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
Samsung's fitness-oriented smart watch features a curved super AMOLED touchscreen display.
Stratasys is buying assets of a key player in materials testing and R&D for its FDM filament printers, and there's a new polypropylene material for the PolyJet series of 3D printers.
Cybathlon is an Olympic-style competition for those with bionic prosthetics.
Unlike industrial robots, which suffered a slight overall slump in 2012, service robots continue to be increasingly in demand. The majority are used for defense, such as unmanned aerial vehicles (UAVs); and agriculture, such as milking robots.
Eric Chesak created a sensor that can detect clouds, and it can also measure different sources of radiation.
More:Blogs|News
Design News Webinar Series
3/27/2014 11:00 a.m. California / 2:00 p.m. New York / 7:00 p.m. London
2/27/2014 11:00 a.m. California / 2:00 p.m. New York / 7:00 p.m. London
12/18/2013 Available On Demand
11/20/2013 Available On Demand
Quick Poll
The Continuing Education Center offers engineers an entirely new way to get the education they need to formulate next-generation solutions.
Apr 21 - 25, Creating & Testing Your First RTOS Application Using MQX
SEMESTERS: 1  |  2  |  3  |  4  |  5


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 Class: April 29 - Day 1
Sponsored by maxon precision motors
Learn More   |   Login   |   Archived Classes
Twitter Feed
Design News Twitter Feed
Like Us on Facebook

Sponsored Content

Technology Marketplace

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
Copyright © 2014 UBM Canon, A UBM company, All rights reserved. Privacy Policy | Terms of Service