Asia Pacific Medical Device Design And Development Services Market Size & Outlook

The medical device design and development services market in Asia Pacific is expected to reach a projected revenue of US$ 10,191.7 million by 2030. A compound annual growth rate of 13.2% is expected of Asia Pacific medical device design and development services market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,266.1
Forecast, 2030 (US$M)
$10,191.7
CAGR, 2024 - 2030
13.2%
Report Coverage
Asia Pacific

Asia Pacific medical device design and development services market, 2018-2030 (US$M)

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Asia Pacific medical device design and development services market, 2018-2030 (US$M)

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Asia Pacific medical device design and development services market highlights

  • The Asia Pacific medical device design and development services market generated a revenue of USD 4,266.1 million in 2023.
  • The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
  • In terms of segment, designing & engineering was the largest revenue generating services in 2023.
  • Designing & Engineering is the most lucrative services segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 4,266.1 million
Market revenue in 2030USD 10,191.7 million
Growth rate13.2% (CAGR from 2023 to 2030)
Largest segmentDesigning & engineering
Fastest growing segmentDesigning & Engineering
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDesigning & Engineering, Machining, Molding, Packaging
Key market players worldwideXimedica, Jabil Inc, Flex Ltd, Plexus Corp, Nordson Corp, Celestica Inc Ordinary Shares (Subordinate Voting)


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 41.3% of the global medical device design and development services market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 10,191.7 million by 2030.

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Medical Device Design And Development Services Market Scope

Medical device design and development services market segmentation & scope

Medical Device Design And Development Services Market Companies

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Asia Pacific medical device design and development services market size, by country, 2018-2030 (US$M)

Asia Pacific Medical Device Design And Development Services Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific medical device design and development services market size, by country, 2018-2030 (US$M)

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