Medical coil winding is one of the most critical aspects when it comes to the medical device industry. The medical device industry is slowly transcending towards miniaturisation and incision-free treatment. Non-invasive treatment is gaining a lot of popularity and this is the reason why medical coil winding and the medical devices incorporating the same are gaining a lot of traction. In this article, we’ll dig a little deeper into the medical coil industry and how the medical coil winding is impacted by the growing demands.
Medical device industry trends
The medical device industry trends show a growing demand in terms of medical devices. In 2020, the medical device industry stored somewhere around $60 billion. The market is expected to grow at a CAGR of over 11% to $130 billion by 2030. On top of it, the micro coil medical industry is expected to grow at a rate of 4.7% thus portraying an increasing demand for the medical device industry.
Advantages of micro-coil devices
The micro-coil medical devices bring about a lot of advantages that make them quite popular in the medical device industry. The miniaturised size backed by high performance efficiency and the ease of application makes micro coil medical devices stand out.
The microcoil devices find a lot of application across a wide spectrum of medical domains. Be it the diagnostics or drug delivery, micro coil medical devices play a critical role in our daily medical lives. What is more critical to understand is that the micro coils are even thinner than the human hair, which provides them with a larger surface area compared to their counterparts – thus offering improved efficiency. On top of it, micro-coil medical devices maintain a very high safety standard, thus making them safe to be used for internal uses.
Microcoil winding brings about a lot of versatility within the medical device industry. The medical device industry is a very dynamic field with each and every requirement being highly different from the other one. Under such a situation, custom coil winding which is possible with micro coil medical devices is a breakthrough technology. Application often extends to fields such as neurostimulation devices, catheters and other implantations that can be done within the human body wherein there is a high degree of variability. On top of the precision, the custom Coil winding also offers a great deal of versatility, which makes Microcoil medical devices stand out.
Challenges in the micro coil winding industry
Just like any other industry, there are certain challenges that the microcoil medical winding industry faces. Biocompatibility is one of the critical aspects which often involves maintaining very high safety standards. Additionally, the stringent regulatory requirements also become quite difficult to maintain for the microcoil medical device industry. It is imperative to ensure that the safety and effectiveness of the medical devices are well-tested before being released on the market.
Future outlook
The future outlook for the micro coil medical device industry looks very prominent. The growing demand for non-invasive surgeries with lesser hospitalisation time is also pushing hospitals to go ahead and delve further into micro-coil devices. A great industry prediction shows a positive outlook for this industry.