Medical Component Manufacturing Market size is expected to reach USD 15.93 billion by 2030
Medical Component Manufacturing Industry Overview The global medical component manufacturing market size was valued at USD 10.36 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2030. Rising demand for medical devices owing to the prevalence of lifestyle-related diseases and increasing demand for healthcare services and smart devices, such as wearables, are projected to fuel the market growth over the forecast period. There has been a transformation in the methods of treatment and diagnosis with the rising use of wearables and other healthcare equipment at home. Clinicians and doctors receive intelligence from wearables and devices to prevent and monitor diseases and patients avoid unnecessary trips to hospitals. Gather more insights about the market drivers, restrains and growth of the Global Medical Component Manufacturing Market The U.S. is one of the leading markets for medical devices around t...