ASIA ALARMING EU MEDICAL DEVICE MAKERS

Asia is emerging as a hot spot for low-cost medical device manufacturing as European drug companies pursue outsourcing options or relocate production to cut costs. This increasing Asian competition is alarming for European medical device companies that risk losing valuable market share, according to a recent Frost & Sullivan report. With pharma companies continually searching for cheaper manufacturing options for medical devices, the trend towards outsourcing this area of production to Asia is now on the rise, with China and India poised to take the lions share of new business.
OutsourcingPharma.com