To kick off 2020, we sat town with Genesis Plastics Welding President and CEO Tom Ryder to take a look at the latest industry trends within medical device contract manufacturing. He noted there has never been a better time to be in specialized contract manufacturing.
Many medical device contract manufacturing organizations (CMOs) are seeing considerable growth due to high demand for innovative home health products, noninvasive surgical devices and connected digital health devices.
Large OEMs are seeking collaborative third party relationships to increase capacity, while remaining cost-effective and versatile. Small to medium start-ups are seeking ways to keep costs down and increase their speed to market.
From large to small, OEMs are relying on CMOs for everything from added manufacturing capacity to product design and development to technical expertise. Multifaceted partners will be key in 2020 and beyond for all OEMs to continue to bring sophisticated niche medical devices to market. Read more