Thursday, February 15, 2007
HCL Technologies Showcases End-to-End Product Design Services for Medical Devices
HCL Technologies Ltd has announced that the heavy investment and long payback periods required to develop medical devices have made it imperative for device manufacturers to outsource part or all of their design process to gain a competitive advantage. Today at the Medical Design & Manufacturing (MD&M) Conference West, the Company has showcased its breadth of medical device development services, including concept, design, manufacturing, certification and support, to help medical device manufacturers shorten product development lifecycle and introduce new products to the market faster.Outsourcing the design and manufacturing of medical devices to India is also an effective way to reduce R&D investment costs. Frost & Sullivan reported the leading medical device manufacturers invested as much as 10-14 percent of revenues in R&D, compared to 6-7 percent by manufacturers who off shored their R&D work.Moreover, when considering outsourcing to India, manufacturers are looking beyond traditional IT work for back-office applications and product support. Today, leading medical device manufacturers rely on the Company for advanced services, such as embedded software services, hardware and engineering services, as well as complex hardware design encompassing digital and analog electronics.As an FDA-registered design house for end-to-end concurrent design and the development of medical devices and work across Class I, II and III medical devices and equipment, the Company also brings proven systems and processes that ensure 50-70 percent cost reduction on product development.The Company mitigates pain points for manufacturers and provides a variety of capabilities, including:
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