Towards Healthcare
Medical Device Outsourcing Market Expands USD 507.89 Bn by 2034

Medical Device Outsourcing Market Growth Accelerates in 2025 North America & Asia Pacific at the Forefront

Projections indicate that, the global medical device outsourcing market will increase from USD 160.3 billion in 2024 to USD 507.89 billion by 2034, experiencing a CAGR of 12.65% over the next 10 years. With growing demand for medical equipment due to rising cases of chronic conditions and a geriatric population, the medical device outsourcing market is witnessing rapid growth. North America is hosting the dominating market due to the presence of advanced infrastructure and growing collaboration among key market players.

Content

  • Insight Code: 5912
  • 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

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.

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FAQ's

The medical device outsourcing market is projected to reach USD 507.89 billion by 2034, growing at a CAGR of 12.65% from 2024 to 2034.

Asia Pacific is currently leading the medical device outsourcing market due to rising cases of chronic conditions and growing investments by government organizations.

The medical device outsourcing market includes 4 segments such as by service, by application, by class, and by region.

An effective medical device go-to-market strategy must have four key components a well-defined value proposition, a deep understanding of your target market and their needs, knowledge about the competitors, and established distribution channels.

Depending on the complexity of the product, the regulatory procedure, and market demands, the time required to bring a medical device to market might vary from three to seven years.

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