According to Precedence Research, medical device companies worldwide spent $53.71 billion on contract manufacturing in 2019 – and are expected to spend $97.52 billion annually by 2027. No doubt you're constantly examining your company's development costs, looking for ways to become more efficient.
Underestimating Assembly Costs
It's easy, especially in the planning stages, to underestimate manufacturing and assembly costs. It's natural to focus on the price of the components and assume that's going to be the bulk of your expenses. However,..