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,..
The recent focus on medical devices and their capabilities reinforces the importance of streamlined manufacturing techniques. With Thermal Press plastic assembly equipment, you can create any type of medical device that can help improve an agency’s ability to provide care and data for health improvement and management.
The medical device market was set to grow by 1.7% and manufacturing could reach $45.3 billion in the United States this year. With new focus and additional stock required, keeping your facility’s manufacturing capabilities in tune with demand just..
Between space and medicine, you’d be hard-pressed to find a more regulated industry. This makes sense as these industries contain many of the same dangers. In space, vacuum tight seals are important for survival.
In medical devices, having precisely measured seals can also mean life and death, so regulations are just as stringent. The many different applications of heat seals in the industry (such as ports & plates) require the highest standard of equipment manufacturing to deliver consistent, validated results.