Market Size & Growth

Total Market:

- $71B (2022)

- $119B (2027); 10.8% CAGR

North America:

• $28B (2022)
• $45B (2027)
• 10% CAGR

(MarketsandMarkets)

Segmentation

IVD Devices (20%)

Diag. Imaging (16%)

Cardiovascular (14%)

Drug Delivery (10%)

Ortho (7%)

Respiratory (5%)

Ophthalmology (5%)

Surgical (4%)

Market Drivers

• Pressure to Recue Costs

• Rising Geriatric Population / Diseases

• Adoption of Robots and Automation / Industry 4.0

• Demand for Pre-filled Syringes to Cut Waste & Errors

• Emerging Economics

Customer Needs

• High Quality Manufacturing with Certifications (Molding, Extrusion, Materials, Custom Packaging, Casting, Cleanrooms)

• Design Capabilities

• Geo-location

• Customized Solutions

Industry Trends

• Continuous Increase in Surgical Procedues & Therapies. IVD will Continue to Dominate because of High Prevalence of Chronic Diseases

• Supplier Consolidation & OEM Outsourcing Efforts

Industry Dynamics

• Fairly Fragmented Industry: Top 10 < 40% SOM; Fragmentation scale of 4 (1 = fragmented)

• 2 Million+ Different Kinds of Devices, Categorized into 7000+ Generic Device Groups

• Vibrant M&A Landscape

Industry Challenges

• Raw Material & Component Shortages

• Challenging Labor Market

• Regulations (e.g., Ethylene Oxide used for Sterilization, 510(k))

• Headwinds: Excess Capacity, High Inventory, Weak Economic Outlook

• Innovation vs. Cost

Industry Profitability: High

• Limited New Entrants: High Switching Cost; Risk Averse Customer

• High Market Demand

• Intense Competition based on Capabilities

• Diverse Product Categories

Financials & Attributes 

EBITDA: $3M to $15M 

U.S. Based, International Coverage, Stable & Recurring Cash Flow

Family and Founder-led, Corporate Carve-outs, Management Buyouts

Representative Sectors

Aerospace - Factory Automation - LED Lighting - Industrial Filtration - Packaging - E-Mobility - Ag Tech -

Electrical Controls - Electronics - Wire & Cable - Commercial Vehicles- Medical Devices - Industrial Engineered Components