Medical Device Contract Manufacturing Market is estimated to be valued at USD 118.41 Bn in 2025 and is expected to reach USD 233.7 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 118.41 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
10.20%
2032 Value Projection:
USD 233.7 Bn
Medical device contract manufacturing (CM) is the system by which the manufacturing company manufactures medical devices and components of medical devices that can be then sold by another company. The product is developed according to the specifications sent by the original equipment manufacturer (OEM) in compliance with ISO:13485 and FDA guidelines.
Market Dynamics:
Increasing prevalence of chronic diseases, growing geriatric population, high demand for medical devices, growing trend of medical device contract manufacturing, and the outbreak of COVID-19 (global pandemic) are major factors expected to drive growth of the global medical device contract manufacturing market over the forecast period.
For instance, in June 2022, Amnovis, a contract manufacturer, and BAAT Medical, medical device service provider, teamed up to offer an innovative and rapid turnaround process for the 3D printed medical devices. Moreover, in May 2022, Biomerics opened 2,000 square feet balloon and balloon catheter center of excellence in Galway. This is Biomerics' first facility in Europe and the second facility outside the United States after Costa Rica.
Key features of the study:
This report provides in-depth analysis of the global medical device contract manufacturing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical device contract manufacturing market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Flex, TE Connectivity, Sanmina, Jabil, Celestica, Plexus, and Tecomet, among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global medical device contract manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical device contract manufacturing market.
Detailed Segmentation:
Global Medical Device Contract Manufacturing Market, By Device:
Class I
Class II
Class III
Global Medical Device Contract Manufacturing Market, By Product:
Electronics Manufacturing Services
Raw Materials
Finished Goods
Global Medical Device Contract Manufacturing Market, By Service:
Product Manufacturing and Assembly Services
Quality Management Services
Packaging and Sterilization Services
Regulatory Consulting Services
Product Design and Development Services
Global Medical Device Contract Manufacturing Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles:
Flex
TE Connectivity
Sanmina
Jabil
Celestica
Plexus
Tecomet
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Device
Market Snapshot, By Product
Market Snapshot, By Service
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Increasing prevalence of chronic diseases across the globe
Stringent rules & regulations and risk of consolidation
Growing trend of medical device contract manufacturing
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Medical Device Contract Manufacturing Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Medical Device Contract Manufacturing Market, By Device, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Class I
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Class II
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Class III
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Medical Device Contract Manufacturing Market, By Product, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Electronics Manufacturing Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Raw Materials
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Finished Goods
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global Medical Device Contract Manufacturing Market, By Service, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Product Manufacturing and Assembly Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Quality Management Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Packaging and Sterilization Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Regulatory Consulting Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Product Design and Development Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
8. Global Medical Device Contract Manufacturing Market, By Geography, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Device, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Service, 2020-2032,(US$ Bn)