Medical device contract manufacturing (CM) is the system by which the manufacturing company manufactures medical devices and components of medical devices that can be then sold by another company. The product is developed according to the specifications sent by the original equipment manufacturer (OEM) in compliance with ISO:13485 and FDA guidelines.  

Market Dynamics:

Increasing prevalence of chronic diseases, growing geriatric population, high demand for medical devices, growing trend of medical device contract manufacturing, and the outbreak of COVID-19 (global pandemic) are major factors expected to drive growth of the global medical device contract manufacturing market over the forecast period.

For instance, in June 2022, Amnovis, a contract manufacturer, and BAAT Medical, medical device service provider, teamed up to offer an innovative and rapid turnaround process for the 3D printed medical devices. Moreover, in May 2022, Biomerics opened 2,000 square feet balloon and balloon catheter center of excellence in Galway. This is Biomerics' first facility in Europe and the second facility outside the United States after Costa Rica.  

Key features of the study:

• This report provides in-depth analysis of the global medical device contract manufacturing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global medical device contract manufacturing market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Flex, TE Connectivity, Sanmina, Jabil, Celestica, Plexus, and Tecomet, among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global medical device contract manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical device contract manufacturing market.

Detailed Segmentation:

• Global Medical Device Contract Manufacturing Market, By Device:
  • Class I
  • Class II
  • Class III
• Global Medical Device Contract Manufacturing Market, By Product:
  • Electronics Manufacturing Services
  • Raw Materials
  • Finished Goods
• Global Medical Device Contract Manufacturing Market, By Service:
  • Product Manufacturing and Assembly Services
  • Quality Management Services
  • Packaging and Sterilization Services
  • Regulatory Consulting Services
  • Product Design and Development Services
• Global Medical Device Contract Manufacturing Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • Flex
  • TE Connectivity
  • Sanmina
  • Jabil
  • Celestica
  • Plexus
  • Tecomet