Medical Component Manufacturing Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

The Business Research Company’s Medical Component Manufacturing Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, October 24, 2023 /EINPresswire.com/ -- Rising Demand for Medical Devices Fueling Market Growth

With a projected growth from $12.44 billion in 2022 to $17.03 billion in 2027 at a CAGR of 6.4%, the global medical component manufacturing market is witnessing a substantial surge, driven by the escalating demand for medical devices. Notably, the Centers for Medicare & Medicaid Services highlight a 21.8% increase in federal retail spending on medical devices in 2021, underlining the sector's robust expansion.

Segmentation and Key Market Players
•Process: Forging, Metal Injection Molding, 3D Printing, Ceramic Injection Molding, Investment Casting, Plastic Injection Molding, Other Processes
•Service: Device Development And Manufacturing Services, Quality Management Services, Final Goods Assembly Services
•Application: Laparoscopy, Pulmonary, Urology And Gynecology, Cardiovascular, Orthopedic, Oncology, Neurovascular, Radiology, Other Applications

Key players, including Johnson & Johnson Services Inc., Abbott Laboratories Inc., and 3M Company, are actively contributing to market developments through advanced technologies and collaborative endeavors.

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Technological Advancements Shaping Market Trends
The medical component manufacturing market landscape is witnessing a significant focus on technological advancements, as highlighted by Stratasys Ltd.'s introduction of the Stratasys J5 MediJet 3D printer, underscoring the industry's pursuit of cutting-edge solutions to meet evolving demands and challenges.

Driving Inorganic Growth Through Strategic Acquisitions
In line with the industry's growth trajectory, strategic acquisitions such as ARCH Medical Solutions Corp's acquisition of Alpha Manufacturing & Design LLC are fostering collaborations and enhancing capabilities within the medical component manufacturing market, affirming a commitment to deliver superior solutions to consumers.

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Medical Component Manufacturing Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Medical Component Manufacturing Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on medical component manufacturing market size, medical component manufacturing market drivers and trends, medical component manufacturing market major players, medical component manufacturing market competitors' revenues, medical component manufacturing market positioning, and medical component manufacturing market growth across geographies. The medical component manufacturing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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