F&S report: European rules stifle innovation

By AuntMinnie.com staff writers

July 27, 2004 -- A patchwork of multiple national standards has complicated radiology product and technology innovation in Europe, according to an analysis from market research group Frost & Sullivan.

The numerous national regulations have also created disparities in terms of technology and equipment features acceptable to the various countries -- making it extremely difficult for companies to maintain multiple product lines, according to the San Jose, CA-based firm.

In its report, Strategic Analysis Impact of Regulations on Radiology Practice in Europe, the firm said that developing single-market regulations is likely to provide uniform standards and ensure consistency in the safety and quality of products. In addition, it would allow healthcare suppliers to simultaneously launch a product in all European nations, reducing time to market for new technologies.

By AuntMinnie.com staff writers
July 27, 2004

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Copyright © 2004 AuntMinnie.com

 

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