Key players such as Johnson & Johnson Services Inc., Abbott Laboratories Inc. and 3M Company, among others, are contributing to market developments by using advanced technologies and collaborative efforts. According to the report, they are focused on finding solutions to meet the growing demand for medical devices and the evolving needs of healthcare professionals and patients.

Plans are underway to add cleanroom capacity and build out Beacon’s tooling and liquid silicone rubber (LSR) molding capabilities at the facility in Leominster, MA. This will enable Beacon MedTech to meet demand for its contract manufacturing services and precision molded products, components, and sub-assemblies for single-use and Class II medical devices and other life science applications.

As Machine Design’s technical editor, Sharon Spielman produces content for the brand’s focus audience—design and multidisciplinary engineers. Her beat includes 3D printing/CAD; mechanical and motion systems, with an emphasis on pneumatics and linear motion; automation; robotics; and CNC machining.

Beacon Manufacturing Group has acquired precision molder Acromatic Plastics and will make the 110,000-square-foot facility available to its Beacon MedTech Solutions business to support future growth plans. The company has also entered into a partnership agreement with Sumitomo Demag to purchase several injection molding machines, with the first two expected to be delivered in the fourth quarter of 2021.

Now known as Beacon Engineered Solutions, Acromatic Plastics will continue to provide its customers with the high-quality products, components, services, and support that they have come to expect from this mixed-use facility. Customers will benefit from expanded molding capabilities and engineering services, as well as Beacon Engineered Solutions’ track record of success in launching custom, complex, precision-molded products and component assemblies for use across a broad range of industries and end-use applications, said Beacon in its press release.

In line with the industry’s growth trajectory, companies are pursuing strategic acquisitions to foster collaborations and enhance capabilities within the medical component manufacturing market. The report offers the ARCH Medical Solutions Corp. acquisition of Alpha Manufacturing & Design LLC as an example. By combining forces, companies aim to stay ahead in this market and provide high-quality medical devices.

Machine Design has reported on some of the technological advancements being made in this segment, including using injection molding to design a “smart” wheelchair and hybrid manufacturing techniques that enabled the production of a bionic hand.

Spielman has more than three decades of experience as a writer and editor for a range of B2B brands, including those that cover machine design; electrical design and manufacturing; interconnection technology; food and beverage manufacturing; process heating and cooling; finishing; and package converting.

“We’re committed to expanding our footprint, scale, and capabilities to support our customers’ growth and are enthused that capacity upgrades, leasehold improvements, and new equipment installations are scheduled to be completed during the first half of 2022,” said Bob May, CEO of Beacon Manufacturing Group. “At the same time, we are pleased to offer Acromatic’s customers greater access to expanded capabilities, engineering resources, and services.”

The medical component manufacturing landscape is seeing an emphasis on technological advancements, according to the report. For example, Stratasys Ltd. has introduced the J5 MediJet 3D printer, which showcases the industry’s commitment to finding cutting-edge solutions to overcome challenges and meet demand in this sector, the report notes.

The global medical component manufacturing market is experiencing a significant surge, with a projected growth from $12.44 billion in 2022 to $17.03 billion in 2027, at a CAGR of 6.4%, according to the Medical Component Manufacturing Global Market Report 2023 from the Business Research Company. This growth is primarily driven by the escalating demand for medical devices. In 2021, federal retail spending increased by 21.8%, per the Centers for Medicare and Medicaid Services, the report notes.