New Product Development
The medical device industry is in constant state of change. In order to successfully compete in this market, it is necessary that businesses know how to change and adapt their products to meet the market’s needs, as well as new regulatory requirements.
HSI Medical has helped businesses develop and implement new product ideas in the medical device industry around the world. Our technical team and partners are experienced in transforming ideas into reality, as well as finding creative solutions to ensure the success of the new or enhanced products in your target market.
Our product development services include, but are not limited to, the following items:
- Design a comprehensive product development program
- Provide project budget with timelines
- Identify target markets
- Conduct consumer research
- Develop prototypes
- Analyze the market research data developed
- Identify key consumer benefits
- Identify and provide manufacturing solutions
- Patents, prior art searches and trademarks
- Identify distribution networks
- Develop a marketing strategy
- Product licensing solutions
- Business development
- Post-project reviews and analysis
