MD+DI, the Global MedTech Authority, Publishes One-of-a-Kind Study with ITG
Market Research on the Medical Device Outsourcing Landscape
New study delivers key insights, trends and data including a close look at how
OEMs view outsourcing and vendor relations in the medical device industry
SANTA MONICA, Calif., Feb. 27, 2013
SANTA MONICA, Calif., Feb. 27, 2013 /PRNewswire/ -- Medical Device and
Diagnostic Industry (MD+DI) and strategic alliance partner ITG Market
Research, a division of ITG, recently published a landmark study on The
Medical Device Outsourcing Landscape: Current & Future Trends, 2013-2018. The
study represents the most popular trends, issues, and concerns shared by
medical OEM professionals. Completed on December 30, 2012, The Medical Device
Outsourcing Landscape Study surveyed 853 respondents from MD+DI magazine's
database of medical device professionals about their general outsourcing
habits, how those habits may change in the coming years, and the
most-important issues and requirements related to contract manufacturing.
"Medical device professionals are faced with an increasingly complex
environment, so it was important to pinpoint the most concerning issues that
they expect to face during the next five years. For example, we found that
approximately 52% of respondents cited regulatory pressures as a factor with
which they are greatly concerned," stated Heather Thompson, Editor-in-Chief of
MD+DI. "The study also provided in-depth data on the current and future
sourcing habits of our core audience."
The survey results reported that in the face of impending adversity, cutting
costs and expediting time to market remain paramount for medical device
manufacturers. And the majority of OEMs view contract manufacturing as a means
of achieving these two objectives. In fact, 62% of respondents concurred that
contract services can save cost and time in certain situations, while 29% find
them downright essential to reducing costs and time to market.
The survey results also suggest that good vendor relationships are critical to
a successful project. Luckily, 65% of medical device manufacturers feel that
contract partners meet expectations most of the time. However, digging deeper
into these data, the most important aspects of a partnership were also the
"As one of the first studies of its kind, The Medical Device Outsourcing
Landscape provides a comprehensive view of the medtech industry and the
critical role that outsourcing plays," said Jennifer Sturtz Goldstein, Vice
President of Research Operations at ITG Market Research. "The key findings in
this report provide actionable insights for medical suppliers on how to
refocus their resources and create strategies that improve and build their
customer service and partner relationships."
For a deeper and more comprehensive look into this insightful study, please
click here or contact Becky Roll, Western Regional Sales Manager, UBM Canon
MedTech Group, at 310/445-3704 or email@example.com.
For more than 30 years, Medical Device and Diagnostic Industry (MD+DI) has
served the industry as the leading source of in-depth news, information and
business intelligence. MD+DI's content team offers authoritative perspectives
and provides valuable reference on the full range of device industry issues.
In addition to peer-reviewed articles by leading experts on specific
technology issues, broader features offer overviews of key business, industry,
and regulatory topics.
About UBM Canon
UBM Canon LLC, the leading B2B media company dedicated exclusively to the
global $3.0 trillion advanced manufacturing sector, helps support the flow of
information, commerce and innovation in such sophisticated segments as medical
devices and pharmaceutical development. UBM Canon also addresses cutting-edge
developments in broader areas of advanced engineering design and
manufacturing, and manufacturing processes and packaging. UBM Canon is part of
UBM plc (UBM.L) a global provider of media and information services for
professional B2B communities and markets.
About ITG MARKET RESEARCH
ITG Market Research specializes in conducting primary research of healthcare
professionals for leading pharmaceutical and medical technology companies. ITG
is distinguished by highly responsive execution, supported by an in-house,
multi-lingual team of project managers, programmers, moderators, and panel
recruitment specialists leveraging its proprietary respondent database of
hundreds of thousands of physicians, hospital administrators and other
professionals across a wide range of disciplines. ITG employs a host of market
research methodologies to cover the entire product lifecycle from concept
through launch and beyond.
SOURCE UBM Canon
Contact: Elizabeth Reynolds, UBM Canon, Elizabeth.firstname.lastname@example.org,
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