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Tackling Obsolescence in Medical Devices

Innovation is expensive, so how can you maximize the lifespan and profitability of medical device innovation?

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 Developing entirely new medical devices is costly and time-consuming, requiring testing, certification, and regulatory compliance, often taking four to five years. Medical device obsolescence can result from factors like outdated firmware, component scarcity, or unavailability during chip shortages. A recent Med-Tech Innovation article discussed the challenge of obsolescence in the medical device industry and how companies, especially SMEs, are addressing these challenges to extend the lifespan of their products. 

INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast
The exciting new PACK EXPO Southeast 2025 unites all vertical markets in one dynamic hub, generating more innovative answers to packaging challenges for life sciences products. Don’t miss this extraordinary opportunity for your business!
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INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast