Meticulous Research®—a leading global market research company, published a research report titled, ‘Medical Device Contract Manufacturing Market Size, Share, Forecast, & Trends Analysis by Device (Biochemistry, Immunoassay, CT, MRI, X-ray, Ultrasound, Pacemaker, Defibrillator, Oximeter) Services (Development, Manufacturing, QA) - Global Forecast to 2032.

According to this latest publication from Meticulous Research®, the global medical device contract manufacturing market is projected to reach $171.19 billion by 2032, at a CAGR of 9.9% during the forecast period 2025–2032. The growth of this market is driven by the growing preference for outsourcing for development & manufacturing of medical devices by companies, technological advancements in manufacturing processes, and growth in the medical device & IVD industry. However, stringent technical & regulatory requirements for medical devices restrain the market growth.

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).

What’s Driving the Boom in Medical Device Contract Manufacturing?

The medical device contract manufacturing industry is growing fast—and for good reason. A mix of rising complexity, tighter timelines, and tech innovation is pushing more medical device companies to lean on specialized partners to help them deliver.

In today’s fast-moving healthcare world, speed and focus matter more than ever. Medical device makers are under pressure to launch products quickly, control costs, and stay focused on innovation. For many, it just makes sense to outsource production to contract manufacturers (CDMOs) who can handle the heavy lifting. These partners offer the flexibility to scale up or down, access to advanced manufacturing capabilities, and a faster path to market without having to build everything in-house.

Regulatory standards aren’t standing still. Whether it’s new FDA updates or shifting rules in Europe and Asia, staying compliant takes serious effort. That’s where experienced CDMOs come in—they’ve built their businesses around understanding and keeping up with global compliance. They can help companies avoid delays, reduce risk, and get through audits without the headaches.

Let’s not forget cost. Manufacturing in-house—especially in high-cost countries—can be expensive. That’s why many companies are shifting production to CDMOs in regions like Asia-Pacific, where there’s a skilled workforce and lower overhead. It’s a win-win: high quality without the hefty price tag.

The Rise of Emerging Markets:

Emerging markets, particularly in Asia, are becoming real powerhouses in the CDMO world. The region is expected to post the fastest growth in the years ahead—and it’s not hard to see why.

Countries like India, China, and Vietnam have a solid mix of talent, affordability, and improving infrastructure. Governments are actively supporting local manufacturing with incentives, regulatory reforms, and logistics upgrades. For medical device companies looking to scale affordably, the appeal is clear.

Why North America Still Leads:

Despite the global shift, North America—especially the U.S.—remains a stronghold in the CDMO space. The region is expected to hold nearly half the global market share in 2025. What sets it apart?

For starters, the infrastructure is world-class, with advanced manufacturing facilities and a deep tech ecosystem. Major players like Jabil, Benchmark, and Teleflex are headquartered here, and the U.S. regulatory experience offers a big advantage when launching products worldwide. Add to that strong ties between industry and research, and you’ve got a region that’s tough to beat.

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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?
• 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?

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