It’s no surprise why the $400 billion medical device industry is booming. Life expectancy worldwide is increasing year after year, due to advancements in biomedical technology. The increasing elderly population combined with ongoing healthcare improvements in emerging nations ensures that this market will continue to grow.
Despite these increased opportunities, medical device manufacturers have their own unique challenges.
The blazing pace of technology advancements means that a company’s first-to-market advantages can erode rather quickly. And when new product improvements and new product lines are introduced, it takes an average of six months for the U.S. Food & Drug Administration (FDA) to review device submissions and every subsequent modification.
With this pressure to innovate quickly, many forward-thinking medical device companies are re-examining their design and manufacturing process.
In this eBook, you’ll read insights from three successful companies who recently switched to Onshape, a modern, cloud-based CAD system:
Thinklabs (Digital Stethoscope)
HydroWorx (Underwater Treadmills)
Vicarious Surgical (Surgical Robots)
What exactly is a “modern” CAD system and how does it help medical device companies speed up production, boost collaboration and increase innovation?
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