Medtech CMO market

According to research from Medi-Tech Insights, the medtech contract manufacturing organization (CMO) market growth is expected to be driven by increased outsourcing.

$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

August 2022
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