How is AI Changing the Medtech Industry?

Over the past few years, a major trend in the healthcare industry has been the shift towards increasingly personalized care. This new approach has enabled breakthroughs like anticipating how a patient may respond to treatment, in lieu of a one-size-fits-all method. However, this shift has also strained and disrupted existing supply chains, manufacturing processes, and regulatory protocols.?

To ease this transition and expand the capabilities of personalized medicine, the Food and Drug Administration has called for the expansion of AI in medical technology. The agency’s Focus Areas of Regulatory Science (FARS) Report, released in September, discussed how investing in new technologies like AI, machine learning, and advanced data analytics in medical device manufacturing can help ensure product quality and expedite the rate of innovation.

Use Cases For Artificial Intelligence in The Medtech Industry?

In addition to the benefits for consumers, according to the FDA, integrating new innovations will also simultaneously benefit manufacturers and regulators.?

For manufacturers, the agency plans to provide tools to update production and quality control technologies, enabling a broad range of improvements, including a decrease in medical device shortages.?

AI could help manufacturers expedite device design and production, and improve the regulatory process by automating data collection and increasing visibility.?

Moreover, from a regulatory perspective, the FDA cites several benefits to the increasing integration of Industry 4.0 technologies in the medical field. These innovations could simplify the process of getting medical devices approved and on the market, as well as ensuring consumer safety once the products are in use.?

Advanced data analytics can be gathered and communicated in real-time and can provide a fuller picture of product safety and performance. This would also better allow for post market surveillance and quality control.?

As the FDA and other major players embrace new technologies like AI in the coming years, production and regulation processes will be streamlined, leading to better outcomes for manufacturers, regulators, and consumers alike.

To learn more about how Supplyframe leverages AI technology like predictive analytics or machine learning, discover our solutions for the medical devices industry today!