Medical Device Contract Manufacturing Market Size

Global Medical Device Contract Manufacturing market size was valued at USD 70.83 Billion in 2023 and is poised to grow from USD 78.90 Billion in 2024 to USD 187.15 Billion by 2032, growing at a CAGR of 11.40% in the forecast period (2025-2032).

The medical device contract manufacturing market for medical devices is experiencing robust growth, driven by increased demand for the medical devices and technological advancements in the market has shown resilience and recovery, with a significant increase in the outsourcing of medical devices. The increase is driven by higher demand for devices such as ventilators and IVD-related products, putting companies in touch with contractors for their expertise and capabilities. The medical device contract manufacturing market with its diverse range of devices and product lines drives the demand for contract manufacturing services.

Companies that do not have in-house manufacturing facilities are turning to more contract manufacturers, fueling market growth. The initiatives taken to widen the acceptance and usage of medical devices across the globe, such as new regulatory framework and strategic approach also contribute to the market expansion. The in vitro diagnostic (IVD) device segment is poised to hold a significant share of the market demand for providing point-of-care devices is increasing. The market is driven by accessibility and expansion by key market players in North America, especially the US, as a key contributor to the market.

How is Additive manufacturing (3D printing) Technology bringing Transformation in the Market?

Additive manufacturing (3D printing) technology is transforming the market dynamics. This technology allows for faster and cost-effective production of devices having complex geometries. They also make the design more flexible, quicken prototyping process, and reduce time-to-market. All of these are critical factors for OEMs and healthcare providers. University Hospital Basel, for example, use of 3D Systems’ EXT 220 MED printer to manufacture a customized, MDR-compliant PEEK facial implant in March 2025. This underlines the technology’s potential to bring about transformation in the market globally.