Medical Product Development Part 1: Idea, Partnerships, and Commercialization

The global orthopedic devices market is expected to reach nearly $72 billion by 2026, representing 12% of the projected global medical devices market. The vantage point of surgeons conveniently places them at the crossroads of surgery, therapy, and inpatient and outpatient dynamics, providing fertile ground for the invention of medical devices. This review article aims to provide an overview for how surgeons should take on launching a product in the medical device industry. In Part 1, we cover idea development, industry partnerships, and commercialization. Part 2 will cover the patent and United States Food and Drug Administration submission processes. Copyright (C) 2021 by the American Society for Surgery of the Hand. All rights reserved.