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What is Product Life Cycle

Handbook of Research on Biomedical Engineering Education and Advanced Bioengineering Learning: Interdisciplinary Concepts
The introduction, growth, maturation, and decline of a medical device over time.
Published in Chapter:
Clinical Engineering
Joseph F. Dyro (Biomedical Resource Group, USA)
DOI: 10.4018/978-1-4666-0122-2.ch012
Abstract
Clinical engineering supports and advances patient care by applying engineering and managerial skills to healthcare technology. Since the 1970s, as medical device technologies have proliferated, increasingly impacting the cost and quality of healthcare, the clinical engineering profession has matured to play a significant role in healthcare technology management. It increases the cost-effectiveness, safety, and optimal utilization of medical devices. This chapter provides a comprehensive overview of the clinical engineer’s body of knowledge. It is addressed to international clinical engineering researchers, faculty, and students, as well as clinical engineering practitioners, medical device technology managers, hospital administrators, clinical and technology support personnel, regulators, and manufacturers. The chapter provides a solid foundation upon which healthcare systems can utilize methods for managing the ever-increasing number and complexity of medical device technologies and systems.
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More Results
Sustainable Supply Chain Practices in Circular Economy
A product life cycle is considered as the length of time from a product first being introduced for use by consumers until it is aloof from the market. A characteristic of an efficacious new product is a gradual rise in its sales during the market expansion stage.
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A Stochastic Approach to Product-Driven Supply Chain Design
The succession of the four marketing stages that a product goes through since its introduction to the market and until it will be removed from. All products have a life cycle. Generally this life cycle can be classified into four discrete stages: introduction, growth, maturity and decline.
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