Abstract

• Novel devices must meet rigorous thresholds for clinical efficacy and safety. Some innovations succeed more than others. • Variations in the success trajectory of innovations cannot be easily explained by device efficacy alone. • The key to successful device development lies in 2 concepts of business theory: disruptive innovation and co-opetition. • We propose that initial randomized clinical trials of newer devices be conducted on these 2 building blocks. • Our construct places interventions in a Venn diagram depicting disruptive innovation, co-opetition and randomized trials. • Our construct has significant implications for industry, regulatory bodies and clinical trialists.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.