The global Medical Device Engineering Services Market was valued at approximately USD 6,246 million in 2024, and is forecast to grow at a CAGR of 11.20% from 2024 through 2032. This rapid expansion reflects increasing demand for outsourced engineering solutions, driven by regulatory complexity, rising chronic disease incidence, and the adoption of advanced technologies like AI, IoT, and digital health.

Notably:

• The Product Development service segment dominates with around 44% market share in 2025.
• In‑Vitro Diagnostic (IVD) Devices lead device‑type share at approximately 35.2% in 2025.
• North America tops the regional chart with a projected 35.2% share in 2025.

Why This Market Is Booming

🚀 Growth Drivers

1. Outsourcing to Manage Complexity: Medical device makers increasingly outsource software, regulatory consulting, and testing to specialist engineering services providers to accelerate speed-to-market and satisfy stringent compliance needs.
2. Technology Convergence: Services now span across embedded systems, AI/ML, IoT connectivity, cybersecurity, and cloud-enabled systems in smart medical devices.
3. Chronic Disease & Aging Demographics: Rising long-term healthcare demands fuel development of diagnostics and patient monitoring devices, particularly in North America and Europe.

🌍 Regional Trends

• North America leads, thanks to strong R&D infrastructure and robust med‑tech regulatory frameworks.
• Europe closely follows, propelled by supportive healthcare policies and aging populations.
• Asia‑Pacific (especially India and China) is one of the fastest-growing markets—benefiting from lower-cost innovation hubs and expanding healthcare access.

Company Profiles: Industry Leaders Shaping the Market

L&T Technology Services Limited (LTTS)

(Top companies in Micro‑Location Technology Market)
LTTS is a global leader delivering end-to-end engineering services across product development, regulatory compliance, quality management, and digital transformation. The firm empowers med‑device clients with embedded systems, IoT-enabled health devices, and AI‑driven analytics, enabling faster time‑to‑market and regulatory confidence.

Infosys Limited

Infosys provides medical device companies with software development and testing services, regulatory consulting, and product design assistance. Positioned as a key vendor in the global market, Infosys supports devices ranging from imaging systems to surgical and diagnostic tools.

HCL Technologies Limited

HCL offers comprehensive regulatory quality assurance services, software development, and post‑market surveillance support. Their global delivery model helps global med‑device manufacturers navigate complex regulatory regimes efficiently.

Tata Consultancy Services Limited (TCS)

TCS delivers product innovation and design services, industrial engineering support, and advanced connectivity services. Their R&D ecosystem merges digital health, embedded engineering, and compliance workflows into scalable offerings for clients worldwide.

Cyient

Cyient specializes in prototyping, electronics engineering, and software integration services. With a focus on robotic systems, IVD platforms, and diagnostic devices, Cyient helps startups and med‑device firms accelerate development via precision engineering and cost efficiencies.

Emerging Trends & Future Outlook

• AI‑powered device innovation: Tools using machine learning for data interpretation, imaging, diagnostics, predictive maintenance are set to transform engineering services.
• Telemedicine & Remote Monitoring: The surge in wearable devices and home diagnostics is fueling demand for fully integrated IoT and connectivity services.
• Cybersecurity & Regulatory Compliance: Delivering secure, compliant medical devices across regions remains a core competency as digital adoption increases.
• Sustainability & Eco‑Engineering: Increasing focus on environmentally sustainable design and packaging in device development is gaining traction globally.

Strategic Advantages: Why Leading Indian Engineering Firms Excel

• Cost-efficiency & Global Scale: These firms combine global delivery models with deep engineering expertise to offer scalable, cost-effective solutions.
• One-Stop Multi‑Service Capabilities: They provide seamless integration across product design, software engineering, regulatory consulting, quality assurance, and post-market support.
• Domain Expertise: With decades of experience in regulated industries and med‑tech innovation, these providers deliver high-quality engineering aligned with global compliance standards.

Conclusion: A Transformative Market Opportunity

The Medical Device Engineering Services Market is on a high growth trajectory—projected to double from ~USD 6.25 billion in 2024 to well over USD 13 billion by 2032—driven by technological innovation, demographic shifts, and outsized demand for regulatory-savvy engineering solutions.

Companies like L&T Technology Services, Infosys, HCL Technologies, TCS, and Cyient are strategically positioned to lead the disruption—offering integrated, scalable, and compliant engineering services for the evolving med‑device ecosystem.