Materiovigilance, also known as medical device vigilance, is the collection, assessment, reporting and identification of trends in incidents resulting from the use of medical devices. Medical device vigilance aims to protect the patients, healthcare facilities utilizing medical devices, and others by preventing or reducing the occurrence of errors that leads to harmful incidents and adverse effects. The detection of technical issues and potential adverse effects associated with medical devices is monitored by materiovigilance. Materiovigilance includes postmarket surveillance, adverse reactions, incidents and recalls of medical devices. Adverse reactions can occur due to use of medical devices and can have severe consequences.
Market Dynamics
Factors such as increasing launches of security plans for medical devices and increasing number of medical device platforms are expected to drive the growth of the global materiovigilance market over the forecast period. For instance, in July 2017, Medical Device Innovation, Safety and Security Consortium (MDISS), a non-profit professional organization with a focus on the safety and security of medical devices, launched a new security testing lab called the World Health Information Security Testing Lab (WHISTL) for medical devices. WHISTL focuses on management and improvement of medical device security and education. For instance, according to data published by Meditology Services, is an IT company that provides security and privacy risk assessment solutions, in August 2021, the U.S. Food and Drug Administration announced a plan to improve cybersecurity practices for medical devices in response to the White House’s effort to bolster cybersecurity across the supply chain.
Key features of the study:
- This report provides an in-depth analysis of the global materiovigilance market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global materiovigilance market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, strategies
- Key companies covered as a part of this study include AssurX, Sparta Systems, Oracle Corporation, Xybion Corporation, Sarjen Systems Pvt. Ltd., MDI Consultants, AB-Cube, QVigilance, Qserve, and ZEINCRO
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global materiovigilance market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global materiovigilance market
Detailed Segmentation:
- Global Materiovigilance Market, By Delivery Mode :
- Global Materiovigilance Market, By Application:
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- Global Materiovigilance Market, By End users:
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- Global Materiovigilance Market, By Region:
- North America
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country
- Latin America
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- By Delivery Mode
- By Application
- Diagnostic Application
- Therapeutic Application
- Surgical Application
- Research Application
- Others
- By End users
- Contract Research Organization
- Business Process Outsourcing
- Original Equipment Manufacturers
- Others
- By Country/Region
- South Africa
- Central Africa
- North Africa
- Company Profiles
- AssurX *
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sparta Systems
- Oracle Corporation
- Xybion Corporation
- Sarjen Systems Pvt. Ltd
- MDI Consultants
- AB-Cube
- QVigilance
- Qserve
- ZEINCRO
“*” marked represents similar segmentation in other categories in the respective section.
