In medtech, we always look for ways to provide value to the clinical decision maker. Blockchain is an exciting new tool that creates new opportunities in medtech to additionally provide value to hospital administrators.
It is always good to learn from other industries. In a study from PricewaterhouseCoopers (PWC), a project team from Stanley Black & Decker (SB&D), was recognized as a “high-leverage innovator,” a company that outpaced other industry members in terms of financial success while downsizing spend on R&D.
While there is no specific data that provides ROI on medical device human factors usability testing, there is plenty of applicable data for usability testing across multiple industries.
There are plenty of business best practices reasons to perform human factor usability testing because there is a great return on investment for medical device companies. in terms of Medtech Product Development Benefits (Faster Development/Rapid Prototyping) and Commercialization….Read more