Cost reduction in medical devices throughout the life cycle

An extract article from Impacts volume 5

With drug delivery devices, in particular, drug costs can outweigh device costs by as much as 1000:1, and so attention naturally focuses on optimising drug delivery rather than device cost.

Today, however, healthcare companies urgently need to achieve cost reductions in all areas if they are to provide the levels of returns that investors expect.

This is true even in the medical device market, where increased competition is intensifying the pressure to reduce costs.

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