In the News: The Rise of Contract Development in Medtech
Sep 02, 2015
By Hope Hopkins
Originally published on Qmed
The traditional product development paradigm is being upended in the medtech sector as the benchmarks for usability increase and a growing number of medical devices incorporate consumer-technology–inspired features. The traditional lines between what constitutes a medical device and a consumer device are blurring, leading many established medtech firms to enlist the help of not just contract manufacturers, but contract product developers.
Such contract product development firms are beefing up their own roster of services as well as their footprint. Take Providence, RI–basedXimedica’s recent acquisition of Bridge Design (San Francisco) as a case in point. Bridge Design was based in a West Coast medical technology hub known for good design. And as San Francisco edges out Silicon Valley as being the hippest place for tech firms to be, the city is becoming known internationally for attracting some of the best tech talent anywhere. This has given Bridge an advantage when it comes to the arena of mHealth and connected devices.
Read the full story.