Medical devices encompass broad items such as bandages all the way through to high-tech pacemakers. Over the years, the medical device industry has seen an increasing emphasis on design and simplicity, but today there is a high demand for intuitive devices with a faster time to market. Meanwhile, hospitals and medical facilities are pressuring medical device manufacturers to be more secure, innovative, cost-effective, and efficient. Despite the continuous innovation in new product design and development, the added impact of regulations on the medical device manufacturing sector is resulting in simpler administrative tasks and increased legal certainty and credibility. Manufacturers are implementing data management strategies that help with ongoing compliance and regulations.
Globally, the medical device manufacturers are shifting from a transaction-based approach to an approach that involves focusing on creating value for providers, practitioners, payers, and patients. The manufacturers are also continuing to introduce new products using specialized product technology, all the while complying with ever-shifting worldwide regulations. Maintaining top-notch product quality is essential to ensure adequate brand reputation and the company’s bottom line. Thus, ensuring medical device safety, security, and reliability are extremely crucial to survive competition in emerging markets. At present, medical device manufactures are grappling with disruptions to their business as a result of the COVID-19 pandemic, with many experiencing adverse impact to their supply chain and operations. During this time, the need for production to be at full capacity remains as medical device manufacturers try to balance between keeping employees safe while meeting increasing demand from customers at the same time.
At this juncture, there are a wide variety of medical device manufacturing companies entering the market with a set of advanced offerings and novel ideas, intent on making their mark in the market. To help companies navigate through the best-of-breed medical device manufacturing companies, Med Tech Outlook has compiled a list of ‘Top 10 Medical Device Manufacturing Companies in APAC - 2020.’ The enlisted organizations are poised to disrupt the medical device manufacturing market by bringing new innovations and better patient experiences. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Med Tech Outlook’s, “Top 10 Medical Device Manufacturing Companies in APAC- 2020.”