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Market Authorization

Meaning

Market Authorization refers to the formal regulatory approval granted by a national or supranational health authority, permitting a pharmaceutical product, medical device, or diagnostic to be legally marketed, sold, and distributed within a specific geographical jurisdiction. This essential clearance signifies that the product has undergone rigorous assessment and is deemed safe, effective, and of adequate quality for its intended use, a critical step before any new therapeutic or diagnostic tool can reach individuals seeking improved health outcomes.