Medical Device Contract Manufacturing Market by Services (Device Development & Manufacturing Services, Final Goods Assembly Services, Quality Management Services), Class of Device (Class I Medical Devices, Class II Medical Devices, Class III Medical Devices), Device Type, Application, End User - Global Forecast 2024-2030
The Medical Device Contract Manufacturing Market size was estimated at USD 110.41 billion in 2023 and expected to reach USD 121.29 billion in 2024, at a CAGR 9.99% to reach USD 215.06 billion by 2030.
Medical device contract manufacturing is the process where companies outsource the production of medical devices or components to specialized third parties. This model enables original equipment manufacturers (OEMs) to leverage contract manufacturers' expertise, sophisticated technologies, and production capabilities, facilitating scalability, cost efficiency, and quicker time-to-market for medical devices. Global prevalence of chronic diseases and the aging population drive demand for medical devices, fueling the growth of contract manufacturing services. The increasing complexity of medical devices and stringent regulatory standards across global markets have amplified the demand for contract manufacturing services. These services span across various stages of the production process, including design and development, regulatory compliance support, manufacturing, assembly, and packaging. However, the reliance on medical device contract manufacturing may raise issues related to intellectual property protection, variability in quality assurance across different contract manufacturers, and potential supply chain vulnerabilities. Nevertheless, adopting advanced manufacturing technologies such as 3D printing, automation, and robotics presents opportunities for enhancing efficiency, reducing costs, and customizing medical devices. The ongoing globalization of healthcare markets and the rising demand for personalized medical solutions also present fertile ground for expansion.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing number of CMOs and rising non-invasive surgical procedures
- 5.1.1.2. Growing investments in medical device research and development and manufacturing activities
- 5.1.1.3. Increasing support and and approval process from regulatory authorities related to contract manufacturing services
- 5.1.2. Restraints
- 5.1.2.1. Lack of constant innovation and high costs of services
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing technological advancements and innovations in medical device modalities
- 5.1.3.2. Rising uptake of automation and robotics by medical device manufacturers
- 5.1.4. Challenges
- 5.1.4.1. Stringent government policies for trade and export of medical devices
- 5.2. Market Segmentation Analysis
- 5.2.1. Services: Reliance on device development & manufacturing services for end-to-end process
- 5.2.2. Class of Device: Proliferation of Class III medical device manufacturing owing to high risk devices and regulatory oversight
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Medical Device Contract Manufacturing Market, by Services
- 6.1. Introduction
- 6.2. Device Development & Manufacturing Services
- 6.3. Final Goods Assembly Services
- 6.4. Quality Management Services
- 7. Medical Device Contract Manufacturing Market, by Class of Device
- 7.1. Introduction
- 7.2. Class I Medical Devices
- 7.3. Class II Medical Devices
- 7.4. Class III Medical Devices
- 8. Medical Device Contract Manufacturing Market, by Device Type
- 8.1. Introduction
- 8.2. Cardiovascular Devices
- 8.3. Dental Devices
- 8.4. Diabetes Care Devices
- 8.5. Diagnostic Imaging Devices
- 8.6. Drug Delivery Devices
- 8.7. Endoscopy Devices
- 8.8. IVD Devices
- 8.9. Ophthalmology Devices
- 8.10. Orthopedic Devices
- 9. Medical Device Contract Manufacturing Market, by Application
- 9.1. Introduction
- 9.2. Diagnostic Devices
- 9.3. Patient Monitoring Devices
- 9.4. Surgical Devices
- 9.5. Therapeutic Device
- 10. Medical Device Contract Manufacturing Market, by End User
- 10.1. Introduction
- 10.2. Ambulatory Surgical Centers
- 10.3. Hospitals & Clinics
- 10.4. Medical Research Institutes
- 10.5. Pharmaceutical Companies
- 11. Americas Medical Device Contract Manufacturing Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Medical Device Contract Manufacturing Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Medical Device Contract Manufacturing Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. A Joint Venture Between Visura and YKK Corporation to Support Medical Device Manufacturing
- 14.3.2. VitaTek Secures Series A Funding to Elevate its Comprehensive Medical Device Manufacturing Capabilities
- 14.3.3. NN, Inc. Launches NN Medical to Bolster its Global Medical Device Manufacturing Capabilities
- 14.4. Strategy Analysis & Recommendation
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
- FIGURE 1. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET RESEARCH PROCESS
- FIGURE 2. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET DYNAMICS
- FIGURE 7. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY SERVICES, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY SERVICES, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY CLASS OF DEVICE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY CLASS OF DEVICE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY DEVICE TYPE, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY DEVICE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY END USER, 2023 VS 2030 (%)
- FIGURE 16. GLOBAL MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. AMERICAS MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. AMERICAS MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. UNITED STATES MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 20. UNITED STATES MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ASIA-PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. ASIA-PACIFIC MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. EUROPE, MIDDLE EAST & AFRICA MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. EUROPE, MIDDLE EAST & AFRICA MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 26. MEDICAL DEVICE CONTRACT MANUFACTURING MARKET, FPNV POSITIONING MATRIX, 2023
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