October 17, 2018

Accelerating Development in a World of Growing Complexity

Recently, I’ve been surveying a number of reports and articles forecasting the future of medical devices.  Specifically, the future trends emerging in interventional cardiology, structural heart, neuromodulation and drug/device combination products. Some of the individual market segment takeaways include: ~ Improvements in cardiac mapping are combining with advances in ablation technologies to improve patient outcomes while simultaneously shortening procedural times, elevating throughput in the cardiology lab. ~ Real-time, visual guidance using intravascular imaging, fractional flow […]
September 24, 2018

The Financial Impact of Strategic Innovation

Market intel firm CB Insights recently published results from its survey of corporate strategy executives, illustrating the fact that 41% of executives say their firms are extremely at risk, or very at risk of disruption.  Perhaps no other industry is more vulnerable to disruption than medical device. Let’s explore the confluence of market drivers that medical device companies face: Demographics – U.S. populations are growing older and living longer. Prevalence of Chronic Conditions – According […]
August 28, 2018

The Coming Age of Strategic Innovation in Medical Device

Efficient and effective engineering and new device development have always been central to the success of medical device companies.  Under the traditional, Fee-For-Service reimbursement landscape, companies could identify costly or marginally effective procedures and develop products that improved patient outcomes while lowering the current cost of care.  As medical device companies evolved, many developed a particular rhythm to the development and commercialization process.  In the past, I’ve worked with device companies that actually held off […]
August 9, 2018

Leveraging a Culture of Innovation in Device Development

While innovation may simply be the next buzz word resonating throughout industry, it’s a competitive imperative in medical device.  Yet, identifying the causal inputs that drive sustainable, efficient innovation remain elusive for many firms.  This need not be the case.  Setting the stage for innovation, and developing a culture that supports and nurtures adaptive thinking (solving novel, heretofore unforeseen challenges), are actually grounded in science. Values-Driven Culture Research from the field of positive psychology has […]
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