Medical OEMs Turn to Contract Manufacturing
16:50 11.03.14
PR Newswire
FITCHBURG, Mass., March 11, 2014
FITCHBURG, Mass., March 11, 2014 /PRNewswire/ -- Medical devices – including orthopedic implants – continue to be a key point of innovation and growth in healthcare. As this trend continues, the demand for efficient, nimble contract manufacturing will increase. To meet growing demand, contract manufacturer Micron Products, Inc., a wholly-owned subsidiary of Arrhythmia Research Technologies, Inc. (NYSE MKT: HRT), has created an integrated system for orthopedic implant manufacturing that not only leads to further innovation, but also reduces time to market, cuts costs and eliminates supply chain breaks.
"Medical device manufacturers, large and small, benefit from outsourcing," said Salvatore Emma, Jr., president and CEO of Micron Products. "With Micron's systems, technologies and expertise, it doesn't matter whether we're making 10,000 pieces or just a single one-off customized to match a patient's specific anatomy – we can streamline manufacturing for cost effectiveness and speed. That's what OEMs want; that's what patients need."
As healthcare cost containment and increased burden of regulation drive increased margin pressure for OEMs, Micron is well poised to provide fast, efficient manufacturing through its unique capabilities and scale. Providing a range of production services, capabilities and expertise under one roof also simplifies the supply chain to just one link.
Unlike most other medical implant manufacturers, Micron provides OEMs a unique blend of tooling capabilities, coupled with design, engineering and manufacturing expertise, offering integrated manufacturing capabilities that that would otherwise be prohibitively costly – or simply outside of the core competencies – of most OEMs.
Micron is exhibiting in Booth 1358 at the AAOS Annual Meeting, March 12-14, 2014, at the Morial Convention Center in New Orleans, providing on-the-spot analyses to evaluate attendees' current implant process development.
For more information, call 978-345-5000 or email info@micronproducts.com.
Micron Products, Inc., a wholly-owned subsidiary of Arrhythmia Research Technology, Inc.(NYSE MKT: HRT), has been supplying the medical industry with world-class quality medical components since 1978. Located outside of Boston, Mass., Micron is a contract manufacturer offering product design, research, engineering and quality control services in collaboration with a wide variety of medical device and other clients to foster innovation, reduce costs, and shorten production cycles.
SOURCE Micron Products, Inc.
Quelle: PR Newswire