Medical device startups: Here’s how you successfully plan

The development of the product development plan is an evolutionary effort that continues through the life of the medical device project. Bill Betten, Betten Systems Solutions, and Tom Waddell, Waddell Group This is the second in a series of articles that will discuss the design of innovative products in the highly regulated medical environment.  The

8 steps to successfully introduce your medical device product

There are eight major steps you need to know in order to successfully get a medical device to market, according to  Jim Medsker, president of Keystone Solutions Group. The steps provide a “general overview of the important issues to think about as an early stage company,” Medsker explained in a recent whitepaper. The eight steps

That time Roald Dahl invented a medical device

Roald Dahl is best remembered as an author of children’s books, particularly for works like Charlie and the Chocolate Factory and Matilda. His stories have sold more than 250 million copies around the globe. But Dahl was much more than a storyteller: He also helped invent a medical device that has been used on nearly 3,000 children worldwide, according

How Model Solution is enabling development of canine prosthetics

The Echo prosthetic leg is specifically designed to improves a dog’s mobility and balance, giving them a second chance at life while reducing pressure on his body and avoiding potential spinal issues. Model Solution (Milpitas, Calif.) assisted Shubham Harish, a student at the College for Creative Studies in Detroit, in developing the design for the canine

How to think outside the box with medtech innovation

Innovation is important in medtech and many other industries. But what does it really mean – and can it be done with speed? That was the question that a panel of experts – moderated by William Betten of Betten Solutions – grappled with today at DeviceTalks West in Orange County, Calif. It turns out that

How and when to outsource product development

Sometimes, it makes sense for a medtech company to outsource product development to bring their device to market faster and more efficiently. MassDevice.com editor Sarah Faulkner spoke to Minnetronix‘s VP of business development and marketing, Jim Reed, about how and when medtech companies should consider outsourcing product development to a partner.  Faulkner: How should companies

Is medtech behind the curve on value-based care?

Less than 60% of healthcare professionals think medical device brands meet their patient outcomes expectations – an important part of value-based care, according to a new survey from analytics platform company Vennli. “With the changes occurring in value-based healthcare model, healthcare providers are subject to more scrutiny than ever before. … Providers will put pressure on

How product development outsourcing can make your medtech amazing

In today’s medical device market, more and more companies are using outsourcing as a product development strategy.  Stuart Karten, Karten Design There has been a fundamental shift in the way companies develop medtech products because of advances in digital technology, medical industry economics and public policy – such as the Affordable Care Act’s withholding of

Medical device startups: Here are the secrets of success

Bill Betten, Betten Systems Solutions It’s tough enough to be a startup developing and launching innovative products. For medical device startups, there’s the added burden of operating in a highly-regulated industry. The cost of developing a medical device ranges from $25 million to $100 million, according to a 2010 research study out of Stanford University.

How Igus bearings helped create an exoskeleton to support surgeons

Igus bearings are helping to take the load off of surgeons by way of Airframe exoskeletons from Levitate Technologies. Airframe exoskeletons are designed to support the arms of those who encounter repetitive motions or stationary arm elevation for an extended period of time. The exoskeletons help transfer the weight of the arms from the shoulders,

Webinar: How to succeed in medical device incubation

This webinar was presented live on Wednesday, Dec. 13, 2017. Click below to watch on demand.     Times have changed. A unique new medical device concept these days, even supported with IP, is rarely enough to gain investor interest, let alone stroking a sizeable check. Development professionals within the field not only need to

How to ensure patient centricity in drug-delivery system design

Now more than ever, it’s critical for drug-delivery systems to address usability needs and patient safety. Here are three key takeaways to ensure that patients stay central to the development process for drug-delivery devices. Kennedy Clark, West Pharmaceutical Services For the treatment of many chronic conditions, such as Crohn’s disease, diabetes, multiple sclerosis and rheumatoid arthritis,

How to best collaborate with a product design firm

There are a number of things that medical device companies can do to ensure that their partnerships result in well-designed devices. Here are a few tips for successfully navigating a partnership with a product design firm. Sonja Takatori, Product Creation Studio So you’ve successfully interviewed, evaluated and selected a design firm to partner with on your

3 keys to a higher value launch for IVD

Amanda Brantner, Ximedica Launching a new IVD technology can involve many hurdles and risks, but investment dollars abound for technologies that can demonstrate significant value in the healthcare market. “Investment and fundraising in the healthcare ecosystem saw a banner first half of 2017, driven in part by advancements in artificial intelligence and machine learning for

How to collaborate better with a product design firm

There are a number of things that medical device companies can do to ensure that their partnerships result in well-designed devices. Here are a few tips for successfully navigating a partnership with a product design firm. Sonja Takatori, Product Creation Studio So you’ve successfully interviewed, evaluated and selected a design firm to partner with on