Activity

  • Dkonara921 replied to the topic Expense of Regulations in the forum Risk Analysis for Medical Devices 6 years, 10 months ago

    I think that using these regulations costs money simply because it’s a service that businesses and companies can use to show that they are complying with regulations and not trying to take the easy way out when it comes to making medical devices. Writing these regulations and standards were the result of effort and hard work and I think that the money is just a way for people to be compensated for their work. I think that it makes sense for companies to use these regulations but not start-ups simply because start-ups are at the early stage and may not have enough funding to even consider buying these regulations. It makes sense for companies to purchase these standards because it gives them an advantage of choosing what to comply with. the business knows its product or service better than anyone so having the choice to purchase the standard to comply with gives businesses and advantage. I think that the expense involved with purchasing these standards can be dealt with by having more businesses purchase them. Due to the Supply and Demand principle, if more businesses purchase a particular standard from the medical device market, the value of it can go down dramatically.