If you have a product used in any step or level of the manufacturing process of a food item, drug, or pharmaceutical item, you want it to be FDA-approved. Approval not only means you can do business legally and within the realms of the quality and approval process. But it also means you’re serious about your product and your customers’ safety.
Getting your product FDA-approved is crucial if you want your product to be bought, sold, and used by other manufacturers or the end customer. This will make this process easier it’s always best to use reputable contract drug manufacturers.
The FDA is the Food & Drug Administration established in 1906. It’s a government agency that oversees obligations involving drugs, food, cosmetics, dietary supplements, animal food, biological goods, medical devices, and blood products.
Here are ten benefits of getting your product FDA-approved:
1. Impact within the industry
Having a product that directly contributes to your consumers’ health. And wellness means your product needs to go through rigorous testing. And certification to get it to be safe and secure to use and consume.
FDA requirements are rigorous, and a product usually takes a long time. A series of iterations and testing to get a final FDA approval, but once you get it. This product will provide a major impact toward the benefit of the consumer as it will be accessible for purchase. Thus improving the lives, conditions, and health of your target market.
2. It makes an in-demand product.
Products that have FDA approval quickly move up the ranks in terms of demand. Consumers know it has been tested, and it’s safe to use. Therefore, the demand for your product will increase. Having the FDA’s seal of approval is often a matter of a need, rather than a nice thing to have. https://aero-flex.aero/ptfe-rubber-hoses/ have FDA approval, which means they are compliant and safe to use in the food and medical industries.
3. You get access to international markets.
FDA approval also means you get a Certificate of Foreign Government (CFG). With this, you can basically open up your sales points to start selling to countries like Brazil, Japan, Australia, and China.
This tells other countries that your product has been approved, and it can be marketed and exported from the USA. Of course, most products also go through testing in the country that’s being exported to get another round of approval.
Getting the CFG also means your product is recognized by other countries. And it’s a standard to register your product with them. With FDA approval, you already have a stepping stone to enter and do business in another country. If you can’t get approval in your home country, it’s hard to get a seal of approval from a country you’re not operating in.
4. You get credibility.
FDA is known internationally, and it has acquired its own brand status. FDA has a steadfast principle and a long list of guidelines to help a company achieve and gain FDA approval. Their main mission has always been to protect the public’s health and safety.
When they conduct their approval process, they always look into the safety and efficacy of a product. And this usually takes a few years. If your product gets the approval, that means it has been through rigorous product quality testing. And various enhancement processes before being submitted to the FDA for review.
5. You get a better idea of how to improve your product.
As rigorous as the testing is, the process will broaden the perspective of your engineers. And technicians working on the product. They will come to know what quality improvement really means and what it takes for a product to meet the guidelines of food and medical safety.
It’s about having deeper experiences in building a quality product right from design, creation, testing, and production. Basically, every single step of the way, it’s all about addressing safety and efficacy concerns.
6. You get an edge for funding.
Let’s be honest – product development does eat up time and money. For a product to achieve superior status, it will require changes and reiterations along the way. This is going to take up money.
The good thing about FDA approval is you get to have slightly easier access to funding. FDA clearance shows that the product manufacturer is a serious and approved manufacturer. Big companies such as Johnson & Johnson and GE Healthcare are always on the lookout for smaller companies in need of funding to add to their repertoire of products.
7. Your product gets accepted into medical networks.
A food or medical product will only be entertained by medical facilities. And hospitals only if it has an FDA clearance. Without it, you can’t even sell your products in pharmacies. When building your product, you’re bound to be working with medical facilities to do clinical trials, pilot testing, or usability devices. This is a great way to increase and expand your network.
8. You have a good rapport with the FDA.
Seeking FDA approval already means you’ve established a connection with the agency. This makes it a lot easier for your team of experts and engineers to gain industry information. And the guidelines to refine your products to meet FDA standards.
9. Better morale among the design and development teams
The FDA approval process usually requires everyone in the company to work together and build something toward a common goal. Getting a product FDA-approved isn’t something that can be done by one person. Rather, it’s a team effort that leads to positive morale once FDA status is achieved.
10. You can expand your company’s expertise.
Once you achieve FDA approval, it will make it a lot easier for your company to expand into other areas of business. Once your product has achieved FDA status, the next thing you’ll need to do is continuously update. The upgrade, and enhance your product, which can also mean moving into other industries.
It’s always better to have a high-quality and accurate product released to the food. And the medical industry and get the reputation you deserve for all that hard work. Then to have a less accurate device that causes pain. And trauma to the people who have used it, tarnishing your credibility.