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How has the medical device outsourcing market grown in recent years?

In recent times, the medical device outsourcing market has seen significant growth. Its size, which was $144.86 billion in 2024, is projected to reach $163.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.6%. This growth in the past period is mainly due to factors such as the rising complexity of medical devices, the adoption of cost-effective manufacturing solutions, a focus on core competencies, expanding global markets, and an increase in the rate of contract research and development (R&D).

How is the medical device outsourcing market size expected to evolve during the forecast period?

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Which key drivers are propelling the medical device outsourcing market’s growth?

The surge in chronic diseases is projected to fuel the expansion of the medical device outsourcing market. Chronic diseases are conditions that persist for over a year and require consistent medical intervention or hinder everyday activities, or both. The escalation in these diseases drives the need for innovative high-quality medical products in shorter launch times, thereby propelling the medical devices outsourcing market’s growth. For example, the UN Chronicle, a United Nations digital magazine, forecasts that the global chronic disease burden will approximate 56% by 2030. As such, the prevalence of these long-term diseases will be a significant factor in boosting the medical device outsourcing market.

What are the market segments in the medical device outsourcing industry?

The medical device outsourcing market covered in this report is segmented –

1) By Product: Finished Goods, Electronics, Raw Materials

2) By Device Type: Class I Devices, Class II Devices, Class III Devices

3) By Services: Quality Assurance, Regulatory Affair Services, Product Design Development, Product Testing And Sterilization, Product Implementation, Product Upgrade, Product Maintenance, Contract Manufacturing

4) By Application: Drug Delivery, Dental, Diabetes Care, Cardiology, Other Applications

Subsegments:

1) By Finished Goods: Surgical Instruments, Diagnostic Devices, Therapeutic Devices

2) By Electronics: Medical Imaging Components, Wearable Health Technology, Embedded Systems

3) By Raw Materials: Plastics and Polymers, Metals and Alloys, Biomaterials

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Which leading companies are shaping the growth of the medical device outsourcing market?

Major companies operating in the medical device outsourcing market include Cardinal Health Inc., Flex Ltd., Te Connectivity Ltd., Sanmina Corporation, Celestica Inc., WuXi AppTec Inc., Phillips-Medisize LLC, Intertek Group plc, Plexus Corp, Nipro Medical Corporation, Teleflex Incorporated, Integer Holdings Corporation, Cantel Medical Corp, Sterigenics International LLC, Nortech Systems Incorporated, Toxikon Inc., North American Science Associates Inc, Omnica Corp, NAMSA, Tecomet Inc., Viant Medical

What key trends are currently impacting the medical device outsourcing market’s development?

Leading organizations in the medical device outsourcing sector consist of Cardinal Health Inc., Flex Ltd., Te Connectivity Ltd., Sanmina Corporation, Celestica Inc., WuXi AppTec Inc., Phillips-Medisize LLC, Intertek Group plc, Plexus Corp, Nipro Medical Corporation, Teleflex Incorporated, Integer Holdings Corporation, Cantel Medical Corp, Sterigenics International LLC, Nortech Systems Incorporated, Toxikon Inc., North American Science Associates Inc, Omnica Corp, NAMSA, Tecomet Inc., Viant Medical.

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Which geographic areas are influencing the growth of the medical device outsourcing market?

North America was the largest region in the medical device outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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