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. Reports also cite other government statistics showing that people age 65 and older “visit physicians at twice the rate of younger people, spend about twice as much on drugs and medical supplies, are hospitalized three times more often and are the largest users of nursing home services and home care.”
Combine all of these factors together, and it’s easy to see what’s ahead for the future. As the population in the U.S. and in countries around the world grows older, there will be more need for medical equipment and healthcare services. This includes more medical devices, more robotic surgery parts, more defibrillators, more parts and equipment for bypass surgeries, heart valve replacements, and orthopedic surgeries.
At Swiss Precision Machining, we’re already seeing the increased demand for medical equipment, as we’re being called upon more and more to deliver machining services to our customers in the medical industry. These medical industry manufacturers – and manufacturers from many other industries, as well – turn to us for our expertise in CNC Swiss Screw Machining and CNC Vertical Machining. Our modern facility is both ISO 9001:2008 certified and also meets ISO 13485 standard for medical devices.
Looking back on the 30+ years we’ve been in business, and looking forward now to the future, we truly believe manufacturers in the medical industry will be ready to meet the growing demand that is coming their way in the very near future – especially when they work with us. Learn more about Swiss Precision Machining by visiting our website, or reach out to us by calling 847-647-7111.