LONDON--(BUSINESS WIRE)--Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on product research engagement for a medical equipment manufacturing firm. This success story highlights how Infiniti’s product research engagement helped a medical equipment manufacturing firm achieve performance improvement, enhance operational efficiency, ensure adherence to product safety standards, and reduce product recalls by 23% in a year.
Business Challenge: Ongoing cost pressure, intensifying competition, and increasing product recall made it difficult for a medical equipment manufacturing firm, based out of Italy, to compete with low-cost manufacturers. Besides, these challenges subsequently resulted in a dip in the product demand for the client. To streamline operations and reduce manufacturing costs, they wanted to prevent quality control issues, ensure adherence to product safety standards, invest into security protocols, and set optimal product prices. They chose to partner with Infiniti Research to leverage their expertise in offering product research engagement.
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Our Approach: To help the client tackle the above-mentioned challenges, the experts at Infiniti Research conducted a market intelligence engagement, qualitative and quantitative research, consumer research, product research engagement, and industry growth mapping. The experts also conducted an analysis of ongoing cost-pressure in the market, competitors’ strategies, and changing pricing structures in the global medical equipment manufacturing market.
Business impact of the product research engagement for the medical equipment manufacturing market client:
- Prevented quality control issues and reduced product recalls
- Ensured adherence to product safety standards and regulatory compliance
- Invested heavily into various security protocols
- Collected, secured, and managed vast amounts of sensitive data and prevented data thefts
- Achieved performance improvement and enhanced operational efficiency
- Achieved cost reduction in manufacturing
- Reduced product recalls by 23%
You may also like to read some of our product research engagement success stories:
- An Online Education Provider Increased Student Enrollment by 37% with Market Intelligence Solution
- An Automaker Attracted 300+ New Customers and Increased Sales by 37% in Six Months with Market Intelligence Engagement
- Examining Market Opportunities and Industry Challenges in the Us Electric Vehicle Market Using Market Intelligence Engagement
Want to know how our services can help companies in the medical equipment manufacturing market to streamline their business functions? Request more info and our experts will get in touch with you with comprehensive insights.
About Infiniti Research
Established in 2003, Infiniti Research, is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us