UFP Technologies: Medical Device Contract Manufacturing is a $518 Billion Market - Lake Street Expects Significant Earnings Surprise!
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As a leading contract manufacturer in the healthcare sector, UFP Technologies (UFPT) already serves 25 of the 30 largest manufacturers of medical technology devices. It supports design processes through to series production, including in the aerospace, industrial, automotive and consumer goods sectors. However, 87% of its revenue comes from the medtech segment, which serves a $518 billion market that is expected to grow by 6.3% p.a. until 2032, according to Fortune Business Insights. AI is now likely to provide the breakthrough in surgical robotics,...
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