Expansive Growth Predictions; Medical Device Manufacturing 2017

Medical_device_growth.jpgThe medical device market is growing at a rapid rate. With advancements in technology and manufacturing capabilities, medical instrument companies are seeking accelerated time to market and improved quality and cost control. How do these changes influence market sales and the selection of an outsourcing partner?  

In a recent article in Medical Design BriefsRalph Hugeneck, Senior Director of Technology at Nypro Healthcare, discusses the trends that are impacting the medical device industry. 

Incorporating sensors, controls, wireless connectivity, firmware, and remote monitoring into new devices are emerging trends influencing the industry. To obtain a competitive edge, medical instrument companies who do not have in-house design or manufacturing capabilities should seek a contract manufacturing partner who offers both engineering and manufacturing expertise. Leveraging knowledge and experience in today's advanced technologies is an essential strategy for success in today's market. 

The article states that medical device companies which... "lack the knowledge, expertise, and infrastructure to successfully integrate IT components into their products, or to apply computer-driven manufacturing techniques... often turn to manufacturing service providers with specialized capabilities." 

The next generation of tech-enabled medical devices include:

  • Connecting devices to the Internet of Things (IoT)
  • Using additive manufacturing (3D printing)
  • Producing wearable electronics such as “smart” clothing, skin-adhered sensors

With recent growth outlooks, Visiongain released a report predicting the expansive growth of the medical device market to reach $398 billion in 2017. How are tech-enabled devices predicted to make such an impact in the market? 

  • Patients are increasingly tech savvy, bringing a strong market to point of care applications where the patient can self monitor from their home, rather than a hospital.
  • Technology has a global presence, thus making affordable devices more available in middle class nations such as India and China.
  • With an aging population subject to chronic conditions such as diabetes, devices which can track when a medication is taken, how often, and at what dosage is increasingly desired.

How 3D printing impacts prototyping

3D-Part-Printer.pngThe article discusses how, in recent years, additive manufacturing has made a relatively big impact in the medical instrumentation industry. Creating successive layers of material to build three dimensional shapes, otherwise known as 3D printing, manufacturers have found an effective way to fully customize parts to better fit and build devices.

Noting how 3D printing allows designers the flexibility to make changes easily and quickly in the design stage of the instrumentation, the article cites the major benefits arising from 3D printing. The main benefit is faster prototyping which avoids designing and building mold tools, which in turn is cost and time efficient. 

Avoid the hurdle of researching and locating a manufacturing firm to handle your next medical device design and manufacturing project. KMC Systems has over 35 years of proven success as an engineering and contract manufacturing firm.  Offering knowledge and expertise in taking initial concepts thru design and development, and successfully bringing instrumentation to market, all while adhering to quality regulatory compliance. KMC is sure to be your next proven partner in medical device development. 

To learn more about KMC Systems' capabilities, download the brochure.

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Topics: medical device manufacturing, 3D Printing