The organizers of NPE2018 have announced a Medical Parts Processing Zone when the event comes to Orlando, FL, in May 2018. The new zone will showcase suppliers of equipment, products and services that cater to the medical technology industry and contribute to innovations in safety, efficacy and productivity. Automation systems, materials and additives, prototyping services and injection molding equipment and services will be among the featured technologies, according to event producer, the Plastics Industry Association (PLASTICS; Washington, DC).
Plastics play a significant role in the development of medical devices and associated packaging. Metal replacement, for instance, continues to be a dominant trend, as it improves device safety by replacing instruments that must be sterilized after each use with single-use devices.
There are also some compelling business reasons to feature a medical manufacturing zone at NPE2018.
In a table of the top 20 U.S. export products ranked by resin content based on the North American Industry Classification System (NAICS), surgical and medical instruments came in ninth, with a value of $464 million. The table was published in the 2017 Global Trends report from PLASTICS.
Medical device manufacturing is expected to drive 3% growth in revenue for the plastics industry through 2023, according to Glenn Anderson, NPE2018 Executive Committee Chair.
From a global perspective, the medical plastics market will reach a value of $6.9 billion by 2020 and record a compound annual growth rate in the 7% range into the next decade, according to a business report from MarketsandMarkets (Seattle, WA).
The Medical Parts Processing Zone is one of 11 such zones at the event, including a new Bottle Zone and 3D Printing Zone. NPE2018 is scheduled for May 7 to 11 at the Orange County Convention Center in Orlando, FL.