It was a beautiful 90° day in the neighborhood, as more than 80 people made the trek to Corona, CA, on April 8 to attend Engel's Medical Day event. They were rewarded with an opportunity to garner insights from several speakers addressing themes of relevance to molders working (or wanting to work) with the medical device sector and to view a trio of Engel's molding machines running medical applications.
Medtech veteran Harry Hamme set the tone for the day by putting the medical plastics market into perspective. Within the more than $300 billion global medtech market, medical plastics will represent $34.9 billion by 2016, growing at a compound annual growth rate of 7.2% between 2011 and 2016. "Medical plastics hit 3.5 billion pounds at the end of 2010 and will grow to about 4.4 billion pounds by 2015," said Hamme. "The most significant growth in the next five years will be in thermoplastic engineering resins and thermosets," he added.