About 10 years ago, there were a number of notable trends and market forces which began to, once again, change how the medical device manufacturing sector brought its products to market. They’re still shaping the market we have today.
Andrew Potter, Managing Director at Bonifacio Consulting, recently authored this piece along with Chris Delporte on the seven major trends over the last decade that have shaped the medical device industry. The article is the kick-off to a series that will delve into each of these trends in more depth. Here’s a preview of the article:
Perhaps the true measure of a forward-thinking industry is its ability to evolve to meet new market challenges, demands and opportunities. The medical device industry — and certainly the contract manufacturing sector that has grown over the last two decades into an integral part of medtech’s success story — not only has adeptly changed to meet new clinical demands, but also has, as part of that process, reshaped its manufacturing models to better respond to shifting economic realities.
The pace of evolution means that industry-watchers are constantly charting trends, trying to stay out in front of the wave. And if you enjoy trendspotting, the medical device manufacturing space doesn’t disappoint. There are plenty of industry-altering forces from which to choose: the expanding role of additive manufacturing (in fact, the FDA recently issued a first-of-its-kind guidance for 3-D printing of medical devices), cloud computing, increased supply chain efficiencies — and the list goes on.
Read the full piece on Medical Design and Outsourcing.