With the rapid development of new prototypes and changes to how consumers view healthcare, the medical device market is growing fast. According to the latest market research, the industry will grow annually by 6.3% from 2021 to 2027, reaching a global market value of $625.3 billion. Below, we look at some of the medical device trends for 2022 driving this growth.
5 Medical Device Trends for 2022
New technologies and medical capabilities, including drug discovery and research are driving most of the growth..
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...
The performance of plastic parts often depends on the staking method applied during the manufacturing process. Ultrasonic plastic welding is a popular option among manufacturers, but product designers and process engineers need to keep in mind there may be some issues with the technology.
With ultrasonic welding, the production cycles are fast, it doesn’t require any additional consumables, and it works well in a variety of different applications. When deciding to use ultrasonic technology for the welds and joints, one should consider possible issues that can arise during the design..