Originally Published MX May/June 2004

BUSINESS PLANNING & TECHNOLOGY DEVELOPMENT

Paying attention to today's medical device design and development trends can help executives produce breakthrough technology success.

Courtney Harris

Medical technology innovation today is more critical than ever. Breakthrough technologies can lead to a higher level of patient care at a lower cost. For medical device companies, advancing the commercialization of innovative products can lead to higher profit or greater share of a hot market segment.

According to a recent U.S. public opinion survey on innovation, most Americans are optimistic about the positive results of new technology, while experts urge more caution.¹ The survey also found that 80% of Americans believe that the country is prepared, scientifically and technologically, to ensure their personal safety, health, and well-being. Likewise, 80% of Americans are optimistic about how science and technology will affect their future.