From Concept to Counter: A Review of Bringing an Orthopaedic Implant to Market.
review · Level V
Where this comes from
- Record sourced from PubMed, PMID 32692096.
- Also identified by DOI 10.5435/JAAOS-D-20-00017.
- No licence information is recorded for this record.
- Because redistribution is not established, this page shows the abstract only. Follow the links below for the full text.
Abstract
Physicians offer unique contributions to the orthopaedic implant design process by providing creative ideas and insightful clinical expertise. This article provides a brief overview of the pertinent considerations of transforming a concept into an orthopaedic implant and bringing it to the market. Implant concept choice should consider medical or surgical necessity, regional variability, market characteristics, cost of goods sold, and average selling price. Implant development requires adherence to regulatory requirements and device classification. Implant production incorporates design specifications, mechanical testing, sterilization, packaging, and marketing and sales. Orthopaedic implant company agreements determine physician compensation through royalties and/or the purchase of intellectual property. After rollout, physicians participate in monitoring for device safety. Bringing an orthopaedic implant from a concept to the market can be lengthy and complicated, but innovation is essential for advancing patient care and well-being.
Medical subject headings
- Commerce
- Marketing
- Orthopedic Procedures
- Physicians
- Prostheses and Implants
- Prosthesis Design