Global Medical Device Contract Manufacturing Market to Reach $209.4 Billion by 2030
The global market for Medical Device Contract Manufacturing estimated at US$98.9 Billion in the year 2023, is expected to reach US$209.4 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2023-2030. IVD Devices Contract Manufacturing, one of the segments analyzed in the report, is expected to record a 14% CAGR and reach US$64.1 Billion by the end of the analysis period. Growth in the Diagnostic Imaging Devices Contract Manufacturing segment is estimated at 11.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.6 Billion, While China is Forecast to Grow at 15.1% CAGR
The Medical Device Contract Manufacturing market in the U.S. is estimated at US$25.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$50.6 Billion by the year 2030 trailing a CAGR of 15.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 9.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$32.3 Billion by the year 2030.
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