Launching a project requires a lot of knowledge of the sector in which you are launching yourself. It is true that the health sector faces unique specifics: a lot of different stakeholders, specific ethical rules, a very particular legislation, a complex economical structure and extremely precise regulations.
A complex regulation and complex operations
A lot of health-related products are to be found in the medical devices category. Medical devices have a very strict operating model, from the conception over the validation to the production of such devices. The legal frame needs to be respected for the devices to be commercialized. Even if take the reimbursement of medical costs into account in your business model, you might not realize that the process to get this reimbursement is rather complex. It is very important to make sure that you are well informed on all these different aspects, including on the global context of your industry.