Decision Criteria for Technology Commercialization of Medical Devices

Abstract

This paper provides a brief review of the current literature on technology commercialization factors for heterogeneous medical devices. It intends to propose some technology commercialization factors focused on three novel medical devices. Technology commercialization factors provide a means for a company to prioritize which technologies to commercialize so that an organization’s resources are used most effectively. A survey was arranged in order to provide feedback for the proposed technology commercialization factors. The results of the survey are analyzed after getting feedback from a number of personnel involved in medical device industry. Based on the response of the participants, relative weightings of the proposed technology commercialization factors are calculated. Finally, the relative weightings are used to score the three novel medical device technologies. A brief statistical analysis of the proposed technology commercialization factors is also discussed here.