Top Factor Driving Medical Device Engineering Services Market Growth in 2025: Impact Of Diabetes Prevalence On Medical Device Engineering Services Market

What combination of drivers is leading to accelerated growth in the medical device engineering services market?
The growing number of diabetes patients is expected to drive the expansion of the medical device engineering services market. Diabetes is a condition marked by high blood glucose levels caused by issues with insulin production or action. The increase in diabetes cases is linked to sedentary lifestyles, aging populations, genetics, and dietary changes. Medical device engineering services support diabetes management by innovating glucose monitors, insulin delivery systems, wearables, and user-friendly designs. In February 2023, the Cleveland Clinic reported that 537 million adults globally had diabetes, with projections rising to 643 million by 2030 and 783 million by 2045. Therefore, the growing patient population with diabetes is fueling the medical device engineering services market.

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What is the projected compound annual growth rate (CAGR) of the medical device engineering services market from 2025 to 2034, and what factors influence it?
The medical device engineering services market will grow from $4.98 billion in 2024 to $5.58 billion in 2025 at a CAGR of 12.0%, supported by an aging population, rising chronic diseases, and expanding home healthcare solutions.

The medical device engineering services market is set for rapid growth, reaching $8.65 billion by 2029 at a CAGR of 11.6%. Growth is fueled by the expansion of telemedicine, increased adoption of wearable health devices, 3D printing advancements, and growth in precision medicine. Key trends include AR/VR in device design, wireless power transfer technologies, advanced imaging, artificial organ development, and smart implants with sensors.

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How are the latest trends influencing the growth of the medical device engineering services market?
Firms in the medical device engineering services market are advancing their offerings with integrated services to enhance medical device functionality, connectivity, and patient monitoring. These integrated services support every phase of a device's lifecycle. In January 2023, US-based ClariMed, Inc. launched an integrated medical device services partner to streamline product development in the MedTech sector. This initiative brings together various service partners across design, engineering, and development to improve the efficiency of medical device production.

What are the major segments of the medical device engineering services market and their role in driving growth?
The medical device engineering services market covered in this report is segmented -

1) By Services: Designing & Engineering, Machining, Molding, Packaging
2) By Device Type: Imaging Devices, Therapeutic Devices, In-Vitro Diagnostic Devices, Diagnostic And Patient Monitoring Devices, Surgical Devices, Other Devices
3) By End-use: Medical Device Companies, Biotechnology Companies

Subsegments:
1) By Designing & Engineering: Product Design, Prototyping, Testing And Validation, Regulatory Support
2) By Machining: CNC Machining, Laser Cutting, EDM (Electrical Discharge Machining)
3) By Injection Molding: Plastic Injection Molding, Rubber Molding, Metal Injection Molding, Compression Molding
4) By Packaging: Sterile Packaging, Custom Packaging Solutions, Labeling And Documentation, Shipping And Storage Solutions

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Which regions are key players in the growth of the medical device engineering services market?
North America was the largest region in the medical device engineering services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the medical device engineering services market?
Major companies operating in the medical device engineering services market are Johnson & Johnson, accenture* Plc, Abbott Laboratories, 3M Healthcare, Medtronic Plc, Tata Consultancy Services, Siemens Healthineers, Philips Healthcare, Becton Dickinson and Company, Stryker Corporation, GE Healthcare, Infosys Limited, Baxter International, Boston Scientific, HCL Technologies Limited, Wipro Limited, Zimmer Biomet, Tech Mahindra, Terumo Corporation, Intuitive Surgical, Edwards Lifesciences, Smith & Nephew, Hologic Inc., Varian Medical Systems, Nordson Corporation, L&T Technology Services Limited., Althea Group, Roche Diagnostics, Altran Technologies SA, ClariMed Inc.

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What Is Covered In The Medical Device Engineering Services Global Market Report?

•Market Size Forecast: Examine the medical device engineering services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical device engineering services market for a structured understanding.
•Key Players Overview: Analyze major players in the medical device engineering services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical device engineering services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical device engineering services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical device engineering services market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical device engineering services market.
•Competitive Landscape: Review strategic developments in the medical device engineering services market, including expansions, agreements, and new product launches.

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