The U.S. medical device industry is considered by many to be one of the country’s most innovative business sectors. Not surprisingly, due to the nature of medical devices and the critical issues they address, it is also one of the most highly regulated.
Manufacturers are making headway in mass customization thanks to lean manufacturing, just-in-time inventory, and digital technologies like additive manufacturing.
Customizable consumer products can create production choke points in traditional manufacturing models. Additive manufacturing is one way to “unchoke” production for mass customization.
The terms ‘mass customization’ and ‘mass personalization’ are often used interchangeably, but there are important differences.