[giantg2]

"The medical devices I'm talking about require around $50K–$200K for FDA clearance"

I think that's only if you use the expedited approval process (510k).

I actually had an idea for a medical device. Turns out there was a patent on that idea already. It wasn't on the market yet. The potential client population wasn't very big, but just big enough to make it worth while.

[piratesAndSons]

Are you saying even if I stretch the budget to $500k, there isn't a niche where I can find viable device?

[giantg2]

No, but it seems unlikely given all the other failed companies/devices.