Initiation Oppurtunity and Concept Phase • Look at the market potential • By creating the product are we going to benefit as a company • Market Size • Market Competitors • Key Partners • Intellectual Property • Here we define the product, look for the funding options • Potential possibilities for marketing the product Planning Stage • Collect the user needs • Translating of those needs into technical requirements and conceptualizng how the device will look For instance, Solidworks drawings • Technical people start building the prototypes, building a design file and broadening the scope to market the device • Device is classified based on the risk associated with the device Design and Development Phase: Planning
• Once the concept is proven to work-Design and Development activity for a
commercial product begins • Engineers will iterate on the product design, get user feedback, do design verification and validation, and start drafting technical documentation here • Something like a blueprint of the device based on the customers requirements Design and Development Phase: Production Processes • During the design and development process stage the medical device and the processes for its manufacturing are designed and tested until ready to be transferred to production stage • At this point the product has been submitted for Regulatory Approval • In reality, the design and development process is iterative • As design issues are identified and fixed, the design is improved and optimized and tests may have to be repeated or specifications adjusted until all relevant requirements are met Product Launch
• Once a medical device firm gets clearance to commercialise a medical
device, the product enters the launch phase of its life cycle • The product will be offered to hospitals, clinics, and healthcare practitioners, with the maker providing training and assistance to ensure that the equipment is used effectively Post Market Phase • Before a product is released onto the market, it is subjected to post-market monitoring to ensure that it is safe for the general public • Post market surveillance activities will be conducted to ensure that adverse events that involve the medical device are reported, • Clinical follow-up studies may be conducted and the manufacturer can still address complaints or adverse events and make improvements to the products. • If the product proves to be a success, it may be launched into newer markets