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Impact of Regulatory Changes on Innovations in the Medical Device Industry Comment on "Clinical Decision Support and New Regulatory Frameworks for Medical Devices: Are We Ready for It? - A Viewpoint Paper".

Authors :
Maresova P
Source :
International journal of health policy and management [Int J Health Policy Manag] 2023; Vol. 12, pp. 7262. Date of Electronic Publication: 2022 Jun 15.
Publication Year :
2023

Abstract

Economic regulation is an instrument of the state or other institutions to correct market failures, rectify the business environment, or protect consumers. Regulation can be a major driver of innovation, and it has proven to be so in the past. On the other hand, there are also documented cases of ineffective regulation due to information delays or shortcomings in government decision-making. The complexity of the impact of regulatory changes on innovation can currently be observed in the medical device market in Europe. Regulation (EU) 2017/745 whose main idea is to ensure greater safety and health protection for consumers, is a challenge for originator, manufacturer, mostly small and medium-sized enterprises. The regulation is associated with an increase in the cost of developing and maintaining the product on the market. We can now gradually begin to analyze whether it can be ranked among those that have become drivers of innovation.<br /> (© 2023 The Author(s); Published by Kerman University of Medical Sciences This is an open-access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.)

Details

Language :
English
ISSN :
2322-5939
Volume :
12
Database :
MEDLINE
Journal :
International journal of health policy and management
Publication Type :
Academic Journal
Accession number :
35942961
Full Text :
https://doi.org/10.34172/ijhpm.2022.7262