Global MedTech CMO market valued at $53.6 bn in 2021, is growing at a significant rate of 5%, driven by rising outsourcing in MedTech market
The MedTech Contract Manufacturing Organizations (CMO) market is growing slightly ahead of the underlying growth in MedTech market as a result of increased outsourcing by OEMs and higher growth rates in segments like Drug delivery and MIS (Minimally Invasive Surgery). Medi-Tech Insights’ latest research report on MedTech CMO market analyses the global market with respect to end-market segments, geography, technologies and materials. Based on our research, the global MedTech CMO market can be split into various end-market related segments like Orthopaedics, MIS, Cardiovascular, Surgical instruments, IVD and other end-market segments. While segments such as Orthopaedics are mature in terms of level of outsourcing, increasing use of robotics, single-use devices are causing higher growth. In terms of geography, United States followed by Germany, UK, Ireland, China, Malaysia and Singapore are some key countries with large presence of MedTech CMO sites. Metals and Polymers contribut...