American Made Advocacy: Where’s the Budget for a Modern Military Run on Microelectronics?
Defense Speak Interpreted: JADC2—Why It’s More Relevant Than Ever in Drone Warfare
Beyond the Board: Orbital High Ground—Why Space Superiority Is Slipping Away
Medical Device Contract Manufacturing Market worth $140.84 Billion by 2030 with 10.9% CAGR
August 25, 2025 | PRNewswireEstimated reading time: 1 minute
The global Medical Device Contract Manufacturing Market, valued at US$78.58 billion in 2024, stood at US$83.77 billion in 2025 and is projected to advance at a resilient CAGR of 10.9% from 2025 to 2030, culminating in a forecasted valuation of US$140.84 billion by the end of the period. The growth of the medical device contract manufacturing (MDCM) market is fueled by industry trends and technological progress. Rising demand for complex and small-scale medical devices, especially in diagnostic imaging, wearable health technology, and minimally invasive procedures, has led OEMs to outsource production to specialized contract manufacturers with the necessary expertise and infrastructure. Increasing healthcare costs and regulatory demands are encouraging companies to cut operational expenses and speed up time-to-market, making outsourcing a cost-effective and strategic choice.
By IVD device type, within the category of In Vitro Diagnostic (IVD) devices, IVD consumables are projected to experience the highest compound annual growth rate (CAGR) from 2024 to 2030. These consumables, which include the disposable elements integral to IVD testing processes, play a critical role in ensuring both efficiency and accuracy in medical diagnostics. Engineered under stringent specifications, IVD consumables guarantee consistent performance across various assays and manufacturing batches. This standardization significantly mitigates the potential for errors stemming from environmental variability during testing, thereby enhancing diagnostic reliability.
By packaging & assembly services, the medical device contract manufacturing market can be classified into several segments, including primary and secondary packaging, labeling, and various ancillary services within the packaging and assembly category. The growth of the primary and secondary packaging segment is largely attributed to its critical role in safeguarding devices against contamination and physical damage throughout the processes of transportation, storage, and handling. These protective measures are essential for maintaining the integrity of medical devices, thereby driving demand within this sector.
By geography, the medical device contract manufacturing market is categorized into five key regions: North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa, including the GCC nations. In 2024, Europe is projected to hold the second-largest share of this market. Significant factors contributing to the growth in Europe include an increasingly aging demographic, which is driving amplified demand for medical devices essential for the diagnosis, treatment, and management of age-related conditions. This trend underlines the critical role of contract manufacturing in meeting the evolving healthcare needs within the region.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Intel, Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership
08/25/2025 | BUSINESS WIREIntel Corporation announced an agreement with the Trump Administration to support the continued expansion of American technology and manufacturing leadership.
The Government Circuit: Navigating New Trade Headwinds and New Partnerships
08/25/2025 | Chris Mitchell -- Column: The Government CircuitAs global trade winds continue to howl, the electronics manufacturing industry finds itself at a critical juncture. After months of warnings, the U.S. Government has implemented a broad array of tariff increases, with fresh duties hitting copper-based products, semiconductors, and imports from many nations. On the positive side, tentative trade agreements with Europe, China, Japan, and other nations are providing at least some clarity and counterbalance.
Missile Strike on Ukraine Hits Flex Facility
08/22/2025 | FlexOn the morning of August 21, 2025, our facility in Mukachevo, Ukraine, was damaged during a missile strike. Our emergency protocols were executed to ensure the full evacuation of the site.
Nordson EFD Completes Eighth Job Shadowing Program with Polaris MEP
08/22/2025 | BUSINESS WIRENordson EFD, a Nordson company, announced it has completed its eighth year of support for the "Fast Track to Advanced Manufacturing" job shadowing program.
VVDN Expands Manufacturing Footprint into the UAE to Meet Global Demand
08/20/2025 | PRNewswireVVDN Technologies, a global provider of software, product engineering and electronics manufacturing services & solutions, today announced it is setting up a new manufacturing facility in the UAE as part of its global expansion strategy.