Research Nester released a report titled “Agile-Based Medical Devices Design Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global Agile-based medical devices design market in terms of market segmentation by design phase, by Agile methodology, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for Agile-based medical devices design is anticipated to witness a significant CAGR during the forecast period, i.e., 2019-2027. The market is segmented by design phase, by Agile methodology, by end user and by region, out of which, the end user segment is further segmented into medical device manufacturers, hospitals and others. Based on end user, the medical device manufacturers segment is estimated to hold the largest share in the market on account of growing demand for medical devices that are designed and developed using Agile methodologies. The rising adoption of Agile methods by medical device manufacturers and increasing number of organizations that provide Agile-based designs and development are additional factors estimated to support the market growth.
The market in North America is estimated to hold the leading share in Agile-based medical devices design market as a result of increasing presence of manufacturers of medical devices in the region. The highly developed healthcare industry and the increasing adoption of Agile methodologies are further estimated to contribute towards the market growth. The markets in Asia Pacific and Europe regions are anticipated to grow at a high rate during the forecast period on account of rising developments in the healthcare industry and growing technological advancements in the region.
Increased Flexibility For Changes In Designs To Drive The Market Growth
The Agile-based development process involves frequent feedback from the customer which allows changes to be made in the designs accordingly. This is a significant factor anticipated to lead to the growth of Agile-based medical devices design market. The faster delivery of device designs to the manufacturers and improved quality of products delivered are additional factors resulting in the market growth.
However, the high number of changes in designs use up a large quantity of resources and labor which is estimated to be a major factor limiting the growth of the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Agile-based medical devices design market which includes company profiling of Agile Medical Device, Oracle (ORCL), HP (HPQ), IBM (IBM), Innokas Medical Ltd., Agile MV, Velentium LLC., StarFish Product Engineering Inc., Orcanos and Eckelmann AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Agile-based medical devices design market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.