Therapeutic Device Contract Manufacturing Market Size is valued at US$ 55.2 Bn in 2024 and is predicted to reach US$ 175.7 Bn by the year 2034 at an 12.6% CAGR during the forecast period for 2025-2034.
Therapeutic device contract manufacturing provides medical device companies with a strategic and capital-efficient production model, eliminating the need for heavy investment in internal manufacturing facilities. This approach is particularly critical for complex, high-risk devices such as pacemakers, insulin pumps, orthopedic implants, and respiratory systems. By partnering with specialized contract manufacturers (CMs), original equipment manufacturers (OEMs) gain access to expert-driven quality control, guaranteed regulatory compliance, and accelerated time-to-market.
The model offers inherent scalability, allowing production to flexibly meet fluctuating global demand. This outsourcing enables device companies to reallocate vital resources and capital toward core competencies like research, development, and commercial expansion, driving innovation in patient care.
The global market for therapeutic device contract manufacturing is experiencing significant growth, propelled by the medical industry's strategic shift towards outsourcing to reduce operational costs and enhance efficiency. This trend is further amplified by the rising global prevalence of chronic diseases and an aging population, which fuels demand for advanced therapeutic devices.
While the market is strong, it faces challenges, including global supply chain vulnerabilities that can disrupt production timelines. Nonetheless, the future outlook is highly positive. Key opportunities lie in the escalating demand for sophisticated, connected medical devices and the expanding adoption of outsourcing, particularly by small and mid-sized innovators, ensuring the market's continued expansion.
Some of the Key Players in Therapeutic Device Contract Manufacturing Market:
The Therapeutic Device Contract Manufacturing market is segmented by Product, Services, Therapeutic Area, and End Use. By Product, the market is segmented into Class I, Class II, and Class III. By Services, the market is segmented into Accessories Manufacturing, Assembly Manufacturing, Component Manufacturing, Device Manufacturing, Packaging and Labeling, and Others. By Therapeutic Area, the market is segmented into Cardiovascular Devices, Orthopedic Devices, Ophthalmic Devices, Respiratory Devices, Surgical Instruments, Dental, and Others. By End Use, the market is segmented into Original Equipment Manufacturers (OEMs), Pharmaceutical & Biopharmaceutical Companies, and Others.
The class II category led the Therapeutic Device Contract Manufacturing market in 2024. This convergence is fueled by the increasing prevalence of moderately complex therapeutic devices such as infusion pumps, diagnostic imaging equipment, and orthopedic devices, which typically fall under Class II classification.
The largest and fastest-growing service is accessories Manufacturing, a trend driven by the high demand for complementary components and add-on devices that support therapeutic devices, such as catheters, tubing sets, connectors, and sensor attachments. For contract manufacturers, these accessories are a consistent source of income because they are necessary for the correct operation and usability of primary treatment equipment. This material appears overly automated.
North America dominated the Therapeutic Device Contract Manufacturing market in 2024. The United States is at the forefront of this expansion. This is due to technological developments and the existence of established healthcare systems. The growing demand for state-of-the-art medical devices, and the growing need for medical device companies to outsource in order to lower operating costs all of which are anticipated to spur efficiency, innovation, and save money for research and development are all responsible for this.
With an increase in healthcare expenditure, these conditions are becoming increasingly common in the Asia-Pacific area. The Therapeutic Device Contract Manufacturing market is expanding at the strongest and fastest rate in this region. Additionally, there is potential for multiple opportunities in the region, primarily in Japan, China, and India. In the Asia Pacific, growth is already expected as the region is seen as one of the most sustainable options for the medical device market expansion. Because of lower costs and the regulatory environment, the region is beginning to emerge as an important step in the supply chain for drug discovery outsourcing activities.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 55.2 Bn |
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Revenue Forecast In 2034 |
USD 175.7 Bn |
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Growth Rate CAGR |
CAGR of 12.6% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product, By Services, By Therapeutic Area, By End Use, and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; Germany; The UK; France; Italy; Spain; Rest of Europe; China; Japan; India; South Korea; Southeast Asia; Rest of Asia Pacific; Brazil; Argentina; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of the Middle East and Africa |
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Competitive Landscape |
Thermo Fisher Scientific Inc., Integer Holdings Corporation, FLEX LTD., Celestica Inc., Phillips-Medisize, Plexus Corp., Nipro Corporation, Viant Technology LLC, West Pharmaceutical Services, Inc., and Synecco Ltd |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Therapeutic Device Contract Manufacturing Market Snapshot
Chapter 4. Global Therapeutic Device Contract Manufacturing Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2025-2034
4.8. Global Therapeutic Device Contract Manufacturing Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.10. Use/impact of AI on Therapeutic Device Contract Manufacturing Market Industry Trends
Chapter 5. Therapeutic Device Contract Manufacturing Market Segmentation 1: By Product, Estimates & Trend Analysis
5.1. Market Share by Product, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product:
5.2.1. Class I
5.2.2. Class II
5.2.3. Class III
Chapter 6. Therapeutic Device Contract Manufacturing Market Segmentation 2: By Services, Estimates &
Trend Analysis
6.1. Market Share by Services, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following
Services:
6.2.1. Accessories Manufacturing
6.2.2. Assembly Manufacturing
6.2.3. Component Manufacturing
6.2.4. Device Manufacturing
6.2.5. Packaging and Labeling
6.2.6. Others
Chapter 7. Therapeutic Device Contract Manufacturing Market Segmentation 3: By End-use, Estimates & Trend Analysis
7.1. Market Share by End-use, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following End-use:
7.2.1. Original Equipment Manufacturers (OEMs)
7.2.2. Pharmaceutical & Biopharmaceutical Companies
7.2.3. Others
Chapter 8. Therapeutic Device Contract Manufacturing Market Segmentation 4: By Therapeutic Area, Estimates & Trend Analysis
8.1. Market Share by Therapeutic Area, 2024 & 2034
8.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Therapeutic Area:
8.2.1. Cardiovascular Devices
8.2.2. Orthopedic Devices
8.2.3. Ophthalmic Devices
8.2.4. Respiratory Devices
8.2.5. Surgical Instruments
8.2.6. Dental
8.2.7. Others
Chapter 9. Therapeutic Device Contract Manufacturing Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Therapeutic Device Contract Manufacturing Market, Regional Snapshot 2024 & 2034
9.2. North America
9.2.1. North America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
9.2.3. North America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Services, 2021-2034
9.2.4. North America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by End-use, 2021-2034
9.2.5. North America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Therapeutic Area, 2021-2034
9.3. Europe
9.3.1. Europe Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
9.3.3. Europe Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Services, 2021-2034
9.3.4. Europe Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by End-use, 2021-2034
9.3.5. Europe Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Therapeutic Area, 2021-2034
9.4. Asia Pacific
9.4.1. Asia Pacific Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
9.4.3. Asia Pacific Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Services, 2021-2034
9.4.4. Asia Pacific Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by End-use, 2021-2034
9.4.5. Asia Pacific Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Therapeutic Area, 2021-2034
9.5. Latin America
9.5.1. Latin America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
9.5.3. Latin America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Services, 2021-2034
9.5.4. Latin America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by End-use, 2021-2034
9.5.5. Latin America Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Therapeutic Area, 2021-2034
9.6. Middle East & Africa
9.6.1. Middle East & Africa Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by country, 2021-2034
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
9.6.3. Middle East & Africa Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Services, 2021-2034
9.6.4. Middle East & Africa Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by End-use, 2021-2034
9.6.5. Middle East & Africa Therapeutic Device Contract Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts by Therapeutic Area, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Thermo Fisher Scientific Inc
10.2.1.1. Business Overview
10.2.1.2. Key Product/Service
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.2. Integer Holdings Corporation
10.2.3. FLEX LTD.
10.2.4. Celestica Inc.
10.2.5. Phillips-Medisize
10.2.6. Plexus Corp.
10.2.7. Nipro Corporation
10.2.8. Viant Technology LLC
10.2.9. West Pharmaceutical Services, Inc.
10.2.10. Synecco Ltd
Therapeutic Device Contract Manufacturing Market by Product-
· Class I
· Class II
· Class III
.webp "Therapeutic Device Contract Manufacturing Market Seg")
Therapeutic Device Contract Manufacturing Market by Services-
· Accessories Manufacturing
· Assembly Manufacturing
· Component Manufacturing
· Device Manufacturing
· Packaging and Labeling
· Others
Therapeutic Device Contract Manufacturing Market by Therapeutic Area-
· Cardiovascular Devices
· Orthopedic Devices
· Ophthalmic Devices
· Respiratory Devices
· Surgical Instruments
· Dental
· Others
Therapeutic Device Contract Manufacturing Market by End Use-
· Original Equipment Manufacturers (OEMs)
· Pharmaceutical & Biopharmaceutical Companies
· Others
Therapeutic Device Contract Manufacturing Market by Region-
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
