Post market surveillance is mainly focused on reporting adverse events such as device malfunctioning, patient injuries, product returns, modifications, exchange, and recall after launch. These activities are designed to characterize accurate performance of medical devices, clinical outcomes, and quick identification of low performance medical devices. Post market surveillance is conducted by various institutions and organizations including pharmaceutical manufacturers, universities, government agencies, contract research organizations (CROs), business process outsourcing (BPOs), and original equipment manufacturer (OEMs).
Market Dynamics
Increasing number of post market surveillance studies for medical devices is expected to drive the growth of the medical device vigilance market. For instance, in July 2017, LifeTech Scientific Corporation launched a post market surveillance study for its LAmbre Left Atrial Appendage (LAA) Closure System which is used for treatment of atrial fibrillation. The post market surveillance study maintains the clinical safety records of LAmbre Left Atrial Appendage (LAA) Closure System.
Furthermore, rising government initiatives regarding medical device safety and recall is expected to boost the medical device vigilance market growth. For instance, in August 2018, Drug Regulatory Authority of India announced to launch a mobile app (Medical Device Reporting) which will provide information regarding safety and recall notices of products. This app will send a message to users and report injuries and problems related to medical devices. The app is a post market surveillance tool which is used by the Central Drug Standards Controller Organization.
Key features of the study:
- This report provides an in-depth analysis of the medical device vigilance market size (US$ Mn), and cumulative annual growth rate (CAGR (%) for the forecast period: 2018 – 2026, considering 2017, as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global medical device vigilance market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key players covered as a part of this study include, ZEINCRO, AssurX, Inc., Sparta Systems, Oracle Corporation, Xybion Corporation, Sarjen Systems Pvt. Ltd., MDI Consultants, Inc., AB-Cube, Laerdal Medical, and Omnify Software, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
- The global medical device vigilance market report caters to various stakeholders in the industry, including investors, product manufacturers, distributors and suppliers for anesthesia device market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
- Global Medical Device Vigilance Market, By Delivery Mode:
- Global Medical Device Vigilance Market, By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- Global Medical Device Vigilance Market, By End User Type:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Global Medical Device Vigilance Market, By Region:
- North America
- By Country:
- By Delivery Mode:
- By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- By End User:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Delivery Mode:
- By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- By End User:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Delivery Mode:
- By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- By End User:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Delivery Mode:
- By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- By End User:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Africa
- By Country:
- South Africa
- Central Africa
- North Africa
- By Delivery Mode:
- By Application:
- Therapeutics
- Diagnostics
- Surgical
- Research
- By End User:
- Contract Research Organization (CRO)
- Business Process Outsourcing (BPO)
- Original Equipment Manufacturers (OEM)
- Others
- Company Profiles
- ZEINCRO,*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- AssurX, Inc.
- Sparta Systems
- Oracle Corporation
- Xybion Corporation
- Sarjen Systems Pvt. Ltd.
- MDI Consultants, Inc.
- AB-Cube
- Laerdal Medical
- Omnify Software, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
