MD Precision

What MD Precision does

MD Precision is a full-service product development and manufacturing company headquartered in Markham, Ontario, Canada, founded in 2002 by Chris Karshafian. The firm delivers end-to-end engineering services spanning product planning, concept generation and validation, mechanical and electrical engineering, industrial design, rapid prototyping (including 3D printing), value engineering, regulatory support (IEC 60601, CE Mark), and supply chain management. Its primary customers are medical device companies (start-ups through enterprise OEMs), pre-clinical equipment developers, high-tech start-ups, international corporations seeking flexible engineering capacity, and educational institutions. Visible enterprise logos include Fujifilm VisualSonics, Sonosite, and Exact Imaging, alongside start-up engagements (Intellijoint, Soundbite) and academic collaboration (Ryerson University).

The company's technical footprint is anchored by its Markham facility, equipped for both rapid prototyping and low- and high-volume production runs. MD Precision itself holds ISO 9001:2015 certification, while its affiliated company Sonele Inc. operates an ISO 13485:2016 and FDA-registered facility for medical device manufacturing. This structure allows the firm to support customers from initial concept through regulated commercial production under a single commercial relationship, with services split into Product Development Solutions and Commercialization Services (process validation, device assembly, packaging, sterilization management, stocking and distribution).

MD Precision runs a sales-led, direct-engagement B2B model with no publicly disclosed pricing; engagements are project-quoted and anchored in founder and management relationships. Revenue is generated through professional services for engineering work and managed services tied to commercialization and contract manufacturing via Sonele. The company is privately held and founder-controlled, with no institutional funding or M&A activity disclosed, and currently operates with 11-50 employees serving primarily the North American market from a single Canadian site.

Name

MD Precision

Legal name

MD Precision Inc.

Website

https://mdprecision.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Founded in 2002 and based in Markham, Canada, MD Precision provides product development, engineering, and commercialization services to medical device companies, pre-clinical equipment developers, and high-tech start-ups. Its affiliated Sonele Inc. operates an ISO 13485-certified and FDA-registered medical device manufacturing facility.

Ownership category

akta.pro rank

Product category

Contract Manufacturing and Product Development Services

NAICS

Medical Equipment and Supplies Manufacturing (3391), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Special Industry Machinery, Nec (3559), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro industry

PRIMARYIMAGAGAH

Test, Measurement & Calibration Equipment Manufacturing Services (ATE, DAQ, metrology electronics)

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Industrial Electronics Manufacturing Services (EMS/ODM for industrial electronics)

Keywords

• Medical device manufacturing
• Product development services
• Precision engineering
• Prototype development
• Regulatory compliance support

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Product Development Services: Engineering and design services including product planning roadmap, concept generation and validation, mechanical/electrical engineering, industrial design, prototyping, value engineering, regulatory support, and supply chain management
2. Commercialization and Manufacturing: Process validation, device assembly, packaging and sterilization management, and stocking and distribution services for medical devices through affiliated company Sonele Inc.
3. Regulatory and Compliance Services: Regulatory support services to help clients meet IEC 60601, CE Mark and other required regulatory approvals

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MD Precision is a full-service product development and manufacturing company registered under ISO 9001:2015, offering end-to-end engineering services including product planning, concept generation, mechanical/electrical engineering, industrial design, rapid prototyping (including 3D printing), value engineering, regulatory support (IEC 60601, CE Mark), and supply chain management. The company also provides commercialization services spanning process validation, device assembly, packaging and sterilization management, and stocking/distribution, primarily for medical device and pre-clinical equipment customers. Its affiliated company Sonele Inc. specializes in medical device contract manufacturing within an ISO 13485:2016 and FDA Registered Facility.

Product overview

MD Precision is a full-service product development and manufacturing company offering two interconnected service streams: (1) Product Development Solutions, which encompasses product planning roadmap, concept generation and validation, mechanical and electrical engineering, industrial design, rapid prototyping (including 3D printing), value engineering, regulatory support (IEC 60601, CE Mark), and supply chain management; and (2) Commercialization Services, covering process validation, device assembly, packaging and sterilization management, and stocking/distribution. The company's affiliated company, Sonele Inc., operates as a separate sub-brand specializing in medical device manufacturing within an ISO 13485:2016 and FDA Registered Facility. Together, these offerings provide seamless integrated product development and manufacturing solutions, primarily serving the medical and pre-clinical equipment sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Product Development Solutions End-to-end engineering and design service covering product planning roadmap, concept generation and validation, mechanical and electrical engineering, industrial design, rapid prototyping (including 3D printing), value engineering, regulatory support (IEC 60601, CE Mark), and supply chain management. Targeted at medical device, pre-clinical equipment, and high-technology companies needing to bring complex products from idea through prototype.
• Commercialization Services Service that transitions products from prototype to volume manufacturing, including supply chain management, FMEA-based process validation, device assembly in an ISO 13485 registered facility, packaging and sterilization management, and stocking and distribution. Targeted at medical device companies ready to commercialize a developed product.
• Sonele Inc. Medical Device Manufacturing Contract manufacturing service operated through MD Precision's affiliated company Sonele Inc. for regulated medical devices within an ISO 13485:2016 certified and FDA Registered Facility. Targeted at medical device companies needing FDA-compliant production and sterilization management.

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Sonele Inc.coreStrategic or Co-development PartnerSonele Inc. is MD Precision's affiliated company specializing in medical device manufacturing within an ISO 13485:2016 and FDA Registered Facility. This partnership enables MD Precision to offer end-to-end services from product development through medical device manufacturing and commercialization, including process validation, device assembly, packaging, sterilization management, and stocking/distribution.
• Archronix CorpminorStrategic or Co-development PartnerStrategic partner providing specialized design capabilities. Listed as one of MD Precision's strategic partners bringing unique talents and capabilities to help fulfill customer requirements.
• Five Line (CVI CAD Services)minorStrategic or Co-development PartnerStrategic partner (CVI CAD Services) included in MD Precision's select roster of strategic partners who bring unique talents and capabilities to fulfill customer requirements in local markets and around the world.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Integer Holdings: Medical device contract design and manufacturing organization focused on cardio, vascular, neuromodulation, and other regulated devices. Comparable end-to-end medical device CDMO model with regulatory-certified manufacturing that competes with MD Precision for outsourced medical device programs.
• Donatelle Plastics: Medical device and regulated contract manufacturer specializing in precision plastic injection molding, assembly, and design support for medical OEMs. Comparable regulated medical contract manufacturing profile, particularly on the assembly and packaging side where Sonele operates.
• Cretex Medical: Medical device contract manufacturing division of Cretex Companies providing precision machined components, assembly, and packaging for medical OEMs. Comparable business model serving regulated medical device assembly and packaging needs.
• Phillips-Medisize: Medical device contract design, development, and manufacturing organization (now under Molex) serving drug delivery, diagnostic, and MedTech OEMs end-to-end. Directly comparable to MD Precision's integrated product development plus ISO 13485-registered contract manufacturing offering, though at substantially greater scale.
• Avalign Technologies: Medical device and orthopedic contract manufacturer providing design, engineering, precision machining, and assembly across regulated device categories. Comparable medical CDMO footprint competing with MD Precision for outsourced high-precision electro-mechanical assemblies.
• StarFish Medical: Canadian medical device design and product development firm headquartered in Victoria, BC. Provides mechanical, electrical, software, and industrial design services plus contract manufacturing support for medical device OEMs - the closest size-and-vertical match to MD Precision's Toronto-area medical device design and contract manufacturing offering.
• Biomerics: Medical device contract manufacturer offering engineering, prototyping, and production of minimally invasive, imaging, and diagnostic devices. Closely aligned to MD Precision's niche in medical device precision assembly, imaging, and interventional device sub-segments.

Broad incumbents

• Flex (Flextronics): Global electronics manufacturing services leader with a substantial healthcare and medical device contract manufacturing business. Competes with MD Precision for medical electronics assembly, imaging, and diagnostic device outsourcing at much larger scale.
• Jabil Healthcare: Global manufacturing services giant with a dedicated Healthcare and Life Sciences division offering full-service design, manufacturing, and supply chain for medical devices. Broad incumbent competitor that competes with MD Precision for outsourced medical device programs at greater scale and geographic reach.

Regional players

• Celestica: Canadian-headquartered global contract manufacturer serving aerospace, communications, and healthcare customers. Regional/geographic peer in Toronto-Ontario technology corridor that competes for adjacent medical device and high-tech electronics work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MD Precision