Medical Device Contract Manufacturing Market to Expand Steadily Through 2032 - Market Insights, Competitive Landscape, and Forecast | DelveInsight

The medical device contract manufacturing market is set to witness sustained growth through 2032, fueled by increasing demand for high-quality, cost-efficient manufacturing solutions across the global medtech sector. As medical devices become more sophisticated-spanning minimally invasive technologies, implantable devices, diagnostic equipment, and connected health solutions-OEMs are increasingly partnering with contract manufacturers to accelerate product development, ensure regulatory compliance, and enhance scalability.

Rising outsourcing trends among both large medical device companies and emerging startups are driving market expansion. Key growth factors include cost optimization, access to specialized expertise, shortened time-to-market, and growing complexity of medical devices requiring precision engineering and advanced materials. Additionally, evolving regulatory requirements, increasing demand for customized and small-batch production, and expansion of value-added services such as design, prototyping, assembly, and packaging are reshaping the medical device contract manufacturing market.

DelveInsight's Medical Device Contract Manufacturing Market Insights report delivers a comprehensive analysis of the market dynamics, profiling key trends, growth drivers and barriers, regulatory developments, and evolving business models. The report also highlights leading and emerging contract manufacturing organizations (CMOs), competitive strategies, partnership trends, and innovations shaping the future of this sector.

With continued advancements in medtech innovation, growing pressure to control costs, and increasing demand for agile, scalable manufacturing capabilities, the medical device contract manufacturing market is expected to remain on a strong upward trajectory through 2032.

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Key Takeaways from the Medical Device Contract Manufacturing Market Report
• The global medical device contract manufacturing market was valued at USD 79.3 billion in 2024 and is projected to grow at a CAGR of 12.01%, reaching USD 195.7 billion by 2032.
• As per DelveInsight estimates, North America is anticipated to dominate the global medical device contract manufacturing market during the forecast period.
• Notable medical device contract manufacturing companies such as Flex, Ltd., Integer Holdings Corporation, Gerresheimer AG, Sanmina Corporation, Nipro Corporation, Celestica International Lp., Plexus Corp., Benchmark Electronics Inc., West Pharmaceutical Services, Inc., Jabil Inc, Tecomet Inc., Nortech Systems Inc., TE Connectivity, Forefront Medical Technologies, Nordson Corporation, and several others are currently operating in the medical device contract manufacturing market.
• In June 2025, DuPont announced that it had signed an agreement to acquire Donatelle Plastics Incorporated, a leading medical device contract manufacturer specializing in the design, development, and manufacture of medical components and devices. The transaction was expected to close in the third quarter of 2024, subject to the satisfaction of customary closing conditions and receipt of regulatory approvals.
• In February 2025, Arter3x, a leading global medical device developer and contract manufacturer, announced the successful acquisition of Phoenix S.r.l., a European-based medical device developer and manufacturer with a strong international presence. The financial details of the transaction have not been disclosed.

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Medical Device Contract Manufacturing Overview
The medical device contract manufacturing market is a critical component of the global healthcare ecosystem, enabling original equipment manufacturers (OEMs) to outsource various stages of device development and production. Contract manufacturing services cover a wide spectrum, including design and development, component manufacturing, final assembly, packaging, and sterilization of medical devices.

Medical Device Contract Manufacturing Market Insights
North America is projected to lead the medical device contract manufacturing market in 2024, driven by the rising prevalence of chronic diseases, the presence of established medical device companies, advanced healthcare infrastructure, and a strong regulatory framework. The region's high healthcare spending, aging population, and growing demand for innovative medical technologies continue to fuel market growth. In addition, access to skilled labor, advanced manufacturing capabilities, and robust R&D investments further position North America as a key hub for medical device outsourcing.

The increasing cancer burden is a significant contributor. According to the National Cancer Institute (2024), two million new cancer cases are expected in the US by the end of 2024. Prostate, lung (NSCLC and SCLC), and colorectal cancers will account for nearly 48% of diagnoses in men, while breast, lung, and colorectal cancers will represent around 51% of new cases in women. The Global Cancer Observatory (2024) reported that the US accounted for 89.1% of North America's cancer cases in 2022, with Canada contributing 10.9%. This growing cancer incidence is driving demand for advanced diagnostic and therapeutic devices, boosting reliance on contract manufacturing services to scale production efficiently.

Strategic partnerships are also shaping market dynamics. For example, in December 2023, Visura Technologies partnered with YKK Corporation of America to form Evevo Manufacturing LLC, aimed at supporting emerging medical device innovators in Minneapolis.

These factors collectively will drive robust growth of the medical device contract manufacturing market in North America over the forecast period.

To know more about why North America is leading the market growth in the medical device contract manufacturing market, get a snapshot of the medical device contract manufacturing market outlook here https://www.delveinsight.com/report-store/medical-device-contract-manufacturing-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=jpr

Medical Device Contract Manufacturing Market Dynamics
According to GLOBOCAN, an estimated 20 million new cancer cases were reported globally in 2022, with this number projected to rise to 32.6 million by 2045. Additionally, WHO data (2024) revealed that approximately 304 million people worldwide were living with chronic viral infections, particularly hepatitis B and C. The rising global burden of cancer and chronic viral infections is driving demand for advanced diagnostic and therapeutic medical devices. To meet this growing need, medical device companies are increasingly partnering with contract manufacturers to scale production, accelerate innovation, and ensure regulatory compliance. Contract manufacturers offer specialized expertise, cost efficiencies, and rapid production capabilities, making them vital partners in addressing these global healthcare challenges.

Moreover, surging R&D investments and increased outsourcing by leading medical device firms are further fueling the medical device contract manufacturing market. For example, in March 2025, Johnson & Johnson announced an investment of over $55 billion in the U.S. over the next four years, aimed at expanding manufacturing capacity, R&D, and technology infrastructure.

Strategic M&A activity is also reshaping the market landscape. In July 2024, DuPont completed its acquisition of Donatelle Plastics, a leading contract manufacturer known for producing specialized medical components and devices, underscoring the growing importance of contract manufacturing in the medical device sector.

However, the market faces notable challenges. Stringent regulatory hurdles, supply chain complexities, and the need for high capital investment to meet evolving quality and compliance standards may restrain the medical device contract manufacturing market growth during the forecast period.

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Coverage: Global
Study Period: 2022 to 2032
Medical Device Contract Manufacturing Market CAGR: ~12.01%
Key Medical Device Contract Manufacturing Companies: Flex, Ltd., Integer Holdings Corporation, Gerresheimer AG, Sanmina Corporation, Nipro Corporation, Celestica International Lp., Plexus Corp., Benchmark Electronics Inc., West Pharmaceutical Services, Inc., Jabil Inc, Tecomet Inc., Nortech Systems Inc., TE Connectivity, Forefront Medical Technologies, Nordson Corporation, and others.

Medical Device Contract Manufacturing Market Segmentation
Market Segmentation By Device Type: IVD Devices, Drug Delivery Devices, Diagnostic Imaging Devices, Patient Monitoring Devices, Cardiovascular Devices, Orthopedic Devices, and others.
Market Segmentation By Services: Device Development and Manufacturing Services, Quality Management Services, and Final Goods Assembly Services.
Market Segmentation By Application: Laparoscopy, Pulmonary, Urology & Gynecology, Cardiovascular devices, Orthopedic devices, and others.
Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World.

Which MedTech key players in the medical device contract manufacturing market are set to emerge as the trendsetter, explore @ https://www.delveinsight.com/report-store/medical-device-contract-manufacturing-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=jpr

Table of Contents
1. Medical Device Contract Manufacturing Market Report Introduction
2. Medical Device Contract Manufacturing Market Executive Summary
3. Competitive Landscape
4. Regulatory Analysis
5. Medical Device Contract Manufacturing Market Key Factors Analysis
6. Medical Device Contract Manufacturing Market Porter's Five Forces Analysis
7. Medical Device Contract Manufacturing Market Layout
8. Medical Device Contract Manufacturing Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

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About DelveInsight
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This release was published on openPR.