Medical Devices EIIR (Engineering, IoT, Industry 4.0 and R&D) Trends Q-2 2019

How are medical device enterprises leveraging R&D service providers? (Deals/Contracts/ Partnerships)

• 1

  Persistent has signed engineering partnership for building next generation liquid chromatography data systems for a global diagnostics and life science research corporation

• 2

  Persistent is helping in delivering platform-led value-based care solution for a health benefits management services company in the US

• 3

  North American healthcare provider who has hired Wipro to enable the design, development and launch of their new healthcare marketplace. We are their partner for a new brand, platform and service, bringing agility and new ways of working to them

• 4

  LTTS secured a deal with a global pharmaceutical company for developing a mobile platform for Diabetic therapy. This will facilitate better collaboration between patients and doctors though efficient data collection and sharing.

• 5

  LTTS is awarded a contract from a leading healthcare company for front-end software development to support its digital transformation in health management. LTTS is also supporting the customer’s quality & regulatory business transformation activities in the patient care domain.

• 6

  LTTS won a program from a top MedTech customer to implement state of the art manufacturing process compliance. The scope of work involves gap assessment and remediation activities in manufacturing, quality, regulatory and product packaging areas.

• 7

  Altran selected by Sanofi as a strategic partner for digital manufacturing transformation.

How are medical device enterprises organizing their R&D? (GICs/ R&D Best Practices/Solutions)

• 1

  GE Healthcare and Rockwell Automation Collaborate to Drive the Next Generation of Bioprocessing Automation. Collaboration will help drug manufacturers improve efficiencies, get to market faster and deliver personalized medicines with innovative solutions.

• 2

  Royal Philips will be opening a new research space in Rochester, Minn., enabling the Mayo Clinic and Philips to further secure collaboration and innovative research. Royal Philips and Mayo Clinic are joining forces to advance research in medical imaging technology aimed at improving imaging effectiveness and the experience for patient

How are medical device engineering service providers developing their solutions and capabilities?

• 1

  Cognizant doubles down on Industry 4 0 services in life sciences manufacturing with the acquisition of Zenith Technologies. Cognizant gains 800 employees across US, Ireland, Germany, Singapore and India.

• 2

  TCS has partnered with SAP to launch an Intelligent Field Inventory Management (iFIM) solution, powered by SAP® Leonardo, which leverages IoT and blockchain to help medical device manufacturers streamline surgical kit handling.

• 3

  Dassault Systèmes acquires Medidata Solutions for $5.8 billion and strengthens its position in life sciences and clinical trials. So integration of life sciences R&D with larger ER&D is finally happening =)

• 4

  Etteplan strengthens its foothold in Medical Technology in Sweden by acquiring Devex Mekatronik, (EUR 9.2 million Revenue an 120 experts).

Medical device industry news

• 1

  Indian Govt makes it mandatory for all medical devices (imported and local) to get CDSCO certification. A growth driver for engineering service providers?

• 2

  3M set to acquire medical device maker Acelity (Revenue $1.5 billion) for $6.7 billion and consolidate its position in wound dressing market.

• 3

  A voice recognition app co-developed at Curtin University and the University of Queensland can identify children respiratory disorders such as pneumonia, asthma, bronchiolitis as good or even better than pediatricians. It can be helpful in quick diagnosis.

• 4

  Hospital 4.0. Applying Industry 4.0 concepts such as continuous monitoring and predictive analytics in hospitals. Japanese scientists have developed facial recognition technology based solution to monitor patients in ICU and predict when patients are at increased risk.

• 5

  A stretchy stick-on patch can take blood pressure readings from deep inside the body. That’s the goal of researchers at the University of California, San Diego, who are working on a patch that can continuously measure someone’s central blood pressure.

Medical device resources: consultant/ analyst updates

• 1

  Roland Berger: Digital therapeutics: An exciting innovation, but not without challenges (Link)

• 2

  McKinsey: Solutions and services in medical devices: White space or white elephants? (Link)

Sponsors