HOME  |  NEWS  |  BLOGS  |  MESSAGES  |  FEATURES  |  VIDEOS  |  WEBINARS  |  INDUSTRIES  |  FOCUS ON FUNDAMENTALS
  |  REGISTER  |  LOGIN  |  HELP
Page 1/3  >  >>
Mydesign
User Rank
Platinum
Re: Congrats Andrew
Mydesign   1/23/2014 4:45:37 AM
NO RATINGS
1 saves
"Cost is a challenging item to get a grasp on because of the marketplace driven by people's spending habits. As you pointed out, if a product meets a certain emotional or physical need more than likely people will buy it at top market value price."

Mrdon, anything which at a lesser piece than existing models can grab the market at a short time.

Mydesign
User Rank
Platinum
Re: Congrats Andrew
Mydesign   1/23/2014 4:43:04 AM
NO RATINGS
1 saves
"I just read in the Sunday 1/19/14 Huntsville Times edition that Google has step into the healthcare arena with a contact lense that can detect glucose in tears. The glucose monitoring device market is expected to be more than $16 billion by the end of this year, according to analysis at Renub Research. Agreed, definitely alot of opportunities in the healtcare industry."

Mrdron, diabetic, BP (Blood Pressure) and Cholesterol are the main lifestyle diseases, which can get effected by anybody. Google know the business trends and hence they are coming up with new technology.

mrdon
User Rank
Gold
Re: Congrats Andrew
mrdon   1/20/2014 1:32:18 PM
NO RATINGS
Mydesign

 

All good points. Cost is a challenging item to get a grasp on because of the marketplace driven by people's spending habits. As you pointed out, if a product meets a certain emotional or physical need more than likely people will buy it at top market value price.

mrdon
User Rank
Gold
Re: Congrats Andrew
mrdon   1/20/2014 12:45:48 PM
NO RATINGS
Mydesign

Thanks for the comment. I just read in the Sunday 1/19/14 Huntsville Times edition that Google has step into the healthcare arena with a contact lense that can detect glucose in tears. The glucose monitoring device market is expected to be more than $16 billion by the end of this year, according to analysis at Renub Research. Agreed, definitely alot of opportunities in the healtcare industry.

Mydesign
User Rank
Platinum
Re: Congrats Andrew
Mydesign   12/30/2013 11:19:21 PM
NO RATINGS
1 saves
"I agree. I had the same notion while watching Andrew's Gadget Freak video about the commercial appeal to the healthcare industry. I believe his BOM cost wasn't significant and therefore would easily turn a profit. Andrew's device definitely has a lot of customer appeal (easy to use) and with the right investment can become a purchasable product. "

Mrdon, any new device or technology for health care domain can capture market within a short span of time. Peoples are much concerned about health than anything.

Rob Spiegel
User Rank
Blogger
Re: Thanks for your kind words
Rob Spiegel   12/23/2013 4:27:20 PM
NO RATINGS
Hey Andrew, glad to hear you'll be bringing all three winning gadgets.

armorris
User Rank
Platinum
Thanks for your kind words
armorris   12/23/2013 1:22:53 PM
NO RATINGS
Thank you all so much for your kind words. I'm very much looking forward to my trip to California. I plan on taking all three of the gadgets I had in this contest to show off at the trade show. Thanks again!

Mydesign
User Rank
Platinum
Re: Congrats Andrew
Mydesign   12/23/2013 3:35:50 AM
NO RATINGS
1 saves
"I agree. I had the same notion while watching Andrew's Gadget Freak video about the commercial appeal to the healthcare industry. I believe his BOM cost wasn't significant and therefore would easily turn a profit. Andrew's device definitely has a lot of customer appeal (easy to use) and with the right investment can become a purchasable product. "

Mrdon, if peoples feel that the device is useful, then cost won't be a factor. Moreover bulk production and direct marketing strategies can lower the price to an affordable level.

mrdon
User Rank
Gold
Re: Congrats Andrew
mrdon   12/22/2013 2:38:06 PM
NO RATINGS
Mydesign,

I agree. I had the same notion while watching Andrew's Gadget Freak video about the commercial appeal to the healthcare industry. I believe his BOM cost wasn't significant and therefore would easily turn a profit. Andrew's device definitely has a lot of customer appeal (easy to use) and with the right investment can become a purchasable product. 

mrdon
User Rank
Gold
Re: Gaadget Freak Winner
mrdon   12/22/2013 2:29:34 PM
NO RATINGS
j-allen

I agree. Andrew has a special inventor's quality that is rare in today's society and that is to use his gift of inventing to make a difference in someone's life. Congratulations Andrew and keep up the good work!

Page 1/3  >  >>


Partner Zone
Latest Analysis
The phablet wars continue. Today we welcome the Nexus 6 -- a joint collaboration between Google and Motorola.
According to a study by the National Institute of Standards and Technology, one of the factors in the collapse of the original World Trade Center towers on Sept. 11, 2001, was the reduction in the yield strength of the steel reinforcement as a result of the high temperatures of the fire and the loss of thermal insulation.
If you have a Gadget Freak project, we have a reader who wants to make it. And not only will you get your 15 minutes of fame on our website and social media channels, you will also receive $500 and be automatically entered into the 2015 Gadget Freak of the Year contest.
Robots are getting more agile and automation systems are becoming more complex. Yet the most impressive development in robotics and automation is increased intelligence. Machines in automation are increasingly able to analyze huge amounts of data. They are often able to see, speak, even imitate patterns of human thinking. Researchers at European Automation call this deep learning.
Thanksgiving is a time for family. A time for togetherness. A time for… tech?
More:Blogs|News
Design News Webinar Series
11/19/2014 11:00 a.m. California / 2:00 p.m. New York
11/6/2014 11:00 a.m. California / 2:00 p.m. New York
10/7/2014 8:00 a.m. California / 11:00 a.m. New York
12/11/2014 8:00 a.m. California / 11:00 a.m. New York
Quick Poll
The Continuing Education Center offers engineers an entirely new way to get the education they need to formulate next-generation solutions.
Dec 1 - 5, An Introduction to Embedded Software Architecture and Design
SEMESTERS: 1  |  2  |  3  |  4  |  5  |  6


Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.
Last Archived Class
Sponsored by Littelfuse
Learn More   |   Login   |   Archived Classes
Twitter Feed
Design News Twitter Feed
Like Us on Facebook

Sponsored Content

Technology Marketplace

Copyright © 2014 UBM Canon, A UBM company, All rights reserved. Privacy Policy | Terms of Service