News | July 9, 2014

Pharma EXPO Serves Growing Medical Device Industry

Attendees to find latest solutions and insights to speed time to market and ensure compliance in Chicago

The global medical device industry has grown significantly over the last five years, and it is projected to reach approximately $302B by 2017 with a compound annual growth rate (CAGR) of 6.1 percent (2011-2017[1]. To serve this growing industry, Pharma EXPO 2014 (Nov. 2-5; McCormick Place, Chicago), co-located with PACK EXPO International, will provide solutions medical device manufacturers can use to enhance efficiency, speed, time to market and ensure regulatory compliance.

“The U.S. medical device market is currently a $110B industry – the largest in the world. There are more than 6,500 medical device companies in the U.S., and Pharma EXPO will provide these companies access to leading market suppliers,” said Jim Pittas, vice president, Trade Shows, PMMI.

Pharma EXPO, produced by PMMI, The Association for Packaging and Processing Technologies, in collaboration with the International Society for Pharmaceutical Engineering (ISPE), will draw more than 2,000 exhibitors and over 50,000 attendees. Side-by-side, the events will be the largest resource for processing and packaging innovation in North America this year.

Along with being the largest resource for pharmaceutical processing and packaging technologies, Pharma EXPO will serve as a destination for comprehensive educational programming and a cross-pollination of ideas between the pharmaceutical and other manufacturing industries.

“One of the challenges for pharmaceutical manufacturers is implementing energy-efficient systems that not only support sustainability goals, but improve competitiveness by reducing costs,” said Nancy S. Berg, president and CEO, ISPE. “As energy costs continue to increase, the challenge of maintaining high product quality while simultaneously reducing production costs can often be met through adopting many of the energy efficient systems and solutions used in the food processing industry.”

Among the medical device technologies represented at Pharma EXPO, manufacturers will find innovations in:

  • Automated packing slip systems
  • Heavy-Duty Industrial Sealers to meet 11607 packaging requirements
  • GS1 bar code compliance marking systems
  • Thermoforming molds and trim tooling
  • Automated product transport systems

In addition to the technological innovations, ISPE will offer a world-class series of educational sessions covering topics such as operational excellence, quality, risk management, commissioning and qualification and automation design.

“The educational framework provided by ISPE will give medical device manufacturers a leg up on the competition – technologically and operationally,” said Pittas.

To register for Pharma EXPO 2014, visit pharmaexpo.com. Registration is $30 through Oct. 3, and increases to the on-site fee of $60 thereafter.

About PMMI
PMMI, The Association for Packaging and Processing Technologies, is a trade association representing over 650 packaging and processing supply chain companies that provide a full range of packaging and processing machinery, materials, components and containers. PMMI actively brings buyers and sellers together through programs and events such as The PACK EXPO family of trade shows, packexpo.com, PMT Magazine, PACK EXPO Show Daily, networking events and educational programs.

PMMI organizes the PACK EXPO trade shows: PACK EXPO International, Pharma EXPO, co-located with PACK EXPO International and presented jointly with the International Society for Pharmaceutical Engineering (ISPE); PACK EXPO Las Vegas, PACK EXPO East, EXPO PACK México and EXPO PACK Guadalajara, connecting participants in the packaging and processing supply chain with their customers around the world. Coming Up: EXPO PACK México 2014, June 17-20 (Mexico City, Mexico); PACK EXPO International 2014, Nov. 2-5 (McCormick Place, Chicago); Pharma EXPO, co-located with PACK EXPO International 2014; PACK EXPO East, debuting Feb. 16–18, 2015 (Pennsylvania Convention Center, Philadelphia); EXPO PACK Guadalajara 2015, March 10-12, 2015 (Guadalajara, Jalisco, Mexico). Learn more about PMMI and the PACK EXPO trade shows at PMMI.org and Packexpo.com.

About ISPE
ISPE, the International Society for Pharmaceutical Engineering, is the world’s largest not-for-profit association serving its Members through leading scientific, technical and regulatory advancement throughout the entire pharmaceutical lifecycle. The 20,000 Members of ISPE are building solutions in the development and manufacture of safe and effective pharmaceutical and biologic medicines and medical delivery devices in more than 90 countries around the world. Founded in 1980, ISPE has its worldwide headquarters in Tampa, Florida, USA and offices in Frankfurt, Germany, and Shanghai, China and is publisher of Pharmaceutical Engineering magazine. For more information, visit http://www.ISPE.org.

[1] http://www.reportlinker.com/p0934903/Global-Medical-Device-Industry-Trend-Profit-and-Forecast-Analysis.html

SOURCE: PMMI

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