The ongoing trade war between the United States and China affects everything from tooling and mold-building to commodity medical devices when medtech is concerned, according to Mark Bonifacio of Bonifacio Consulting Services. Bonifacio, though, thinks China is too big for medical device companies to ignore: Even if the labor costs savings aren’t as attractive, there is simply […]
Polymer extrusion and tubing company Zeus seems to be taking a page out of the sales playbook of software companies and direct marketers. Zeus (Orangeburg, S.C.) is telling medical device companies interested in switching to its peelable heat shrink tubing that they can initially try it out for free. Get the full story on our sister […]
Millar said today that it is discontinuing its exclusive North American distribution agreement with CD Leycom, maker of the clinical Inca pressure-volume (PV) loop system. Officials at Houston-based Millar – a pressure sensors and medical device contract manufacturing company – plan to focus more on the company’s OEM division, which integrates pressure sensors based on microelectromechanical systems […]
Constant cost pressures – coupled with increased expectations to reduce time to market – often require medtech manufacturers to outsource all or part of their device assembly. Medical device outsourcing allows a medtech company or startup to focus on its core competencies. But cost containment and speed to market aren’t everything: They represent just a […]
Two Minnesota-based medical device industry suppliers – Windings and New Plastics Plus – are expanding and adding jobs, the state’s Department of Employment and Economic Development recently announced. Get the full story on our sister site Medical Design & Outsourcing.
Heather Thompson, Senior Editor The regulatory environment changes in Europe and around the world will be a boon to medtech outsourcing over the next several years. The changes, according to Grand View Research, will propel the medical device outsourcing services market to nearly $195 billion by 2025. Get the full story on our sister site Medical Design […]
Officials at machine learning and artificial intelligence consulting company Wovenware think AI could boost the quality of medical device manufacturing. The San Juan, Puerto Rico–based company already has clients in a variety of industries including airlines, education, food, financial services, insurance, telecommunications and utilities. Now it’s working with a number of medical device companies to test proof […]
Stratasys (NSDQ:SSYS) shares jumped today after the 3D-printing giant beat the consensus with its third-quarter results. Minneapolis- and Rehovot, Israel-based Stratasys posted losses of -$679,000, or -1¢ per share, on sales of $162.0 million for the three months ended Sept. 30, paring its losses by -93.3% on sales growth of 4.0% compared with Q3 2017. Get […]
Integer Holdings (NYSE:ITGR) share prices rose today after the contract manufacturer posted third-quarter results that handily beat the consensus forecast, powered by a whopping 733.3% bottom-line gain. Plano, Texas-based Integer reported profits of $114.1 million, or $3.54 per share, on sales of $305.1 million for the three months ended Sept. 28, for top-line growth of 6.6% […]
Heraeus Medical Components said today that it acquired Evergreen Medical Technologies and its PhysioTest subsidiary for an undisclosed amount. St. Paul, Minn.-based Evergreen is a contract design, development & manufacturing consultant that specializes in neuromodulation technologies, including implantable leads and stimulation devices. Get the full story at our sister site, Medical Design & Outsourcing.
MD&M Minneapolis — Oct. 31–Nov. 1 this year — is one of the largest medical device manufacturing events in the Midwest, with thousands of medtech professionals networking with hundreds of industry suppliers. From new plastic welding technology at Emerson to LED curing systems at Excelitas Technologies, here are nine exhibitors and their technologies worth checking out […]