In a recent editorial (“Blue Skies or Clouds Ahead for Medtech Industry? Experts Make Their 2012 Predictions”), Medical Device and Diagnostic Industry web editor Heather Thompson surveyed several leading experts in the Medical Device industry to get their opinion on the future of the medical device industry in 2012. Among the predictions? Greater opportunities to get involved in regulatory requirements and an increasing push towards a global perspective during the entire development process, to name a few.
Below are some article highlights. See if you can guess who said what! Experts consulted included a regulations expert, industry analyst, financier and a product design expert.
- Resist the urge to cut expenses by cutting training. While finding ways to cut costs is always important, the most successful companies will do so without sacrificing well trained staff. Find ways to manage spending in ways that won’t affect quality and service.
- Mergers and acquisitions will increase in the new year. The opportunity for mergers and acquisitions have grown as companies continue to look for ways to consolidate and cut costs. This trend is expected to continue into 2012.
- Changes in FDA requirements will prove tricky for some companies. Paying careful attention to requirements updates during the design process will really pay off in the long run for companies that think ahead.
At KASO we strive to meet your requirements while continually improving quality, on-time delivery and reducing costs. Our highly trained staff and medical injection mold and assembly services ensure your project will be compliant with your specific requirements as well as industry standards. We provide guidance with material selection, cost, and new techniques to create medical products to meet the challenges of a constantly evolving market.
To read the entire article, visit the MDDI website.