Medical Device Contract Manufacturing Market Viewpoint by Applications, Regions and Product Types, Forecast to 2030 Market Industry Reports (MIR) has published a new report titled “Medical Device Contract Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.� According to the report, the global medical device contract manufacturing market is estimated to be over US$ 48 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030. The global medical device contract manufacturing market is driven by focus of market players in introducing new and innovative products, rising geriatric population, need for cost effective products, rising cost for hospitals and increasing demand for medical devices are some of the major factors driving the market. Moreover, Polymer Science and Engineering Department of the University Of Massachusetts (UMASS) are offering several programs to enhance medical device industry and help to generate skilled workers. However, high cost of medical devices and stringent government policy related to medical device manufacturing is likely to restrain the market to certain extent. Download Free PDF Sample Copy @ https://www.marketindustryreports.com/pdf/41 Increasing Geriatric Population The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global medical device contract manufacturing market in the coming times. Since, growing age brings about several ailments associated with arthritis and joints replacement. High Costs of Medical devices & instruments to Restrain the Market
Medical Device Contract Manufacturing Market Viewpoint by Applications, Regions, Forecast By 2030
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