Towards Healthcare
Medical Device Contract Manufacturing Market to Hit USD 220.57 Bn by 2034

Medical Device Contract Manufacturing Market 2025 Overview North America Leads with 39% Share, Asia-Pacific Fastest Growing

Market insights predict, the medical device contract manufacturing industry is expected to grow from USD 78.61 billion in 2024 to USD 220.57 billion by 2034, driven by a CAGR of 10.86%. The growing demand for medical devices and stringent regulatory policies drive the global market. North America dominated the global market due to its favorable infrastructure and the need for precision manufacturing. 

Content

  • Insight Code: 5994
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Kesiya Chacko is an accomplished market research professional with over 4+ years of experience in the healthcare industry, known for delivering actionable insights and strategic analysis that empower healthcare organizations to navigate complex, rapidly evolving markets.

Kesiya began her research career with Precedence Research, where she built a strong foundation in pharmaceutical and healthcare market analysis. Today, she plays an integral role at Towards Healthcare, contributing to in-depth, client-centric research initiatives. She also brings her expertise to Statifacts, supporting broader research functions with a focus on cross-sector healthcare trends and data interpretation.

Her commitment to high-quality analysis, combined with a strong grasp of regulatory and market dynamics, makes her a trusted contributor to healthcare firms seeking future-ready, data-backed decisions. Kesiya’s work spans the analysis of industry trends, competitive benchmarking, and evaluation of regulatory and innovation-driven shifts.

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FAQ's

The medical device contract manufacturing market holds a valuation of USD 87.14 billion as of 2025, and will expand to USD 220.57 billion by 2034, achieving a CAGR of 10.86% between 2024 and 2034.

North America is leading the medical device contract manufacturing market due to the availability of state-of-the-art infrastructure, the presence of key players, and increasing investments.

Some key players include Plexus Corp., WuXi AppTec, and B.Braun.

Key trends include the growing demand for innovative medical devices, stringent regulatory policies, and increasing collaborations among key players.

Contract manufacturing provides manufacturing as a service to customers, while OEMs incorporate their existing components and expertise to create finished products.

Food and Drug Administration, Centers for Disease Control and Prevention, Government of Canada, The Observatory of Economic Complexity
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