Medical Device Contract Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Device Type (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Orthopedic Devices, Surgical Devices, Dental Devices, Diabetes Care Devices, Drug Delivery Devices, Ophthalmology Devices, Ophthalmology Devices, Endoscopy and Laparoscopy Devices, Respiratory Care Devices, Neurology Devices, Patient Monitoring Devices, Patient Assistive and Monitoring Devices, 0thers), By Class of Devices (Class II, Class I, Class III), By Services (Device Development & Services, Packaging and Assembly Devices, Quality Management Services), By Region and Competition

  • Industry : Healthcare
  • Pages : 185
  • Published Date : December, 2023
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 72.54 billion

CAGR (2023-2028)

11.46%

Fastest Growing Segment

Diagnostic Imaging Devices

Largest Market

North America


Market Overview

Global Medical Device Contract Manufacturing Market has reached reach USD 72.54 billion by 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 11.46% through 2028. In the medical device industry, contract manufacturing has emerged as a prominent trend, whereby production processes are outsourced to third-party companies. This approach has gained popularity due to its inherent cost-effectiveness and efficiency. The surge in demand for contract manufacturing can be attributed to several factors.

Firstly, the growing need for advanced medical devices is a significant driver. As technology continues to advance in the healthcare sector, there is a corresponding increase in the demand for more sophisticated medical devices. This demand, coupled with the complexity involved in the manufacturing process, has led medical device companies to seek the expertise and capabilities of contract manufacturers.

Secondly, outsourcing manufacturing processes allows medical device companies to focus on their core competencies. By offloading the manufacturing aspect to specialized contract manufacturers, these companies can dedicate their resources and efforts to areas such as research, development, and marketing. This strategic approach enables them to achieve better outcomes and maintain a competitive edge in the market.

Moreover, the prevalence of chronic diseases worldwide has also contributed to the rise in demand for complex medical devices. As the incidence of chronic conditions continues to grow, there is an increased need for innovative and technologically advanced medical devices. Contract manufacturers, with their extensive expertise and resources, are well-equipped to meet this demand and deliver high-quality products that address the unique requirements of patients.

Looking ahead, the global medical device contract manufacturing market is poised for robust growth in the coming years. The continued demand for advanced medical devices, combined with the benefits of outsourcing manufacturing processes, will drive this growth. These benefits include cost savings, improved efficiency, and access to specialized expertise. As the market evolves, contract manufacturing will play a pivotal role in meeting the ever-increasing demand for innovative medical devices worldwide.

Key Market Drivers

Increasing Complexity of Medical Devices

The sophistication and complexity of medical devices have steadily increased due to the incorporation of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and robotics. These cutting-edge technologies have revolutionized the healthcare industry by significantly improving diagnostic accuracy, enhancing patient care, and facilitating remote health monitoring. By leveraging AI algorithms and machine learning, medical devices can analyze vast amounts of patient data to provide more precise diagnoses and personalized treatment plans.

Furthermore, the integration of IoT capabilities allows medical devices to seamlessly connect and communicate with each other, enabling real-time monitoring and data sharing. This interconnectedness enhances the coordination of care and enables healthcare professionals to make informed decisions based on comprehensive and up-to-date information.

However, the increased complexity of these advanced devices has also presented new challenges for manufacturers. The production of these intricate medical devices requires specialized knowledge, advanced machinery, and stringent quality control processes. Additionally, manufacturers must navigate a complex landscape of regulatory standards and ensure compliance with evolving medical device regulations to ensure patient safety and product efficacy.

Given these complexities, many companies find it impractical or cost-prohibitive to manufacture these devices in-house. This is where contract manufacturing plays a crucial role. By outsourcing the production process to contract manufacturers, medical device companies can leverage their specialized expertise, advanced equipment, and established quality control systems. Contract manufacturers often possess the resources and capabilities necessary to produce these complex devices efficiently and cost-effectively, making them an attractive option for many companies in the healthcare industry.

In conclusion, the incorporation of advanced technologies in medical devices has revolutionized healthcare by improving diagnosis accuracy, patient care, and remote health monitoring. However, this progress has brought about increased complexity, leading to challenges in manufacturing. Contract manufacturing provides a viable solution by offering specialized expertise and resources to efficiently produce these sophisticated devices, enabling medical device companies to focus on innovation and delivering high-quality products to improve patient outcomes.

Technological Advancements in Manufacturing Processes

In the realm of medical devices, these cutting-edge technologies play a crucial role in revolutionizing healthcare. For instance, Artificial Intelligence (AI) can significantly enhance precision, efficiency, and speed in the production of medical devices. By leveraging AI algorithms, manufacturers can optimize their processes, reduce errors, and deliver high-quality products.

Another technology, the Internet of Things (IoT), enables real-time monitoring of medical equipment. This allows healthcare providers to proactively identify potential issues, perform preventive maintenance, and minimize downtime. The seamless connectivity provided by IoT ensures that medical devices are always operational, providing reliable and uninterrupted support to patients.

Robotic technology offers unparalleled precision and consistency in the manufacturing of medical devices. With robotic arms and automated processes, manufacturers can achieve intricate designs and tight tolerances, ensuring the highest level of quality in every product.

Furthermore, 3D printing has emerged as a game-changer in the medical device industry. This innovative technology enables the creation of customized medical devices that perfectly fit individual patients' needs. By leveraging 3D printing, medical device manufacturers can deliver personalized solutions, improving patient outcomes and overall satisfaction.

These technological advancements have not only improved the quality and effectiveness of medical devices but also increased their complexity. To navigate this complexity, medical device companies require specialized expertise and infrastructure. This includes adhering to stringent regulatory requirements and ensuring compliance with industry standards.

Contract manufacturers, with their dedicated focus on staying abreast of technological advancements and maintaining state-of-the-art manufacturing facilities, are uniquely positioned to meet this demand. They offer end-to-end solutions, from initial design and prototyping to full-scale manufacturing and comprehensive after-sales support. This allows medical device companies to concentrate on their core competencies, such as research, development, and commercialization, while leveraging the expertise and capabilities of contract manufacturers.

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Key Market Challenges

Surge in Regulatory Compliance

Regulatory compliance in the medical device industry is crucial. Medical devices, whether they are simple tools or complex machinery, directly impact patient health and safety. Therefore, they must meet stringent quality standards and undergo rigorous testing before they can be marketed.

Across the globe, various regulatory bodies, such as the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), and others, enforce strict regulations to ensure the safety, efficacy, and quality of medical devices.

The regulations governing medical devices have become increasingly stringent over the years. For instance, the introduction of the EU’s Medical Device Regulation (MDR) in 2020 significantly expanded the scope of regulation, covering a wider range of products and enforcing more stringent post-market surveillance requirements.

Meeting these regulatory requirements can be complex and costly. It involves in-depth knowledge of the regulations, significant investment in quality control and testing procedures, and frequent audits to ensure ongoing compliance.

For contract manufacturers, the surge in regulatory compliance poses a considerable challenge. They must not only stay updated with the ever-evolving regulatory landscape but also ensure that their manufacturing processes and outputs comply with these regulations. Failure to do so can result in severe penalties, including fines, product recalls, and damage to reputation.

Despite the hurdles, many contract manufacturers see this challenge as an opportunity to demonstrate their commitment to quality and safety. By investing in robust quality management systems and expertise in regulatory compliance, they can differentiate themselves in the market and build trust with their clients.

Moreover, the increasing complexity of medical devices and advancements in technology have further added to the regulatory landscape. The incorporation of software, connectivity, and artificial intelligence into medical devices has introduced new challenges in ensuring data security, privacy, and interoperability. Regulatory bodies are continuously adapting to these changes and updating their guidelines to address these emerging concerns.

Additionally, the global nature of the medical device industry brings about the need to navigate different regulatory frameworks in different regions. Companies must understand and comply with the specific requirements of each market they operate in, which can vary in terms of documentation, labeling, and testing standards.

In conclusion, regulatory compliance is a critical aspect of the medical device industry. The constantly evolving regulatory landscape, stringent requirements, and global nature of the market pose challenges for manufacturers. However, by embracing these challenges and investing in compliance measures, companies can demonstrate their commitment to quality, safety, and patient care while gaining a competitive edge in the industry.

Key Market Trends

Rise in Miniaturization and Wearable Devices

Miniaturization, the process of making medical devices smaller and more compact, has gained significant momentum in recent years. This trend is fueled by the growing need for portable and comfortable medical solutions, especially in the context of home healthcare. By reducing the size of medical devices, patients can enjoy enhanced mobility and convenience, while also benefiting from non-invasive treatment options.

To achieve successful miniaturization, contract manufacturers have emerged as key players in this field. Leveraging their technical expertise and state-of-the-art equipment, they possess the capabilities required to manufacture intricate, small-scale medical devices. As a result, the demand for contract manufacturing services in this area is witnessing a remarkable surge.

In parallel with the miniaturization trend, there has been an exponential rise in the popularity of wearable medical devices. These innovative devices can be conveniently worn on the body or seamlessly integrated into clothing, enabling continuous health monitoring and data collection. Wearable medical devices have revolutionized the way we approach healthcare, providing valuable insights into patients' well-being and facilitating personalized treatment plans.

Once again, contract manufacturers are at the forefront of meeting the increasing demand for wearable medical devices. They offer comprehensive end-to-end solutions, encompassing the design, development, production, and post-sales support of these cutting-edge devices. It is this convergence of miniaturization and wearable technology that is driving substantial growth in the medical device contract manufacturing market.

As the healthcare industry continues to evolve, the miniaturization of medical devices and the rise of wearable technology are reshaping the landscape of patient care. With contract manufacturers playing a pivotal role in these advancements, we can expect to witness further innovation and expansion in the field of medical device manufacturing.

Segmental Insights

Device Type Insights

Based on the category of device type, the IVD devices segment emerged as the dominant player in the global market for medical device contract manufacturing in 2022. The demand for IVD (In Vitro Diagnostics) devices has been steadily rising in recent years. This can be attributed to several factors, including the increasing prevalence of chronic diseases, advancements in diagnostic techniques, and the growing need for early disease detection. Furthermore, the recent COVID-19 pandemic has significantly amplified the urgency for rapid and accurate diagnostic tools, further driving the demand for IVD devices.

IVD devices themselves are inherently complex, often necessitating specialized expertise and high-tech manufacturing facilities. They encompass a wide range of products, ranging from simple test kits to sophisticated DNA sequencing machines, all of which require precision manufacturing.

In this context, contract manufacturers have emerged as key players in the IVD industry. With their focus on technological advancements and stringent quality control processes, they are well-positioned to meet the increasing demand for IVD devices. These contract manufacturers offer end-to-end solutions, starting from the design and development phase all the way to manufacturing and after-sales support. By partnering with contract manufacturers, IVD companies can effectively streamline their operations and allocate resources to their core competencies.

Class of Devices Insights

The class II segment is projected to experience rapid growth during the forecast period. Class II medical devices encompass a wide range of products that are more complex than Class I devices but less risky than Class III devices. They include devices such as infusion pumps, surgical drapes, blood pressure monitors, and diagnostic ultrasound products. The broad reach of Class II devices across various medical fields contributes significantly to their dominance in the contract manufacturing market.

The demand for Class II devices is increasing due to the rising prevalence of chronic diseases and the growing need for advanced diagnostic and therapeutic devices. With the advancements in medical technology, Class II devices are becoming more sophisticated and offer enhanced features to improve patient care. For example, advanced infusion pumps now come with programmable settings to deliver precise medication dosages, while diagnostic ultrasound products have higher image resolution for improved diagnostic accuracy.

In addition, the ongoing COVID-19 pandemic has also boosted the demand for certain Class II devices such as ventilators and personal protective equipment. The need for ventilators has surged to support patients with respiratory issues, while personal protective equipment like masks and gloves have become essential for healthcare professionals to ensure their safety and prevent the spread of the virus.

Contract manufacturing offers numerous advantages that are particularly relevant to Class II devices. These advantages include cost savings, access to specialized expertise and advanced technologies, and assistance with regulatory compliance. Contract manufacturers can help device companies navigate the complex regulatory landscape for Class II devices, which requires a higher level of regulatory control compared to Class I devices to ensure their safety and effectiveness. Moreover, contract manufacturers can provide design and engineering support to optimize the performance and usability of Class II devices, meeting the specific needs of healthcare providers and patients.

 

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Regional Insights

North America emerged as the dominant player in the Global Medical Device Contract Manufacturing Market in 2022, holding the largest market share in terms of value. North America, particularly the United States, boasts a robust and well-established healthcare system that not only prioritizes patient care but also places significant emphasis on research and development. The region's unwavering commitment to advancing medical technologies is evident through its world-renowned medical device companies and esteemed research institutions. This convergence of expertise and resources creates an ideal ecosystem for innovation and growth within the medical device sector.

Furthermore, North America remains at the forefront of pioneering technological advancements in the medical field. This constant drive for progress fuels the demand for increasingly sophisticated medical devices, capable of revolutionizing patient care and improving outcomes. In this context, contract manufacturers emerge as vital partners, providing invaluable expertise and resources to effectively develop and manufacture these cutting-edge medical devices.

Recent Development

  • In July 2020, Channel Medsystems, a medical technology company, made an exciting announcement. They revealed that their next-generation Cerenecryotherapy product, designed to treat menstrual bleeding, had received FDA clearance. This advanced product offers a convenient and secure in-office treatment option, which has become even more essential in the midst of the COVID-19 pandemic. Recognizing the importance of providing effective solutions for patients and gynecologists, Channel Medsystems aims to improve the quality of care in this area.
  • In January 2019, Venclose Inc. and Viant joined forces in an exciting collaboration. Their goal was to develop Venclose's next-generation Venclose Radiofrequency (RF) ablation catheter. This innovative catheter offers a promising solution for various medical applications, utilizing advanced radiofrequency technology. By combining their expertise and resources, Venclose Inc. and Viant are working towards advancing medical treatments and improving patient outcomes.

Key Market Players

  • Flex, Ltd.
  • Integer Holdings Corporation
  • Jabil Inc.
  • Synecco Ltd.
  • Invetech Pty Ltd.
  • Gerresheimer AG
  • Sanmina Corporation
  • Nipro Corporation
  • Celestica Industrial LP.
  • Plexus Corp.
  • Benchmark Electronic Inc.
  • TE Connectivity Ltd.
  • Nortech Systems Inc.
  • Eurofins Scientific
  • Kimbal Electronics Group, Inc.

By Device Type

By Class of Devices

By Services

By Region
  • IVD Devices
  • Diagnostic Imaging Devices
  • Cardiovascular Devices
  • Orthopedic Devices
  • Surgical Devices
  • Dental Devices
  • Diabetes Care Devices
  • Drug Delivery Devices
  • Ophthalmology Devices
  • Ophthalmology Devices
  • Endoscopy and Laparoscopy Devices
  • Respiratory Care Devices
  • Neurology Devices
  • Patient Monitoring Devices
  • Patient Assistive and Monitoring Devices
  • 0thers
  • Class II
  • Class I
  • Class III
  • Device Development & Services
  • Packaging and Assembly Devices
  • Quality Management Services
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Medical Device Contract Manufacturing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Medical Device Contract Manufacturing Market, By Device Type:

o   IVD Devices

o   Diagnostic Imaging Devices

o   Cardiovascular Devices

o   Orthopedic Devices

o   Surgical Devices

o   Dental Devices

o   Diabetes Care Devices

o   Drug Delivery Devices

o   Ophthalmology Devices

o   Ophthalmology Devices

o   Endoscopy and Laparoscopy Devices

o   Respiratory Care Devices

o   Neurology Devices

o   Patient Monitoring Devices

o   Patient Assistive and Monitoring Devices

o   0thers

  • Global Medical Device Contract Manufacturing Market, By Class of Devices:

o   Class II

o   Class I

o   Class III

  • Global Medical Device Contract Manufacturing Market, By Services:

o   Device Development & Services

o   Packaging and Assembly Devices

o   Quality Management Services

  • Global Medical Device Contract Manufacturing Market, By Region:

o   North America

o   Europe

o   Asia Pacific

o   South America

o   Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Medical Device Contract Manufacturing Market.

Available Customizations:

Global Medical Device Contract Manufacturing Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Medical Device Contract Manufacturing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Medical Device Contract Manufacturing Market

5.    Voice of Customers

5.1.  Factors Affecting Purchase Decision

5.2.  Brand Awareness

5.3.  Sources of Information

5.4.  Product Preferences

5.5.  Trends and Innovation

6.    Global Medical Device Contract Manufacturing Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Device Type (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Orthopedic Devices, Surgical Devices, Dental Devices, Diabetes Care Devices, Drug Delivery Devices, Ophthalmology Devices, Ophthalmology Devices, Endoscopy and Laparoscopy Devices, Respiratory Care Devices, Neurology Devices, Patient Monitoring Devices, Patient Assistive and Monitoring Devices, 0thers)

6.2.2.     By Class of Devices (Class II, Class I, Class III)

6.2.3.     By Services (Device Development & Services, Packaging and Assembly Devices, Quality Management Services)

6.2.4.     By Region

6.2.5.     By Company (2022)

6.3.  Market Map (By Device Type, By Class of Devices, By Services, By Region)

7.    Asia Pacific Medical Device Contract Manufacturing Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Device Type

7.2.2.     By Class of Devices

7.2.3.     By Services

7.2.4.     By Country

7.3.  Asia Pacific: Country Analysis

7.3.1.     China Medical Device Contract Manufacturing Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Device Type

7.3.1.2.2.             By Class of Devices

7.3.1.2.3.             By Services

7.3.2.     India Medical Device Contract Manufacturing Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Device Type

7.3.2.2.2.             By Class of Devices

7.3.2.2.3.             By Services

7.3.3.     Australia Medical Device Contract Manufacturing Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Device Type

7.3.3.2.2.             By Class of Devices

7.3.3.2.3.             By Services

7.3.4.     Japan Medical Device Contract Manufacturing Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Device Type

7.3.4.2.2.             By Class of Devices

7.3.4.2.3.             By Services

7.3.5.     South Korea Medical Device Contract Manufacturing Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Device Type

7.3.5.2.2.             By Class of Devices

7.3.5.2.3.             By Services

8.    Europe Medical Device Contract Manufacturing Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Device Type

8.2.2.     By Class of Devices

8.2.3.     By Services

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Medical Device Contract Manufacturing Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Device Type

8.3.1.2.2.             By Class of Devices

8.3.1.2.3.             By Services

8.3.2.     Germany Medical Device Contract Manufacturing Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Device Type

8.3.2.2.2.             By Class of Devices

8.3.2.2.3.             By Services

8.3.3.     Spain Medical Device Contract Manufacturing Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Device Type

8.3.3.2.2.             By Class of Devices

8.3.3.2.3.             By Services

8.3.4.     Italy Medical Device Contract Manufacturing Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Device Type

8.3.4.2.2.             By Class of Devices

8.3.4.2.3.             By Services

8.3.5.     United Kingdom Medical Device Contract Manufacturing Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Device Type

8.3.5.2.2.             By Class of Devices

8.3.5.2.3.             By Services

9.    North America Medical Device Contract Manufacturing Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Device Type

9.2.2.     By Class of Devices

9.2.3.     By Services

9.2.4.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Medical Device Contract Manufacturing Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Device Type

9.3.1.2.2.             By Class of Devices

9.3.1.2.3.             By Services

9.3.2.     Mexico Medical Device Contract Manufacturing Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Device Type

9.3.2.2.2.             By Class of Devices

9.3.2.2.3.             By Services

9.3.3.     Canada Medical Device Contract Manufacturing Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Device Type

9.3.3.2.2.             By Class of Devices

9.3.3.2.3.             By Services

10.  South America Medical Device Contract Manufacturing Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Device Type

10.2.2.  By Class of Devices

10.2.3.  By Services

10.2.4.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Medical Device Contract Manufacturing Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Device Type

10.3.1.2.2.           By Class of Devices

10.3.1.2.3.           By Services

10.3.2.  Argentina Medical Device Contract Manufacturing Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Device Type

10.3.2.2.2.           By Class of Devices

10.3.2.2.3.           By Services

10.3.3.  Colombia Medical Device Contract Manufacturing Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Device Type

10.3.3.2.2.           By Class of Devices

10.3.3.2.3.           By Services

11.  Middle East and Africa Medical Device Contract Manufacturing Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Device Type

11.2.2.  By Class of Devices

11.2.3.  By Services

11.2.4.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Medical Device Contract Manufacturing Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Device Type

11.3.1.2.2.           By Class of Devices

11.3.1.2.3.           By Services

11.3.2.  Saudi Arabia Medical Device Contract Manufacturing Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Device Type

11.3.2.2.2.           By Class of Devices

11.3.2.2.3.           By Services

11.3.3.  UAE Medical Device Contract Manufacturing Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Device Type

11.3.3.2.2.           By Class of Devices

11.3.3.2.3.           By Services

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

13.1.              Recent Developments

13.2.              Product Launches

13.3.              Mergers & Acquisitions

14.  Global Medical Device Contract Manufacturing Market: SWOT Analysis

15.  Porter’s Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Product

16.  Competitive Landscape

             16.1.                Flex, Ltd.

16.1.1.  Business Overview

16.1.2.  Company Snapshot

16.1.3.  Products & Services

16.1.4.  Financials (As Reported)

16.1.5.  Recent Developments

16.2.              Integer Holdings Corporation

16.3.              Jabil Inc.

16.4.              Synecco Ltd.

16.5.              Invetech Pty Ltd.

16.6.              Gerresheimer AG

16.7.              Sanmina Corporation

16.8.              Nipro Corporation

16.9.              Celestica Industrial LP.

16.10.            Plexus Corp.

16.11.            Benchmark Electronic Inc.

16.12.            TE Connectivity Ltd.

16.13.            Nortech Systems Inc.

16.14.            Eurofins Scientific

16.15.            Kimbal Electronics Group, Inc.

17.  Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

Figure 1: Global Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 2: Global Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 3: Global Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 4: Global Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 5: Global Medical Device Contract Manufacturing Market Share, By Region, By Value, 2018-2028F

Figure 6: Global Medical Device Contract Manufacturing Market Share, By Company, By Value, 2022

Figure 7: Global Medical Device Contract Manufacturing Market Map, By Device Type, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 8: Global Medical Device Contract Manufacturing Market Map, By Class of Devices, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 9: Global Medical Device Contract Manufacturing Market Map, By Services, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 10: Global Medical Device Contract Manufacturing Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2022

Figure 11: Asia Pacific Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 12: Asia Pacific Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 13: Asia Pacific Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 14: Asia Pacific Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 15: Asia Pacific Medical Device Contract Manufacturing Market Share, By Country, By Value, 2018-2028F

Figure 16: China Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 17: China Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 18: China Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 19: China Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 20: India Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 21: Asia Pacific Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 22: India Medical Device Contract Manufacturing Market Share, By Class of Device, By Value, 2018-2028F

Figure 23: India Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 24: Japan Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 25: Japan Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 26: Japan Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 27: Japan Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 28: South Korea Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 29: South Korea Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 30: South Korea Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 31: South Korea Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 32: Australia Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 33: Australia Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 34: Australia Medical Device Contract Manufacturing Market Share, By Class of Services, By Value, 2018-2028F

Figure 35: Australia Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 36: North America Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 37: North America Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 38: North America Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 39: North America Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 40: North America Medical Device Contract Manufacturing Market Share, By Country, By Value, 2018-2028F

Figure 41: United States Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 42: United States Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 43: United States Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 44: United States Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 45: Canada Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 46: Canada Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 47: Canada Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 48: Canada Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 49: Mexico Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 50: Mexico Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 51: Mexico Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 52: Mexico Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 53: Europe Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 54: Europe Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 55: Europe Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 56: Europe Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 57: Europe Medical Device Contract Manufacturing Market Share, By Country, By Value, 2018-2028F

Figure 58: Germany Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 59: Germany Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 60: Germany Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 61: Germany Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 62: France Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 63: France Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 64: France Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 65: France Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 66: United Kingdom Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 67: United Kingdom Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 68: United Kingdom Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 69: United Kingdom Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 70: Spain Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 71: Spain Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 72: Spain Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 73: Spain Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 74: Italy Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 75: Italy Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 76: Italy Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 77: Italy Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 78: South America Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 79: South America Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 80: South America Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 81: South America Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 82: South America Medical Device Contract Manufacturing Market Share, By Country, By Value, 2018-2028F

Figure 83: Brazil Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 84: Brazil Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 85: Brazil Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 86: Brazil Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 87: Argentina Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 88: Argentina Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 89: Argentina Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 90: Argentina Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 91: Colombia Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 92: Colombia Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 93: Colombia Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 94: Colombia Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 95: Middle East & Africa Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 96: Middle East & Africa Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 97: Middle East & Africa Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 98: Middle East & Africa Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 99: Middle East & Africa Medical Device Contract Manufacturing Market Share, By Country, By Value, 2018-2028F

Figure 100: South Africa Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 101 South Africa Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 102: South Africa Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 103: South Africa Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 104: Saudi Arabia Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 105: Saudi Arabia Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 106: Saudi Arabia Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 107: Saudi Arabia Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 108: UAE Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 109: UAE Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 110: UAE Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 111: UAE Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 112: Egypt Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 113: Egypt Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 114: Egypt Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 115: Egypt Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Figure 116: Turkey Medical Device Contract Manufacturing Market Size, By Value (USD Billion), 2018-2028F

Figure 117: Turkey Medical Device Contract Manufacturing Market Share, By Device Type, By Value, 2018-2028F

Figure 118: Turkey Medical Device Contract Manufacturing Market Share, By Class of Devices, By Value, 2018-2028F

Figure 119: Turkey Medical Device Contract Manufacturing Market Share, By Services, By Value, 2018-2028F

Frequently asked questions

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The market size of the Global Medical Device Contract Manufacturing Market is estimated to be USD 72.54 billion in 2022.

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The IVD Devices segment demonstrated significant dominance in 2022. This is due to their increasing demand, complexity, and strict regulatory environment.

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Asia Pacific dominated the market with a revenue share in 2022. The medical device market in Asia-Pacific is rapidly growing due to an aging population, rising disposable income, and increasing healthcare expenditure.

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Increasing complexity of medical devices and technological advancements in manufacturing processes are the major drivers for the Global Medical Device Contract Manufacturing Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Medical Device Contract Manufacturing Market to Grow with a CAGR of 11.46% Globally through 2028

Dec, 2023

Surge in research and development activities is expected to drive the Global Medical Device Contract Manufacturing Market growth in the forecast period, 2024-2028.

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