A Survey of Success Factors in New Product Development in the Medical Devices Industry

A Brown, D Dixon, J Eatock, BJ Meenan, T Young

Research output: Chapter in Book/Report/Conference proceedingConference contribution

12 Citations (Scopus)

Abstract

Abstract—This study of the factors that are correlated withsuccess in New Product Development (NPD) is based on 68responses to a survey of medical device companies in the UK andIreland. It was found that the degree of technological innovation, the involvement of end users in the development process, the dissemination of NPD priorities to staff, and the use of financial analysis throughout the development process were all correlated with success in a statistically significant manner. These findings demonstrate the importance of innovation, integration and the use of financial metrics to sustained product development success. In addition, this survey found that new-to-the world innovations made up only 4.4% of NPD projects in larger companies and 9.3% of NPD projects in small and medium sized enterprises.
Original languageEnglish
Title of host publicationUnknown Host Publication
Pages1-5
Number of pages5
Publication statusPublished - 28 Jun 2008
EventEngineering Management Conference, IEMC Europe 2008 - Estoril, Portugal
Duration: 28 Jun 2008 → …

Conference

ConferenceEngineering Management Conference, IEMC Europe 2008
Period28/06/08 → …

Keywords

  • Medical devices Product development Research and development management Technological innovation

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