Avoid Medical Device Development ‘Wipeouts’: Consultant
Medical device consulting firm IMUA Services describes the five most common medical device wipeouts and how to avoid them. Using a surfing theme, the Carlsbad, CA, company identifies the mistakes as:
- not conducting market research or not conducting enough research on who will use a product, how it is used, how it will make the user’s life easier, and whether there is enough demand to justify development costs;
- taking the wrong regulatory path;
- inadvertently infringing on another company’s patent;
- ignoring formative usability studies, risking that summative studies submitted to FDA will not meet all of the agency’s requirements; and
- setting unrealistic development timelines and costs.