Posted 2/23/2024, 10:31:00 PM
Medical Device Outsourcing Market Set for 12.9% CAGR Growth to $390B by 2034, Driven by Cost Savings and Asia-Pacific Innovation
- Medical device outsourcing market size expected to grow from $129B in 2024 to over $390B by 2034 at a CAGR of 12.9%
- Outsourcing provides cost savings, access to expertise, increased flexibility and faster time-to-market for medical device companies
- Asia Pacific seen as an emerging hub for medical device outsourcing due to low costs and skilled labor
- Technological advancements like 3D printing, AI and digital health driving innovation in outsourcing services
- Strategic partnerships between medical device companies and outsourcing firms enabling shared expertise and risk mitigation