Understanding the Medical Device Sector
The medical device industry, sometimes referred to as ‘Med Tech’ by those who work within it, is a complex one.
It consists of companies that design, manufacture, and distribute medical equipment, components, and devices for use all over the world in the private and public sectors.
It is highly regulated and is subject to stringent quality analysis and testing. Each product must be fully compliant with industry regulations if it is to enjoy full commercial rollout.
Life-changing technologies and medical products can enhance the quality of lives for those who are in need of these solutions, and they can, in some cases, prolong and even save lives.
Medical devices can take the form of apparatus, devices, test kits, equipment, diagnostic accessories and components, instruments, and implants.
It is one of the fastest-growing manufacturing sectors in the world, and also one of the most important, resulting in the creation and production of medical innovations for use all over the world.
It is also a rapidly expanding marketplace, with new inventions being created all the time, and patents being granted constantly. Research and development (R&D) investment is on the rise in this sector, reflecting the steady increase in new product development activities.
RP Technologies works with a range of valued supply chain partners within this industry. These include medical device manufacturers, product design agencies who specialise in medical product design, and supply chain intermediaries who distribute medical devices.
We have manufactured aluminium tooling, plastic injection moulding, rapid prototyping, and CNC machining for a variety of customers within this sector.
It is always challenging and always fast-moving.
Since COVID-19, the sector has seen something of a resurgence, and spending within this very important market continues to gather pace.
At RP, we stay ahead of the curve by using the latest technologies and positioning ourselves at the forefront of the latest product development activities.
We’re popular with product designers because of our skill with handling complex designs. We’re ‘Without Limits’, which means, for us at least, that no design is too challenging.