Medical Device Contract Manufacturing Market By device type (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Orthopedic Devices, Ophthalmology Devices, Diabetes Care Devices, Dental Devices, Endoscopy Devices, Respiratory Care Devices, Surgical Devices, Gynecology/Urology Devices, Personal Care, Neurology Devices and Other Devices), by services type (Device Development and Manufacturing Services and Quality Management Services), by Class of Device (Class I Medical Devices, Class II Medical Devices and Class III Medical Devices) and by Region, Global trends and forecast from 2019 to 2028 exactitudeconsultancy.com

From 2019 to 2028, the market for medical device contract manufacturing is anticipated to expand at a 12.3 percent CAGR. It is anticipated to increase from USD 57 billion in 2019 to over USD 160 billion by 2028.

Overview of the world market

A corporation may outsource the production of a whole product or a single component as part of contract manufacturing. Medical device OEMs (Original Equipment Manufacturers) are businesses that, in general, specialise in a single field of knowledge, such as moulding, assembly, or R&D design. The process by which a manufacturing company creates medical devices or parts for medical devices that can then be sold by another company is known as medical device contract manufacturing.