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The global medical device outsourcing market was valued at USD 97.73 billion in 2022, growing at a CAGR of 12.57% from 2023 to 2032. The market is expected to reach USD 319.35 billion by 2032. The changing regulatory landscape, rising demand for advanced products, and increased offshoring of medical device manufacturing to emerging countries propel market growth.
Medical device contract manufacturing is where a MedTech firm that owns the idea outsources manufacturing to another medical instrument manufacturing firm. The core goals for which medical instrument companies outsource manufacturing include device upgrades, cost optimization, regulatory guidance or expansion. Medical device outsourcing helps both the supply chain and manufacturers. It permits device makers to focus on primary operations like marketing & product innovation.
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The rising prevalence of chronic disorders: The increasing prevalence of chronic disorders like cancer is the driving factor of the market growth. Further, the most common types of cancer in males include the oral cavity, lip, stomach, lung, oesophagus, and colorectal. In contrast, it includes the lung, oral cavity, breast, lip, cervix, and gastric cancers in females. Also, the growing demand for innovative therapies coupled with the technological advancements in medical instruments to overcome the unmet needs in the healthcare sector are expected to propel the market growth. Moreover, the rising need to raise product portfolios via innovations & constant research and development (R&D) investments drive market growth.
The lack of skilled labour: The increase in service alternatives & compliance issues with outsourcing is the restraining factor of the market growth. Further, regulatory and legal compliance and a lack of skilled labour are anticipated to hamper the market growth. The raised expenditures for new product development & patient service offerings are also hindering the market growth.
The rise in the use of Interventional Medical Devices (IMDs): The rise in the use of Interventional Medical Devices (IMDs) is an opportunity factor for market growth. Further, the rising healthcare expenditures and technological advancements are expected to drive market growth. Additionally, the increasing globalization of large and small medical instrument manufacturers and the growing complexity of medical devices are helping to boost market growth during the forecast period. Moreover, the growing prevalence of several CAD risk factors, like smoking, poor diets, and unhealthy lifestyles, are expected to propel the market growth in the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most significant global medical device outsourcing market, with a 46.23% market revenue share in 2022. The government initiatives encouraging domestic manufacturing are expected to propel market growth in this region. Moreover, the increasing demand for new technology and advancement in healthcare infrastructure are expected to drive market growth in this region. The low labour cost and improvement in technical knowledge are also propelling the market growth over the forecast period. However, the increase in the geriatric population and the development of cardiac health management technology in Asian countries are helping to stimulate market growth. The North American region will account for the largest market share with revenue growth. This growth is attributed to the existence of the technologically advanced electronic sector. The presence of key companies and competitive pricing are expected to propel market growth over the forecast period. The increasing capital expenditure on healthcare, the availability of low-cost labour, and less-expensive infrastructure compared to other developed countries is expected to drive market growth in this region over the forecast period.
Asia Pacific Region Medical Device Outsourcing Market Share in 2022 - 46.23%
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The application segment is divided into orthopedics and spine, cardiology, diagnostics, IVD, general medical devices, dentistry, and ophthalmology. The cardiology segment dominated the market, with a share of around 27.12% in 2022. This growth is attributed to the high prevalence of conditions, such as hypertensive heart disease, angina pectoris, myocardial infarction, atrial fibrillation, rheumatic heart disease, and congenital heart disease.
The type segment is divided into electronics, finished goods, contract manufacturing, and raw materials. The contract manufacturing segment dominated the market, with a market share of around 31.18% in 2022. This growth is attributed to the increasing expenses of developing healthcare infrastructure.
The services segment is divided into regulatory affairs, product design & development, supply chain management, and quality management. The quality management segment dominated the market, with a market share of around 33.19% in 2022. This growth is attributed to the accuracy of patient data determining an efficient reimbursement delivery or the full and final financial settlement. Further, the regulatory affairs segment is anticipated to dominate the market in the forthcoming years due to the increasing demand for advanced medical devices and new technological advancements in medical devices.
The end-user segment is divided into hospitals and clinics, medical device companies, and research institutes. The medical device companies segment dominated the market, with a market share of around 45.13% in 2022. This growth is attributed to medical technology companies' increasing investment in research & development (R&D) activity to develop new and advanced medical devices. The hospitals and clinics segment is anticipated to dominate the market in the forthcoming years due to the expansion in demand for specialized services and the necessity for streamlined management of non-core activities.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 97.73 Billion |
| Market size value in 2032 | USD 319.35 Billion |
| CAGR (2023 to 2032) | 12.57% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Application, Type, Services, End-User |
Asia Pacific region emerged as the largest market for medical device outsourcing.
The market's growth will be influenced by the rising prevalence of chronic disorders.
The security threat of confidential data could hamper the market growth.
The rise in the use of Interventional Medical Devices (IMDs) will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Services
4.3.4. Market Attractiveness Analysis By End-User
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The rising prevalence of chronic disorders
5.2.2. The mounting need for quality healthcare services
5.3. Restraints
5.3.1. The lack of skilled labour
5.3.2. The security threat of confidential data
5.4. Opportunities
5.4.1. The rise in the use of Interventional Medical Devices (IMDs)
5.4.2. The increasing geriatric population
6. Global Medical Device Outsourcing Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Orthopedics and Spine
6.3. Cardiology
6.4. Diagnostics
6.5. IVD
6.6. General Medical Devices
6.7. Dentistry
6.8. Ophthalmology
7. Global Medical Device Outsourcing Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Electronics
7.3. Finished Goods
7.4. Contract Manufacturing
7.5. Raw Materials
8. Global Medical Device Outsourcing Market Analysis and Forecast, By Services
8.1. Segment Overview
8.2. Regulatory Affairs
8.3. Product Design & Development
8.4. Supply Chain Management
8.5. Quality Management
9. Global Medical Device Outsourcing Market Analysis and Forecast, By End-User
9.1. Segment Overview
9.2. Hospitals and Clinics
9.3. Medical Device Companies
9.4. Research Institutes
10. Global Medical Device Outsourcing Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Medical Device Outsourcing Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Medical Device Outsourcing Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Pace Analytical Services LLC.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Toxikon, INC.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. SGS SA
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Intertek Group PLC.
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Eurofins Scientific
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Sterigenics International LLC
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. North American Science Associates, Inc.
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Tüv Süd AG
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Wuxi Apptec
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Charles River Laboratories International, Inc.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. American Preclinical Services
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
List of Table
1. Global Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
2. Global Orthopedics and Spine, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
3. Global Cardiology, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
4. Global Diagnostics, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
5. Global IVD, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
6. Global General Medical Devices, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
7. Global Dentistry, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
8. Global Ophthalmology, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
9. Global Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
10. Global Electronics, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
11. Global Finished Goods, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
12. Global Contract Manufacturing, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
13. Global Raw Materials, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
14. Global Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
15. Global Regulatory Affairs, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
16. Global Product Design & Development, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
17. Global Supply Chain Management, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
18. Global Quality Management, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
19. Global Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
20. Global Hospitals and Clinics, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
21. Global Medical Device Companies, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
22. Global Research Institutes, Medical Device Outsourcing Market, By Region, 2019-2032 (USD Billion)
23. North America Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
24. North America Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
25. North America Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
26. North America Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
27. U.S. Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
28. U.S. Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
29. U.S. Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
30. U.S. Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
31. Canada Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
32. Canada Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
33. Canada Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
34. Canada Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
35. Mexico Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
36. Mexico Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
37. Mexico Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
38. Mexico Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
39. Europe Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
40. Europe Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
41. Europe Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
42. Europe Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
43. Germany Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
44. Germany Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
45. Germany Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
46. Germany Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
47. France Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
48. France Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
49. France Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
50. France Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
51. U.K. Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
52. U.K. Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
53. U.K. Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
54. U.K. Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
55. Italy Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
56. Italy Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
57. Italy Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
58. Italy Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
59. Spain Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
60. Spain Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
61. Spain Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
62. Spain Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
63. Asia Pacific Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
64. Asia Pacific Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
65. Asia Pacific Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
66. Asia Pacific Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
67. Japan Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
68. Japan Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
69. Japan Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
70. Japan Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
71. China Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
72. China Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
73. China Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
74. China Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
75. India Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
76. India Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
77. India Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
78. India Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
79. South America Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
80. South America Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
81. South America Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
82. South America Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
83. Brazil Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
84. Brazil Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
85. Brazil Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
86. Brazil Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
87. Middle East and Africa Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
88. Middle East and Africa Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
89. Middle East and Africa Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
90. Middle East and Africa Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
91. UAE Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
92. UAE Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
93. UAE Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
94. UAE Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
95. South Africa Medical Device Outsourcing Market, By Application, 2019-2032 (USD Billion)
96. South Africa Medical Device Outsourcing Market, By Type, 2019-2032 (USD Billion)
97. South Africa Medical Device Outsourcing Market, By Services, 2019-2032 (USD Billion)
98. South Africa Medical Device Outsourcing Market, By End-User, 2019-2032 (USD Billion)
List of Figures
1. Global Medical Device Outsourcing Market Segmentation
2. Global Medical Device Outsourcing Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Medical Device Outsourcing Market Attractiveness Analysis By Application
9. Global Medical Device Outsourcing Market Attractiveness Analysis By Type
10. Global Medical Device Outsourcing Market Attractiveness Analysis By Services
11. Global Medical Device Outsourcing Market Attractiveness Analysis By End-User
12. Global Medical Device Outsourcing Market Attractiveness Analysis By Region
13. Global Medical Device Outsourcing Market: Dynamics
14. Global Medical Device Outsourcing Market Share By Application (2023 & 2032)
15. Global Medical Device Outsourcing Market Share By Type (2023 & 2032)
16. Global Medical Device Outsourcing Market Share By Services (2023 & 2032)
17. Global Medical Device Outsourcing Market Share By End-User (2023 & 2032)
18. Global Medical Device Outsourcing Market Share By Regions (2023 & 2032)
19. Global Medical Device Outsourcing Market Share By Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global medical device outsourcing based on below mentioned segments:
Global Medical Device Outsourcing Market by Application:
Global Medical Device Outsourcing Market by Type:
Global Medical Device Outsourcing Market by Services:
Global Medical Device Outsourcing Market by End-User:
Global Medical Device Outsourcing by Region:
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