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
Platinum
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
Platinum
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
Platinum
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
Platinum
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
For city dwellers, finding a parking space can be a time-consuming and downright exasperating task. Now, however, engineers may have found a solution to that old urban problem.
Manufacturers have to manage a wide range of data, and unstructured data -- from PDFs to video files -- has become a big challenge as the new world of Big Data emerges.
Answer this question, and more, during Design News’ Focus on Fundamentals course -- From Rapid Prototyping to Quick-Turn Production: A User’s Guide -- June 2-4. Sponsored by Proto Labs.
In his keynote address at the RAPID 2015 conference last week, Made In Space CTO Jason Dunn gave an update on how far his company and co-development partner NASA have come in their quest to bring 3D printing to the space station -- and beyond.
On Memorial Day, Americans remember the sacrifices the US armed forces have made, and continue to make, in service to the country. All of us should also consider the developments in technological capabilities and equipment over the years that contribute to the success of our military operations.
More:Blogs|News
Design News Webinar Series
5/21/2015 11:00 a.m. California / 2:00 p.m. New York
5/7/2015 11:00 a.m. California / 2:00 p.m. New York
6/3/2015 8:00 a.m. California / 11:00 a.m. New York
6/11/2015 11:00 a.m. California / 2:00 p.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.
Jun 8 - 12, Everything You Ever Wanted to Know about Filters
SEMESTERS: 1  |  2  |  3  |  4  |  5  |  6 |  7


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.
Next Course June 2nd-4th:
Sponsored by Proto Labs
Learn More   |   Login   |   Archived Classes
Twitter Feed
Design News Twitter Feed
Like Us on Facebook

Sponsored Content

Technology Marketplace

Copyright © 2015 UBM Canon, A UBM company, All rights reserved. Privacy Policy | Terms of Service