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  • za84 replied to the topic Possibility of Global Regulation of Medical Devices? in the forum Introduction to Project Management 6 years, 11 months ago

    I have always believed that the overwhelming outcome of shared resources and collaborations would lead to a positive outcome. One of the main benefits of global regulation of medical devices is that scientists and research groups in one country would arrive at conclusions that others might not see. this will result in a common good output that would be shared amongst everyone. In addition, some third world countries would greatly benefit from such globalization of medical device because they do not necessarily have the same resources to spend on testing procedures. Therefore, having these globalized regulations would provide them with results and reports that would strengthen their law and regulations. Even at the manufacturing level, manufacturers will have no choice but to follow through with the global regulations and this will make the medical device market very competitive as the local factories will realize that are international players in the market from countries like China and Japan which can build less expensive devices that would pass the regulations.