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Electronics Components & Medical Device Prototyping Trends

In the coming year, you can expect electronics components to have a significant influence on the medical device prototyping industry.

For decades, medical devices consisted of pacemakers, imaging scanners and electronic blood pressure testers. Today, however, this industry has exploded. In fact, medical device sales for 2019 are projected to exceed $185.9 billion.

Electronics Components & Medical Device Prototyping Trends

This expansive market growth has created a challenge for prototyping labs and device manufacturers across the United States. Time pressures and a potential scarcity of electronics components threaten to sidetrack this progress.



Medical device prototyping and manufacturing firms can benefit significantly by forging alliances with trusted, U.S.-based electronics components distributors. These strategic partnerships can help ensure that OEMs overcome both time and quality constraints.



Medical Technology Investments Influence Electronics Components


Perhaps no other industry has been as profoundly affected by emerging technology than the medical device field.



Medical technology is a priority for the physician community as well as the drug companies, and investment in research and development is frenzied. In 2016, GlaxoSmithKline (GSK) invested $715 million in a bioelectronic joint venture with Verily, a division of Google’s parent company.



Because electronics components are the foundation of both prototyping and the manufacturing process, this fever pitch of development is expected to both boost and tax the electronics components sector’s capacity.



Bioelectronics and Electroceuticals Replacing Drug Technology


The GSK/Verily joint venture is one of thousands of medical prototyping development projects that is focused on bioelectronic devices, also known as electroceuticals.



Bioelectronics use electrical signals to modify human neural signals. This process mimics that of pharmaceuticals, but without the risks of drug interactions and side effects. And unlike pharmaceuticals, this technology can be adapted for each patient’s specific needs, based on neural signal mapping for specific diseases.



This technology is expected to outpace the drug market in less than a decade. But to survive in an industry that grows more cutthroat by the day, prototyping labs and OEMs for medical devices must find a way to compete.



Reliable Electronics Components Distributor Helps Fast-Track Medical Prototyping


Today, the industry is highly focused on rapid medical device prototyping and drastically shortening the time to market. Because bioelectronics and electroceuticals must be submitted for FDA approval, perfecting these devices quickly is critical for medical prototyping labs as well as OEMs.



To improve your results, choose an established, U.S.-based electronics distributor that you can trust.



Kimball Electronics specializes in electronic components for the bioelectronics and electroceuticals industries. Prototyping labs and medical device manufacturers trust us to supply the high-quality electronic components they need directly through our e-commerce site or our locations in Salt Lake City and Boise.



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