Product Code: PHA1191
The medical device contract manufacturing market was valued at US$69.22 billion in 2021 and is projected to grow at a CAGR of 12.9% during the forecast period 2022-2032.
“The Medical Device Contract Manufacturing Market Report 2022-2032”: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Ageing Population Coupled with Rising Healthcare Expenditure to Open New Avenues
In recent years, the medical device industry has expanded, led largely by longer life expectancy and increased healthcare spending. In developing markets, this is particularly evident. In addition, a move to value-based healthcare solutions has been generated by the regulatory climate, which has resulted in intensified competitiveness, evolving business models and the introduction of new strategies for achieving sustained growth in this competitive industry. In addition, the growing geriatric population and the resulting rise in the incidence and prevalence of chronic diseases are also pushing the acceptance of medical devices.
In the medical device contract manufacturing industry, developing economies such as China, India, and Brazil present substantial growth prospects for players. Their tremendous customer population, increasing knowledge of healthcare, and developments in healthcare facilities have created a desirable climate for healthcare markets to expand overall. When compared to their developed counterparts, these countries still have relatively lenient laws.
Medical Device Contract Manufacturing Challenges
Due to relentless cost increases combined with growing demands to minimise time to market, manufacturers of medical devices are gradually engaged in completely or partly outsourcing their product production and assembly. This provides space for medical device firms to spend more on their core competencies and still focus on cost cutting and business pace opportunities. However, when it comes to medical device outsourcing, there is much more to assess and calculate, particularly in terms of adhering to the requisite quality requirements. This article encapsulates the key advantages and the several considerations to consider when participating in outsourcing medical equipment, from the typical risks to determining the vertical integration capability of an outsourcing partner.
What Questions Should You Ask before Buying a Market Research Report?
- How is the medical device contract manufacturing market evolving?
- What is driving and restraining the medical device contract manufacturing market?
- How will each medical device contract manufacturing submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032?
- How will the market shares for each medical device contract manufacturing submarket develop from 2022 to 2032?
- What will be the main driver for the overall market from 2022 to 2032?
- Will leading medical device contract manufacturing markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2032 and which geographical region will lead the market in 2032?
- Who are the leading players and what are their prospects over the forecast period?
- What are the medical device contract manufacturing projects for these leading companies?
- How will the industry evolve during the period between 2022 and 2032? What are the implications of medical device contract manufacturing projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the medical device contract manufacturing market?
- Where is the medical device contract manufacturing market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path?
You need to discover how this will impact the medical device contract manufacturing market today, and over the next 10 years:
- Our 293-page report provides 122 tables and 150 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the medical device contract manufacturing market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2032 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising medical device contract manufacturing prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, ""V" ", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report
Sector Outlook
- Electronic Manufacturing Services (EMS)
- Material Processing
- Finished Products
Class of Device
- Class I
- Class II
- Class III
Service Type
- Device Development and Manufacturing Services
- Quality Management Services
Device Type
- Diagnostic Devices
- Drug Delivery Devices
- Therapeutic Devices
- Other Devices
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 15 leading national markets:
North America
Europe
- Germany
- United Kingdom
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
The report also includes profiles and for some of the leading companies in the Medical Device Contract Manufacturing Market, 2022 to 2032, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth
- Benchmark Electronics
- Celestica Inc.
- Consort Medical PLC
- Cregenna Medical
- Flextronics International
- Forefront Medical Technology
- Gerresheimer
- Integer Holdings Corporation
- Jabil Inc.
- Johari Digital Healthcare
- Nipro Corporation
- Nordson Corporation
- Nortech Systems Incorporated
- Phillips-Medisize
- Plexus Corp.
- Sanmina Corporation
- SMC Ltd.
- Tecomet
- Teleflex Incorporated
- West Pharmaceutical Services
Overall world revenue for Medical Device Contract Manufacturing Market, 2022 to 2032 in terms of value the market will surpass US$77 billion in 2022, our work calculates. We predict strong revenue growth through to 2032. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Medical Device Contract Manufacturing Market, 2022 to 2032 report help you?
In summary, our 290+ page report provides you with the following knowledge:
- Revenue forecasts to 2032 for Medical Device Contract Manufacturing Market, 2022 to 2032 Market, with forecasts for sector, class of device, service type, and device type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2032 for five regional and 15 key national markets - See forecasts for the Medical Device Contract Manufacturing Market, 2022 to 2032 market in North America, Europe, Asia-Pacific and Latin America, and Middle East & Africa. Also forecasted is the market in the U.S., Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 20 of the major companies involved in the Medical Device Contract Manufacturing Market, 2022 to 2032.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the Medical Device Contract Manufacturing Market, 2022 to 2032, market-leading companies. You will find data, trends and predictions.
Table of Contents
1. Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Medical Device Contract Manufacturing Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered By This Analytical Report Include:
- 1.6 Who is This Report For?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Reports
- 1.10 About
2 Executive Summary
3 Market Overview
- 3.1 Market Dynamics
- 3.1.1 Market Driving Factors
- 3.1.2 Market Restraining Factors
- 3.1.3 Market Opportunities
- 3.2 COVID-19 Impact Analysis
- 3.3 Porter's Five Forces Model
- 3.3.1 Bargaining Power of Buyers (High)
- 3.3.2 Bargaining Power of Suppliers (Medium)
- 3.3.3 Threats of New Entrants (Low)
- 3.3.4 Threats of Substitutes (High)
- 3.3.5 Competitive Rivalry (High)
- 3.4 Company Market Share
4 Medical Device Contract Manufacturing Market Analysis by Sector
- 4.1 Key Findings
- 4.2 Sector Segment Growth Prospects
- 4.3 Medical Device Contract Manufacturing Market Share by Sector, 2022 & 2032
- 4.4 Electronic Manufacturing Services
- 4.4.1 Electronic Manufacturing Services Market Forecast by Region, 2022-2032 (US$ billion)
- 4.5 Material Processing
- 4.5.1 Material Processing Market Forecast by Region, 2022-2032 (US$ billion)
- 4.6 Finished Products
- 4.6.1 Finished Products Market Forecast by Region, 2022-2032 (US$ billion)
5 Medical Device Contract Manufacturing Market Analysis by Service Type
- 5.1 Key Findings
- 5.2 Service Type Segment Growth Prospects
- 5.3 Medical Device Contract Manufacturing Market Share by Service Type, 2022 & 2032
- 5.4 Device Development and Manufacturing Services
- 5.4.1 Device Development and Manufacturing Services Market Forecast by Region, 2022-2032 (US$ billion)
- 5.5 Quality Management Services
- 5.5.1 Quality Management Services Market Forecast by Region, 2022-2032 (US$ billion)
6 Medical Device Contract Manufacturing Market Analysis by Class of Device
- 6.1 Key Findings
- 6.2 Class of Device Segment Growth Prospects
- 6.3 Medical Device Contract Manufacturing Market Share by Class of Device, 2022 & 2032
- 6.4 Class I
- 6.4.1 Class I Market Forecast by Region, 2022-2032 (US$ billion)
- 6.5 Class II
- 6.5.1 Advantages
- 6.5.2 Class II Market Forecast by Region, 2022-2032 (US$ billion)
- 6.6 Class III
- 6.6.1 Class III Market Forecast by Region, 2022-2032 (US$ billion)
7 Medical Device Contract Manufacturing Market Analysis by Device Type
- 7.1 Key Findings
- 7.2 Device Type Segment Growth Prospects
- 7.3 Medical Device Contract Manufacturing Market Share by Device Type, 2022 & 2032
- 7.4 Diagnostic Devices
- 7.4.1 Diagnostic Devices Market Forecast by Region, 2022-2032 (US$ billion)
- 7.5 Drug Delivery Devices
- 7.5.1 Drug Delivery Devices Market Forecast by Region, 2022-2032 (US$ billion)
- 7.6 Therapeutic Devices
- 7.6.1 Therapeutic Devices Market Forecast by Region, 2022-2032 (US$ billion)
- 7.7 Other Devices
- 7.7.1 Other Devices Market Forecast by Region, 2022-2032 (US$ billion)
8 Medical Device Contract Manufacturing Market Analysis by Region
- 8.1 Key Findings
- 8.2 Regional Market Size Estimation and Forecast
- 8.3 COVID-19 Impact Analysis: Recovery Scenarios (V, U, W, L)
9 North America Medical Device Contract Manufacturing Market Analysis
- 9.1 Key Findings
- 9.2 North America Medical Device Contract Manufacturing Market Attractiveness Index
- 9.3 North America Medical Device Contract Manufacturing Market by Country, 2022, 2027 & 2032 (US$ billion)
- 9.4 North America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Country
- 9.5 North America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Sector
- 9.6 North America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Device Type
- 9.7 North America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Class
- 9.8 North America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Service
- 9.9 U.S. Medical Device Contract Manufacturing Market
- 9.9.1 U.S. Medical Device Manufacturing
- 9.9.2 Industry challenges in the United States
- 9.9.3 Nissha Acquired U.S.-based Medical Devices Contract Manufacturer
- 9.10 Canada Medical Device Contract Manufacturing Market
- 9.10.1 Rising Need for Medical Devices in Canada
- 9.10.2 Healthcare Policy Issues
- 9.10.3 Contract Manufacturer ANJAC to Acquire Canada's Apollo
10 Europe Medical Device Contract Manufacturing Market Analysis
- 10.1 Key Findings
- 10.2 Europe Medical Device Contract Manufacturing Market Attractiveness Index
- 10.3 Europe Medical Device Contract Manufacturing Market by Country, 2022, 2027 & 2032 (US$ billion)
- 10.4 Europe Medical Device Contract Manufacturing Market Size Estimation and Forecast by Country
- 10.5 Europe Medical Device Contract Manufacturing Market Size Estimation and Forecast by Sector
- 10.6 Europe Medical Device Contract Manufacturing Market Size Estimation and Forecast by Device Type
- 10.7 Europe Medical Device Contract Manufacturing Market Size Estimation and Forecast by Class
- 10.8 Europe Medical Device Contract Manufacturing Market Size Estimation and Forecast by Service
- 10.9 Germany Medical Device Contract Manufacturing Market
- 10.9.1 Germany Medical Device Industry
- 10.9.2 Gilde Healthcare Acquired German MedTech Firm Europin
- 10.10 UK Medical Device Contract Manufacturing Market
- 10.11 France Medical Device Contract Manufacturing Market
- 10.12 Rest of Europe Medical Device Contract Manufacturing Market
11 Asia Pacific Medical Device Contract Manufacturing Market Analysis
- 11.1 Key Findings
- 11.2 Asia Pacific Medical Device Contract Manufacturing Market Attractiveness Index
- 11.3 Asia Pacific Medical Device Contract Manufacturing Market by Country, 2022, 2027 & 2032 (US$ billion)
- 11.4 Asia Pacific Medical Device Contract Manufacturing Market Size Estimation and Forecast by Country
- 11.5 Asia Pacific Medical Device Contract Manufacturing Market Size Estimation and Forecast by Sector
- 11.6 Asia Pacific Medical Device Contract Manufacturing Market Size Estimation and Forecast by Device Type
- 11.7 Asia Pacific Medical Device Contract Manufacturing Market Size Estimation and Forecast by Class
- 11.8 Asia Pacific Medical Device Contract Manufacturing Market Size Estimation and Forecast by Service
- 11.9 China Medical Device Contract Manufacturing Market
- 11.9.1 China Medical Device Industry
- 11.9.2 China Medical Device Contract Manufacturing
- 11.9.3 China Medical Device Contract Manufacturing Industry Opportunities and Challenges
- 11.9.4 China's Advantages For Medical Device Producers
- 11.10 Japan Medical Device Contract Manufacturing Market
- 11.10.1 Japan Medical Device Industry
- 11.10.2 Japan Medical Device Contract Manufacturing Industry
- 11.10.3 Asahi Kasei Medical Completed Acquisition of Bionova Scientific
- 11.11 India Medical Device Contract Manufacturing Market
- 11.11.1 India Medical Device Industry
- 11.11.2 India Medical Device Contract Manufacturing Industry
- 11.12 Australia Medical Device Contract Manufacturing Market
- 11.12.1 Australia Medical Device Industry
- 11.12.2 Australia Medical Device Contract Manufacturing Industry
- 11.12.3 EBOS Group Entered Medical Devices Sector
- 11.12.4 EBOS Group to Buy Medical Device Distributor Lifehealthcare
- 11.13 South Korea Medical Device Contract Manufacturing Market
- 11.13.1 South Korea Medical Device Industry
- 11.13.2 South Korea Medical Device Industry Regulatory Environment
- 11.13.3 South Korea Medical Device Industry Opportunities
- 11.13.4 South Korea Medical Device Contract Manufacturing Industry
- 11.14 Rest of Asia Pacific Medical Device Contract Manufacturing Market
12 Latin America Medical Device Contract Manufacturing Market Analysis
- 12.1 Key Findings
- 12.2 Latin America Medical Device Contract Manufacturing Market Attractiveness Index
- 12.3 Latin America Medical Device Contract Manufacturing Market by Country, 2022, 2027 & 2032 (US$ billion)
- 12.4 Latin America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Country
- 12.5 Latin America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Sector
- 12.6 Latin America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Device Type
- 12.7 Latin America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Class
- 12.8 Latin America Medical Device Contract Manufacturing Market Size Estimation and Forecast by Service
- 12.9 Brazil Medical Device Contract Manufacturing Market
- 12.9.1 Brazil Medical Device Industry
- 12.9.2 Brazil's ANVISA Approves Formal Regulations for Custom-Made Medical Devices
- 12.10 Argentina Medical Device Contract Manufacturing Market
- 12.10.1 Argentina Healthcare Industry
- 12.11 Mexico Medical Device Contract Manufacturing Market
- 12.12 Rest of Latin America Medical Device Contract Manufacturing Market
13 Middle East & Africa Medical Device Contract Manufacturing Market Analysis
- 13.1 Key Findings
- 13.2 Middle East & Africa Medical Device Contract Manufacturing Market Attractiveness Index
- 13.3 Middle East & Africa Medical Device Contract Manufacturing Market by Country, 2022, 2027 & 2032 (US$ billion)
- 13.4 Middle East & Africa Medical Device Contract Manufacturing Market Size Estimation and Forecast by Country
- 13.5 Middle East & Africa Medical Device Contract Manufacturing Market Size Estimation and Forecast by Sector
- 13.6 Middle East & Africa Medical Device Contract Manufacturing Market Size Estimation and Forecast by Device Type
- 13.7 Middle East & Africa Medical Device Contract Manufacturing Market Size Estimation and Forecast by Class
- 13.8 Middle East & Africa Medical Device Contract Manufacturing Market Size Estimation and Forecast by Service
- 13.9 GCC Medical Device Contract Manufacturing Market
- 13.9.1 GCC Healthcare Industry
- 13.10 South Africa Medical Device Contract Manufacturing Market
- 13.10.1 South Africa Medical Device Market
- 13.11 Rest of Middle East & Africa Medical Device Contract Manufacturing Market
14 Company Profiles
- 14.1 Flextronics International
- 14.1.1 Company Snapshot
- 14.1.2 Company Overview
- 14.1.3 Financial Analysis
- 14.1.4 Product Benchmarking
- 14.1.5 Strategic Outlook
- 14.2 Jabil Inc.
- 14.2.1 Company Snapshot
- 14.2.2 Company Overview
- 14.2.3 Financial Analysis
- 14.2.4 Product Benchmarking
- 14.2.5 Strategic Outlook
- 14.3 Celestica Inc.
- 14.3.1 Company Snapshot
- 14.3.2 Company Overview
- 14.3.3 Financial Analysis
- 14.3.4 Product Benchmarking
- 14.3.5 Strategic Outlook
- 14.4 Benchmark Electronics Inc.
- 14.4.1 Company Snapshot
- 14.4.2 Company Overview
- 14.4.3 Financial Analysis
- 14.4.4 Product Benchmarking
- 14.4.5 Strategic Outlook
- 14.5 Sanmina Corporation
- 14.5.1 Company Snapshot
- 14.5.2 Company Overview
- 14.5.3 Financial Analysis
- 14.5.4 Product Benchmarking
- 14.5.5 Strategic Outlook
- 14.6 Integer Holdings
- 14.6.1 Company Snapshot
- 14.6.2 Company Overview
- 14.6.3 Financial Analysis
- 14.6.4 Product Benchmarking
- 14.6.5 Strategic Outlook
- 14.7 Plexus Corp.
- 14.7.1 Company Snapshot
- 14.7.2 Company Overview
- 14.7.3 Financial Analysis
- 14.7.4 Product Benchmarking
- 14.7.5 Strategic Outlook
- 14.8 West Pharmaceutical Services, Inc.
- 14.8.1 Company Snapshot
- 14.8.2 Company Overview
- 14.8.3 Financial Analysis
- 14.8.4 Product Benchmarking
- 14.8.5 Strategic Outlook
- 14.9 Nortech Systems
- 14.9.1 Company Snapshot
- 14.9.2 Company Overview
- 14.9.3 Financial Analysis
- 14.9.4 Product Benchmarking
- 14.9.5 Strategic Outlook
- 14.10 Cregenna Medical (TE Connectivity)
- 14.10.1 Company Snapshot
- 14.10.2 Company Overview
- 14.10.3 Product Benchmarking
- 14.10.4 Strategic Outlook
- 14.11 Forefront Medical Technology
- 14.11.1 Company Snapshot
- 14.11.2 Company Overview
- 14.11.3 Product Benchmarking
- 14.11.4 Strategic Outlook
- 14.12 Nordson Corporation (Vention Medical)
- 14.12.1 Company Snapshot
- 14.12.2 Company Overview
- 14.12.3 Product Benchmarking
- 14.12.4 Strategic Outlook
- 14.13 Tecomet Inc (Symmetry Medical)
- 14.13.1 Company Snapshot
- 14.13.2 Company Overview
- 14.13.3 Product Benchmarking
- 14.13.4 Strategic Outlook
- 14.14 Johari Digital
- 14.14.1 Company Snapshot
- 14.14.2 Company Overview
- 14.14.3 Product Benchmarking
- 14.15 Gerresheimer
- 14.15.1 Company Snapshot
- 14.15.2 Company Overview
- 14.15.3 Financial Analysis
- 14.15.4 Product Benchmarking
- 14.15.5 Strategic Outlook
- 14.16 Consort Medical PLC
- 14.16.1 Company Snapshot
- 14.16.2 Company Overview
- 14.16.3 Product Benchmarking
- 14.16.4 Strategic Outlook
- 14.17 Nipro Corporation
- 14.17.1 Company Snapshot
- 14.17.2 Company Overview
- 14.17.3 Financial Analysis
- 14.17.4 Product Benchmarking
- 14.17.5 Strategic Outlook
- 14.18 Teleflex Inc.
- 14.18.1 Company Snapshot
- 14.18.2 Company Overview
- 14.18.3 Financial Analysis
- 14.18.4 Product Benchmarking
- 14.18.5 Strategic Outlook
- 14.19 Phillips-Medisize Corporation
- 14.19.1 Company Snapshot
- 14.19.2 Company Overview
- 14.19.3 Product Benchmarking
- 14.19.4 Strategic Outlook
- 14.20 SMC Ltd.
- 14.20.1 Company Snapshot
- 14.20.2 Company Overview
- 14.20.3 Product Benchmarking
- 14.20.4 Strategic Outlook
15 Conclusion and Recommendations
- 15.1 Concluding Remarks from
- 15.2 Recommendations for Market Players