Medical Device Contract Manufacturing Market is growing at a CAGR of 12.3% from 2024 to 2030 by Exactitude Consultancy

The Exactitude Consultancy Medical Device Contract Manufacturing Market Report – Size, Trends, and Forecast 2024-2030

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 28, 2024 /EINPresswire.com/ -- The 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 refers to the industry segment where companies provide outsourced manufacturing services for medical devices. This market involves third-party manufacturers that produce medical devices and components on behalf of original equipment manufacturers (OEMs). These contract manufacturers handle various stages of production, including design, prototyping, production, assembly, and quality control.

The market's expansion is ascribed to the rising demand for monoclonal antibodies and biosimilars, the rising demand for target diseases, and the rapidly expanding adoption of immunotherapy medication categories in contrast to conventional therapeutic approaches. Additionally, it is projected that the worldwide market will expand due to the growing need for individualized medical care. Additionally, during the projected period, the growing healthcare expenditures in developed countries coupled with an aging population are driving market growth. The factors driving the growth of the market are the increasing use of robotics and automation along with technological advancements in medical devices.

𝐓𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟓𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒 𝐭𝐨 𝐔𝐒𝐃 𝟏𝟔𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟐.𝟑% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

𝐆𝐞𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

https://exactitudeconsultancy.com/reports/1480/medical-device-contract-manufacturing-market/#request-a-sample

In addition to answering these critical questions, the report offers a forward-looking perspective, providing insights into the future trajectory of the Medical Device Contract Manufacturing market. It equips decision-makers with the knowledge needed to navigate the market’s evolution during the forecasted period effectively.

𝐓𝐡𝐞 𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

Flex, Ltd. (Singapore), Jabil, Inc. (US), TE Connectivity, Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica International (Canada), Plexus Corporation (US), Benchmark Electronics, Inc. (US), Integer Holdings Corporation (US), Gerresheimer Ag (Germany), West Pharmaceutical Services, Inc. (US), Nortech Systems, Inc. (US), Consort Medical PLC (UK), Kimball Electronics Inc. (US), and Teleflex Incorporated (US).

𝐅𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

𝐈𝐧 𝟐𝟎𝟐𝟒, 𝐈𝐧𝐭𝐞𝐠𝐞𝐫 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 (U.S.), a medical device outsourcing company, acquired PULSE TECHNOLOGIES, INC. (U.S.), a contract manufacturer that specializes in complex micromachining of medical device components.

𝐈𝐧 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟏, 𝐓𝐄 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 acquired three companies focused on microfluidic cartridge and blister reagent package development, usability testing, clinical research, and manufacturing, including Toolbox Medical Innovations (California, USA), which provides development, usability testing, clinical research, and manufacturing services for Point of Care IVD products.

𝐓𝐡𝐢𝐬 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐡𝐞𝐝𝐬 𝐥𝐢𝐠𝐡𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐰𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐫𝐢𝐯𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭. 𝐓𝐫𝐚𝐜𝐤 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐭𝐚𝐭𝐮𝐬 𝐚𝐧𝐝 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Asia Pacific accounted for the largest share of the medical device contract manufacturing market, followed by Europe and North America. This is due to increasing population, growing middle class, and rising healthcare expenditure in the region are fueling the demand for various pharmaceuticals and medical devices also compared to established markets like North America and Europe, the Asia Pacific region often offers lower labor costs, making it an attractive option for companies seeking to optimize manufacturing expenses.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐭𝐡𝐞 𝐝𝐞𝐯𝐢𝐜𝐞 𝐭𝐲𝐩𝐞, 𝐭𝐡𝐞 𝐜𝐚𝐫𝐝𝐢𝐨𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐝𝐞𝐯𝐢𝐜𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐛𝐲 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐝𝐞𝐯𝐢𝐜𝐞 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭.

Decibrillators prevent sudden cardiac arrest, stents open blocked arteries, and pacemakers regulate irregular heartbeats. This results in a lower chance of dying and better cardiovascular health. Additionally, compared to open heart surgery, less invasive procedures are now possible thanks to technological advancements like balloon angioplasty and stent placement. This results in less pain, less scarring, and faster recovery times, all of which are anticipated to fuel market expansion.

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐃𝐞𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟐𝟖, (𝐈𝐍 𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

IVD Devices

Diagnostic Imaging Devices

Cardiovascular Devices

Drug Delivery Devices

Orthopedic Devices

Ophthalmology Devices

Diabetes Care Devices

Dental Devices

Endoscopy Devices

Respiratory Care Devices

Surgical Devices

Gynaecology/Urology Devices

Personal Care

Neurology Devices

Other Devices

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐓𝐲𝐩𝐞, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟐𝟖, (𝐈𝐍 𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Device Development And Manufacturing Services

Quality Management Services

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐥𝐚𝐬𝐬 𝐎𝐟 𝐃𝐞𝐯𝐢𝐜𝐞, 𝟐𝟎𝟏𝟗-𝟐𝟎𝟐𝟖, (𝐈𝐍 𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Class I Medical Devices

Class Ii Medical Devices

Class Iii Medical Devices

This report caters to a wide audience, from industry experts seeking insights into the dynamic Medical Device Contract Manufacturing market to newcomers looking for guidance. Customization options are available to ensure the report’s relevance to your specific needs.

𝐊𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:

https://exactitudeconsultancy.com/reports/1480/medical-device-contract-manufacturing-market/

𝐓𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 𝐚𝐥𝐬𝐨 𝐚𝐧𝐚𝐥𝐲𝐳𝐞𝐬 𝐚𝐧𝐝 𝐬𝐡𝐞𝐝𝐬 𝐥𝐢𝐠𝐡𝐭 𝐨𝐧 𝐤𝐞𝐲 𝐚𝐬𝐩𝐞𝐜𝐭𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭’𝐬 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐠𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐞𝐬:

Regions witnessing a rise in investments in supply chain networks.

Countries that have benefited from recent import and export policies.

Regions experiencing a decline in consumer demand due to economic and political upheavals.

Medical Device Contract Manufacturing Markets expected to emerge in specific geographies.

Regions likely to lose market share due to pricing pressures.

Leading players expected to expand their footprints in the near future.

Sustainability trends impacting the logistics and supply chain dynamics in the Medical Device Contract Manufacturing

Demographic and economic environments creating new demand in developing economies.

Changing government regulations and their impact on business strategies and practices.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝟓𝐆 𝐈𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/7549/5g-in-healthcare-market/

𝐁𝐥𝐨𝐨𝐝 𝐒𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/11815/blood-screening-market/

 𝐂𝐚𝐧𝐜𝐞𝐫 𝐈𝐦𝐦𝐮𝐧𝐨𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/14604/cancer-immunotherapy-market/

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐨𝐧 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/14558/companion-diagnostics-market/

 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/14357/compounding-pharmacies-market/

𝐅𝐥𝐨𝐰 𝐂𝐲𝐭𝐨𝐦𝐞𝐭𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/14452/flow-cytometry-market/

𝐇𝐞𝐚𝐥𝐭𝐡 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 (𝐇𝐈𝐄) 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/5412/health-information-exchange-hie-market/

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/23969/healthcare-business-intelligence-market/

𝐇𝐞𝐫𝐞𝐝𝐢𝐭𝐚𝐫𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/3449/hereditary-testing-market/

𝐈𝐧𝐟𝐞𝐜𝐭𝐢𝐨𝐧 𝐒𝐮𝐫𝐯𝐞𝐢𝐥𝐥𝐚𝐧𝐜𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

https://exactitudeconsultancy.com/reports/31104/infection-surveillance-solutions-market/

 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

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