Whether professional or personal, all relationships take work and should be nurtured throughout the year, although many people would say the holidays especially are a time to honor, celebrate and nurture the important relationships in your life.
Far beyond this holiday season, the trend of building lasting partnerships between contract manufacturers and medical device OEMs will continue to grow. OEMs are increasingly turning to outsourcing partners for value-added capabilities that can help them meet business goals and even gain a competitive advantage.
“A trend in the medical device outsourcing market is the increasingly collaborative and long-term relationship between brand owners and contract manufacturers,” wrote Millennium Research Group (MRG) analysts in a recent report. “Building an established partnership encourages accountability and helps the contract manufacturers become more invested in the design process. Brand owners are thus working with contract manufacturers to optimize and streamline manufacturing processes.”
Evolving regulations and mounting pressures and complexities within the medical device industry do create challenges, but also encourage innovation. Strategic partnerships allow OEMs to get to market quickly and more cost-effectively, enable product differentiation and entry into new markets, and ensure strict quality standards are met.
At Genesis Plastics Welding, clients come to us seeking RF welding and heat sealing solutions that can take them through the manufacturing continuum to production and delivery quickly and efficiently. Building long-term strategic partnerships may have recently become the trend, but collaboration and consultation throughout all stages of the process — from material selection to prototyping to final product — has been the key to success for both Genesis and our clients for years.
| Success in relationships – at home and in business – is achieved through trust, open communication, an understanding of both parties’ wants and needs, and ultimately, having similar goals. |
While our RF welding expertise and ISO 13485 certification are often the initial draw for medical device OEMs, it is our collaborative nature that brings long-term value and success for clients.
One such partnership began several years ago when a medical device company specializing in disposable surgical instrument covers chose Genesis based on our proven ability to serve as a complete partner. For many years, the innovative partnership has led, not only to growth and success for the client, but also the installation of Genesis’ Class 7 Medical Clean Rooms.
The holidays are a perfect time for our Genesis team to reflect on how grateful we are for the trusting relationships we have built with clients and how proud we are to be part of an industry ripe with opportunities for innovation. The trend toward strategic outsourced partnerships allows OEMs overcome challenges and helps push the medical device industry forward.
Read more about how Genesis was able to offer expert advice that allowed a medical device OEM to cut costs, ramp up production and improve efficiency in our latest case study.