There’s an air of optimism that always surrounds the beginning of a new year. While the newfound enthusiasm that accompanies a fresh start may fade for many, we’re sensing the positive upswing within the medical device market will continue throughout 2015.

In fact, the global market for medical devices is estimated to reach $427 billion by 2018. The market potential has not gone unnoticed, as more companies have begun to diversify through the addition of medical device divisions.

However robust, the medical device market is not without its challenges. As companies look to replenish innovation pipelines, adapt to a changing global regulatory and risk environment and search for opportunities for growth amidst pricing pressures, collaborative partnerships will become increasingly important.

At Genesis Plastics Welding, we’ve been navigating the ever-evolving medical device market for years. We dipped our toes in years ago when we first started manufacturing ankle braces. Since then, Genesis has expanded with 3 medical device clean rooms and our ISO 13485 certification.

It’s an exciting year for us as we remain ahead of the curve in this rising trend toward medical device market expansion. With years of experience already under our belt, we’re in a prime position to serve the growing needs of the market and OEMs.

If your company is thinking the medical device market is where it needs to be, you might be right. Find out how our collaborative partnership with a medical device company allowed them to maintain costs while increasing production and reducing risk to the supply chain. Contact us today to learn more about how we can help you.