PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1802921
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1802921
The global medical device contract manufacturing market is projected to reach USD 140.84 billion in 2030 from USD 83.77 billion in 2025, at a CAGR of 10.9% between 2025 and 2030.
Scope of the Report | |
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Years Considered for the Study | 2024-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD billion) |
Segments | Device Type, Service Type, Service Provider, Contract Type, End User, and Region |
Regions covered | North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa |
Rising technological advancements in medical devices, along with an increasing geriatric population, are expected to drive the market. The market is anticipated to grow due to continuous developments in medical fields such as robotics and minimally invasive surgery, artificial intelligence (AI) in medical devices, telemedicine, and remote patient monitoring. The aging population with a rising need for medical diagnostics further contributes to market growth. However, strict regulatory compliance and complexities in supply chain management are expected to limit market growth to some extent.
"By device type, the drug delivery devices segment is expected to witness the highest CAGR in the medical device contract manufacturing market."
The drug delivery devices segment is anticipated to experience the highest CAGR in the medical device contract manufacturing market from 2025 to 2030. This growth is primarily driven by the escalating demand for targeted, efficient, and patient-centric drug delivery systems. The rising incidence of chronic conditions such as diabetes, cancer, and respiratory diseases has significantly increased the utilization of devices, including inhalers, insulin pens, auto-injectors, and implantable pumps. Pharmaceutical companies are increasingly outsourcing the manufacturing of these intricately designed devices to contract manufacturers, capitalizing on their specialized technical capabilities and optimizing production costs. Furthermore, the ongoing advancements in biologics and the shift toward personalized medicine are propelling the demand for innovative drug delivery mechanisms, thereby intensifying growth in this sector throughout the projected period.
"The device development & manufacturing services segment has accounted for the largest share in the market in 2024, by services."
The device development and manufacturing services segment commands the largest market share within the medical device contract manufacturing sector, primarily due to its integral role in transforming concepts into viable medical devices. Smaller enterprises and mid-sized firms often outsource these services to mitigate costs, accelerate their product timelines, and leverage specialized knowledge and advanced manufacturing techniques. This segment encompasses the entire lifecycle of product development, from initial design and prototyping to large-scale commercialization, rendering it crucial for both emerging and established companies. Furthermore, the escalating demand for sophisticated, high-precision medical instruments-such as minimally invasive surgical devices and wearable health monitoring technologies-has significantly heightened the need for comprehensive manufacturing partnerships, thereby solidifying the preeminence of this segment in the market.
"The Asia Pacific accounted for the largest market share in 2024."
The Asia Pacific (APAC) region is experiencing a significant surge in demand for medical device contract manufacturing services, driven by several key factors. Firstly, the rapid population growth in many countries within this region is creating an increased need for advanced medical solutions. Additionally, there is a growing awareness among healthcare providers and patients about the benefits and functionalities of modern medical devices, which further fuels this demand. The expanding middle class in various Asia Pacific nations is also contributing to this trend, as more consumers gain access to healthcare services and products. As a result of these dynamics, global leaders in the medical device contract manufacturing sector are actively establishing and expanding their operations in the Asia Pacific market. These companies are introducing a variety of cutting-edge medical devices, innovative software solutions, and a diverse range of biocompatible materials tailored to meet the needs of different healthcare settings. In particular, China is set to dominate the APAC medical device contract manufacturing market, and it is projected to capture the largest share in 2024. This growth can be attributed to the increasing prevalence of chronic diseases within the population, alongside greater public and institutional awareness regarding the availability and efficacy of medical devices. As a result, the overall market in the Asia Pacific region has accounted for the largest share in the market, driven by these interconnected trends and the continued evolution of the healthcare landscape.
The prominent players in the medical device contract manufacturing market include include Jabil Inc. (US), Flex Ltd. (Singapore), Plexus Corp. (US), Sanmina Corporation (US), Integer Holdings Corporation (US), TE Connectivity Ltd. (Switzerland), Nipro Corporation (Japan), Celestica Inc. (Canada), West Pharmaceutical Services, Inc. (US), Benchmark Electronics Inc. (US), Recipharm AB (Sweden), Gerresheimer AG (Germany), Kimball Electronics Inc. (US), Nortech Systems, Inc. (US), Carclo Plc (UK), Nolato GW, Inc. (US), and the other players are Nemera. (France), Viant Medical Holdings, Inc. (US), Tecomet, Inc. (US), SMC Ltd. (US), Phillips-Medisize Corporation (US), Tessy Plastics Corp. (US), MeHow (China), Tekni-Plex (US), and Peter's Technology (China).
The report examines the medical device contract manufacturing market and aims to estimate the market size and future growth potential across various segments, including device type, device class, service, and region. It also features a competitive analysis of major players in the market, highlighting their company profiles, product and service offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall medical device contract manufacturing market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.