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Working with NI (National Instruments)'s Graham Green is always a pleasure! Here’s an article he put together including the takeaways from our joint analysis on the future of medical manufacturing: #medevices #medtech #testengineering https://hubs.ly/Q02wrPxY0

Faycal Benayad-Cherif's insights in a recent MD+DI interview shed light on how implementing lean principles can streamline production, save time, and cut down costs in the highly complex medical device industry. Regardless of the specific medical device subsector, the benefits of embracing lean manufacturing are undeniable, transforming the industry for the better. Read the full interview to explore these game-changing ideas! #MedicalDevice #LeanManufacturing #ContinuousImprovement

The failure, or unavailability, of a vital component late in the development of a medical device can derail a project. Even the slightest hiccup can have profound implications especially if the product is already on the market. We have been at the forefront of assisting our clients in solving issues like these. Our seasoned team has worked across a spectrum of device industries, gaining invaluable insights into various failure modes through: ✔️ Root cause analysis ✔️ Evaluation and verification of alternatives ✔️ Empowering core product teams ✔️ Ensuring confidence in your product When a component starts failing unexpectedly, we know it’s critical to understand why. Root cause analysis is a cornerstone of our approach, allowing us to unearth the underlying factors contributing to component failures. By applying rigorous technical analysis, recognised techniques, and targeted expertise, we identify not just the symptoms but the fundamental reasons behind the failure. 👉 https://lnkd.in/eVaD5bSm Sarah Knight, 42T's Head of Medical Technology, has expertise in medical device development and has guided products through all stages of development from innovative concepts to detailed design, regulatory approval, and troubleshooting in manufacture. #MedicalDevice #Healthcare #Product #Development

If you're still using the legacy product commercialization process, you're spending more time, money, and resources than you need to. By using a siloed approach to design, develop, and manufacture your medical devices through numerous outside or internal partners, your current process is: - Causing production bottlenecks. - Creating opportunities for product defects. - Hindering your medical device from current market adoption. The time to adopt a modern product commercialization platform that can get you to market quickly is now— let's talk. https://lnkd.in/gBCNrEcq #mpe #medtech #productdevelopment #medicaldevicemanufacutring #manufacutring

There are so many ways to leverage decades of manufacturing and supply chain management experience to improve the development and transfer to manufacturing of medical devices ... If you look, you will find.

By 2030, the medical device manufacturing market will reach nearly $800 billion, representing a compound annual growth rate of 5.9% over the next seven years. It makes sense then that 75% of medical industry professionals are overwhelmingly optimistic about the market, according to Xometry’s 2023 Medical Device Manufacturing Report.  #medicaldeviceindustry #manufacturing #thomasforindustry

There are good reasons that fixed-cost pricing is a rarity in medical device product development projects. Medical device development—and especially for implantable and lifesaving devices—is a highly complex undertaking that can take years. Going into it, there are many unknowns, and initial assumptions may prove inaccurate as the project unfolds. So what’s the secret to making milestone-based pricing successful? Cinnamon Larson, PhD, VP of Research and Development with over 25 years of experience, spills the beans about the formula that makes milestone-based pricing strategy successful for Nocturnal and our #MedicalDevice clients. https://lnkd.in/eySFWv5G #MedTech #fixedcost #lifesaving #implantable #classII #classIII

Turns out that everybody wins with fixed cost projects.

Why Are Medical Device Development Costs So High? Developing medical devices is a complex, expensive, and time-consuming process. Our blog post below dives deep into the various factors contributing to these challenges and explores why innovation in this field comes at a premium. From regulatory hurdles to rigorous testing and compliance, we cover it all to help you understand the intricacies involved in bringing a medical device to market. Whether you're an industry professional or simply curious about the behind-the-scenes of medical technology, this post is for you! To Read More: https://lnkd.in/ge548F2W