With the Industry 4.0 revolution re-defining how “things” are manufactured, companies are revamping their business models to achieve faster innovation and increased efficiency across the value chain. These new trends are shaping all major sectors, including the medical device manufacturing realm. Embracing the world of IoT, medical device manufacturers today heavily utilise highly sophisticated chipsets and sensors that have faster processing capabilities. These chipsets are mobile and connected like never before and open doors for innovative solutions such as patient-specific devices, ‘Lab on a Chip’ electronic diagnostic testing, and others. The IoT modelled Value Chain Organisation is merging the real and virtual world, and bringing together physical objects with embedded electronics, software, sensors, and network connectivity. This implies that these devices are able to collect and exchange real-time data with each other. Broadly known as the Industrial Internet of Things (or IIoT) in the manufacturing world, IoT integrated with machine learning, machine-to-machine communication and integration of existing automation technologies are increasing productivity, identifying inefficiency, improving quality consistency, and reducing waste and scrap materials.
Also, in order to build agile supply chains, manufacturers are cultivating a robust ecosystem that helps them to gain a digital momentum. For instance, manufacturers in the smart factory initiatives are currently partnering across their ecosystems with suppliers and channels, to drive higher productivity and output. All this helps the manufacturers to add to the value-based care that patients usually demand in current times.
In order to assist healthcare professional and organisations in shoring up their capabilities, we have compiled this issue of MedTech Outlook. In this edition, we have listed Top 5 Materials Manufacturing Companies in the UK-2020 to highlight the companies that can help you escalate your chances of success. Equipped with innovative technological capabilities, these enlisted materials manufacturing consulting companies are transforming the manufacturing landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the manufacturing sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of MedTech Outlook helps you build the partnership you and your organisation need to foster an environment driven by robust and efficient technology.
We present to you MedTech Outlook’s “Top 5 Materials Manufacturing Companies in the UK - 2020.”