Medical Device Outsourcing Market

Global Medical Device Outsourcing Market Research Report: By Product (Finished goods, Electronics, Raw Materials), By Device Type (Class I Devices, Class II Devices, Class III Devices), By Application (Orthopedics and Spine, Cardiovascular, Radiology, General Medical Devices, Others), By Services (Prototype Development, Finished Device Manufacturing, Assembly & Packaging, Testing & Regulatory Support Services), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Medical Devices | January 2024 | Report ID: EMR00435 | Pages: 301

The global medical device outsourcing market was valued at USD 116.21 billion in 2023 and is estimated to reach approximately USD 260.51 billion by 2031, at a CAGR of 12.24% from 2024 to 2032.

Medical device outsourcing is the practice of engaging external organizations or service providers to execute various tasks or services associated with medical device development, manufacturing, regulatory compliance, testing, and other areas of production. This outsourcing model allows medical device companies to leverage the expertise and capabilities of specialized third-party organizations, often referred to as contract service providers or contract manufacturing organizations.




Report Attribute


Estimated Market Value (2023)

USD 116.21 Billion

Projected Market Value (2032)

USD 260.51 Billion

Base Year


Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Device Type, By Application, By Services& Region

Segments Covered

By Product, By Device Type, By Application, By Services& Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Medical Device Outsourcing Market Drivers:

  • Growing prevalence of chronic disorders

The rising prevalence of chronic diseases such as cancer drives market expansion. The sedimentary lifestyle of the population contributes to the high occurrence of chronic illnesses. The majority of the problems stem from inactivity and smoking. Each year, 41 million individuals die from noncommunicable diseases. Cardiovascular problems are the most frequent chronic ailments, killing 17.9 persons each year. The most prevalent types of cancer in men include oral cavity, lip, stomach, lung, esophagus, and colorectal. Females, on the other hand, can get lung, oral cavity, breast, lip, cervix, and gastric cancer. Moreover, the increasing need for innovative therapeutics, combined with technical improvements in medical instruments to address unmet needs in the healthcare industry. Furthermore, the growing requirement to expand product portfolios through innovations and ongoing research and development (R&D) investments.



  • Growing use of Interventional Medical Devices

The increased use of Interventional Medical Devices (IMDs) is an opportunity for market expansion. Additionally, growing healthcare costs and technology improvements. The expanding internationalization of both major and small medical instrument manufacturers, as well as the increasing complexity of medical devices, are expected. Furthermore, the increasing incidence of many CAD risk factors, such as smoking, poor diets, and unhealthy lifestyles, is likely to drive global market expansion throughout the forecast period.



  • The lack of skilled labour

The increased availability of service alternatives, as well as compliance difficulties with outsourcing, are limiting industry expansion. Furthermore, regulatory and legal compliance and shortage of skilled labor, are expected to hamper market expansion. The increased costs for new product development and patient care offerings are also impeding industry expansion.


Segment Overview

  • By Product

Based on product, the global medical device outsourcing market is classified into finished goods, electronics, and raw materials. The finished goods segment dominated the market in 2023 and is expected to dominating during the medical device outsourcing market in forecast period, due to increase in disease prevalence, life expectancy, and the geriatric population.

  • By Device Type

Based on device type, the global medical device outsourcing market is divided into class I devices, class II devices, class III devices. The class II devices segment dominated the global medical device outsourcing market in 2023. This is attributed to increasing demand of class II devices for surgical instruments and test kits. In addition, class II devices such as catheters, syringes, surgical gloves, blood pressure cuffs, pregnancy test kits, contact lenses, and blood transfusion kits. These devices pose a higher danger than Class I devices because they must be in constant touch with patients.

  • By Application

Based on application, the global medical device outsourcing market is fragmented into orthopedics and spine, cardiovascular, radiology, general medical devices, others. The cardiovascular segment dominated the medical device outsourcing market with the largest revenue share in 2023. This due to increasing demand of medical device outsourcing for cardiovascular. According to WHO, 17.9 billion people died due to cardiovascular disease in 2019, representing 32% of all global deaths. Angina pectoris, myocardial infarction, hypertension, rheumatic heart disease, atrial fibrillation, and congenital heart disease are all common disorders. The rising global prevalence of CVDs drives up demand for cardiovascular devices.

  • By Services

Based on services, the global medical device outsourcing market is segmented into prototype development, finished device manufacturing, assembly & packaging, testing & regulatory support services. The finished device manufacturing segment dominated the medical device outsourcing market in 2023, owing to unprecedented demand for technical support pertaining to raw material and finished product testing. Moreover, medical device makers are outsourcing quality management services to medical device consulting firms in order to assure compliance and deliver high-quality components alongside safe and effective finished medical products.


Global Medical Device Outsourcing Market Overview by Region

Asia Pacific dominated the medical device outsourcing market in 2023. This is attributed to the presence of industry players and competitive pricing are two more variables that are expected to boost this regional market. Additionally, rising demand for medical devices due to an expanding patient population suffering from chronic and infectious diseases is driving market expansion in this area. For instance, during the first wave of COVID-19, there was an increased demand in India for CT scanners to identify pneumonia. Furthermore, low cost of products and labor for manufacturing in the region. As a result, increasing demand of this medical device outsourcing market in this region.



Global Medical Device Outsourcing Competitive Landscape

In the global medical device outsourcing market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global medical device outsourcing market include SGS SA , TOXIKON, Pace Analytical, Intertek Group plc, WuXi AppTec, North American Science Associates, Inc., American Preclinical Services, LLC., Sterigenics U.S., LLC – A Sotera Health company, Charles River Laboratories, Celestica Inc., Creganna, FLEX LTD., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., Plexus Corp., Sanmina Corporation, EUROFINS SCIENTIFIC, TE Connectivity, ICON plc, Parexel International Corporation, Labcorp Drug Development, Tecomet, Inc., IQVIA, Jabil Inc. Syneos Health, PROVIDIEN LLC., and others.


Global Medical Device Outsourcing Recent Developments

  • In July 2021, BREATHE and IQVIA has collaborated to accelerate the early diagnosis and treatment of respiratory conditions. This strategic step of working together to improve health outcomes and quality of life for people living with respiratory conditions in the U.K. would ramp up the market.
  • In December 2021, Laboratory Corporation of America Holdings, a life sciences company, has broadened its service portfolio through the acquisition of Toxikon Inc., a contract research organization (CRO). This strategic move enables LabCorp to offer testing services for a diverse range of industries, including medical devices and pharmaceuticals.
  • In December 2021, the MODULAR ATP clinical trial was initiated by Boston Scientific Corporation to assess the effectiveness, trustability, and efficacity of the mCRM modular therapy system.


Scope of the Global Medical Device Outsourcing Market Report

Medical Device Outsourcing Market Report Segmentation



By Product

  • Finished goods
  • Electronics
  • Raw Materials

By Device Type

  • Class I Devices
  • Class II Devices
  • Class III Devices

By Application

  • Orthopedics and Spine
  • Cardiovascular
  • Radiology
  • General Medical Devices
  • Others

By Services

  • Prototype Development
  • Finished Device Manufacturing
  • Assembly & Packaging
  • Testing & Regulatory Support Services

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Medical Device Outsourcing Market Size and Forecast:
  • To identify and estimate the market size for the global medical device outsourcing market segmented by lesion site, by application, by product shape, by end user& region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of medical device outsourcing between 2020 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global medical device outsourcing market
  • Market Influencing Factors: To find out the factors which are affecting the sales of medical device outsourcing among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global medical device outsourcing market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global medical device outsourcing market forecast period is 2024 - 2032.
According to medical device outsourcing market research, the market is expected to grow at a CAGR of 12.24% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2024 - 2032
Asia-Pacific held the largest share in 2023.
The major players operating in the global medical device outsourcing market include SGS SA , TOXIKON, Pace Analytical, Intertek Group plc, WuXi AppTec, North American Science Associates, Inc., American Preclinical Services, LLC., Sterigenics U.S., LLC A Sotera Health company, Charles River Laboratories, Celestica Inc., Creganna, FLEX LTD., Heraeus Holding, Integer Holdings Corporation, Nortech Systems, Inc., Plexus Corp., Sanmina Corporation, EUROFINS SCIENTIFIC, TE Connectivity, ICON plc, Parexel International Corporation, Labcorp Drug Development, Tecomet, Inc., IQVIA, Jabil Inc. Syneos Health, PROVIDIEN LLC., and others.