Insights

Full Spectrum Marked Second Consecutive Year of 20 Percent Revenue Growth

Southborough, Mass., Jan. 30, 2024Full Spectrum, a rapidly growing product development and engineering services company specializing in the medical device, digital health, and life science industries, today announces that it ended 2023 with its second year in a row of 20 percent revenue growth. This sustained momentum demonstrates device and digital health OEMs’ ongoing need for Full Spectrum’s solutions, driving the company to add three new Fortune 500 MedTech clients while achieving its strongest revenue to date.

 

In a difficult 2023, featuring strong headwinds due to significant uncertainty around the impact of artificial intelligence and the effect of GLP-1 drugs on the medical device market, as well as an ongoing detrimental Research and Development tax change, Full Spectrum was able to leverage its unique technology consulting services to support client executives as they evaluated the impacts. This uptick in consulting services programs demonstrates businesses’ escalating requirement for expert guidance in navigating the increasing complexities around this unusual convergence of market uncertainties.

 

“With our deep experience in the medical device, digital health, and life science industries, our company is well positioned to aid our clients as they address the evolving challenges facing these markets, as proven by our sustained growth year-over-year,” said Tim Bowe, CEO of Full Spectrum. “As the healthcare landscape continues to evolve and new regulations are introduced around artificial intelligence, cybersecurity, and other areas impacting the space, we will continue to work closely with our clients to ensure they fully understand these guidelines while devising effective product strategies and developing innovative products. We look forward to what 2024 brings for both our business and our clients.”

 

Full Spectrum was also very active at events in 2023 as industry conference attendance normalized post-Covid. In addition, executives’ expert insights were featured in a variety of industry publications and podcasts as well as several webinars.

 

About Full Spectrum

Full Spectrum is a product development and engineering services company that focuses on providing cutting-edge solutions to clients in the medical device, digital health, and life science sectors. With its extensive expertise in systems engineering, technology consulting, and product development, the company is a preferred partner for organizations seeking to stay ahead in today’s rapidly evolving healthcare landscape. For more information, visit https://fullspectrumsoftware.com/.