Dalsin Industries, Bloomington, Minn., is hoping to continue to grow with its factory of the future in Lakeville, Minn, with new automated punch, shear, and panel bending line
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The global medical devices contract manufacturing market by revenue is expected to grow at a CAGR of over 10% during the period 2020-2026.
The global market is experiencing impressive growth due to a wide range of services offered by contract manufacturers. The increasing demand for cost reduction and decrease time to market products are the factors driving OEMs to focus and develop partnerships with trusted CMOs for developing, manufacturing, and marketing medical devices.
Moreover, the growing elderly populations, the increasing prevalence of minimally invasive surgeries, increased healthcare expenditures, and innovations in medical technology industry are fueling the need for medical device contract manufacturing. The increasing pressure on OEMs to develop high-quality healthcare equipment, reduce price points, and faster time to market are likely to propel the device contract manufacturing market across
Medical Device Contract Manufacturing Market Size to Reach Revenues of over USD 132 Billion by 2026 – Arizton einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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CHICAGO, March 17, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global medical device contract manufacturing market report.
The medical device contract manufacturing market is expected to grow at a CAGR of over 10% during the period 2020-2026.
Key Highlights Offered in the Report:
The global medical device contract manufacturing market is likely to witness incremental growth of around USD 59 billion and absolute growth of over 80% during the forecast period.
The EMS segment is anticipated for the highest CAGR of approximately 11% in the product segment of the medical device contract manufacturing market during the forecast period.