Preventing IP Theft In Medtech Manufacturing

By Alex Anderson

It is crucial to protect intellectual property (IP) in the constantly evolving world of medtech manufacturing. The protection of IP is not only important for revenue but also for the well-being of patients and collaborative efforts. Imagine spending years developing an innovative medical device with the potential to save lives, only to have it stolen or compromised. This not only harms your profits, but it also hinders the potential to make the world a better place. In the United States, IP theft costs companies billions of dollars every year, emphasizing the need for strict safeguards. To address the critical issue of IP theft, it is essential to ask the right questions. By comprehending the complexities of the supply chain and diligently evaluating potential partners, engineers and sourcing managers can effectively minimize risks.

This article provides valuable insights, presenting a set of vital questions to ask manufacturing partners, such as understanding the location where tools are built, the extent of outsourcing, the location of support staff, and the measures in place to protect company infrastructure.