MOUNTAIN VIEW, Calif., May 15, 2013 /PRNewswire/ -- Original equipment manufacturers (OEMs) are increasingly turning to electronics manufacturing service (EMS) providers to better handle the escalating volumes of electronic content in the medical industry. With opportunities for high-level product assembly and complete build projects expected to increase, the potential for EMS in the medical industry will progress gradually over the next few years.
New analysis from Frost & Sullivan (http://www.smt.frost.com), EMS Opportunities in the Medical Industry, research finds that the market earned revenue of more than $16.43 billion in 2012 and estimates this to reach $34.38 billion in 2019.
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"The challenge in maintaining certified, state-of-the-art manufacturing facilities and complex supply chain operations is that it strains OEMs' profit margins, compelling them to adopt EMS," said Frost & Sullivan Electronics and Manufacturing Equipment Research Analyst Lavanya Rammohan . "EMS providers, with their exposure to various verticals, are the ideal solution to manage the electronics boom in healthcare brought about by the use of wireless communications, robotics and software."
Rising demand for engineering support as well as improving EMS competencies in product introduction, manufacture design and value-add services will boost EMS growth in the medical industry.
However, despite EMS providers' growing expertise, the risk of liabilities prevents OEM
|SOURCE Frost & Sullivan|
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