The Medical Device Contract Manufacturing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Medical Device Contract Manufacturing Market?
The market size of the Medical Device Contract Manufacturing Global Market Report 2025 has experienced significant growth lately. The market, which was valued at $101.04 billion in 2024, is projected to increase to $115.53 billion in 2025, with a compound annual growth rate (CAGR) of 14.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Medical Device Contract Manufacturing Industry?
The Medical Device Contract Manufacturing Global Market is anticipated to reach $200.88 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 14.8%.
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What are the Key Growth Drivers Fueling the Medical Device Contract Manufacturing Market?
The key drivers in the medical device contract manufacturing market are:
• Reshoring and nearshoring fuelling market growth
• Advancements in additive manufacturing
• Influence of economic and geopolitical factors
• Growth due to collaborative research and development, and sustainable practices
Global Market Segmentation: Identifying Major Medical Device Contract Manufacturing Industry Segments
The medical device contract manufacturing market covered in this report is segmented –
1) By Device: IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Endoscopy Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices, Other Devices
2) By Service: Device Development and Manufacturing Service, Quality Management Service, Assembly Service
3) By Application: Laparoscopy, Pulmonary, Urology, Gynecology, Other Applications
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What are the Emerging Trends Shaping the Future of the Medical Device Contract Manufacturing Market?
The key trends in the automotive antenna market are:
• Reshoring and nearshoring practices are increasingly shaping the future of this market.
• The adoption of additive manufacturing is an emerging trend in the industry.
• The sector is significantly influenced by collaborative research and development efforts.
• An increasing emphasis on sustainable practices is a growing trend in the market.
Who Are the Top Competitors & Leading Players in the Medical Device Contract Manufacturing Market?
Major companies in the medical device contract manufacturing market are:
• Benchmark Electronics Inc.
• Celestica International LP
• Consort Medical plc
• Flex Ltd.
• Gerresheimer AG
• Integer Holdings Corporation
• Kimball Electronics Inc.
• Nemera Development S.A.
• Nipro Corporation
• Nortech Systems Inc.
• Plexus Corporation
• Sanmina Corporation
• Biofortuna Limited
• Catalent Inc.
• Forefront Medical Technologies Pte Ltd.
• Invetech
• SteriPack Group Ltd.
• Abbott Laboratories
• Becton Dickinson and Company
• Cardinal Health Inc.
• Danaher Corporation
• GE HealthCare Technologies Inc.
• Hologic Inc.
• Intuitive Surgical Inc.
• Johnson & Johnson
• Medtronic plc
• Siemens Healthineers AG
• Stryker Corporation
• 3M Company
• Boston Scientific Corporation
• Edwards Lifesciences Corporation
• Fresenius Medical Care AG & Co. KGaA
• Masimo Corporation
• ResMed Inc.
• Smith & Nephew plc
• Teleflex Incorporated
• Terumo Corporation
• Zimmer Biomet Holdings Inc.
• Alcon Inc.
• Baxter International Inc.
• The Cooper Companies Inc.
• Dentsply Sirona Inc.
• Getinge AB
• Olympus Corporation
• Varian Medical Systems Inc.
Regional Dominance: Which Area Leads the Global Medical Device Contract Manufacturing Market?
North America will be the largest region in the medical device contract manufacturing market in 2024
