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Complexity Stage Model of the Medical Device Development Based on Economic Evaluation—MedDee

Author

Listed:
  • Petra Marešová

    () (Department of Economics, University of Hradec Kralove, Rokitanskeho 62, 3 50003 Hradec Kralove, Czech Republic)

  • Lukáš Peter

    () (Department of Cybernetics and Biomedical Engineering, VSB—Technical University of Ostrava, FEEC, 17. Listopadu 15, 708 33 Ostrava—Poruba, Czech Republic)

  • Jan Honegr

    () (Biomedical Research Centre, University Hospital Hradec Králové, Sokolská 581, 500 05 Hradec Králové, Czech Republic)

  • Lukáš Režný

    () (Department of Economics, University of Hradec Kralove, Rokitanskeho 62, 3 50003 Hradec Kralove, Czech Republic)

  • Marek Penhaker

    () (Department of Cybernetics and Biomedical Engineering, VSB—Technical University of Ostrava, FEEC, 17. Listopadu 15, 708 33 Ostrava—Poruba, Czech Republic)

  • Martin Augustýnek

    () (Department of Cybernetics and Biomedical Engineering, VSB—Technical University of Ostrava, FEEC, 17. Listopadu 15, 708 33 Ostrava—Poruba, Czech Republic)

  • Hana Mohelská

    () (Department of Management, University of Hradec Kralove, Rokitanskeho 62, 3 50003 Hradec Kralove, Czech Republic)

  • Blanka Klímová

    () (Department of Applied Linguistics, University of Hradec Kralove, Rokitanskeho 62, 3 50003 Hradec Kralove, Czech Republic)

  • Kamil Kuča

    () (Department of Economics, University of Hradec Kralove, Rokitanskeho 62, 3 50003 Hradec Kralove, Czech Republic)

Abstract

The development of a new product is essential for the progress and success of any company. The medical device market is very specific, which is challenging. Therefore, this paper assesses an economic model for medical device evaluation using the economic, health, technology regulatory, and present market knowledge to enable the cost–time conception for any applicant. The purpose of this study is to propose a comprehensive stage model of the medical device development to subsequently describe the financial expenditure of the entire development process. The identification of critical steps was based on the literature review, and analysis, and a comparison of the available medical device development stages and directives. Furthermore, a preliminary assessment of the medical device development steps and procedures on the basis of the interviews was performed. Six interviews were conducted with an average duration of one hour, focusing on areas: relevance and level of detail of the medical device development stages, involvement of economic methods, and applicability of the proposed model. Subsequently, the improvement and modification of the medical device investment process, based on respondents’ responses, were conducted. The authors have proposed the complexity model MedDee—Medical Devices Development by Economic Evaluation. This model is comprised of six phases: initiation, concept, design, production, final verification, and market disposition in which the economic methods are incorporated.

Suggested Citation

  • Petra Marešová & Lukáš Peter & Jan Honegr & Lukáš Režný & Marek Penhaker & Martin Augustýnek & Hana Mohelská & Blanka Klímová & Kamil Kuča, 2020. "Complexity Stage Model of the Medical Device Development Based on Economic Evaluation—MedDee," Sustainability, MDPI, Open Access Journal, vol. 12(5), pages 1-27, February.
  • Handle: RePEc:gam:jsusta:v:12:y:2020:i:5:p:1755-:d:325509
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    References listed on IDEAS

    as
    1. Korol, Tomasz, 2013. "Early warning models against bankruptcy risk for Central European and Latin American enterprises," Economic Modelling, Elsevier, vol. 31(C), pages 22-30.
    2. Maarten J. IJzerman & Hendrik Koffijberg & Elisabeth Fenwick & Murray Krahn, 2017. "Emerging Use of Early Health Technology Assessment in Medical Product Development: A Scoping Review of the Literature," PharmacoEconomics, Springer, vol. 35(7), pages 727-740, July.
    3. Brockis, E. & Marsden, G. & Cole, A. & Devlin, N., 2016. "A Review of NICE Methods Across Health Technology Assessment Programmes: Differences, Justifications and Implications," Research Papers 001703, Office of Health Economics.
    4. Munjae Lee & Sewon Park & Kyu-Sung Lee, 2019. "What Are the Features of Successful Medical Device Start-Ups? Evidence from KOREA," Sustainability, MDPI, Open Access Journal, vol. 11(7), pages 1-17, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    medical device; development; economic evaluation; model; regulatory;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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