
$53.6 billion
CMO 2021 market value
5%
CMO growth during the next 5 years
End-market related segments
- Orthopedics
- Minimally invasive surgery (MIS)
- Cardiovascular
- Surgical instruments
- In vitro diagnostic (IVD)
FYI
Orthopedics – while mature in terms of outsourcing, increased use of robotics, single-use devices are resulting in higher segment growth.
Key countries with large presence of CMO sites
United States
Germany
UK
Ireland
China
Malaysia
Singapore
Metals, polymers contribute 75% of the total value of medtech CMO
Injection molding, cutting, and machining – dominant manufacturing techniques in the sector
The medtech CMO market is highly fragmented with a few large players and more than 300 small, mid-size companies. Large CMO players include:
- Jabil
- Flex Corp.
- Integer Corp.
- Tecomet
- TE Connectivity
- Gerresheimer
Medtech CMOs are focused on offering a complete set of services from design and development to manufacturing and logistics/supply chain management to the original equipment manufacturers (OEMs). Design and development capabilities such as miniaturization of batteries, data/connectivity, and Internet of Things (IoT) are highly valued by OEMs when looking for strategic partnerships with CMOs.
Source: https://meditechinsights.com

Explore the August 2022 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- Turnkey robotic systems are already behind the times
- You can still register for March’s Manufacturing Lunch + Learn!
- HERMES AWARD 2025 – Jury nominates three tech innovations
- Vision Engineering’s EVO Cam HALO
- How to Reduce First Article Inspection Creation Time by 70% to 90% with DISCUS Software
- FANUC America launches new robot tutorial website for all
- Murata Machinery USA’s MT1065EX twin-spindle, CNC turning center
- #40 - Lunch & Learn with Fagor Automation