Business Strategy2023-06-21T01:46:25-04:00

Blog – Business Strategy

Business Strategy: This section of Blog articles includes business strategy for the commercialization of an emerging technology, how to secure funding for technology development, assessing the value of a technology, determining the current competitive landscape and other pertinent information.  Click on each article to lead into the information, and then select Read More for each full article:

Evaluating a Medical Device Startup for VC investment

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Evaluating a Medical Device Startup for VC investment

 

June 2023

Introduction

The healthcare industry has witnessed a surge in innovation, with medical device startups at the forefront of revolutionizing patient care as can be documented by medical device consultants. As these startups develop groundbreaking solutions, venture capitalists (VCs) play a crucial role in providing the necessary funding […]

Planning for the Hospital Value Analysis of Your Emerging Technology

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Planning for the Hospital Value Analysis of Your Emerging Technology

 

June 2023

Introduction:

In the fast-paced world of healthcare, emerging technologies play a crucial role in enhancing patient care, improving operational efficiency, and driving positive outcomes. However, integrating new technologies into a hospital setting requires careful planning and evaluation to ensure their value and effectiveness. One essential process […]

Selecting the Life Science Project with the Highest ROI Potential for a Platform Technology

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Selecting the Life Science Project with the Highest ROI Potential for a Platform Technology

 

June 2023

Introduction:

In the world of life sciences, platform technologies play a crucial role in driving innovation and advancements across various disciplines. These technologies provide a foundation for the development of new drugs, therapeutics, diagnostics, and other life science applications. However, with limited […]

Key Opinion Leader Opinions on an Emerging Technology and Its Influence on Investments

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Key Opinion Leader Opinions on an Emerging Technology and Its Influence on Investments

 

June 2023

Introduction:

Emerging technologies have the power to revolutionize industries and create exciting opportunities for investors. As these technologies evolve and gain traction, the opinions and insights of key opinion leaders (KOLs) become crucial in shaping the investment landscape. KOL identifications include […]

Performing a Positioning Analysis on a Medical Device Startup

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Performing a Positioning Analysis on a Medical Device Startup

 

June 2023

Introduction:

In the highly competitive healthcare industry, successful positioning is crucial for the growth and sustainability of any medical device startup, thus performing a positioning analysis will ensure that the capabilities are positioned to resonate with investors. A positioning analysis involves assessing the market landscape, identifying […]

The Value of Medical Device Competitive Analysis in Predicting Adoption

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The Value of Medical Device Competitive Analysis in Predicting Adoption

 

June 2023

Introduction:

In the dynamic and rapidly evolving field of medical devices, predicting the adoption and market success of a new product is crucial for manufacturers. One effective tool that aids in this process is a competitive analysis performed by medical device consultants. By examining the […]

Navigating Preclinical Medical Device Valuation: The Role of a Medical Device Consulting Firm in Mitigating Investment Risks

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Navigating Preclinical Medical Device Valuation: The Role of a Medical Device Consulting Firm in Mitigating Investment Risks

 

May 2023

Preclinical medical devices are those that have not yet been tested on humans and are still in the development phase. Investing in a preclinical device can create high-risk, however can also potentially deliver significant rewards. A valuation of […]

Determining the Value of Your Novel Medical Device Technology

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Determining the Value of Your Novel Medical Device Technology

 

May 2023

Valuing a start-up medical device company can be a complex and difficult task. When determining the value of a start-up business in the medical device industry, there are a number of factors to consider due to the industry’s distinct market dynamics and regulatory environment. There are […]

The Journey to Commercializing a Medical Device: Key Milestones and Considerations

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The Journey to Commercializing a Medical Device: Key Milestones and Considerations

 

May 2023

From conception to commercialization, the development of medical devices is a complex procedure involving a number of steps. In the United States, 75% of medical device startups fail, and 30-40% of investors lose their entire initial investment.

The cost of bringing your product to […]

Navigating the Landscape of Medical Device Investors: Key Considerations

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Navigating the Landscape of Medical Device Investors: Key Considerations

 

May 2023

Analysis of various factors is needed to identify the most suitable investors for your medical device innovation. You can identify investors who can provide valuable insights and support based on qualitative factors like experience, reputation, and value congruence. The ability of an investor to support your […]

Key Considerations for Ensuring Medical Device Adoption

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Key Considerations for Ensuring Medical Device Adoption

 

May 2023

The development of a medical device that will be sanctioned by both healthcare facilities and physicians is crucial for commercial success. The market for medical devices is anticipated to reach $595 B USD by 2024, driven by an aging population, a rise in the prevalence of chronic diseases, […]

Eight Important Predictors of Clinical Adoption: How to Determine Clinician Willingness to Pay for Lifescience Innovation—Price Versus Features

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What distinguishes between a technology physicians say they want and one they are willing to pay for? Furthermore, how do you determine those features that would be nice to have versus those that raise the value of your technology? Successful commercialization relies on the balance of a number of market factors and careful planning. When considering the strategic distribution of your R&D and marketing resources the voice of the customer is essential.

The Changing Role of KOLs for Life Science Innovation Development

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Lifescience companies rely on selected Key Opinion Leaders (KOLs) to build advocacy for their technology, for clinical guidance on practice patterns, and for increased understanding of competitive technology usage and market trends. However, in the current era of comparative clinical effectiveness driving technology adoption, best practice roles for KOLS are expanding.

How to Determine Projected Adoption of Your Preclinical Life Science Technology that Changes the Standard of Care

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Medical device executives desire to achieve successful commercialization, yielding a multimillion $/€/¥ exit while delivering clinical value to patients who benefit. To achieve these objectives, entrepreneurs have ever-changing hurdles to conquer. With so much at stake, how is it possible to identify the indication for use with the highest potential for successful commercialization, and to predict adoption early in the development process?

Competitive Analysis in Life Science: Comparing Emerging and Existing Technologies

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The life science industry is constantly evolving, and emerging technologies are rapidly being introduced into the market. With rapid innovation and intense competition in the life science industry, a comprehensive competitive analysis can help businesses stand out and drive accelerated innovation adoption. A competitive analysis is a crucial component of market research that […]

“Navigating the Value Analysis Committee: Strategies for Technology Approval”

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The development and approval of medical device technology is a complex process that requires significant time, effort, and resources. One of the critical steps in this process is obtaining approval from a value analysis committee (VAC). A Value Analysis Committee is a group of healthcare professionals responsible for evaluating medical devices’ clinical and financial […]

“Maximizing Medical Device Success: How Medical Device Consulting Firms Can Help International Companies Bring their Products to the US”

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Bringing medical device technology to the US is a complex process that requires extensive knowledge of the market dynamics, industry trends and regulatory landscape. It’s not enough to have a great product or technology; you must also understand the competitive landscape and gain market acceptance to succeed. This is where medical device consulting firms and […]

“Unlocking Success: The Importance of Key Opinion Leader Identification for Life Science Technology”

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As emerging medical technology entities develop and attempt to bring their products to market, it is essential to have the guidance and insight of key opinion leaders (KOLs) who are recognized experts in their respective clinical fields. KOLs are recognized as experts in their clinical area due to their years of experience and contributions […]

“Choosing the Right Consulting Partner for Successful Medical Device Innovation”

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“Choosing the Right Consulting Partner for Successful Medical Device Innovation”

 

Bringing a medical device innovation to the market can be complex and challenging, requiring expertise in market research and commercialization strategy. That’s why many medical device companies turn to medical device consulting firms or consultants for guidance and support. But with so many medical device […]

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