Medical Device Contract Manufacturing Market Size, Share & Growth Trends

Healthcarenews19 Apr, 2024Business

The medical device contract manufacturing market is projected to reach USD 149.4 billion by 2029. This represents an increase from USD 78.9 billion in 2023, translating to a CAGR of 11.4% between 2024 and 2029. Download Free PDF Brochure Market Overview The growth in the medical device contract manufacturing market is being driven by several key factors. One of the primary drivers is the aging global population, which is resulting in increased demand for medical devices used in diagnostics, treatment, and monitoring of age-related conditions. Additionally, the rising prevalence of chronic diseases such as diabetes, heart disease, and cancer is fueling the demand for medical devices to manage these conditions.