The Growing Medical Manufacturing Industry

The medical manufacturing industry is rapidly becoming one of the fastest growing industries in the world.  As the population continues to age, many resources are being put towards developing new medical devices that can be used to treat these patients.

Medical Manufacturing

From 2015 to 2020, the growth of the technical medical device market is expected to grow at compound annual growth rate (CAGR) of 5.5%. This translates to an equivalent of $428,970,000 USD. Several factors are contributing to this growth, such as technological advances, chronic disease, an aging population that is growing, and a rise in disability adjusted life years (DALYs).

Overall, there are 10 types of medical devices that are distinguished by type and/or region.

These include:

  • In vitro diagnostics (IVD)
  • Diagnostic imaging devices
  • Cardiology devices
  • Orthopedic devices
  • Endoscopy devices
  • Ophthalmology devices
  • Orthopedic devices
  • Diabetes care devices
  • Anesthesia/respiratory care devices
  • Kidney/dialysis devices

The largest share of the global market comes from North America, followed by Europe and Asia-Pacific. Due to easy access of advanced medical devices and established channels of distribution, the U.S. is currently the top market. However, with a rapidly growing region, Asia-Pacific is being driven by a large population and increasing health care needs in their healthcare infrastructure which is constantly improving.

At Tella Tool, engineering support is offered to aide in design for manufacturability for new projects and ideas. We offer high/low volume precision metal stampings, assemblies, fabricating, and CNC machining solutions. Our precise and quality work is well suited for most industries, including the rapidly growing medical manufacturing industry.

Tella Tool is committed to helping customers find the perfect solution for their needs, whether for the medical manufacturing market or any other industry. At Tella Tool we believe in supporting our customers fully – providing innovative engineering support, reliable product quality, and responsive customer service to our entire growing customer base. Contact us here for more information.

The Importance of Workplace Safety

Every June, the National Safety Council observes National Safety Month to focus on reducing the leading causes of injury and death in the workplace, on the roads, and in homes and communities.   At Tella Tool, we strive to ensure the highest level of safety in our manufacturing facilities.  In an effort to keep safety number one, our safety committee holds regular meetings to discuss policies and procedures, as well as plant walkthroughs to find and correct any safety issues that are discovered.

Workplace Safety

Due to the work of our safety committee, we have already made numerous safety improvements.  Here are some of the changes and updates that have been recently been made.

  • Installation of new LED lighting that is longer lasting and more efficient than other lighting types to give our employees a brighter and safer work space.
  • The repainting and retreading of step stands to make machine access safer
  • Installing easily visible fire extinguisher signs, and painting the posts that hold the fire extinguishers red, making them easier to find in case of a fire
  • Creating a visual workplace with taped boundaries around machinery, storage areas, and walkways.
  • Upgrading existing electrical with new panels and service
  • Resurfacing of problematic areas within the plants.

Our safety committee is continuously seeking new knowledge and ideas to improve the safety of our facilities, and to this end has sent employees for outside training to improve their knowledge of OSHA and its requirements.  Some topics of training have included OSHA fall protection training, scissor lift training, and monthly risk reminder training.  Tella Tool’s Safety Director is a member of a local manufacturing safety peer group which meets regularly to collaborate on common safety concerns, and to share experiences, strategies, and results.

Safety is vitally important to everyone at Tella Tool, from top management to the plant floor.  We understand the importance of the safety of all our employees, and are always looking to improve our safety policies and procedures.  Observing National Safety Month is great opportunity to share safety ideas, and recognize common issues, and is something we keep focus on year-round.  For the latest company news and updates follow us on Twitter and LinkedIn.