To this day, many Medical Device manufacturers are still operating on paper… Is your business one of them? We’re excited to share this exclusive e-book created for Seabrook Technology Group, one of our valued partners at the Virtual American Medical Device Summit! In this e-book, we examine the value of Connected Manufacturing for Medtech 4.0. Here’s a key excerpt from our interview with Seabrook: Welcome to Connected Manufacturing. Connected Manufacturing is not just a “product” or “service”, but a strategy that eliminates the shoehorning of new functionality into legacy systems. Additionally, connected manufacturing enables the “best of breed” approach that optimizes operations, enhances user experience, and maximizes value returned to the organization. We invite you to access the full e-book here.
Read More →The Medical Internet of Things (MIoT)
The Internet of Things (IoT) has emerged as something of a phenomenon in the last few years. The concept has become so popular that its impact is being felt across many industries. The healthcare industry is no exception. It is playing a leading role in this transformative process. Five years ago, the medical connectivity market was largely insignificant but has caught up rapidly. The market is expected to grow an astounding CAGR of 38% until 2020 by adopting the capabilities of the IoT. This intense growth is due to the increasing connectivity of medical devices and personal health tracking devices on the market, leading to an explosion in healthcare big data. Medical equipment, personal health and fitness trackers collect terabytes of data each day, most of which goes unutilized. In the future, the application of advanced analytics to healthcare ‘big data’ will have far-reaching implications on the industry overall, with the global healthcare analytics market expected to reach $20.8 billion by 2020.
Read More →A History of Innovation at Mayo Clinic: Interview with Mark Wehde
This October, Mark Wehde, Section Head of Technology Development at the Mayo Clinic Division of Engineering, will join us at the American Medical Device Summit in Chicago to talk about how engineers at Mayo Clinic have teamed with physicians for over 100 years to find new ways to better care for their patients. In advance of the summit, we spoke to Mark Wehde about this relationship and the culture of innovation at Mayo Clinic. What does it mean to you to ‘innovate’? For most from my generation, technology has grown up around us. The things we take for granted today were only barely imaginable 30 or 40 years ago. To this day I still find it amazing that I can walk into our lab and make a radio. I can make an ECG monitor. I could make a respiratory monitor. This afternoon. To me, that is one of the singular pleasures of being an engineer – we can make the things we use.
Read More →The Future of Medical Device Manufacturing
The medical device manufacturing world can be a competitive space, and it can be difficult to stay afloat among other competitors. In this executive brief by Copley Consulting, you will find out more about key initiatives that will allow you to maintain a strong, competitive position in this space. With next-generation ERP systems that include the newest analytics and tools for collaboration, you can meet Baby Boomer demand while controlling costs. Key highlights include: Improving agility; Fostering collaboration; Keeping up with changing demands; Lowering costs and reducing lead times; and Gaining a competitive edge. Find out more about these key themes and ERP systems in the full brief below:
Read More →eBook: Realistic Simulation for Medical Device Developers
Today, medical device developers use realistic simulation solutions from SIMULIA to accelerate the overall product innovation process, reduce development costs, and improve patient safety and product quality. This Q&A eBook with Dassault Systèmes explores realistic simulation and its massive potential to dramatically transform healthcare. Included is a video where Dr. Steve Levine, of Dassault Systèmes, discusses 3D Design and Collaborative Platforms to Support Digital Health at Generis’ American Medical Device Summit 2016. Check out the eBook and the video below!
Read More →The Implications of a Changing Healthcare Environment
An Interview with Siemens Healthcare Diagnostics’ Dr. James Donnelly. The medical device industry has achieved significant growth over recent years, with the industry expected to generate $365 billion in sales by the end of 2015, and $460 billion by 2018 (information sourced from TÜV SÜD). The initial and continued success of a medical device is dependent on the value it brings to the delivery of healthcare, where there is a need to reduce waste in an evolving regulatory and reimbursement climate. Prior to his speaking engagement at the upcoming American Medical Device Summit 2015 in Chicago next week, we had the opportunity to sit down with James Donnelly ,Ph.D., Chief Scientific Officer, Global VP, Medical, Scientific & Statistical Affairs, Siemens Healthcare Diagnostics to gather his perspective on the medical device industry in the U.S., and understand how changes to the healthcare system will influence the industry moving forward. Donnelly has been with Siemens for more than eight years, beginning as Global Vice President of Medical, Clinical and Statistical Affairs. He is passionate about integrating customer input, quality, and innovation into the design of products. He also believes the customer must be an active partner in product lifecycle management and that innovation without purpose will not consistently add value to the healthcare system. Jim, how would you describe the current healthcare environment in the U.S. for medical devices? The current healthcare spend is not sustainable. We spend too much on healthcare delivery without the expected return in value. The healthcare system and its stakeholders are all experiencing significant …
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