What is Medical Devices Vigilance Market?
The selection, assessment, documentation, quality check, and identification of the condition of medical devices as a result of their use is known as medical device vigilance. Medical device vigilance seeks to protect patients, healthcare facilities that use medical devices, and others by avoiding or eliminating accidents that result in dangerous injuries and adverse effects. Medical device vigilance monitors the identification of technological problems and possible adverse effects associated with medical devices. Because of their broad variety and vital significance for clinical treatment and patient care, it is becoming increasingly important to control the manufacturing, operating, and distribution processes to ensure their consistency, safety, and efficient operation. The rates of adverse events related to medical devices, increasing numbers of medical recalls, the adoption of medical device vigilance software by business process outsourcing firms, the pressure on medical device manufacturers to produce patient-safe medical equipment, and tightening of safety regulations for medical device manufacturers prior to and after commercialization
The market study is being classified, by Application (Diagnostic Application, Therapeutic Application, Surgical Application, Research Application and Other) and major geographies with country level break-up.
AB-Cube (France), AssurX, Inc. (United States), Oracle Corporation (United States), Sarjen Systems Pvt. Ltd (India), Sparta Systems, Inc. (United States), Xybion Corporation (United States), ZEINCRO Group (Greece), Intel (United States), Omnify Software (United States) and MdiConsultants (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Devices Vigilance market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Devices Vigilance market by Type, Application and Region.
On the basis of geography, the market of Medical Devices Vigilance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the Number of Medical Devices Recalls due to Technical Defects
- Increasing Number of Post Market Surveillance Programs
- Rise in the Number of Medical Devices due to an Increase in the Number of Clinics
- Negligence of Manufacturing Companies Towards Product Safety
- Rising Adoption of Medical Devices Surveillance Systems and Growing Awareness Regarding the Safety Regulatory Guidelines
- lack of Skilled Professionals in Under Developed and Developing Countries
October 2020 – Taiwan regulator releases draft guidances for medical device vigilance reporting. The Taiwan Food and Drug Administration (TFDA) published two draft guidance documents for public consultation on October 8, offering updated information on post-market surveillance and reporting procedures.
Manufacturers are required to report to the FDA when they learn that any of their devices may have caused or contributed to a death or serious injury. Manufacturers must also report to the FDA when they become aware that their device has malfunctioned and would be likely to cause or contribute to a death or serious injury if the malfunction were to recur.
Key Target Audience
Manufacturers of Medical Device, Suppliers of Medical Device, Wholesalers, Distributors and Retailers of Medical Device, Healthcare Industry and Regulatory Bodies
Frequently Asked Questions (FAQ):1. Which factors would majorly drive the Medical Devices Vigilance Market?
"Growth in the Number of Medical Devices Recalls due to Technical Defects
" is seen as one of major growth factors of Medical Devices Vigilance Market in years to come.2. Can we have customized study for Medical Devices Vigilance Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.