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

CMO growth during the next 5 years

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

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:

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.