Calculate your ROI on Siemens cloud-based PLM for Medical Devices
In 2024, Siemens commissioned Forrester Consulting to bring an in-depth look at the Total Economic Impact™ (TEI) of Teamcenter X, the cloud backbone of our Product Lifecycle Management (PLM) for Medical Devices solution.
The study breaks down the numbers, diving into the cost savings, flexibility and value Teamcenter X has brought to interviewed organizations.
What’s Siemens PLM for Medical Devices?
Siemens PLM for Medical Devices is an integrated end-to-end product development system that uses Teamcenter X to tackle medical device manufacturing complexity and regulation through data re-use, context capture and collaboration. Digitalization, design authoring and industry-specific workflow tools unite to create a truly connected platform that results in controlled risks for patients and users.
PLM for Medical Devices integrates across disciplines to drive product functionality. It’s futureproofed to deliver safe, effective and compliant products as demands change.
Calculate the value of PLM for Medical Devices
What the TEI study covers
The Forrester TEI study is a comprehensive analysis based on interviews with Teamcenter X users. It uses a trusted methodology to evaluate the cost, benefit, flexibility and risk factors involved in adopting our PLM system.
It also includes a dynamic calculator that enables you to tailor the data to your specific organizational needs. This personalized approach reveals how cloud-based PLM for Medical Devices can streamline processes, reduce IT burdens and unlock advanced capabilities.
Some key findings from current Teamcenter X users from a variety of industries include:
- 90% reduced product development time
- 90% savings on replacing legacy solutions
- 20% increased revenue due to faster time to market
- 15% reduced effort on audit and compliance requirements
How PLM for Medical Devices can influence your bottom line
Switching to PLM for Medical Devices can mean a significant reduction in operational costs and inefficiencies. It frees up your team to focus on what they do best — developing medical devices that improve patients’ lives. It gives you a scalable, secure environment that’s always up to date with the latest features.
Explore cloud SaaS PLM, powered by AWS
PLM for Medical Devices can be deployed on AWS, enabling you to take advantage of the scalability, reliability and security of the cloud while maximizing the value of your investment. With AWS, you can enhance collaboration and enhance product performance for improved processes.
What’s in it for you? Benefits of Teamcenter X
When you move to PLM for Medical Devices driven by Teamcenter X, you’re not just shifting to the cloud, you’re gaining access to next-gen tools that make product development smoother, faster and smarter. It helps you to:
✅ Minimize inefficient processes. Streamlined workflows mean your team spends less time on administrative tasks and more time innovating.
✅ Reduce IT burdens. With Siemens managing the IT infrastructure, your in-house team can focus on strategic priorities.
✅ Leverage emerging tech like AI and photorealistic visualization. Enhance your PLM experience to help you stay competitive.
Learn more about PLM for Medical Devices
Webpage: PLM for Medical Devices Webpage
E-book: PLM for Medical Devices
Blog: Unlock efficiency in medical device design control with PLM
Podcast: Teamcenter X provides cloud solutions for medical device management
Ready to calculate your ROI?
Wondering what potential savings could look like for your organization? Download the TEI study and use the calculator to get a personalized estimate. Build your business case and show your leadership team the value of cloud PLM for Medical Devices backed by insights from Forrester Consulting. Download the study
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