• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Deep (Brain) Thoughts with Medtronic's Neuromodulation President

    Grab and Go: Examining the Thrombectomy Device Market

    Fine Print: A Discourse on Additive Manufacturing

    MPO's 2022 Medtech Industry Year in Review

    Micro Molding for Medtech Is Miniature Magic
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Regulatory
    Financial/Business
    Top News
    BMP Medical Expands Sterling, Massachusetts Facility

    Abbott's Proclaim XR SCS OK'ed for Diabetic Neuropathy

    Environmental Sustainability Becoming Increasingly Important to Medtech Industry

    Duane DiFranco Joins Harvard MedTech’s Medical Advisory Board

    Lionel Bonte Named President of Mativ’s Healthcare and Wellness Business Unit
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Deep (Brain) Thoughts with Medtronic's Neuromodulation President

    Grab and Go: Examining the Thrombectomy Device Market

    Fine Print: A Discourse on Additive Manufacturing

    MPO's 2022 Medtech Industry Year in Review

    Micro Molding for Medtech Is Miniature Magic
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Reflections on 2022 and What’s Ahead for Medtech: MPO Sounding Board

    3 Ways to Prepare for ISO 13485/Part 820 Harmonization

    A New Home for Theranos' Elizabeth Holmes?

    Health Cost Drivers for Large Employers

    Braving Change: Facing Fears in the Midst of Major Transitions
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Halkey-Roberts Corporation

    Arthur G. Russell Co. Inc., The

    Forefront Medical Technology

    JBC Technologies

    Providence Enterprise USA Inc.
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    How Artificial Intelligence Can Combat Key Issues Impacting Healthcare

    Why Advanced Sensors Are Crucial Within Medical Pumps

    How Artificial Intelligence Could Help Prevent 80% of Chronic Diseases

    4 Ways to Use Injection Molding in Medical Device Manufacturing

    Telemedicine and Connectivity to Drive Material Innovation in the Near Future
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    Halkey-Roberts Corporation

    Arthur G. Russell Co. Inc., The

    Forefront Medical Technology

    JBC Technologies

    Providence Enterprise USA Inc.
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • eBook
    • Resources
    • Podcasts
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Online Exclusives

    4 Medical Manufacturing Trends Driving Growth in 2020

    Medical device manufacturing is poised for 5.6 percent growth each year between 2017 and 2023.

    4 Medical Manufacturing Trends Driving Growth in 2020
    Related CONTENT
    • Medical Devices Market to Top $671.49 Billion by 2027
    • The Importance of Metal Fabrication in the Innovation of Medical Devices
    • How Medical Device Connectivity Is Improving Accessibility in Healthcare
    • Greg Cebular Named as President of Mack Prototype
    • Pandemic Underscores Importance of Medtech Material Innovation
    Megan Ray Nichols, Science Writer; Editor, Schooled By Science03.17.20
    New technologies and materials, plus socioeconomic and geopolitical trends, are forcing every industry to adapt. Medical manufacturing is no different. This sector is ready for significant growth in 2020 and beyond, with medical device manufacturing alone poised for 5.6 percent growth each year between 2017 and 2023.
     
    The following medical manufacturing trends represent both the causes of this growth and the industry’s solutions for capitalizing on it.
     
    1. Wearables Create New Form Factors and Opportunities
    Industry analysts expect the wearable medical device market to grow even more quickly than medical manufacturing in general. Wearables are set for 27.9 percent growth each year until at least 2027.
     
    A recent study found 58 percent of polled subjects were comfortable using wearable health technology. This means designers and manufacturers of medical devices have lots of opportunities to stake a claim in an important market.
     
    Each of these opportunities represents a chance at significant business diversification and growth, including:
     
    • Wearable technologies for keeping employees safe at the workplace or jobsite
    • At-home wearables for patients who can’t travel
    • Worn devices for children to help parents and caregivers keep track of them
    • Biosensors to collect real-time data on patients in unpredictable or unstable conditions
     
    Research shows that some worn biosensors could reduce patient deterioration by 89 percent and make it much more likely doctors can intervene before respiratory or cardiac arrest.
     
    The technology and medical worlds are already deeply connected, but their mutually beneficial relationship will only grow closer in 2020.
     
    2. New Materials and Design Languages
    Growth in the wearable and mobile technology sectors won’t just create new product categories for designers and manufacturers to experiment with. It also raises the bar regarding material choices and designing products for long and productive lifespans.
     
    The next several years of development in medical manufacturing will be an “arms race” as companies work to deliver solutions for:
     
    • Novel ways to manage heat and battery life in miniaturized wearable technologies such as sensors, implants, wrist bands, and watches.
    • Compact and durable product housings for use in rugged environments, such as distribution facilities, the military, and healthcare settings.
    • Flexible and semiflexible programmable logic boards to affix each component securely without sacrificing shock absorption or the durability of the finished product.
     
    Researchers and material suppliers are always finding new formulas and combinations that solve problems or combine effectively with current methods. Medical manufacturers must know how to spot useful and novel materials to meet these needs. Those that do will position themselves well to compete in crowded and growing markets.
     
    One example is using thermoplastics and coated fabrics to create flexible products that offer strength and leak-proof performance even while housing sensitive electronics. The most weldable flexible materials available today feature what are known as "polar molecular properties." This is what gives them their weldability. A manufacturer may employ RF welding to create practically seamless joins in the material, making it suitable to house a flexible PCB or something similar, and unlocking considerable "worn computing" potential.
     
    Other examples involve taking materials already common in medical manufacturing and using new techniques to improve them. Nickel is a high-performing metal common in medical devices, but a hybrid fabrication technique developed at Purdue University further enhances its strength, corrosion resistance, and ductility. Without Purdue's or other new techniques, nickel is prone to localizing stress and corrosion along the areas where its crystalline grains abut one another. The team's electrodeposition technique has implications in several industries, including micro-electro-mechanical devices such as medical implants.
     
    3. Additive Manufacturing Streamlines and Personalizes Healthcare
    Additive manufacturing, also known as 3D printing, is now a permanent part of the world’s healthcare apparatus. A market analysis from SmarTech Publishing estimates that, by 2026, close to 3.2 million 3D-printed medical implants may be in use throughout the world.
     
    The wider accessibility of additive manufacturing means medical device companies have lots of opportunities for growth and expansion. 3D printing lends itself perfectly to bespoke medical devices as well as limited runs of products aimed at smaller, less historically profitable groups of patients with unmet needs.
     
    The opportunities unlocked by 3D printers extend to the manufacture and delivery of customized medicines, too. Spritam became the first FDA-approved 3D-printed drug in 2016. This sector is now set for rapid growth, reaching $278 million in 2020 and $522 million in 2030 by sustaining a 6.5 percent CAGR.
     
    4. New Regulations and Standards Increase Opportunity
    Neither manufacturing nor technology exists in a vacuum. They influence and are influenced by regulations and standards drawn up by governments and industry groups.
     
    The European Union will see several new or revised regulations take effect in 2020 that directly impact medical device manufacturers. One way the EU’s new rules affect the worldwide medical manufacturing industry is by raising the bar for supply chain traceability and individual device identification.
     
    Of course, the approach to regulating the design and manufacture of medical devices is not consistent around the world.
     
    The U.S. Food and Drug Administration (FDA) announced at the end of 2019 it was relaxing premarket review requirements for many medical product categories. These categories include plastic surgery, urology, ophthalmology, radiology, neurology, gynecology, cardiology, and many others.
     
    Some argue the FDA should be tightening, rather than loosening, the approval process for medical devices and other products. For manufacturers, though, the opportunity this represents is clear.
     
    The FDA has cleared the way for hundreds of Class I and Class II medical products to reach customers’ hands more quickly than they previously would have. This is a chance manufacturers will likely be keen to capitalize on throughout 2020 and well beyond.
     
    Other Factors Leading to Growth in Medical Manufacturing
    Many other factors are impacting medical manufacturing and bringing about growth. One of these is the aging of the global population. The UN notes that “virtually every country in the world” is seeing its proportion of elderly citizens increase. This demographic shift is a major opportunity for the industry to capitalize on.
     
    It’s hard to understate the influence of new manufacturing technologies, including the Internet of Things. Manufacturers have unique methods for verifying the quality of products as well as the cleanliness of the manufacturing environment, including ultrasonic cleaning and automated inspections.
     
    Perpetual growth in any industry is far from guaranteed, but this combination of influences means big changes as well as major opportunities for companies in this sector.


    Megan Ray Nichols is a science writer and the editor of Schooled By Science. Her work regularly appears on Real Clear Science, Manufacturing.net, and Astronaut.com. Keep up with Megan by following her on Twitter.
    Related Searches
    • business
    • development
    • supply chain
    • military
    Suggested For You
    Medical Devices Market to Top $671.49 Billion by 2027 Medical Devices Market to Top $671.49 Billion by 2027
    The Importance of Metal Fabrication in the Innovation of Medical Devices The Importance of Metal Fabrication in the Innovation of Medical Devices
    How Medical Device Connectivity Is Improving Accessibility in Healthcare How Medical Device Connectivity Is Improving Accessibility in Healthcare
    Greg Cebular Named as President of Mack Prototype Greg Cebular Named as President of Mack Prototype
    Pandemic Underscores Importance of Medtech Material Innovation Pandemic Underscores Importance of Medtech Material Innovation
    Rice Team Building Insulin-Producing Implant for Type 1 Diabetes Rice Team Building Insulin-Producing Implant for Type 1 Diabetes
    Electronics Integration Impacting Medtech Materials Electronics Integration Impacting Medtech Materials
    Metal Injection Molding and Metal 3D Printing Examination Metal Injection Molding and Metal 3D Printing Examination
    Desktop Health Adds PhonoGraft Platform to Its Technology Platform Desktop Health Adds PhonoGraft Platform to Its Technology Platform
    «driven» takes a look at the fourth planet «driven» takes a look at the fourth planet
    Second U.S. Patent Awarded to Alvalux for Wearable Light Therapy Device Second U.S. Patent Awarded to Alvalux for Wearable Light Therapy Device
    LifeConnect Partners With Movement Interactive and AffirmXH LifeConnect Partners With Movement Interactive and AffirmXH
    GE Healthcare, ACC Team Up to Advance AI in Cardiac Care GE Healthcare, ACC Team Up to Advance AI in Cardiac Care
    Materialise Acquires Option to Buy Link3D Materialise Acquires Option to Buy Link3D
    Alvalux Medical Awarded Patent for Wearable Dermal Repair System Alvalux Medical Awarded Patent for Wearable Dermal Repair System

    Related Breaking News

    • Medical Devices Market to Top $671.49 Billion by 2027

      Medical Devices Market to Top $671.49 Billion by 2027

      Wearables and rising cases of chronic diseases will help fuel growth, industry data predicts.
      Precedence Research 09.16.21

    • Machining & Laser Processing
      The Importance of Metal Fabrication in the Innovation of Medical Devices

      The Importance of Metal Fabrication in the Innovation of Medical Devices

      How metal fabrication powered by CNC machines has come to the rescue of the innovation of medical devices.
      Peter Jacobs, senior director of marketing at CNC Masters 08.17.21

    • Digital Health
      How Medical Device Connectivity Is Improving Accessibility in Healthcare

      How Medical Device Connectivity Is Improving Accessibility in Healthcare

      The fifth generation of wireless connectivity sets the stage for better medical devices.
      Adrian Johansen 08.03.21


    • Greg Cebular Named as President of Mack Prototype

      Greg Cebular Named as President of Mack Prototype

      Cebular brings 18 years of advanced manufacturing and leadership experience to the company.
      Mack Molding 08.02.21

    • Materials
      Pandemic Underscores Importance of Medtech Material Innovation

      Pandemic Underscores Importance of Medtech Material Innovation

      Materials must meet the changing needs of medtech and society in general through preventative, diagnostic and therapeutic solutions.
      Michael Barbella, Managing Editor 07.30.21

    Loading, Please Wait..

    Trending
    • Study: Catheter Ablation Significantly Lowers Dementia Risk In AFib Patients
    • Tandem Diabetes Completes Deal For AMF Medical
    • BMP Medical Expands Sterling, Massachusetts Facility
    • The Future Of Biomedical Engineering Advancements
    • Abbott's Proclaim XR SCS OK'ed For Diabetic Neuropathy
    Breaking News
    • BMP Medical Expands Sterling, Massachusetts Facility
    • Abbott's Proclaim XR SCS OK'ed for Diabetic Neuropathy
    • Environmental Sustainability Becoming Increasingly Important to Medtech Industry
    • Duane DiFranco Joins Harvard MedTech’s Medical Advisory Board
    • Lionel Bonte Named President of Mativ’s Healthcare and Wellness Business Unit
    View Breaking News >
    CURRENT ISSUE

    November 2022

    • MPO's 2022 Year in Review
    • Fine Print: A Discourse on Additive Manufacturing
    • Grab and Go: Examining the Thrombectomy Device Market
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Vitamin D Supplementation Reduces Risk of Dynapenia
    Sustained-Release Caffeine Ingredient Offers Mood, Performance Benefits
    Multi-Strain Probiotic Improves Self-Reported Mood, Sleep, Serotonin Levels
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    BMP Medical Expands Sterling, Massachusetts Facility
    Abbott's Proclaim XR SCS OK'ed for Diabetic Neuropathy
    Environmental Sustainability Becoming Increasingly Important to Medtech Industry
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pasithea Signs CMC Development and Manufacturing Agreement
    Experic Expands Analytical Capabilities and Facilities
    List Labs Expands Manufacturing Capacity
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Walgreens Boots Alliance Shares 2022 ESG Report
    Happi

    Latest Breaking News From Happi

    KimChi Beauty Launches Spinning Hearts Love 02 Ahead of Valentine’s Day
    Dark & Lovely Names Actress Meagan Good Brand Ambassador
    Natural Household Care Company Tru Earth Adds Dishwasher Detergent Tablets
    Ink World

    Latest Breaking News From Ink World

    Xerox Releases 4Q, Full-Year 2022 Results
    Electronics For Imaging Names Frank Pennisi as CEO
    Fiery to Separate from EFI, Remain Wholly-Owned by Siris
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    EFI appoints Frank Pennisi CEO, Fiery now an independent business
    Bobst boosts senior sales team with Keith Nagle
    Penmar Industries adds Screen Truepress Jet L350UV SAI digital press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Typar Highlighting New Building Innovations
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Orthofix Launches the Mariner Deformity System
    Tyber Medical Hires 2 New Execs
    Miach Ortho Raises $40M in Series B Funding
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Smart Devices with Privacy Focus Have More Consumer Appeal
    Siman Group Partners with SML to Unlock Full Retail Potential with RFID
    Brewer Science Presents Optics Integration Solutions at SPIE Photonics West

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login