Healthcare Innovation Cycle for "MedTech" Solutions

MedTech is broad term for electro/mechanical medical devices. Tracking data has been added to show an example of an early stage team at risk due to a focus on technology. Select any Maturity Level to see the core Requirements or select the Requirements themselves to see a description of what is involved in completing a requirement and curated resources.

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Requirement

Competing Solutions Characterization

A characterization of the relative strengths and weaknesses of the current solutions to the “job” your solution is designed to address as compared to how your envisioned solution will perform.
It is important to understand the performance of competing solutions – which includes work-arounds, etc. – so you can assess the relative strengths and weakness of each and assess how your proposed solution must operate to be an improvement.
Create a table that lists the key features/performance of the 2-4 solutions that appear most competitive to yours and talk with Stakeholders to develop a profile of the perceived strengths and weaknesses of each solution. Based on. The expected performance of these products as compared to your proposed solution, determine its relative strength and weakness.

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Legacy Impact

Previous Impact data can be found here.

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how-hospital-administrators-make-purchase-decisions_research-studies.pdf

Google research on how hospital admins make purchasing decisions

Filing a US patent application on your own

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Which Type of IP Protection Is Right for Your Medical Device?

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