The pressure to introduce new medical devices to market quickly and cost-effectively is constant. Implementing these key strategies will streamline the commercialization of products.
Most biomedical device companies are familiar with rapid prototyping, which allows them to quickly produce parts and test feasibility. However, when a medical device needs to be developed and manufactured in a limited amount of time, it is necessary to employ a more holistic approach to streamline product development methodology. This helps to ensure that biomedical devices are introduced quickly and cost-effectively. Rapid product development essentially divides the approach into three key components: collaboration, agility and software.