Innovation | medical
Many of the fastest growing areas of the medical industry are relying more and more on high performance polymers. Injection World looks at the latest developments
Medical industry growth proves positive for plastics
While the medical equipment industry has not escaped the impact of tighter public spending through the downturn it remains a growth market and one that will amount to a total value of $308bn this year, equivalent to a spending of around $50 per person, according to Espicom’s latest analysis of the global health and medical technology markets. With the exception of the Eurozone countries,
Espicom’s analysis shows the global medical sector has recovered strongly after the downturn of 2009, with CAGR growth rates for the global market expected to amount to 7.1% over the period from 2012-2017 (down only slightly on the 7.9% CAGR recorded between 2007 and 2011). Strong growth in the developing markets of Asia, South America, and central and eastern Europe will push the global medical device and equipment market to a value of $434bn by 2017, it predicts. Plastics continue to play a key role in the medical
device market, with particularly strong performances in sectors such as drug delivery systems. German medical industry supplier Gerresheimer has recently announced a major expansion of its medical plastics systems plant
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at Horsovsky Tyn in the Czech Republic, where it manufactures plastic delivery devices and diagnostics. “Global demand for simple and safe products for the precise dosage and administration of medications such as asthma inhalers and insulin pens is increasing all the time. That’s why we decided to make another signifi cant extension to our Czech plant,“ says Gerres- heimer CEO Uwe Röhrhoff.
The company - which manufac- tures pharmaceutical vials, drug delivery systems, insulin pens and inhalers – is investing €18m in a further 3,500m2 extension of the Czech facility (it has only just completed installation of a new clean room production area on the site). It is
also midway through a €25m investment in additional production capacity at its German site at Pfreimd.
October 2012 | INJECTION WORLD 13
Main image: transparent medical TPEs from Elastocon
Below: PEEK spinal implants from Nexxt Spine
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