Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
It’s Only Common Sense: Storytelling That Sells—Stop Pitching, Start Painting Pictures
The Right Approach: Get Ready for ISO 9001 Version 6
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
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
I-Connect007 Launches Advanced Electronics Packaging Digest
09/15/2025 | I-Connect007I-Connect007 is pleased to announce the launch of Advanced Electronics Packaging Digest (AEPD), a new monthly digital newsletter dedicated to one of the most critical and rapidly evolving areas of electronics manufacturing: advanced packaging at the interconnect level.
ICAPE Group Unveils Exclusive Report on Sustainability in Electronics Manufacturing
09/15/2025 | ICAPE GroupICAPE Group, a global leader in printed circuit boards (PCBs) and custom electronics manufacturing, today announces the launch of its 2025 Industry Outlook & Innovation Report: Sustainability in Electronics Manufacturing. This exclusive report is accompanied by fresh insights from a dedicated Statista survey of 100 electronics manufacturing professionals, commissioned by ICAPE Group.
Panasonic Industry will Double the Production Capacity of MEGTRON Multi-layer Circuit Board Materials Over the Next Five Years
09/15/2025 | Panasonic Industry Co., Ltd.Panasonic Industry Co., Ltd., a Panasonic Group company, announced plans for a major expansion of its global production capacity for MEGTRON multi-layer circuit board materials today. The company plans to double its production over the next five years to meet growing demand in the AI server and ICT infrastructure markets.
Sustainability and Selective Soldering
09/15/2025 | Dr. Samuel J. McMaster, Pillarhouse InternationalSustainability is more than just a buzzword for the electronics industry; it’s a key goal for all manufacturing processes. This is more than a box-ticking exercise or simply doing a small part for environmentally friendly processes. Moving toward sustainable solutions drives innovation and operational efficiency.
ASM Technologies Limited signs MoU with the Guidance, Government of Tamilnadu to Expand Design-Led Manufacturing capabilities for ESDM
09/15/2025 | ASM TechnologiesASM Technologies Limited, a pioneer in Design- Led Manufacturing in the semiconductor and automotive industries, announced signing of Memorandum of Understanding (MoU) with the Guidance, Government of Tamilnadu whereby it will invest Rs. 250 crores in the state to expand its ESDM related Design-Led Manufacturing and precision engineering capacity. ASM Technologies will acquire 5 acres of land from the Government of Tamilnadu to set up a state-of-the-art design facility in Tamil Nadu's growing technology manufacturing ecosystem, providing a strong strategic advantage and long-term benefits for ASM.