In free market it's also OK to cut costs as much as possible, making chair that explode and kill the user one day after the warranty expires.
That's why we have regulation: to establish the minimum standards.
Simple medical devices like wheelchairs (Class I or Class II) are also not super over-regulated, you don't need to do clinical trials to certify them. All-in-all it'll cost you around $10m, which is not at all a moat.
That's why we have regulation: to establish the minimum standards.
Simple medical devices like wheelchairs (Class I or Class II) are also not super over-regulated, you don't need to do clinical trials to certify them. All-in-all it'll cost you around $10m, which is not at all a moat.