Q: Considering the financial pressures faced by OEMs, what will be the impact to R&D and innovation in the medical device industry?
As OEM’s streamline to meet financial pressures, top level designs will be emphasized but second and third level particulars will adhere more closely to a suppliers understanding of their present capability. The particulars are under a fine balancing act and vision outside will require a thorough knowledge, down to the step-by-step production process to lean out waste. Research, development, and innovation will require a stronger understanding and communication of specific device end use. The balance of device requirements will need to be transmitted properly and with appropriate emphasis down to the supplier so that appropriate cost can be applied.