Which is the better strategy: outsourcing medical device manufacturing or carrying out production in house? The answer depends on your circumstances. The outsourcing of assembly and production has fast become a critical part of the medical device manufacturing industry, but it is not necessarily the right strategy for every company.
Why in-house medical device production can be the better strategy
The in-house design, development and production of medical devices can be the better strategy for a number of reasons. For example, if you are a medical device company that is planning to produce millions products a year, establishing in-house manufacturing facilities that allow you to achieve optimal product management and operational and cost efficiencies would likely be the best strategy. In this context, there are a number of benefits, including quick and more straightforward communication between management, development and manufacturing departments. There are no time zones to manage or language barriers to overcome, which markedly reduces the likelihood of disruption linked to communication breakdowns. In addition, by carrying out manufacturing in-house, fewer parties are granted access to your supply chain, which reduces risks relating to the safety of your intellectual and physical property. Both literally stay under your roof.
Why outsourcing medical device manufacturing can be better
However, if your operations and planned product volumes are not to that scale, outsourcing medical device production to a contract manufacturer could be the right strategy for your business. If you decide to outsource the manufacturing of your medical devices, there are a range of benefits. For example, outsourcing production delivers a ready-made specialist workforce and a fully equipped factory floor, and the provision of storage space and product stock-keeping is taken care of. This means no large-scale initial outlay on your part. You can benefit from optimal lead times and you will be well positioned to adapt to changes in market demand. Also, carrying out remedial work will be quick and efficient. In addition, because you don’t need to be in the factory overseeing operations, you can dedicate resources to other areas of your company.
Choosing the right strategy and the right outsourcing partner
No two medical device companies are the same and the right manufacturing strategy will depend on individual circumstances. It is important to take time to assess if in-house production or outsourcing is a better option for you. If you choose to outsource the manufacture of your medical device, it is essential to select the right partner. Outsourcing requirements vary considerably – from services relating to specific parts of the production process to an end-to-end contract manufacturing service. The right partner should be a specialist medical device manufacturer that is dedicated to outsourcing. With no products of their own, they won’t prioritise their devices over yours and can seamlessly join your operational approach and requirements with their medical device outsourcing services. In the right circumstances, the contract manufacturing of your medical devices can be a highly successful strategy that helps to make sure that your product performance goals are met and that your company is well positioned to grow. Meridian Medical is an established and experienced contract medical equipment manufacturer specialising in a wide range of medical device design, development and supply services. To find out more about how Meridian Medical can help you with your medical product development and manufacture, get in touch today by filling out our online form or contacting us on 01903 732344 or firstname.lastname@example.org.