Surging Demand For Medical Devices Propels Growth In The Medical Component Manufacturing Market: A Key Catalyst Accelerating Global Medical Component Manufacturing Market Growth in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Medical Component Manufacturing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market encompassing the fabrication of medical components has demonstrated robust expansion lately, projecting an upward trajectory from a valuation of $14.28 billion in 2024 to $15.13 billion the following year, reflecting a compound annual growth rate (CAGR) of 5.9%. This historical upswing is largely fueled by several key factors, including amplified investment in pharmaceutical research and development, the broadening scope of the healthcare sector, escalating requirements for diagnostic procedures, the worldwide integration of the chemical industry, and the necessity of adhering to regulatory standards.

Medical Component Manufacturing Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation surrounds the medical component manufacturing sector, projecting robust expansion over the approaching years, with its valuation set to reach $20.17 billion by the year 2029, reflecting a compound annual growth rate (CAGR) of 7.5%. This upward trajectory throughout the projection timeframe stems from several key factors: an escalating need for tailored medical treatments, heightened attention toward explorations in biotechnology, expansion within environmental analysis sectors, the burgeoning food and beverage industry, and the worldwide broadening of pharmaceutical production. Key shifts foreseen during this period encompass a greater commitment to environmentally conscious (green) chemical methods, wider application of automated systems within lab environments, climbing requirements for niche chemicals, the creation of more ecologically sound chemical procedures, and the incorporation of artificial intelligence into laboratory operational processes.

View the full report here:
https://www.thebusinessresearchcompany.com/report/medical-component-manufacturing-global-market-report

What Are the Drivers Transforming the Medical Component Manufacturing Market?
The escalating need for medical equipment is fueling the expansion of the medical component production sector in the future, given that medical devices comprise apparatus, machinery, appliances, software, implants, or comparable items employed for the detection, averting, oversight, care, or easing of illnesses or medical states in people; this involves the creation of elements like those produced through injection molding and the electronic parts integrated into said devices; for example, data from the International Trade Administration, a US governmental body, showed that the medical instrumentation industry saw an uptick from US$ 1,856 million in 2021 to US$ 2,049 million in 2022 by January 2024, clearly indicating that the increased requirement for medical apparatus propels the market for manufacturing their requisite components.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12550&type=smp

What Long-Term Trends Will Define the Future of the Medical Component Manufacturing Market?
Leading entities within the medical component production sector are advancing sophisticated methods like metal injection molding technology, a process that boosts accuracy while simultaneously cutting down on wasted material in fabrication. This specific manufacturing technique integrates principles from both injection molding and powder metallurgy to yield intricate, highly precise metal components by forcing a combination of fine metal particles and polymer material into a shaped cavity. To illustrate this forward movement, Biomerics, an American firm specializing in medical equipment manufacturing, introduced comprehensive, vertically integrated metal injection molding (MIM) offerings in October 2024, establishing a Center of Excellence to offer these new MIM services, thereby expanding their capacity to fabricate elaborate, top-tier interventional medical instruments.

Which Segments in the Medical Component Manufacturing Market Offer the Most Profit Potential?
The medical component manufacturingmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12550&type=smp

Which Firms Dominate the Medical Component Manufacturing Market by Market Share and Revenue in 2025?
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 dic*kinson 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.

Which Regions Offer the Highest Growth Potential 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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12550

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.