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In a dramatic shift, the MedTech sector has seen over 14,000 job cuts in just 18 months, with diagnostics taking the hardest hit. Dive into this article to understand the industry’s evolving landscape and what it means for the future.? #Medtech #IndustryTrends #MedicalDevices https://lnkd.in/gNU6dBS9

Necessity is the mother of invention and Growth is the godfather of innovation! When inventions mean extending the lifelines of people on the earth and growth means a healthier and happier life for the people of the planet, you cannot let any challenge stop you, period! With the drive to create a better world and contribute to the vision of MedTech companies in creating a connected care ecosystem that is accessible and affordable to all, we bring forward our offering of innovation engineering with AIMDek’s Innovation Labs. AIMDek Innovation Labs is a practice where we bring experts from regulatory, engineering, medical, and marketing backgrounds. These experts along with your product team can solve challenges from any and all phases of a MedTech product lifecycle that pose roadblocks in your growth path. With this, I invite my fellow MedTech visionaries that if there is any roadblock that is stopping you, let’s collaborate and convert your technical roadblock into a business opportunity! #innovation #medtech #healthtech?

If you do any hiring in MedTech, you’re going to want to see this… You can now self-assess your hiring efforts to see what you are/aren’t doing in less than 60 seconds. By answering 10 super easy questions, you receive a personalised report explaining which areas need improving to keep up with your competitors. Decided to build this tool as it enables MedTech manufacturers to quickly analyse what they are doing before having to find half an hour in their diaries to discover. This way, if they do score low then we know a discovery call is worthwhile and I can tailor it around specific weaknesses to provide them with the ultimate value. Head over to my profile to take the quiz. What will you score?

No surprises for guessing where this weeks Industry Insights starts... As well as another push for tomorrow's Inside MedTech, we have loads of incredibly exciting funding stories, major acquisition announcements and some innovation that could make a difference to so many. Links to all articles in the comments. Keep on making a difference! #medtech #insidemedtech #medtechnews #medtechinvestment

How much time could cross-functional engineering save your team in MedTech development? Our latest blog explores how leveraging strategic engineering partnerships optimizes each phase, from design through compliance, reducing delays and helping projects stay on track. With an integrated approach, MedTech teams can meet faster timelines and bring products to market with confidence. Read More: https://lnkd.in/gS26iTCg #medtech #medicaldevice #medicaldevices #productdevelopment #productdesign

In the high-stakes medical device innovation world, a company needs help to keep up with the rapid pace of technological advancements and regulatory changes. They were at a crossroads: continue down the traditional path and risk obsolescence or embrace a bold new approach to innovation. Choosing the latter, they invested in a state-of-the-art R&D lab and fostered a culture of continuous learning among their engineers and scientists. This pivot accelerated their product development and solidified their reputation as industry pioneers. How can your organization turn innovation pressure into a competitive advantage? "Pressure shapes diamonds. Innovation shapes leaders." #MedicalDeviceInnovation #HealthTech #CompetitiveAdvantage Let's redefine innovation in medical technology together. Reach out to explore how. ?? https://www.90d-s2e.com/

Is your company struggling to overcome key roadblocks in the Medtech industry? ? - Does your product development cycle suffer from too many trainwrecks?? - Do your customer-facing teams struggle to deliver exceptional experiences? - Are you challenged to build and scale your organization? - Is your organization comprised of a collection of individuals or high performing teams? - Do you know your organization isn't reaching its full potential? ? It's time to experience the Venturi effect and accelerate through these challenges! ? Introducing Venturi Medtech Consulting, where we leverage extensive experience in Medtech & Med Devices to guide companies toward commercial success. Our unique blend of technical expertise, leadership skills, and strategic management across a broad spectrum of technologies and therapies sets us apart. We specialize in advising Medical Device, Medtech, and Healthcare IT companies, offering fractional and project-based services in Business Strategy, Product Development, Commercialization, and Operations. Venturi Medtech Consulting #MedicalDevice #Medtech #DigitalHealth #HealthcareIT Photo by?Elena Koycheva?on?Unsplash

I think CEOs are naturally atypical (in a good way,) but Adam Elsesser isn't your typical #MedTech CEO. Why ? Well, 1?? first , his career started in real estate, not #medicaldevices. He was a successful real estate attorney when he had dinner with a college friend/physician who couldn't stop talking wanting to create a new medical device. Elsesser essentially told him - stop talking and start a company. ?? His friend did and convinced Elsesser to join him as CEO. They sold the company to Boston Scientific in 2002. Two years later, this pair co-founded Penumbra, Inc., a medical device company now worth over $7 billion. Okay, that was all the FIRST part. Here's the 2?? second - while Penumbra's business is built on #vascular and #neurovascular devices the company carries a broader mission - Transforming Patient Care through Innovative Therapies. Sounds like good marketing, except Elsesser spends more time talking about #innovation and #researchanddevelopment than most MedTech CEOs. I mean he puts a LOT of thought into the type of tech, the make-up of the #engineering teams, and the objective to overreach. Here's the bullet points the company sent over for his interview description. ?? Rethink the structure of in research & development, by allowing teams the freedom to work through ideas unencumbered by stringent project schedules ?? Break free from rigid/established hierarchy to empower contributions from wider teams and employees as it could lead to revolutionary product ideas ?? Value incremental innovation and iteration to optimize your products and expand their impact We'll cover all this and more. We'll also talk about what happens when things don't work - Penumbra had to shutter its VR-business this summer, an area that Elsesser a few years ago had predicted would be huge.

One of my favorite parts of the job is DFM (design for manufacturing) calls with customers that truly see us as partners. Being an engineer at heart, it means a lot when I'm given the opportunity to work with customers on perfecting their designs to be more manufacturable. #VantedgeMedical #Vantedge #MedTech #PrecisionMachining

We’ve reached an important milestone????????? This isn’t just about growing our numbers – it’s about reaching a milestone that ensures we’re fully reliable, available, and capable of managing entire projects, from ideation to manufacturing.?And after partnering with MGS, we even offer seamless integration with tooling and high-volume manufacturing. ? 100 professionals harnessing our mission to be a one-stop-shop within healthcare innovation & manufacturing. 100 minds helping clients to develop with reduced risk and increased speed in developing complex medical devices.? ? Our approach is unique with three key focus areas gathered in one team of (now more than 100) talented engineers crisscrossing areas of expertise - combining User & Stakeholder involvement, Regulatory compliance, and Engineering & Design considerations. ? Team up with 100 nerdy minds for great innovations, great products, and great results???? ? #Teamtechnolution #growingteam #Medtech #pharma??