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Emerging Trends to Drive Medical Equipment Outsourcing Market Growth at 7.9% CAGR Through 2029

10-14-2025 04:05 PM CET | Health & Medicine

Press release from: The Business Research Company

Medical Equipment Outsourcing

Medical Equipment Outsourcing

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Medical Equipment Outsourcing Market Size Growth Forecast: What to Expect by 2025?
In recent times, the size of the medical equipment outsourcing market has significantly expanded. Its growth is projected to continue, rising from $75.14 billion in 2024 to $81.11 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 7.9%. Factors contributing to the past growth include manufacturing globalization, escalating demand for sophisticated devices, evolving regulatory requirements, expansion in the healthcare infrastructure, and more frequent product updates.

How Will the Medical Equipment Outsourcing Market Size Evolve and Grow by 2029?
The market for outsourcing medical equipment is anticipated to experience robust expansion in the upcoming years. It is projected to enhance to a value of $109.9 billion by 2029, with a 7.9% Compound Annual Growth Rate (CAGR). This positive trajectory during the projection period can be credited to factors such as an increasing elderly population, a rise in chronic illnesses, a proliferation of minimally invasive procedures, escalated regulatory oversight, and a growth in the digital health sector. Outstanding trends for the projected period encompass AI-facilitated design enhancement, device miniaturization, the incorporation of advanced materials, the use of IoT in medical devices, and the evolution of smart packaging technologies.

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What Drivers Are Propelling the Growth of Medical Equipment Outsourcing Market Forward?
The anticipated surge in medical devices necessitates is a contributing factor in the expansion of the medical equipment outsourcing market. Medical devices, which comprise of equipment, implements, machinery, or software that help to detect, avert, supervise, or cure health disorders without any primary chemical action, are in high demand. This heightened demand for medical devices originates largely from the escalating global elderly populace, leading to an increased prevalence of chronic illnesses and a more pronounced requirement for diagnostic, monitoring, and therapeutic apparatus. Medical equipment outsourcing addresses the escalating requirement for medical devices by facilitating quicker, economic production and providing access to specialized skillsets. This aids manufacturers in expanding operations and proficiently addressing market demands. For instance, the National Medical Products Administration (NMPA), a regulatory body based in China overseeing drugs, medical devices, and cosmetics, reported that in January 2025 a total of 126,139 medical device products were officially registered, with 163,489 certificates of filing issued across the country. Consequently, the accelerated requirement for medical devices will stimulate the growth of the medical equipment outsourcing market.

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What Are the Key Trends Driving Medical Equipment Outsourcing Market Growth?
Significant firms in the medical equipment outsourcing market are choosing to adopt a strategic partnership strategy to boost tech integration and broaden their market reach. Strategic partnerships serve to reinforce medical outsourcing services by merging specialized knowledge, cutting-edge technologies, and international infrastructure. This approach speeds up development processes, cuts costs, and improves the compliance and quality of healthcare solutions. For instance, in June 2023, NAMSA, a medical device Contract Research Organization based in the US, established a strategic outsourcing partnership with Terumo Aortic. The aim of this partnership is to fast track the development and marketing of Terumo Aortic's progressive aortic disease devices. NAMSA will offer immediate access to clinical experts and teams focusing on cardiovascular studies. This will help to expedite the market introduction of new devices. Further to this, in January 2025, US Med-Equip, a US firm that rents out medical equipment, entered into a partnership with Zopec Medical to deliver backup battery power solutions to hospitals. This will ensure that healthcare providers can rely on a constant power source for crucial medical equipment, improving patient care during power failures or in locations with erratic electricity supplies.

What Are the Key Segments in the Medical Equipment Outsourcing Market?
The medical equipment outsourcing market covered in this report is segmented -

1) By Service Type: Regulatory Affairs Services, Product Design And Development Services, Product Testing And Certification Services, Product Implementation Services, Product Upgrade Services
2) By Mode Of Outsourcing: Offshore Outsourcing, Nearshore Outsourcing, Onshore Outsourcing
3) By Application: Diagnostic Imaging, Cardiology, Orthopedic, Dental, Endoscopy
4) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research And Development Centers

Subsegments:
1) By Regulatory Affairs Services: Regulatory Strategy development, Regulatory Submissions (e.g., FDA, EMA, PMDA), Labeling Compliance, Post- market Surveillance Support, Clinical Evaluation Reports (CER)
2) By Product Design and Development Services: Concept And Feasibility Analysis, Industrial And Human Factors Design, Electrical And Mechanical Engineering, Software Development (Embedded Systems, Apps), Prototyping And Pilot Production
3) By Product Testing And Certification Services: Electrical Safety Testing, Biocompatibility Testing, Performance Testing, EMC Or EMI Compliance Testing, Certification Support
4) By Product Implementation Services: Manufacturing Process Validation, Assembly And Integration, Packaging Design And Validation, Sterilization Process Management, Supply Chain Setup
5) By Product Upgrade Services: Product Lifecycle Management, Software And Firmware Updates, Hardware Redesign For Newer Standards, Compliance With Updated Regulations, Cost-reduction Engineering

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Who Are the Key Players Shaping the Medical Equipment Outsourcing Market's Competitive Landscape?
Major companies operating in the medical equipment outsourcing market are Jabil Inc., Flex Ltd., IQVIA Holdings Inc., Labcorp, Sanmina Corporation, ICON plc, Celestica Inc., Eurofins Scientific, WuXi AppTec Co. Ltd., Nipro Corporation, Charles River Laboratories International Inc., lntertek Group, Plexus Corp., Parexel International Corporation, West Pharmaceutical Services Inc., Benchmark Electronics Inc., Gerresheimer AG, Phillips-Medisize Corporation, Medpace Holdings Inc., Integer Holdings Corporation

What Geographic Markets Are Powering Growth in the Medical Equipment Outsourcing Market?
North America was the largest region in the medical equipment outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical equipment outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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