Med-Tech Innovation November 30, 2023
Dunstan Power, director, ByteSnap, sheds light on the challenges presented by obsolescence in the medical device industry and how companies are finding smart workarounds to overcome them.
Obsolescence is a fact of modern technological life. Electronic devices used in healthcare may become obsolete for many reasons; for instance, outdated firmware, which poses security risks, or scarcity or unavailability of crucial components (especially evident during chip shortages). The medical device itself remains valuable and in demand. Therefore, it is in the interests of manufacturers, customers, and the environment to keep them on the shelves for as long as possible.
With the UK medtech market valued at £24.5 billion and largely made up of SMEs around the country, it is a highly...
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