According to a study of Research Dive, the global medical device manufacturing outsourcing market forecast shall cross $104.3million by 2026, growing at a CAGR of 10.3%. The significant medical contract manufacturers mainly design and manufacture medical devices along with the provided services such as UV bonding, injection molding, and other manufacturing services to the larger-sized OEMs and medical device companies. Massive increase in the geriatric population, growing global demand for the life expectancy and tremendously booming demand for technological advances particularly in the medical device industries, are some of the key factors projected to drive the medical device manufacturing outsourcing market growth. For example, as per research conducted by UN (United Nations), in 2019, around 703 million people were of 65 years of age or over, across the globe. Furthermore, the number of aged people is expected to reach upto 1.5 billion (double) in 2050. Moreover, ...
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