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Medical Device Design and Development Services Market Share

Report ID: GMI9282
Published Date: Oct 2024
Report Format: PDF

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Medical Device Design and Development Services Market Share

The market features a competitive landscape with major global players and small to medium-sized firms vying for market share. A key strategy within the industry centers on the continuous development of innovative technologies aimed at enhancing device functionality, safety, and regulatory compliance. Leading companies drive advancements by making substantial investments in research and development, focusing on refining design processes, improving prototyping techniques, and ultimately optimizing patient outcomes. Strategic alliances, partnerships, and collaborations are also crucial for strengthening market positions and expanding global reach, especially in response to evolving healthcare standards, the growing demand for personalized medical solutions, and the increasing emphasis on digital health technologies and minimally invasive devices.

Medical Device Design and Development Services Market Companies

Some of the eminent market participants operating in the medical device design and development services industry include:

Celestica
Cambridge Design Partnership
Creation Technologies
Cirtec Medical
Donatelle
Flex
Integer Holdings Corporation
Jabil
Nordson Corporation
Planet Innovation
Plexus Corporation
Quest Global
Sanmina Corporation
StarFish Product Engineering
Veranex

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global medical device design and development services industry was valued at approximately USD 10.4 billion in 2023 and is estimated to grow at a 12.1% CAGR from 2024 to 2032, driven by advancements in medical technology.

The designing & engineering segment accounted for the largest market revenue share of 37.4% in 2023 and is projected to grow at a 12.4% CAGR, as it is crucial for innovation and compliance in medical device development.

U.S. market generated USD 2.8 billion in revenue in 2023 and is expected to reach USD 7.9 billion by 2032, led by technological advancements in AI, robotics, 3D printing, and biotechnology.

Key players in the industry include Celestica, Cambridge Design Partnership, Creation Technologies, Cirtec Medical, Donatelle, Flex, Integer Holdings Corporation, Jabil, Nordson Corporation, Planet Innovation, Plexus Corporation, and Quest Global.