INDUSTRY REPORT
“ We analyse growth patterns in global medical device markets for sheet metal manufacturers .”
Image : Shutterstock . com .
INDUSTRY REPORT
THE NEED FOR PRECISION
Metals employed in a healthcare environment must meet specific criteria for precision , cleanliness and durability , among others . We spotlight how sheet metal is used by the global medical industry .
Left image : 168 Studio , stock . adobe . com .
The global medical industry depends upon custom sheet metal fabrication to create highly specific and precise equipment and tools . It requires accurate surgical tools , supplies and equipment to perform specialised tasks . The medical device sector produces a wide variety of instruments used in healthcare , including those used for in-vitro diagnostics ; diagnostic imaging ; dentistry ; optometry ; cardiology and hospital supply .
“ Sheet metal has high pliability , bendability and overall flexibility . Its versatility enables manufacturers to create most parts , tools or instruments and to fabricate components with high specificity . Medical sheet metal has excellent longevity and is durable enough to withstand collisions , extreme temperatures and various other environmental conditions ,” commented H & S Manufacturing Co , a sheet metal manufacturer .
Sheet metal fabrication can be used , for example , in diagnostic scanning systems ( such as ultrasound machines ); ablation systems ( where extreme cold , heat or laser energy is used to destroy tissue abnormalities ) and patient alignment systems ( which position radiation beams and lasers for oncology treatments ).
Other sheet metal products can include automated control system solutions , image reconstruction systems and medical imaging equipment ( such as spectrometry scan equipment , CT scan machines and PET scan machines ). Ventilators , medical carts , medicine cabinets and medical instruments are also examples of sheet metal products .
Global market for medical devices
According to analyst Precedence Market Research , the global medical devices ’ market size was valued at US $ 570 billion in 2022 and is expected to reach around US $ 996.93 billion by 2032 , poised to grow at a compound annual growth rate ( CAGR ) of 5.8 % during the forecast period from 2023 to 2032 .
30 | ismr . net | ISMR March 2024