Conducting market research to identify customer needs, trends, and opportunities in the medical and pharmaceutical industry in India.
Analyzing the competitive landscape to identify gaps in the market and areas for potential innovation.
Conducting patent research to identify existing technologies and potential infringement issues.
Conducting a feasibility analysis to assess the technical and commercial viability of new product ideas.
Developing a product development roadmap and project plan for the innovation process.
Developing and prototyping new product concepts using best practices for ideation, user-centered design, and rapid prototyping.
Conducting product testing and refinement to optimize the product design and ensure that it meets regulatory requirements.
Protecting intellectual property through patent applications, trademarks, and other legal means.
Developing and executing a commercialization plan to bring the new product to market, including supply chain management, pricing, and distribution strategies.
Providing guidance on regulatory compliance requirements and approval processes, including support with obtaining necessary regulatory approvals and certifications.
Developing marketing and branding strategies to raise awareness and generate demand for the new product.
Offering ongoing support and advice to help clients optimize their product development and innovation activities and stay up to date with the latest trends and regulations in the medical and pharmaceutical industry in India.