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medical systems, and communication solutions for defense applications. Medical technology( medtech) accounts for well over half of the company’ s revenue, closely followed by defense.
With 2026 proving to be a standout year for Tech Etch, Rich identifies distinct forces driving each core market. In medtech, new applications developed in collaboration with customers’ R & D teams are now reaching the market, while a broader inventory correction is also playing out.“ Through Covid, some of these businesses were somewhat overinventoried and became a little compressed,” Rich recalls.“ They were even still being affected by this into 2024-2025, but those inventories have all now settled out.”
Defense demand tells a different story – one molded as much by innovation as by geopolitics. As drones and other emerging technologies“ replace traditional warfare
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