Live Breaking News & Updates on Device Outsourcing Service Outlook Revenue

to reach USD 227.1 billion by 2028 registering a CAGR of
11.2%, according to a new report by Grand View Research, Inc. Rising demand for advanced medical products is the key factor fueling the market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public. Thus, to meet the regulatory standards, market players are using various services like regulatory consulting. For example, the European Medical Device Regulation undertakes special spontaneous inspection of outsourced products to test the quality as well as conformity with the standards.
Key suggestions from the report:
The contract manufacturing segment led the market in 2020 with a revenue share of 55.4% and will retain its position throughout the forecast period ....

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