Medical Devices: The Growing Opportunities for CMOs rootsanalysis.com

In 2020, the global medical devices market is estimated to reach a net worth of approximately USD 430 billion. However, most developers lack adequate resources and the necessary expertise to manufacture medical devices and related components. Given the demand for medical devices, the opportunity for CMOs with expertise in medical devices is steadily rising. It is worth highlighting that, since 2000, more than 65 CMOs have been established. CMOs are known to offer significant cost-benefits, access to sophisticated / up-to-date infrastructure, large production capacities and reduction in time-to-market.