Orthopedics is a competitive market
with projections of 8-10% global annual growth over the next several
years. As such, best practices have crystallized over the years and
decades. American manufacturers can't afford to ignore opportunities to
reduce new product development time by 30% or more — and improve
product revision rates by upwards of 50+%!
If you snooze, you lose.
As you probably know, good design in total joint replacements depends on
good geometric understanding. Engineering misjudgments of mere microns
can ruin the outcome of a joint replacement - resulting in expensive
recalls, product scrapping, and lost time in product development.
In product manufacturing process development, a trial-and-error approach
to form and function can result in dozens of redundant and ineffective
iterations where one or two well-founded iterations might have been
sufficient. This is all to common in some major American orthopedic
Foreign competitors throughout precision manufacturing - especially but
not exclusively what we increasingly refer to as “Brand China” - have
proved themselves receptive to new ways of improving part quality, while
still decreasing cost, weight and time to market. As we've seen in
other industries, if foreign manufacturers gain the lead over their
American counterparts, they won't give it back.
And domestically, as Don Urbanowicz explained in his keynote address
at the OMTEC 2011 trade expo, forthcoming changes in FDA regulatory
policy will increase the “First Mover Advantage” still further.
Discover your custom-configured inspection options by watching the
Given the double-edged situation in which the medical implant industry
finds itself in 2011 - facing an opportunity in exploding overseas
markets but also a potential threat in overseas competition - there has
never been a more critical time to examine cherished misconceptions
about what we can expect of product development speed. First movers
will dominate share in their product category - perhaps permanently.
Let's work together that they may continue to be fellow Americans.
Learn more today.
Call 561.775.7911 today to schedule a discussion about application
parameters and configuration criteria with an L3I engineer.