Innovations are coming fast and furious in the medical manufacturing supply chain space.
According to an article from Packaging Technology Today, the following factors are pushing this need for new approaches and technologies:
- Increased global competition:
? Locally/regionally focused, companies must now respond to increased competition, using up resources and affecting performance.
- A growing list of regulatory roadblocks:
? With further globalization comes more regulatory standards to keep up and comply with, stretching resources even thinner.
- Improved data analytics:
? Customers have open access to real-time data, helping impact their business interests and overall strategy.
- Keeping up the customer experience:
? Larger firms keep buying out smaller manufacturers. As a result, individual customers aren’t receiving the personalized attention they once did. Medical manufacturing companies need to be ready to offer more one-to-one solutions instead of thinking too broadly and ignoring specific clients’ needs.
- Increased costs in healthcare
? Considering what hospitals have been through over the past year, spending keeps trending upward on manufactured medical devices. And if healthcare keeps spending, then manufacturers have to keep supplying.
How Are Medical Device Manufacturers Responding to these Industry Trends?
As mentioned in the introduction, innovation and rapid industry movement are at the heart of keeping up with these fast-moving trends.
One innovation that makes significant waves is thermoforming for product packaging–a cost-efficient and versatile process. Furthermore, its part-to-part repeatability is accurate and reliable.
Read below as this blog examines thermoforming and how it’s making medical device manufacturing one of the fastest-growing fields in healthcare.
What Created the Reliance On Thermoforming?
The fact is, medical device manufacturers were always traveling murky waters. It’s an industry packed with boundaries and handcuffs. Keeping up with continual technological shifts and skeptical governments made remaining on the cutting edge critical to success.
Throw COVID-19 in the mix, and the industry now faces the following two-pronged issue, according to an article from Plastics Today:
- Issue #1:
? There’s pressure from the market to innovate at a lightning pace and get products to market quicker than ever before.
- Issue #2:
? This desire to rush products to market has made regulators even more sensitive about medical devices. So, a magnifying glass is being held over the healthcare manufacturing supply chain.
The need to be bold and take risks is obviously a must for organizations to keep up – or stay ahead – as the industry keeps moving in this direction. But it’s crucial to ensure medical device packaging and closures meet the FDA and ISO 11607 regulations for terminally sterilized medical device packaging.
But how does it work?
Thermoforming heats a plastic sheet to a pliable forming temperature. From there, it’s shaped to a given mold before it’s trimmed into a usable product. Proving up-to-snuff for multiple regulatory bodies, thermoforming has already been an ideal solution for many plastic enclosures.
Healthcare Recruiters International (HCRI)
At HCRI, we partner closely with you to hire talent that’s familiar with all the cutting-edge industry trends; surrounding yourself with informed talent will keep your organization separated from the rest of the medical device industry.
Contact HCRI today for access to high-level candidates for your medical technology organization.