#470: The Real Cost of MedTech Innovation: From Idea to Pre-Production with Lisa Voronkova
Lisa Voronkova, co-founder of OVA Solutions, draws on data from over 200 medical devices to outline the real costs and timelines of MedTech innovation. She details four engineering phases—Discovery, Proof of Concept, Design, and Development—and provides specific hour estimates for projects ranging from simple electronics to complex continuous glucose monitors (CGMs). Voronkova emphasizes the critical importance of validating devices in real clinical environments and explains why Design for Manufacturability (DFM) requires significant additional engineering investment to avoid costly late-stage redesigns.