Why Contract Manufacturing?
Constantly spiraling costs, regulatory demands, industry consolidation, combination products, and engineering and product management talent shortages are forcing Original Equipment Manufacturers (OEMs) of medical devices to rethink their strategies. To maintain their competitive edge and deliver optimal solutions at a reduced price, they are engaging Contract Manufacturers (CMs) for the design and production of cost-effective, branded solutions.
This consolidation delivers cost reductions on individual components and assemblies, particularly with CMs who can offer several component and assembly verticals. It also enables OEMs to reduce their overall number of individual suppliers.