Medical equipment outsourcing is on the rise because of the ageing population. Advancements in technology, the desire to lead an active lifestyle, the rise in chronic conditions and increased public and private spending, are also contributing to a sharp rise, according to a new Bharatbook report.

The report, “Outsourcing in the Global Medical Equipment Industry – The Market Expected to Register High Growth in the Future”, forecasts that the medical equipment outsourcing market will reach $40.1 billion by 2016.

It analyses the key drivers behind outsourcing of manufacturing, clinical research and other support services to low-cost service providers based in Asian countries and elsewhere.