Summary of news from the medical manufacturing industry

0

While the pandemic years have been challenging for many industries around the world, their uncertainty has transformed the way we live and work. Against this backdrop, the medical device industry has had to adapt to new methods of digital transformation to ensure product quality, reduce costs, improve efficiency and comply with global regulations.

As we move forward, it is crucial to be aware of the trends that will impact the medical device industry in 2022. While sound infrastructure and legacy software may have historically helped improve the structure and efficiency of modern healthcare and hospitals, given the demanding nature of the medical industry, such legacy software may not be enough to support the to meet growing demands from customers and key stakeholders. In addition, it is also important to consider whether outdated infrastructure and software can be integrated with the latest technologies or whether they can be replaced with more innovative and reliable systems. Eventually, when these technologies focus more on productivity, safety and efficiency without compromising on reliability, they may become widespread.

There have been many technological innovations that have driven the transformation of the healthcare sector. Given below are some of the main technologies of Cloud PLM Solutions to smart medical wearables that could impact the medical device industry and have the potential to transform the industry.

The growing demand for cloud transformations
In the age of distributed and collaborative business models, cloud computing is gradually gaining popularity in the digital workforce. Many industries have either completely transitioned or moved most of their processes to the cloud.

Cloud computing has untapped potential in the medical device industry because it offers a common platform with industry-wide workflow automation, unified data, and a comprehensive and customized product development process that can help medical device companies become more scalable and efficient. Cloud services not only help to improve the scope of medical services, but also improve the flow of data between service providers and users.

By improving visibility, collaboration and responsiveness across the entire value chain, the latest generation of cloud services enables reduced costs, faster time to market and a superior customer experience.

Introducing cloud PLM services to improve the product development lifecycle
The medical device industry faces tremendous challenges ranging from quality inconsistencies, supply chain inefficiencies, complex regulatory compliance issues and rapid product innovation to meet the current demands of the healthcare industry. This is where the importance of current Product Life Management (PLM) systems can be revolutionary in optimizing current technological resources or upgrading to new solutions.

The PLM cycle is the process of managing the entire life cycle of a product from its inception through design, development, manufacturing and commercialization of the manufactured product. In the medical device industry, the company has become a major player in accelerating deliveries, improving time to market, reducing costs, assisting with regulatory compliance and achieving faster product design.

PLM services for the medical device industry, like Oracle PLM Cloud and Agile Product Lifecycle Management Solutions, are incredibly valuable because they consist of solutions for product innovation, supply chain, quality, and regulatory compliance. Bringing an innovative, cost-effective product to market quickly requires collaborative interaction from all key stakeholders throughout the product design cycle. This is where the adoption of PLM services is key, as they not only reduce time to market, but also reduce costs associated with redesign, reduce regulatory delays due to inefficient document control, and improve communication between teams.

Portable medical technology is becoming increasingly popular
One of the most significant advances in the healthcare industry is the advancement of wearable technology. Smart wearable medical technology has made it possible to monitor a patient’s status or their own status, which is incredibly valuable. The trend towards consumer smartwatches will continue to spread and their potential for use in healthcare applications needs to be considered. In addition, smartwatches are also improving in their ability to provide more accurate blood readings to their users.

Smart watches aren’t the only technology set to experience a growing curve in the coming years. Bio-patches and small hearing aids have a similar impact when it comes to promoting overall health and well-being and optimizing patient healthcare.

3D printing technology helps save lives
Another emerging technology that is expected to gain a lot of traction in the medical device industry is 3D printing technology. 3D printing is the process of creating three-dimensional solid objects from a digital file. When used in the medical device industry, 3D rendering technology has a remarkable ability to make a positive impact and save lives. With 3D printing technology, it is possible to create patient-specific prostheses, custom-made organs and tools for surgical interventions. In addition, these printed objects can also be used for prototyping and research purposes. In addition, 3D printing technology is also used to improve design in dentistry and orthodontics.

The scope of artificial intelligence in medical regulations
While the medical device industry has been improving rapidly and life expectancy is increasing, as longevity increases, the medical industry faces a growing demand for its services and a workforce that is struggling to meet the needs of its patients. The growing demand for patient needs combined with huge costs and operational inefficiencies has forced organizations to rethink their entire lifecycle processes. This is where the importance of AI comes in, which is the science of outfitting a machine to make decisions in a way that mimics human intelligence and behavior. Fueled by the pandemic, AI has recently evolved from a concept to a reality.

Medical devices are subject to strict regulatory standards that adequately ensure their safety and efficacy due to their ability to change patient health outcomes for better or worse. AI can accelerate this process, providing more meaningful insights from small patterns in huge data sets and advanced analysis of how systems perform over time and under many circumstances, drastically reducing inspection times. In addition, thanks to its predictive capabilities, the AI ​​can read and anticipate text, speech, symbols and other elements associated with a medical device’s label. It can then automatically feed this data into a spreadsheet, speeding up tedious procedures that would take much longer.

AI can be a game changer when it comes to optimizing operational efficiencies and minimizing risk in a highly regulated business like the medical device industry, where it can lead to significant improvements in error handling and performance management.

The future of the medical device industry lies in digital innovation
Throughout 2022, the medical device industry will continue to grow significantly in many key areas, most notably regulatory compliance. Faced with compliance and regulatory deadlines, the medical device industry must embrace advanced technologies to meet regulatory compliance guidelines and many other operational challenges.

Fortunately, emerging technologies such as cloud-based services, especially cloud-based PLM solutions, artificial intelligence and 3D printing are paving the way for digital innovations in the medical device industry and helping them to overcome critical challenges. While such technologies are far from replacing human interaction and intelligence, they can significantly improve operational efficiency, productivity and speed while minimizing the risk of error.

Share.

Comments are closed.