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elizabethsimon
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CEO
Re:
elizabethsimon   11/21/2013 12:52:56 PM
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I agree Kris. I think the lack of innovation in the larger companies goes a long way toward answering the question of why we have not seen as much progress in the medical field as in other fields. The barrriers to entry are high which discourages startups and slows the pace of innovation.

Caleb Kraft
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Blogger
some good stuff
Caleb Kraft   11/21/2013 11:50:57 AM
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While I can't talk about things like certification with any authority, I've seen many advances in things like 3d printing and low cost sensing. Some of the tech that has surfaced in the last couple years seems like it will have a fairly large impact in the near future.

krisi
User Rank
CEO
Re:
krisi   11/21/2013 10:29:05 AM
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I agree, long certification is a problem...but saying that "Larger companies have great financial backing, which in turn fosters developments in the industry and supports creative innovation" missing the point completely...large companies in my experience do very little innovation, they just watch technologies being developed by small companies and ocasionally buy them when they really feel something needs to be done in a given filed...Kris

rick merritt
User Rank
Author
Re: Listen to Steve
rick merritt   11/21/2013 9:52:10 AM
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@Doug: Thanks for the refer.

In medtech NeuroPace has done a great job staying lean for 14 years waiting for FDA approval!

See 2013-10-16 Brain Implants Near Milestone

prabhakar_deosthali
User Rank
CEO
Re:
prabhakar_deosthali   11/21/2013 8:47:24 AM
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Apart from the regulators and the long development and certification cycle , there is also a hanging sword of litigation and huge compensation claims if a medical device fails to perfrom its expected function because ofa hardware/software malfunction.

In my opinion , the medical fraternity has to take a lead in the development by joining hands with the electronics community.

alex_m1
User Rank
CEO
breakthroughts
alex_m1   11/20/2013 5:07:09 PM
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One hard thing to do with medical devices is software certification. One solution i've read about is a modular software framework that pre certifies a large part of the needed design , thus simplifying the design.

http://people.cis.ksu.edu/~santos/MDCF/doc/Li-al-IHI2012.pdf

 

 

 

dougwithau
User Rank
Manager
Listen to Steve
dougwithau   11/20/2013 2:23:52 PM
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Do this http://steveblank.com/category/life-sciences/

Stevel Blank is the Grandfather of the Lean startup movement. The medical space is unique and if we are able to learn from other peoples experiences, read and follow these blog posts. You will learn how to innovate and succeed in the medical market.



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