Putnam Plastics Reports Increased Interest in Integrated Catheter Components Made by Medical Device Co.
Putnam Plastics Corporation, among the leaders in advanced extrusion for minimally invasive medical devices, reports increased interest in integrated catheter components made by medical device companies. These components leverage continuous manufacturing to combine sub-component processes, eliminate assembly steps and reduce manual labor, thus allowing device companies to reduce overall costs. "Industry reports in 2009 suggested double digit compound annual growth rates for the interventional cardiology devices. By 2012 some industry reports adjusted this growth rate down into the single digits," said Jim Dandeneau, Putnam Plastics Chief Executive Officer. "However, this more likely reflects competitiveness and cost reduction pressures on devices rather than decreased innovation." Over a ten year period beginning in 2003 there was a steady decline in these patents issued until 2008, where it bottomed out at 168. Since then, there has been a strong increase in ca