Medical Device Contract Manufacturing Market

The global Medical Device Contract Manufacturing Market is projected to reach 149.4 billion in 2029 from USD 78.9 billion in 2023, at a CAGR of 11.4% between 2024 and 2029.

The key factors which are driving the growth of the medical device contract manufacturing market includes, low labor costs, traditionally, CDMOs in certain regions, like China, offered significantly lower labor costs compared to developed nations. Increasing demand for medical devices used in geriatric care, increased affordability for medical procedures and devices are some of the factors driving the growth of the market.

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The prominent players in the medical device contract manufacturing market include include Flex Ltd. (Singapore), Jabil Inc. (US), TE Connectivity Ltd. (Switzerland), Sanmina Corporation (US), Nipro Corporation (Japan), Celestica Inc. (Canada), Plexus Corp. (US), Integer Holdings Corporation (US), West Pharmaceutical Services, Inc. (US), Benchmark Electronics Inc. (US), Recipharm AB (Sweden), Gerresheimer AG (Germany), Kimball Electronics Inc. (US), Nortech Systems, Inc. (US), Nemera Development S.A. (France), Viant Medical Holdings, Inc. (US), Tecomet, Inc. (US), SMC Ltd. (US), Phillips-Medisize Corporation (US), Tessy Plastics Corp. (US), Carclo Plc (UK), Nolato GW, Inc. (US), MeHow (China), Tekni-Plex (US), and Peter’s Technology (China).

FLEX LTD. (SINGAPORE)

Flex manufactures a wide range of electronic components and devices for other companies according to their specifications. this encompasses various industries like automotive, communications, consumer, devices, healthcare, industrial, lifestyle. The company has its manufacturing operations in over 30 countries with around 172,000 employees worldwide. The company actively invests in research and development (R&D) to stay at the forefront of medical device manufacturing technologies. This allows them to integrate advanced functionalities into medical devices and develop efficient and cost-effective production processes.

SANMINA CORPORATION (US)

Sanmina Corporation is a leading global provider of electronic manufacturing services (EMS), specializing in designing, manufacturing, and repairing complex electronic and mechanical products for original equipment manufacturers (OEMs). The company operates manufacturing facilities in over 20 countries across 6 continents. The company offers a comprehensive range of services beyond just manufacturing, including design and engineering support, new product introduction (NPI), supply chain management and logistics and after-market services. The company invests heavily in research and development, allowing them to stay at the forefront of technological advancements in the EMS industry.

JABIL, INC. (US)

Jabil Inc. is a global manufacturing services provider that specializes in the design, engineering, and production of a wide range of electronic devices and components. Jabil primarily acts as a Contract Manufacturer (CM) for other companies. They handle the entire production process, from receiving designs and components to assembling, testing, and shipping finished products. This allows their clients to focus on core competencies like product design and marketing. The company operates over 100 facilities across 25 plus countries. This global presence allows them to cater to clients' needs efficiently and adapt to regional market demands.

Related Reports:

Medical Device Contract Manufacturing Market by Device Type (IVD, Cardiovascular, Drug Delivery (Autoinjectors, Infusion Device), Diabetes Care, Orthopedic, Ophthalmology, Endoscopy, Surgical), Device Class (I, II, III), Services -Global Forecast to 2029

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