The Medical Device Engineering Services 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 Engineering Services Market?
The Medical Device Engineering Services market has seen a rapid expansion recently. The market value escalated from $4.98 billion in 2024 to an estimated $5.58 billion in 2025. The growth exhibits a compound annual growth rate (CAGR) of 12.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Medical Device Engineering Services Industry?
The Medical Device Engineering Services market is predicted to reach a value of $8.65 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.6%.
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What are the Key Growth Drivers Fueling the Medical Device Engineering Services Market?
The drivers in the medical device engineering services market are:
• Demographic shifts towards an older population
• Rising incidences of chronic diseases
• Expansion of medical device companies
• Early adoption and growth of home healthcare
Global Market Segmentation: Identifying Major Medical Device Engineering Services Industry Segments
The medical device engineering services market covered in this report is segmented –
1) By Services: Designing & Engineering, Machining, Molding, Packaging
2) By Device Type: Imaging Devices, Therapeutic Devices, In-Vitro Diagnostic Devices, Diagnostic And Patient Monitoring Devices, Surgical Devices, Other Devices
3) By End-use: Medical Device Companies, Biotechnology Companies
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What are the emerging Trends Shaping the Future of the Medical Device Engineering Services Market?
The trends in the medical device engineering services market are:
• The expansion of telemedicine and remote patient monitoring is driving the future of the medical device engineering services market.
• The adoption of wearable healthcare devices is a significant emerging trend.
• The use of 3D printing technology is growing in the medical device engineering field.
• There is an increase in the development of precision and personalized medicine.
Who Are the Top Competitors & Leading Players in the Medical Device Engineering Services Market?
The major players in the medical device engineering services market are:
• Johnson & Johnson
• Accenture Plc
• Abbott Laboratories
• 3M Healthcare
• Medtronic Plc
• Tata Consultancy Services
• Siemens Hea
Regional Dominance: Which Area Leads the Global Medical Device Engineering Services Market Outlook 2025: Detailed Trends, Size & Share Analysis Market?
North America was the largest region in the medical device engineering services market in 2023
