Medical Devices and Equipment

The Medical Technology Market is growing at an accelerating rate, having expanded more than 10% since the beginning of the COVID-19 pandemic. Total revenue is set to reach US$575 billion by 2023 and US$750 billion by 2027. With the world’s national healthcare system’s increasing dependence on high-tech solutions, the Medical Devices and Equipment (MD&E) industry is especially increasing its market share.

Five MD&E trends to watch:

  • Heightened focus on cybersecurity as national healthcare systems become increasingly dependent on IT systems.
  • Continued digitalization of medical infrastructure and hospital equipment is furthering Internet of Medical Things (IoMT) and Software as a Medical Device (SaMD) concept implementations.
  • Virtual reality, AI, and Machine Learning are being increasingly incorporated into novel medical instruments, services, and techniques.
  • Medical Robotics is gaining relevance in the fields of assisted living and physiotherapy and helping to alleviate the global nursing shortage.
  • 3D-Printing applications are being incorporated into various medical fields, helping to alleviate supply chain disruptions, and enabling the use of custom-printed prosthetics and implants.

With technological innovations at the forefront of the MD&E industry, new and existing medical device manufacturers need to ensure flexibility and efficiency in their production efforts. Being one of the most highly regulated markets on the planet, regulatory compliance remains another key priority for new and existing producers.

Achieve end-to-end traceability with MRPeasy

MRPeasy is a manufacturing ERP system that accommodates the complex requirements of small and medium manufacturers active in the MD&E industry. The system is perfect for both discrete and process manufacturers and combines Lean manufacturing principles with a comprehensive business management suite.

MRPeasy incorporates:

  • Easy and accurate product cost and lead time estimating;
  • Inventory management and procurement tools;
  • Forward and backward production scheduling, drag-and-drop rescheduling, and production planning tools;
  • Fully integrated Bill of Materials capacity including parametric and multi-level BOMs;
  • End-to-end traceability serial number and batch tracking, labeling and barcode system, expiry tracking, quality inspections, version and revision system, built-in RMA functionality, etc.
  • Built-in integrations with your choice of financial, fulfillment, shipping, or eCommerce app.

MRPeasy is 100% cloud-based, works on off-the-shelf hardware, and is always affordable. Check out this short video on how MRPeasy works for the MD&E industry:

Success stories

Athelas

Athelas from California, USA, produces modern equipment for blood tests.

York Instruments (a subsidiary) uses MRPeasy as a full ERP/MRP solution.

resolution_medical

Resolution Medical

Resolution Medical from Minnesota, USA is in vitro diagnostic and medical device manufacturer.

Resolution Medical uses MRPeasy for production planning and CRM.

Vertos Medical

Vertos Medical Inc. from California is a medical device company committed to developing innovative, minimally invasive treatments for lumbar spinal stenosis (LSS).

Vertos Medical is using MRPeasy for supply chain and stock management.

Integrated Manufacturing Software for Business Growth

  • Production Planning

    Benefit from accurate automatic planning and a realistic production schedule. Reschedule dynamically by dragging & dropping manufacturing orders and operations in the calendar or Gantt chart.

  • Stock

    Inventory management, stock movements, batch and serial number tracking. Set and optimize stock levels and avoid stock-outs. Maintain a clear history of your stock operations.

  • CRM (Sales Management)

    It takes just a few clicks to calculate the product cost and best delivery time. Send quotations and invoices, prepare shipments, dispatch confirmed customer orders to your production team, and track the end-to-end sales process from quotation to delivery using a simple pipeline view.

  • Team

    Simple environment for line workers to view tasks on a PC or a mobile device. Real-time shop floor reporting, and a real-time overview of the demand and availability of human resources.

  • Purchasing

    Manage purchases and raise pre-filled purchase orders with a single click. Vendors, pricing, lead times - it’s all there. Manage your supply chain using accurate statistics and forecast your procurement needs.

  • Accounting

    Enjoy clear visibility of your business performance. Monitor your cash flow, balance sheet and profit/loss in real time. Understand the profitability of the business, and much more.

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