The medical device industry is filled with motivated medical entrepreneurs who have the next most significant concept to better human life.
They have the intellectual property and need the expertise to turn the idea into a safe, viable product, often looking to outsource services such as product design and development, regulatory consulting, prototyping, sterilization, in-vitro and in-vivo efficacy and safety testing to meet their investors’ milestones for the product. Established device manufacturers also often have multiple development programs operating simultaneously that can dwarf their in-house resources, particularly in a COVID environment where cost and resources are routinely evaluated.
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