5 Key factors for sucessful medical device development

A guide for innovators, engineers and entrepreneurs committed to improving healthcare.

In the dynamic world of medical technologies, developing a new medical device is a complex and challenging journey. “>75% of all Medical device start-ups never make it to the market.” From both innovation and regulatory standpoints, there are numerous obstacles to overcome on the path to success.

To illustrate these challenges and learn valuable lessons, we look at one of the most well-known yet controversial stories in the medical startup world: Theranos. This American company was lauded for its promise to revolutionize blood testing but quickly found itself at the center of allegations of fraud and deception. By understanding what went wrong at Theranos, we can gain profound insights into the essential pillars of successful medical device development.