High Intensity Focused Ultrasound – Product Analysis
Landscaping Service Opportunities in the Medical Devices Sector: Key Takeaways, US, 2015
The medical device sector is rapidly growing and is an intensely competitive market with the need for new technologies, extensive research and developments (R&D), and advancements in manufacturing and service offerings and capabilities.
The pricing pressures, stringent regulatory norms, and % medical device excise tax, coupled with product innovation pressures, has forced medical device companies to redefine their business models and emphasize more on service capabilities (both internal and external) to bring in more value and improved outcomes.
The medical device sector is in a transitional period where stakeholders are seeking to concurrently enact seemingly contradictory measures of improving quality of care while also reducing the cost burden of that care. Key to achieving those goals are strategies towards operational efficiency.
Several companies are uniquely positioned to help facilitate those transitions through existing and potential future service offerings. Additionally, Frost & Sullivan has identified certain service areas, where the original equipment manufacturers (OEMs) need to acquire or align those servicing capabilities to ensure a smoother transition.
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