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

  • Last Updated: 01 November 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

About The Author

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology, and healthcare services.

She began her research career at Precedence Research, where she contributed to a wide range of healthcare industry studies, helping build a strong foundation in market intelligence and strategic research. Currently, Deepa plays a critical role at Towards Healthcare, while also extending her research capabilities across Statifacts, supporting cross-industry intelligence initiatives with a focus on healthcare.

Her ability to distill complexity into clarity has made her a trusted contributor to both internal teams and external clients across the healthcare value chain. By combining professionalism with an evolving depth in healthcare research, Deepa consistently adds value to projects that demand critical thinking, market precision, and industry-specific knowledge. Her contributions help organizations navigate the complexities of regulated markets and make data-backed growth decisions.

Talk to us
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
Any Questions