U.S. Medical Device Outsourcing Market Is Likely To Up Demand At USD 46.2 Billion By 2028
San Francisco, 3 Jan 2022: The Report U.S. Medical Device Outsourcing Market Size, Share & Trends Analysis Report By Service (Contract Manufacturing, Quality Assurance), By Application (Class I, Class II, Class III), And Segment Forecasts, 2021 - 2028 The U.S. medical device outsourcing market size is expected to reach USD 46.2 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growing geriatric population, rising surgical procedures, and increasing demand for cost curbing tools are some key growth drivers for the U.S. market. The medical device industry has become competitive and categories such as coronary stents, orthopedic devices, and wound care are moving towards maturity. As high-impact scientific innovation in the above categories is difficult to identify, smaller companies are gaining market share by offering low prices and introducing innovative business models. Due to the conver