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:6/26/2016)... DUBLIN , June 27, 2016 Jazz ... the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act ... proposed acquisition of Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: ... 11:59 p.m. (Eastern Daylight Time). As previously ... entered into a definitive merger agreement under which Jazz ...
(Date:6/24/2016)... 24, 2016  Collagen Matrix, Inc., ("Collagen Matrix") ... manufacturing of collagen and mineral based medical devices ... Bill Messer has joined the company ... leverage the growing portfolio of oral surgery, neurosurgery, ... Bill joins the Collagen Matrix executive team as ...
(Date:6/24/2016)... 2016 Research and Markets ... Electronics 2015-2025: Applications, Technologies, Forecasts" report to ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, Composite ... Structural electronics involves electronic and/or electrical components and ... dumb structures such as vehicle bodies or conformally ...
Breaking Medicine Technology:
(Date:6/26/2016)... Aliso Viejo, California (PRWEB) , ... June 26, 2016 , ... ... for Final Cut Pro X. , "Film editors can give their videos a whole ... artistically," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels ...
(Date:6/26/2016)... ... ... legally blind and certified personal trainer is helping to develop a weight loss fitness plan ... fix the two major problems leading the fitness industry today:, , ... They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... , ... June 25, 2016 , ... ... policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at ... on several important health care topics including advance care planning, healthcare costs and ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due ... up a new, often overlooked aspect of head lice: the parasite’s ability to live away ... a common occurrence, but a necessary one in the event that lice have simply gotten ...
(Date:6/25/2016)... Lewisville, TX (PRWEB) , ... June 25, 2016 , ... ... in the United States, named Dr. Sesan Ogunleye, as the Medical Director of its ... be the facility Medical Director of our new Mesquite location,” said Dr. James M. ...
Breaking Medicine News(10 mins):