by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

2022 Biotech, Biopharma and Contract Manufacturing

It has been a rough couple of pandemic years. We’ve seen market changes, disruptions— and even some major advances within Biotech, Biopharma and medical device. Yes, friends, hope springs eternal, and as we continue to navigate this new normal, our team is looking forward to a 2022 filled with new projects, business relationships and exciting trends within Biotech!

Things are Looking Bright for Biotech & Medical Device in 2022

2022 is looking extremely bright for many industries, including Biotech and medical device! Industry experts predict overall revenue growth driven by continued innovation and emerging technologies.

As markets evolve and drive opportunity, it should be a banner year for medical device-focused contract manufacturers, as well. Growth for many Biotech, Biopharma and medical device OEMs is presenting capacity questions – expand or farm out? With ever-narrowing margins and increased competition, strategic outsourcing bridges the gap quickest and most efficiently. Contract manufacturing partners like Genesis Plastics Welding with medical device design, development and production expertise will be key in helping these OEMs hit the ground running in 2022 and beyond.

So what else can start-ups, OEMs, creators and contract manufacturers look forward to in 2022? Well, a few exciting things and a few continued challenges. Let’s unpack the predicted trends.

  • The continuation of global supply chain challenges – especially within plastics and paper. Strong supply chain relationships and proactive inventory management will be key in 2022. Having an agile contract manufacturing partner skilled in the art of pivoting will help keep much-needed medical device products flowing to market.
  • Acceleration and evolution of point-of-care diagnostic devices – especially rapid-response technologies and devices. The development of these types of in-demand devices in 2020 and 2021 is where Biopharma excelled. I believe we’ll continue to see this trend.
  • A rebound of elective procedures and the medical devices that support them – With the current Covid surge and the Omicron variant, these are once again on hold, but I believe it will be short-lived and elective procedures will be back by spring. We are currently seeing an increase in R&D around devices to support surgical procedures, and that is a great sign.
  • Challenges of increased labor costs across all industries – At the core of a collaborative contract manufacturer is a deep desire to serve well and continually reduce costs and improve efficiency. Despite the hurdles of the pandemic and disruptions caused by labor shortages and labor cost increases, I believe the medical device contract manufacturing industry will continue to rebounded and pivot to serve customers and be a lifeline for Biotech, Biopharma and medical device OEMs.
  • Continued integration of artificial intelligence (AI) within medical device – Daily, we become a more and more connected world. We’ll see even more AI within medical device, especially diagnostics and robotic-assisted surgery.

No matter the medical device, Biotech or Biopharma trends, one key to continued success will be a focus on leveraging strong business partnerships to help bring breakthrough life enhancing, healing and life saving devices to market as quickly as possible. At the center, is smart outsourcing—whether you are in the early design and development phases, prototyping and validation or manufacturing, having outsourced expertise, like Genesis Plastics Welding, on your side can move you faster and more competitively into the market.

Did you know we have a dedicated medical device design and development division? Let’s chat.

Moreover, we all have a lot of living to do this year. The GPW team looks forward to thriving and growing together! Cheers!

-Tom Ryder

by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

Summer 2020 MBA Marketing Internship Opportunity

MBA Marketing Internship Opportunity with Fortville-Based Genesis Plastics Welding

Summer 2020 Paid Undergrad / MBA Internship Opportunity via Indiana Small Business Development Center (ISBDC) Grant:

The purpose of the internship is to help Genesis Plastics Welding expand upon our international sales and marketing product growth.

Position location: Fortville, Indiana (Just East of Indianapolis)

Objective: To develop a proactive export development strategy for Genesis Plastics Welding within the period hired, adhering to the program’s Core-8 Step process and under the guidance of the ISBDC Export Advisor. Duties include substantial foreign market and industry primary and secondary research, weekly interaction and updates with the ISBDC Export Advisor, participation in the Joint EIAP meeting in June, and presenting an executive summary of export strategy during the Exit Presentations Joint Meeting upon program termination in August. Interaction with foreign customers and potential partners is anticipated.

Ideal Candidate: Our ideal candidate must be experienced in marketing strategies, strategic business growth and international market growth, as well as highly self-motivated. The grant allows us to explore both undergrad (rising senior), as well as, MBA students. It is recommended that students are on the Business Track within International Studies.

If you’re interested in learning more, reach out to our Recruiter: 

Shawn Cox | scox@genesisplasticswelding.com | 317-482-4226

About Genesis Plastics Welding:

As an Indiana-based FDA registered ISO 13485:2016 certified contract manufacturer, Genesis Plastics Welding helps global medical device OEMs better care for patients and caregivers through the manufacture of cutting-edge radio frequency (RF) welded and heat sealed thermoplastic products and components. Additionally, we serve clients worldwide within military/defense and other industries.

Our proprietary heat sealing technology, ecoGenesis™, allows RF plastics welding of very thin gauge (down to 0.001 inch) polyethylene, polypropylene and low-loss polymers and can facilitate polyvinylchloride (PVC) and polyurethane (PU) replacement with phthalate-free plastics.

As a provider of comprehensive contract manufacturing services for Class I, Class II and Class III medical devices and components, we pride ourselves in staying abreast of the latest industry trends and technologies and taking the time to understand our clients’ challenges while supporting their business needs and goals. By actively collaborating together, we spark new ideas and produce viable answers that enable innovation.

We currently manufacture surgical products, infection prevention products, oxygen hoods, medical fluid bags (collection, waste, transfer and other custom bags), wound care products, temperature management products, bioprocessing bags, cryogenic storage products, personal protective products and other medical and military products.

In 2018, we announced a new division – MedTech Launch by Genesis Plastics Welding. This division is strategically aligned to assist clients in navigating the product launch process, from initial concept to commercialization, with a focus on design, prototyping, quality management, risk management, regulatory support and overall manufacturability.

Over the last three decades, we have continued to invest in the expansion and improvement of our leadership, facilities, equipment, technologies and employees.

Equal Opportunity Employer: Genesis Plastics Welding is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

Ana Dawes Joins Genesis Plastics Welding as Quality Assurance Manager

Ana Dawes, Genesis Plastics Welding

FOR IMMEDIATE RELEASE

For more information,

Genesis Plastics Welding

317-485-7887

marketing@genesisplasticswelding.com

 

Ana Dawes Joins Genesis Plastics Welding as Quality Assurance Manager

Tom Ryder, president and CEO of Indianapolis-based radio frequency welding contract manufacturer Genesis Plastics Welding, Inc., announced today the hire of Quality Assurance Manager Ana Dawes.

“Ana’s hands-on experience with quality engineering and inspection methods and techniques will only heighten early-stage quality assurance planning as we continue to grow,” says Ryder. “We look forward to Ana building upon the strong foundation of our current ISO 13485 quality management system as we strive to continuously improve upon all that we do here at Genesis Plastics Welding.” Dawes, a Six Sigma Black Belt, possesses an impressive background with more than 20 years of quality engineering and quality management system experience.

Read more

by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

Third Annual Fortville Pay It Forward Yard Sale

Our third annual Pay It Forward Yard Sale is in the books! Once again the community we are honored to work within left us in awe of their generosity. Read more about the results of the sale via an article from the Fortville-McCordsville Reporter.

[In the News] Annual Community Yard Sale Gives Ten West Theater a Boost

The third annual Genesis Plastics Welding Pay It Forward Yard Sale took place Saturday, August 12, 2017, and the results proved again the premise is a successful one: people coming together to run a rummage sale can raise a sizeable sum for a good cause.

This year, that sum was $1558 and the cause was Ten West Center for the Arts.

“The funds are going in part to help repair a section of roof that raccoons severely damaged earlier this summer,” Ten West Event Coordinator Andrew Okerson wrote in an email to the Fortville-McCordsville Reporter. “Some will also go to the theater program to help get the next show going.”

“We are blown away by such a generous donation. And it is even more special knowing that this one check came from countless members of the community donating and purchasing at the pay-it-forward yard sale,” said Okerson.

Genesis Plastics Welding President and CEO, Tom Ryder, who wrote in an email that the Genesis Plastics Welding team enjoys giving back to the community “in such a fun way” and he, too, is amazed at the event’s impact.

“Even though this was our third year for the Pay-It-Forward Yard Sale, it still amazes me how much good can come from donating and purchasing at a Saturday yard sale. Numerous members of the community, Main Street vendors, our employees, family, and friends all come together to make this event possible and support a local non-profit.”

“I’m pleased that this year’s benefiting charity was Ten West Center for the Arts. Their youth programs have a tremendously positive effect within Fortville and Central Indiana,” said Ryder.

 

by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

[In the News] Growth Within Radial Compression Devices Market

The use of radial compression devices within the healthcare setting is rapidly rising in the United States and the United Kingdom. In North America traditional femoral artery access is still the used more often, but due to lower bleeding and lower site complications, radial access is growing considerably.

In the UK, more than 75% of percutaneous coronary intervention (PCI, formerly known as angioplasty with stent) are administered through radial access. The paralleled rise in the occurrence of radial artery occlusion may be playing a factor in the increased demand for radial compression. Experts also note a desire to adopt procedures and proven innovative devices that help bring about positive patient experiences, medical savings, and shorter hospital stays.

To read more about how radial compression devices are gaining traction and will grow to a $330 million market in the U.S. by the end of 2026, click here.

Working on developing an innovative radial compression device? Genesis Plastics Welding is a proven outsourced manufacturing partner who can help you navigate the essentials of development and production of compression devices.

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