Western companies in many industries are reaping the benefits of moving some of their manufacturing activity to Asia, or subcontracting to companies there. In this way they can not only take advantage of reduced costs but also position themselves to serve local emerging markets better. Some companies, too, have started to move research and development activities to the Far East.
Read the full article on Asian medical device vendors
By comparison, medical device companies are under represented in Asia. They typically have several, often valid, concerns about transferring manufacturing there.
These particularly focus on:
-
Meeting standards, regulatory compliance and quality
-
Leveraging the economics factors in terms of picking the right location for manufacturing operations
-
Understanding cultural differences when communicating with business counterparts
-
Choosing the right expertise for different products and processes from across the region
-
Maintaining quality control and design authority
PA Consulting Group has recent and extensive experience of both medical devices and Asian manufacturing practice, and has used component suppliers located in Asia for medical devices.
We also have a network of contacts with individual Asian suppliers that are suitable for medical device development and manufacturing.
To discuss strategies for successful medical device manufacturing in Asia, please contact us now.