Medical Device Classification

Definition

The regulatory categorisation system that assigns medical devices to classes based on their risk to patients, which determines the level of regulatory scrutiny required for market approval. The EU MDR uses four classes (I, IIa, IIb, III) while the FDA uses three (I, II, III). Higher-class devices require more extensive clinical evidence and pre-market review.

Related Terms

Machine Learning Model Management Buyout (MBO) Management Fee Management Incentive Plan (MIP) Mark-to-Market

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