According to a study published by Insure Insights, the electronic manufacturing services in medical field market is anticipated to grow at a CAGR of 6.1% during the forecast period. Electronics Manufacturing Services (EMS) are the organizations that design, manufacture, test, distribute, and offer return or repair services for electronic components and assemblies for original equipment manufacturers (OEMs). It is also referred to as Electronics Contract Manufacturing (ECM). EMS plays an essential role and has broad application in the medical sector, especially wearables. The medical sector is often on high demand for electronics that are flexible and can stretch. These modern requirements have encouraged many electronics manufacturing services (EMS) companies to evolve beyond merely offering manufacturing services to include medical product design, logistics, fulfillment, and repair.

Top Driver: Growing Demand for Wearable Medical Devices and Technological Advancements

Growing requirements for wearable medical devices drive the need for flexible, compact, lighter, and feasible products, thereby driving the demand for EMS in the medical sector. The evolving digitization and advancements in medical devices create the demand for electronic contracting manufacturing services to deliver safe & secure machinery worldwide. Technical advancement in sensor technology and the rapid adoption of remote health-monitoring devices create lucrative opportunities for EMS service providers. Firms in the healthcare sector are focusing on building strategic partnerships to attain high-quality and high-precision medical equipment, consecutively boosting the market.

Medical and Healthcare to Make Crucial Contribution to Growth of the Market

Among application segments of the global electronic manufacturing services in medical field market, medical and healthcare is predicted to show significant growth in future owing to the growing technological advancements in the field to improve healthcare facilities. The other major segments in the application include Consumer Electronics, Aerospace & Defense, Others. On the basis of service, the market is segmented into Engineering services, Test & development implementation, Others.

Rising Investments In The Market to Benefit Asia Pacific Market

Asia Pacific region is anticipated to gain highest revenue shares due to the increase in the initiatives taken by the government for the awareness of the services and the policies available for supporting electronics manufacturing and development for the region. This would help the industry gain significant shares in the coming years. Furthermore, the rise in the demand for the manufacturing of the electronics is anticipated to help the industry in the forecast period.

Players to Focus on Electronic Manufacturing Services In Medical Field Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Benchmark Electronics, Inc., Celestica Inc, Advanced Semiconductor Engineering Inc., Compal Electronics, Inc., Delta Group Electronics, Inc., Fabrinet, Flex Ltd, Foxconn Technology Group, Integrated Micro-Electronics, Inc., Inventec Corporation, Jabil Inc., KeyTronicEMS , Kimball Electronics, Inc., and Plexus Corp. among others could be at the forefront of the competition in the global market.

Jabil: In December 2019, Jabil had announced a partnership with Eaton for electronic manufacturing services to support the fast-growing electrified vehicle sector. Furthermore, this partnership, Jabil will produce electromechanical and PCB assemblies for Eaton’s eMobility business.

Delta Electronics, Inc.: In May 2020, Delta Electronics, Inc. announced the signing of a definitive agreement pursuant to which Delta Electronics B.V., a wholly-owned subsidiary of Delta, will acquire 100% of the shares of Trihedral Engineering Limited, a Canadian SCADA and IIoT software company, for CAD 45 million. The acquisition will unite the strengths of Delta’s hardware and Trihedral’s software in the rapidly growing field of Automation, AI, and Data Analytics, which is expected to further strengthen the sales expansion in various fields such as industrial automation for smart manufacturing.

Scope of the Report

By Service

• Engineering services
• Test & development implementation
• Others

By Application

• Consumer Electronics
• Medical and Healthcare
• Aerospace & Defense
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.