1. Market Research

Innovations and Evolving Customer Needs in the Medical Device Supply Chain

  • June 2015
  • 74 pages
  • Frost & Sullivan
Report ID: 3025932

Summary

Table of Contents

Driving Optimization in the Future Marketplace

The medical device supply chain is a complex and regulated system requiring increased internal and external attention. Improving efficacy and efficiency are important as manufacturing, distribution, and transportation become increasingly globalized. Market consolidation, advanced technologies, and customized cost-saving strategies will continue as healthcare systems look to adapt to the supply chain’s variability. This service provides insight into important trends such as challenges and possible solutions in the value chain. This service defines key market characteristics, including macro drivers and restraints, the needs of major customer segments, select case examples, and potential key dynamics that impact the healthcare industry.

Key Findings
- The medical device supply chain is a highly complex and regulated system that requires increased attention, both internally and externally.
- Continued trends include provider and supplier consolidation, movement to ambulatory care settings, decreasing reimbursement rates, and a surge in Big Data and analytics.
- The biggest opportunities in Big Data are increasing meaningful use, paving the way for health information technology (IT) integrated platforms, and increasing predicative analytics.
- A focus on external factors and increasing efficiency has continued.
o Radio-frequency identification (RFID) tracking is used to monitor product integrity and shipping status.
o Partnering with third-party logistics (3PL) providers, creating central distribution centers, collaborating on innovative solutions, and solving problems quickly are all valuable supply chain qualities.
- Intra-logistics are key to improving healthcare systems.
o Self distribution has found success with select healthcare systems that create warehouse centers to leverage ancillary services.
o RFID tracking for devices and cabinets helps monitor surgical supplies and inventory.
o Robotics can distribute pharmaceutical and laboratory specimens as well as food and environmental services.
o Collaborative technology systems encourage intradepartmental communication.

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