Medical Device Outsourcing Market Outlook Research Report, Trends, Growth and Scope By Forecast 2025 - 2032 | SGS SA; Laboratory Corporation of America Holdings

Global Medical Device Outsourcing Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Medical Device Outsourcing Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global medical device outsourcing market size was estimated at USD 128.9 billion in 2024 and is anticipated to grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2032.

Updated Version of Sample Report Included:
https://www.marketdigits.com/request/sample/4069

Market Drivers:

The rising complexity and cost of medical device development and production are the key drivers of the global medical device outsourcing market. The rising prevalence of chronic disease and the number of surgeries is driving demand for advanced, safe, and more effective medical devices; however, the complexity and expensive production of medical devices occurring due to regulatory compliance, clinical trials, quality control, and quality assurance are driving the need for outsourcing. The rising need for specialized expertise to develop and maintain medical devices is fueling the market growth. Additionally, the need for increasing scalability, flexibility, cost-effectiveness, quality, and reliability of medical devices is driving the need for outsourcing, leading to a positive influence on the market.

Market Restraint:

The medical devices outsourcing market significantly faces challenges in managing access to sensitive information such as patient data and product designs. The critical medical device development process is likely to be attacked by unauthorized aspects due to outsourcing. Additionally, the connection of medical device outsourcing can cause challenges such as cyber threats. The implementation of data security measures and risk assessment of outsourcing partners with data security practices can help to overcome such a restraint.

Major Players in Medical Device Outsourcing Markets are:

SGS SA; Laboratory Corporation of America Holdings; Euro fins Scientific; Pace Analytical Services, Inc.; Intertek Group plc; WuXiAppTec; North American Science Associates, LLC; TÜV SÜD; Sterigenics U.S., LLC (GTCR, LLC); Charles River Laboratories; Medical Device Testing Services; RJR Consulting, Inc.; Mandala International.; Freyr; Global Regulatory Partners; PAREXEL International Corporation (EQT Private Equity and Goldman Sachs Asset Management); Emergo (UL LLC); Bioteknica; Accell Clinical Research, LLC; Genpact.; Criterium, Inc.; ; Promedica International; Med pace; ICON plc.; IQVIA Inc.; Integer Holdings Corporation; Tecomet Inc. (Charlesbank Capital Partners, LLC); Jabil Inc.; FLEX LTD.; Celestica Inc.; Sanmina Corporation.; Plexus Corp.; Phillips Medisize (Molex, LLC); Cantel Medical Corp. (STERIS plc); West Pharmaceutical Services, Inc.

Industry News:

In May 2023, Emergo collaborated with the Shanghai Center for Medical Testing and Inspection (CMTC) for ongoing usability testing of medical devices in China. This collaboration was expected to ensure usability testing by following the Human Factors Engineering (HFE) guidelines outlined by China's National Medical Products Administration (NMPA).

In September 2022, North American Science Associates, LLC' (NAMSA) and InspireMD, Inc. announced an outsourcing partnership to accelerate medical device development & commercialization.

"Connect with our team of research specialists and unlock the optimal solution for driving your business growth"

Global Medical Device Outsourcing Market Segmentation:

By Product:
Finished goods
Electronics
Raw Materials

By Device Type:
Class I Devices
Class II Devices
Class III Devices

By Application:
Orthopedics and Spine
Cardiovascular
Radiology
General Medical Devices
Others

By Services:
Prototype Development
Finished Device Manufacturing
Assembly & Packaging
Testing & Regulatory Support Services

Know more about this report:
https://www.marketdigits.com/medical-device-outsourcing-market-1707902796

The following areas and countries are covered in the worldwide Medical Device Outsourcing Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America dominated the market in 2024, owing to the highly developed healthcare sector, increase in awareness among health care professionals about medical devices, and the continuous evolution of technology. However, Asia-Pacific is expected to witness considerable market growth during the forecast period, due to low cost of products and labor for manufacturing. Moreover, India and Japan are expected to grow at high CAGR in the Asia-Pacific medical device outsourcing market.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

Discover More: Visit Our Website for Additional Reports!

https://www.marketdigits.com/needle-free-injection-system-market-1708503695

https://www.marketdigits.com/interventional-oncology-market-1708503695

https://www.marketdigits.com/patient-engagement-solutions-market-1708503695

https://www.marketdigits.com/pfas-testing-market-1708503695

https://www.marketdigits.com/dna-nanotechnology-market-1708503695

About Us

Founded in 2015, MarketDigits Consulting & Advisory Pvt Ltd is a leading business research and consulting firm. Our mission is to empower clients by identifying emerging opportunities and driving revenue growth across industries. We specialize in providing comprehensive market insights, advanced technology solutions, and actionable strategies that support operational and strategic decision-making.

With a focus on the full value chain, our expert team delivers high-quality syndicate research reports, proprietary databases, and consulting services to help clients navigate today's competitive and dynamic business environment. At MarketDigits, we use advanced analysis to uncover profitable opportunities, enabling businesses to make smart decisions and achieve sustainable success.

Contact Us:

+1 510-730-3200 | +1 276-206-2055

sales@marketdigits.com

1248 CarMia Way Richmond

VA 23235, United States

This release was published on openPR.