Medical device outsourcing refers to the use of third-party companies to assist in the manufacturing of medical devices. The shifting tendency of OEMs away from in-house production and toward outsourcing the medical device value chain has fueled market growth. Furthermore, medical device outsourcing for R&D efforts to manufacture high-quality medical devices is boosting market growth. Furthermore, an ageing population that is more susceptible to chronic diseases, skyrocketing demand for technologically improved products, tight rules for market approval, and accelerated market entrance  for breakthrough devices are all contributing to considerable market growth. Furthermore, increased strategic activities such as collaboration and merger and acquisition among CROs and OEMs have augmented the medical device outsourcing market.Medical Device Outsourcing Market was valued at US$ 129 billion in 2024 and is projected to grow at a CAGR of 12.9% to reach US$ 390.9 billion by 2034.

Region Analysis:

North America dominates the global market due to the region's increased incidence of renal disorders, improved diagnostics, rising per capita health care spending, and high disposable income. ESRD affects around 96,000 persons in the United States. Due to the growing elderly population, increasing frequency of renal disorders, and rising adoption of innovative products to treat chronic kidney conditions, Europe is predicted to be the second-largest market. Because of the existence of expanding economies, rising health-care expenditures, and a constantly growing population, Asia Pacific is seen as an emerging market for dialyzers.

Key Highlight:

• Nipro Corporation purchased Venari Medical in November 2020. Nipro obtained the sales rights to Venari Medical's vascular therapy devices through the acquisition.
• Copernicus was bought by Nemera in October 2020 in order to create a patient-centric drug device combo solution company.

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Key Market Insights from the report:

Medical Device Outsourcing Market was valued at US$ 129 billion in 2024 and is projected to grow at a CAGR of 12.9% to reach US$ 390.9 billion by 2034. The Global Medical Device Outsourcing Market report segments the market on the basis of type, application, service and region.

• Based on Type, Global Medical Device Outsourcing Market is segmented into Product (Raw Materials, Electronics, and Finished Goods), Device Type (Class I, II, and III Devices).   
• Based on Application, Global Medical Device Outsourcing Market is segmented into Orthopedic & Spine, Cardiovascular, Radiology, and General Medical Devices.
• Based on Service, Global Medical Device Outsourcing Market is segmented into Prototype Development, Finished Device Manufacturing, Assembly & Packaging, and Testing & Regulatory Support Services.
• By Region, the Global Medical Device Outsourcing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Medical Device Outsourcing Market:

The key players operating in the Global Medical Device Outsourcing Market includes SGS SA, Intertek Group PLC, Wuxi Apptec, TüvSüd AG, Toxikon, INC., American Preclinical Services, Eurofins Scientific, Sterigenics International LLC, Pace Analytical Services LLC., Charles River Laboratories International, Inc., North American Science Associates, Inc., IQVIA, Accellent Inc., Celestica Inc., Benchmark Electronic Inc., Cadence Inc., Providien LLC, Thermo Fischer Scientific Inc., and West Pharmaceuticals Services Inc.

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