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Medical Device Vigilance Market

Global Medical Device Vigilance Market Size, Share & Trends Analysis Report by Delivery Mode (On-Premise and On-Demand), By End-User (Contract Research Organizations (CROs), Business Process Outsourcing (BPO), and Original Equipment Manufacturers (OEM)) and Forecast 2019-2025

Published: Dec 2019 | Report Code: OMR2020029 | Category : Healthcare Information Technology | Delivery Format: /

The global medical device vigilance market is estimated to grow significantly, at a CAGR of 8.7%, during the forecast period. Medical device vigilance assists in improving the protection of healthcare professionals, safety and health of patients, and other end-users of medical devices by reducing the chances of reoccurrence of incidents associated with the use of medical devices. The global medical device vigilance market is primarily driven by the rise in the number of reporting for the adverse events of medical devices coupled with the government initiatives to cater to these events, including raising public awareness. 

The other important factor that is expected to propel the market growth in the near future includes the rules and regulations posted by the government authorities on the safety of patients and to the manufacturers for the safe development of medical devices. However, the lack of attention given by the manufacturing companies towards ensuring product safety and efficiency can be counted as one of the major factors that may hinder the global market growth. 

Segmental Outlook  

The medical device vigilance market is classified on the basis of delivery mode and end-user. Based on delivery mode, the market is bifurcated into on-demand and on-premise. Among these, the on-demand medical device vigilance system is expected to contribute a significant share in the medical device vigilance market, as the key market players, such as AssurX, Inc. and AB CUBE, are offering their solutions in this segment. On the basis of end-user, the market is segmented into CROs, BPO, and OEM. 

Global Medical Device Vigilance Market Share by Delivery Mode, 2018 (%)

Global Medical Device Vigilance Market Share by Delivery Mode

The Growth of the Medical Device Vigilance Market is Driven by CROs 

Among the end-users, the CROs segment contributes a significant share in the global market. The market growth is backed by the increase in the adoption of medical device vigilance software for ensuring product safety at every product development phase. The increasing focus of CROs on providing quality-based products so as to position itself in the highly competitive market can be considered as one of the major factors that offer growth to this segment in the market. 

Regional Outlook 

The global medical device vigilance market is classified on the basis of geography, including North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to project considerable market growth in the global medical device vigilance market during the forecast period. This growth can be accredited to the rising number of programs for the post-market surveillance of medical devices and the presence of a large and diverse patient pool in the region. The rising medical tourism due to the availability of inexpensive treatment procedures can be considered as another factor that drives the business of medical devices in the region. This, in turn, increases the required medical device vigilance software in the region, in turn, driving the market growth.

Global Medical Device Vigilance Market Growth, by Region 2019-2025
Global Medical Device Vigilance Market Share by Region

North America Contributes a Significant Share in the Global Market

North America has been propelling at a stellar pace in the global medical device vigilance market in recent times. The developed healthcare infrastructure and the presence of key market players are some of the major factors that drive the market growth in the region. The region noticeably believes in integrating IT solutions with the healthcare infrastructure, owing to which the medical device vigilance software is appreciated by the healthcare OEM, CROs, and BPO. Along with this, the FDA of the US is considered as one of the largest federal agencies across the globe that regulates human and veterinary drugs, medical devices, and cosmetics, among others. The FDA keeps an eye on the performance of medical devices and detects potential device-related safety events through its Medical Device Reporting (MDR) tool. Such a significant contribution of governmental authorities on the efficacy of medical devices augments the growth of the medical device vigilance market in the region.

Market Players Outlook

The key players in the medical device vigilance market are contributing significantly by providing advanced technology-based products and expanding their geographical presence across the globe. Some of the key players operating in the global medical device vigilance market include Greenlight Guru, Oracle Corp., Sarjen Systems Pvt. Ltd., Sparta Systems, Inc., Xybion Corp., ZEINCRO Group, and RELX Inc. 

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global medical device vigilance market. Based on the availability of data, information related to products and services, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.   

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Overview 

3.3.2. Financial Analysis 

3.3.3. SWOT Analysis

3.3.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Medical Device Vigilance Market by Delivery Mode

5.1.1. On-Demand 

5.1.2. On-Premise

5.2. Global Medical Device Vigilance Market by End-User

5.2.1. Contract Research Organizations (CROs)

5.2.2. Business Process Outsourcing (BPO)

5.2.3. Original Equipment Manufacturers (OEM)

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe 

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. Rest of Asia-Pacific 

6.4. Rest of the World

7. Company Profiles

7.1. AB CUBE

7.2. AssurX, Inc.

7.3. Arena Solutions, Inc.

7.4. EXTEDO GmbH

7.5. Freyr Inc.

7.6. Greenlight Guru

7.7. Jama Software Inc.

7.8. LexisNexis, a division of RELX Inc.

7.9. MasterControl Inc.

7.10. Oracle Corp.

7.11. Panacea Pharma Projects Ltd.

7.12. PvEdge, a division of Sarjen Systems Pvt. Ltd. 

7.13. Sparta Systems, Inc.

7.14. The Smithers Group Inc.

7.15. Xybion Corp.

7.16. ZEINCRO Group

1. GLOBAL MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY DELIVERY MODE, 2018-2025 ($ MILLION)

2. GLOBAL ON-DEMAND MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL ON-PREMISE MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

5. GLOBAL MEDICAL DEVICE VIGILANCE FOR CRO MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL MEDICAL DEVICE VIGILANCE FOR BPO MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL MEDICAL DEVICE VIGILANCE FOR OEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

8. GLOBAL MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

9. NORTH AMERICAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

10. NORTH AMERICAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY DELIVERY MODE, 2018-2025 ($ MILLION)

11. NORTH AMERICAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

12. EUROPEAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

13. EUROPEAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY DELIVERY MODE, 2018-2025 ($ MILLION)

14. EUROPEAN MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

15. ASIA-PACIFIC MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

16. ASIA-PACIFIC MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY DELIVERY MODE, 2018-2025 ($ MILLION)

17. ASIA-PACIFIC MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

18. REST OF THE WORLD MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY DELIVERY MODE, 2018-2025 ($ MILLION)

19. REST OF THE WORLD MEDICAL DEVICE VIGILANCE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

1. GLOBAL MEDICAL DEVICE VIGILANCE MARKET SHARE BY DELIVERY MODE, 2018 VS 2025 (%)

2. GLOBAL MEDICAL DEVICE VIGILANCE MARKET SHARE BY END-USER, 2018 VS 2025 (%)

3. GLOBAL MEDICAL DEVICE VIGILANCE MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

6. UK MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

12. INDIA MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

13. CHINA MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

14. JAPAN MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD MEDICAL DEVICE VIGILANCE MARKET SIZE, 2018-2025 ($ MILLION)

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