Medical Component Manufacturing Market Size, Share & Research Report 2022 to 2030

The global Medical Component Manufacturing market size is expected to be worth around US$ 20.93 billion by 2030, according to a new report by Vision Research Reports.

The global Medical Component Manufacturing market size was valued at US$ 11.36 billion in 2020 and is anticipated to grow at a CAGR of 5.4% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 20.93 billion by 2030
Growth Rate CAGR of 5.4% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Process
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Anchor Harvey; Rejointsrl; Nexxt Spine, LLC; 3D Systems, Inc.; Heraeus Holding; Simalex; American Casting Company

Growth Factors

Rising demand for medical devices owing to the prevalence of lifestyle-related diseases and increasing demand for healthcare services and smart devices, such as wearables, are projected to fuel the market growth over the forecast period. There has been a transformation in the methods of treatment and diagnosis with the rising use of wearables and other healthcare equipment at home. Clinicians and doctors receive intelligence from wearables and devices to prevent and monitor diseases and patients avoid unnecessary trips to hospitals.

The rising geriatric population is projected to remain an indirect contributor to market growth. There has been a change in the pattern of the aging population across the globe in the recent past owing to the decreasing levels of fertility and rising life expectancy. This has led to a longer lifespan of people, wherein the share of old people or geriatric population is growing at a rapid pace. As per the United Nations, there are over 727 million people globally who are aged 65 or above as of 2020.

By Process Analysis

Plastic injection molding held the largest revenue share of over 65.0% in 2020. The plastic injection molding process involves the melting of plastics (thermoplastics/thermosetting polymers) to make them malleable.

Advantages of the plastic injection molding process include the ability of the components manufactured using this process to meet regulatory standards and exact specifications of the healthcare industry. The plastic injection molding process is used to develop surgical equipment and parts; housings and casings for laboratory equipment; test tubes, beakers, and other containers; drug delivery equipment and components; and orthopedic products.

The 3D printing segment is projected to remain the fastest-growing segment and achieve double-digit growth over the forecast period. The 3D printing process is used to develop surgical instruments such as hemostats, needle drivers, scalpel handles, medical clamps, retractors, and forceps; customized body parts and prosthetics; orthopedic implants for hips, knees, and wrists; and equipment and instruments.

The forging segment was the second-largest segment in 2020. The forging process prevents wastage, which occurs during the machining process of workpieces that compromises their mechanical strength and results in the formation of sharp edges and burrs in them.

By Regional Analysis

North America held the largest revenue share of over 41.0% in 2020. Increasing investments in healthcare and rising demand for healthcare products in the U.S., Canada, and Mexico are expected to boost the demand for medical component manufacturing in the region.

In the North American market, the U.S. accounted for the largest revenue share of over 86.0% in 2020 and is projected to maintain its lead over the forecast period. The presence of numerous medical device companies in the country is projected to attract significant demand for medical components.

The European market is one of the largest in the world and attracts significant demand for medical products. The total healthcare expenditure in Europe was around USD 2.8 trillion as of 2020 and accounted for a share of nearly 8.3% in GDP.

Asia Pacific is home to seven of the world’s ten most populous countries and accounts for 60% of the global population. Thus, the region is likely to attract significant demand for healthcare products over the coming years.

Key Players

  • Anchor Harvey
  • Rejointsrl
  • Nexxt Spine, LLC
  • 3D Systems, Inc.
  • Heraeus Holding
  • Simalex
  • American Casting Company

Market Segmentation

  • By Process
    • Forging
    • Metal Injection Molding
    • 3D Printing
    • Ceramic Injection Molding
    • Investment Casting
    • Plastic Injection Molding
  • Regional
    • North America
      •  U.S.
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Medical Component Manufacturing Market, By Process

7.1.  Medical Component Manufacturing Market, by Process, 2021-2030

7.1.1.    Forging        Market Revenue and Forecast (2017-2030)

7.1.2.    Metal Injection Molding        Market Revenue and Forecast (2017-2030)

7.1.3.    3D Printing        Market Revenue and Forecast (2017-2030)

7.1.4.    Ceramic Injection Molding        Market Revenue and Forecast (2017-2030)

7.1.5.    Investment Casting        Market Revenue and Forecast (2017-2030)

7.1.6.    Plastic Injection Molding        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Medical Component Manufacturing Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Process (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America        Market Revenue and Forecast, by Process (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Process (2017-2030)

8.2.2.    UK        Market Revenue and Forecast, by Process (2017-2030)

8.2.3.    France        Market Revenue and Forecast, by Process (2017-2030)

8.2.4.    Rest of Europe        Market Revenue and Forecast, by Process (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Process (2017-2030)

8.3.2.    India        Market Revenue and Forecast, by Process (2017-2030)

8.3.3.    China        Market Revenue and Forecast, by Process (2017-2030)

8.3.4.    Japan        Market Revenue and Forecast, by Process (2017-2030)

8.3.5.    Rest of APAC        Market Revenue and Forecast, by Process (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Process (2017-2030)

8.4.2.    GCC        Market Revenue and Forecast, by Process (2017-2030)

8.4.3.    North Africa        Market Revenue and Forecast, by Process (2017-2030)

8.4.4.    South Africa        Market Revenue and Forecast, by Process (2017-2030)

8.4.5.    Rest of MEA        Market Revenue and Forecast, by Process (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Process (2017-2030)

8.5.2.    Brazil        Market Revenue and Forecast, by Process (2017-2030)

8.5.3.    Rest of LATAM        Market Revenue and Forecast, by Process (2017-2030)

Chapter 9.    Company Profiles

9.1.  Anchor Harvey

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Rejointsrl

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Nexxt Spine, LLC

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  3D Systems, Inc.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Heraeus Holding

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Simalex

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  American Casting Company

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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