Rising incidence of chronic diseases and increasing emphasis on patient safety can boost demand for medical device vigilance across the world. Various regulatory bodies have implemented stringent norms and guidelines to ensure vigilance over medical devices post approval and marketing. With increasing complexity of medical devices, it is imperative for manufacturers to have robust vigilance systems for risk assessment, malfunction reporting and incident analysis. However, lack of harmonization and variation in regulatory framework across different regions can hamper the market growth. Ongoing research and development of innovative vigilance solutions can offer growth opportunities for market players in the near future.

Market Dynamics:

Growing burden of chronic diseases such as cancer, diabetes, and cardiovascular disorders globally has boosted demand for various types of medical devices. At the same time, numerous incidents related to device malfunctions, errors, and failures have emphasized the need for an effective post-market surveillance system. Stringent regulatory guidelines mandating implementation of vigilance procedures by manufacturers can drive the market growth. However, high costs associated with setting up and maintaining vigilance processes throughout the device lifecycle can hamper the market growth. Ongoing innovation in digital health technologies can offer new opportunities with integration of artificial intelligence and cloud computing in medical device vigilance solutions.

Key features of the study:

- This report provides in-depth analysis of the global medical device vigilance market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 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 medical device vigilance market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Philips, GE Healthcare, Siemens Healthineers, and Medtronic

- 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

- Global medical device vigilance 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 medical device vigilance market

Detailed Segmentation-

• By Delivery Mode
  
  • Cloud Based 
  • On-Premise
• By Application
  
  • Therapeutics
  • Diagnostics
  • Surgical
  • Research
• By End User
  
  • Hospitals
  • Diagnostic Imaging Center
  • Contract Research Organization (CRO)
  • Business Process Outsourcing (BPO)
  • Original Equipment Manufacturers (OEM)
  • Others
• By Region           
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • ZEINCRO
  • AssurX, Inc.
  • Sparta Systems
  • Oracle Corporation
  • Xybion Corporation
  • Sarjen Systems Pvt. Ltd.
  • Omnify Software, Inc.
  • Medidata Solutions
  • Vigilanz Corporation
  • Qualio
  • MasterControl
  • Greenlight Guru
  • eQMS
  • BioClinica
  • Medpace
  • PAREXEL International
  • Celerion
  • Charles River Laboratories