Paper Title
Phases of Product Life Cycle in the Context of Economic Effectiveness and Medical Device Development

Abstract
A product’s life cycle is tied into various economic aspects. The paper examines the role that different indicators play during such a process, along with the role played by economic effectiveness. It further looks into product life cycles in the context of medical device development. The study at hand looks to develop an understanding of the current literature that exists on the subject. It will help analyze and evaluate the role that economic indicators and economic effectiveness play during the development of a medical device. It will further expand on how other industries are different in terms of development as compared the medical industry. For the purpose of this study, various peer-reviewed research pieces were acquired and analyzed. Index Terms - Development, Stages, Product Life Cycle, Medical Device,