STERLING INDUSTRIES
Scaling Your Medical Device Production
BY DAVID VAN SLINGERLAND, CEO, STERLING INDUSTRIES
Benefits of Partnering with a Contract Manufacturer Whether you work for a large Medical Device OEM or a fast-growing device startup, scaling production marks a new phase in your product’s journey. You’ve already identified the opportunity, designed the solution, validated demand, iterated prototypes… perhaps you’ve received FDA approvals and sold some units into the market. Now it’s time to grow a profitable business by delivering a quality medical device, over-and-over again, without compromise. Historically, many device makers assumed they needed to become a high-volume manufacturer, building out a facility and production line, hiring the expertise required, securing inputs and managing the supply chain, handling packaging and logistics. Even for a large OEM with established products, building a new production line is a daunting and capital-intensive task. For fast-growing medical device ‘scale-ups’, it can be paralyzing. It’s no wonder that partnering with an experienced Medical Device Contract Manufacturer is becoming an increasingly popular path to success.
Do What You’re Best At
What is at the heart of your business’ success? For most growing medtech companies, it’s product innovation, marketing and sales… not managing a complex, compliant manufacturing operation. Growing the business is your organization’s primary focus; for an experienced Medical Device Contract Manufacturer, it’s efficiently managing the thousands of details and disciplines required to consistently produce medical devices that meet stringent industry regulations.
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MICHBIO | michbio.org
It Starts With People A successful, modern manufacturing operation requires a highly-skilled, experienced team of professionals: Design for Manufacturing Experts to ensure optimal scaling and efficiency; Manufacturing and Assembly Engineers to design innovative solutions, as well as procure and configure the right technologies; Supply Chain Specialists to secure consistent inputs; Quality Experts to monitor and optimize repeatability and reliability; …and that’s all before hiring and managing the skilled machinists and assembly line workers
In today’s competitive labor markets, one of the biggest advantages of working with an established, Medical Device Contract Manufacturer: they tend to attract and retain the industry’s top talent, by offering them a steady supply of cutting-edge, innovative medical device projects to work on.
Design for Manufacturing
As the demand for your medical device grows, so does the chance to boost profits while simultaneously enhancing quality, reliability, and repeatability, if you are able to avoid costly supply chain issues. Top-tier Medical Device Contract Manufacturers with Design for Manufacturing (DFM) and supply chain expertise can have a massive impact on the product’s business case.