Sunday, June 28, 2015

Medical Devices: From Concept to Launch

Integrated Technologies Ltd (ITL) - a global medical device product development, product design and contract manufacturing service company - has recently published an infographic that displays the entire product development cycle, from concept to commercialization and product launch.

Source: - Infographic: The Journey from Idea to Commercialization

The infographic intends to show the development steps of a product, within a contract manufacturing company. But the process can also be replicated at large medical device companies that manufacture their products by themselves. At the bottom, one can see the early stages: idea, market research, business plan, funding round. Then comes the fun part for medical engineers: product development, product design, clinical trials. When the product is ready to be launched, marketing and sales have to do their part: commercialization.

As for post-market, Integrated Technologies Ltd listed steps such as after-sales support, obsolescence mitigation, further product development and manage regulatory change (especially true for medical devices!). The infographic also shows stages of the development of a product range, entering new markets/countries, IPO or technology transfer.

As a Brazilian-based biomedical engineering company that provides services from the idea to the pre-series production, Biokyra works to support all the stages of the project and minimize the risks of it. Our goal is to make your idea become an innovative and successful product.

Monday, June 15, 2015

Foreign Capital Investment in Healthcare: China, India and Brazil

A report by the World Health Organization (WHO) on healthcare financing systems for universal coverage of 2010 suggests discussing innovative ways to increase health investment funds at a global level.
As an example of change in the entire healthcare management system is China, which has pledged by 2020 to provide health services "safe, effective, convenient and affordable" to all urban and rural residents with "a medical clinic and a hospital in each region of the country". In addition to the US $ 124 billion initially invested to restructure out-dated services, the government authorized foreign capital investment across the Chinese healthcare market, including tax incentives in some cities.
India’s situation is similar to Brazilian’s reality: lack of healthcare professionals and poor infrastructure. In 2007, the strategy to raise more money, and restructure healthcare, has allowed foreign capital investment in hospitals, which brought benefits to the country, according to a report by Rupa Chanda, published by the World Health Organization.
Brazil has recently changed the law nº 8.080/1990 and now authorizes foreign capital investment in hospitals.