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United States Medical Device Contract Manufacturing Market 2025 | Growth Drivers, Key Players & Investment Opportunities
Market Size and GrowthThe global medical device contract manufacturing market size reached US$ 76.43 Billion in 2024 from US$ 69.54 Billion in 2023 and is expected to reach US$ 190.88 Billion by 2033, growing at a CAGR of 10.9% during the forecast period 2025-2033.
Key Development:
United States: Recent Industry Developments
✅ In August 2025, Flex Ltd. expanded its medical device outsourcing services for U.S. clients, focusing on design, prototyping, and full-scale manufacturing.
✅ In July 2025, Jabil Healthcare launched turnkey manufacturing solutions for medical devices, including assembly, testing, and regulatory support.
✅ In June 2025, Integer Holdings Corporation partnered with hospitals and medtech startups to provide custom device manufacturing and contract services, enhancing production efficiency.
✅ In May 2025, Phillips-Medisize Europe introduced advanced outsourcing solutions, offering end-to-end development for diagnostic and therapeutic devices.
✅ In April 2025, Sierra Circuits Europe partnered with medtech companies to implement full-service contract manufacturing solutions, reducing time-to-market.
Japan: Recent Industry Developments
✅ In July 2025, Fujifilm Healthcare Japan launched medical device outsourcing services, targeting diagnostics and surgical devices.
✅ In June 2025, Terumo Corporation announced the construction of a new manufacturing facility at its Kofu Factory, with a 52.2 billion JPY investment, to strengthen production capabilities for medical care solutions.
✅ In May 2025, Jabil completed the acquisition of Pii, a contract development and manufacturing organization (CDMO) specializing in aseptic filling, lyophilization, and oral solid dose manufacturing.
✅ In April 2025, Phillips Medisize launched TheraVolt Medical Connectors, the first medical connectors designed for high-voltage applications in therapeutic devices.
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Medical device contract manufacturing involves outsourcing the design, production, and assembly of medical devices to specialized manufacturers. It enables companies to leverage expertise, ensure regulatory compliance, reduce costs, and accelerate time-to-market while maintaining product quality and safety.
Recent Mergers and acquisitions:
United States: Recent M&A Activity
✅ In July 2025, Capstone Partners reported a 25.9% year-over-year increase in M&A volume within the medical device outsourcing market. This surge is primarily driven by private equity firms seeking to consolidate operations and mitigate tariff risks by near-shoring and onshoring manufacturing capabilities.
✅ In March 2025, the U.S. Federal Trade Commission (FTC) filed a lawsuit to block the acquisition of Surmodics, a medical device coatings manufacturer, by private equity firm GTCR. The FTC argued that the merger would reduce competition in the hydrophilic coatings market, potentially increasing healthcare costs.
✅ In January 2025, WuXi AppTec divested its U.S. medical device testing operations, located in Minnesota and Georgia, to NAMSA, a medical device contract research organization. This move was part of WuXi's strategy to streamline operations and comply with the Biosecure Act.
Key Players:
=> Jabil Inc, Thermo Fisher Scientific Inc. (PPD), Integer Holdings Corporation, Sanmina Corporation, Celestica Inc., Phillips Medisize, Plexus Corp., Inc., Gerresheimer
Growth Forecast Projected:
The Global Medical device contract manufacturing Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2033. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Medical device contract manufacturing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
➥ By Device Class: Class I Devices, Class II Devices, Class III Devices
➥ By Service Type: Device & Component Manufacturing Services, Quality Management Services, Packaging & Assembly Services, Others
➥ By Therapeutic Area: Cardiovascular Devices, Orthopedic Devices, Ophthalmic Devices, Respiratory Devices, Others
Regional Analysis for Medical device contract manufacturing Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Medical device contract manufacturing producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Medical device contract manufacturing revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ
What is the current size of the Medical device contract manufacturing Market?
A: In 2024, the Medical device contract manufacturing Market was valued at US$ 76.43 Billion, reflecting its strong industry presence.
Q2: How large is the Medical device contract manufacturing Market expected to be by 2033?
A: By 2033, industry forecasts suggest the Medical device contract manufacturing Market will grow to around US$ 190.88 Billion , demonstrating significant expansion.
Q3: What is the growth rate of the Medical device contract manufacturing Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2025 to 2033.
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