Three trends in 2021 and how Smart App Templates can help
In the last few years, the medical device industry has been transformed by cutting edge technology. From VR/AR treatment planning to surgical robots, manufacturers are bringing new, ever-more sophisticated products to market at record speed. However, here’s the challenge: the highly-regulated nature of medical device manufacturing, combined with the need for comprehensive QA and risk management processes, has made it increasingly difficult for manufacturers to scale. Teams are struggling to update tools and processes to stay abreast of compliance and ahead of competitors.
Enter – TimeSeries. As a leading provider of software services and solutions based on the Siemens low-code platform Mendix, we’ve developed industry specific templates. These are configurable application templates that solve repeatable challenges in compliance driven development. In this blog post we’ll review three medical device trends, a challenge posed by each, and how TimeSeries’ app templates can help address these challenges.
Three of the trends that are reshaping our industry include the IoMT (internet of Medical Things), the expansion of wearables and an explosion in technical complexity.
1. IoMT (Internet of Medical Things)
In the medical device industry the IoT/IoMT is growing exponentially, with the number of connected medical devices expected to reach 50 billion by 2029. From smartwatches and other wearables to connected implants and digital surgical platforms, IoMT spans the industry. The amount of data being captured annually by connected devices is tremendous. In 2021, total IoMT data generated is expected to eclipse 800ZB.
A challenge: how to ingest this data and use it effectively? TimeSeries’ solution is our purpose-built Intelligent Insight IoT Smart App Template. Built to be the middle ground between rigid off-the-shelf software solutions and lengthy custom development projects, our IoT app template is flexible enough to connect to any sensor network, and greatly accelerates the speed at which data can be analyzed and put to use. We’ve built this, and all of our smart applications, in Mendix low-code so they can be rapidly tailored to an organization’s individual use-case. This smart app template is:
- Highly scalable
- Multi source
If your organization is interested in better leveraging large volumes of IoMT data, then this low-code template is worth investigating.
2. Expansion of Wearables
Wearables are set for 25%+ growth per annum through at least 2027. The market has grown from a niche product category to a dominant force in the medical device industry. On top of rapid year-on-year growth, there is increasing diversity in the types of wearable devices being manufactured to meet consumer demand. Smart watches with heartbeat sensors, wearable ECGs and blood pressure monitors, biosensors, and dialysis devices are just a few of the categories offering significant opportunity for medical device manufacturers.
A challenge for companies is differentiating themselves in this increasingly crowded market. One TimeSeries solution is to enable manufacturers to provide omni-channel patient portals to enable consumers to see the data insights they want, where and when they want. By providing a middle ground between off-the-shelf software portals and custom development projects, our patient portal app template allows companies to create configurable, flexible portals in weeks or months versus the years it can take with traditional coding methods. It means you can quickly and affordably create a truly bespoke portal that enables you to stand out from the competition.
One patient portal example: For a leading Canadian healthcare company, ClaimSecure, TimeSeries delivered a custom self-service portal web app to optimize communication between patients and health providers. In particular, the application replaced a manual process of linking claims and medical drug coverages to streamline reimbursements.
3. Explosion in Complexity
An overarching trend in medical device manufacturing is an exponential increase in the complexity of the devices being developed, and the manufacturing technology leveraged to deliver those devices. Consider the growth in surgical robotics. Where years ago surgical robots were considered ‘the future’ with one to two companies consistently making headlines, in 2021 these robots are ‘the now’ with each of the top five medical device companies investing heavily in platforms for robotic surgery. The level of complexity in these projects is astronomical: hundreds of engineers, dozens of subsystems, tens or hundreds of thousands of requirements.
A challenge is maintaining visibility to a project’s progress. While individual systems may enable KPI reporting for data they contain, key data sources are spread across multiple platforms such as PLM, ERP, and CRM systems, design tools, automated testing tools, and many more. This makes it difficult to answer questions like ‘what’s the expected completion date?’ or ‘what areas pose the greatest risk to our budget or timeline?’ TimeSeries solution: Mendix smart apps which automate KPI reporting by ingesting data from multiple backend systems, creating bespoke KPI reports, and enabling multi-channel access so key stakeholders can access real-time reporting from web or mobile devices.
For more information on automating KPI reporting, see how Orchid Orthopedic Solutions has leveraged smart apps in this way.
Is an app template right for you?
If you’re interested in learning more about TimeSeries, and how our smart app templates are accelerating manufacturing for leading medical device companies, please reach out! We have individuals across the globe who can understand your needs, share the value of our low-code smart applications, and who can determine whether these solutions are right for you.