Executive Summary
Affordable healthcare is a major concern today, especially for companies developing solutions to enter emerging markets. Global companies are finding it exceedingly difficult to compete in comparatively less-regulated markets, with locally developed products.
With continuous improvement in open-source software (OSS) technology, it is now possible to reduce licensing expenses yet ensure that products work flawlessly. This technology can enable established medical devices companies to be more profitable in their existing product portfolio while enabling product variants that compete in new and emerging markets.
But before we dive into the eight selection factors for OSS technology, let us first address some myths regarding OSS licensing and quality.
