US & Costa Rica Medical Contract Manufacturing Market to 2031

US and Costa Rica Medical Contract Manufacturing Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Service Type (Full-device Manufacturing, Sub-assembly and Components, and Materials-specific Services) and Device Type [IVD Devices (IVD Consumables and IVD Equipment), Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices (Infusion Devices and Administration Set, Syringes, Inhalers, and Autoinjectors and Pen Injectors), Orthopedic Devices, Respiratory Care Devices, Ophthalmology Devices, Surgical Devices, Diabetes Care Devices, Dental Devices, Endoscopy and Laparoscopy Devices, Gynecology and Urology Devices, Neurology Devices, Patient Assistive Devices, and Others]

Publication Month : Oct 2025

  • Report Code : TIPRE00041028
  • Category : Life Sciences
  • Status : Published
  • No. of Pages : 140
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The US and Costa Rica medical contract manufacturing market size is projected to reach US$ 62.83 billion by 2031 from US$ 29.49 billion in 2024. The market is expected to register a CAGR of 11.5% during 2025–2031.

US and Costa Rica Medical Contract Manufacturing Market Analysis

The US and Costa Rica medical contract manufacturing market growth is attributed to the high demand for medical devices, cost savings, and specialized manufacturing. The US is the leader in terms of innovation and high-tech manufacturing; Costa Rica offers skilled labor, proximity to North America, and generally favorable commercial relationships. Both the US and Costa Rica medical contract manufacturing markets are responding to trends in outsourcing, regulatory compliance, and an increase in healthcare needs. As a result, the demand for surgical instruments, diagnostics, and other medical device segments will continue to grow.

US and Costa Rica Medical Contract Manufacturing Market Overview  

The medical contract manufacturing industries in the US and Costa Rica are experiencing rapid growth due to increasing healthcare needs, aging populations, and the outsourcing of production. The US market is advanced technologically and in regulatory expertise, making it the most sophisticated market in complex medical device manufacturing. While Costa Rica is less advanced than the US from a regulatory and technology position, it does present a cost-effective alternative with an educated workforce and location advantage to North America. The two participating nations also contribute a meaningful environment for the manufacture of surgical instruments, diagnostics, and therapeutic devices, with several OEM's looking for quality, compliance, and scaling advantages.      

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US and Costa Rica Medical Contract Manufacturing Market: Strategic Insights

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US and Costa Rica Medical Contract Manufacturing Market Drivers and Opportunities

Market Drivers:

  • Supply?chain resilience & reshoring:

    Rising concerns about global disruptions (e.g. pandemics, trade tensions) push US OEMs to bring or shift critical manufacturing closer to home. Costa Rica offers near?shoring advantages in North America.
  • Specialization & high?precision manufacturing ecosystems:

    Costa Rica has developed clusters with skillsets in cardiovascular, respiratory, and orthopedic device manufacturing; US CMOs are investing in technologies such as miniaturization, AI, and connected devices.

Market Opportunities:

  • Expansion of wearable/connected & remote patient monitoring devices:

    Growing chronic disease burden and consumer health tech demand create room for contract manufacturers with expertise in sensors, wireless connectivity, and rapid prototyping.
  • Tapping Costa Rica’s export growth & trade partnership with US:

    Costa Rica’s medical device exports are growing (~18% annually), many destined for the US; U.S. CMOs or suppliers can partner locally to reduce cost, leverage free trade, and speed up regulatory compliance.     

US and Costa Rica Medical Contract Manufacturing Market Report Segmentation Analysis

The US and Costa Rica medical contract manufacturing market is segmented as:

By Service Type:

  • Full-device Manufacturing:

    Complete end-to-end production of finished medical devices, including design, assembly, testing, packaging, and regulatory compliance.
  • Sub-assembly and Components:

    Manufacturing of individual parts or modules of a device, such as catheters or housings, for integration into larger systems.   
  • Materials-specific Services:

    Specialized processes focused on materials such as polymers, metals, or coatings, including molding, machining, and surface treatments tailored to device needs.   

By Device Type:

  • IVD Devices
  • Diagnostic Imaging Devices
  • Cardiovascular Devices
  • Drug Delivery Devices
  • Orthopedic Devices
  • Respiratory Care Devices
  • Ophthalmology Devices
  • Surgical Devices
  • Diabetes Care Devices
  • Dental Devices
  • Endoscopy and Laparoscopy Devices
  • Gynecology and Urology Devices
  • Neurology Devices
  • Patient Assistive Devices
  • Others

By Geography:

  • US
  • Costa Rica

Market Report ScopeUS and Costa Rica Medical Contract Manufacturing Market Share Analysis by Geography

The US leads in medical contract manufacturing due to its expansive healthcare sector, high demand for innovative and technologically advanced medical products, and significant investments in research and development. US companies seek cost-effective, high-quality manufacturing partners abroad, especially in Costa Rica, which offers favorable costs and compliance standards. The US’s robust regulatory environment, extensive healthcare infrastructure, and emphasis on innovation foster a strong domestic and international presence. Additionally, the ability to launch products to market and the strategic reliance on global supply chains solidify the US’s dominant position in the medical contract manufacturing landscape. Below is a summary of market share and trends by region:

1. US

  • Market Share:

    Holds a significant portion of the market
  • Key Drivers:

    • Strong Research and Development and Innovation Ecosystem
    • Stringent Regulatory Standards  
  •  

    Trends:

    Integration of Smart Manufacturing & Industry 4.0

2. Costa Rica

  • Market Share:

    Substantial market share
  • Key Drivers:

    • Cost-Effective Manufacturing  
    • Established MedTech Cluster
  • Trends:

    Expansion of Cleanroom and Sterile Manufacturing Facilities.

US and Costa Rica Medical Contract Manufacturing Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is strong due to the presence of established players such as MICRO and Tegra Medical. Niche providers contribute to the competitive landscape across regions.

This high level of competition urges companies to stand out by offering:

  • Advanced Products
  • Value-added services such as customization and sustainable solutions
  • Competitive pricing models
  • Compliance with regulatory guidelines

Opportunities and Strategic Moves

  • In June 2025, DuPont announced that a new addition to its healthcare manufacturing facility in Heredia, Costa Rica, will expand its sterile operations, allowing the site to manufacture sterile packaging for the global medical device industry. This expansion will also enhance the site's capacity for its medical tubing operations.
  • In April 2024, Cirtec Medical, a leading outsourced partner for end-to-end medical device design, development, and manufacturing services, is more than doubling its operations in Costa Rica. This strategic expansion is designed to better serve Cirtec's customers by offering enhanced manufacturing capabilities and increased capacity to support their growing needs in the neuromodulation, interventional, electrophysiology, and structural heart markets.

Major Companies operating in the US and Costa Rica Medical Contract Manufacturing Market are:

  • MICRO
  • Tegra Medical
  • DeRoyal Industries
  • Gauthier Biomedical
  • Sterling Industries
  • AVNA
  • TE Connectivity
  • Heraeus Group
  • Cirtec Medical
  • Resonetics
  • Freudenberg Group

Note: The companies listed above are not ranked in any particular order.

Other companies analyzed during the course of research:

  • Biomerics
  • Viant Medical
  • Confluent Medical Technologies
  • Advant Medical
  • Precision Coating
  • SMC
  • Flex LTD
  • Jabil Inc.
  • Juno Pacific
  • HDA Technology  

US and Costa Rica Medical Contract Manufacturing Market News and Recent Developments

  • Freudenberg Medical Opens Second Production Facility in Costa Rica in September 2025.

    Freudenberg Medical, a global contract design and manufacturing (CDMO) partner to the medical device and biopharma industry, has officially inaugurated its second production facility in Costa Rica. The new site represents a US$25 million investment.
  • Switchback Medical to Set Up Operations in Costa Rica With New Plant in Evolution Free Zone in May 2025.

    Evolution Free Zone announces the incorporation of Switchback Medical, a US company specializing in the development and contract manufacturing of minimally invasive medical devices, into the business park located in Tacares de Grecia. This new plant in Costa Rica will be an expansion of the company’s manufacturing center outside the US. 

US and Costa Rica Medical Contract Manufacturing Market Report Coverage and Deliverables

The "US and Costa Rica Medical Contract Manufacturing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • US and Costa Rica Medical Contract Manufacturing Market size and forecast at country levels for all the key market segments covered under the scope
  • US and Costa Rica Medical Contract Manufacturing Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • US and Costa Rica Medical Contract Manufacturing Market analysis covering key market trends, country framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the US and Costa Rica Medical Contract Manufacturing Market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the US and Costa Rica Medical Contract Manufacturing market?

The US and Costa Rica medical contract manufacturing market is estimated to register a CAGR of 11.5% during the forecast period.

Which are the leading players operating in the US and Costa Rica Medical Contract Manufacturing market?

MICRO; Tegra Medical; DeRoyal Industries; Gauthier Biomedical; Sterling Industries; AVNA; TE Connectivity; Heraeus Group; Cirtec Medical; Resonetics; Freudenberg Group; Biomerics; Viant Medical; Confluent Medical Technologies; Advant Medical; Precision Coating; SMC; Flex LTD; Jabil Inc.; Juno Pacific; HDA Technology are among the key players operating in the US and Costa Rica Medical Contract Manufacturing market.

What are the factors driving the US and Costa Rica Medical Contract Manufacturing market?

The strong research and development and innovation ecosystem and stringent regulatory standards factors contributing to the market growth.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. US and Costa Rica Medical Contract Manufacturing Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Impact of Trump’s Reciprocal tariff

4.4 List of Top Medical Device OEMs Outsourcing to Costa Rica/US

4.5 Procurement Criteria and Decision Drivers in Costa Rica/US

4.5.1 Quality & Regulatory Compliance

4.5.2 Cost Competitiveness

4.5.3 Nearshoring & Supply Chain Efficiency

4.5.4 Other Procurement Criteria and Decision Drivers

4.6 Analysis of Major 5 Outsourced Medical Devices in Costa Rica/US

5. US and Costa Rica Medical Contract Manufacturing Market - Key Industry Dynamics

5.1 US and Costa Rica Medical Contract Manufacturing Market - Key Industry Dynamics

5.2 Market Drivers

5.2.1 Rising Demand For Medical Devices

5.2.2 Rising Costs of In-House Production

5.2.3 Regulatory Compliance and Expertise of Contract Manufacturers

5.3 Market Restraints

5.3.1 Shortage of Skilled Labor

5.3.2 High Barriers to Technological Advancement and Investment

5.3.3 Dependence on Imported Raw Materials and Supply Chain Vulnerabilities

5.4 Market Opportunities

5.4.1 Surging Demand for Personalized and Home Healthcare Devices

5.4.2 Integration of Digital Health

5.4.3 Strategic Developments by the Market Players

5.5 Market Future Trends

5.5.1 Miniaturization of Devices

5.5.2 Adoption of Additive Manufacturing (3D Printing)

5.5.3 Focus on Sustainability

5.6 Impact of Drivers and Restraints:

6. US and Costa Rica Medical Contract Manufacturing Market Analysis

6.1 US and Costa Rica Medical Contract Manufacturing Market Revenue (US$ Million), 2025 – 2031

7. US and Costa Rica Medical Contract Manufacturing Market Analysis – Service Type

7.1 2D

7.1.1 Overview

7.1.2 2D: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

7.1.3 2D: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

7.2 3D/4D

7.2.1 Overview

7.2.2 3D/4D: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

7.2.3 3D/4D: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

7.3 Others

7.3.1 Overview

7.3.2 Others: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

7.3.3 Others: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

8. US and Costa Rica Medical Contract Manufacturing Market Analysis - Device Type

8.1 Trolley

8.1.1 Overview

8.1.2 Trolley: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

8.1.3 Trolley: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

8.2 Compact/Handheld

8.2.1 Overview

8.2.2 Compact/Handheld: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

8.2.3 Compact/Handheld: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9. US and Costa Rica Medical Contract Manufacturing Market Analysis - Application

9.1 General Imaging

9.1.1 Overview

9.1.2 General Imaging: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.1.3 General Imaging: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2 Surgery

9.2.1 Overview

9.2.2 Surgery: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2.3 Surgery: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2.4 Ultrasound for Urology

9.2.4.1 Overview

9.2.4.2 Ultrasound for Urology: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2.4.3 Ultrasound for Urology: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2.5 Intraoperative Ultrasound for General Surgery

9.2.5.1 Overview

9.2.5.2 Intraoperative Ultrasound for General Surgery: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.2.5.3 Intraoperative Ultrasound for General Surgery: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.3 Cardiology

9.3.1 Overview

9.3.2 Cardiology: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.3.3 Cardiology: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.4 Others

9.4.1 Overview

9.4.2 Others: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

9.4.3 Others: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10. US and Costa Rica Medical Contract Manufacturing Market Analysis - End User

10.1 Emergency Department

10.1.1 Overview

10.1.2 Emergency Department: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.1.3 Emergency Department: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.2 Intensive/Care Critical Care

10.2.1 Overview

10.2.2 Intensive Care/Critical Care: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.2.3 Intensive Care/Critical Care: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.3 Operating Theatre

10.3.1 Overview

10.3.2 Operating Theatre: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.3.3 Operating Theatre: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.4 IVF Clinics

10.4.1 Overview

10.4.2 IVF Clinics: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.4.3 IVF Clinics: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.5 Physiotherapy Centers

10.5.1 Overview

10.5.2 Physiotherapy Centers: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.5.3 Physiotherapy Centers: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.6 Sports Medicine

10.6.1 Overview

10.6.2 Sports Medicine: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.6.3 Sports Medicine: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.7 General Practitioner Clinics

10.7.1 Overview

10.7.2 General Practitioner Clinics: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.7.3 General Practitioner Clinics: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.8 Respiratory Center

10.8.1 Overview

10.8.2 Respiratory Center: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.8.3 Respiratory Center: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.9 Anesthesia

10.9.1 Overview

10.9.2 Anesthesia: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.9.3 Anesthesia: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.10 General Wards

10.10.1 Overview

10.10.2 General Wards: US Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

10.10.3 General Wards: Costa Rica Medical Contract Manufacturing Market, Revenue and Forecast to 2031 (US$ Million)

11. US and Costa Rica Medical Contract Manufacturing Market - Country Analysis

11.1 Asia Pacific

11.1.1 US Medical Contract Manufacturing Market

11.1.1.1 US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts to 2031 (US$ Mn)

11.1.1.1.1 US: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Service Type

11.1.1.1.2 US: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Device Type

11.1.1.1.3 US: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Application

11.1.1.1.3.1 US: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Surgery

11.1.1.1.4 US: US and Costa Rica Medical Contract Manufacturing Market Breakdown by End User

11.1.2 Costa Rica Medical Contract Manufacturing Market

11.1.2.1 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts to 2031 (US$ Mn)

11.1.2.1.1 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Service Type

11.1.2.1.2 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Device Type

11.1.2.1.3 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Application

11.1.2.1.3.1 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Breakdown by Surgery

11.1.2.1.4 Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Breakdown by End User

12. US and Costa Rica Medical Contract Manufacturing Market – Industry Landscape

12.1 Overview

12.2 Growth Strategies in US and Costa Rica Medical Contract Manufacturing Market

12.3 Organic Growth Strategies

12.3.1 Overview

12.4 Inorganic Growth Strategies

12.4.1 Overview

12.5 Comparison of Cost Structure between US and Costa Rica

12.6 Differentiation Factors of Top 3 Contract Manufacturers

12.7 Capability Mapping of Key Contract Manufacturers

13. Company Profiles

13.1 Hologic Inc

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 FUJIFILM SonoSite Inc

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 GE HealthCare Technologies Inc

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 ESAOTE SPA

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 EchoNous Inc

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Koninklijke Philips NV

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Shenzhen Mindray Bio-Medical Electronics Co Ltd

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Clarius Mobile Health Corp

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Butterfly Network Inc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

List of Tables

Table 1. US and Costa Rica Medical Contract Manufacturing Market Segmentation

Table 2. US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Service Type

Table 3. US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Device Type

Table 4. US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By IVD Device

Table 5. US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Drug Delivery Devices

Table 6. Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Service Type

Table 7. Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Device Type

Table 7. Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By IVD Device

Table 8. Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn) – By Drug Delivery Devices

Table 9. Recent Organic Growth Strategies in US and Costa Rica Medical Contract Manufacturing Market

Table 10. Recent Inorganic Growth Strategies in the US and Costa Rica Medical Contract Manufacturing Market

Table 11. Glossary of Terms, US and Costa Rica Medical Contract Manufacturing Market

List of Figures

Figure 1. US and Costa Rica Medical Contract Manufacturing Market Segmentation, By Country

Figure 2. PEST Analysis

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. US and Costa Rica Medical Contract Manufacturing Market Revenue (US$ Million), 2022 – 2031

Figure 5. US Medical Contract Manufacturing Market Share (%) – Service Type, 2022 and 2031

Figure 6. Costa Rica Medical Contract Manufacturing Market Share (%) – Service Type, 2022 and 2031

Figure 7. Full-device Manufacturing: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 8. Full-device Manufacturing: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 9. Sub-assembly and Components: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 10. Sub-assembly and Components: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 11. Materials-specific Services: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 12. Materials-specific Services: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 13. US Medical Contract Manufacturing Market Share (%) – Device Type, 2022 and 2031

Figure 14. Costa Rica Medical Contract Manufacturing Market Share (%) – Device Type, 2022 and 2031

Figure 15. IVD Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 16. IVD Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 17. Diagnostic Imaging Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 18 Diagnostic Imaging Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 19. Cardiovascular Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 20. Cardiovascular Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 21 Drug Delivery Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 22 Drug Delivery Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 23 Orthopedic Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 24. Orthopedic Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 25. Respiratory Care Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 26. Respiratory Care Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 27 Ophthalmology Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 28 Ophthalmology Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 29 Surgical Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 30. Surgical Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 31. Diabetes Care Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 32. Diabetes Care Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 33 Dental Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 34 Dental Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 35 Endoscopy and Laparoscopy Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 36. Endoscopy and Laparoscopy Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 37. Gynecology and Urology Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 38. Gynecology and Urology Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 39. Neurology Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 40. Neurology Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 41. Patient Assistive Devices: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 42. Patient Assistive Devices: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 43. Others: US Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 44. Others: Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Million)

Figure 45. US: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn)

Figure 46. Costa Rica: US and Costa Rica Medical Contract Manufacturing Market Revenue and Forecasts To 2031 (US$ Mn)

Figure 47. Growth Strategies in US and Costa Rica Medical Contract Manufacturing Market

The List of Companies - US and Costa Rica Medical Contract Manufacturing Market

  1. MICRO
  2. Tegra Medical
  3. DeRoyal Industries
  4. Gauthier Biomedical
  5. Sterling Industries
  6. AVNA
  7. TE Connectivity
  8. Heraeus Group
  9. Cirtec Medical
  10. Resonetics
  11. Freudenberg Group
  12. Biomerics
  13. Viant Medical
  14. Confluent Medical Technologies
  15. Advant Medical
  16. Precision Coating
  17. SMC
  18. Flex LTD
  19. Jabil Inc.
  20. Juno Pacific
  21. HDA Technology

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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