Diagnostic Contract Manufacturing Market Size is valued at USD 25.7 Bn in 2023 and is predicted to reach USD 57.9 Bn by the year 2031 at a 10.78% CAGR during the forecast period for 2024-2031.
Diagnostic contract manufacturing is a vital element of the diagnostics supply chain, providing customized solutions that allow diagnostic organizations to allocate more resources towards product innovation and market growth, all the while capitalizing on specialized manufacturing proficiency. In the diagnostics industry, it is common practice to streamline procedures and tap into the expertise of particular manufacturers. There are several benefits of IVD contract manufacturing.
Diagnostic companies can profit from efficient and cost-effective production while focusing on R&D, marketing, and other key skills by outsourcing to specialized manufacturers. Production costs, operational efficiency, and the time it takes to bring new diagnostic equipment to market might all be improved with this strategy. Companies can access global markets through contract manufacturers, who are already established, and save considerably by investing in infrastructure. Furthermore, innovations in in vitro diagnostics are driving the market forward.
However, the market growth is hampered by the technical issues criteria for the safety and health of the diagnostic contract manufacturing market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high diagnostic contract manufacturing because of issues with intellectual property and the complexity of customizing products. Intellectual property protection becomes more difficult when diagnostic contract businesses and contract manufacturers work together because of the sharing of confidential information and technology. A lack of open collaboration could affect IVD companies' desire to engage in outsourcing partnerships because there are worries regarding the safety of data and the possibility of unlawful exploitation of novel diagnostic technologies. The market for in-vitro diagnostics has been affected in different ways by the COVID-19 epidemic. Even though the pandemic immediately hampered research and laboratory operations, it ultimately brought attention to the need for RNA-based research and therapies.
The diagnostic contract manufacturing market is segmented based on device, service and application. The Device segment comprises In Vitro Diagnostic Devices (IVD Consumables, IVD Equipment), Diagnostic Imaging Devices (X-ray, CT scan, Ultrasound, MRI, Others), and Other Devices. Whereas, By Service, the market is segmented as Device Development & Manufacturing, Quality Management, and Packaging & Assembly. The Application segment includes In Vitro Diagnostic Devices (Infectious Diseases, Diabetes, Oncology, Cardiology, Others), Diagnostic Imaging Devices (Cardiology, Neurology, Orthopedics, Oncology, Others), and Other Devices (Gastroenterology, Gynecology, Others).
The in vitro diagnostic devices diagnostic contract manufacturing market is expected to lead with a major global market share in 2023. In vitro diagnostic procedures involve the examination of a patient's blood or tissue samples. They help monitor the patient's vitals and are utilized for precise diagnostic testing of illnesses and other underlying conditions. Each patient's best course of treatment can be better determined with the help of these diagnostic tests. With the rise in both acute and chronic disorders continuing to rise, the in vitro diagnostics business is seeing rapid growth.
The quality management industry uses the bulk of acrylic acid ester usage because, with the support of a quality management system (QMS), customers may be confident that their needs will be fully addressed, if not surpassed. In order to optimize operations, reduce waste, and identify and eliminate process inefficiencies, a corporation should develop a quality management system, especially in countries like the US, Germany, the UK, China, and India.
The Asia Pacific diagnostic contract manufacturing market is expected to register the large market share in revenue in the near future. It can be attributed to increasing supportive government policies and a robust diagnostic system. In addition, North America is projected to grow rapidly in the global diagnostic contract manufacturing market because of the improvement of healthcare facilities and the increasing presence of many target groups in this region.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 25.7 Bn |
| Revenue Forecast In 2031 | USD 57.9 Bn |
| Growth Rate CAGR | CAGR of 10.78% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Device, Services, And Application |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
| Competitive Landscape | Jabil Inc., Flex Ltd., Plexus Corp, Sanmina Corporation, TE Connectivity Ltd., Celestica Inc., Integer Holdings Corporation, Nipro Medical Corporation, Thermo Fisher Scientific, West Pharmaceutical Services, Inc., Benchmark Electronics Inc., Kimball Electronics Inc., KMC Systems Savyon Diagnostics, Nova Biomedical, Cenogenic Corporation, Cone Bioproducts, Avioq Inc., Philips-Medisize Corporation, Invetech, Meridian Bioscience, Inc., Nolato AB, Fujirebio, Sekisui Prestige Diagnostics, Biokit, Other Market Players |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Diagnostic Contract Manufacturing Market By Device-
Diagnostic Contract Manufacturing Market By Service-
Diagnostic Contract Manufacturing Market By Application-
Diagnostic Contract Manufacturing Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.