Five steps to help medical device makers deal with semiconductor shortages

[Photo by Vishnu Mohanan]

Medical device manufacturers are increasingly pessimistic about the supply of semiconductors, according to Deloitte’s latest survey of the industry.

Some said they’ve slowed down or halted manufacturing operations after depleting their semiconductor inventories, and nearly 80% of survey respondents reporting extended lead times, with some stretching more than a year.

“More than 75% of our most-recent survey respondents said that their customers have turned to alternative types of treatment for their patients,” Deloitte’s Stephen Bradley and Bill Murray wrote in a new report. “As a result, some hospitals and health systems are looking into alternate products, new usage strategies or treatment options.”

The Advanced Medical Technology Association (AdvaMed), which continues to push for the medical device industry to be prioritized fo…

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6 startup trends from Deloitte and MedTech Innovator — and warnings for established medical device companies

The medical device industry is shifting, and startups and established medical device companies alike should prepare for key trends identified in a new report from Deloitte.

Deloitte’s Center for Health Solutions and MedTech Innovator worked together to analyze MTI’s database of approximately 1,000 applicants for MTI’s 2021 startup accelerator program.

The startups that applied had at least developed a prototype, but had not yet progressed beyond a series D round of funding. They come from 48 states in the U.S. and 43 countries.

Alva Health was named as the competition’s winner last week, but they’re not the only promising company. Of this year’s applicants, about three-quarters have raised equity funding, totaling a collective $3.9 billion. More than one-fifth of the applicants already have customers, and 9 percent have won regulatory approval.

As part of its analysis, Deloitte interviewed leaders from startups and medtech companies that could be …

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