[194 Pages Report] The Medical Device Contract Manufacturing Market size was estimated at USD 75.25 billion in 2023 and expected to reach USD 83.29 billion in 2024, at a CAGR 10.88% to reach USD 155.09 billion by 2030.
Medical device contract manufacturing involves the procedure in which a medical device company outsources the manufacturing of medical devices or specific device components to another company. Medical device contract manufacturers offer services such as medical device design and development, medical device plastic injection molding, medical device tooling, medical device mold making, quality testing, packaging and sterilization, supply and delivery to the end user, and regulatory consulting. Furthermore, stringent government policies for trade and export of medical devices are hampering the market growth. Technological advancements, including machine learning (ML), artificial intelligence (AI), and automation, rapidly transform medical industries, creating remunerative opportunities in the medical device contract manufacturing market.
Regional Insights
The United States is heavily spending on the healthcare sector and healthcare infrastructure, and deployment of cutting-edge medical technologies, contributing to the growth of the medical device contract manufacturing market across the Americas region. Asian countries receive the maximum number of medical tourists owing to inexpensive treatment costs, and quality healthcare infrastructure, and easy accessibility to numerous procedures & therapies, which are propelling the demand for medical devices in this region, subsequently expanding the market scope. Additionally, China has developed medical device manufacturing rules for medical device production, making it easier for market players to enter the huge Chinese medical industry, further creating an opportunity for the market to grow across this region. Europe and South Africa focusing on the development of medical devices by investing in R&D to expand the production of medical devices, are supporting the growth of the medical device contract manufacturing market.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Medical Device Contract Manufacturing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medical Device Contract Manufacturing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Medical Device Contract Manufacturing Market, highlighting leading vendors and their innovative profiles. These include Advantech Plastics, LLC, American Urethane, Inc., Angiplast Private Limited, Benchmark Electronics Inc., Britech Industries, C&J Industries, Cadence, Inc., Carclo PLC, Celestica Inc. by Onex Corporation, Cirtronics Corp., D&K Engineering, Digicom Electronics, Inc., Enercon Technologies, Federal Electronics, Flex, Ltd., Forefront Medical Technologies, Gerresheimer AG, Hankscraft OEM, HDA Technology, Integer Holdings Corporation, Jabil Inc., KDI Manufacturing, Kimball Electronics Inc., MME Group, Inc. by Seaway Plastics Engineering, Nipro Corporation, Nordson Corp., Petro Extrusion Technologies, Inc., Phillips Medisize by Molex LLC, Plexus Corp., Poly Medicure Ltd., Precipart, Qualitel Corporation, Recipharm AB, Remington Medical, Inc., RSP, Inc., Sanbor Medical, Sanmina Corporation, Scapa Healthcare by SWM International, SeaskyMedical, SGS Tekniks, Sino Mould, SMC Ltd., Spectrum Solution, Steripack Group Ltd., TE Connectivity, Tessy Plastics Corp., Tricor Systems, Inc., Viant Technology LLC by Time Inc., West Pharmaceutical Services, Inc., and Wuxi AppTech.
Market Segmentation & Coverage
This research report categorizes the Medical Device Contract Manufacturing Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Services
- Device Development & Manufacturing Services
- Device Engineering Services
- Device Manufacturing Services
- Process Development Services
- Final Goods Assembly Services
- Quality Management Services
- Inspection & Testing Services
- Packaging Validation Services
- Device Development & Manufacturing Services
- Class of Device
- Class I Medical Devices
- Class II Medical Devices
- Class III Medical Devices
- Device Type
- Cardiovascular Devices
- Dental Devices
- Diabetes Care Devices
- Diagnostic Imaging Devices
- Drug Delivery Devices
- Autoinjectors & Pen Injectors
- Infusion Devices & Administration Sets
- Inhalers
- Syringes
- Endoscopy Devices
- IVD Devices
- IVD Consumables
- IVD Equipment
- Ophthalmology Devices
- Orthopedic Devices
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Medical Device Contract Manufacturing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Device Contract Manufacturing Market?
- What are the technology trends and regulatory frameworks in the Medical Device Contract Manufacturing Market?
- What is the market share of the leading vendors in the Medical Device Contract Manufacturing Market?
- Which modes and strategic moves are suitable for entering the Medical Device Contract Manufacturing Market?
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