Collaboration – The future of innovation for the medical device industry

The future of the medical device industry

Medical device companies need to review their traditional approaches to innovation and take up new strategies designed to accommodate the rapidly evolving and globalized marketplace.

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Medical device companies need to review traditional approaches to innovation and form new strategies designed to accommodate the rapidly evolving and globalised marketplace. This report reveals that medical device companies need to embrace more inclusive innovation models, collaborate more frequently and with a broader range of partners, and pursue greater integration with suppliers, development partners and healthcare providers. While there are signs that many companies are moving in this direction, those that lag behind stand to miss out on the rewards that the next wave of innovation will bring.

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