Medical Device Industry Solutions

Trends shaping the medical device industry

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.

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:

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:

Price and cost pressures

Who you're selling to is changing, and that consolidation in purchasing power adds increased price pressure.

Regulation and risk management

Regulatory requirements are expected to increase with no relaxation of post-market attention to patient outcomes.

Internet of Medical Things (IoMT)

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.

Improving patient outcomes and post-market surveillance

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.

Create meaningful business impact while maintaining compliance

Medical device companies are investing in quality and regulatory initiatives, but quality compliance improvements are oftentimes at the expense of flexibility, agility, and innovation. PTC's breadth of solutions for accelerating digital transformation make us uniquely positioned to help you maximize revenue growth, reduce costs, and increase collaboration and agility while maintaining quality compliance.

See how PTC's medical device industry solutions are helping customers to:

Maximize revenue growth

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 costs

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 efficiency

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.

Speed NPI

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.

Medical device industry 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:

Internet of Medical Things (IoMT) solutions

PTC’s solutions for IoMT provide the visibility that medical devices companies need to keep their equipment available and operating to approved specifications. IoMT solutions can provide early warnings that systems are moving to a non-compliant condition.

Explore IoMT

Regulatory compliance solutions

PTC provides baseline assurance for FDA and EU-MDR with PLM/QMS software that helps medical device manufacturers manage, control, and track continuously evolving product information. This helps teams minimize costs, improve re-use, create auditable records, and shorten lead times. Lower overhead costs by unifying engineering and regulatory workflows.

Explore Solutions

Medical device industry case studies

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.

Sysmex

Sysmex reduced costs and improved healthcare outcomes with PTC’s IoMT solutions.

Read Their Story

Zeiss

Zeiss reduced costs and improved customer satisfaction with PTC’s service optimization solution that enabled predictive service.

Read Their Story

CONMED

CONMED augmented their CfQ journey by unifying core regulated processes, quality management, and product development in a single system.

Read Their Story

Bose

Bose is leveraging best practices from each division using PLM software for enterprise-wide quality governance.

Read Their Story

Medical device industry technologies

Industrial IoT (IIoT)

Maximize revenue and ensure compliance with IoMT solutions backed by the industry’s leading industrial IoT platform.

Product lifecycle management (PLM)

Accelerate time to market while reducing the cost of compliance with PTC’s product lifecycle management solutions.

Augmented reality

Improve quality, safety, and workforce efficiency by equipping frontline workers with augmented reality work instructions for assembly, service, and training.

Computer-aided design (CAD)

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.

Industrial IoT (IIoT) Maximize revenue and ensure compliance with IoMT solutions backed by the industry’s leading industrial IoT platform.

Product lifecycle management (PLM) Accelerate time to market while reducing the cost of compliance with PTC’s product lifecycle management solutions.

Augmented reality Improve quality, safety, and workforce efficiency by equipping frontline workers with augmented reality work instructions for assembly, service, and training.

Computer-aided design (CAD) 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.

News and resources

Trends shaping the medical device industry

Price and cost pressures

Regulation and risk management

Internet of Medical Things (IoMT)

Improving patient outcomes and post-market surveillance

Create meaningful business impact while maintaining compliance

Maximize revenue growth

Reduce costs

Increase efficiency

Speed NPI

Medical device industry solutions

Internet of Medical Things (IoMT) solutions

Regulatory compliance solutions

Medical device industry case studies

Sysmex

Zeiss

CONMED

Bose

Medical device industry technologies

Industrial IoT (IIoT)

Product lifecycle management (PLM)

Augmented reality

Computer-aided design (CAD)

Report: Achieving closed-loop quality

Webcast: Smith and Nephew case study

Remote monitoring in medical devices

Maximize medical device uptime with IoT

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