Most medical device startup companies fail during one critical phase of the development process, the transition from prototype to market-ready product. Quite a challenge. But one that Bioana has helped its partners overcome in the past.
One key step during this transition, that can make or break the success of the product, is low-volume manufacturing. Allocating resources effectively during this stage is crucial for success and having access to low-volume manufacturing is a game changer. But why is it so important?
Testing and Validation: Low-volume manufacturing allows for the production of a small batch of devices using the final manufacturing process. This enables thorough testing and validation of the product under real-world conditions. Any issues or improvements identified during this phase can be addressed before scaling up production, saving time and resources in the long run.
Regulatory Compliance: Meeting regulatory requirements is a non-negotiable in the medical device industry. FDA requires testing during V&V (Verification and Validation) to be made on the finished device. Low-volume manufacturing helps ensure that the devices are safe, effective and comply with the necessary standards and regulations. This early compliance testing can prevent costly delays and setbacks during the regulatory clearance/approval process.
Cost-Effectiveness: While mass production typically offers economies of scale, low-volume manufacturing can be more cost-effective during the early stages of product development. It is iterative by nature, it allows for flexibility in making design changes and improvements without the high costs associated with large-scale production.
Speed to Market: In the fast-paced world of healthcare, speed to market is crucial. Low-volume manufacturing accelerates the product development process, allowing companies to introduce their devices to market sooner and gain a competitive edge.
From design refinement and manufacturing scalability to securing adequate funding, you will face numerous hurdles during this transition. However, by leveraging low-volume manufacturing, you can enhance the quality and efficiency of your product development process, but overall accelerate and secure your market success.
Let’s bridge that gap together! Contact us to learn more about how our low-manufacturing services can help you bring your innovations to life.
“Bioana team, you guys are simply amazing. Thanks so much for all your team’s hard work on this. We remain impressed beyond measure.”
Mark Lee
CEO, Ocumetics
"Our experience with Bioana had been outstanding. Their commitment, eye for detail, punctuality, proactivity and understanding manufacturing principles, workflow, quality and resourcefulness has been beyond our expectations."
Frank Harder
CRO , Bolb Inc.