Facet Medical Technologies

Facet Medical Technologies is a private, revenue-generating medical device company with a long operational history in the diabetes, wound care, and drug delivery sectors. It operates as a contract manufacturer and supplier (OEM) for major industry players, utilizing its intellectual property, high-volume manufacturing, and global supply chain. The company is FDA-registered and emphasizes a quality management system to meet global regulatory and customer requirements. Its business model focuses on making essential medical devices accessible worldwide while pursuing growth in its core markets.

Integrated high-volume manufacturing and supply chain platform for disposable medical devices, leveraging design IP and regulatory expertise for OEM/contract manufacturing.

Facet competes in a crowded field of medical device contract manufacturers and component suppliers, particularly from large Asian manufacturers. Its differentiation is based on its claimed scale in lancets, FDA-registered quality systems, and a 49-year heritage, but it must continually compete on cost, quality, and reliability to maintain its position.