The medical device market will present greater opportunity and greater challenges for device companies, as it grows by 19.9 percent from 2009-2013, according to a Plastics Today report.
According to the report, the medical market is one of the most demanding sectors to serve, as rigorous oversight from regulators and customers requires "robust operational management."
The report suggests companies that can keep up with regulatory requirements and market competition will flourish over the next several years. At the same time, the market may push out companies who cannot keep up with the sector's "rigorous demands," as the number of competitors increases.
Read the Plastics Today report on medical device companies.
Read more on medical devices:
-Efforts to Eliminate Healthcare Reform Tax on Medical Device Manufacturers Intensify
-New Device Manufacturer Could Increase Medical Device Outsourcing
-Medline Launches Orthopedic Soft Goods Line
According to the report, the medical market is one of the most demanding sectors to serve, as rigorous oversight from regulators and customers requires "robust operational management."
The report suggests companies that can keep up with regulatory requirements and market competition will flourish over the next several years. At the same time, the market may push out companies who cannot keep up with the sector's "rigorous demands," as the number of competitors increases.
Read the Plastics Today report on medical device companies.
Read more on medical devices:
-Efforts to Eliminate Healthcare Reform Tax on Medical Device Manufacturers Intensify
-New Device Manufacturer Could Increase Medical Device Outsourcing
-Medline Launches Orthopedic Soft Goods Line