The new medical devices regulation aims to improve market transparency in Europe, product traceability, and consumer safety. Having a non-compliant device on the market exposes you to many risks.
In particular, the financial loss related to non-compliance is consequential. Potential financial penalties from the authorities have to be taken into account here, but not only! The recall of a product, for example, can lead to significant costs. Finally, lawsuits may be initiated by consumers: the expenses linked to this type of incident are substantial.
Your company's image can quickly be affected by a non-compliant MD. The press quickly grasps this type of subject, and the emergence of numerous consumer associations enables consumers to exchange information more easily and quickly. All this is, of course, facilitated by digital tools and their multiplication in recent years.
The Member States of the European Union have until 21st February 2021 to notify the European Commission of the penalties and sanctions they will apply in the event of non-compliance with Regulation 2017/745. These sanctions may be financial penalties or even product withdrawals or recalls. We will come back to you towards the end of February with the specific elements.
Economic operators under Regulation 2017/745 on medical devices have many obligations. To avoid ending up with a non-compliant device, you should, among other things, make sure that:
The new medical devices regulation aims to improve market transparency in Europe, product traceability, and consumer safety. Having a non-compliant device on the market exposes you to many risks.
In particular, the financial loss related to non-compliance is consequential. Potential financial penalties from the authorities have to be taken into account here, but not only! The recall of a product, for example, can lead to significant costs. Finally, lawsuits may be initiated by consumers: the expenses linked to this type of incident are substantial.
Your company's image can quickly be affected by a non-compliant MD. The press quickly grasps this type of subject, and the emergence of numerous consumer associations enables consumers to exchange information more easily and quickly. All this is, of course, facilitated by digital tools and their multiplication in recent years.
The Member States of the European Union have until 21st February 2021 to notify the European Commission of the penalties and sanctions they will apply in the event of non-compliance with Regulation 2017/745. These sanctions may be financial penalties or even product withdrawals or recalls. We will come back to you towards the end of February with the specific elements.
Economic operators under Regulation 2017/745 on medical devices have many obligations. To avoid ending up with a non-compliant device, you should, among other things, make sure that: