Development of New Medical Device – Investment Evaluation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F20%3A50018044" target="_blank" >RIV/62690094:18450/20:50018044 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Development of New Medical Device – Investment Evaluation
Original language description
The entrance of company into the regulated market for medical devices is associated with compliance with many regulations, ordinances and laws. On the other hand, the production and sale of medical devices is very promising, in all economic periods. In May 2021, Europe is facing a major change in the legislation on medical devices in the form of MDR Directive 2017/745, which has been developed to protect patients in order to increase their safety. This is undoubtedly the right and proportionate situation for society, but it involves high costs and investments for manufacturers. Companies are now faced with the question of what future economic result can be expected and what strategy to follow. The goal of this study is to suggest and specfify steps of medical device development for economic evaluation and calculation of economic efficiency. For these purposes, a calculator that calculates economic efficiency indicators such as Return on Investment, Net Present Value and Breakeven Point, was made. It takes into account the new legislative conditions, and it also allows its users to set the risk class and other characteristics of the medical device. The study also contains demonstrated calculation of economic efficiency indicators for one case study.
Czech name
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Czech description
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Project
<a href="/en/project/TL01000302" target="_blank" >TL01000302: Medical devices development as an effective investment for public and private entities</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Sustainable Economic Development and Advancing Education Excellence in the era of Global Pandemic
ISBN
978-0-9998551-5-7
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
1-12
Publisher name
International Business Information Management Association, IBIMA
Place of publication
Neuveden
Event location
Granada, Spain
Event date
Nov 4, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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