Medical Device Manufacturers Rely More On Innovation Brought To Their Door

Due to the budget cutbacks from healthcare reforms, hospital pricing pressures, and reimbursement changes, the money going into the medical device R&D market is beginning to dwindle. As a result, OEMs are now relying more heavily on outside vendors to function as an extension of R&D efforts. Many extruded polymer tubing companies, such as Zeus, are stepping up to this challenge by making multidisciplinary teams of technical experts available in order to deliver innovative ideas and solutions to the doorsteps of medical device manufacturers. Download this article for more on the industry's new outlook on supplier enabled innovation and R&D outsourcing for OEMs.