Medical Device Contract Manufacturing Market Size to Reach USD 190.9 Billion by 2033, Expanding at 10.9% CAGR (2025-2033) | Top Companies Flextronics International, LTD., Jabil Inc., Benchmark Electronics Inc.

The Medical Device Contract Manufacturing Market size was valued at USD 70,739.40 million in 2021 and is estimated to reach a compound annual growth rate (CAGR) of 11.30% over the forecast period 2024 to 2031.

Medical Device Contract Manufacturing provides outsourced production of devices like implants, diagnostics, and surgical instruments. Growth is driven by rising healthcare demand, regulatory compliance, and cost optimization. Services include design, prototyping, assembly, and sterilization. Hospitals, biotech, and medtech companies are major end-users. Advances in automation, precision manufacturing, and quality assurance improve efficiency. Partnerships with OEMs and regulatory support boost adoption. Market expansion is fueled by increasing outsourcing trends in healthcare.

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☛ Medical Device Contract Manufacturing Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In August 2025, Integer Holdings Corporation announced a $120 million expansion of its manufacturing facility in Texas, aimed at scaling up production for advanced cardiovascular and neuromodulation devices.

✅ In July 2025, TE Connectivity unveiled a new medical technology innovation center in California focused on miniaturized interconnects and sensors for next-gen medical devices.

✅ In June 2025, Viant Medical completed the acquisition of a precision molding firm to enhance its end-to-end contract manufacturing capabilities in orthopedics and diagnostics.

Europe: Recent Industry Developments

✅ In August 2025, Jabil Healthcare expanded its manufacturing site in Hungary, incorporating advanced automation and digital traceability systems to meet MDR compliance requirements.

✅ In July 2025, Flex Ltd. announced a strategic partnership with Siemens Healthineers to co-develop high-volume diagnostic device manufacturing solutions.

✅ In June 2025, Phillips-Medisize (a Molex company) launched new microfluidic assembly lines in Ireland to support drug delivery and point-of-care device production.

Japan: Recent Industry Developments

✅ In August 2025, Nipro Corporation expanded its Osaka-based contract manufacturing facility to include sterilization and quality testing for medical disposables and catheters.

✅ In July 2025, Terumo Corporation entered into a collaboration with Japanese startups specializing in 3D printing to advance customized implant production under contract manufacturing models.

✅ In June 2025, Canon Medical Systems announced the modernization of its OEM device assembly operations, integrating robotics to enhance efficiency and precision.

☛ Medical Device Contract Manufacturing Market Competitive Landscape:

Flextronics International, LTD., Jabil Inc., Benchmark Electronics, Inc., Integer Holdings Corporation (Greatbatch), West Pharmaceutical Services, Inc., Tecomet, Inc., Nortech Systems, TE Connectivity (Creganna Medical), Forefront Medical Technologies, Sanmina Corporation, and Nipro Corporation.

Research Methodology

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segments Covered in the Medical Device Contract Manufacturing Market:

By Device Type: IVD Diagnostics, Drug Delivery Devices, Diagnostic Imaging Devices, Patient Monitoring Devices, Therapeutic Patient Assistive Devices, Minimally Access Surgical Instruments, Others.

By Services: Product Manufacturing and Assembly Services, Quality Management Services, Packaging and Sterilization Services, Regulatory Consulting Services, Product Design & Development Services.

By Class of Device: Class II Medical Devices, Class I Medical Devices, Class III Medical Devices.

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☛ 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)

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