DOTmed November 16, 2022
Medical device manufacturers are feeling the pinch of supply chain disruption and economic inflation, as they struggle to keep up with greater demand created by patients who put off necessary procedures and implants during the pandemic.
Specialized plastics, metals and resins used for making devices are now in short supply, while electronic prices have soared, according to The Wall Street Journal.
Abbott Laboratories, for example, has had difficulty finding certain older semiconductors for older models of its Libre blood-sugar monitoring devices, despite clip shortages easing.
Stryker Corp. has raised surgical equipment prices to keep up with rising supply costs, and slowed purchases and production to search for alternative supplies. The company saw its profit margins fall in the third quarter...
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