Tento+ has announced that the latest iteration of its ground-breaking dashboard will serve as the first ever generative AI tool being used in the medical compliance sector.
The medical device market has undergone consistent levels of growth over the past decade, and is projected to grow at a compound annual growth rate (CAGR) of 5.4% in forecast period 2021 - 2028. The World Health Organisation reports that there are an estimated 1.5 million medical devices globally, across more than 10,000 specific types. However, it is reported than the average medical device takes 3-7 years to reach the market and compliance is cited as one of top concerns for business leaders.
To account for the spiralling demand for regulatory approval of new medical devices, Tento+ has leveraged generative AI to streamline the process for any business, large and small. Already, the Tento+ team has documented and tested significant time savings. For the average project/submission, 236 hours of time could be saved by using Tento+'s generative AI-tool.