Market Insights
Original Equipment Manufacturers (OEMs) are witnessing an increased demand as the products they often manufacture vital for the completion of a finished healthcare product. With the healthcare sector evolving rapidly to adopt advancing technologies. OEMs are essentially responsible for the most instruments and devices used in the healthcare sector, including software designed specifically for healthcare use, thus consistently driving market growth as the requirements and demands are always changing. The increasing adoption of healthcare IT is another vital factor in encouraging healthcare OEM market growth. A growing emphasis on high-quality products and optimal utilization of resources which have led to reduced costs are some other drivers that will ensure market growth.
The global healthcare OEM market is set to witness a CAGR of USD 16.2% during the forecast period of 2017 to 2023. This projection among others has been made in Market Research Future's market report on healthcare OEM market. The global healthcare sector is booming with advancing technologies and a rising patient pool, thus driving the demand for a wide range of medical products. Valued at USD 160 Bn in 2016, the market is due to grow to reach an estimated evaluation of USD 250 Bn by the end of 2023.
The highly competitive market is likely to challenge the entry of new players in the market which will hinder market growth. However, the abundant availability of opportunities for growth in the market is expected to make the oem medical solutions highly lucrative for market participants in the coming years.
Key Players
The global healthcare OEM market is highly competitive, and MRFR's market report includes several leading market players in its analysis. Key players include Dell, Tata Consultancy Services Ltd., Koninklijke Philips N.V., IBM Corporation, Wipro, Esaote SpA, Drägerwerk AG & Co. KGaA, Fujifilm Holdings Corporation, Allscripts Healthcare Solutions, Siemens Healthcare GmbH, Johnson & Johnson, Hitachi Medical Systems America, Inc., Xerox Corporation, Toshiba Medical Systems Corporation, Accenture Plc., Infosys Ltd., Baxter International, Aramark, GE Healthcare, and Cognizant Technology Solutions Corporation.
Regional Analysis
Led by the U.S, the Americas account for close to 40% of the global market due to the presence of a large number of market players in the region. The presence of significant software sector which has many players operating in the healthcare field is a significant contributor to the regions market position. The growing demand for advanced healthcare IT solutions and other healthcare technology is expected to facilitate market growth.
Market Segmentation
MRFR has performed an in-depth segmental analysis of the market on the basis of type, OEM solutions, application, and region. Based on the type, the market is segmented into healthcare software and medical device & instruments. Healthcare software is sub-segmented into billing & claims management, front/back-office operations, provider management, OT management, financial management, HR, and others. Medical device & instruments are further segmented into surgical, and diagnostic. Extensive analysis and further sub-segmentation on type can be found in MRFR's report.
By OEM solutions, the market is segmented into quality control & regulatory compliance, packaging & sterilization, manufacturing & fabrication, product design & development, technical support, project management, and order fulfillment & flexible distribution.
Based on applications, the market is categorized into dentistry, laboratory, veterinary, healthcare administration, surgery, dialysis, pharmaceutical & cosmetics, ophthalmology, and others. Global segmentation of the market includes the Americas, Europe, Asia Pacific, and the Middle East & Africa.
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