The Merging of Medical Device Manufacturers and the Pharmaceutical Industry
The Merging of Medical Device Manufacturers and the Pharmaceutical Industry As product technology advances and the general demand for healthcare expands, the industry line between medical device manufacturers and pharmaceutical companies is being blurred as innovative products continue to emerge. Manufacturers are exploring new technologies that adhere to better patient compliance, improve product safety and utilize unique drug delivery methods. These new technologies include:- Small adhesive patches that are encapsulated and swallowed. Once in the body they dissolve and stick to the wall of the intestine to deliver time-released medication- Implantable devices that automatically run tests and dose medications- Transdermal patches that are embedded with micro-sized needles that deliver medication over a period of time As technology advances and healthcare treatments become more complex, the pharmaceutical and medical device industries…