Medical Device Outsourcing Market Size

Medical Device Outsourcing Market size was valued at USD 127.4 Billion in 2023 and is poised to grow from USD 142.82 Billion in 2024 to USD 142.82 Billion by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).

With an increasing demand for various types of medical equipment and devices followed by the increasing competition among major outsourcing vendors to provide state-of-the-art medical devices is largely witnessed across the global market. Additionally, the use of automation and artificial intelligence in detecting health disorders is likely to increase the need for medical devices in the healthcare industry. Owing to this, outsourcing vendors in the healthcare industry have gripped various opportunities that have resulted in developing the market substantially.

Furthermore, presence of large manufacturers of original equipment and subcontractors mainly in developed countries including the US, France, Canada, and Japan, are projected to adopt these advanced devices at a high rate earlier than various developing nations. Additionally, major outsourcing companies in the global market are shifting their focus on innovation to launch enhanced and efficient devices to cater to the rising healthcare need across the globe.

US Medical Device Outsourcing Market is poised to grow at a sustainable CAGR for the next forecast year.