Press release
Medical Component Manufacturing Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Medical Component Manufacturing Market
There is an upward trend in the medical component manufacturing market, which is primarily fueled by the increasing demand for medical devices. These devices, which include appliances, software, implants, machines, instruments, or other comparable items, are utilized to diagnose, prevent, monitor, treat, or alleviate diseases or other medical conditions in people. Medical component manufacturing encompasses the production of elements like injection-molded and electronic components that are needed in medical devices. For example, the International Trade Administration, a government agency based in the US, reported in January 2024 that the medical devices industry expanded from US$ 1,856 million in 2021 to US$ 2,049 million in 2022. Consequently, the growing demand for medical devices is primarily escalating the growth in the medical component manufacturing market.
Get Your Medical Component Manufacturing Market Report Here:
https://www.thebusinessresearchcompany.com/report/medical-component-manufacturing-global-market-report
How will the growth rate of the medical component manufacturing market shape industry trends by 2034?
The market size for the production of medical components has been experiencing robust growth in the past few years. The market, which stands at $14.28 billion in 2024, is anticipated to increase to $15.17 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%. The escalation experienced in the historic period is due to factors such as the advancements in pharmaceutical research and development, the expansion of the healthcare sector, a rise in the demand for diagnostic tests, the globalization of the chemical industry, and the need to adhere to regulatory compliance requirements.
Anticipations for the medical component manufacturing market indicate robust expansion in the upcoming years, escalating to a whopping $20.22 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.4%. This projected growth for the forecast period is influenced by several key factors such as the burgeoning call for personalized medicine, the amplified focus on biotechnology research, environmental testing growth, the food and beverage industry's expansion, and the globalisation of drug production. The forecast period is also set to witness significant trends including an intensified focus on green chemistry practices, enhanced adoption of automation in laboratories, escalating demand for specialty chemicals, the dawning of sustainable chemical processes, and the incorporation of artificial intelligence into laboratory operations.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12550&type=smp
What trends are poised to drive the future success of the medical component manufacturing market?
Leading firms in the medical component manufacturing market are pioneering cutting-edge technologies like metal injection molding technology which heightens precision and minimizes manufacturing waste. This technology is a fabrication process that merges injection molding and powder metallurgy techniques to create intricate and highly accurate metal components by injecting a combination of metal powder and polymer into a mold. For instance, Biomerics, a medical equipment manufacturer based in the USA, unveiled its vertically integrated metal injection molding (MIM) services in October 2024. There is now a new Metal Injection Molding (MIM) service available through a Center of Excellence that escalates the production capabilities of complex, high-performance interventional medical devices.
Which primary segments of the medical component manufacturing market are driving growth and industry transformations?
The medical component manufacturing market covered in this report is segmented -
1) By Process: Forging, Metal Injection Molding, 3D Printing, Ceramic Injection Molding, Investment Casting, Plastic Injection Molding, Other Processes
2) By Service: Device Development And Manufacturing Services, Quality Management Services, Final Goods Assembly Services
3) By Application: Laparoscopy, Pulmonary, Urology And Gynecology, Cardiovascular, Orthopedic, Oncology, Neurovascular, Radiology, Other Applications
Subsegments:
1) By Forging: Open-Die Forging, Closed-Die Forging, Precision Forging
2) By Metal Injection Molding: Stainless Steel Components, Titanium Components, Other Metal Components
3) By 3D Printing: Polymer-Based Printing, Metal-Based Printing, Bioprinting
4) By Ceramic Injection Molding: Alumina Components, Zirconia Components, Other Ceramic Materials
5) By Investment Casting: Precision Investment Casting, Shell Casting, Other Investment Casting Techniques
6) By Plastic Injection Molding: Thermoplastics, Thermosetting Plastics, Biodegradable Plastics
7) By Other Processes: Extrusion, Machining, Die Casting
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12550
Which geographical regions are pioneering growth in the medical component manufacturing market?
North America was the largest region in the medical component manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical component manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the medical component manufacturing market landscape?
Major companies operating in the medical component manufacturing market include Johnson & Johnson Services Inc., Abbott Laboratories Inc., 3M Company, Heraeus Holding GmbH, Medtronic plc, Danaher Corporation, Siemens Healthineers AG, Becton Dickinson and Company, Koninklijke Philips NV, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Olympus Corporation, The Lubrizol Corporation, Intuitive Surgical Inc., Terumo Corporation, Varian Medical Systems Inc., West Pharmaceutical Services Inc., The Ensinger Group, 3D Systems Inc., Hudson Technologies Inc., Seisa Medical Inc, Viant Medical Inc., Anchor Harvey Components LLC, The Rodon Group, Nexxt Spine LLC, Hologic Inc., American Casting Company, Optimum Medical Limited, Walter Stern Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12550&type=smp
What Is Covered In The Medical Component Manufacturing Global Market Report?
• Market Size Forecast: Examine the medical component manufacturing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the medical component manufacturing market for a structured understanding.
• Key Players Overview: Analyze major players in the medical component manufacturing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical component manufacturing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the medical component manufacturing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical component manufacturing market.
• Industry Challenges: Identify potential risks and obstacles affecting the medical component manufacturing market.
• Competitive Landscape: Review strategic developments in the medical component manufacturing market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Component Manufacturing Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3898554 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Component
Global Avionics Component Market Size by Application, Type, and Geography: Forec …
According to Market Research Intellect, the global Avionics Component market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The avionics component market is experiencing robust growth, primarily fueled by the rising demand for advanced navigation and communication…
Electrical Component Labels Market
Electrical Component Labels Market Overview
Electrical component labels are specialized labels used to identify, track, and provide essential information about electrical components and equipment in various applications, including industrial settings, electrical panels, control cabinets, and electronic devices. These labels are crucial for safety, maintenance, troubleshooting, and compliance purposes.
This report provides a deep insight into the global Electrical Component Labels market covering all its essential aspects. This ranges from a macro overview…
Cold Cast Elastomers Market Analysis: An In-Depth Exploration of Two-Component a …
The Cold Cast Elastomers Market is witnessing significant growth driven by advancements in processing technologies and the increasing demand across various industries. Cold cast elastomers, known for their versatility and durability, are typically processed using two-component or three-component systems, which enhance their performance characteristics. These elastomers find extensive applications in industrial settings due to their excellent abrasion resistance and mechanical properties.
𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝗽𝘆:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2918
In the automotive and transportation…
Semiconductor Graphite Component Market 2023
The report presents detailed information regarding the prominent players and potential competitors in the Semiconductor Graphite Component market. It includes comprehensive insights into their worldwide presence, economic performance, strategies, upcoming product releases, research and development initiatives, and a SWOT analysis. Additionally, the report analyses revenue share and contact details for each player.
This comprehensive report aims to evaluate and forecast the market size for Fuel Monitoring Systems. It analyses revenue, growth…
Polyurethane Sealants by One-Component and Two-Component Type
Polyurethane sealants have become indispensable in various industries and construction projects, thanks to their exceptional sealing properties, adhesion strength, and durability. They are available in two primary formulations: one-component and two-component types, each offering distinct advantages to meet the demands of diverse applications.
Download Free Sample PDF @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1074035
One-component polyurethane sealants are pre-mixed formulations that are ready for use straight from the container. They are renowned for their ease of application,…
Battery Management System Market Is Expected To Witness Faster Growth Throughout …
Acumen Research and Consulting has announced the addition of the "Battery Management System Market” report to their offering.
The Battery Management System Market Report 2018 is an in depth study analyzing the current state of the Battery Management System Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Battery Management System Market provides analysis of China market covering…
