30 Jul '16, 12pm

Peek into the future of #wearable #medical #electronics

The problem is one of business strategy. The last decade has witnessed unprecedented globalisation, with cross-border trading blocs resulting in international supply chains with highly responsive logistical networks. This has increased competition in the global marketplace and created a price based race to the bottom. As a result, consumer product development life cycles (PDLCs) have shrunk drastically. A typical consumer product life cycle is 12 months. It can stretch to 24 months and be as short as six. This can be attributed to increased disposable income in emerging economies, more global competition, access to cheap labour and an incessant consumer demand for the next best thing. In contrast to this, medical device PDLCs are much longer, typically 10 years. Due to the lower volume production, higher research and development (R&D) costs, more lucrative healthcare contr...

Full article: http://www.eetasia.com/news/article/peek-into-the-future-...

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by @EDNcom

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