Investment evaluation of medical device development

The aim of the research is to present the economic aspects of medical device development. Carrying out of this research is motivated by the limited financial resources of developed countries’ governments, a growing number of patients who live longer thanks to high-quality health care, and the government's efforts to invest in science and research efficiently. The main objective of this project is, therefore, to create a model capable of presenting the potential of investments in medical device development. On this basis, it will be possible to optimize processes related to medical device development and market penetration. To achieve this objective, firstly, a review of existing medical device development models will be provided. Followingly, a new model will be designed and discussed with medical device experts from universities, R&D centers, and companies producing and selling medical devices. The model will be developed for various categories of medical devices. All these research activities will result in the creation of methodical approaches – supplemented with case studies – to measure the effectiveness of medical device development.