Medical Device Contract Manufacturing Market Size, Share, Trends, Growth 2032
Medical Device Contract Manufacturing Market By Device Type (In-vitro Diagnostic Medical Devices, Diagnostic Imaging & Medical Equipment, Drug Delivery Devices, Patient Monitoring Devices, Minimally Access Surgical Instruments, Therapeutic Patient Assistive Devices and Others), Type of Manufacturing (Raw Materials, Electronics and Finished Goods), & Services (Prototype Development, Finished Device Manufacturing, Assembly & Packaging, Testing & Regulatory Support Services, Molding & Casting and Others) And Applications (Cardiovascular, Orthopedic, Neurovascular, Pulmonary, Oncology, Laparoscopy, Urology & Gynecology, Radiology and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 71.24 Billion | USD 205.65 Billion | 12.50% | 2023 |
Medical Device Contract Manufacturing Industry Prospective:
The global medical device contract manufacturing market size was worth around USD 71.24 billion in 2023 and is predicted to grow to around USD 205.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 12.50% between 2024 and 2032.
The study includes drivers and restraints for the Medical Device Contract Manufacturing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Medical Device Contract Manufacturing market on a global level.
Medical Device Contract Manufacturing Market: Growth Drivers
In order to give the users of this report a comprehensive view on the Medical Device Contract Manufacturing market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Device Type, Type of Manufacturing, Services, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on global and regional basis.
The study provides a decisive view on the Medical Device Contract Manufacturing market by segmenting the market based on Device Type, Type of Manufacturing, Services, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.
Medical Device Contract Manufacturing Market : Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Medical Device Contract Manufacturing Market Research Report |
| Market Size in 2023 | USD 71.24 Billion |
| Market Forecast in 2032 | USD 205.65 Billion |
| Growth Rate | CAGR of 12.50% |
| Number of Pages | 215 |
| Key Companies Covered | Flextronics International, LTD., Jabil Inc., Benchmark Electronics, Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, and Nordson Corporation |
| Segments Covered | By Device Type, By Type of Manufacturing, By Services and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Medical Device Contract Manufacturing Market: Competitive Analysis
The global medical device contract manufacturing market is led by players like:
- Flextronics International, LTD
- Jabil Inc
- Benchmark Electronics, Inc
- Integer Holdings Corporation (Greatbatch)
- West Pharmaceutical Services, Inc
- Tecomet, Inc
- Nortech Systems
- TE Connectivity (Creganna Medical)
- Forefront Medical Technologies
- Nordson Corporation
The report segments global Medical Device Contract Manufacturing market as follows:
Global Medical Device Contract Manufacturing Market: Device Type Segment Analysis
- In-vitro Diagnostic Medical Devices
- Diagnostic Imaging & Medical Equipment
- Drug Delivery Devices
- Patient Monitoring Devices
- Minimally Access Surgical Instruments
- Therapeutic Patient Assistive Devices
- Others
Global Medical Device Contract Manufacturing Market: Type of Manufacturing Segment Analysis
- Raw Materials
- Electronics
- Finished Goods
Global Medical Device Contract Manufacturing Market: Services Segment Analysis
- Prototype Development
- Finished Device Manufacturing
- Assembly & Packaging
- Testing & Regulatory Support Services
- Molding & Casting
- Others
Global Medical Device Contract Manufacturing Market: Application Segment Analysis
- Cardiovascular
- Orthopedic
- Neurovascular
- Pulmonary
- Oncology
- Laparoscopy
- Urology & Gynecology
- Radiology
- Others
Global Medical Device Contract Manufacturing Market: Regional Segment Analysis
- North America
- The U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Medical device contract manufacturing is a service offered by specialised firms that design, develop, manufacture, and assemble medical devices for original equipment manufacturers (OEMs). These contract manufacturers have the experience, facilities, and regulatory understanding needed to create medical devices that satisfy stringent industry requirements.
Several main variables influence the growth of the contract manufacturing industry for medical devices. These include technology developments, legislative changes, trends in the healthcare industry, and economic considerations.
The global medical device contract manufacturing market size was worth around USD 71.24 billion in 2023 and is predicted to grow to around USD 205.65 billion by 2032.
The global medical device contract manufacturing market a compound annual growth rate (CAGR) of roughly 12.50% between 2024 and 2032.
Which region will contribute notably towards the medical device contract manufacturing market value?
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.
Flextronics International, LTD., Jabil Inc., Benchmark Electronics, Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, and Nordson Corporation.
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