Medical Device Contract Manufacturing Market to hit US$ 190.88 Billion by 2033 | Top 5 Companies are Sanmina Corporation, Celestica Inc., Phillips Medisize, Plexus Corp., Inc., and Gerresheimer AG

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

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Key Market Highlights

✅ North America holds the leading position in the medical device contract manufacturing market, capturing 43.78% of total revenue in 2024.

✅ The Asia Pacific region is projected to be the fastest-growing market, registering a strong CAGR of 10.7% during the forecast period.

✅ Among therapeutic areas, cardiovascular devices dominated the market in 2024, accounting for 27.31% of overall revenue.

Key Players:

Jabil Inc., Thermo Fisher Scientific Inc. (PPD), Integer Holdings Corporation, Sanmina Corporation, Celestica Inc., Phillips Medisize, Plexus Corp., Inc., and Gerresheimer AG

Latest News and Clinical Trials

More than 9,600 clinical trials involving medical devices are ongoing or recently completed, reflecting the broad role of contract manufacturers in scaling production of innovative devices across therapeutic areas.​

GE HealthCare acquired AI imaging company Intelerad for $2.3 billion, integrating diagnostics device manufacturing with contract manufacturing trends supporting interoperability and AI workflows.

Growth Forecast Projection:

The Global Medical Device Contract Manufacturing Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. 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 Segmentation:

By Device Class: (Class I Devices, Class II Devices, and Class III Devices)

By Service Type: (Device & Component Manufacturing Services, Quality Management Services, Packaging & Assembly Services, and Others)

By Therapeutic Area: (Cardiovascular Devices, Orthopedic Devices, Ophthalmic Devices, Respiratory Devices, and Others)

Regional Analysis for 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)

FDA Approvals

✅ While specific FDA approvals for contract manufacturing are not directly issued, key contract manufacturers support clients in achieving 510(k) clearances and PMA submissions by enabling high-quality production consistent with regulatory standards

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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Procurement, Demand, Supply Chain Insights

✅ Contract manufacturers employ advanced robotics, automation, and 3D printing to meet complexity, quality, and regulatory compliance, enabling precision manufacturing for emerging digital health and implantable devices.​

✅ Asia Pacific dominates with increasing offshoring in India, China, Japan, and Southeast Asia attributed to favorable cost and skilled labor. Regulatory reforms ease approval pathways, boosting OEM partnerships with local contract manufacturers.​

✅ Supply chains are optimized with AI and blockchain solutions for transparency, quality control, and timeline management amid global semiconductor and raw material sourcing challenges

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