PUBLISHER: Grand View Research | PRODUCT CODE: 1842271
PUBLISHER: Grand View Research | PRODUCT CODE: 1842271
The global medical device CDMO market size was estimated at USD 122.6 billion in 2024 and is projected to reach USD 354.6 billion by 2033, growing at a CAGR of 12.87% from 2025 to 2033. The medical device CDMO market is driven by shifting trends towards outsourcing, rising cost pressures, and increasing need for specialized expertise.
Besides, most manufacturers are increasingly turning to CDMOs to optimize production processes, shorten time-to-market, and gain access to advanced manufacturing capabilities without the financial burden of investing in infrastructure. In addition, growing requirements for a range of medical devices, a trend influenced by an aging population, rising chronic diseases, and a growing shift towards home care and minimally invasive treatments, are anticipated to drive the market. With the changing dynamics in the medical device industry, outsourcing has become a strategic advantage for established and emerging medtech companies.
The market is gaining momentum due to technological advancements that support enhancing efficiency and competitiveness. The integrating digital manufacturing, automation, and advanced materials into production workflows has further improved precision, scalability, and compliance, contributing to market growth. Besides, the rise of additive manufacturing, particularly 3D printing, has facilitated rapid prototyping and the development of tailored device solutions.
Moreover, among medical device market players, data-driven process optimization and IoT-enabled manufacturing systems have enhanced operational efficiency & quality assurance, further creating CDMOs as critical partners in the evolving medtech industry. These innovations have led to rising collaboration among medical device companies and CDMOs, further contributing to market growth. These factors are expected to drive the commercialization of medical technologies and the innovation of new medical devices.
Global Medical Device CDMO Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global medical device CDMO market report based on product, service, class, application, end use, and region: