Description
Healthcare OEM Market
Market Overview
The global healthcare OEM market is anticipated to record a substantial CAGR during the review period to reach 250 billion by the end of 2023.
Original Equipment Manufacturers (OEM) are a very important part of the healthcare industry as they produce all the medical devices used in diagnosis and treatment. The healthcare OEM Market comprises medical software companies, instruments, and device manufacturers.
The global healthcare OEM market is anticipated to attain healthy market growth owing to the rising demand for advanced technology, developments in healthcare IT, rising importance for patient safety, and growing attention towards quality healthcare products.
Additionally, the cost reduction of the healthcare products, ample resources utilization, and rising IT adoption for maintaining administrative and medical data propels the global market during the forecast period. However, the growing competition among the OEM medical device manufacturer is expected to restrain the global market during the review period.
Market Segmentation
The global Healthcare OEM market has been classified into types of OEM products, OEM Solution, and Applications
In terms of types of OEM products, the global market has been divided into Medical devices and instruments and healthcare software.
The medical devices and instruments products are diagnostic instruments and devices and surgical devices. The healthcare software product segment comprises Front or Back Office Operations, HR, Billing, and Claims Management, Financial Management, Provider Management, OT Management, and other software.
By the OEM solutions segment, the global Healthcare OEM Industry is divided into manufacturing and fabrication, regulatory compliance and quality control, Product design and development, Packaging and sterilization, Technical support, Project management, and Order fulfillment, and flexible distribution.
The application segment categorizes the market into Dentistry, Surgery, Healthcare Administration, Pharmaceutical and cosmetics, Laboratory, Veterinary, Dialysis, Ophthalmology, and other applications.
Regional analysis
Geographically, the global market spans four major regions such as Asia-Pacific, the Americas, Europe, and the Middle East, and Africa.
Americas is likely to drive the largest market owing to the largest market share. The regional market growth is attributed to the existence of larger software companies and bigger American medical instruments and devices during the study.
Additionally, the American region is driving the growth of the global market because of the rising emphasis on cost reduction and innovative healthcare IT solution requirements in the region.
The European region is anticipated to contribute to the second largest global healthcare OEM market owing to the well-established medical industry. However, the Asia Pacific is expected to register as the fastest-growing market during the review due to the emerging healthcare sector. Furthermore, the Middle East and African regions are showing steady growth in the global market.
Major Players
The important key players operating in the global healthcare OEM market are Siemens Healthcare GmbH (Germany), Aramark (U.S.), Toshiba Medical Systems Corporation (Japan), Baxter International (U.S), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Drägerwerk AG & Co. KGaA (Germany), Infosys Ltd. (India), Allscripts Healthcare Solutions (U.S), Accenture Plc. (U.S.), Cognizant Technology Solutions Corporation (U.S.), Dell (U.S), Tata Consultancy Services Ltd. (India), IBM Corporation (U.S), Wipro (U.S), Xerox Corporation (U.S.), Johnson & Johnson (U.S), and GE Healthcare (U.K.).
COVID 19 Impacts
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