K2M, now a part of Stryker, is a medical device innovator and manufacturer that works closely with surgeons to design spinal implants and surgical instrumentation.
Industry: Spinal medical devices
Location: Headquartered in Virginia, with offices in the UK and Germany
Company Size: 500 Employees
Critical Business Issues: K2M’s prototyping process was too long and costly.They faced pressure from customers to get designs to market faster.
The Solution: K2M partnered with Vaupell to create product prototypes from their spinal technology designs.
The Outcome: Together, they reduced the prototyping phase of time-to-market from eight weeks to just a few days.
K2M is in the business of innovation. Surgeons and patients depend on their products to make spinal surgery safer, effective, and more efficient. “Speed to
market is very important for products in the medical device space,” says Alex Artaki, senior development engineer at K2M. “The industry is changing so rapidly that five year-old products are obsolete.”
As a result, every additional week K2M spends on the development cycle can potentially hurt their bottom line and slow their customers’ ability to implement the latest technology.