Outsourcing partners--such as injection molders of medical plastics--will play an increasingly important role as device manufacturers continue to restructure and downsize their own manufacturing capabilities, says Venkat Rajan, industry manager-medical devices for Frost & Sullivan.
The critical factors for supply chain partners will be:
2. Experience in medical design,
3. Organizational stability,
4. Functional performance,
6. Strategic design expertise, and
7. Broad capabilities portfolio.
While medical device design and manufacturing remains one of the most dynamic sectors of the U.S. economy, the industry is undergoing a transition to adapt to new business models that are changing the way care is delivered and paid for in the United States, according to Rajan, who led a conference session last week at BIOMEDevice Boston. ...