Medical Component Manufacturing Market Size, Opportunities and Forecasts 2030
Medical Component Manufacturing Industry Overview The global medical component manufacturing market size is expected to reach USD 15.93 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2021 to 2030. The rising demand for 3D printed parts in the medical industry is projected to contribute to market growth. Medical Component Manufacturing Market Segmentation Grand View Research has segmented the global medical component manufacturing market on the basis of process and region: Based on the Process Insights, the market is segmented into Forging, Metal Injection Molding, 3D Printing, Ceramic Injection Molding, Investment Casting, Plastic Injection Molding. 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. It is followed by injecting them int...