by Genesis Plastics Welding Marketing Team Genesis Plastics Welding Marketing Team

2023 Medical Device Manufacturing Trends

The last few pandemic years have been full of disruptions and hurdles, but also, amazing collaborations and pivots, especially within medical device —  let’s chat 2023 medical device manufacturing trends with Genesis Plastics Welding’s Tom Ryder.

2023 Medical Device Manufacturing Trends

Minimally Invasive and Wearable Devices

Integrated, minimally invasive and wearable devices that track key health data and provide instant feedback are quickly becoming a healthcare game changer. They also are fueling better patient outcomes.

Recently, Genesis has been proud to work with medical device OEM Recovery Force on a first-of-its-kind, therapeutic mobility measurement tool, The Movement and Compressions™ (MAC) System. The innovative wearable medical device stimulates blood flow in the lower extremities by delivering therapeutic compression for the prevention of deep vein thrombosis (DVT) in at-risk patients.

The minimally invasive, wearable and digital health device niche will only continue to grow over the next decade.

Medical Device Supply Chain Collaborations

Many OEMs and their supply chain vendors have experienced procurement shortages, delays and constraints over the pandemic. Additionally, there have been increased costs and logistics nightmares.

In the midst of all of that, there has been resiliency as well. Those that have remained the most flexible have noted proactive communication and strategic outsourced collaboration at the core of their resiliency. That starts with building long-lasting business relationships and giving vendors visibility of upcoming needs.

As an industry leader within plastics radio frequency (RF) welding and heat sealing contract manufacturing, we know collaborative outsourcing is essential to fueling innovation and bridging the gap from concept to commercialization quickly, safely and effectively.

For Genesis, our strong medical film supplier relationships have been key for us and our customers. It’s helped bring next gen medical devices and components to market even in the middle of the storm, and help propel new innovative devices to market faster than ever.

Sustainability & Regulatory Considerations

Sustainable solutions to minimize OEMs carbon footprint will continue to be a growing trend.

The EU’s pledge to ban the use of harmful chemical groups like PFAS, BPA and PVC by 2030 has many medical device OEMs scrambling to pinpoint non-PVC medical-grade material alternatives for applications such as tubing and containers, IV sets, surgical products, fluid bags (especially blood bags), and many other plastic medical device products to continue to innovate and bring life-saving devices to market around the world.

OEMs, Seize the Moment with Quick Action

No matter the 2023 medical device manufacturing trends, as always, tomorrow’s market belongs to medical device leaders who seize the moment and act quickly to meet ever-changing demands. 2023 looks to be a banner year for medical device contract manufacturers, especially those supporting OEMs within therapeutics and wearable devices.

Make sure you’re ready to competitively seize the moment even quicker than ever before with smart outsourcing. You can’t afford just any contract manufacturing supplier. You need an expert on your side. Let’s chat.

Curious about even more 2023 healthcare and medical device trends? Check out this Forbes article.

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