Medical Device Contract Manufacturing Market is predicted to reach USD 197.1 billion at a CAGR of 12.00% during the forecast period 2024-2032

Market Research Future (MRFR) has published on the “Global Medical Device Contract Manufacturing Market”.

The Medical Device Contract Manufacturing market is estimated to register a CAGR of 12.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Medical Device Contract Manufacturing market— Flex Ltd., Integer Holdings Corporation, Celestica Inc., Plexus Corp., Sanmina Corporation, Benchmark Electronics, Inc., TE Connectivity Ltd., Jabil Inc., Nordson Corporation and Others.

Global Medical Device Contract Manufacturing Market Highlights

The global Medical Device Contract Manufacturing market is accounted to register a CAGR of 12.00% during the forecast period and is estimated to reach USD 197.1 billion by 2032.

The Medical Device Contract Manufacturing market is expanding due to several factors. Outsourcing manufacturing allows medical device companies to focus on core competencies like research and development while contract manufacturers provide cost-effective production solutions. Additionally, increasing demand for innovative medical devices, regulatory complexities, and the need for flexibility in production scale contributes to the growth of this market. Moreover, globalization and technological advancements further drive the adoption of contract manufacturing services.

Segment Analysis

The global Medical Device Contract Manufacturing market has been segmented based on Device Type, Device and Service.

On the basis of Device Type, the market is segmented into IVD Devices (IVD Consumables, IVD Equipment), Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices (Infusion Devices and Administration Sets, Syringes, Inhalers, Autoinjectors and Pen Injectors), Orthopedic Devices, Respiratory Care Devices, Ophthalmology Devices, Surgical Devices, Diabetes Care Devices, Dental Devices, Endoscopy and Laparoscopy Devices, Gynecology and Urology Devices, Personal Care Devices, Neurology Devices, Patient Monitoring Devices, Patient Assistive Devices and Other Devices. The IVD Devices category captured the largest market share in 2023 due to the growing demand for in vitro diagnostic devices for disease detection and monitoring. Contract manufacturers specialize in producing complex IVD devices, offering expertise in quality assurance and regulatory compliance, making them preferred partners for IVD device companies in the medical device contract manufacturing market.

Based on Device, the global Medical Device Contract Manufacturing market has been segmented into Class I Medical Device, Class II Medical Device and Class III Medical Device. The Class I category captured the largest market share in 2023 due to their relatively simple design and lower regulatory requirements compared to higher-class devices. Contract manufacturers can efficiently produce Class I devices, meeting demand from medical device companies seeking cost-effective manufacturing solutions, thus driving their dominance in the market.

Based on Service, the global Medical Device Contract Manufacturing market has been segmented into Device Development and Manufacturing Services (Device and Component Manufacturing, Process Development Services, Device Engineering Services), Quality Management Services (Packaging Validation Services, Inspection and Testing Services, Sterilization Services), Packaging and Assembly Services (Primary and Secondary Packaging, Labeling) and Others. The Device Development and Manufacturing Services captured the largest market share in 2023 due to the increasing demand for end-to-end solutions from medical device companies. These services offer comprehensive support throughout the product development lifecycle, including design, prototyping, testing, and manufacturing, making them essential for companies seeking streamlined and efficient manufacturing processes.

Explore In-depth Market Details [Table of Content, List of Figures, List of Tables] of Medical Device Contract Manufacturing Market Research Report

Regional Analysis

The global Medical Device Contract Manufacturing market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Medical Device Contract Manufacturing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Medical Device Contract Manufacturing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Medical Device Contract Manufacturing market comprises the Middle East, Africa, and Latin America.

North America dominated the Device Development and Manufacturing Services market due to factors such as a robust healthcare infrastructure, presence of key market players, and significant investments in research and development. Additionally, favorable regulatory policies, access to skilled labor, and technological advancements further contributed to North America's substantial market share in providing comprehensive device development and manufacturing services.

Europe secured the second largest market share in the Device Development and Manufacturing Services market due to factors such as a well-established healthcare infrastructure, a strong emphasis on innovation, and a supportive regulatory environment. Additionally, the presence of leading medical device companies, skilled workforce, and collaborative research initiatives further contributed to Europe's significant position in providing advanced device development and manufacturing services.

Asia Pacific is experiencing the highest compound annual growth rate (CAGR) in the Device Development and Manufacturing Services market due to factors such as the increasing adoption of advanced medical technologies, expanding healthcare infrastructure, and rising demand for cost-effective manufacturing solutions. Moreover, the region's large pool of skilled labor, lower operational costs, and favorable government initiatives further drive market growth in Asia Pacific.

Furthermore, the rest of the world's Medical Device Contract Manufacturing market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Device Development and Manufacturing Services market due to factors such as improving healthcare infrastructure, rising investments in medical device innovation, increasing outsourcing by global medical device companies, and expanding access to skilled labor and manufacturing capabilities in emerging markets.

Key Findings of the Study

• The global Medical Device Contract Manufacturing market is expected to reach USD 197.1 billion by 2032, at a CAGR of 12.00% during the forecast period.


• The Asia Pacific region is experiencing rapid growth in the Device Development and Manufacturing Services market due to factors such as increasing adoption of advanced medical technologies, expanding healthcare infrastructure, and rising demand for cost-effective manufacturing solutions.


• Based on Device Type, the IVD Devices segment was attributed to holding the largest market in 2023, with an approximate market share of 15–35%.


• Flex Ltd., Integer Holdings Corporation, Celestica Inc., Plexus Corp., Sanmina Corporation, Benchmark Electronics, Inc., TE Connectivity Ltd., Jabil Inc., Nordson Corporation and Others are the key market players.