We’ve updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.

How Has the Medical Equipment Outsourcing Market Growth Performance Trended Historically, And What Lies Ahead?

In the past few years, there has been significant growth in the size of the medical equipment outsourcing market. It is projected to increase from $75.14 billion in 2024 to $81.35 billion in 2025, maintaining a compound annual growth rate (CAGR) of 8.3%. The growth experienced in the historical phase is attributed to various factors including the globalization of manufacturing, escalated demand for sophisticated devices, stringent regulatory requirements, expansion of healthcare infrastructure, and frequent updates in products.

The market for outsourced medical equipment is forecasted to witness substantial growth in the coming years. By 2029, it is predicted to attain a value of $110.67 billion, with an 8.0% compound annual growth rate (CAGR). Several factors contribute to this speculated growth during the forecast period; these include an increase in the elderly population, the escalating frequency of chronic illnesses, a surge in minimally invasive procedures, intensified regulatory scrutiny, and the expansion of digital health. Significant trends expected during this period encompass AI-enabled design optimizations, downscaling of devices, the incorporation of advanced materials, IoT-experimental medical devices, and intelligently packaged technologies.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=24298&type=smp

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Medical Equipment Outsourcing Market?

The medical equipment outsourcing market is projected to grow, spurred by the increased demand for medical devices. These devices, which could be instruments, machines, software, or implants, are used for the diagnosis, prevention, monitoring, or treatment of various health conditions, without resorting to chemical means for primary action. The surging demand found in this sector can be attributed primarily to the aging global population which, in turn, leads to higher cases of chronic diseases and a greater requirement for diagnostic, monitoring, and therapeutic equipment. Outsourcing medical equipment facilitates rapid and cost-effective production while providing access to specialized expertise, enabling manufacturers to effectively scale their operations to satisfy market demands. For instance, the National Medical Products Administration (NMPA) report in January 2025, a regulatory body in China supervising drugs, medical devices, and cosmetics, recorded that 126,139 medical device products have been officially registered and 163,489 filing certificates were issued across the country. Thus, the burgeoning demand for medical devices will fuel the expansion of the medical equipment outsourcing market.

Which Segments in the Medical Equipment Outsourcing Offer the Most Growth?

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

1) By Service Type: Regulatory Affairs Services, Product Design And Development Services, Product Testing And Certification Services, Product Implementation Services, Product Upgrade Services

2) By Mode Of Outsourcing: Offshore Outsourcing, Nearshore Outsourcing, Onshore Outsourcing

3) By Application: Diagnostic Imaging, Cardiology, Orthopedic, Dental, Endoscopy

4) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research And Development Centers

Subsegment:

1) By Regulatory Affairs Services: Regulatory Strategy development, Regulatory Submissions (e.g., FDA, EMA, PMDA), Labeling Compliance, Post- market Surveillance Support, Clinical Evaluation Reports (CER)

2) By Product Design and Development Services: Concept And Feasibility Analysis, Industrial And Human Factors Design, Electrical And Mechanical Engineering, Software Development (Embedded Systems, Apps), Prototyping And Pilot Production

3) By Product Testing And Certification Services: Electrical Safety Testing, Biocompatibility Testing, Performance Testing, EMC Or EMI Compliance Testing, Certification Support

4) By Product Implementation Services: Manufacturing Process Validation, Assembly And Integration, Packaging Design And Validation, Sterilization Process Management, Supply Chain Setup

5) By Product Upgrade Services: Product Lifecycle Management, Software And Firmware Updates, Hardware Redesign For Newer Standards, Compliance With Updated Regulations, Cost-reduction Engineering

Request customized data on this market:

https://www.thebusinessresearchcompany.com/sample.aspx?id=24298&type=smp

What Are the Fastest-Growing Geographies in the Medical Equipment Outsourcing Market?

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

What Are the Current Market Growth and Trends in the Medical Equipment Outsourcing Industry?

Top-tier organizations in the medical equipment outsourcing market are embracing a strategic partnership model to boost technology integration and broaden their market influence. Medical outsourcing services gain adaptability through these strategic alliances that bring together unique expertise, state-of-the-art technologies, and worldwide infrastructure to expedite development schedules, lessen expenses, and improve the compliance and quality of healthcare solutions. For example, in June 2023, NAMSA, a Contract Research Organization (CRO) for medical devices headquartered in the US, initiated a strategic outsourcing alliance with Terumo Aortic. The objective of this partnership is to hasten the development and market introduction of novel aortic disease products by Terumo Aortic. NAMSA pledges prompt access to clinical professionals and cardiovascular-specific teams to expedite study initiation and capacity, thereby leading to a faster market debut for new devices. Moreover, in January 2025, US Med-Equip, a US-based firm providing medical equipment rentals, entered into a collaboration with Zopec Medical to provide backup battery power solutions to hospitals. Thanks to this partnership, healthcare providers can access dependable power sources for crucial medical equipment, improving patient care during power failures or in regions with erratic electricity accessibility.

View the full report here:

https://www.thebusinessresearchcompany.com/report/medical-equipment-outsourcing-global-market-report

What Are the Key Elements That Define the Medical Equipment Outsourcing Market?

Medical equipment outsourcing refers to the practice of contracting third-party manufacturers or service providers to design, develop, produce, or maintain medical devices and equipment. The purpose is to reduce costs, accelerate time-to-market, and leverage specialized expertise while allowing healthcare companies to focus on core competencies.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/customise?id=24298&type=smp

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model