According to the report, global demand for Medical Devices Vigilance market was valued at approximately USD 56.7 billion in 2019, and is expected to generate revenue of around USD 99.2 billion by end of 2026, growing at a CAGR of around 8.3 % between 2020 and 2026.
According to the report, global demand for Medical Devices Vigilance market was valued at approximately USD 56.7 billion in 2019, and is expected to generate revenue of around USD 99.2 billion by end of 2026, growing at a CAGR of around 8.3 % between 2020 and 2026.
Global Medical Devices Vigilance Market: Overview
With the testing of medical equipment becoming necessary for the healthcare industry, medical device vigilance is gaining prominence across the globe. The recognition of potential hazards pertaining to medical instruments is included in medical device vigilance. The vigilance market for medical devices can be traced back to 1992, when the Global Harmonization Task Force (GHTF) was formed to standardize national regulatory frameworks for medical devices. The goal was to improve access to effective, secure and clinically useful medical technologies.
Global Medical Devices Vigilance Market: Growth Factors
The surge in the number of medical devices recalls due to safety issues is the key factor driving the global market growth during the forecast period. Additionally, growing awareness among people pertaining to availability of medical device vigilance software and reporting of adverse events will positively leverage medical devices vigilance market growth over the analysis timeline.
Furthermore, favorable government scenario pertaining to medical devices vigilance ensuing patient safety will serve as an impact rendering factor that will bolster the business scope. Increasing burden on medical devices manufacturers to produce safe medical equipment as well as strict safety laws put into practice/use by regulatory bodies pertaining to pre- and post-commercialization of medical equipment will further spur the market revenue. However, carelessness of production units towards the maintenance of product safety may refrain the growth of medical devices vigilance market over the upcoming years.
Global Medical Devices Vigilance Market: Segmentation
The global medical devices vigilance market can be classified into the delivery mode, application, and end-user. Based on the delivery mode, the market is sectored into on-demand and on-premise. On the basis of application, the market is segmented into diagnostic, surgical, therapeutic, and research sectors. Based on the end-user, the medical devices vigilance market is classified into clinical research organizations, original equipment manufacturers, and business process outsourcing.
Global Medical Devices Vigilance Market: Regional Analysis
Based on the region, the global medical devices vigilance market can be divided into five main regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is likely to dominate the global medical devices vigilance market growth over the years ahead, owing to the tremendous demand for medical devices vigilance in the region. A massive number of reported hostile activities will elevate the acceptance of vigilance systems. A strong base of medical equipment producing firms in North America will further augment regional business growth. Moreover, Asia Pacific medical devices vigilance market will register a profitable growth over the years to come, owing to the growing focus of medical device manufacturers on product safety. Additionally, the presence of a large and diverse patient pool in the region coupled with a surge in clinical research outsourcing will further accelerate regional market growth.
The medical devices vigilance market in Europe is slated to experience rapid growth, subject to stringent medical device regulations and policies in countries such as the UK. Latin America and the Middle East and Africa possess brighter market growth prospects and are likely to contribute considerably towards the global market share in the upcoming years.
Global Medical Devices Vigilance Market: Competitive Players
Some of the key players in medical devices vigilance market are ZEINCRO, Sparta Systems, AssurX, Oracle, Xybion, INTEL, Sarjen Systems, MDI Consultants, AB-Cube, Numerix, and Omnify Software.
The report segments the Global Medical Devices Vigilance market as follows:
Global Medical Devices Vigilance Market: Delivery mode Segment Analysis
Global Medical Devices Vigilance Market: Application Segment Analysis
Global Medical Devices Vigilance Market: End-user Segment Analysis
Global Medical Devices Vigilance Market: Regional Segment Analysis
List of Figures
1. Market Business process outsourcing process
2. Market Business process outsourcing methodology
3. Global Medical Devices Vigilance market, 2016-2026 (USD Billion)
4. Porter’s five forces analysis: Medical Devices Vigilance market
5. Global Medical Devices Vigilance market attractiveness, by Delivery mode
6. Global Medical Devices Vigilance market attractiveness, by Application
7. Global Medical Devices Vigilance market attractiveness, by End-user
8. Global Medical Devices Vigilance market revenue share, by Delivery mode, 2019 and 2026
9. Global Medical Devices Vigilance market by On-demand, 2016-2026 (USD Billion)
10. Global Medical Devices Vigilance market by On-premise, 2016-2026 (USD Billion)
11. Global Medical Devices Vigilance market revenue share, by Application, 2019 and 2026
12. Global Medical Devices Vigilance market by Diagnostic, 2016-2026 (USD Billion)
13. Global Medical Devices Vigilance market by Surgical, 2016-2026 (USD Billion)
14. Global Medical Devices Vigilance market by Therapeutic, 2016-2026 (USD Billion)
15. Global Medical Devices Vigilance market by Research sectors, 2016-2026 (USD Billion)
16. Global Medical Devices Vigilance market revenue share, by End-user, 2019 and 2026
17. Global Medical Devices Vigilance market by Clinical research organizations, 2016-2026 (USD Billion)
18. Global Medical Devices Vigilance market by Original equipment manufacturers, 2016-2026 (USD Billion)
19. Global Medical Devices Vigilance market by Business process outsourcing, 2016-2026 (USD Billion)
20. Global Medical Devices Vigilance market revenue share, by region, 2018 & 2025
21. North America Medical Devices Vigilance market, 2016-2026 (USD Billion)
22. Europe Medical Devices Vigilance market, 2016-2026 (USD Billion)
23. Asia Pacific Medical Devices Vigilance market, 2016-2026 (USD Billion)
24. Latin America Medical Devices Vigilance market, 2016-2026 (USD Billion)
25. Middle East & Africa Medical Devices Vigilance market, 2016-2026 (USD Billion)
List of Tables
1. Global Medical Devices Vigilance market: snapshot
2. Drivers for Medical Devices Vigilance market: impact analysis
3. Restraints for Medical Devices Vigilance market: impact analysis
4. North America Medical Devices Vigilance market revenue, by country, 2016-2026 (USD Billion)
5. North America Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
6. North America Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
7. North America Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
8. The U.S. Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
9. The U.S. Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
10. The U.S. Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
11. Rest of North America Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
12. Rest of North America Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
13. Rest of North America Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
14. Europe Medical Devices Vigilance market revenue, by country, 2016-2026 (USD Billion)
15. Europe Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
16. Europe Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
17. Europe Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
18. U.K. Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
19. U.K. Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
20. U.K. Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
21. France Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
22. France Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
23. France Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
24. Germany Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
25. Germany Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
26. Germany Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
27. Rest of Europe Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
28. Rest of Europe Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
29. Rest of Europe Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
30. Asia Pacific Medical Devices Vigilance market revenue, by country, 2016-2026 (USD Billion)
31. Asia Pacific Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
32. Asia Pacific Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
33. Asia Pacific Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
34. China Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
35. China Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
36. China Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
37. Japan Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
38. Japan Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
39. Japan Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
40. India Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
41. India Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
42. India Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
43. Rest of Asia Pacific Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
44. Rest of Asia Pacific Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
45. Rest of Asia Pacific Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
46. Latin America Medical Devices Vigilance market revenue, by country, 2016-2026 (USD Billion)
47. Latin America Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
48. Latin America Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
49. Latin America Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
50. Brazil Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
51. Brazil Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
52. Brazil Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
53. Rest of Latin America Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
54. Rest of Latin America Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
55. Rest of Latin America Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
56. Middle East & Africa Medical Devices Vigilance market revenue, by Delivery mode, 2016-2026 (USD Billion)
57. Middle East & Africa Medical Devices Vigilance market revenue, by Application, 2016-2026 (USD Billion)
58. Middle East & Africa Medical Devices Vigilance market revenue, by End-user, 2016-2026 (USD Billion)
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