Medical Device Engineering Services Market Report 2026

The medical device engineering services market size has grown rapidly in recent years. It will grow from $5.6 billion in 2025 to $6.24 billion in 2026 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing medical device innovation cycles, growing complexity of regulatory frameworks, expansion of contract manufacturing adoption, rising demand for precision-engineered components, availability of specialized engineering expertise.

The medical device engineering services market size is expected to see rapid growth in the next few years. It will grow to $9.39 billion in 2030 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand for connected and smart medical devices, rising investments in digital health technologies, expansion of personalized and minimally invasive devices, growing outsourcing of regulatory and validation services, increasing focus on sustainable device manufacturing. Major trends in the forecast period include increasing demand for end-to-end device development services, rising adoption of digital engineering and simulation tools, growing focus on regulatory-compliant design processes, expansion of outsourced prototyping and testing services, enhanced integration of smart manufacturing techniques.

The increasing number of patients affected by diabetes is poised to drive the expansion of the medical device engineering services market in the foreseeable future. Diabetes, a medical condition characterized by elevated blood glucose levels due to deficiencies in insulin production or action, is becoming more prevalent due to factors such as sedentary lifestyles, aging populations, genetic predisposition, and dietary shifts, leading to a surge in the diabetic patient population. Medical device engineering services play a crucial role in diabetes management by innovating technologies such as glucose monitors, insulin delivery systems, artificial pancreas technology, wearables, and user-friendly designs. For example, data from the Cleveland Clinic indicates that globally, an estimated 537 million adults were diagnosed with diabetes in February 2023, with projections suggesting a rise to 643 million by 2030 and 783 million by 2045. Consequently, the increasing diabetic patient population is propelling the growth of the medical device engineering services market.

Key players in the medical device engineering services market are concentrating on developing innovative technological solutions, such as integrated medical device services partnerships, to enhance the functionality, connectivity, and monitoring capabilities of medical devices. Integrated medical device services encompass a comprehensive range of services provided by specialized firms to support the entire lifecycle of a medical device, from conceptualization through design, development, and post-market support. This ensures seamless coordination and efficiency across all stages of the device's lifecycle. For instance, ClariMed, Inc., a US-based company specializing in medical device development and regulatory services, launched an integrated medical device services partnership in January 2023. This initiative aims to meet the growing demand in the MedTech industry for a holistic approach to medical product development. By collaborating with top-tier service providers across various domains, ClariMed seeks to streamline the product lifecycle and enhance the efficiency of bringing medical devices to market.

In January 2024, Sanner Group, a Germany-based provider of scientific and device solutions for drug delivery, acquired Springboard Pro Ltd., a UK-based manufacturer of medical devices, for an undisclosed sum. This strategic move is intended to strengthen Sanner's capabilities in medical device design and development, aligning with its strategic objective of enhancing services in drug delivery, diagnostics, and the medtech sectors. By providing comprehensive support from concept design to commercial manufacturing in the healthcare industry, Sanner aims to solidify its position in the market.

Major companies operating in the medical device engineering services market are Johnson & Johnson, Accenture Plc, Abbott Laboratories, 3M Healthcare, Medtronic Plc, Tata Consultancy Services, Siemens Healthineers, Philips Healthcare, Becton Dickinson and Company, Stryker Corporation, GE Healthcare, Infosys Limited, Baxter International, Boston Scientific, HCL Technologies Limited, Wipro Limited, Zimmer Biomet, Tech Mahindra, Terumo Corporation, Intuitive Surgical, Edwards Lifesciences, Smith & Nephew, Hologic Inc., Varian Medical Systems, Nordson Corporation, L&T Technology Services Limited., Althea Group, Roche Diagnostics, Altran Technologies SA, ClariMed Inc.

North America was the largest region in the medical device engineering services market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device engineering services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical device engineering services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical device engineering services market includes revenues earned by entities by providing services such as product design and development, prototyping and testing, verification and validation, human factors and usability engineering, and manufacturing support and process engineering. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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