What challenges do health tech startups face in regulatory compliance? 🔊
Health tech startups face several challenges in regulatory compliance, including navigating complex legal frameworks and securing necessary certifications. These startups often must adhere to stringent healthcare regulations, such as HIPAA in the U.S., which govern data privacy and security. Additionally, obtaining approval from regulatory bodies like the FDA can be time-consuming and costly, potentially delaying the product launch. Startups need to balance innovation with adherence to guidelines, frequently requiring consultation with legal and regulatory experts.
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