Medical Device Enclosure Market About To Hit The CAGR Of 8.6% By 2030 | MarketResearch.Biz
Medical enclosures are used to protect portable devices and standalone devices from wear and tear. The materials used for making medical enclosures depends upon the nature of device for which it is being used, materials such as plastics, stainless steel, aluminum, and other materials are used to make medical enclosures. In simple words, a medical enclosure can be stated as a cabinet or chamber (closed) used to enclose a medical device within it. Medical enclosures are used to increase the durability of medical devices that are used in implants, monitoring purposes, diagnostics, and therapeutic purposes. They also provide fire, water, and dust protections, besides that enclosures are used to prevent contamination, microbial infection, and other such defects. Manufactures prefer plastics as the choice of material for small medical devices as it provides the advantage of style, modelling and cost-effective as compared to other materials. Medical enclosures are used by hospitals, clinics, and small organizations as medical devices costly and they cannot repurchase them.
The Global Medical Device Enclosure Market is projected to reach US$ 7,303.0 Mn by 2030 from US$ 3,240.2 Mn in 2020 at a CAGR of 8.6%. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 20.0 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Global Medical Device Enclosure Market: Market Dynamics
The Medical Device Enclosure Market is driven the factors such as U.L. 94V-O and I.P. 65/NEMA 4 ratings for fire and water, as the enclosures are not flammable and waterproof, positive results from government test such as U.L. and FCC in the U.S.; C.E. and British standards in UK, increasing patients due to lifestyle based diseases and rising concerns of hospitals and clinics over hygiene, the durability, toughness and other protective advantages provided by medical enclosures.
However, there are certain factors hampering the growth of the target market are the designs of the medical enclosures as they need to have a good user interference, input/output ports, and wires should properly manage for easy operation and the covid-19 pandemic has also impacted the medical device industry. It has impacted the global supply chain of raw materials and delays in the manufacturing process, delivery of products, etc.
Global Medical Device Enclosure Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global medical device enclosure market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global medical device enclosure market is estimated to expand at a moderate CAGR of 8.6% during the forecast period.
Global Medical Device Enclosure Market: Segmental Snapshot
The market report has been segmented on the basis of product type, material type, application, end-use industry and region. The product type segment includes handheld enclosures, wearable enclosures, countertop enclosures, and wall-mounted enclosures. The material type segment includes plastic, stainless steel, aluminium, and other material types. The end-use segment includes hospitals, clinics, ambulatory surgical center, and other end-use. The region covered in the analysis are North America, Europe, APAC, South America, and MEA.
By product type: The handheld enclosures segment is expected to register a CAGR of over 9.5%, thereby accounting for the highest revenue share among the type segments.
By material type: The plastic segment is expected to register a CAGR of over 10.0%, thereby accounting for the highest revenue share among the material type segments.
By end-use: The hospitals steel segment is expected to register a CAGR of over 9.4% over the forecast period, thereby accounting for the highest revenue share among the end-use industry segments.
By region: The market in North America accounted for the highest revenue share in the global Medical Device Enclosure market in 2020 and is estimated to register a CAGR of over 9.2% between 2020 and 2020.
Global Medical Device Enclosure Market: Competitive Analysis
The research report on the global Medical Device Enclosure market includes profiles of major companies such as Integer Holdings Corp., Mirion Technologies Inc. (Biodex Medical Systems, Inc.), BERNSTEIN AG, TAKACHI Electronics Enclosure Co., Ltd, Armagard Ltd., Odenwälder Kunststoffwerke Gehäusesysteme GmbH, Bud Industries, Inc., Productive Plastics, Inc., Thermofab, Precision Sheet Metal Works, Norpin Manufacturing Co, Inc., Toolless Plastic Solutions, Inc., SOLOTEC Scientific, J&E Manufacturing, and Ningbo Keao Plastic & Mould Factory.
The Global Medical Device Enclosure Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global medical device enclosure Market for 2020–2030.
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- Krutika Bhoot
- Website: Medical Device Enclosure Market