The challenges that are faced by the industry can be overcomed by following a path of the convergence of mechanical, electronic and software technologies.

BANGALORE, INDIA, November 6, 2015 /EINPresswire.com/ -- The convergence of mechanical, electronic and software technologies as an essential path forward for the medical device industry given that experts are of the opinion that the industry faces challenges from shrinking patent pipelines and greater competition to growing regulatory pressures and the persistent problem of diversion and gray marketing.

However, experts are also of the opinion that the automation technologies can address both the challenges and the opportunities in this medical devices market.

The foundation for the automation of the medical device industry is believed to have been laid by the new FDA requirement for unique device identification (UDI) for every device manufactured as the industry enters the information age.

According to market analysts, the supply chain efficiency and fault identification are some of the functions that are served by tracking and tracing requirements even as the primary use remains for tracking counterfeiting.

There are significant business benefits for doctors, hospitals and distributors, as well as manufacturers that are enabled by the full traceability for devices and drugs. One of the examples is that health care practitioners can tailor the treatments to individuals or population groups as they would be able to determine if they’re seeing better outcomes in one region than in another. The supply chain will also be able to track faulty devices, back to the individual patient.

Experts compare the new trend to the information systems used by automakers where manufacturers are able to know exactly who’s bought the vehicle and where the consumer has it serviced when they need to issue a recall.

Experts stress the need for similar information and tracking system for the medical device industry.
The UDI and other regulatory requirements, while being a cost of doing business, also has huge future potential in the form of access to devices and consumer data which can be sued for business extensively.

The optimization of production processes, reduced over-manufacturing by making an inventory to order and the resultant faster turnover rates and less discounting at the wholesale or retail level would be enabled in case the manufacturers are able to gain visibility into their products and customers.

Manufacturers would also be able to provide services in addition to the devices themselves by the use of UDI. Analysts predict that this can be achieved by the device manufacturers creating a searchable database like the one the FDA plans to build for consumers, practitioners and the supply chain sometime after 2018.

For more market research reports on Medical Device Industry visit
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