MEDICAL

The global medical device industry has continued to expand strongly in recent years and shows robust long-term growth. The industry is currently valued at approximately USD 540–680 billion in 2024–2025, depending on the source, and is projected to reach well over USD 800 billion by 2029 and potentially beyond USD 1 trillion by the early-to-mid 2030s, with a compound annual growth rate (CAGR) in the mid-to-high single digits over the coming decade.

This market encompasses a wide range of products — including surgical instruments, cardiovascular devices, diagnostic and monitoring equipment, home healthcare products, and other general medical devices — all of which are experiencing strong demand globally.

Achieving ISO 13485 certification will significantly strengthen and differentiate our manufacturing capabilities in this expanding industry, helping to enhance quality, regulatory compliance, and customer confidence. Rapid Conn’s manufacturing experience in this sector spans critical components used in hospital beds, dental chairs, blood pressure testing devices, physiotherapy equipment, and more, positioning us well to capitalise on these market opportunities.