The relationship between medical device original equipment manufacturers (OEMs) and contract manufacturing organizations (CMOs) has been swiftly evolving in recent years. As more prominent manufacturing brands are shifting their focus on marketing, branding, and making products viable in the current scenario, they have started leveraging CMOs beyond the supply chain, procurement, and assembly operations. In fact, CMOs are now the critical enablers of the industry’s true strategic mission: medical device innovation. CMOs offer the flexibility to shift rapidly according to changing market demands. This allows them to render not only end-to-end manufacturing but also accurate forecasting, on-time client deliveries, and superior servicing of medical devices.
As technology advances, medical information is exchanged between multiple stakeholders, such as manufacturers, healthcare providers, and suppliers. The FDA is actively holding manufacturers of medical devices accountable for problems related to security, which is why risk management has become a priority in the sector. In that regard, medical device manufacturers have started to embrace leading-edge cybersecurity services to implement robust security measures. Whenever data is exchanged through medical devices, these measures will aid manufacturers in mitigating breaches in security.
Additionally, medical device manufacturers are implementing the internet of medical things (IoMT) to enable communication between medical devices and IT systems in healthcare. Healthcare providers can make sound and informed decisions by analyzing this shared data. IoMT apps and instruments also help lower the cost of medical services, optimize patient outcomes and improve operational efficiency. That is why companies that manufacture medical devices are constantly seeking ways to expand the capabilities of IoMT technologies.
At this juncture, there is a variety of materials manufacturing and contract manufacturing companies available in the market that cater to the different needs of medical device OEMs. To choose the top 10 materials manufacturing and contract manufacturing companies, MedTech Outlook has compiled this edition. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs and CXOs.
We present to you MedTech Outlook’s, “Top 10 Contract Manufacturing Companies – 2022.”
