How do regulatory challenges contribute to financial losses?
Regulatory challenges can significantly contribute to financial losses in nanotechnology. Different countries have varying regulations regarding the safety and environmental impact of nanomaterials. This can lead to delays in product approval, additional costs for compliance, and potential market entry barriers. Companies may need to invest heavily in safety testing and certification to meet these regulatory requirements, which can eat into profits. Additionally, if a product fails to meet regulatory standards, it might face recalls or bans, leading to substantial financial losses.
