2024 Global Medical Device Contract Manufacturing Market Report: Key Drivers, Size, and Leading Segments
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What is the Expected Growth Rate of the Medical Device Contract Manufacturing Global Market Report 2024 Market from 2024 to 2033?
The medical device contract manufacturing market has seen rapid growth in recent years. It will expand from $88.36 billion in 2023 to $101.04 billion in 2024, at a CAGR of 14.3%. This growth is fueled by the need for cost efficiency, specialized manufacturing, supply chain resilience, and expertise in regulatory compliance.
The medical device contract manufacturing market is expected to grow rapidly, reaching $174.69 billion by 2028 with a CAGR of 14.7%. Growth is driven by reshoring, additive manufacturing, and sustainable practices. Trends include digital manufacturing, wearable devices, data security, and remote auditing.
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What Key Factors Are Fueling the Growth of the Medical Device Contract Manufacturing Global Market Report 2024 Market?
The medical device contract manufacturing market is set to grow with the rising prevalence of chronic disorders. According to the National Center for Biotechnology Information (NCBI), the global population with chronic diseases is expected to reach 142.66 million by 2050, up from 71.522 million in 2020. Smart medical devices for managing chronic diseases contribute to the increasing demand for medical device contract manufacturing. Thus, the rising prevalence of chronic disorders is driving the growth of the medical device contract manufacturing market, projecting market sizes in 2023, 2024, and 2028.
What Are the Major Segments of the Medical Device Contract Manufacturing Global Market Report 2024 Market?
1) By Device: IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Endoscopy Devices, Ophthalmology Devices, Orthopedic Devices, Dental Devices, Other Devices
2) By Service: Device Development and Manufacturing Service, Quality Management Service, Assembly Service
3) By Application: Laparoscopy, Pulmonary, Urology, Gynecology, Other Applications
What New Trends Are Transforming the Medical Device Contract Manufacturing Global Market Report 2024 Market?
Major companies in the medical device contract manufacturing market are forming strategic partnerships to drive product development, as demonstrated by the collaboration between Amnovis and BAAT Medical in June 2022. By combining additive manufacturing expertise with orthopedic device manufacturing capabilities, this partnership aims to expedite the development and validation processes for 3D printed medical devices, ultimately enhancing patient outcomes and setting new industry standards.
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Which Regions Are Driving Growth in the Medical Device Contract Manufacturing Global Market Report 2024 Market?
North America will be the largest region in the medical device contract manufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical device contract manufacturing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Medical Device Contract Manufacturing Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the medical device contract manufacturing global market report 2024 market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Medical Device Contract Manufacturing Global Market Report 2024 Market Include
1. Medical Device Contract Manufacturing Global Market Report 2024 Market Executive Summary
2. Medical Device Contract Manufacturing Global Market Report 2024 Market Segments
3. Medical Device Contract Manufacturing Global Market Report 2024 Market Size And Template Market Growth Rate
4. Key Medical Device Contract Manufacturing Global Market Report 2024 Market Trends
5. Major Medical Device Contract Manufacturing Global Market Report 2024 Market Drivers
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25. Key Mergers And Acquisitions In The Medical Device Contract Manufacturing Global Market Report 2024 Market
26. Top Medical Device Contract Manufacturing Global Market Report 2024 Companies
27. Medical Device Contract Manufacturing Global Market Report 2024 Market Opportunities And Strategies
28. Medical Device Contract Manufacturing Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix
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