Table of Content - Medical Device Engineering Services Market

Global medical device engineering services market is estimated to be valued at USD 5.64 Bn in 2024, and is expected to exhibit a CAGR of 11.5% during the forecast period (2024-2031). Global medical device engineering services market has witnessed tremendous growth in the recent years due to advancements in technology and rising demand for quality healthcare devices. Medical device engineering involves designing, developing and testing medical equipment, devices, components and other products used for medical purposes. Services include concept design, product development and lifecycle support, regulatory compliance, quality assurance as well as manufacturing and packaging support. With new diseases emerging and lifestyle changes leading to increased prevalence of chronic conditions, the need for innovative medical solutions continues to rise globally. Various factors such as rising geriatric population, growing incidence of chronic and lifestyle diseases, and increasing healthcare investments are driving the market growth.

Market Dynamics:

Global medical device engineering services market growth is driven by rising demand for innovative medical devices. Growing prevalence of chronic diseases due to changing lifestyle and dietary patterns has boosted the need for advanced healthcare solutions. According to World Health Organization, chronic diseases accounted for over 70% of all deaths globally in 2020. This has accelerated R&D in the medical device industry to come up with more effective diagnostic and treatment options. Rising healthcare expenditures coupled with increasing collaborations between medical device companies and engineering service providers are positively impacting the market growth. However, lengthy product approval timelines and stringent regulations can hamper the market growth. Moreover, the COVID-19 pandemic disrupted the supply chain which negatively impacted the market growth. However, growing investments by governments and private organizations in the healthcare sector present lucrative opportunities for market expansion.

Key Features of the Study:

This report provides in-depth analysis of the global medical device engineering services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 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 engineering services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study Infosys Limited, Cyient, Accenture, Embien Technologies India Pvt Ltd., Saraca Solutions Private Limited, Tata Elxsi, Iziel, Wipro, Althea Group, L&T Technology Services Limited., Altran, ALTEN Technology, Flextronics International, LTD., Nordson Corporation, ClariMed, Inc.
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.
Global medical device engineering services market 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 engineering services market.

Detailed Segmentation-

Service Type:
- Product Development
- Clinical Trial Services
- Quality Management
- Others
Device Type:
- IVD Devices
- Diagnostic Imaging
- Monitoring Devices
- Others
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Infosys Limited
- Cyient
- Accenture
- Embien Technologies India Pvt Ltd.
- Saraca Solutions Private Limited
- Tata Elxsi
- Iziel
- Wipro
- Althea Group
- L&T Technology Services Limited.
- Altran
- ALTEN Technology
- Flextronics International, LTD.
- Nordson Corporation
- ClariMed, Inc.

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Service Type
  - Market Snapshot, By Device Type
  - Market Snapshot, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Service Type Launches
- Fundings and Investments
- PEST Analysis
- Porter’s Analysis
Global Medical Device Engineering Services Market- Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the market
Global Medical Device Engineering Services Market, By Service Type, 2019 – 2031, (USD Bn)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- Product Development
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Clinical Trial Services
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Quality Management
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Others
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Global Medical Device Engineering Services Market, By Device Type, 2019 – 2031, (USD Bn)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- IVD Devices
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Diagnostic Imaging
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Monitoring Devices
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Others
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Global Medical Device Engineering Services Market, By Region, 2019 – 2031, (USD Bn)
- Introduction
  - Market Share Analysis, By Region, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, For Region, 2019–2031
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
    - U.K.
    - Germany
    - Italy
    - France
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
    - GCC
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)
    - North Africa
    - Central Africa
    - South Africa
Competitive Landscape
- Company Profiles
  - Infosys Limited
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Cyient
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Accenture
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Embien Technologies India Pvt Ltd.
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Saraca Solutions Private Limited
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Tata Elxsi
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Iziel
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Wipro
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Althea Group
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - L&T Technology Services Limited.
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Altran
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - ALTEN Technology
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Flextronics International, LTD.
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - Nordson Corporation
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
  - ClariMed, Inc.
    - Company Highlights
    - Service Type Portfolio
    - Key Highlights
    - Financial Performance
    - Market Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact

*Browse 28 market data tables and 26 figures on "Medical Device Engineering Services Market” -Global forecast to 2031

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