There is a convergence happening between the medical device and high-tech manufacturing industries. Medical device companies tend to have longer product development lifecycles due to the highly regulated environment they're in, and all of the hoops they must jump through like working with regulatory bodies for approvals and conducting clinical trials. High-tech companies, on the other hand, can respond to customer feedback quicker than medical device companies because they're closer to the customer. But to succeed, they must fully understand the quality and regulatory environment they're stepping into first, while being more realistic about product timelines. The winners of tomorrow will completely meet user needs, keep up with the evolving technological changes, navigate the changing regulatory environment, and make diagnostics more accessible.
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