Medical Device Design and Development Services Market - Services (Designing, Engineering, Machining, Moulding, Packaging), Device Type (Drug Delivery, Imaging, Cardiovascular, Diagnostics, Surgical), Application, End-use, Global Forecast (2024

Description

Medical device design and development services market size will register 13.4% CAGR between 2024 and 2032 driven by the increasing demand for innovative medical technologies and devices to address complex healthcare challenges. Lately, medical device companies and healthcare providers are increasingly relying on specialized designs and development services to conceptualize, prototype, and bring new products. These services also offer expertise in areas, such as biomedical engineering, regulatory compliance, and usability testing while ensuring that medical devices meet the stringent quality standards and regulatory requirements.

The growing prevalence of chronic diseases and the aging population worldwide will also influence the market growth. As per WHO, chronic diseases cause 41 million deaths annually, accounting for 74% of all global fatalities. There is also rising need for advanced medical devices to improve patient outcomes, enhance diagnostic accuracy, and streamline healthcare delivery. Design and development services are also helping in creating customized solutions tailored to specific medical needs, ranging from wearable devices and surgical instruments to diagnostic imaging equipment.

The industry is classified into service, device type, application, end-use and region.

Based on service, the medical device design and development services market size from the machining segment is slated to record strong growth rate through 2032. This is led by the rising need for providing essential precision manufacturing capabilities tailored to the stringent requirements of medical devices. Machining services provide the ability to produce intricate components with high precision and quality, crucial for devices, such as surgical instruments to implantable devices.

Medical device design and development services market from the biotechnology companies end-use segment is projected to observe a substantial CAGR during 2024-2032. The growth is influenced by the robust demand for specialized expertise in integrating biotechnological advancements into medical device innovation. Biotechnology firms are also collaborating with design and development services to create sophisticated medical devices that leverage biological materials, genetic insights, and molecular technologies.

Asia Pacific medical device design and development services industry will witness robust growth rate between 2024 and 2032. This is attributed to the increasing investments in healthcare infrastructure and R&D by governments and private sector entities across countries like China, Japan, and India. The presence of a large and diverse patient population, which creates opportunities for the customization and localization of medical devices to meet the specific healthcare needs will also stimulate the regional market growth.

Product Code: 9282

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rapid advancements in medical device technologies
  - 3.2.1.2 Increasing demand for medical diagnosis and surgical interventions
  - 3.2.1.3 Increasing investments to outsource medical device designing and development
  - 3.2.1.4 Growing adoption of smart devices and connected medical care
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Stringent regulations and approval process
  - 3.2.2.2 Concerns related to securing market access and reimbursement
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Company matrix analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Services, 2021 - 2032 ($ Mn)

5.1 Key trends
5.2 Designing & engineering
5.3 Machining
5.4 Packaging
5.5 Moulding

Chapter 6 Market Estimates and Forecast, By Device Type, 2021 - 2032 ($ Mn)

6.1 Key trends
6.2 Drug delivery devices
- 6.2.1 Infusion pumps
- 6.2.2 Autoinjectors
- 6.2.3 Prefilled syringes
- 6.2.4 Inhalers
- 6.2.5 Transdermal patches
- 6.2.6 Nebulizers
- 6.2.7 Nasal spray
- 6.2.8 Intrauterine devices (IUDs)
6.3 Imaging devices
- 6.3.1 CT scanners
- 6.3.2 MRI scanners
- 6.3.3 X-ray
- 6.3.4 Ultrasound
- 6.3.5 Nuclear imaging scanners
6.4 Cardiovascular devices
- 6.4.1 Pacemakers
- 6.4.2 Implantable cardioverter defibrillators (ICDs)
- 6.4.3 ECMO systems
- 6.4.4 Ventricular assist devices
- 6.4.5 Total artificial hearts
- 6.4.6 Cardiac loop recorders
- 6.4.7 Holter monitors
- 6.4.8 Event monitors
- 6.4.9 Consumables
6.5 POC diagnostic equipment
- 6.5.1 Blood glucose monitor
- 6.5.2 Blood pressure monitor
- 6.5.3 Blood analyzer
- 6.5.4 Coagulation testing Kit
- 6.5.5 Cardiac markers test
- 6.5.6 Infectious diseases testing
- 6.5.7 Hb1Ac testing
- 6.5.8 Pregnancy test kit
- 6.5.9 Thyroid stimulating hormone test
- 6.5.10 Other diagnostic equipment
6.6 Orthopedic devices
- 6.6.1 Orthopedic navigation systems
- 6.6.2 Prosthetics
- 6.6.3 Other orthopedic devices
6.7 Surgical devices
- 6.7.1 Surgical robots
- 6.7.2 Other surgical devices
6.8 Dental devices
6.9 Sleep & respiratory devices
- 6.9.1 Positive airway pressure (PAP) devices
- 6.9.2 Ventilators
- 6.9.3 Oxygen concentrators
- 6.9.4 Other sleep & respiratory devices
6.10 Ophthalmology devices
- 6.10.1 Optical coherence tomography
- 6.10.2 Slit lamps
- 6.10.3 Fundus cameras
- 6.10.4 Corneal topography systems
- 6.10.5 Other ophthalmology devices
6.11 Endoscopy
6.12 Diabetes care
6.13 Neurostimulators
- 6.13.1 Deep brain stimulators
- 6.13.2 Spinal cord stimulators
- 6.13.3 Other neurostimulators
6.14 Cochlear implants
6.15 Other medical devices

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)

7.1 Key trends
7.2 Treatment
7.3 Diagnostics

Chapter 8 Market Estimates and Forecast, By End-Use, 2021 - 2032 ($ Mn)

8.1 Key trends
8.2 Medical device companies
8.3 Biotechnology companies

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Netherlands
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 Middle East and Africa
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa

Chapter 10 Company Profiles

10.1 Aran Biomedical
10.2 Cambridge Design Partnership Ltd
10.3 Celestica, Inc.
10.4 Cirtec
10.5 DeviceLAb Inc.
10.6 Donatelle
10.7 Flex Ltd.
10.8 Integer Holdings Corporation
10.9 Jabil, Inc.
10.10 Nordson Corporation
10.11 Planet Innovation
10.12 Plexus Corporation
10.13 Sanmina Corporation
10.14 StarFish Product Engineering Inc.
10.15 Veranex, Inc. (Ximedica)

Medical Device Design and Development Services Market - Services (Designing, Engineering, Machining, Moulding, Packaging), Device Type (Drug Delivery, Imaging, Cardiovascular, Diagnostics, Surgical), Application, End-use, Global Forecast (2024 - 2032)