Towards Healthcare
IVD Contract Manufacturing Market Expands at 10.44% CAGR by 2034

IVD Contract Manufacturing Market Key Players and Competitive Landscape

According to forecasts, the global IVD contract manufacturing market will grow from USD 21.13 billion in 2024 to USD 56.9 billion by 2034, with an expected CAGR of 10.44%. The IVD contract manufacturing market is growing due to growing technological advancements in diagnostic tools & techniques. North America is dominating the market due to the presence of major market players and an advanced healthcare infrastructure.

Content

  • Insight Code: 5797
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: July 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

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FAQ's

The IVD contract manufacturing market is projected to reach USD 56.9 billion by 2034, growing at a CAGR of 10.44% from 2024 to 2034.

North America is currently leading the IVD contract manufacturing market due to rising cases of chronic conditions and investing in the development of diagnostic centers.

The IVD contract manufacturing market includes five segments such as by product, by service, by technology, by end-use, and by region.

Some key players include Jabil Inc., Sanmina Corporation, TE Connectivity, Celestica Inc., etc.

Key trends include rising investment in highly advanced diagnostic services, a rise in cancer cases & geriatric population, and government support.

Class A and B IVD devices: To apply for a license to produce, market, and distribute Class A and B IVD devices in India, the applicant must use MD 3.

Contract manufacturing is the process of contracting with a qualified third-party manufacturer to create machinery, parts, or finished goods. It provides the production process with more flexibility, enabling businesses to focus their time and energy on other key business requirements.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.
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