Learn about what’s currently impacting the broader medical device industry. Our panelists will kick off the week by going over all the trends, statistics, and themes uncovered from the 2023 MedTech Industry Benchmark Survey. The session will uncover major shifts in industry goals, the use of modern Medtech software tools, major gaps in product lifecycle processes, and more. Discover how you can apply these findings as you make decisions within your organization in 2023 and beyond.

1. 2023 MedTech Industry Report
Expectations vs. Reality of Bringing Devices to
Market

2. POLL!

3. 613 Medical
Device
Professionals
Agenda
● 2023 Revenue Outlook &
Business Objectives
● Roadblocks for Quality and
Product Development
● Unpacking Compliance
● Expectations vs. Reality
● Investing in Software is the Value
Multiplier

4. Overview of Study Demographics

5. Revenue Outlook & Business Goals

7. Effects of Financial Slowdown
Downturns result in
cost-cutting measures
- Less investment of advanced technologies
such as Bluetooth, AI/ML, 5G, remote
monitoring, etc.
YoY
In 2022, 60% were looking to gain market approval
In 2023, it dropped to 42%

9. Roadblocks and Opportunities for
Quality and Product Development

10. Product Timelines by Class
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11. Product Lifecycle Traceability

12. Specifically for Pre-market
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13. Challenges with Risk Management
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14. Design Control Pains
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15. Scaling Manufacturing
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16. Unpacking Compliance
#1 business goal across Quality, Product Development, and Executives

18. Major Concern: Lack of Knowledge
Professionals from
commercialized companies
are only 11% more
knowledgeable about
regulatory compliance vs.
pre-market

19. The Solution? Shift Your Mindset
Regulatory
Compliance → Quality
Ethical Business

20. Filling the
Gaps
So how are companies and individuals
addressing the compliance and
regulatory issue?
1. In-House Training Programs
2. Consultants
3. Accredited courses and training
4. Unaccredited courses and
training

21. Bringing Products to Market
Expectations vs. Reality

22. 53%
Pre-Market companies misjudge time
to market by more than 50%

23. Add Headline
In This Space
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Pre-market companies underestimate
engineering support, training, and hiring that
goes into the scaling process.

24. Investing in Software, the Value
Multiplier

25. 9 Medical Device
companies use on
average 9 software tools
to manage their product
lifecycle - including
quality, product
development, supplier,
manufacturing, and
clinical.
“I wish we could use fewer tools
interactively for several uses. We really
need the ability to share and download
- all while maintaining control
documents.”
- 2023 Survey Respondent

26. Many Still Use Paper/Spreadsheets
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27. POLL!

28. Invest In Your
Business and
Your People
By Investing in
Technology
What’s the one thing that would
make your job easier?
Dynamic Technology
“More than anything, I’d like a system
that links everything - absolutely
everything, like product
documentation - together. It would
transform my job” - 2023 Survey
Respondent

29. Greenlight Guru’s Modern QMS Built for
Medical Device Companies
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MARKET-LEADING ORGANIZATION
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TODAY →