Latest News- Medical Device Manufacturing Outsourcing Market: EMS is expected to lead the Product segment during 2025-2029

The Medical Device Manufacturing Outsourcing Market is being driven by Growing focus of OEMs on reducing medical device manufacturing costs

The Medical Device Manufacturing Outsourcing Market is expected to grow at a CAGR of 11.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 58886 million. The medical device manufacturing outsourcing market is characterized by a high degree of fragmentation and intense competition, with a multitude of global, regional, and local players. In response to this competitive landscape, major players are pursuing mergers and acquisitions as a strategic growth initiative. This trend is evident in the robust mergers and acquisitions activity observed in the global medical device manufacturing outsourcing market. Buyers are leveraging this strategy to expand their product offerings, enter new geographies, and strengthen their market position in existing and emerging markets. Consequently, inorganic growth has become a significant driver of expansion for many prominent players in the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • EMS
  • Raw materials
  • Finished goods
• Class Type
  • Class II
  • Class III
  • Class I
• Service Type
  • Manufacturing services
  • Quality assurance and testing
  • Device development and design services
  • Regulatory and certification support
• End-user
  • Medical device companies
  • Pharmaceutical and biotech firms
  • Hospitals and clinics
  • Research institutions
• Geography
  • North America
    • US
    • Canada
  • Asia
  • Europe
    • France
    • Germany
    • UK
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing focus of OEMs on reducing medical device manufacturing costs
• Growing complexities in product design and development
• Emerging countries as preferred outsourcing destination for medical device manufacturing

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory environment
• Intense competition in market
• Delay in contractual obligations and upgrading new technologies

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Market Scope in Medical Device Manufacturing Outsourcing Market Research Report

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Research Analysis Overview

The Medical Device Manufacturing Outsourcing Market encompasses various processes such as precision machining, injection molding, and surface finishing, all executed in cleanroom environments. It integrates material science, ensuring device usability and prioritizing patient safety. Clinical data management, data analytics, and remote monitoring are essential for personalized and precision medicine, including gene therapy, cell therapy, tissue engineering, and regenerative medicine. Wearable devices, smart sensors, digital twins, and simulation modeling employ agile development and lean startup methodologies for continuous improvement. Global sourcing is a key factor, with ethical considerations and data privacy being critical aspects of this industry.

Market Research Overview

The medical device manufacturing market encompasses outsourcing services, such as contract manufacturing, design and development, and product engineering. According to Technavio, this market is a significant segment of the global healthcare equipment industry. The healthcare equipment market consists of manufacturers producing diagnostic equipment and devices used in various therapy areas. Technavio calculates the market size based on the combined revenue generated by these manufacturers. The healthcare equipment sector is divided into devices, which include advanced, differentiated, and clinically tested data-driven devices, as well as implants, accessories, and consumables.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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