Thinking of Outsourcing your Medical Device Manufacturing?
Outsourcing the development and manufacturing processes of your medical device can, for some businesses, seem like an obvious decision, especially for innovative start-ups that don’t yet have the infrastructure to support such a multi-faceted end-to-end process.
Yet, the decision may not be so obvious for larger organisations or those deciding whether or not to partner with a contract medical device manufacturer that offers a complete range of services or outsource just a few steps in the process. It is a decision that can have a significant impact on all aspects of your business – including the quality of your supply chain and component parts, the overall efficiency of the manufacturing and distribution processes, as well as the quality of the final products all potentially affecting the overall performance and, more importantly, the profitability of your company.
Selecting the right partner should result in seemingly having an extension to your in house facilities rather than having complicated dealings with yet another supplier but what are the real benefits to outsourcing to a contract manufacturer?
The key benefits to a medical device company are listed below, but why not head over to our Resource Centre to download our white paper discussing each of these points in more detail:
- Supply Chain Consolidation
- Lower Costs
- Regulatory Know-How
- Resource Pooling
- Greater Capacity for NPD & Innovation
- Improved Timelines
In summary and with digital platforms making the global marketplace ever smaller and increasingly competitive, partnering with an experienced contract manufacturing organisation offering the full complement of services required to get your medical device from design concept all the way through to production can provide you with better all-round service delivery, seamless processes and a high quality, regulatory compliant product in a timely and cost effective manner, giving you the market advantage you desire.
Mi3 are the experts in designing, developing and manufacturing end-to-end advanced medical and surgical solutions – providing specialist knowledge in injection moulding, device assembly & packaging, thermoplastic engineering, tubing systems, and regulatory compliance. We take your product ideas from consultation to concept to production, and work alongside you to bring medical innovations to life.