-
Hariharan Ganeshan Thevar replied to the topic Funding in Medical Devices Industry in the forum Introduction to Project Management 6 years, 2 months ago
Huge investment needed in medical device. Some of the small companies collaborate with each other for making a medical device. For instance, Medtronic are taking small companies like covidien just make profit and make a better product.The main reason for so large amount of funding required for the medical device because of so many tests performed and research. It takes minimum 2 years for the research or even more depends experiment results. Certain tests have been taken for FDA. That’s the reason medical device are too costly in the market.