What SRC Medical does

SRC Medical, Inc. is a privately held, family-owned contract manufacturer specializing in precision plastic injection molding for medical, pharmaceutical, and consumer healthcare applications. Founded in 1972 in East Boston and now headquartered in Hanover, Massachusetts, the company operates an 80,000+ square foot ISO 13485:2016-certified manufacturing facility equipped with 25 injection molding machines (85-300 tons), 5 automated robotic work cells, 4 high-speed wrapping machines, 5 hot stamp machines with 360° printing capability, an in-house machine shop with CNC equipment, and cleanroom production environments. The company maintains a sub-2% scrap rate and capacity for orders ranging from prototype samples to hundreds of millions of units per year.

The company's product portfolio includes standard medical delivery devices (cream applicators, suppository applicators, tablet applicators, and glass and plastic dropper assemblies) as well as custom injection molded components for Class I medical devices and pharmaceutical drug delivery products. Revenue is generated through quote-based B2B contract manufacturing with multi-year partnership agreements, complemented by value-added services including hot stamping, wrapping, assembly, packaging, tool maintenance, and product development design consulting. Customers include Fortune 100 pharmaceutical companies and major medical device manufacturers, with named anchor relationships spanning 14-20+ years (Ferring Pharmaceuticals since 2004, MSH Pharma 14+ years).

The business operates under a direct sales model with relationship-based enterprise selling, supported by an informational website and inbound quote requests. The company is currently led by the second generation of Tinkham family ownership (Roy Tinkham as President, Lisa Raasch as CFO) with the third generation (Brian and Jeff Tinkham) actively involved in operations. Regulatory certifications including FDA Registration #1218347, 21 CFR Part 820/210/211 compliance, and CE Mark provide multi-jurisdictional market access for pharmaceutical and medical device customers.

Name

SRC Medical

Legal name

SRC Medical, Inc.

Website

https://srcmedical.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

51–100 employees

Short description

SRC Medical is a family-owned precision plastic injection molding contract manufacturer serving medical, pharmaceutical, and consumer healthcare companies with applicators, dropper assemblies, and custom components from its ISO 13485:2016-certified 80,000+ sq ft facility in Hanover, Massachusetts.

Ownership category

akta.pro rank

Product category

Medical Device Contract Manufacturing

NAICS

Plastics Product Manufacturing (3261), Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (33911)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Medical & Life Sciences Injection Molding (Devices, Diagnostics, Cleanroom) (IMANAFAC)

akta.pro secondary industry

Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)

Keywords

• Medical plastic injection molding
• Medical device contract manufacturing
• Pharmaceutical delivery components
• Custom applicator manufacturing
• Precision plastic prototyping

Headquarters

HQ city

Hanover

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Custom Injection Molding Contract Manufacturing: Project-based contract manufacturing for custom injection molded plastic parts. Revenue generated from design, prototyping, tooling, and production services. Long-term partnerships with recurring orders from established pharmaceutical and medical device companies.
2. Standard Product Sales (Droppers, Applicators): Sale of standard-size medical dropper assemblies and applicators in bulk quantities. Standard products include 0.5oz, 1oz, 2oz, and 4oz droppers; cream, tablet, and suppository applicators in various sizes.
3. Value-Added Services: Additional revenue from hot stamping, wrapping, assembly, packaging, part marking, and decorating services. Tool maintenance and fabrication services also contribute to revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SRC Medical is a medical and pharmaceutical plastic injection molding contract manufacturer. It sells standard cream, tablet, and suppository applicators and glass or plastic dropper assemblies, while providing design consulting, prototyping, engineering, custom molding, assembly, decorating, packaging, tooling, and other value-add manufacturing services.

Product overview

SRC Medical is a plastic injection molding company and contract manufacturer specializing in medical devices and pharmaceutical products. The company operates a 80,000+ square foot ISO 13485:2016 certified facility in Hanover, Massachusetts, providing a comprehensive portfolio of medical applicator products (Cream Applicators, Suppository Applicators, Tablet Applicators) and Dropper Assemblies (glass and plastic, in standard and custom configurations). These products are complemented by full-service offerings including Product Development Design Consulting, Injection Molding, Prototyping, Plastic Molding Engineering, and Value-Add Services (hot stamping, wrapping, assembly, packaging). The company serves the medical, pharmaceutical, consumer healthcare, food/beverage, aerospace, defense, and automotive industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Cream Applicators Medical vaginal cream applicators with standard 16-pitch threaded and M11 threaded designs, dosage markings for single-dose or multi-dose use, and bulk packaging options.
• Suppository Applicators Disposable suppository applicators in five custom styles with varying tip sizes, offered in bulk single-packs and multi-packs.
• Tablet Applicators Custom medical tablet applicators for round, oval, and straight-edged tablets, using a two-piece pre-assembled design offered in single-pack and multi-pack configurations.
• Glass and Plastic Dropper Assemblies Wholesale glass and plastic dropper assemblies for liquid measurement in 0.5oz, 1oz, 2oz, and 4oz sizes, with configurable pipette materials, tip styles, and cap options.
• Custom Dropper Assemblies Custom-configured dropper assemblies for medical, beauty, and personal-care applications, with configurable materials, dimensions, tip and cap designs, bulb types, printing, and wrapping.
• Product Development Design Consulting Medical-device product development and design consulting covering conceptual development, 3D CAD modeling, design for manufacturability, and regulatory submission support using SolidWorks and AutoCAD.
• Injection Molding Services Custom plastic injection molding for medical, pharmaceutical, healthcare, consumer, and food applications, using 25 machines with 85-to-300-ton clamping force, in-house tooling, and design support.
• Medical Device Prototyping Rapid plastics prototyping using 3D printing, CNC machining, and injection-mold tooling to produce prototypes for form, fit, and function validation.
• Plastic Molding Engineering Plastic molding engineering covering medical-device design engineering, verification and validation, regulatory submissions, production preparation, and medical-device quality systems.
• Value-Add Services Manufacturing support including 360-degree hot stamping, wrapping, assembly, packaging, part marking, decorating, finished-device assembly, tool maintenance, and tool fabrication.

Quantifiable outcome

• Less than 2% scrap rate maintained facility-wide for several years, resulting in cost savings for customers and sustainable manufacturing
• +2 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Tessy Plastics: Tessy Plastics is a US-based contract manufacturer of plastic injection molded components, with significant medical device and pharmaceutical customers. Highly comparable to SRC in services offered (custom molding, assembly, finishing) and target end-markets.
• Medbio: Medbio is a medical device contract manufacturer offering plastic injection molding, assembly, and packaging for medical and pharmaceutical OEMs. Comparable in scale, ISO 13485 certification posture, and customer base to SRC Medical.
• Life Science Outsourcing (LSO): Life Science Outsourcing provides medical device contract manufacturing services including plastic assembly, packaging, and injection molding support for medical OEMs. Comparable as a mid-sized medical-focused CMO competing for similar pharmaceutical and device programs.
• MGS Manufacturing Group: MGS Manufacturing Group operates multi-shot and standard plastic injection molding with dedicated medical and pharmaceutical capacity. Comparable to SRC in regulated molding services and customer industries.
• Stack Plastics: Stack Plastics is an FDA-registered, ISO 13485-certified medical injection molding contract manufacturer serving medical device and pharmaceutical customers. Direct overlap with SRC's regulatory-certified custom molding offering.
• Plastic Molded Concepts: Plastic Molded Concepts is a precision injection molding contract manufacturer focused on medical and industrial applications with assembly capabilities. Comparable in scale, capability mix, and customer mix to SRC Medical.
• Phillips Plastics (a Foxconn company): Phillips Plastics is a precision injection molding contract manufacturer with extensive medical device and diagnostics customers, now part of Foxconn. Comparable in medical injection molding and assembly capabilities, though at larger scale.

Broad incumbents

• West Pharmaceutical Services: West Pharmaceutical Services designs and manufactures primary packaging, drug delivery components, and elastomeric closures for the pharmaceutical industry. Comparable in pharma-grade plastic and elastomeric delivery components, but at a much larger scale and with proprietary products.
• AptarGroup: AptarGroup is a global provider of dispensing, sealing, and active material science solutions for pharmaceutical, beauty, and consumer healthcare end-markets. Comparable because Aptar makes dropper assemblies and drug delivery devices — overlapping with SRC's dropper and applicator lines — but at much greater scale and brand recognition.
• Teleflex Medical OEM: Teleflex Medical OEM partners with medical device manufacturers to develop and produce specialty components including custom extrusions, catheters, and plastic assemblies. Comparable as a contract manufacturer serving medical OEMs, though with broader product breadth and global footprint than SRC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 SRC Medical