2019 is looking bright for many industries, including 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 contract manufacturers, as well. Growth for many 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.
Additionally, industry leaders outside of medical device are setting their sights on acquisition and targeting the purchase of medical-based companies in order to diversify and break into the lucrative market. Contract manufacturing partners with medical device design, development and production expertise will be key in helping these specific manufacturers hit the ground running. Read more