Ximedica's Chief Innovation Officer and Co-Founder Aidan Petrie Featured in MPO News
May 16, 2016
Medical Product Outsourcing (MPO)‘s article published on May 6th focused on Developing Challenges in medical device design. The article stated that “Medical devices continue to become smaller and more complex. End users—both medical professionals and patients—expect medical products to reflect the same quality and technology in the other products they use. This means well-thought-out user interface designs, top materials and finishes, and positive experiences using the product…as medical device designs become smaller and more complex, OEMs increasingly rely on contract manufacturers and technology consultants to enhance their designs, sometimes even taking nonviable designs and turning them into successful products. Outsourcing to third-party design firms is a standard practice for larger medical device and pharmaceutical companies. This approach brings more knowledge to the table and ensures OEMs are getting the latest technologies designed into their products. For some companies, outsourcing is also a cost-control measure in response to the 2.3 percent tax that had been levied on medical device sales for several years until the two-year suspension that passed in late 2015. “Increasingly, the capabilities required to develop high-value health ecosystems are embedded in only a few OEMs, meaning most of them must utilize collaborative teams and partnerships,” said Aidan Petrie, chief innovation officer and co-founder of Ximedica, a Minneapolis, Minn.-based developer of medical technologies.”
For the full article, visit the MPO website here.