Insights on MedTech

FEATURED INSIGHT

The Expanding Health Care Metaverse

June 21, 2023 – The metaverse may be virtual, but its implications for healthcare are very real. Augmented reality, virtual reality, mixed reality, blockchain and virtual assets, and metaverse worlds—the underlying technologies of the metaverse—have established a firm footing across the sector, and use cases are proliferating quickly.

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FEATURED ARTICLES

Medtech Innovation Needs a Digital Upgrade

June 21, 2023 –Today’s medical device and equipment products are increasingly digitized, but innovation and development processes for medical technology have not kept pace. Many companies still think of development in terms of discrete products, with a clear start and finish line, rather than platforms with a more iterative innovation cadence..

Podcast

Accelerating growth in Medtech

May 5, 2023 – Medtech offers a compelling value proposition for investors. With high barriers to entry, sophisticated technology innovations, and substantial clinical and nonclinical unmet needs to address, the industry looks set for a future of profitable growth but large medtech companies are struggling with growth challenges and stagnant valuations.

Report

Accelerating customer-centric innovation in medtech

March 20, 2023 –Investing in understanding the needs of customers and the healthcare ecosystem in the early stages of innovation can boost performance and reduce the risk of failure. Companies need to gauge and understand the extent to which current products or future product ideas address both unmet needs of the consumer and the medtech ecosystem.

Article

The future of medtech sales is hybrid

May 5, 2023 – The medtech industry is at an inflection point in its adoption of remote-sales and support models. Leading companies are embracing hybrid sales and raising the bar for others. As medtech companies become more omnichannel, implementing remote-sales models will be a key element in maintaining strong customer experience and driving growth.

Investigation Insights

Omnichannel engagement in medtech

May 19, 2023 – Leading medtech companies are shifting to omnichannel models to build personalized engagement and stronger relationships with healthcare professionals, which will ultimately translate into better care for patients.

PROCESS BASED SOLUTION

LISOM

LISOM provides information on cost, productivity and quality, supply chain performance, and quality performance across Medtech, pharmaceutical and biotech companies. Companies can use the information to understand productivity drivers and their impact and quickly focus efforts on the highest value areas

LITMUS TEST

Our proprietary tool of analytics and team of expert would carve the journey of MVP- MUP - MMP - MSP - MLP. It helps build Customer perception by understanding the customers emotion related to the brand and innovating the direct or indirect customers' interaction.

UNEARTH

Unearth supports strategic decision-making by offering the most reliable cost curves, tools, supply and demand models, and commodities outlooks to Life Science & MedTech operators and investors. Enable them to make sound strategic, operational, and financial decisions.

IGNITE

Boost your competitive advantage, generate new insights, and identify efficiencies with R&D project benchmarking. Disruptive technologies—like electromobility, cleantech, decarbonization efforts, and digitalization—require significant R&D investments.

EXECUTION BASED SOLUTION

DIGIFOUR

Industry Revolution 4.0 brings opportunity to evolve into a collaborative player in the entire ecosystem by preparing and launching digital transformation. Enabling data capturing as an important tool.

ASKLEGO

It is collaborative platform that enables mid to micro sized healthcare organizations to enhance their manufacturing capabilities for larger organizations or Innovative Co. as a part of Manufacturing as Services. It also enables them to grow into other areas by utilizing local distribution channels for market acquisition

ARAHANT (INSIGHT AS A SERVICE)

We’re an analytic vendor providing Insight as a Service. We cover the entire end-to-end exercise of performing analysis, all the way from data preparation and loading it into our environment, to data warehousing so it stays there persistently and you develop that single version of the truth, to a very rich analytic experience powered by AI engine and validated by subject experts with their unique interpretations.

GOREMOTE

Digital Outreach Penetration Tool for Products or service to reach to from first mile to the last mile customer.

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APPLICATION

Driving strategy

Our 20-plus years of experience in assessing medtech value pools and trends and our clinical understanding of disease treatments and outcomes help clients sustain value and get ahead of the curve.

Leading operations

For the past few years, our Operations Practice has helped clients solve their most complex strategic and operational problems—from diagnosis to implementation. Today, it accounts for nearly half of our work across the firm.

Reinventing the core with digital and analytics

We lead with a business technology view to help medtech companies become digital and analytics-driven, delivering on average 25 times return on our fees.

Outperforming the market

In the past 5 years, we have advised and delivered superior customer insights to some very significant global medical-device companies on more than 20 projects.

Mastering organizational change.

We work with many of the world’s largest corporations on how to design high-performing organizations, manage major change, attract top talent, and realize maximum deal value from mergers to sustain competitive advantage and shareholder returns.

Accelerating Growth

Most larger companies remain overexposed to low-growth markets that depress overall growth rates.We have facilitated them to be an active acquirers outpacing their peers across industries and streamline their approaches to M&A outperform organic growers.

Patient centric Innovation

Customer-centric innovation can lift customer satisfaction and corporate performance. We help organization to introduce innovation in their product early phase to avoid costly failures and focus on the specification that adds value to the patient centric approach.

OUR SUPER POWER SOLUTIONS

RIGA.

Revenue Integration & Gap Analysis allows company to strategise their revenue growth management. Using Analytical tools, cognitive designers, experts and data scientist we provide pricing strategy, market intelligence and extra revenue streams to capture value creation.

CONSTEPS

Empathy Mapping is the solution that helps you understand and transform your journeys, at scale. Our offerings use analytics and design thinking to deliver up to twice the impact than traditional survey-based continuous improvement programs across satisfaction, financial, commercial and strategic metrics.

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Predictive to Prescriptive

P&P help organisation to sustained performance by building framework that adds ability to manage, align and grow thus avoiding critical decision on guts & intuitions. Applies data and rigor to the most important organizational decisions.

Karma Analytics.

Understanding the industry is critial for asset management sernior executives to operate effectively. For over a three years, Karma Analytics has provided industry insights and intelligence grounded in EC's expertise improve strategic growth and resource allocation decision.

Constrast Scorecard.

CS is a digital platform for benchmarking financial performance data, developing strategies, and uncovering insights for data-driven decision-making. Companies use our financial benchmarking reports, industry trend analyses, and macro-economic research to get to better insights faster.

Filter Paper Analysis

Filterpaper solves the execution and imperative gaps by providing a database of input costs, analytical tools that identify cost-savings initiatives, and expert analysis of competitors. By examining every aspect of the production process, Filterpaper uncovers exactly which procurement or design changes will produce the greatest savings.

Talespin Analytics

Talespin Analytics, EC's predictive micro-segmentation and content analytics capability. It integrates a team of storytellers, data scientists, marketers, specialists in the content industry, and software engineers to support customers at every stage of their storytelling journeys.

MaxGain

MaxiGain AI leverages a full portfolio of digital solutions that combines science, data, and experts to help processing plants in heavy industries make data-driven decisions to improve profit per hour and Increasing productivity in heavy industry.

Cognypact

Cognypact execute large-scale transformation programs that deliver maximum impact, plus benchmark progress against peers. It focuses on impact, not just activities. It helps track tinnest transformation initiative and KPI, allowing teams to collaborate and act on real-time insights.

Valise Analytics

Sophisticated portfolio analytics for commercialization of innovation. It provides the granular benchmarking capabilities, market insights, and analytical expertise banks need to transform their product or market strategies and maximize revenues across the entire cutomer life cycle.

Epilogy

A doctrine that brings granular details of market intelligence, complementary and contrast mapping of business and customer' value as well as design alternative methodology to develop, structures and launch the product or service.

Avatar 3.0

Design thinking is both an ideology and a process imbibed in EC's team as they seeks to solve complex problems in a user-centric way. It focuses on achieving practical results and solutions that are technically feasible, economically viable and desirable for the user.

RELATED PRACTICE

Healthcare Systems & Services

We help healthcare leaders make better, more affordable and more accessible for millions of people around the world.

Payers & InsuranceTech

Improving effectiveness, efficiency, service performance, and future capabilities for healthcare payers.

Public & Social Sectors

Using our operations expertise to drive performance, decrease cost matrix, and enhance the outreach and value creation for people.