Medical Device Outsourcing Market To Reach USD 88.2 Billion By 2025
“The global medical device outsourcing market size was valued at USD 33.2 billion in 2016 and is expected to grow with CAGR of 11.5% from 2014 to 2025. Rising price competition and rising need for reduction of production cost are the most impact rendering driver of the medical device outsourcing market�
The global medical device outsourcing market is expected to reach USD 88.2 billion by 2025, according to a new report by Grand View Research, Inc. Rising price competition and rising need for reduction of production cost are the most impact rendering driver of the medical device outsourcing market. Sharp cutbacks in the public spending in major EU regions and the U.S., is the major issue currently faced by medical devices manufacturers. Increasing profitability pressure and growing competition coupled with high degree of industry maturity is expected to impact growth.
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