Medical device companies are facing regulatory compliance burdens that are proving to hinder their ability to innovate. The changing regulatory environment can lead to time to market delays, higher costs of poor quality, and delays in collaboration agility and efficiency across their product lifecycles. <br /> <br/> From engineering design handover to manufacturing, to traceability and collecting audit-ready data, medical technology professionals are primed for digital transformation across the enterprise to address these challenges and help them achieve their business goals. Learn how PTC is helping medical device companies overcome these key challenges:
Who you're selling to is changing, and that consolidation in purchasing power adds increased price pressure.
Regulatory requirements are expected to increase with no relaxation of post-market attention to patient outcomes.
Increased competition and the need to provide service and support at an optimal level are driving adoption of new technologies to deliver connected medical devices.
Specialized service and maintenance—and a lack of and lack of visibility into device failure or downtime—may result in missed patient treatments or even patient harm.
Using PTC solutions, you can offer your customers the flexibility you both need to expand revenue opportunities despite industry changes. Learn how you can increase service revenues, deliver new business models (such as Product-as-a-Service and pay-per-use), and accelerate your time to market.
Reduce the cost of compliance with solutions for simplifying end-to-end traceability. Lower the cost of service delivery and minimize risks to patient outcomes. Learn how to shrink costs of poor quality by improving first-pass yields, and eliminating design errors that drive assembly issues and line failures.
Increase productivity and efficiency of engineering, manufacturing, and service teams with solutions that help you eliminate manual processes. Ensure your teams have access to the data they need when they need it by breaking down informational silos and enable better decisions across the product lifecycle.
Get new products to market faster by enabling faster compliance cycle times and speeding time to industrialization. Automate the training tracking of standard operating procedures (SOPs), streamline regulatory submissions, and ensure proper documentation across the entire product lifecycle with digital thread quality management solutions.
PTC is a market leader in helping medical device companies accelerate digital transformation to achieve meaningful value and business outcomes. Ensure compliance with solutions for engineering excellence, manufacturing efficiency, service optimization, product and service innovation, closed-loop quality, and regulatory automation.
Here are two of the top use cases for medical device companies:
Read more about how PTC’s customers are achieving their business goals with technology solutions tailored to the unique needs of this heavily regulated industry.
Maximize revenue and ensure compliance with IoMT solutions backed by the industry’s leading industrial IoT platform.
Accelerate time to market while reducing the cost of compliance with PTC’s product lifecycle management solutions.
Improve quality, safety, and workforce efficiency by equipping frontline workers with augmented reality work instructions for assembly, service, and training.
Reduce design time and prototyping costs with solutions to design, develop, and document products in conjunction with parametric modeling, generative design, and simulation and analysis.
This Aberdeen Research Report explores how the digital thread can improve quality management in medical devices.
Hear how Smith and Nephew created a digital foundation and enabled the digital thread to reduce time to market and operational costs.
Read the transcript of an interview with industry experts on how remote monitoring is reshaping the industry and improving patient outcomes.
Learn from Tech Clarity how IoT can help medical device manufacturers to ensure equipment uptime by providing proactive service.