Developing medical devices is an expensive proposition, compounded by the long odds of a novel product having commercial success. The risks are not only technical, but include regulatory, reimbursement, intellectual property, and changing medical practice. What’s not nearly as expensive is early concept development and demonstrating feasibility. Disposable medical devices that may cost $20,000,000 to bring to market, can have their proof-of-concept completed for less than $200,000. And, simpler devices that may cost a few million to bring to the market can have Feasibility demonstrated for tens of thousands. Read More
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