With more than 1,700 exhibitors and over 15,000 attendees over the three days from 7th-9th February 2023, MD&M West 2023 is the largest medical device exhibition in North America. The energy and vibe this year were similar to pre-2020, and it was great to see old friends and meet new people.
There was a variety of educational opportunities offered this year through the International MedTech Theater, the Medical Battery Conference, and a number of workshops covering all aspects of the design, development, and manufacture of medical device products.
Our conversation centered around the latest medical device technologies, especially at-home treatment and preventative devices.
Among the most important topics discussed at MD&M West were the upcoming growth expectations for the market and the challenges OEM’s face with parts and components, which require meticulous design and planning.
This year, the global medical device outsourcing market is expected to reach USD 128.8 billion.
Factors contributing to the growth of the global medical device outsourcing market include:
- an increase in medical conditions
- rise in the geriatric population
- adherence to quality standards
- reduced cost to market; and
- a rapid go-to-market strategy
To perform recurring manufacturing, medical device companies and OEMs use contract manufacturing partners like Extel. This allows them to deliver commercial products to market while ensuring all industry requirements are met by reducing costs, streamlining supply chains, and aligning logistics.
See how we supported Sommetrics in the Design for Manufacturing (DFM), Engineering and Manufacturing of their medical device here.
In order to be successful as a medical device manufacturer or OEM, forecasting, compliance, and time-to-market are crucial.
For more information on how we can help you ensure your device design and manufacturing meet your needs, please contact our Irvine or Australian offices.
[email protected] – Chief Business Officer (Global)
[email protected] – Director Business Development (USA)
[email protected] – Business Development Manager (Australia)