Flex Ltd. (Singapore), Jabil Inc. (US), Nipro Corporation (Japan), and Plexus Corp. (US) are the leading players in the Medical Device Contract Manufacturing Market
The global medical device contract manufacturing market is projected to reach USD 118.9 billion in 2027 from USD 71.2 billion in 2022, at a CAGR of 10.8% during the forecast period.
The key factors driving the growth of the medical device contract manufacturing market include technological advancements in medical device modalities and the impact of industry 4.0 on the medical device industry. On the other hand, consolidation of market players is set to impede the market growth.
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The Key players in the medical device contract manufacturing market include Jabil Inc. (US), Plexus Corp. (US), Flex Ltd. (Singapore), Nipro Corporation (Japan), TE Connectivity Ltd. (Switzerland), Sanmina Corporation (US), and Integer Holdings Corporation (US).
Jabil, Inc.
Jabil, Inc. (US) is a leading player in the medical device contract manufacturing market. Its product portfolio includes a focused range of products and services in the healthcare domain as well as advanced manufacturing technologies. Jabil collaborates with large OEMs for contract manufacturing.
In 2021, the company entered a strategic collaboration with E3D (Israel), a member of Elcam Medical Group (Israel), to develop a high-volume reusable auto-injector and connected variants, which expands its medical device manufacturing capabilities.
Flex Ltd.
Flex Ltd. designs, engineers, manufactures and provides supply chain services and solutions to original equipment manufacturers worldwide. The company has global operations, spread across 40 manufacturing sites across the world. In March 2022, the manufacturing capacity of the company was approximately 27 million square feet.
Sanmina Corporation
Sanmina Corporation has established itself as a global player with a strong presence in almost 40 countries worldwide. The company focuses on technological advancements by offering diverse electronic medical devices and custom medical devices. The increase in geographic reach of the company is achieved by establishing facilities in major industrial centers or economical locations. Many of the operations are located near the company’s customers and end markets.
Related Reports:
Medical Device Contract Manufacturing Market by Device Type (IVD, Cardiovascular, Drug Delivery (Autoinjectors, Infusion Pumps), Diabetes Care, Orthopedic, Ophthalmology, Endoscopy, Surgery) Class of Device (I, II, III) Services - Global Forecast to 2027
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