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Fanuc explains how to succeed in medical machining

hat being said, reality is that the medical device manufacturing industry has seen significant layoffs over the last few years due to cost pressure, increased regulatory and public scrutiny, costly recalls and the demands of globalization. Cost-cutting initiatives in the healthcare sector have put significant pressure on prices. Original Equipment Manufacturers (OEMs) are moving more of their component manufacturing out to contract manufacturing suppliers while focusing their time and resources on enhancing innovation and bringing new products faster to market.