Medical Device Design And Development Services Market Size, Share & Trends Analysis Report By Services (Designing & Engineering, Packaging), By Medical Devices (Drug Delivery Services), By Therapeutic Area, By End use, By Region, And Segment Forecasts, 20

Medical Device Design And Development Services Market Growth & Trends

The global medical device design and development services market size is anticipated to reach USD 24.1 billion by 2030 and it is projected to grow at a CAGR of 13.50% from 2025 to 2030, according to a new report by Grand View Research, Inc.

Growing technological innovations facilitating medical product development through all phases, from initial concept generation to production manufacturing is anticipated to influence the market positively. The development of medical devices has observed significant advancements due to various technological innovations and techniques to develop products that meet the complex needs of the medical & scientific industries.

In addition, the medical devices industry has witnessed significant growth owing to presence of medical device Original Equipment Manufacturers (OEMs) that offers benefits with increased agility, low operational costs, and reduced time to market as well as high return of investment by outsourcing some of their operations. As, OEMs can transform their companies into strategic investments from cost centers. Furthermore, product design and development partners help in reducing time-to-market for a new device, thus speeding up the Return on Investment (ROI). Hence, this is expected to create demand for medical device design and development services.

Moreover, the medical device industry is witnessing competition where companies are opting for various marketing strategies to sustain competition. Besides, trends in medical device design and development industry are for variety of devices, drug delivery systems, therapeutic devices, and patient monitors that are becoming smaller in size, while improving features & performance. This factor has led to extensive R&D, product launches, competitive pricing, and mergers & acquisitions. Moreover, competition necessitates rapid product development and market entry.

In addition, the medical device design and development services are highly beneficial to companies as they helps them create innovative products that are not easy to replicate, allowing for market leadership. Also, the expertise provided by the outsourcing partners helps reduce costs and time for development, pilot testing, and market launching. Such factors are expected to drive the market over the estimated time period.

Medical Device Design And Development Services Market Report Highlights

• The global medical device design and development landscape is undergoing a seismic shift driven by the convergence of engineering innovation, clinical demand, and demographic
• The medical device design and development landscape is undergoing a significant transformation driven by emerging technologies such as artificial intelligence (AI), the Internet of Medical Things (IoMT), additive manufacturing (3D printing), and advanced materials.
• The drug delivery devices segment held the largest revenue share of over 16.30% in 2024.
• The diagnostic segment captured a considerable share in 2024. Innovations in imaging technologies, point-of-care devices, and molecular diagnostics have driven significant investments in design and development.
• The North America medical device design and development services market is expected to witness growth at a CAGR of 13.46% from 2025 to 2030.

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