BME100 f2017:Group3 W1030 L2: Difference between revisions
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Description: | |||
Our product is a phone case that can also act as an inhaler for asthma patients. This case was based off of a design that we found off of grab cad, but the addition of the actual inhaler mechanism were of our own design. Our mechanism has a button on the top that releases the metered dose of medicine, much like a regular inhaler design. We have included a retractable end piece that allows the patient to inhale the medicine. The design has a removable back so that the consumer can add their own medicine cartridges. The product will be made out of stainless steal and has a relatively easy design so it shouldn't be costly to mass produce. | |||
==Technical and Clinical Feasibility== | ==Technical and Clinical Feasibility== | ||
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'''Have similar products been in a clinical trial?'''<br> | '''Have similar products been in a clinical trial?'''<br> | ||
a). No current model to compare to <br> | a). No current model to compare to <br> | ||
'''Technical Feasibility Score:''' 3 <br> | |||
'''Clinical Feasibility Score:''' 1 | |||
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Cost of phone case + aluminum housing + hardware = $5.44 per unit (max) <br> | Cost of phone case + aluminum housing + hardware = $5.44 per unit (max) <br> | ||
Cost of phone case + stainless steel housing + hardware = $13.54 per unit (max) <br> | Cost of phone case + stainless steel housing + hardware = $13.54 per unit (max) <br> | ||
'''Sales Price'''<br> | '''Sales Price'''<br> | ||
(6061 Aluminum) $27.20 | (6061 Aluminum) $27.20<br> | ||
(304 Stainless steel) $67.70 | (304 Stainless steel) $67.70<br> | ||
'''Market Size'''<br> | '''Market Size'''<br> | ||
Aluminum Case: ($27.20)x(0.05)x(25,000,000)= $34,000,000.00 <br> | |||
Stainless Steel Case: ($67.70)x(0.05)x(25,000,000)= $84,625,000.00 <br> | |||
Total Market Size= $118,625,000.00 | |||
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==Fundability Discussion== | ==Fundability Discussion== | ||
'''Customer Validation:'''1 <br> | |||
'''Market Size:'''1 <br> | |||
'''Competition:'''3 <br> | |||
'''IP Position:'''2 <br> | |||
'''Technical Feasibility:'''3 <br> | |||
'''Regulatory Pathway:'''1 <br> | |||
'''Clinical Feasibility:'''1 <br> | |||
'''Reimbursement:'''1 <br> | |||
'''Total Score:'''18 <br> | |||
'''Justification:''' <br> | |||
This product should be funded because it offers a level of convenience that hasn't been seen by other inhaler designs. We have virtually no competition because there is not a phone case similar to our product. Since the fundability score is 18 the inhaler phone case is fairly fundable. This case also has a fairly simple design so when it comes to mass production the product should be easy to make and cost effective. It will be made out of stainless steal so it will be not only a durable inhaler, but phone case as well. The case also has a removable back so the customer will be more willing to buy the product knowing that they can replace empty cartridges. | |||
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Latest revision as of 21:54, 19 September 2017
BME 100 Fall 2017 | Home People Lab Write-Up 1 | Lab Write-Up 2 | Lab Write-Up 3 Lab Write-Up 4 | Lab Write-Up 5 | Lab Write-Up 6 Course Logistics For Instructors Photos Wiki Editing Help | |||||
OUR TEAMLAB 2 WRITE-UPDevice Image and Description
Description: Our product is a phone case that can also act as an inhaler for asthma patients. This case was based off of a design that we found off of grab cad, but the addition of the actual inhaler mechanism were of our own design. Our mechanism has a button on the top that releases the metered dose of medicine, much like a regular inhaler design. We have included a retractable end piece that allows the patient to inhale the medicine. The design has a removable back so that the consumer can add their own medicine cartridges. The product will be made out of stainless steal and has a relatively easy design so it shouldn't be costly to mass produce. Technical and Clinical FeasibilityTechnical Feasibility What are the technologies needed? Clinical Feasibility Given the technical feasibility, would it work in the clinic? Technical Feasibility Score: 3 Market AnalysisValue Creation Manufacturing Cost Cost of phone case + aluminum housing + hardware = $5.44 per unit (max)
Market Size
Fundability DiscussionCustomer Validation:1 Total Score:18 Justification:
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