Medical Device Contract Manufacturing Market Overview

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The medical device contract manufacturing market is estimated to be worth $54.1 billion in 2019 and is expected to grow at CAGR of over 8% during the forecast period. Recent advances in data science technology solutions, such as Internet of Things, machine learning, artificial intelligence and real world evidence-based solutions, have enabled medical device developers to digitize and automate a number of product development and manufacturing processes.

Medical Device Contract Manufacturing Market Size, Trends, Forecast (2030)

The global medical device CMO market is currently worth around $54.1 billion and is expected to grow at a CAGR 8.0% during the forecast period.