Exploring the Medical Device Contract Manufacturing Market: Key Trends and Forec

1. Global Medical Device Contract Manufacturing Market: Forecast and Insights to 2031

2. Medical Device Contract Manufacturing Market– 2024-2031 Meticulous Research® has detailed a report forecasting that the global medical device contract manufacturing market, will reach $171.19 billion by 2031, with a CAGR of 9.9% from 2024 to 2031. The report identifies key drivers of growth, including the shift towards outsourcing, advancements in manufacturing technology, and the growth of the medical device and IVD industries. Outsourcing is increasingly popular among medical device companies, allowing them to leverage external expertise and advanced technologies while reducing production costs. Technological advancements in manufacturing are enabling the production of more advanced and efficient devices. The growing prevalence of chronic diseases and the rise of biologic drugs are contributing to the demand for drug delivery devices. The drug delivery devices segment is expected to grow at the highest rate due to innovations such as auto-injectors and wearable pumps, which offer improved patient convenience and adherence. The market is segmented into various device types, including IVD devices, imaging devices, and cardiovascular devices. Moderate-risk medical devices are anticipated to dominate the market due to high outsourcing rates and increased demand for products like syringes and catheters. Design and development services are projected to see significant growth, with a CAGR of 11.7%, driven by the need for advanced technical capabilities and the trend of outsourcing. North America, particularly the U.S., is expected to lead the market due to its advanced infrastructure, high demand for medical technologies, and strong presence of contract manufacturers. Key Players The key players operating in the global medical device contract manufacturing market are Jabil Inc. (U.S.), Gerresheimer AG (Germany), Nordson Corporation (U.S.), Teleflex Incorporated (U.S.), Celestica Inc. (Canada), Plexus Corp (U.S.), SteriPack Group Ltd (U.S.), Nortech Systems, Inc. (U.S.), Invetech Pty. Ltd. (Australia), Flextronics International, LTD. (Singapore), Benchmark Electronics Inc. (U.S.), Integer Holdings Corporation (U.S.), and STRATEC SE (Germany). Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5821 Key questions answered in the report- • What is the current value of revenue generated by medical device contract manufacturing services across the globe? • At what rate is the demand for global medical device contract manufacturing services projected to grow for the next 5-7 years? Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Medical Device Contract Manufacturing Market– 2024-2031 • What is the historical market size and growth rate for medical device contract manufacturing services across the globe? • What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing market players and new entrants in the market? • Which segments are creating major traction for the vendors in this market in terms of device, risk type, service, application, and end user? • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the vendors operating in the global medical device contract manufacturing market? • Who are the major players in the global medical device contract manufacturing market? And what are their specific services offered in the industry? • What recent developments have taken place in the global medical device contract manufacturing market, and how these strategic developments are creating a global impact in this market? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com