BME100 f2017:Group12 W1030 L2
Solid Works design
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The bracelet is designed to be elastic to fit over any wrist.
a) What are the challenges? The challenges with this product include aspects of the design, like the thickness desired by patients and being susceptible to breakage. Other challenges could include the lack of technological knowledge by the patient to effectively utilize the device and the logistics regarding information transfer to the patient's primary physician.
b) What could go wrong? Due to the design of our product, a tight band, patients could easily suffer health risks from the band being too tight. Contrastingly, if the band is too loose, an accurate reading cannot be collected.
a) Will it work in the clinic? Yes, physicians can employ this device for any patient that desires to monitor their blood pressure easily and effectively. Although, patient training on how to use the device will be advised.
b) What are the clinical risks? There will always be a risk that the prescribing physician is inaccurately trained on how to use the device. In the patient's perspective, the material used to construct the device could cause an allergic reaction to patients with skin sensitivity.
c) Have similar products been in a clinical trial? How long was the trial? Many products have been through clinical trials and more are continuing to be tested. There have been similar products in trial. The most recent being Stanford's pulse recording product. Trials average to be about 5 months..
Technical feasibility: 3
Clinical feasibility: 3
1. What value does your prototype create for the customer? This product will bring constant reassurance that their blood pressure is being monitored by a trusted physician in a way that does not interfere with their lifestyle.
2. Determine the cost to create your design. Justify. $15 because fitbits amount to about $17 for their creation, but our device will not include an LED screen.
3. What would be the anticipated average sale price (ASP)? Justify. $75 (15*5=75)
4. Using initial market size analysis in Lab 1, determine the market size in dollars per year. market size: (249,464,440 people/2=[approx]125,000,000) $75*.05*125,000,000=468,750,000
5. Using the fundability worksheet, determine if your prototype should be funded. Justify why or why not. Market size: 2, should be funded because our market size is clearly abundant and should attract a large consumer audience.