Global Medical Device Outsourcing Market Size & Outlook
Global medical device outsourcing market, 2018-2030 (US$M)
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Global medical device outsourcing market highlights
- The global medical device outsourcing market generated a revenue of USD 117,473.4 million in 2022 and is expected to reach USD 292,926.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 12.1% by 2030.
- In terms of segment, contract manufacturing accounted for a revenue of USD 64,292.3 million in 2022.
- Quality Assurance is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 117,473.4 million |
| Market revenue in 2030 | USD 292,926.3 million |
| Growth rate | 12.1% (CAGR from 2022 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Quality Assurance |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing & Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, Contract Manufacturing |
Other key industry trends
- In terms of revenue, the North America accounted for 24.7% of the global medical device outsourcing market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 30,665.3 million by 2030.
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Medical Device Outsourcing Market Scope
Medical Device Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical device outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device outsourcing market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 54.73% in 2022. Horizon Databook has segmented the Global medical device outsourcing market based on quality assurance, regulatory affairs services, product design and development services, product testing & sterilization services, product implementation services, product upgrade services, product maintenance services, contract manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
These regulatory changes along with various other changes in respective countries to harmonize the registration and market access process is expected to propel the growth of medical device outsourcing market across the globe.
Amendments in ISO standards is expected to boost the demand for quality assurance and regulatory affairs service providers in the U.S and European region as Small and Medium-sized Enterprises (SME) would require third-party assistance for compliance with new ISO standards.
Subcontractors and Original Equipment Manufacturers (OEM) in developed countries like the U.S, Canada, Japan, and EU countries are expected to adopt these new standards earlier than those in the developing countries.
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Target buyers of Global medical device outsourcing market databook
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Our clientele includes a mix of medical device outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global medical device outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical device outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical device outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical device outsourcing market size, 2022 (US$M)
Global medical device outsourcing market share, by service, 2022 & 2030 (%, US$M)
Medical device outsourcing market: Opportunity assessment by country
Global medical device outsourcing market, by region, 2022 (US$M)
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