Global Medical Device Contract Manufacturing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Device;

IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices and Others

By Service;

Device Development & Manufacturing Service, Quality Management Service, and Assembly Service

By Class Device;

Class I: General Controls, Class II: General Controls with Special Controls, and Class III: General Controls with Special Controls

By End-Use;

Original Equipment Manufacturers (OEMs), Pharmaceutical & Biopharmaceutical Companies, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn149359593 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Medical Device Contract Manufacturing Market (USD Million), 2021 - 2031

Medical Device Contract Manufacturing Market was valued at USD 27,603.02 million in the year 2024. The size of this market is expected to increase to USD 56,268.39 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.7%.


Global Medical Device Contract Manufacturing Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 10.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.7 %
Market Size (2024)USD 27,603.02 Million
Market Size (2031)USD 56,268.39 Million
Market ConcentrationLow
Report Pages386
27,603.02
2024
56,268.39
2031

Major Players

  • Jabil Inc.
  • Gerresheimer AG
  • Synecco
  • Invetech
  • Biofortuna Limited

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Medical Device Contract Manufacturing Market

Fragmented - Highly competitive market without dominant players


The Medical Device Contract Manufacturing Market is experiencing strong growth, fueled by the increased reliance of healthcare firms on third-party production. By outsourcing manufacturing operations, companies are able to enhance cost-efficiency and operational focus, especially as nearly 55% of new medical devices now rely on external manufacturing partners for development.

Rising Focus on Quality Assurance Standards
As regulatory requirements tighten, the demand for high-quality and compliant production has intensified. Contract manufacturers are increasingly valued for their ability to meet strict regulatory benchmarks. It is estimated that 60% of agreements prioritize quality control and compliance services, reinforcing the importance of certified and proven manufacturing capabilities.

Advanced Technologies Reshaping Manufacturing Processes
The adoption of cutting-edge production technologies, including robotics and 3D printing, is elevating contract manufacturing capabilities. These tools are enabling higher accuracy and reduced lead times. More than 45% of contract manufacturers have implemented automated systems, helping improve efficiency and meet complex production needs.

Flexibility and Cost Optimization
Outsourcing medical device production is helping companies achieve scalable manufacturing models and reduce fixed infrastructure costs. Contract manufacturers provide flexibility to adjust production volumes, supporting quicker market response. About 50% of firms highlight increased financial agility and manufacturing scalability as major outsourcing advantages.

Long-Term Partnerships Driving Market Momentum
An increasing number of companies are building strategic, long-term relationships with contract manufacturers to ensure consistent output and shared growth. These collaborations are built on aligned goals and production synergies. Data shows that over 65% of such engagements transition into multi-year partnerships, demonstrating the lasting impact of outsourcing in the medical device sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device
    2. Market Snapshot, By Service
    3. Market Snapshot, By Class Device
    4. Market Snapshot, By End-use
    5. Market Snapshot, By Region
  4. Global Medical Device Contract Manufacturing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for outsourcing manufacturing services

        2. Increasing complexity of medical devices

        3. Focus on cost reduction and efficiency

        4. Growing need for regulatory compliance expertise

      2. Restraints
        1. High dependency on third-party manufacturers

        2. Quality control challenges in outsourcing

        3. Regulatory hurdles and compliance risks

        4. Intellectual property protection concerns

      3. Opportunities
        1. Expansion in emerging healthcare markets

        2. Advancements in manufacturing technologies

        3. Rising collaborations and partnerships

        4. Increasing demand for customized solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Medical Device Contract Manufacturing Market, By Device, 2021 - 2031 (USD Million)
      1. IVD Devices
      2. Diagnostic Imaging Devices
      3. Cardiovascular Devices
      4. Ophthalmology Devices
      5. Orthopedic Devices
      6. Dental Devices
      7. Others
    2. Global Medical Device Contract Manufacturing Market, By Service, 2021 - 2031 (USD Million)
      1. Device Development and Manufacturing Service
      2. Quality Management Service
      3. Assembly Service
    3. Global Medical Device Contract Manufacturing Market, By Class Device, 2021 - 2031 (USD Million)

      1. Class I: General controls
      2. Class II: General controls with special controls
      3. Class III: General controls with special controls
    4. Global Medical Device Contract Manufacturing Market, By End-use, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturers (OEMs)
      2. Pharmaceutical & Biopharmaceutical Companies
      3. Others
    5. Global Medical Device Contract Manufacturing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Jabil Inc.
      2. Gerresheimer AG
      3. Synecco
      4. Invetech
      5. Biofortuna Limited
  7. Analyst Views
  8. Future Outlook of the Market