At GrowthMedics we specialize in supporting CMO’s with their expansion through European OEM markets.
From injection molded solutions, coating services, to wearables, catethers, electronics and plastics. As new technologies and market trends arise in Europe, this blogs will give a brief overview on the European market.
Check out our market expertise page on component manufacturing to read case studies and how we assist worldwide CMO’s gain new OEM partnerships across Europe.
Market size & growth:
Current market trends in the industry:
Digitalization and Industry 4.0 Integration: The European market is witnessing a shift towards digitalization and Industry 4.0 practices. Smart manufacturing, data analytics, and automation are becoming integral components of the manufacturing process, enhancing efficiency and precision.
Focus on Sustainable Practices: Sustainability is no longer just a buzzword; it’s a driving force in manufacturing. European companies are increasingly adopting eco-friendly practices, aligning with the global movement towards environmentally responsible manufacturing.
Rise of Additive Manufacturing: 3D printing and additive manufacturing technologies are gaining prominence in the European market. These technologies offer unparalleled flexibility in design and rapid prototyping, revolutionizing the production of intricate medical components.
Largest OEM Markets in the European Medical Industry:
Interested to learn how we helped a contract manufacturer expand in the European market through leading OEMs? Click here to read the case study.
If you are manufacturing components or are a contract manufacturing with the ambitions to enter and become a key player in the European medical OEM industry, feel free to reach out to us for a consultation.
Book a meeting with us here to meet at the MD&M West 2024!