Medical

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20 Jan: SPM Offers CNC Swiss Laser Machining

Swiss Precision Machining Inc. is a Chicago based machining business. Since their start in 1979 SPM Swiss has always worked to maintain the highest levels of quality and stay on the forefront of technology. Likely the reason they have made such an impact on the industry and still have clients today from their start almost 40 years ago. Their machines offer a vast amount of manufacturing capabilities including milling, turning, drilling, boring, knurling, threading, and contouring, to name a few….

05 Apr: Medical Device Tax Suspension

Branded a job-killer when it was introduced, the Medical Device Excise Tax was temporarily suspended starting January 1st of 2016, until the end of 2017. The tax was created to impose an excise tax on the sale of certain medical devices by the manufacturer or importer of the device.  This tax had been fought over for years, since it was implemented as part of the Patient Protection and Affordable Care Act in 2013. Interestingly enough, the suspension of the tax…

09 Feb: The Medical Industry is Growing – And Swiss Precision Machining, Inc. is Ready For It!

Unprecedented demand for medical equipment and healthcare services are forecasted for the very near future. In fact, the medical industry is booming, and is considered to be “recession-proof” because of its importance. The aging population is probably one of the most significant trends affecting the medical industry right now. Recent news reports quote U.S. Census Bureau statistics and forecasts stating that by the year 2020, the number of people between the ages of 65 and 74 will increase 74 percent….

21 Jul: Growth in the Surgical Device Market and Minimally Invasive Procedures

At Swiss Precision Machining, our capabilities include applications within the medical device industry. By utilizing the latest technology in CNC Swiss Style Screw Machines and CNC Vertical Machining Centers, we are able to stay competitive while still offering quality products. We’re proud to be involved in this most-important of industries. As such, we follow developments within it very closely. Below, a sampling of the latest trends: The Surgical Equipment Market Is Growing The market for surgical handheld instruments has recently…