Market Overview:
The global medical devices vigilance market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for on-demand and on-premises medical device vigilance services by business process outsourcing (BPO), clinical research organizations (CROs), original equipment manufacturers (OEMs), and other end users. Additionally, the growing awareness about safety and quality of medical devices among healthcare professionals and patients is also fueling the demand for medical device vigilance services. However, lack of standardization in terms of service delivery models may restrain the growth of this market during the forecast period. On-demand services segment is expected to grow at a higher CAGR than on-premises services during the forecast period owing to its advantages such as scalability, flexibility,.
Product Definition:
Medical Devices Vigilance is the term used for the system by which medical device manufacturers and regulators share information about adverse events associated with medical devices. The importance of Medical Devices Vigilance is that it allows regulators to identify potential problems with a device before they become widespread, and it allows manufacturers to address any safety concerns quickly.
On-Demand:
On-demand medical devices market is a new term that entered the healthcare industry recently. It has been observed that this concept has gained significant acceptance in other industries such as entertainment and software. In recent times, it has become a major trend in the IT world to provide consumers with what they want when they want it, without having to go to any extreme efforts for procuring it.
On-Premises:
On-premises is a term used for the software and hardware systems that are installed on the end users premises. The system can be in physical form or as a service. It can also be referred to as on-premise solution or software/application.
Application Insights:
The business process outsourcing segment dominated the global medical devices vigilance market in 2017. This can be attributed to factors such as an increase in the adoption of cloud computing, growing demand for patient safety and high quality of care, and a rise in healthcare expenditure. Outsourcing helps reduce costs while improving efficiency by providing 24*7 remote access to equipment & files, which is likely to propel industry growth over the forecast period.
Medical device manufacturers are subject to numerous risks during storage, transportation, handling & use that may lead to accidents or injuries if proper safety measures are not taken. The original equipment manufacturer (OEM) plays a significant role in shaping consumer awareness about product usage along with offering after-sales services related issues across various regions worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing government initiatives, rising healthcare spending by consumers and private companies, and growing demand for efficient healthcare services among patients across this region. Moreover, presence of a large number of global players with their headquarters situated in this region will continue to boost growth over the next eight years.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing outsourcing activities within this region coupled with growing awareness regarding patient safety & wellbeing resulting into high adoption rates of GMDVs amongst organizations operating within it’s framework ( Original Equipment Manufacturers (OEMs), Contract Research Organizations (CROs), Medical Device Companies).
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. The rise in geriatric population, who are more susceptible to chronic diseases, is also contributing to the growth of this market.
- Technological advancements: Medical device manufacturers are constantly innovating their products to make them more efficient and user-friendly. This has resulted in a growing demand for advanced medical devices, which is driving the growth of this market.
- Stringent regulatory environment: Regulatory agencies such as FDA are increasingly becoming stringent with respect to product approvals and post-market surveillance requirements for medical devices. This is resulting in increased compliance costs for medical device manufacturers, which is fuelling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Devices Vigilance Market Research Report
By Type
On-Demand, On-Premises
By Application
Business Process Outsourcing, Clinical Research Organizations, Original Equipment Manufacturers, Other
By Companies
AB-Cube, AssurX, AXPHARMA, INTEL, MDI Consultants, Numerix, Omnify Software, Oracle, QVigilance, Sarjen Systems, Sparta Systems, Xybion, ZEINCRO, Dr. Ebeling & Assoc. GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Medical Devices Vigilance Market Report Segments:
The global Medical Devices Vigilance market is segmented on the basis of:
Types
On-Demand, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business Process Outsourcing, Clinical Research Organizations, Original Equipment Manufacturers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AB-Cube
- AssurX
- AXPHARMA
- INTEL
- MDI Consultants
- Numerix
- Omnify Software
- Oracle
- QVigilance
- Sarjen Systems
- Sparta Systems
- Xybion
- ZEINCRO
- Dr. Ebeling & Assoc. GmbH
Highlights of The Medical Devices Vigilance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Demand
- On-Premises
- By Application:
- Business Process Outsourcing
- Clinical Research Organizations
- Original Equipment Manufacturers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Devices Vigilance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical devices vigilance is the practice of monitoring and inspecting medical devices to ensure they are safe and effective.
Some of the major players in the medical devices vigilance market are AB-Cube, AssurX, AXPHARMA, INTEL, MDI Consultants, Numerix, Omnify Software, Oracle, QVigilance, Sarjen Systems, Sparta Systems, Xybion, ZEINCRO, Dr. Ebeling & Assoc. GmbH.
The medical devices vigilance market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Devices Vigilance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Devices Vigilance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Devices Vigilance Market - Supply Chain
4.5. Global Medical Devices Vigilance Market Forecast
4.5.1. Medical Devices Vigilance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Devices Vigilance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Devices Vigilance Market Absolute $ Opportunity
5. Global Medical Devices Vigilance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Devices Vigilance Market Size and Volume Forecast by Type
5.3.1. On-Demand
5.3.2. On-Premises
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Devices Vigilance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Devices Vigilance Market Size and Volume Forecast by Application
6.3.1. Business Process Outsourcing
6.3.2. Clinical Research Organizations
6.3.3. Original Equipment Manufacturers
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Devices Vigilance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Devices Vigilance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Devices Vigilance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Devices Vigilance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Devices Vigilance Demand Share Forecast, 2019-2029
9. North America Medical Devices Vigilance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Devices Vigilance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Devices Vigilance Market Size and Volume Forecast by Application
9.4.1. Business Process Outsourcing
9.4.2. Clinical Research Organizations
9.4.3. Original Equipment Manufacturers
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Devices Vigilance Market Size and Volume Forecast by Type
9.7.1. On-Demand
9.7.2. On-Premises
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Devices Vigilance Demand Share Forecast, 2019-2029
10. Latin America Medical Devices Vigilance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Devices Vigilance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Devices Vigilance Market Size and Volume Forecast by Application
10.4.1. Business Process Outsourcing
10.4.2. Clinical Research Organizations
10.4.3. Original Equipment Manufacturers
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Devices Vigilance Market Size and Volume Forecast by Type
10.7.1. On-Demand
10.7.2. On-Premises
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Devices Vigilance Demand Share Forecast, 2019-2029
11. Europe Medical Devices Vigilance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Devices Vigilance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Devices Vigilance Market Size and Volume Forecast by Application
11.4.1. Business Process Outsourcing
11.4.2. Clinical Research Organizations
11.4.3. Original Equipment Manufacturers
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Devices Vigilance Market Size and Volume Forecast by Type
11.7.1. On-Demand
11.7.2. n-Premises
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Devices Vigilance Demand Share, 2019-2029
12. Asia Pacific Medical Devices Vigilance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Devices Vigilance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Devices Vigilance Market Size and Volume Forecast by Application
12.4.1. Business Process Outsourcing
12.4.2. Clinical Research Organizations
12.4.3. Original Equipment Manufacturers
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Devices Vigilance Market Size and Volume Forecast by Type
12.7.1. On-Demand
12.7.2. On-Premises
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Devices Vigilance Demand Share, 2019-2029
13. Middle East & Africa Medical Devices Vigilance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Devices Vigilance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Devices Vigilance Market Size and Volume Forecast by Application
13.4.1. Business Process Outsourcing
13.4.2. Clinical Research Organizations
13.4.3. Original Equipment Manufacturers
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Devices Vigilance Market Size and Volume Forecast by Type
13.7.1. On-Demand
13.7.2. On-Premises
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Devices Vigilance Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Medical Devices Vigilance Market: Market Share Analysis
14.2. Medical Devices Vigilance Distributors and Customers
14.3. Medical Devices Vigilance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AB-Cube
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AssurX
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AXPHARMA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. INTEL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MDI Consultants
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Numerix
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Omnify Software
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oracle
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. QVigilance
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sarjen Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sparta Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xybion
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ZEINCRO
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dr. Ebeling & Assoc. GmbH
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
