Medical device contract manufacturing set to reach $171b on outsourcing surge

By region, Asia-Pacific is emerging as a high-growth region.

The medical device contract manufacturing market size is projected to grow to $171b by 2031, registering a compound annual growth rate of 10.14%.

According to a Mordor Intelligence report, it is being supported by increasing outsourcing of manufacturing operations and rising demand for cost-efficient production capabilities.

The market is further driven by the growing complexity of medical devices, pressure to reduce operational costs, and the need for faster product commercialisation.

By region, Asia-Pacific is emerging as a high-growth region due to expanding manufacturing capabilities and increasing investments in healthcare across countries such as China, India, and Japan.