Product Life Cycle for a medical device PDF

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Description

The Product Life Cycle for a medical device typically includes several stages:

1. Development: Research, design, and testing of the device.
2. Introduction: Launching the device into the market.
3. Growth: Increasing sales as awareness and adoption grow.
4. Maturity: Sales stabilize as competition increases and market saturation occurs.
5. Decline: Sales decrease due to technological advancements or market shifts.

Throughout these stages, companies may engage in product updates, marketing efforts, and regulatory compliance to maintain or extend the device’s life cycle.