A gap assessment provides a toolbox for the decision-making process.
Lack of preparation and understanding of the efforts required to comply with the regulation will hinder product launches, negatively impact sales, and hurt a company’s reputation.
Here’s what companies think when it comes to how much it will cost to comply with the new regulation.
Look for the good, the bad, and the ugly, but above all, look for anything that affects patient safety.
Although many device companies are seeking cost savings when seeking sourcing products or components manufactured in Asia, quality should not be compromised. Intense due diligence is important.
Industry revenue was only up 4%, according to Ernst & Young’s annual Pulse of the Industry report.
The vote is a step towards getting rid of the tax for good.
It’s becoming more and more difficult for Western companies to make their way into this competitive market.
Although an expensive and challenging regulatory market, Japan’s aging population offers plenty of opportunities for device companies.
Many device manufacturers don’t have the resources to adequately handle security risks.