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EU MDR Compliance Will Cost More Than 5% Of Revenues For Half Of Medtechs, Survey Says

Manufacturers must address IT needs for process efficiencies and cost effectiveness

 
• By Ashley Yeo

Almost half of companies polled on extra resources needed to comply with the EU Medical Device Regulation are preparing for considerable outlay. Manufacturers are also falling short in digital readiness.

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A survey by Munich, Germany health care software company Climedo Health has revealed that medtech companies serving the EU market are mentally preparing for a significant dent to their profit and loss accounts.

Compliance with the Medical Device Regulation will cost over 5% of annual sales, according to 48% of 101 companies polled in July and August about their MDR-readiness. The size range...

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