The second decade of the 21st century is proving to be a challenging one for medical device manufacturers. Increasing regulations and competition are combining to create a perfect storm of pressure on device manufacturers to fundamentally change their business operations.
Forced to balance the constant price pressure and need for increased operational efficiency with the ever-increasing demands for quality, smaller medical device manufacturers find themselves struggling to compete against the corporate mastodons of their sector.
Yet many manufacturers are waking up to the competitive secret weapon that is modern label management. With a relatively small investment, these manufacturers have experienced significant quality improvement and efficiency gains that enable them to meet the challenges of today's medical device industry.
Medical device manufacturers are under constant pressure to reduce costs, improve quality and comply with ever-increasing regulations.
In addition to highlighting regulatory compliance, industry analysts identify accelerated product development, improved quality and lower costs as critical focus areas for MDMs operating in today's challenging marketplace.
Yes, the pressure is on to not only keep up, but to rethink existing methods and innovate processes. Medical device manufacturers need to improve quality, "while spending less and tracking more". Modern label management can help. By rethinking the way their organisations handle labelling, and taking advantage of the latest technology within label management, can comply with industry regulations, cut costs, improve quality and create more efficient operations. This is the recipe for succeeding in today's medical device industry.
NiceLabel offers a next-generation label management system that enables UDI-compliant labelling and empowers medical device manufacturers (MDMs) to digitally transform their business. By undergoing this transformation, MDMs are able to increase agility while reducing operational costs.
Medical records which include a printed bar code label are a more reliable way of ensuring that each patient's record is uniquely identified and tracked.
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