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The medical device market is both highly competitive and highly regulated, and a good idea just isn’t enough. Learn what it really takes to develop MedTech products.
Bringing a medical device to market is a long and winding road filled with regulatory requirements, design tradeoffs, testing hurdles, and business infrastructure requirements. The full timeline can easily stretch into years if not decades. Total R&D development costs for a Class 2 510(k) product can range from $2 to 5 million. However, the total cost through regulatory clearance and production can be over $30 million and quickly escalate to over $75 million for more complex Class 3 PMA devices, per a 2010 MedTech survey.
That means if you’re a design leader at a startup (or if you’re a physician or inventor seeking to enter the MedTech market), you need more than a groundbreaking idea to get the ROI you’re hoping for. In addition, you’ll need to:
It’s not easy — but it is achievable, especially if you engage a knowledgeable design firm that’s experienced in the unique challenges of designing highly regulated products. To that end, here’s a look at what you’ll need to do before, during, and after product development to give your medical device the very best chance of success.
Every successful product begins with the spark of a fresh idea. But there are plenty of product ideas that never make the market impact their developers expect. That’s why it’s crucial to take a step back and assess your idea objectively.
Ask questions like:
That last question has far-reaching implications, so let’s dig into it in more detail.
The first step in gaining regulatory approvals is to understand how your MedTech product will be classified. A device’s classification impacts everything from its overall cost to its timeline. Each classification requires you to maintain thorough documentation and paperwork to show the historical evolution of the product to regulatory authorities. The examples below are for the U.S. market, but other countries have their own unique regulatory requirements.
Class 1 devices like a scalpel or a nonelectric wheelchair present minimal potential harm for healthcare professionals or patients. These are typically the simplest to design and the fastest to bring to market. Class 1 devices require the least amount of regulatory oversight. But they may also be the hardest to differentiate, meaning your market impact could be minimal.
Class 2 devices like blood pressure cuffs, syringes, and powered wheelchairs present a moderate to high risk to healthcare professionals and patients. Most medical devices fall into this category. To obtain FDA clearance, you’ll need to show that your product is substantially equivalent to other similar, predicate devices by submitting a 510k. In this class, products may or may not require a small clinical trial to show safety and efficacy.
Class 3 devices are those that sustain or support life, are innovative or novel, or present a larger risk to the patient. Examples include pacemakers, cochlear implants, and combination products like drug-eluting stents. These devices require FDA approval, in-depth testing, and rigorous clinical trials. It often takes around ten years to bring Class 3 devices to market.
Generally speaking, the more ambitious and innovative your product is, the more costly and time-intensive the entire development process will be. The FDA has also created additional regulatory pathways for break-though and De Novo medical devices. As such, a key part of doing your due diligence includes speaking to a regulatory expert to create an accurate development/regulatory plan and secure the funding you’ll need to turn your vision into reality, including the necessary FDA submission fees.
Once your product moves into active development, you’ll need to make smart design choices that set your concept apart from the competition.
This might mean letting go of design features you personally love so you can better serve your end user. Or it might involve reducing the scope of your design so you don’t overburden it and end up with a product that doesn’t do anything particularly well, or puts you into the next regulatory classification described above.
You’ll need to talk to users throughout the design phase to find your product’s market edge. At the same time, your design team will need to refer to your company’s design controls and Quality Management Systems (QMS) and think through all the ways the product could fail to prevent that failure from happening.
Testing and validating the design is a non-negotiable part of getting it all right.
It doesn’t matter how much you love your product design if it doesn’t hold up to stringent testing. So before you take your design to a manufacturer for production, you’ll need to be ready to create six to ten workable prototypes, per test, to put your design through its paces.
To verify, validate, and finalize your design, test for:
Of course, your design team should do everything it can to proactively address issues rather than wait to fix problems that arise during testing. Careful adherence to FDA guidance documents or internationally recognized standards such as ASTM or ISO standards — combined with early and frequent testing — will help you avoid costly rework.
Much like a parent’s work isn’t magically done when a child turns 18, your responsibility to your product doesn’t end once it’s designed. There are still quite a few details to figure out.
First of all, remember that the prototype you finalized at the end of your active product development phase is still not your product. There’s a lot that can happen when you hand your design over to the manufacturer and they begin translating it into a production-ready, at-scale product.
It will also take time to build up an inventory. Production doesn’t happen overnight, especially if your device requires special equipment and custom tooling. To that end, don’t make promises about how quickly your product will be available in various markets. You still have a ways to go before you reach the finish line.
What you can do now is work out the details of:
There’s a lot involved with managing your product once it launches. Don’t wait until it hits the market to iron out these crucial details.
Designing a MedTech product and bringing it to market is not for the faint of heart. The process is long, rigorous, and costly — and there are numerous obstacles to overcome along the way.
So, if you truly want to enter the MedTech sphere, it’s crucial to be realistic about the commercialization challenges that lie ahead. If you’ve done your due diligence and truly have a good, market-worthy idea — and if you partner with designers who won’t stop until they deliver the very best solution possible — you’re on the way to making the meaningful impact you’re looking for.
We know what it takes to design medical devices that clear regulatory hurdles and meet users’ needs. We’ve helped MedTech clients like Stryker, Luminex, and Caretaker achieve market success, and we can help you, too. So let’s talk.