the-art technologies is boosting the segment for diagnostic imaging equipment quite rapidly.

“North America to witness the substantial growth rate during the forecast period.”

The medical device engineering market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa based on the region type. In 2023, the Asia Pacific region is anticipated to exhibit the highest compound annual growth rate (CAGR) during the forecast period. However, North America holds the largest share of the medical device engineering market in 2023. One of the major factors behind North America’s leading position in the medical device engineering market is its robust economic strength. This region’s high spending toward healthcare ensures that funding for medical equipment innovations and enhancements never comes to a halt. Proper medical care also ensures that the patients recover better, hence demanding more developed medical devices. This optimistic economic outlook attracts hefty investments in R&D, thus providing for the development and deployment of new and innovative technologies for medical applications. This is a region that offers access to the best engineering talent, as well as enables close collaboration among the industry leaders, leading-edge research institutions, and innovative healthcare providers in further building and fine-tuning medical device engineering.

医療機器エンジニアリング市場 - 2029年までの世界予測 region
Medical Device Engineering Market- region

A breakdown of the primary participants (supply-side) for the medical device engineering market referred to for this report is provided below:

  • By Company Type: Tier 1–45%, Tier 2–34%, and Tier 3–21%
  • By Designation: C-level–26%, Director Level–30%, and Others–44%
  • By Region: North America–35%, Europe–32%, Asia Pacific–25%, Latin America- 6%, and Middle East and Africa– 2%

Prominent players in this market include L&T Technology Services Limited (India), Infosys Limited (India), HCL Technologies Limited (India), Cyient (India), Wipro (India), Tech Mahindra Limited (India), TATA Consultancy Services Limited (India), FLEX LTD (US), Capgemini (France), Embien Technologies India Pvt Ltd. (India), Alten Group (France), Accenture (Ireland), Consonance (Poland), Althea Group (US), MED INSTITUTE (US), Saraca Solutions Private Limited (India), Nemedio Inc. (US), Sternum (Israel), Medcrypt (US), MCRA, LLC (US), North American Science Associates, LLC (US), MedQtech (Sweden), Veranex (US), Ontogen Medtech LLC (US), Seisa Media (US), and Simplexity Product Development (US).

Research Coverage:

The market study covers the medical device engineering market across various segments. It aims at estimating the market size and the growth potential of this market across different segments by service type, device type, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

Analysis of Market Dynamics: Drivers (growing demand for medical devices driven by aging population and chronic disease incidence boosts need for advanced engineering services, industry 4.0 significantly impacting the medical device engineering market, and ensuring regulatory compliance and stringent quality controls drives expansion of medical device engineering market) restraints (high costs and investment demands will constrain growth) opportunities (growing complexities of medical devices, and strategic collaborations and acquisitions between market players to boost the innovation in medical device engineering), and challenges (survival of small players in highly fragmented and competitive market, and concerns about cybersecurity)

  • Services/Innovations: Detailed insights on upcoming technologies, research & development activities, and new service launches in the medical device engineering market.
  • Market Development: Comprehensive information on the lucrative emerging markets, components, demographics, end-user, and region.
  • Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the medical device engineering market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the medical device engineering market like L&T Technology Services Limited (India), Infosys Limited (India), HCL Technologies Limited (India), Cyient (India), TATA Consultancy Services Limited (India) among others.

Table of Contents

1            INTRODUCTION            24

1.1         STUDY OBJECTIVES      24

1.2         MARKET DEFINITION   24

1.3         STUDY SCOPE  25

1.3.1      MARKET SEGMENTATION         25

1.3.2      INCLUSIONS & EXCLUSIONS     26

1.4         YEARS CONSIDERED     26

1.5         CURRENCY CONSIDERED          27

1.6         LIMITATIONS   27

1.7         STAKEHOLDERS            27

2            RESEARCH METHODOLOGY     29

2.1         RESEARCH DATA           29

2.1.1      SECONDARY DATA       30

2.1.1.1   Key data from secondary sources     31

2.1.2      PRIMARY DATA 31

2.2         MARKET SIZE ESTIMATION AND FORECAST      33

2.2.1      REVENUE MAPPING-BASED MARKET ESTIMATION        35

2.2.2      GROWTH FORECAST    36

2.2.3      PRIMARY RESEARCH VALIDATION        37

2.3         DATA TRIANGULATION             37

2.4         STUDY ASSUMPTIONS  38

2.5         RESEARCH LIMITATIONS           39

3            EXECUTIVE SUMMARY 40

4            PREMIUM INSIGHTS      43

4.1         MEDICAL DEVICE ENGINEERING MARKET OVERVIEW  43

4.2         ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE AND COUNTRY    44

4.3         MEDICAL DEVICE ENGINEERING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES           45

4.4         REGIONAL MIX: MEDICAL DEVICE ENGINEERING MARKET        46

4.5         MEDICAL DEVICE ENGINEERING MARKET: DEVELOPED VS. DEVELOPING MARKETS             47

5            MARKET OVERVIEW     48

5.1         INTRODUCTION            48

5.2         MARKET DYNAMICS     48

5.2.1      DRIVERS            49

5.2.1.1   Aging population coupled with rise in chronic disease incidence 49

5.2.1.2   Advances introduced by Industry 4.0             49

5.2.1.3   Need to ensure regulatory compliance and stringent quality controls       50

5.2.2      RESTRAINTS     51

5.2.2.1   High costs and investment demands 51

5.2.3      OPPORTUNITIES           51

5.2.3.1   Growing complexities of technology surrounding medical devices            51

5.2.3.2   Strategic collaborations and acquisitions between market players             52

5.2.4      CHALLENGES   53

5.2.4.1   Survival of small players in highly fragmented and competitive market     53

5.3         INDUSTRY TRENDS       53

5.3.1      HUMAN FACTORS ENGINEERING          53

5.3.2      INCREASED OUTSOURCING      54

5.3.3      TELEMEDICINE INTEGRATION 54

5.4         TECHNOLOGY ANALYSIS           54

5.4.1      KEY TECHNOLOGIES    54

5.4.1.1   Artificial Intelligence (AI) and Machine Learning (ML)            54

5.4.1.2   Internet of Medical Things (IoMT) 55

5.4.2      COMPLEMENTARY TECHNOLOGIES     55

5.4.2.1   3D Printing and additive manufacturing        55

5.4.2.2   Cybersecurity technologies 55

5.4.3      ADJACENT TECHNOLOGIES      56

5.4.3.1   Wearable technology         56

5.4.3.2   Cloud computing 56

5.5         VALUE CHAIN ANALYSIS            56

5.6         SUPPLY CHAIN ANALYSIS          57

5.7         PORTER’S FIVE FORCES ANALYSIS         59

5.7.1      THREAT OF NEW ENTRANTS    60

5.7.1.1   High capital investment     60

5.7.1.2   Regulatory hurdles             60

5.7.1.3   Established client relationships        61

5.7.2      THREAT OF SUBSTITUTES         61

5.7.2.1   Alternative solutions          61

5.7.2.2   Technological advances     61

5.7.2.3   Customer loyalty 61

5.7.3      BARGAINING POWER OF SUPPLIERS     61

5.7.3.1   Supplier concentration       61

5.7.3.2   Switching costs    62

5.7.3.3   Supplier integration           62

5.7.4      BARGAINING POWER OF BUYERS           62

5.7.4.1   Buyer concentration          62

5.7.4.2   Product differentiation      62

5.7.4.3   Availability of alternative service providers    62

5.7.5      INTENSITY OF COMPETITIVE RIVALRY 62

5.7.5.1   Fragmented market           63

5.7.5.2   Standardization of services 63

5.7.5.3   Innovation           63

5.8         REGULATORY LANDSCAPE       63

5.8.1      NORTH AMERICA          63

5.8.1.1   US         63

5.8.2      EUROPE             64

5.8.3      ASIA PACIFIC    64

5.8.3.1   Japan     64

5.8.3.2   China     65

5.8.3.3   India      67

5.8.4      REST OF THE WORLD   67

5.8.5      REGULATORY STANDARDS       68

5.8.5.1   ISO standards      68

5.8.5.2   ISO 9001:2015    68

5.8.5.3   ISO 13485:2016  68

5.8.6      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          69

5.9         PATENT ANALYSIS        71

5.9.1      PATENT PUBLICATION TRENDS FOR MEDICAL DEVICE ENGINEERING              71

5.9.2      INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS        72

5.10       PRICING ANALYSIS        73

5.10.1    AVERAGE SELLING PRICE MEDICAL DEVICE REGULATORY CONSULTING SERVICES FOR KEY VENDOR, BY REGION 74

5.10.2    INDICATIVE PRICING, BY SERVICE TYPE            75

5.11       TRADE ANALYSIS          75

5.11.1    INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL OR VETERINARY SCIENCES (HS CODE 9018)    75

5.11.2    IMPORT SCENARIO       75

5.11.3    EXPORT SCENARIO       76

5.12       KEY CONFERENCES AND EVENTS, 2024–2025     77

5.13       KEY STAKEHOLDERS AND BUYING CRITERIA    77

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

5.13.2    BUYING CRITERIA         79

5.14       IMPACT OF GENERATIVE AI ON MEDICAL DEVICE ENGINEERING MARKET            80

5.15       ECOSYSTEM ANALYSIS 81

5.16       CASE STUDY ANALYSIS 84

5.17       TRENDS/DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESSES 86

5.18       MEDICAL DEVICE ENGINEERING MARKET: INVESTMENT AND FUNDING SCENARIO     86

6            MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE    89

6.1         INTRODUCTION            90

6.2         PRODUCT INNOVATION & DESIGN/INDUSTRIAL DESIGN SERVICES              90

6.3         PROTOTYPING SERVICES          93

6.4         ELECTRONIC ENGINEERING SERVICES 94

6.5         SOFTWARE DEVELOPMENT & TESTING SERVICES         97

6.6         CONNECTIVITY & MOBILITY SERVICES 98

6.7         CYBERSECURITY SERVICES       100

6.8         PRODUCT TESTING SERVICES  102

6.9         REGULATORY CONSULTING SERVICES 103

6.10       PRODUCT SUPPORT & MAINTENANCE SERVICES           105

7            MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE FACILITY TYPE              108

7.1         INTRODUCTION            109

7.2         ENGINEERING SERVICE PROVIDERS (ESPS)       109

7.3         GLOBAL CAPABILITY CENTERS (GCCS) 111

7.4         IN-HOUSE SERVICES     112

8            MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE     113

8.1         INTRODUCTION            114

8.2         DIAGNOSTIC IMAGING EQUIPMENT     115

8.3         PATIENT MONITORING & LIFE SUPPORT DEVICES        117

8.4         SURGICAL EQUIPMENT 118

8.5         MEDICAL LASERS          120

8.6         IVD DEVICES    121

8.7         OTHER MEDICAL DEVICES        123

9            MEDICAL DEVICE ENGINEERING MARKET, BY REGION 124

9.1         INTRODUCTION            125

9.2         NORTH AMERICA          125

9.2.1      NORTH AMERICA: MACROECONOMIC OUTLOOK          125

9.2.2      US         128

9.2.2.1   Financial backing for better and accessible technology, along with rise in incidence of lifestyle diseases             128

9.2.3      CANADA            130

9.2.3.1   Robust regulatory environment in Canada     130

9.3         EUROPE             132

9.3.1      EUROPE: MACROECONOMIC OUTLOOK            132

9.3.2      GERMANY         135

9.3.2.1   Largest market share in Europe supported by high utilization of diagnostic imaging systems   135

9.3.3      UK         137

9.3.3.1   Government Initiatives, funding, and regulatory reforms to drive innovation              137

9.3.4      FRANCE             139

9.3.4.1   Combination of demographic trends, increase in disease prevalence, and significant government funding        139

9.3.5      ITALY   141

9.3.5.1   High focus on value-based healthcare systems             141

9.3.6      SPAIN   143

9.3.6.1   Growth in investments in advanced technologies and budget constraints for new equipment           143

9.3.7      REST OF EUROPE           145

9.4         ASIA PACIFIC    147

9.4.1      ASIA PACIFIC: MACROECONOMIC OUTLOOK    149

9.4.2      JAPAN  151

9.4.2.1   High adoption rate of premium medical technologies and increase in geriatric population           151

9.4.3      CHINA  153

9.4.3.1   Push toward technological self-reliance and growth in demand for premium-priced medical devices       153

9.4.4      INDIA   155

9.4.4.1   Growth in FDI influx in healthcare and increase in medical tourism         155

9.4.5      AUSTRALIA       157

9.4.5.1   Substantial government funding and favorable regulatory environment   157

9.4.6      SOUTH KOREA 159

9.4.6.1   Rapid technological advancement with presence of prominent digital equipment manufacturers and robust government support            159

9.4.7      REST OF ASIA PACIFIC  161

9.5         LATIN AMERICA             162

9.5.1      LATIN AMERICA: MACROECONOMIC OUTLOOK            162

9.5.2      BRAZIL 164

9.5.2.1   Rising awareness about advanced diagnostic and treatment procedures   164

9.5.3      MEXICO             166

9.5.3.1   Favorable investment scenario for medical device manufacturers             166

9.5.4      REST OF LATIN AMERICA          168

9.6         MIDDLE EAST & AFRICA             170

9.6.1      MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK            171

9.6.2      GCC COUNTRIES           173

9.6.2.1   Higher disposable incomes to offset lower healthcare spending due to effects of economic downturn           173

9.6.3      REST OF MIDDLE EAST & AFRICA           175

10          COMPETITIVE LANDSCAPE       177

10.1       OVERVIEW        177

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          177

10.3       REVENUE SHARE ANALYSIS       179

10.4       MARKET SHARE ANALYSIS         180

10.5       COMPANY VALUATION AND FINANCIAL METRICS OF MEDICAL DEVICE ENGINEERING SERVICE VENDORS        182

10.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   183

10.6.1    STARS  183

10.6.2    EMERGING LEADERS    183

10.6.3    PERVASIVE PLAYERS     184

10.6.4    PARTICIPANTS 184

10.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      185

10.6.5.1 Company footprint            185

10.6.5.2 Service type footprint        186

10.6.5.3 Device type footprint         188

10.6.5.4 Regional footprint              189

10.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          190

10.7.1    PROGRESSIVE COMPANIES       190

10.7.2    RESPONSIVE COMPANIES          190

10.7.3    DYNAMIC COMPANIES 191

10.7.4    STARTING BLOCKS       191

10.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             192

10.7.5.1 Detailed list of key startup/SME players        192

10.7.5.2 Competitive benchmarking of key startup/SME players             192

10.8       COMPETITIVE SITUATION AND TRENDS           193

10.8.1    DEALS  193

10.8.2    EXPANSIONS    194

10.8.3    DEVELOPMENTS           195

10.9       BRAND/PRODUCT COMPARATIVE ANALYSIS    196

10.10     MEDICAL DEVICE ENGINEERING MARKET: R&D EXPENDITURE 197

11          COMPANY PROFILES    198

11.1       KEY PLAYERS   198

11.1.1    L&T TECHNOLOGY SERVICES LIMITED (LTTS) 198

11.1.1.1 Business overview 198

11.1.1.2 Services offered   200

11.1.1.3 Recent developments         201

11.1.1.3.1            Deals     201

11.1.1.3.2            Expansions          202

11.1.1.4 MnM view           202

11.1.1.4.1            Right to win         202

11.1.1.4.2            Strategic choices  202

11.1.1.4.3            Weaknesses & competitive threats   202

11.1.2    INFOSYS LIMITED          203

11.1.2.1 Business overview 203

11.1.2.2 Services offered   204

11.1.2.3 Recent developments         206

11.1.2.3.1            Deals     206

11.1.2.4 MnM view           206

11.1.2.4.1            Right to win         206

11.1.2.4.2            Strategic choices  206

11.1.2.4.3            Weaknesses & competitive threats   206

11.1.3    HCL TECHNOLOGIES LIMITED 207

11.1.3.1 Business overview 207

11.1.3.2 Services offered   208

11.1.3.3 Recent developments         210

11.1.3.3.1            Deals     210

11.1.3.3.2            Expansions          211

11.1.3.4 MnM view           211

11.1.3.4.1            Right to win         211

11.1.3.4.2            Strategic choices  211

11.1.3.4.3            Weaknesses & competitive threats   211

11.1.4    TATA CONSULTANCY SERVICES LIMITED          212

11.1.4.1 Business overview 212

11.1.4.2 Services offered   214

11.1.4.3 Recent developments         215

11.1.4.3.1            Developments     215

11.1.4.4 MnM view           215

11.1.4.4.1            Right to win         215

11.1.4.4.2            Strategic choices  215

11.1.4.4.3            Weaknesses & competitive threats   215

11.1.5    CYIENT 216

11.1.5.1 Business overview 216

11.1.5.2 Services offered   217

11.1.5.3 Recent developments         219

11.1.5.4 MnM view           220

11.1.5.4.1            Right to win         220

11.1.5.4.2            Strategic choices  220

11.1.5.4.3            Weaknesses & competitive threats   220

11.1.6    WIPRO LIMITED             221

11.1.6.1 Business overview 221

11.1.6.2 Services offered   222

11.1.6.3 Recent developments         223

11.1.7    TECH MAHINDRA LIMITED       224

11.1.7.1 Business overview 224

11.1.7.2 Services offered   225

11.1.7.3 Recent developments         226

11.1.7.3.1            Developments     226

11.1.8    CAPGEMINI      227

11.1.8.1 Business overview 227

11.1.8.2 Services offered   229

11.1.8.3 Recent developments         230

11.1.8.3.1            Developments     230

11.1.9    ACCENTURE PLC           231

11.1.9.1 Business overview 231

11.1.9.2 Services offered   233

11.1.9.3 Recent developments         233

11.1.10  ALTEN GROUP 234

11.1.10.1             Business overview 234

11.1.10.2             Services offered   235

11.1.10.3             Recent developments         237

11.1.10.3.1          Deals     237

11.1.11  FLEX LTD          238

11.1.11.1             Business overview 238

11.1.11.2             Services offered   240

11.1.11.3             Recent developments         240

11.1.12  ALTHEA GROUP            241

11.1.12.1             Business overview 241

11.1.12.2             Services offered   242

11.1.12.3             Recent developments         242

11.1.13  EMBIEN TECHNOLOGIES INDIA PVT LTD.         243

11.1.13.1             Business overview 243

11.1.13.2             Services offered   243

11.1.13.3             Recent developments         244

11.1.13.3.1          Deals     244

11.1.14  SARACA SOLUTIONS PRIVATE LIMITED             245

11.1.14.1             Business overview 245

11.1.14.2             Services offered   245

11.1.14.3             Recent developments         247

11.1.15  CONSONANCE 248

11.1.15.1             Business overview 248

11.1.15.2             Services offered   248

11.1.15.3             Recent developments         249

11.1.16  MED INSTITUTE            250

11.1.16.1             Business overview 250

11.1.16.2             Services offered   250

11.1.16.3             Recent developments         251

11.2       OTHER PLAYERS           252

11.2.1    NEMEDIO INC.  252

11.2.2    STERNUM          253

11.2.3    MEDCRYPT       254

11.2.4    MCRA, LLC        255

11.2.5    NORTH AMERICAN SCIENCE ASSOCIATES, LLC 256

11.2.6    MEDQTECH AB 257

11.2.7    ONTOGEN MEDTECH LLC         258

11.2.8    SEISA MEDICAL 259

11.2.9    SIMPLEXITY PRODUCT DEVELOPMENT             260

11.2.10  VERANEX          261

12          APPENDIX         262

12.1       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             267

12.2       CUSTOMIZATION OPTIONS      269

12.3       AUTHOR DETAILS         269

LIST OF TABLES

TABLE 1             USD CURRENCY CONVERSION RATES, 2019–2023 (USD) 27

TABLE 2             MEDICAL DEVICE ENGINEERING MARKET: PORTER’S FIVE FORCES ANALYSIS         59

TABLE 3             JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA              65

TABLE 4             CHINA: CLASSIFICATION OF MEDICAL DEVICES             65

TABLE 5             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 69

TABLE 6             EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 69

TABLE 7             ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 70

TABLE 8             LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 70

TABLE 9             MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT

AGENCIES, AND OTHER ORGANIZATIONS         71

TABLE 10           AVERAGE SELLING PRICE OF MEDICAL DEVICE REGULATORY CONSULTING SERVICES FOR HCL TECHNOLOGIES LIMITED, BY REGION, 2021–2023 (USD)        74

TABLE 11           INDICATIVE PRICING FOR MEDICAL DEVICE SOFTWARE DEVELOPMENT AND TESTING SERVICES, PROTOTYPING SERVICES, AND CYBERSECURITY

SERVICES, 2023 (USD)   75

TABLE 12           TRADE ANALYSIS OF MEDICAL DEVICE PRODUCTS, 2023 (USD MILLION)          75

TABLE 13           IMPORT DATA FOR INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL OR VETERINARY SCIENCES, N.E.S. (HS CODE 9018), BY COUNTRY,

2019–2023 (USD THOUSAND)     76

TABLE 14           EXPORT DATA FOR INSTRUMENTS AND APPLIANCES USED IN MEDICAL, SURGICAL, DENTAL OR VETERINARY SCIENCES, N.E.S. (HS CODE 9018), BY COUNTRY,

2019–2023 (USD THOUSAND)     76

TABLE 15           LIST OF KEY CONFERENCES AND EVENTS IN MEDICAL DEVICE ENGINEERING MARKET IN 2024–2025    77

TABLE 16           INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MEDICAL DEVICE ENGINEERING BASED ON END USER 78

TABLE 17           KEY BUYING CRITERIA FOR MEDICAL DEVICE ENGINEERING BASED ON END USER    79

TABLE 18           MEDICAL DEVICE ENGINEERING MARKET: ECOSYSTEM ANALYSIS          81

TABLE 19           SOFTWARE PRODUCT SERVICES: MEDICAL DEVICE ENGINEERING

BY INFOSYS LIMITED (INDIA)   84

TABLE 20           AUTOMATED INFUSION PUMP: AFFORDABLE INFUSION PUMP WITH

FLOW RATE ACCURACY OF 0.01ML PER HOUR BY TATA ELXI (INDIA)    85

TABLE 21           MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          90

TABLE 22           KEY PLAYERS PROVIDING PRODUCT INNOVATION & DESIGN/INDUSTRIAL

DESIGN SERVICES         91

TABLE 23           MEDICAL DEVICE PRODUCT INNOVATION & DESIGN/INDUSTRIAL DESIGN SERVICES MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 92

TABLE 24           KEY PLAYERS PROVIDING PROTOTYPING SERVICES     93

TABLE 25           MEDICAL DEVICE PROTOTYPING SERVICES MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          94

TABLE 26           KEY PLAYERS PROVIDING ELECTRONICS ENGINEERING SERVICES          95

TABLE 27           MEDICAL DEVICE ELECTRONICS ENGINEERING SERVICES MARKET,

BY COUNTRY, 2022–2029 (USD MILLION)            96

TABLE 28           KEY PLAYERS PROVIDING SOFTWARE DEVELOPMENT & TESTING SERVICES       97

TABLE 29           MEDICAL DEVICE SOFTWARE DEVELOPMENT & TESTING SERVICES MARKET,

BY COUNTRY, 2022–2029 (USD MILLION)            98

TABLE 30           KEY PLAYERS PROVIDING CONNECTIVITY AND MOBILITY SERVICES          99

TABLE 31           MEDICAL DEVICE ENGINEERING MARKET FOR CONNECTIVITY AND MOBILITY SERVICES, BY COUNTRY, 2022–2029 (USD MILLION)          100

TABLE 32           KEY PLAYERS PROVIDING CYBERSECURITY SERVICES  101

TABLE 33           MEDICAL DEVICE CYBERSECURITY SERVICES MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          101

TABLE 34           KEY PLAYERS PROVIDING PRODUCT TESTING SERVICES              102

TABLE 35           MEDICAL DEVICE PRODUCT TESTING SERVICES MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          103

TABLE 36           KEY PLAYERS PROVIDING REGULATORY CONSULTING SERVICES          104

TABLE 37           MEDICAL DEVICE REGULATORY CONSULTING SERVICES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)         105

TABLE 38           KEY PLAYERS PROVIDING PRODUCT SUPPORT & MAINTENANCE SERVICES          106

TABLE 39           MEDICAL DEVICE ENGINEERING MARKET FOR PRODUCT SUPPORT & MAINTENANCE SERVICES, BY COUNTRY, 2022–2029 (USD MILLION)          107

TABLE 40           MEDICAL DEVICE ENGINEERING MARKET, BY FACILITY TYPE,

2022–2029 (USD MILLION)          109

TABLE 41           MEDICAL DEVICE ENGINEERING MARKET FOR ENGINEERING SERVICE PROVIDERS (ESPS), BY SERVICE TYPE, 2022–2029 (USD MILLION)              110

TABLE 42           MEDICAL DEVICE ENGINEERING MARKET FOR GLOBAL CAPABILITY CENTERS (GCCS), BY SERVICE TYPE, 2022–2029 (USD MILLION)              111

TABLE 43           MEDICAL DEVICE ENGINEERING MARKET FOR IN-HOUSE SERVICES, BY SERVICE TYPE, 2022–2029 (USD MILLION) 112

TABLE 44           MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          114

TABLE 45           MEDICAL DEVICE ENGINEERING MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY COUNTRY, 2022–2029 (USD MILLION)            116

TABLE 46           MEDICAL DEVICE ENGINEERING MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY COUNTRY, 2022–2029 (USD MILLION)          118

TABLE 47           MEDICAL DEVICE ENGINEERING MARKET FOR SURGICAL EQUIPMENT,

BY COUNTRY, 2022–2029 (USD MILLION)            119

TABLE 48           MEDICAL DEVICE ENGINEERING MARKET FOR MEDICAL LASERS, BY COUNTRY, 2022–2029 (USD MILLION)           121

TABLE 49           MEDICAL DEVICE ENGINEERING MARKET FOR IVD DEVICES, BY COUNTRY,

2022–2029 (USD MILLION)          122

TABLE 50           MEDICAL DEVICE ENGINEERING MARKET FOR OTHER MEDICAL DEVICES,

BY COUNTRY, 2022–2029 (USD MILLION)            123

TABLE 51           MEDICAL DEVICE ENGINEERING MARKET, BY REGION, 2022–2029 (USD MILLION)     125

TABLE 52           NORTH AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          127

TABLE 53           NORTH AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)     127

TABLE 54           NORTH AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)      128

TABLE 55           US: KEY MACROECONOMIC INDICATORS          129

TABLE 56           US: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          129

TABLE 57           US: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          130

TABLE 58           CANADA: KEY MACROECONOMIC INDICATORS             131

TABLE 59           CANADA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          131

TABLE 60           CANADA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          132

TABLE 61           EUROPE: MEDICAL DEVICE ENGINEERING MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          133

TABLE 62           EUROPE: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          134

TABLE 63           EUROPE: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          135

TABLE 64           GERMANY: KEY MACROECONOMIC INDICATORS           136

TABLE 65           GERMANY: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          136

TABLE 66           GERMANY: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          137

TABLE 67           UK: KEY MACROECONOMIC INDICATORS          138

TABLE 68           UK: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          138

TABLE 69           UK: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          139

TABLE 70           FRANCE: KEY MACROECONOMIC INDICATORS 140

TABLE 71           FRANCE: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          140

TABLE 72           FRANCE: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          141

TABLE 73           ITALY: KEY MACROECONOMIC INDICATORS    142

TABLE 74           ITALY: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          142

TABLE 75           ITALY: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          143

TABLE 76           SPAIN: KEY MACROECONOMIC INDICATORS    144

TABLE 77           SPAIN: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          144

TABLE 78           SPAIN: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          145

TABLE 79           REST OF EUROPE: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)     146

TABLE 80           REST OF EUROPE: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)      147

TABLE 81           ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY COUNTRY,

2022–2029 (USD MILLION)          149

TABLE 82           ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          150

TABLE 83           ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          150

TABLE 84           JAPAN: KEY MACROECONOMIC INDICATORS    151

TABLE 85           JAPAN: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          152

TABLE 86           JAPAN: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          152

TABLE 87           CHINA: KEY MACROECONOMIC INDICATORS   153

TABLE 88           CHINA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          154

TABLE 89           CHINA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          154

TABLE 90           INDIA: KEY MACROECONOMIC INDICATORS    155

TABLE 91           INDIA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          156

TABLE 92           INDIA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          156

TABLE 93           AUSTRALIA: KEY MACROECONOMIC INDICATORS        157

TABLE 94           AUSTRALIA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          158

TABLE 95           AUSTRALIA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          158

TABLE 96           SOUTH KOREA: KEY MACROECONOMIC INDICATORS  159

TABLE 97           SOUTH KOREA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)          160

TABLE 98           SOUTH KOREA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          160

TABLE 99           REST OF ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION) 161

TABLE 100         REST OF ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)   162

TABLE 101         LATIN AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY COUNTRY, 2022–2029 (USD MILLION)            163

TABLE 102         LATIN AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)     163

TABLE 103         LATIN AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)      164

TABLE 104         BRAZIL: KEY MACROECONOMIC INDICATORS  165

TABLE 105         BRAZIL: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          165

TABLE 106         BRAZIL: MEDIAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          166

TABLE 107         MEXICO: KEY MACROECONOMIC INDICATORS 167

TABLE 108         MEXICO: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2022–2029 (USD MILLION)          167

TABLE 109         MEXICO: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2022–2029 (USD MILLION)          168

TABLE 110         REST OF LATIN AMERICA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION) 169

TABLE 111         REST OF LATIN AMERICA: MEDIAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)   170

TABLE 112         MIDDLE EAST & AFRICA: MEDICAL DEVICE ENGINEERING MARKET, BY COUNTRY, 2022–2029 (USD MILLION)         172

TABLE 113         MIDDLE EAST & AFRICA: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION) 172

TABLE 114         MIDDLE EAST & AFRICA: MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)   173

TABLE 115         GCC COUNTRIES: MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)     174

TABLE 116         GCC COUNTRIES: MEDIAL EQUIPMENT MAINTENANCE, BY DEVICE TYPE,

2022–2029 (USD MILLION)          175

TABLE 117         REST OF MIDDLE EAST & AFRICA: MEDICAL DEVICE ENGINEERING MARKET,

BY SERVICE TYPE, 2022–2029 (USD MILLION)     176

TABLE 118         REST OF MIDDLE EAST & AFRICA: MEDIAL DEVICE ENGINEERING MARKET,

BY DEVICE TYPE, 2022–2029 (USD MILLION)      176

TABLE 119         MEDICAL DEVICE ENGINEERING MARKET: DEGREE OF COMPETITION 181

TABLE 120         SERVICE TYPE FOOTPRINT       186

TABLE 121         DEVICE TYPE FOOTPRINT         188

TABLE 122         REGIONAL FOOTPRINT             189

TABLE 123         MEDICAL DEVICE ENGINEERING MARKET: DETAILED LIST OF

KEY STARTUP/SME PLAYERS    192

TABLE 124         MEDICAL DEVICE ENGINEERING: COMPETITIVE BENCHMARKING OF KEY STARTUP/SME PLAYERS, BY REGION 192

TABLE 125         MEDICAL DEVICE ENGINEERING MARKET: DEALS, JANUARY 2020–JULY 2024 193

TABLE 126         MEDICAL DEVICE ENGINEERING MARKET: EXPANSIONS,

JANUARY 2020–JULY 2024           194

TABLE 127         MEDICAL DEVICE ENGINEERING MARKET: DEVELOPMENTS,

JANUARY 2020–JULY 2024           195

TABLE 128         L&T TECHNOLOGY SERVICES LIMITED (LTTS): COMPANY OVERVIEW        198

TABLE 129         L&T TECHNOLOGY SERVICES LIMITED (LTTS): SERVICES OFFERED          200

TABLE 130         L&T TECHNOLOGY SERVICES LIMITED (LTTS): DEALS 201

TABLE 131         L&T TECHNOLOGY SERVICES LIMITED (LTTS): EXPANSIONS              202

TABLE 132         INFOSYS LIMITED: COMPANY OVERVIEW          203

TABLE 133         INFOSYS LIMITED: SERVICES OFFERED 204

TABLE 134         INFOSYS LIMITED: DEALS          206

TABLE 135         HCL TECHNOLOGIES LIMITED: COMPANY OVERVIEW 207

TABLE 136         HCL TECHNOLOGIES LIMITED: SERVICES OFFERED      208

TABLE 137         HCL TECHNOLOGIES LIMITED: DEALS 210

TABLE 138         HCL TECHNOLOGIES LIMITED: EXPANSIONS    211

TABLE 139         TATA CONSULTANCY SERVICES LIMITED: COMPANY OVERVIEW        212

TABLE 140         TATA CONSULTANCY SERVICES LIMITED: SERVICES OFFERED              214

TABLE 141         TATA CONSULTANCY SERVICES LIMITED: DEVELOPMENTS              215

TABLE 142         CYIENT: COMPANY OVERVIEW 216

TABLE 143         CYIENT: SERVICES OFFERED     217

TABLE 144         WIPRO LIMITED: COMPANY OVERVIEW             221

TABLE 145         WIPRO LIMITED: SERVICES OFFERED   222

TABLE 146         TECH MAHINDRA LIMITED: BUSINESS OVERVIEW         224

TABLE 147         TECH MAHINDRA LIMITED: SERVICES OFFERED            225

TABLE 148         TECH MAHINDRA LIMITED: DEVELOPMENTS   226

TABLE 149         CAPGEMINI: COMPANY OVERVIEW       227

TABLE 150         CAPGEMINI: SERVICES OFFERED           229

TABLE 151         CAPGEMINI: DEVELOPMENTS  230

TABLE 152         ACCENTURE PLC: BUSINESS OVERVIEW             231

TABLE 153         ACCENTURE PLC: SERVICES OFFERED  233

TABLE 154         ALTEN GROUP: COMPANY OVERVIEW  234

TABLE 155         ALTEN GROUP: SERVICES OFFERED      235

TABLE 156         ALTEN GROUP: DEALS 237

TABLE 157         FLEX LTD: BUSINESS OVERVIEW            238

TABLE 158         FLEX LTD: SERVICES OFFERED 240

TABLE 159         ALTHEA GROUP: BUSINESS OVERVIEW 241

TABLE 160         ALTHEA GROUP: SERVICES OFFERED   242

TABLE 161         EMBIEN TECHNOLOGIES INDIA PVT LTD.: COMPANY OVERVIEW        243

TABLE 162         EMBIEN TECHNOLOGIES INDIA PVT LTD.: SERVICES OFFERED              243

TABLE 163         EMBIEN TECHNOLOGIES INDIA PVT LTD.: DEALS         244

TABLE 164         SARACA SOLUTIONS PRIVATE LIMITED: COMPANY OVERVIEW              245

TABLE 165         SARACA SOLUTIONS PRIVATE LIMITED: SERVICES OFFERED              245

TABLE 166         CONSONANCE: BUSINESS OVERVIEW   248

TABLE 167         CONSONANCE: SERVICES OFFERED      248

TABLE 168         MED INSTITUTE: BUSINESS OVERVIEW 250

TABLE 169         MED INSTITUTE: SERVICES OFFERED   250

LIST OF FIGURES

FIGURE 1           MEDICAL DEVICE SERVICE ENGINEERING MARKET SEGMENTATION           25

FIGURE 2           STUDY YEARS CONSIDERED     26

FIGURE 3           RESEARCH DESIGN       29

FIGURE 4           KEY DATA FROM SECONDARY SOURCES            31

FIGURE 5           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION    32

FIGURE 6           PRIMARY SOURCES: MEDICAL DEVICE ENGINEERING MARKET              32

FIGURE 7           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  34

FIGURE 8           REVENUE-BASED MARKET SIZE ESTIMATION   36

FIGURE 9           DATA TRIANGULATION METHODOLOGY         38

FIGURE 10         MEDICAL DEVICE ENGINEERING MARKET, BY SERVICE TYPE,

2024 VS. 2029 (USD MILLION)     40

FIGURE 11         MEDICAL DEVICE ENGINEERING MARKET, BY DEVICE TYPE,

2024 VS. 2029 (USD MILLION)     41

FIGURE 12         GEOGRAPHIC SNAPSHOT: MEDICAL DEVICE ENGINEERING MARKET            42

FIGURE 13         INCREASE IN PREVALENCE OF CHRONIC DISORDERS: MAJOR FACTOR DRIVING MARKET GROWTH   43

FIGURE 14         PATIENT MONITORING DEVICES &LIFE SUPPORT DEVICES AND CHINA ACCOUNTED FOR LARGEST SEGMENTAL SHARES OF ASIA PACIFIC MARKET IN 2023           44

FIGURE 15         CHINA TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD       45

FIGURE 16         NORTH AMERICA TO CONTINUE TO DOMINATE MEDICAL DEVICE ENGINEERING MARKET DURING FORECAST PERIOD   46

FIGURE 17         DEVELOPING MARKETS TO REGISTER HIGHER GROWTH

RATES DURING FORECAST PERIOD       47

FIGURE 18         MEDICAL DEVICE ENGINEERING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       48

FIGURE 19         MEDICAL DEVICE ENGINEERING MARKET: VALUE CHAIN ANALYSIS          57

FIGURE 20         SUPPLY CHAIN ANALYSIS          58

FIGURE 21         MEDICAL DEVICE ENGINEERING MARKET: PORTER’S FIVE FORCES ANALYSIS         60

FIGURE 22         PATENT PUBLICATION TRENDS, 2014–2024       72

FIGURE 23         TOP APPLICANTS AND OWNERS (COMPANIES/INSTITUTIONS) FOR MEDICAL DEVICE ENGINEERING PATENTS, 2014–2024          73

FIGURE 24         AVERAGE SELLING PRICE OF MEDICAL DEVICE REGULATORY CONSULTING SERVICES FOR HCL TECHNOLOGIES LIMITED, BY REGION, 2023 (USD)   74

FIGURE 25         INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MEDICAL DEVICE ENGINEERING BASED ON END USER 78

FIGURE 26         KEY BUYING CRITERIA FOR MEDICAL DEVICE ENGINEERING BASED ON END USER    79

FIGURE 27         KEY FEATURES OF GENERATIVE AI IN MEDICAL DEVICE ENGINEERING MARKET             80

FIGURE 28         MEDICAL DEVICE ENGINEERING MARKET: ECOSYSTEM              81

FIGURE 29         MEDICAL DEVICE ENGINEERING MARKET: TRENDS/ DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESSES   86

FIGURE 30         NUMBER OF DEALS & FUNDINGS IN MEDICAL DEVICE ENGINEERING MARKET, 2018–2022 (USD MILLION)        87

FIGURE 31         NUMBER OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022              87

FIGURE 32         VALUE OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022 (USD MILLION)          88

FIGURE 33         NORTH AMERICA: MEDICAL DEVICE ENGINEERING MARKET SNAPSHOT        126

FIGURE 34         ASIA PACIFIC: MEDICAL DEVICE ENGINEERING MARKET SNAPSHOT        148

FIGURE 35         OVERVIEW OF STRATEGIES DEPLOYED BY KEY SERVICE-BASED COMPANIES       178

FIGURE 36         REVENUE ANALYSIS OF TOP THREE PLAYERS IN MEDICAL DEVICE ENGINEERING MARKET, 2019–2023 (USD MILLION)       179

FIGURE 37         MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023          180

FIGURE 38         EV/EBITDA OF KEY VENDORS   182

FIGURE 39         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR

STOCK BETA OF KEY VENDORS 183

FIGURE 40         MEDICAL DEVICE ENGINEERING MARKET:

COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 184

FIGURE 41         COMPANY FOOTPRINT, 2023    185

FIGURE 42         MEDICAL DEVICE ENGINEERING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 191

FIGURE 43         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY MODEL              196

FIGURE 44         R&D EXPENDITURE OF KEY PLAYERS, 2022 VS. 2023 (USD MILLION)          197

FIGURE 45         L&T TECHNOLOGY SERVICES LIMITED (LTTS): COMPANY SNAPSHOT, 2023            199

FIGURE 46         INFOSYS LIMITED: COMPANY SNAPSHOT, 2023 204

FIGURE 47         HCL TECHNOLOGIES LIMITED: COMPANY SNAPSHOT, 2023              208

FIGURE 48         TATA CONSULTANCY SERVICES LIMITED: COMPANY SNAPSHOT, 2024            213

FIGURE 49         CYIENT: COMPANY SNAPSHOT, 2023     217

FIGURE 50         WIPRO LIMITED: COMPANY SNAPSHOT, 2024   222

FIGURE 51         TECH MAHINDRA LIMITED: COMPANY SNAPSHOT, 2023              225

FIGURE 52         CAPGEMINI: COMPANY SNAPSHOT, 2023           228

FIGURE 53         ACCENTURE PLC: COMPANY SNAPSHOT, 2023  232

FIGURE 54         ALTEN GROUP: COMPANY SNAPSHOT, 2023      235

FIGURE 55         FLEX LTD: COMPANY SNAPSHOT, 2024 239