Precision Sheet Metal Fabrication
Industries Served
Industries Served
We do not only produce a large variety of medical devices, but we also work with a large variety of medical device companies. From startups to companies with over $5 Billion in yearly revenue, we will help anyone bring their design to life. No matter what size company you are, you will always get the GTR Experience: an unparalleled high quality customer service that we strive to improve every day.
With the exponential evolution of technology, the medical device industry sees constant innovation and growth. It is one of the world’s fastest growing industries with a sales forecast from Fortune Business Insights projecting it to go from $542.21 billion in 2024 to $886.80 billion by 2032 at a CAGR of 6.3%. GTR Manufacturing is poised and ready for this growth in the industry, prepared to help you take your design from idea to reality. Click here to submit your prototype design!
APA Citation: Fortune Business Insights. (2023, May). Medical Devices Market Size, Regional Analysis and 2025 Growth Rate. Fortunebusinessinsights.com.
Our experience in the industry is not to be understated. Similar to the Medical Device industry, we have worked with a range of Semiconductor companies. From businesses trying to make a name for themselves in the industry to well established and profitable Fortune 500 companies, we have worked with every archetype in the Semiconductor business. This experience gives us familiarity with the products and designs of the industry, allowing us to serve our Semiconductor customers more efficiently.
Medical device manufacturing is not the only industry that is seeing growth. According to a report from the Semiconductor Industry Association, it is estimate that the semiconductor industry is projected to increase sales to over $600 billion in 2024 up from $527 billion in 2023. At GTR Manufacturing, we are excited to see this growth and are eager to take on the work that comes with it.
APA Citation: Peterson, D. (2024, September 12). 2024 State of the Industry Report Underscores Opportunities and Challenges for U.S. Chip Industry. Semiconductor Industry Association.
As the Life Science industry continues to evolve, so do we. Over the last few years, we have expanded our facilities by 52,000+ sq ft, invested in top of the line capital equipment, and hired more skilled craftspeople to help support the constantly evolving workload we experience at GTR Manufacturing. We are poised and ready to grow alongside our customers.
Through the 2025 Life Sciences Outlook from Deloitte, we get some great insight into the expectations for the Life Sciences industry over the next few years. A survey of 150 C-Suite executives in the Life Sciences industry all across the world produced some great information. According to Deloitte, “68% of respondents anticipate revenue increases and 57% predict margin expansions in 2025”. In both cases, the majority believe that the Life Science industry is on the upswing in 2025, and GTR Manufacturing is ready for it. Our 105,000+ sq ft of facilities and well organized workflow will handle the growth of the Life Sciences industry with ease.
APA Citation: 2025 life sciences outlook. (2024, December 9). Deloitte Insights; Deloitte.
GTR Manufacturing has a vast portfolio of experience in the robotics industry, meaning that we do not shy away from the complex metal fabrication of robotics parts. On the contrary, we rise to the challenge. Our accomplished craftspeople can fabricate these intricate parts and offer advice on small design changes for manufacturability if need be. In our 50+ years of experience, we have seen such a wide variety of fabrication that we know the answer to a part’s problem before they even arise.
As mentioned earlier, Robotics is one of the hottest industries in the world at the moment, and Benchmark International provides the statistics to show that. As of 2023, “the global robotics market was valued at $46 billion” and it is expected to “grow at a compound annual growth rate (CAGR) of 15.1% to reach $169.8 billion between 2024 and 2032.” This is a high CAGR, and it would not be surprising if this CAGR is outpaced by the Robotics industry. But no matter what pace is set, GTR Manufacturing will match it stride for stride, quickly supplying you with your high quality parts.
APA Citation: 2024 Robotics Industry Report. (2024, May 9). Benchmark International.