Global Medical Device Design And Development Services Market Size & Outlook
The medical device design and development services industry worldwide is expected to reach a projected revenue of US$ 24,092.3 million by 2030. A compound annual growth rate of 12.9% is expected of the worldwide medical device design and development services industry from 2024 to 2030.
Revenue, 2023 (US$M)
$10,332.2
Forecast, 2030 (US$M)
$24,092.3
CAGR, 2024 - 2030
12.9%
Report Coverage
Worldwide
Global medical device design and development services market, 2018-2030 (US$M)
Related Markets
Global medical device design and development services market highlights
- The global medical device design and development services market generated a revenue of USD 10,332.2 million in 2023 and is expected to reach USD 24,092.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.9% by 2030.
- In terms of segment, designing & engineering accounted for a revenue of USD 3,964.9 million in 2023.
- Packaging is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,332.2 million |
| Market revenue in 2030 | USD 24,092.3 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Designing & engineering |
| Fastest growing segment | Packaging |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Designing & Engineering, Machining, Molding, Packaging |
Other key industry trends
- In terms of revenue, the North America accounted for 25.1% of the global medical device design and development services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 86.7 million by 2030.
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Medical Device Design And Development Services Market Scope
Medical device design and development services market segmentation & scope
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Medical Device Design And Development Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical device design and development services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical device design and development services market size, 2023 (US$M)
Global medical device design and development services market share, by services, 2023 & 2030 (%, US$M)
Medical device design and development services market: Opportunity assessment by country
Global medical device design and development services market, by region, 2023 (US$M)
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