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jjp93 replied to the topic Expense of Regulations in the forum Risk Analysis for Medical Devices 6 years, 5 months ago
I believe these regulations costs money is because of how useful it is which means there will be people who need it, making it a business. The company has to purchase them to make sure all the companies’ regulations are correct for future. One person starts the regulation for everyone else to use. With all that hard work and money the person put into creating the original regulation should be compensated for, which is why they also cost money. They could be more cost efficient if the was a specific database to just find all these regulations to use. Or let those that are using the regulations have to pay a specific fee while those just viewing it for general knowledge pay a lower fee. These costs also make it harder for startup companies to build their business if they’re not within regulation but this might be a good thing because if they are not willing to make sure their product is within regulation, then they could have major issues in the future. Just anyone being a lot to afford the costs would mean many more businesses starting up and having more competition for companies. The startup companies get the short end of the stick when it comes to paying for the regulations but they must be necessary.