Navigation Links
Frost & Sullivan: Strategic Partnerships Crucial to Medical Device Success
Date:10/18/2010

MOUNTAIN VIEW, Calif., Oct. 18 /PRNewswire/ -- Innovation is the key to success for medical device companies in today's economy. However, not only must companies produce superior products, but they must also effectively manage each product's entire lifecycle to achieve success. This includes everything from R&D and regulatory through manufacturing and distribution. Strategic partners specializing in lifecycle management can provide the skills and resources that medical device companies need to keep up with the demand for efficiency and innovation.

(Logo:  http://photos.prnewswire.com/prnh/20081117/FSLOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

Frost & Sullivan recently published a whitepaper, Strategic Product Lifecycle Management Partnerships as the New Means of Competitive Advantage for Medical Technology Companies, that describes the benefits of using outside partners to successfully manage the lifecycle of medical technologies. This whitepaper also provides advice for successfully managing these partnerships to ensure the process is effective.

"Medical device companies have traditionally viewed innovation in terms of product design and clinical research," states Frost & Sullivan's Director of Healthcare Consulting, Charlie Whelan. "However, companies in the industry are increasingly looking at innovation in terms of new business models that are more reliant on strategic supply chain partnerships in order to lower costs, gain access to skills and resources, and allow them to enter new markets faster."

A strategic product lifecycle partner can help companies maintain their focus on the capabilities that deliver competitive advantage, while outsourcing functions that are less critical to the value of the company. By outsourcing manufacturing and sustaining engineering functions, a company can focus on innovation and new product development. Partnerships can be used as virtual extensions of R&D to help maintain strategic focus, operating flexibility and cost effectiveness across the portfolio.  Partnerships can also enable the OEM to tap into skills they don't possess inside the four walls of their organization.

In a global search for a strategic product lifecycle management partner who has delivered high value to its clients, Frost & Sullivan identified Celestica, a global leader in the delivery of end-to-end product lifecycle solutions. Building upon the company's extensive experience in servicing highly regulated industries with complex technology solutions, Celestica has made strategic investments to further tailor its offerings to healthcare customers.

If you are interested in receiving a copy of Strategic Product Lifecycle Management Partnerships as the New Means of Competitive Advantage for Medical Technology Companies, please send an e-mail to Johanna Haynes, Corporate Communications, at johanna.haynes@frost.com with the following information:  your full name, company name, title, company telephone number, company e-mail address, city, state, and country.

About Frost & SullivanFrost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.Contact:Johanna HaynesCorporate Communications – North AmericaP: 210.247.3870F: 210.348.1003E: johanna.haynes@frost.comhttp://www.frost.com
'/>"/>

SOURCE Frost & Sullivan
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Frost & Sullivan Global Product Line Strategy of the Year Award Presented to Xenemetrix
2. Frost & Sullivan Acknowledges Accelrys for Scientific Informatics Solution
3. Low Installation Rates in Retail Pharmacies Across Europe Increase the Growth Potential of the Pharmacy Automation Systems Market, Finds Frost & Sullivan
4. Frost & Sullivan Applauds the Lodox Statscan Critical Imaging System for Outperforming All Competing Products
5. U.S. Ambulatory Electronic Health Record Market Presents Significant Opportunities and Risks for Vendors, Finds Frost & Sullivan
6. Increasing Potential for RIS-driven PACS Modules in Europe, Finds Frost & Sullivan
7. Frost & Sullivan Recognizes QRxPharma for Innovative Pain Relief Product MoxDuo
8. Rising Burden of Diseases Drives the Pharmaceutical Industry in East Africa, Says Frost & Sullivan
9. Frost & Sullivan: Innovative Products and Technologies Strengthen U.S. Spinal Surgery Market
10. Frost & Sullivan Recognizes Timoptic(R) (timolol maleate) as Best Brand Name Beta Blocker for Glaucoma: Timoptic Brand is Highest Rated in Survey of Ophthalmologists
11. Frost & Sullivan Recognizes Holst Centre and imec for Its Path Breaking Wearable Energy Harvester Technology
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... Research and Markets has announced the addition of ... report to their offering. ... The World Market for Companion Diagnostics covers the world market ... the report includes the following: , World ... Region (N. America, EU, ROW), 2015-2020 , World IVD ...
(Date:6/24/2016)... , June 24, 2016 ... appointment of Dr. Edward Futcher to ... Director, effective June 23, 2016.Dr. Futcher was also ... and Governance Committees.  As a non-executive member of ... expertise and strategic counsel to VolitionRx in connection ...
(Date:6/23/2016)... , June 23, 2016 Research and ... Global Market - Forecast to 2022" report to their ... treatment method for the patients with kidney failure, it replaces ... fluid from the patient,s blood and thus the treatment helps ... and chloride in balance. Increasing number of ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson ... Recently, he has implemented orthobiologic procedures as a method for treating his patients. ... the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced ... feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as a ... has released tools for healthy coping following a traumatic event. , Trauma sufferers tend ...
(Date:6/24/2016)... MIAMI, Fla. (PRWEB) , ... June 24, 2016 , ... ... Florida Trend magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this ... of Florida. , Seven Greenberg Traurig Shareholders received special honors as members of this ...
(Date:6/24/2016)... TX (PRWEB) , ... June 24, 2016 , ... People ... part in Genome magazine’s Code Talker Award, an essay contest in which patients and ... an award to be presented at the 2016 National Society of Genetic Counselors (NSGC) ...
(Date:6/24/2016)... ... June 24, 2016 , ... Strategic Capital ... area economy by obtaining investment capital for emerging technology companies. SCP has ... have already resulted in more than a million dollars of capital investment for ...
Breaking Medicine News(10 mins):