OFweek Medical Network January 20th: In the medical world, 3D printing seems to be a popular phenomenon, schools, laboratories, startups have favored this technology. However, from a rational point of view, there are still many questions to be resolved in the application of 3D printing in the medical field. Is 3D printing already popular in the medical world? In what stage is this technology now developed?
Michael Patton, CEO of Medical Innovation, a US medical technology company, answered these questions for us. He summarized some basic facts and trends in the medical device industry.
New products, new products are needed
In the United States, there are more than 6,500 medical device companies, of which more than 80% are small companies with no more than 50 employees. These companies are streamlined and frugal, and they are high-risk capital-intensive hardware developers.
But what they are doing is far from being replaced by other hardware and software vendors. Medical devices are not tracking how far your car has run, not giving you information about TV shows. They are doing things that change humans. For example, the production of liquids that allow wounds to heal faster, intelligent catheters that significantly reduce infection in sepsis patients, and even the magical equipment for painless treatment of acne...
Despite these new trends, any industry faces challenges. EmergoGroup, a medical device consultancy, has published an annual report summarizing three major issues in the medical device industry: regulatory issues, funding sources, and product updates.
Among them, product update is the biggest problem. Compared with other industries, the equipment innovation rate in the medical industry is too slow, and there are too many devices that are needed to meet the pain points. However, this is also related to the high requirements of this industry. Compared with smart wearable devices, the production requirements of medical devices are too high. Therefore, the topic has to be pulled back to 3D printing, because it allows equipment manufacturers to manufacture engineering machines quickly and accurately.
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