What Makes the Top Medical Device Companies Succeed?

Man and woman shaking handsWhat makes top medical device companies successful? The first answer for most would likely be profit, but profit is a product of success, not the key to success. Given the complexity of developing medical devices, the challenges companies face from concept to production to regulatory approval to market are many. Today’s healthcare industry is fluid. Medical device companies cannot simply offer a unique product or technical expertise to ensure sales. It needs to consolidate such offerings into healthcare systems to provide a broad range of solutions that are need-based for all parties—patients, physicians, clinicians, insurers, and other companies.

A Practical, and Proven, Approach

A first step is providing a device that is receptive in many sectors of the industry. One practical approach to success, but is often overlooked, is by fulfilling an unmet need. Stand in the shoes of a practitioner—learn and listen and observe. Whether in the operating room or lab, surgeons, scientists, clinicians, and administrators all look to optimize efficiency that can or will improve procedures and practices to benefit patients. Successful medical device companies that choose the right component part at the right time often are only fulfilling an unmet need—a device whose time has come. They focus on core features and functions, avoid add-ons or additional features that could bring additional costs, more financing, FDA scrutiny and delay to market.

Creating and Maintaining a Budget

Successful medical device companies budget effectively. New companies can avoid cost overruns by budgeting in unanticipated delays up front. You don’t have to think about problems you may encounter when bringing a medical device to market but it’s important to budget for them in advance. The FDA approval process alone is a long one. Regulations are in place to ensure safety. Products must be tested and verified, strict guidelines must be adhered to, and be thoroughly documented. Having to take a step back more than once is part of the process. Budgetary related setbacks can be overcome with effective anticipatory budget management practices.

Those small companies or startups that may have a solid medical device may lack the expertise and experience to successfully bring the device to market. The expertise may be limited to one or more areas, which are helpful, but a daunting hurdle to overcome on the road to success. Companies can build success by considering partnering or contracting with other medical device companies that offer single source provider services.

Top Medical Device Companies, That are Also OEM

A proven model of success are those medical device companies that offer single source provider services to other companies, labs, hospitals, health providers, inventors and the like. These companies are original equipment manufacturers (OEMs) of medical devices. By functioning as a single source provider, they are well-positioned to service a variety of industries focused on producing medical, diagnostic, laboratory, research, biomedical, clinical, and pathology devices.

Such companies can provide a wealth of information and a range of services to bring a medical device to market. The services are done under one roof—consultation, R&D, manufacturing, packaging, and assembly needs—to meet all regulatory requirements for medical device engineering and production. This includes design, drawing, and engineering, and then the necessary tooling, molds, computer modeling, and statistical process control for production.

All facets of production—state-of-the-art injection blow molding, sterilization services, custom packaging, pad printing, DNase/RNase free manufacturing, and process validation services are in place to support the intricacies of the product development cycle. Material components of a device can be developed and tested onsite. In-house engineering teams experienced working with both standard and unique materials, especially for the varying types of synthetic polymers that are widely used in the latest plastic medical components by laboratories worldwide. Single source providers have the resources to work with a range of materials such as polypropylene, polyethylene, acrylic, polycarbonate, and polystyrene. Rigorous quality control standards are in place to meet the stringent requirements necessary to be awarded medical device approval as well as 510K filing specifications.

Understanding and Catering to Demand

Giving the people what they want is an age-old maxim that still rings true as a means to success for businesses. Today’s healthcare industry is no exception. There are many challenges that must be met for medical device companies to succeed. Finding your niche, and building success maybe in fulfilling unmet needs, finding a place for your device, and building long-lasting working relationships within the industry.

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Plastic Products Catalog

BMP Medical is a quality manufacturer of plastic consumables and plastic products for research and medical diagnostic laboratories. Our products are manufactured to the highest quality standards. We offer a wide selection of products sold through the world’s premier laboratory distributors.

Non-Sterile and Sterile Centrifuge Bottles

  • Available with standard caps for low-speed work and sealing caps for high-speed applications
  • Caps have a built-in gripper to facilitate removal from the rotor
  • Extra thick walls for durability-resistant to most chemicals
  • Wide mouth design makes filling and decanting easier
These precision molded centrifuge bottles are available in polycarbonate or polypropylene. For low speed applications the bottles provide excellent value for large volume/large batch centrifugation procedures. For high-speed work, the easy-to-use Noryl® (Noryl® is a registered trademark of General Electric Company) sealing caps with silicone O-rings enable leak-free processing at high centrifugal forces over long durations. Bottles must be filled to 80% of capacity. Centrifuge bottles may be autoclaved at 121ºC at 15 psi for 20 minutes. Caps should be placed on the bottles without engaging the threads. Bottles are qualified to the rated g-forces using Sorvall® (Sorvall® is a registered trademark of Kendro Laboratory Products) and Fiberlite® (Fiberlite® is a registered trademark of Piramoon Technologies Inc.) high-speed rotors, tested at 20ºC, with bottles filled to 80% of capacity. Failure to use the correct rotor cushion or adapter will shorten the life of the bottle and may prevent achievement of the maximum rated RCF and/or bottle failure. Prolonged autoclaving and reuse may cause stress cracks, crazing or bottle discoloration.
centrifuge bottle
Sterile Centrifuge Bottles 
 
centrifuge bottle
Non-sterile Centrifuge Bottles

Cytology Funnels Category

BMP Medical Cytology Funnels for the Shandon CytoSpin® Centrifuge BMP Medical Cytology Funnels are the functional equivalent of the Thermo Shandon CytoFunnel®. Fully compatible with the Shandon CytoSpin Centrifuge, BMP Medical Cytology Funnels can be used to deposit a thin layer of cells in a clearly defined area of a microscope slide. The filter card absorbs any excess fluid. Operation is identical to those supplied by Shandon and easy-to-follow instructions are included in each pack. All products sold in case quantities only.


 

metal cytology funnel clip

Metal Cytology
Funnel Clips

Double Cytology Funnels

Double Cytology Funnels

Single Cytology Funnels

Single Cytology Funnels

Hemodrop Blood Dispenser

The Hemodrop is designed to reduce the risk of exposure to bloodborne pathogens in the Hematology laboratory. To prepare a manual differential smear, a drop of blood needs to be dispensed onto a glass slide from the specimen tube. Simply puncture the rubber stopper with the Hemodrop, and then invert and press gently onto the slide. A single drop of blood will be dispensed and the slide is ready. No more removing the stopper and manually putting a drop on the slide to test blood.  
hemodrop
Hemodrop

Multipurpose Containers

These high-quality non-graduated lab containers are designed for the collection, transport, and storage of specimens and samples. Tight fitting lids prevent leaks and odors. Ideal for storing biologically hazardous samples for terminal autoclaving before disposal. Molded from various materials. The stackable containers are resistant to freezing and boiling.

centrifuge

Translucent Multipurpose
Containers

 

Polypropylene Beakers

Resistant to most commonly used laboratory reagents, including a variety of strong acids, bases, and organic solvents, these high quality polypropylene beakers are the premier choice for scientific laboratory applications. All beakers are transparent for clear content visibility and graduated for easily estimating volumes. Molded-in pouring spouts, and a rolled lip, for a dripless working environment. Autoclavable to 121ºC ( 248ºF).
centrifuge
Polypropylene Beaker

Specimen Collection

For specimen collection and transport, this system provides disposable products for the convenient collection, delivery, and testing of urine specimens. A plastic cup is provided for specimen collection and the pressure sensitive patient identification labels have ample writing space. The lightweight transport rack is small and easy to carry yet provides space for up to 20 tubes with labels and caps. The tubes are made of sturdy polystyrene and are safe for centrifuging. The flared top permits the use of a midget urinometer ensuring a tight cap fit.   
centrifuge
Specimen Collection Kit
   
centrifuge
Commode Specimen Collection Systems
 

Tissue & Ultra Tissue Grinders

We offer two lines of tissue grinders for the clinical lab and research lab. The standard product is all plastic and is designed to grind softer tissues such as liver and spleen. The Ultra tissue grinder line has a vitrified tip and is designed for tougher material such as muscle or bone. Both lines are delivered sterile sealed Tyvek® (Tyvek® is a registered trademark of DuPont) package.

tissue grinder

Tissue Grinders

ultra tissue grinder

Ultra Tissue
Grinders

Urine Sedimentation System

BMP Medical, a manufacturer of diagnostic products, has a full line of urinalysis disposables. We offer the components separately, or in various kit sizes and configurations. The line is built around our 10-chambered Decislide which is made out of optically clear acrylic. It can take 10 individual samples on the same slide eliminating the need for a new slide for each sample.

 

Urine Sedimentation

Urine Sedimentation
System